This is a discussion on Higher lows lower highs within the General Forex Strategies forums, part of the Forex Strategies category; GU, we missed the lh sell around 4960 and had to wait for this lh. Exited at +20 at round ...
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#11
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GU, we missed the lh sell around 4960 and had to wait for this lh. Exited at +20 at round number, Mrs V going ape to bank (we missed out on some ej pips and we haven't traded well this month and are way below target).
I had target at 4850 with 4885 a tough area (high from 18th I think it was) and thought we should at least stay in for 4885. Mrs V won that one. No worries we can always buy another rolling pin ![]() .
__________________
V's blog http://vantagefx.blogspot.com/ |
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#12
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Our results are down this month prompting a look at the charts for the month. Whilst I had a lot of personal/family issues this month fx is my business and it needed some fact checking. Another trade will be added:
(3)Between 7 and 9 am gmt where a decent range is around 50 pips, we will look for 1 min hl/lh's at key levels (round numbers, psych 75/25, prior session proven supp/res levels, pivots etc). Numbers show something like 80% of the time these are the London open head fake moves. Looking to bank anything from 20+ pips when a key level hit. Each time there is a stall and turn that extreme becomes the starting point potentially for the 125 pip session move. This bigger move is more likely to happen after 9.30 gmt than before.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#13
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2 trades today, one of which is an example of trade 3 see 1st post. Price moved up to clear supp area in early London session we sold 1 min lh for +18.
Had another 100% system trade before UK news, hit +20 briefly but news took us up, out at BE.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#14
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Sorry above chart had the 5 min BE trade, this is the 1 min entry.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#15
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Nice system buy out at +20, much too early but my +20 auto bank indi was going crazy (aka Mrs V).
__________________
V's blog http://vantagefx.blogspot.com/ |
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#16
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Quote:
to let another system trade pass by.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#17
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Haven't traded eur for ages but had up this morning and for whatever reason (focusing on gu or just because we haven't traded it for a while) we saw this and let go. 100% system trade.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#18
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I am careful trading in the first 15 mins of Frankies Open (FO) but this was 100% system with good candles. Got out too early and it ran up to strong resistance but +20 good on UK/Euro int rate days which I used to avoid is fine.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#19
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100% system sell on ej. 1hr down, 15 min down, nice 5 min lh shooting star no lower wick. Tried to exit +19 when move below RN failed, didn't take eventually no follow through out at BE.
__________________
V's blog http://vantagefx.blogspot.com/ |
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#20
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We did take this hl. 15 min had a pos close, key level Y's high had rejected. Looks like we got in a pip or so late but thats the max dev I have set in mt4 orders. Exited at +28 near the top of range. It did go further but that was a nice trade.
__________________
V's blog http://vantagefx.blogspot.com/ |
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