Snow Dog

We missed the hl buy at 5750 (Mrs V's bleeding has stopped nicely) and had to wait a while for this one. A big run up tp 5800, a 15 min neg close then a 15 min shooting star. Sold the low of 5 min doji (the only time we'll trade a wick in direction of a trade ie a doji) which was the 2nd lh, exited +32 at the target 50 level.

100% system trade, 1hr down, 15 min shooting star, 5 min lh, entry candle little/no lower wick. Target the 25 psych level/38% fib retrace of Fri's range which was achieved.

2b trade on gu, out +17 when the 15 area held. 85/15 can often be turn points for gu.

Just got back had to pop out. Did get this lh earlier. EJ 1 hr down, 15 min had a hammer, pos close on lower vol and then a neg close doji. Suggesting buyers not yet interested. 5 min had had lower highs, lower lows and we were still on lh. Target was RN out +16 when that failed to reach.

Pips is pips!! I have to stay in longer, had a tough few weeks though missing entries which snow balled to a minor crisis in confidence. Just happy to bank some. Took a while to just calm down to a panic, system works, whats a tough week or two in big pic - nothing. Nicely back on track now.

1hr dragonfly doji which could not break high of prev positive close candle. 15 min LO dragonfly doji also. Sold the shooting star lh, little lower wick. Target 50 psych level out a little early.

Cheers I have brought in CRB's and Mrs V (or should I say Mrs Snow Dog?) likes a lot. I'm not totally convinced if its better than 1 min. In trend CRB's get good reactions to levels I must say. Anyway missed the trade at the top, nice lh on 7RB chart, out +17 after stall.

These are constant range bars that I have used, not sure if I will continue with them or use 1 min as before. They are a little different from Renko bars. CRB's form over the chosen number of pips and candles can overlap, I chose &RB's. Renko it seems does not allow candles to overlap they have no wick and only build up or down.

We missed the 2b sell below 5425 level on the 7RB chart. The multi bottom earlier 5355 with CII divergence buy was a little early for us. Nice set up though. We took this lh and just waited for DO 5392 to clear. Exit +24 when 5360 held a few times.

CII divergence on 1hr, 30 min, 15 min and 5 min. Dble top, 15 min doji. Entry taken when 7RB showed div and neg close. Target run down to 50 level. I had to pop out and missed the perfect system lh trades that followed

We sold the 2b set up right at the top but as is usually the case got out at BE when we hit +8/9 a couple of times and it seemed like it just didn't want to go. Entered a little later again. This was against pos close 15 min candles but 15 min had upper wick and the vol in move up on 5 min clearly falling away. The res area is clearly shown on 5 min at the 5565 W pivot. The 7RB entry was there but showing the 5 min as for us it just seemed to show the res area clearer. Exit at psych level +23. We then had a later re-entry 7RB lh below psych level exited for small loss when it never followed through.

I wasn't in front of computer for this one. EJ almost gets to 106, and bounces some 70 pips. Then it falls to 25 level and the bounces get smaller and smaller. Smaller bounces from a level is a high prob signal that the level will fail. When the right set up occurs, 1hr down, 15 min down, 5 min lh with little/low lower wick on set up candle there's a good chance its going to break through. If you got in earlier bounces and got out keep going if bounces are smaller. Its amazing how often these set ups occur and work out.

We had a -4 re-entry on gu and missed ej running its stops. Did get this lh pullback to psych level for +33. I have some trade rules for 7RB but nothing formal to confirm a strategy. I have made some notes on the blog on this Vantage fx and there will be more to come no doubt.

No trades yesterday. GU We did not take 30 min 2b buy set up as we wanted to stay with trend. 15 min had a high vol hammer. I don't know how much this is stretching the rules. 5 min chart, vol is falling off on the move up to 25 psych level. In the big picture we're still on a lh, however we are running above the last 5 min lh with a few pips. FH half hour reversal time. We took the trade FH reversal, low vol move up against the trend, psych level break failed, supp/res level obvious, a 2b possible set up on the last high 8 candles earlier (5 min chart). Exit when break below RN hesitated and my auto +20 bank indi (Mrs V) was going crazy, +23.

My understanding is that its the tick data. The normal mt4 volume indi. There is lots of good vol spread analysis info out there. Even if YOU DON"T believe vol info is reliable (I believe it is actually as same patterns repeat over and over - coincidence??) for forex it WILL (I believe) help with your candlestick analysis. Some rec tradeguider but I find fxpro is good and comparable to tradeguider and free. Cheers

Playing around with CII indi which is good on divergence in particular for 2b trades.

Had 2 days of no trades and got a little lazy posting. Some (not all) trades from Y and today.

Around LO we had a high vol shooting star on 15 min, a push down and another high vol push up. That never followed through. 1st sell the lh at 5623, 2nd sell 5584 nice lh below the RN. This was 3rd sell of the day, exit target the 50 psych level. All in all a great morning for system.

This was a right shoulder sell on 7RB chart, nice run down to 25 level.

I have been looking at constant range bars (7 pip setting) over the last few days. Very interesting and will continue to consider, at the moment I've ditched 1 min chart in my set up for 7RB.

Couple of nice trades yesterday and today started well. 1st trade of day, gu 15 min moved up then a squat bar that couldn't break higher. 5 min DT high vol shooting star, out +21 when RN held.

I have updated blog Vantage fx for this system trade. Cannot update 1st post here. 4)A 2b reversal trade which is a variation of the 123 top/bottom and is also an indication of a test and failure. "In an uptrend, if prices penetrate the previous high but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. The converse is true for downtrends." [Vic Sperandeo in "Trader Vic: Methods of a Wall Street Master"]

Mrs V then did a 1 min re-entry for -13. We also had an ej trade for +10 that we banked when it stalled at first key level.

1st trade of day. 1hr down, 15 min down on higher vol, 5 min lh shooting star. Nice system sell closed at 75 for +20. Just exit before poss frankies half hour reversal and at Asian session lows.

Took this lh sell. 2 x 15 min shooting stars, the 2nd one on lower vol. 5 min shooting star. Darn it just missed our exit we were looking for it to get to pivot/25 and missed with 4 or 5 pips. Out at BE after getting to +15.