[Snow Dog]

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"]

[Snow Dog]

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.

[Snow Dog]

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.

[Snow Dog]

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

[Snow Dog]

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.

[Snow Dog]

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

[Snow Dog]

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

[FulcrumTrader]

Originally Posted by Snow Dog »

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.

What is the VOLUME subgraph on your chart based from.....just uptick/downtick action right (no actual traded volume info)?

TIA!