What do you know.... straight back down again off of 50% fib level.

Higher low, lower high system

Exactly what is not coming up? Do you have bars moving on offline chart?

Higher low, lower high system

No price action setup as far as LH goes, clearly a resistance zone on the chart however.

Higher low, lower high system

EU is being rejected off of similar region nicely.

Higher low, lower high system

Out of interest let see if EJ can make this resistance zone around the 50% level previous support zone. Price action in this region will allow a decent short setup I suspect. Very nice bottom reversal pattern.

Higher low, lower high system

That about sums it up. Good Trading to all. +103 Pips today +54% Increase in overall Equity.

Higher low, lower high system

Bottom Reversal Pattern... exactly the same as vantage's bottom reversal pattern... When trading the bottom reversal pattern... ensure you have a good exit and do not attempt to hold onto and hope it keeps going. Note my exit region on the chart ...

Higher low, lower high system

EU 15R chart

Higher low, lower high system

No idea how good these indicators are by the way... they look pretty though.

Higher low, lower high system

No-one said trading was easy

Higher low, lower high system

If price drops below the high of this candle good chance it will continue to downside. One thing you need to watch out for when attempting to trade reversal patterns. Obviously above the high of the resistance candle away it goes.

Higher low, lower high system

Reversal Pattern... Low probability pattern, however as price gets closer to the Average Daily Range pay attention to these patterns if they present and especially if they present next to a round number.

Higher low, lower high system

Need confirmed HL before any reversal will happen...

Higher low, lower high system

This is what a reversal pattern looks like... however the problem is the R:R is not good in most cases.. however on some instances the short covering or profit taking occurs fast and rapid giving you profits really quickly and in a short space of ...

Higher low, lower high system

EJ is a mover and has good volatility so I like it. However pound is also good in london session. I have yet to find a purely mechanical way of exiting a position, however a good way to exit is at a 2:1 r:r

Higher low, lower high system

Exactly.

Higher low, lower high system

Some examples of the trades I've taken today. You can see the first trade for today would of been a very nice winner if i let it run.

Higher low, lower high system

This pattern he calls the top reversal pattern... i call the continuation pattern which is essentially the same thing except the pattern appears in a down trend after the initial move has happened. Then the pattern presents and short again.

Higher low, lower high system

Following the way price is going normally and look for pull back and then trade the continuation based on bar patterns, with the odd counter trend trade thrown in. The first two charts that Vantage has posted on the first thread basically describe ...

Higher low, lower high system

Lots of divergence on macd around this level. Not that divergence really plays too much of a role as price action is the main determining factor for me. HL, LH etc. Appears this one may not work out to well...

Higher low, lower high system