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HHLL Guide PDF

The document describes a trading strategy called HHLL (Higher High Lower Low). It involves looking for patterns where the price makes a higher high then a lower low. There are buy and sell setup criteria explained. A step-by-step guide walks through identifying the current price action, waiting for the setup to appear after a high or low is broken, determining if it is a buy or sell setup, and placing entry/stoploss/target levels. Examples of the setup and results are shown.

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209 views

HHLL Guide PDF

The document describes a trading strategy called HHLL (Higher High Lower Low). It involves looking for patterns where the price makes a higher high then a lower low. There are buy and sell setup criteria explained. A step-by-step guide walks through identifying the current price action, waiting for the setup to appear after a high or low is broken, determining if it is a buy or sell setup, and placing entry/stoploss/target levels. Examples of the setup and results are shown.

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© © All Rights Reserved
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HIGHER HIGH LOWER LOW

THE MOVEMENT OF HHLL


BUY SETUP

BUY SETUP CRITERIA


Break the Low first, making Lower Low and then break the High to
make Higher High. It will start with L , H , LL and HH.

Buy setup entry level : Entry buy at Low.


Buy setup stoploss level : Stoploss at Lower Low
Buy setup target #1 : Target at High
Buy setup target #2 : Target at Higher High
SELL SETUP

SELL SETUP CRITERIA:


Break the High first, making Higher High and then break the Low to
make Lower Low. It will start with H , L , HH and LL.

Sell setup entry level : Entry sell at High.


Sell setup stoploss level : Stoploss at Higher High
Sell setup target #1 : Target at Low
Sell setup target #2 : Target at Lower Low
STEP BY STEP GUIDE

STEP 1:
Identify what the current price been doing either it on upmove or
downmove. In this chart, it was upmove.
STEP BY STEP GUIDE

STEP 2:
Identify the High , Low and Higher High or Lower Low that the price
currently movement. For simple way to recognize, identify either it
break the High or the Low. In this chart it break the High and it is
called Higher High. No Lower Low appear yet. So the best is wait for
the setup to appear.

Notes:
HIGH is the previous swing high before Higher High.
LOW is the previous swing low before Lower Low.
STEP BY STEP GUIDE

STEP 3:
At this point the price break the Low level. For simple way to
recognize, identify either it break the Low level or not. In this chart it
break the Low level. It is not identify as Lower Low yet until it
pullback. Now the setup for HHLL is complete. This is SELL SETUP as it
make Higher High in the first place.
STEP BY STEP GUIDE

STEP 4:
As the setup is SELL SETUP, entry for sell is at High level. The price do
make a pullback and now Lower Low is valid.
STEP BY STEP GUIDE

STEP 5:
At this stage, 4 lines has to be draw :
i) Draw a stoploss level at Higher High.
ii) Draw an entry level at High.
iii) Draw target #1 level at Low.
iv) Draw target #2 level at Lower Low.

Now the features of exit & entry level for HHLL setup is complete.
STEP BY STEP GUIDE

STEP FINAL:
Make sure to resize a lot if dealing with wide stoploss.
Make sure minimum risk to reward ratio is 1(risk) : 2(reward) or more
Always use stoploss.
Use styles example partial close to reduce the risk.
If target #1 and target #2 range is narrow, just use target #1.
HHLL : SAMPLE OF SETUP
HHLL : SAMPLE OF RESULT

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