Welcome to Baby Pips
have you done the school? If not work your way through it many of your question will be answered.
A HL or LH
Its just what it sounds like. A higher low is a swing low that is higher up the chart then the last swing low. A swing low is a point that is lower then price immediately before and after that point. You can not define a swing point as it happens its only apparent after some time has passed. A Bill Williams Fractal will show you a swing point generally. The Fractal indicator that comes with MT4 will draw fractals on your chart. A Fractal is a 5 candle pattern a Fractal can not be established until the 3rd candle after the low or high point. If you put the indicator on a 1 min chart you will see the indicator appear and disappear as the chart moves. Once an arrow has stayed on the chart for 2 candles it will not disappear. This is called repainting.
I am tegacollins. A newbie! kindly know that for the next weeks or month I will be bombarding you with questions.
Please what is lower high and higher low and how do we identify them in a trend or chart?
I would simply recommend that you zoom out on your favourite price chart. Make the candles very skinny, so that you can see a maximum amount of price history information. You'll start to see very definite zig zag patterns up and down and I think your identification will be much more intuitive
Generally you are looking for a higher high/higher low pattern for Buy signals, and a lower low, lower high pattern for Sell signals.
Here's an example from a recent 15M GBP/USD chart: