Buy above yesterday high sell below yesterday low | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Difference between buy/sell stops & buy/sell limits 34 replies

Difference between buy limit, sell limit, buy stop, & sell stop? 4 replies

how to change buy to sell, sell to buy for EA 1 reply

the buy/buy or sell/sell currency broker?? 5 replies

I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies

Attachments: Buy above yesterday high sell below yesterday low
Exit Attachments

Buy above yesterday high sell below yesterday low

  • #1
  • First Post: Edited Mar 6, 2018 3:32pm Oct 29, 2017 5:09pm | Edited Mar 6, 2018 3:32pm
Buy above yesterday high sell below yesterday low.


stop loss and take profit - up to you
As with any system or strategy, it is not 100%
  • #2
  • Oct 29, 2017 5:20pm Oct 29, 2017 5:20pm
Quoting alicia19
Buy above yesterday high sell below yesterday low. find what better work for you SL and TP level. Im testing gbpusd
I'm not sure what you're trying to do with this thread but... What you're saying can be very easily programmed into an EA so you might want to look into that for testing purposes.
  • #3
  • Oct 29, 2017 5:59pm Oct 29, 2017 5:59pm
Quoting AntiVi
{quote} I'm not sure what you're trying to do with this thread but... What you're saying can be very easily programmed into an EA so you might want to look into that for testing purposes.
the threat is just for my entretenimiento.
I hear that you can make money just using this simple idea .
place a buy stop above yesterday high place sell stop below yesterday low risk 500 per lot or 15% of capital or find your best exit stoploss tp idea.
As with any system or strategy, it is not 100%
  • #4
  • Oct 29, 2017 6:52pm Oct 29, 2017 6:52pm
my trick to this idea is to use the first 15 m open range bar to enter before the previous day high low price is reached .
I found an indicator to show the first 15 bar open high low but it does not work.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 42 KB
Attached File(s)
File Type: ex4 15minHiLow.ex4   12 KB | 922 downloads
File Type: mq4 15minHiLow.mq4   5 KB | 960 downloads
As with any system or strategy, it is not 100%
  • #5
  • Oct 30, 2017 5:56am Oct 30, 2017 5:56am
Quoting alicia19
Buy above yesterday high sell below yesterday low. find what better work for you SL and TP level. Im testing gbpusd
Here is a little tip for you, Price always returns to the mean, mostly that will be represented by the 20 SMA

Watch for a Close on the Daily that is above the previous day's High when below the 20 SMA or

a Close on the Daily that is below the previous day's Low when above the 20 SMA

Most often that will give some pips if you can read basic Price Action

In the case of price above the 20 SMA, watch for a Close above the previous 2 day's Highs to re-join a trend or

below the 20 SMA, watch for a Close below the previous 2 day's Lows to re-join a trend

How long can you hold a trade? As you mention, stop loss and take profit - up to you

Remember: wait for the Close, very important, do not have FOMO - Fear Of Missing Out

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-30_20-43-41.png Size: 56 KB
It takes a lot for me to IGNORE you, but you can try.
  • #6
  • Edited 6:30am Oct 30, 2017 6:01am | Edited 6:30am
Quoting Erebus
{quote} Here is a little tip for you, Price always returns to the mean, mostly that will be represented by the 20 SMA Watch for a Close on the Daily that is above the previous day's High when below the 20 SMA or a Close on the Daily that is below the previous day's Low when above the 20 SMA Most often that will give some pips if you can read basic Price Action In the case of price above the 20 SMA, watch for a Close above the previous 2 day's Highs to re-join a trend or below the 20 SMA, watch for a Close below the previous 2 day's Lows to re-join...
great tip.Thank you .

I think that buying above just 1 close above previous day's thigh/low mwill get you back in the trend at the right time instea of waiting for 2 previous bar high/low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23aaa.png Size: 38 KB
Click to Enlarge Name: 24.png Size: 33 KB
As with any system or strategy, it is not 100%
  • #7
  • Oct 30, 2017 6:36am Oct 30, 2017 6:36am
Well there are really only two options..
The price will either bounce or break from the yesterdays high/low.

However even without looking at charts, if the price today at any given moment is higher than yesterdays maximum price. Doesn`t that tell you allot about todays strength weakness ?
The truth is hidden from you
  • #8
  • Oct 31, 2017 3:28am Oct 31, 2017 3:28am
EURGBP sell signal
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 39 KB
As with any system or strategy, it is not 100%
  • #9
  • Oct 31, 2017 3:54am Oct 31, 2017 3:54am
However, in an ever-changing global market, one would have to use countermeasures in order to account for "all" known variations of what PA can be/do following your,"Buy above yesterday['s] high sell below yesterday['s] low". Which countermeasures do you use?
  • #10
  • Nov 1, 2017 9:26pm Nov 1, 2017 9:26pm
Quoting alicia19
{quote} great tip.Thank you . I think that buying above just 1 close above previous day's high/low will get you back in the trend at the right time instead of waiting for 2 previous bar high/low
Read my post again, the close above 2 days highs applies when the price is ABOVE the 20 SMA and trying to re-join the up trend

And the opposite for the short trade below the 20 SMA

Your example show the first instance or reversal trade entry as I stated:

When price is below the 20 SMA, and the Close is above the High, enter a trade

And the opposite for the short trade above the 20 SMA

But you may use any method at your discretion
It takes a lot for me to IGNORE you, but you can try.
  • #11
  • Nov 1, 2017 9:36pm Nov 1, 2017 9:36pm
Quoting Erebus
{quote} Read my post again, the close above 2 days highs applies when the price is ABOVE the 20 SMA and trying to re-join the up trend And the opposite for the short trade below the 20 SMA Your example show the first instance or reversal trade entry as I stated: When price is below the 20 SMA, and the Close is above the High, enter a trade And the opposite for the short trade above the 20 SMA But you may use any method at your discretion
Sound good.
I think that this idea is more agresiva and goes better with my style.:
{qouteMaxenshteinD
=}However even without looking at charts, if the price today at any given moment is higher than yesterdays maximum price. Doesn`t that tell you allot about todays strength
Attached Image (click to enlarge)
Click to Enlarge Name: ####11117aaa.png Size: 6 KB
As with any system or strategy, it is not 100%
  • #12
  • Nov 2, 2017 5:59am Nov 2, 2017 5:59am
Quoting alicia19
Using Daily chart Buy above yesterday high . Sell below yesterday low. {image} {image}
Hi Alicia please can you share your arrow indicator for the daily timeframe,and those moving averages are they 50/200 expo or simple.Please reply
  • #13
  • Nov 2, 2017 6:52am Nov 2, 2017 6:52am
Quoting Slingshots1
{quote} Hi Alicia please can you share your arrow indicator for the daily timeframe,and those moving averages are they 50/200 expo or simple.Please reply
20 SMA XOVER 89 SMA
Attached File(s)
File Type: zip #ILLEGAL IMMIGRANT ARE GOOD.zip   139 KB | 759 downloads
As with any system or strategy, it is not 100%
  • #14
  • Nov 2, 2017 7:08am Nov 2, 2017 7:08am
Quoting alicia19
{quote} 20 SMA XOVER 89 SMA {file}
GRACIAS
  • #15
  • Nov 2, 2017 7:32am Nov 2, 2017 7:32am
Quoting alicia19
You need to trick the BO =learn when the BO could fail {image}
Where is this trading lining up now? Within the picture, it shows that you have shorted, at what is the low of today's price action at the time. Now, being you don't have a sl, where would it be in this case?

Attached Image (click to enlarge)
Click to Enlarge Name: explain.PNG Size: 105 KB


So the green line is where you shorted! Clearly the yellow price is where it is now.
  • #16
  • Nov 2, 2017 7:37am Nov 2, 2017 7:37am
However, I must say that your use of the MA lines and two of them at that, is going to lead you to finding very nice patterns and accurate entries my friend. I use double MA lines and depending on when they cross andthe time it takes to cross is how I determine entry.
  • #17
  • Edited 3:37pm Nov 7, 2017 2:53pm | Edited 3:37pm
previous week's High ,low and open.
Current day high,low and open
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 52 KB
Attached File(s)
File Type: zip #####RESULT Y NASDAQ.zip   198 KB | 768 downloads
As with any system or strategy, it is not 100%
  • #18
  • Edited 1:10pm Nov 9, 2017 11:17am | Edited 1:10pm
I think that i got it now.
i know wich systemm to use.
Attached Image (click to enlarge)
Click to Enlarge Name: ###11082017 results.png Size: 50 KB
As with any system or strategy, it is not 100%
  • #19
  • Nov 12, 2017 7:07pm Nov 12, 2017 7:07pm
https://www.forexfactory.com/showthr...9#post10481869 dear alicia19 some more work done in this file.. if any other will work for that erebus idea then it will be sound more better ...
Success is a Journey Not a Destination....... kind regards ramzam
  • #20
  • Nov 12, 2017 8:31pm Nov 12, 2017 8:31pm
[quote=ramzam;10486022]
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 10.png Size: 45 KB
As with any system or strategy, it is not 100%
0 traders viewing now