Taking advantage of all time lows/highs | Forex Factory

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Taking advantage of all time lows/highs

  • #1
  • First Post: Edited Jan 2, 2017 9:28pm Dec 23, 2016 10:33pm | Edited Jan 2, 2017 9:28pm
TAKING ADVANTAGE OF "ALL TIME HIGH/LOW" PRICES.

The first thing to check when contemplating on trading any Forex pair is whether it is at all time high or low. If it is at all time low and the M1 SMA-3 is pointing upward, you lock in a long trade of one lot or more and leave it alone. If it is showing an all time high and M1 SMA-3 is pointing down, you lock in a short trade of one full lot or more and leave it alone. Follow the position until SMA-3 shows a clear trend reversal, then you trade double the number open lots in opposite direction and continue following.

See charts below:

The goal is to buy or sell as soon as the 'Lo' or 'Hi' appears on the chart and maintain the same trade direction until any of them appears again.

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Mecrandie
  • #2
  • Jan 2, 2017 9:50pm Jan 2, 2017 9:50pm
Quoting mecrandie
TAKING ADVANTAGE OF "ALL TIME HIGH/LOW" PRICES. The first thing to check when contemplating on trading any Forex pair is whether it is at all time high or low. If it is at all time low and the M1 SMA-3 is pointing upward, you lock in a long trade of one lot or more and leave it alone. If it is showing an all time high and M1 SMA-3 is pointing down, you lock in a short trade of one full lot or more and leave it alone. Follow the position until SMA-3 shows a clear trend reversal, then you trade double the number open lots in opposite direction and...
TAKING ADVANTAGE OF "ALL TIME HIGH/LOW" PRICES.

The first thing to check when contemplating on trading any Forex pair is whether it is at all time high or low. If it is at all time low and the M1 SMA-3 is pointing upward, you lock in a long trade of one lot or more and leave it alone. If it is showing an all time high and M1 SMA-3 is pointing down, you lock in a short trade of one full lot or more and leave it alone. Follow the position until SMA-3 shows a clear trend reversal, then you trade double the number open lots in opposite direction and continue following.

See charts below:

The goal is to buy or sell as soon as the 'Lo' or 'Hi' appears on the chart and maintain the same trade direction until any of them appears again.

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Mecrandie
  • #3
  • Jan 3, 2017 5:58am Jan 3, 2017 5:58am
Quoting mecrandie
TAKING ADVANTAGE OF "ALL TIME HIGH/LOW" PRICES. The first thing to check when contemplating on trading any Forex pair is whether it is at all time high or low. If it is at all time low and the M1 SMA-3 is pointing upward, you lock in a long trade of one lot or more and leave it alone. If it is showing an all time high and M1 SMA-3 is pointing down, you lock in a short trade of one full lot or more and leave it alone. Follow the position until SMA-3 shows a clear trend reversal, then you trade double the number open lots in opposite direction and...
Hey, very nice insight and I am really interested in this style except that I would like to take partial profits along the way. Don't like big retracements wiping the profits or maybe one can incorporate a counter trend system to trade the retraces.
Also one would need a sort of alerting system for when the markets reach those Hi/Lo levels.

What do you think?
Great thread this would be by the time people see its relevance and the peace of mind it would give.
Pls don't stop posting, subscribed!
  • #4
  • Jan 3, 2017 11:05am Jan 3, 2017 11:05am
Quoting RapzyFX
{quote} Hey, very nice insight and I am really interested in this style except that I would like to take partial profits along the way. Don't like big retracements wiping the profits or maybe one can incorporate a counter trend system to trade the retraces. Also one would need a sort of alerting system for when the markets reach those Hi/Lo levels. What do you think? Great thread this would be by the time people see its relevance and the peace of mind it would give. Pls don't stop posting, subscribed!
RapzyFX,
You have just put a smile on my face this new year. There is room for individual modification of this strategy. But the big challenge is being able to make no adjustments.Avoid fx pairs that have history of large retracements. Any time you make a panic move you lose the all time high or low Tp you locked in. Right now GBP/NZD is a good candidate for lock-in-and--go. Good luck with your trading.
Mecrandie
  • #5
  • Jan 3, 2017 11:25am Jan 3, 2017 11:25am
Trying to catch falling knives or standing in front of a moving train can be very dangerous,trade with caution.
100% KENYAN.
  • #6
  • Jan 3, 2017 8:46pm Jan 3, 2017 8:46pm
Quoting mecrandie
{quote} RapzyFX, You have just put a smile on my face this new year. There is room for individual modification of this strategy. But the big challenge is being able to make no adjustments.Avoid fx pairs that have history of large retracements. Any time you make a panic move you lose the all time high or low Tp you locked in. Right now GBP/NZD is a good candidate for lock-in-and--go. Good luck with your trading.
Great thanks for the reply and heads up on GN but it has gone far up for now,about 10000 points (1000pips) from the Low. Will wait to get a better entry. If it gives me that opportunity.

Cheers
  • #7
  • Jan 4, 2017 11:51am Jan 4, 2017 11:51am
Quoting RapzyFX
{quote} Great thanks for the reply and heads up on GN but it has gone far up for now,about 10000 points (1000pips) from the Low. Will wait to get a better entry. If it gives me that opportunity. Cheers
Here is the All Time Low Chart for GN

Attached Image


It is still a good time to lock in a long trade and ride the upward wave. The is actually the place you want to catch any Forex pair.
Mecrandie
  • #8
  • Jan 20, 2017 5:49pm Jan 20, 2017 5:49pm
Hi mecrandie
What are you going to do with GN now?
Do you trade only at the end of month?

Cheers
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  • #9
  • Jan 20, 2017 6:11pm Jan 20, 2017 6:11pm
Quoting mecrandie
TAKING ADVANTAGE OF "ALL TIME HIGH/LOW" PRICES. The first thing to check when contemplating on trading any Forex pair is whether it is at all time high or low. If it is at all time low and the M1 SMA-3 is pointing upward, you lock in a long trade of one lot or more and leave it alone. If it is showing an all time high and M1 SMA-3 is pointing down, you lock in a short trade of one full lot or more and leave it alone. Follow the position until SMA-3 shows a clear trend reversal, then you trade double the number open lots in opposite direction and...
How many years have you been doing this method?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10
  • Jan 21, 2017 6:25am Jan 21, 2017 6:25am
Quoting kofix11
Hi mecrandie What are you going to do with GN now? Do you trade only at the end of month? Cheers {image}
Hey Kofix11,
Nice to know you are watching GBP/NZD with me. It has been going sideways all month ( SMA-3 weekly) right above the all time low price. But the upward rally has just started, and may go weeks or even months. I won't change my trade direction, until weekly SMA-3 shows a reversal. Let's see what happens by month end.
Mecrandie
  • #11
  • Jan 21, 2017 6:34am Jan 21, 2017 6:34am
Quoting TooSlow
{quote} How many years have you been doing this method?
I started this thread about Q4 last year.
Can you write me a code to enable automatic trade reversal at S1 and R3 across D1,W1 and M1 frames?
Mecrandie
  • #12
  • Jan 21, 2017 7:09am Jan 21, 2017 7:09am
Quoting RapzyFX
{quote} Hey, very nice insight and I am really interested in this style except that I would like to take partial profits along the way. Don't like big retracements wiping the profits or maybe one can incorporate a counter trend system to trade the retraces. Also one would need a sort of alerting system for when the markets reach those Hi/Lo levels. What do you think? Great thread this would be by the time people see its relevance and the peace of mind it would give. Pls don't stop posting, subscribed!
RapzyFX,
Can you get somebody to write a code for automatic reversal at M1-R3 and M1-S1? The will take care of the wish you expressed. I wouldn't worry about minor rtracements. Rather I would avoid pairs with historically deep retracements.
Mecrandie
  • #13
  • Jan 21, 2017 7:26am Jan 21, 2017 7:26am
Quoting TooSlow
{quote} How many years have you been doing this method?
Less than a year on this forum. But I have been monitoring all time highs and lows for over five years.
Mecrandie
  • #14
  • Jan 21, 2017 10:24am Jan 21, 2017 10:24am
Quoting mecrandie
{quote} I started this thread about Q4 last year. Can you write me a code to enable automatic trade reversal at S1 and R3 across D1,W1 and M1 frames?
No.
Not my skill set.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15
  • Jan 21, 2017 3:54pm Jan 21, 2017 3:54pm
Quoting TooSlow
{quote} No. Not my skill set.
Do you happen to know someone who can?
Mecrandie
  • #16
  • Last Post: Jan 21, 2017 8:52pm Jan 21, 2017 8:52pm
Quoting mecrandie
{quote} Do you happen to know someone who can?
There are plenty of "I WILL CODE YOUR EA FOR FREE" threads.
I do not know any EA coders.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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