Buy above yesterday high sell below yesterday low
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Thread: Buy above yesterday high sell below yesterday low

  1. #1
    Buy above high sell below low.


    Stop loss and take profit - up for you

  2. #2
    Quote Originally Posted by ;
    Buy above yesterday high sell below yesterday low. Find what work for you SL and TP degree. Im testing gbpusd
    I'm not sure what you are trying to do with this thread but... What you are saying can be quite readily programmed into an EA so that you may want to look into that for testing purposes.

  3. #3
    Quote Originally Posted by ;
    quote I am unsure what you are attempting to do on this particular thread but... What you are saying can be very easily programmed to an EA so you may want to look into this for testing purposes.
    The threat is just because of my entretenimiento.
    I hear that you can earn money just using this simple idea .
    Place a buy stop over place sell stop below reduced risk 500 per lot or 15% of funds or loe your very best exit stoploss tp idea.

  4. #4
    my trick to the notion is to use the first 15 m available range bar to input prior to the prior day high low price is attained .
    I discovered an indior to show the initial 15 bar open high low but it doesn't work.

    https://www.forexsoutheast.asia/atta...1882724599.ex4
    https://www.forexsoutheast.asia/atta...1914717090.mq4

  5. #5
    Quote Originally Posted by ;
    Buy above high sell below low. Find what better function for you SL and TP degree. Im analyzing gbpusd
    Here is a small tip for you, Price always returns to the expression, mostly which will be represented by the 20 SMA

    Watch for a closed to the Daily that is above the prior day's High when under the 20 SMA or

    a Close to the Daily that is below the prior day's Low when above the 20 SMA

    Most frequently that will give some pips if you're able to read basic Price Action

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

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

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

    Remember: await the Close, very important, don't have FOMO - Stress Of Missing Out


  6. #6
    Quote Originally Posted by ;
    quote Here is a small tip for youpersonally, Price always returns to the expression, largely that will be represented with the 20 SMA Watch for a Close on the Daily that's above the prior day's High after below the 20 SMA or a Close on the Daily that's below the prior day's Low when above the 20 SMA Most often that will give some pips if you're able to read fundamental Price Action In the event of price above the 20 SMA, see for a Close above the preceding 2 day's Highs to re-join a fad or below the 20 SMA, watch for a Close below the preceding 2 day's Lows to re-join...
    good tip.Thank you .

    I believe that buying above only 1 close above previous day's thigh/low mwill get you back in the fashion at the right time instea of awaiting two preceding bar high/low


  7. #7
    There are really only two options. .
    The price will bounce or break out of the yesterdays high/low.

    However even without looking at charts, in the event the price today at any given moment is greater than yesterdays maximum price. Doesn`t that inform you allot about power weakness ?

  8. #8

  9. #9
    However, in an ever-changing global market, one would have to use countermeasures in order to account for variations of what PA can be/do following your,Buy above yesterday['s] sell below yesterday['s] low. Which countermeasures do you use?

  10. #10
    Quote Originally Posted by ;
    quote good tip.Thank you . I believe that buying above just 1 close over preceding day's high/low will return into the trend at the right time Rather than waiting for two preceding bar high/low
    Read my article again, the close above 2 days highs applies if the price is ABOVE the 20 SMA and trying to re-join the up trend

    Along with the contrary for the short trade below the 20 SMA

    Your example reveal the first instance or reversal trade entry since I stated:

    When price is below the 20 SMA, along with the Close is over the High, enter a commerce

    As well as the reverse for the short trade over the 20 SMA

    However, You may use any method in your discretion

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