Daily high low forex

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Forecast of daily high and low.
Each day in the forex market, there are at least 2 guarantees for the price of each pair;
Guarantee 1- There is going to be a high of the day.
Guarantee 2- There is going to be a low of the day.
At the beginning of each trading day, an accurate forecast for the high and low could give any trader a very well established outlook of what may occur during that trading day, and also when to exit a trade for maximum profit.
Because everything in the forex is based on number figures, mathematical calculations and formulas, a strive began many moons ago to develope a new formula that could determine the potential high and low of each trading day.
This formula has been discovered. The formula provides 3 levels, with one being the most potential and consistent.
The formula also provides 1 to 2 power levels that last the entire week which can also serve as a top or bottom for any given day of that particular week.
Although, I'm not able to deliver the formula to any person for secrecy sake, I can deliver each day the forecast for a few pairs to this forum group.
The first forecast delivery is to between June 27, 2010 and July 4, 2010; within 1 or 2 hours of the open. Date to be determined due to other obligations.
These forecasts are going to be delivered for 1 to 2 months, and may or may not continue after that.
This is for generosity sake. Perhaps during these next months, I am able to assist you in maximizing your profit.
I promise to do my best at helping each of you succeed on your path to/of financial independence.
There are a few details that I must mention that you MUST be very well aware of.
1. These are NOT buy/sell signals. Please do not use them as entry points. Please only use them as a tool for determining when to possibly exit your current trade or when to possibly exit with partial lots.
2. As mentioned above, the forecast gives 3 potential level for the high and low of the day, with one of the levels being the most probable.
2.1 On occasion, only the forecasted high is reached OR only the forecasted low is reached.
2.1 On occasion, such as on a low volume and ranging day, none of the forecasts are reached.
2.3 On occasion, I may change the forecast through-out the day, depending on price action. However, this is rare.
2.4 As mentioned above, the weekly power levels are also included for each day and remain applicable for the entire week. They also serve as potential tops and bottoms.
The power levels are forecasted on either the first or second trading day of the week.
3. These are NOT the regular daily levels, such as pivot, mid-resistance, resistance 1, mid support, camarilla's, fibos, etc.;
so please do not be confused.
4. On occasion, the forecast levels might match other daily levels. That is just coincidence.
5. The forex market can sometimes be very unpredictable. If there is, for example, a surprise news announcement in the middle of the night, please do not anticipate the forecasted levels to stop the freight train.
6. If there are major news announcements during the course of a trading day, the price may or may not stop at the forecasted levels. Sometimes the freight train just wont stop for the forecast level.
7. The open price of Sunday night (EST) can sometimes be several pips higher or lower than the closing price of Friday. Because of these invisible swings and invisible price actions of candles, the forecast becomes more difficult to formulate. Please bare with me during those times. I promise to do my best.
8. Fridays tend to have less volume toward the end of the day, so the forecasted level may not be reached. But the price may come close. Typically though, one of the forecasted levels is reached.
9. Each pair has it's own variation of the formula. This is because some pairs are very erratic and volatile such as the gbp/jpy, while others are calm and smooth, such as the eur/usd.
10. Because of the items mentioned in point 9, occasionally some pairs, such as gbp/jpy, wont agree with their forecasted high or low.
Please bare with me with my forecast of these pairs as we all know how erratic they tend to be. I promise to do my best.
11. Because of the items mentioned in point 9 and 10, I have developed a difficulty rating system. Each pair of the forecast receives a difficulty rating. The higher the rating, the more challenging the pair is to forecast.
Therefore, proceed with caution if you choose the higher difficulty pairs.
12. Often, the price can stop to the exact pip of the forecast, or come within or cross over a few pips of the forecasted level, depending on the currency pair , volatility, and overall conditions.
GodSpeed to all.
I use the daily high and low as my breakout points.
I use the daily high and low as my breakout points.
Do you mean the previous days high and low? Those are historical levels and have no meaning to the forecasted levels.
Do you mean the previous days high and low? Those are historical levels and have no meaning to the forecasted levels.
i've been using it on GBPJPY and the result is quite good.
freight train is a good analog , we try to hard to tell the forex price movement as pathway, and mover knew that , so we could lose to have to consider where will the one-wheel bike U-turn in each candle.
but you need some experience and gut to trade it like your idea , as the overall will still SHORT, i. e. still loss more than the overall profit -- but I think we could look into it as life could be beautiful if we master it -- very simple methodology - closer to ideal tactics.
June 27 forecast.
Okay gang, here is the forecast for today's high's and low's. See next post for weekly levels.
I'm still working out a few kinks, so bare with me.
I am adding a fourth level to daily forecasts, which I am naming the extreme level. It is very improbable, but possible if there is tons of volume.
I am also adding gold to the list.
I am also adding monthly forecast levels, which shall begin at the start of next month.
There is only one major news announcement today and that is at 8:30 EST.
This may or may not affect the forecast.
PS - There are many numbers to calculate and levels to post, and I am going to double and triple check this entire post for errors. If I see something, I am going to add a correction post after this one. I double checked everything already and so far, the forecast levels look good.
LESS PROBABLE HIGH - 1.5128.
MOST PROBABLE HIGH - 1.5190.
LESS PROBABLE HIGH - 1.5222.
LESS PROBABLE LOW - 1.5018.
MOST PROBABLE LOW - 1.4955.
LESS PROBABLE LOW - 1.4924.
LESS PROBABLE HIGH - 1.2427.
MOST PROBABLE HIGH - 1.2468.
LESS PROBABLE HIGH - 1.2498.
LESS PROBABLE LOW - 1.2352.
MOST PROBABLE LOW - 1.2312.
LESS PROBABLE LOW - 1.2291.
LESS PROBABLE HIGH - 134.93.
MOST PROBABLE HIGH - 135.38.
LESS PROBABLE HIGH - range 135.60 -135.83.
LESS PROBABLE LOW - 134.09.
MOST PROBABLE LOW - 133.63.
LESS PROBABLE LOW - range 133.41 - 133.18.
LESS PROBABLE HIGH - 0.8794.
MOST PROBABLE HIGH - 0.8841.
LESS PROBABLE HIGH - range 0.8865 - 0.8888.
LESS PROBABLE LOW - 0.8711.
MOST PROBABLE LOW - 0.8663.
LESS PROBABLE LOW - 0.8640.
LESS PROBABLE HIGH - 89.51.
MOST PROBABLE HIGH - 89.59.
LESS PROBABLE HIGH - 89.82.
LESS PROBABLE LOW - ALREADY REACHED ( 89.26)
MOST PROBABLE LOW - 89.14.
LESS PROBABLE LOW - 88.81.
LESS PROBABLE HIGH - 1.0952.
MOST PROBABLE HIGH - 1.0987.
LESS PROBABLE HIGH - 1.1014.
LESS PROBABLE LOW - ALREADY REACHED ( 1.0895)
MOST PROBABLE LOW - 1.0864.
LESS PROBABLE LOW - 1.0847.
LESS PROBABLE HIGH - 1.0372.
MOST PROBABLE HIGH - 1.0402.
LESS PROBABLE HIGH - 1.0425.
( NOT LIKING WHAT I AM SEEING FOR THESE CALCULATIONS, BUT LETS GIVE IT A SHOT ANYWAYS)
LESS PROBABLE LOW - 1.0319.
MOST PROBABLE LOW - 1.0289.
LESS PROBABLE LOW - 1.0260.
LESS PROBABLE HIGH - OPEN PRICE (63.84)
MOST PROBABLE HIGH - 64.40.
LESS PROBABLE HIGH - 64.86.
LESS PROBABLE LOW - 63.30 (ALREADY REACHED)
MOST PROBABLE LOW - 62.89.
LESS PROBABLE LOW - 62.68.
LESS PROBABLE HIGH - ALREADY REACHED (82.37)
MOST PROBABLE HIGH - 82.61.
LESS PROBABLE HIGH - 82.85.
LESS PROBABLE LOW - 82.10.
MOST PROBABLE LOW - 82.06.
LESS PROBABLE LOW - 81.79.
LESS PROBABLE HIGH - 0.9088.
MOST PROBABLE HIGH - 0.9098.
LESS PROBABLE HIGH - 0.9168.
LESS PROBABLE LOW - 0.9025.
MOST PROBABLE LOW - 0.8990.
LESS PROBABLE LOW - 0.8973.
EXTREME - 0.8956 OR 0.8921.
LESS PROBABLE HIGH - 1260.25.
MOST PROBABLE HIGH - 1261.88.
LESS PROBABLE HIGH - 1272.56.
LESS PROBABLE LOW - 1250.87.
MOST PROBABLE LOW - 1245.41.
LESS PROBABLE LOW - 1242.72.
Forecast difficulty rating system. 1 - 5 with 5 being most challenging to forecast.
Gold daily forecast correction.
less probable high - 1260.25.
most probable high - 1261.88.
less probable high - 1267.18.
Correction to eur/gbp.
(Always triple check)
I multiplied by 100 and also input a few other numbers incorrectly.
Here is the revised and corrected forecast.
LESS PROBABLE HIGH - 0.8236 (ALREADY REACHED)
MOST PROBABLE HIGH - 0.8259.
LESS PROBABLE HIGH - 0.8283.
LESS PROBABLE LOW - 0.8213.
LESS PROBABLE LOW - 0.8191.
MOST PROBABLE LOW - 0.8184.
Weekly forecasts for june 27 - july 2.
Weekly forecast june 27 - july 2.
not to be confused with daily foracasts.
still working out kinks on these.
these are less likely than daily forecasts.
triple checking after posting. Corrections posted later if necessary.

Strategy Series, Part 4: The HI-Low Breakout.
by Walker England.
Position Traders can Trade Breakouts Use Channels for Support & Resistance Using a trail can allow a position to lock in profit with the trend.
There are virtually limitless trading strategies for a variety of trading environments and time constraints. This is good news because whether you have a few minutes or a few hours a week to invest in trading, you can still participate in the Forex market. In our previous strategy session, we reviewed day trading with short term time frames using the “ CCI Swing ” strategy. Today we will continue our conversation, by reviewing a position trading strategy for long term traders using the “Hi-Low Breakout” for trending markets. Let’s get started!
Find the Daily Trend.
The “HI-Low Breakout” approach is designed to find entries with the trend when price breaks from a key point of support or resistance. Since we will be selling in a downtrend and buying in an uptrend, the first task of this strategy is to find the trend. To begin traders will need to identify the primary trend on a Daily chart. A 200 MVA (Simple Moving Average) will be used for this, similar to the previously mentioned “ CCI Swing ” strategy. At this point, traders should note whether price is above or below the MVA.
Below we can see an example of the 200 MVA at work on a GBPUSD Daily chart. The trend is considered to be down because price is below the 200 MVA. Keep this in mind, because if prices were instead above the 200 MVA the pair would be considered in an uptrend. Once the primary trend is found, keep this information in mind as we move forward and consider market entries.
Identify Support & Resistance.
Donchian Channels are a technical tool that can be applied to any chart. Their primary use is to pinpoint current levels of support and resistance by identifying the high and low price on a graph, over a selected number of periods. For today’s “Hi-Low Breakout” strategy we will be using 20 periods on a daily chart. This means that the channels will be used to identify the current 20 day high and low price. You can see these channels displayed in the graphic below, and this information will be carried over for our entry strategy.
Now that we have identified both the trend and support & resistance, it is time to plan an entry into the market. In a downtrend (price under the 200MVA), entry orders to sell the market should be placed one pip under the 20 day low. The idea is, when support is broken in an uptrend traders will look to sell. Conversely, in an uptrend traders will look to buy the market one pip above the 20 day high. While traders can opt to trade with market orders on a new high or low, entry orders are preferred here. This way orders can be set, and traders can trade breakouts occurring at any time of day without having to be in front of their computer.
Above, we can see a sample sell signal for the GBPUSD. Before today’s price action, the GBPUSD had a new 20 day low established at 1.5032. This means a sample entry could be placed at 1.5031. As price passed through this value, the entry would be executed effectively selling the GBPUSD.
Managing Risk & Trailing Stops.
Managing your positions is the last, but arguably the most important part of any strategy. When trading the “HI-Low Breakout”, this process can be simplified through the use of the Donchian Channels already identified on our graph. Remember how our pricing channels (representing the 20 Day high or low), act as an area of support or resistance? In an uptrend, price is expected to move to higher highs and stay above this value. If price moves through the bottom channel, representing a new 20 Day low, traders will want to exit any long positions. Conversely in a downtrend, traders will want to place stops orders at the current 20 period high. This way, traders will exit any short positions upon the creation of a new high.
Finally traders will use the Donchian Channels as a mechanism to trail their stop forward. As the trend continues, traders will move their stop down the channel. Trailing a stop in this manner will allow you to update the stop with the position, and lock in profit as the trend continues. In the event that the trend turns, the positons will be closed at a new high (in a downtrend) or low (in an uptrend).
The “HI-Low Breakout” position trading strategy is just one installment of an ongoing article series on market strategies. If you missed one of the previously mentioned strategies, don’t worry! You can catch up on all of the action with the previous articles linked below.
---Written by Walker England, Trading Instructor.
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Daily High Low Forex Trading Strategy.
The daily high low forex trading strategy is based on one simple concept: if price breaks yesterday’s high or low, it will most likely continue in that direction of breakout. So this is a breakout trading strategy.
So how do you trade this then? Well here’s how…
what you do is place 2 pending stop orders (buy stop or sell stop) to catch whichever direction the breakout happens.
Check Out My: Free Price Action Trading Course (no downloads or required)
Currency Pairs: preferably the majors.
Timeframes: Daily but try 4hrs as well if you like.
Indicators: none required but you can download this daily high low forex indicator if you want: Yesterday High & Low v2.0.
20 BREAKOUT FOREX TRADING STRATEGIES YOU MAY ALSO LIKE TO KNOW…
TRADING RULES FOR DAILY HIGH LOW FOREX TRADING STRATEGY.
When yesterday’s daily candlestick closes, place two pending orders on both sides 2 pips away : one sell stop pending order to catch the breakout downward and one buy stop pending order to catch the breakout upwards. place your stop loss halfway distance of that closed daily candlestick. for take profit target, average the last 3 days range and use that as your profit targets. For example, if day 1 daily candle range (high-low)was 100 pips, day two had 150 pips and day 3 had 90 pips, then the average of these three days would be 113 pips. So 113 pips should be set as your take profit target.
ADVANTAGES OF THE DAILY HIGH LOW FOREX TRADING STRATEGY.
set and forget type of forex trading system where you only need to check once a day and see how your trade is progressing. this is a forex trading system for beginners because its easy to use and understand. this trading system stops you from over trading because seriously, less is more in trading. Why? Because if you take 10 trades in a day using smaller timeframes, you are most likely to suffer a lot of losses compared to taking only one trade based on the daily candlestick.
DISADVANTAGES OF THE DAILY HIGH LOW FOREX TRADING STRATEGY.
large stop loss distances so use position sizing to minimize your risk. all forex trading strategies as usual have limitations and this system is no exception so expect trading losses because sometimes the market will activate one pending order and next thing you know, price is going to opposite direction heading for your stop loss!
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