FOREX Strategies Forex Strategy, Simple strategy, Forex Trading Strategy, Forex Scalping.
Forex Strategy «High Low»
This forex strategy «High Low» is very simple, but actually it can yield good profits in its trading for traders:
The whole essence of this strategy FOREX shown in the picture:
Description of the Strategy Forex «High Low»:
From 00.00 hours to see the behavior of prices in the selected schedule forex currency pair in the interval Daily.
As soon as the price pierces High or Low previous candles (previous day), enter the market (bargain) under the direction of movement of prices. If you do not want to sit and watch the price, you can set the stop-order: sell stop or buy stop .
Stop-Loss is presenting at the second end candles yesterday.
Then, depending on the situation on the market:
1) if the trend is the movement — to change the position of «zero» and wait for the closing the next day, if the movement continues — just move the stop-loss.
2) if the situation is not defined in the market — or use a trailing stop order for support of their position or simply rearrange the order of «zero» and wait for the closing of the day (at the close of the day, you can just close the warrant). And if you want to open the next (while not necessarily in the same currency pair).
The only drawback of this method of trading — sometimes very large candles — for 100-300 points.
Accordingly, the stop-loss is also produced — 100-300 points.
But if you do not want to risk a lot of money, there is always the possibility of opening a position less fathomable, there are a vast number of dealing centers , which allow to trade as a micro-lots, and on tsentovyh accounts.
In doing so, you’ll risk less …
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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!
You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. – Peter Lynch.
Because Sharing is Caring, It would mean the world to me if you can share with your friends these free forex trading strategies on my site here by clicking those sharing buttons below. Thanks in advance.

High low trading strategy

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Morning Reversal Gap Fill.
Day Trading Breakouts - 4 Simple Trading Strategies.
Day Trade Setup - Three Bar Reversal and Go.
Narrowing Range Bars.
A breakout of a range presents an opportunity to get long or short. But how do you know when the range has enough "juice" to generate a trending move. As day traders you will have a slew of data to analyze in a short amount of time. So, why not take the simple approach and instead of looking at ranges that go back 5 or 10 days, simply focus in on the most recent high and low trading range from the previous day.
When you think about it, every stock has its own trading fingerprint. This is because there are different market operators trading in stocks throughout the day. But if you peel back the onion, you will notice that the bulls and bears begin to establish clear boundaries of how far they are willing to let a stock go in either direction. Your job is to simply monitor these ranges and then buy or sell short when the range is exploited.
Requirements for the Two-Day Range Breakout Strategy.
Identify the price range of the previous day (High - Low) Look back 2 days to see if the range for the previous day deviates greatly from the range set 2 days ago. You want to avoid a situation where the ranges are completely erratic and a break of the range means little. Buy or sell short the stock once the current day's range breakout exceeds the previous day's range by 10%. Use a simple moving average to stop yourself out of the trade. Logic here is you are buying or shorting the start of a new impulse trend, so you want to go along for the ride. Another strategy would be to sell the stock out as you approach a predetermined price target.
In this first example we will review First Solar (FSLR). The previous day's range on 11/5 was .92 cents. In order to make sure we are not going to get head faked, we went back one additional trading day to 11/2 and noticed the trading range was $1.33. With the stock trading currently in the $20 dollar range the delta between the ranges does not give reason for concern. Now turning our attention back to the current trading action of 11/6, the stock set a low of $23.25 on the first 5-minute bar and then quickly began to rally. So, we now would need to set our target entry point for the stock. Since the previous day's range was .92 cents we will want to buy or sell short a breakout above a range box of $1.01 (.92 cents x 1.10%). Based on the low set at $23.25 we would look to enter the trade on a break of $24.26 ($23.25 + $1.01).
As you can see from the above chart once FSLR broke through $24.26 the stock took a quick breather and then resumed her uptrend until reaching a high of $25.28 or nearly a dollar of profit.
Can you recognize what in this trade would have given you confirmation that the breakout was real? Well if you don't see it, take a look at the volume indicator near the bottom of the chart. Notice how the stock began to have an increase in volume as the price moved higher. This was a clear sign that the buyers were pushing FSLR higher and the stock had legs.
In the next example we will analyze Royal Gold (RGLD). The stock set a trading range of $1.18 on 12/11. Just as a sanity check we went back an extra day to 12/10 to validate the range is not exponentially larger. While the 12/10 range was greater, it is not a matter of concern with the stock trading in the 80s. So now that we know our previous day's range was $1.18 we apply our 10% lift for a target of $1.30. This basically means that if the stock's price moves above or below an intra day range of $1.30 we want to open a position.
RGLD starts out the 12/12 trading day with a gap up only to see the stock reverse lower. Now at this point you do not know if you are going to go long or short the stock. RGLD then stops dead in her tracks around 11am, which is a common reversal time and begins to move higher. Now that we have an established low from the morning of $81.79 you will want to place your buy limit order above $83.09. This is also a great entry price because it places your order behind the whole number of $83. As RGLD approached and sliced through the $83.09 level you will notice that the volume picked up on the chart. Remember this was our extra piece of confirmation from our previous example with FSLR. Another promising point with the volume is the increase came during the middle of the day which is normally a pretty dead time in the market. This implies that the stock had real potential and would likely move higher throughout the remainder of the day.
RGLD began to flag after the breakout above our entry point and then had another late day surge up to $84. Depending on your strategy you could have exited at the next dollar level of $84 or stayed long through the remainder of the day until your moving average of choice was violated.