Day Trading Strategy for Beginners: Predicting Day High & Low in Forex

In this forex trading tutorial video, I go through how you can predict the day high and low BEFORE it happens. This is an easy to use trick that even beginners can use right away. In forex trading live, knowing where market might reverse for the day is a very useful piece of information as it can help you decide where to take profit.
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Do note that this video is not about a particular day trading live strategy or how to find valid forex signals to enter the market. This video is also not for swing trading since we are predicting the high and low for the day, not for the week.
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Пікірлер: 31

  • @FinancialMarketWizards
    @FinancialMarketWizards4 жыл бұрын

    SUBSCRIBE TO Financial Market Wizards CHANNEL NOW bit.ly/fmwsubscribe

  • @fullballs2805
    @fullballs2805 Жыл бұрын

    Thanks. I've been measuring from.the 3 or 4 hour and equally matching it the same way quick on a phone by measure of pips.

  • @Tripl3333
    @Tripl33332 жыл бұрын

    thanks for that; i just want to know how do you place the TP and SL diagram on the chart in Tradingview..? thanks

  • @michaeljohnston565
    @michaeljohnston5652 жыл бұрын

    Really great! Thank you so much! Hey, I am not complaining and I am very grateful fo rthe video, but the intro was so load in my headphones! Maybe it's just my bluetooth and not everyone else, but it was VERY loud! Lol. Again, not a complaint. Just letting you know. Great content though and I appreciate you!

  • @kscott6413
    @kscott64133 жыл бұрын

    Thanks for tip... I will be using it ALWAYS

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    Cheers mate

  • @orkayen
    @orkayen3 жыл бұрын

    I am wondering whether your approach/info is correct. I back tested on a few days/pairs. None of them came closer. The major disconnect is that You are taking the ATR and adding it up and down to the previous day's close price. In other words, you are doubling the ATR. However, if you divide the ATR by 2 and add that to the close for high and subtract for low then the difference between the high and low comes equal to the ATR. Please update the video, if my info is correct or let me know why I am wrong.

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    This is meant to be used as a reference, it's not a crystal ball that tells you where to buy or sell. It's just to give you an idea of how far price can go

  • @orkayen

    @orkayen

    3 жыл бұрын

    @@FinancialMarketWizards I am not looking to use this for trading. I Understand that it is a reference. Since, you have made this video with that specific outlook (2x ATR as next day's range), I am just pointing out that you are ignoring the fact that 14 days ATR itself is the forecast for next day's RANGE (High-Low) and not 2xATR. Though it is a reference it should be fairly accurate tho.

  • @bookbearerplus
    @bookbearerplus3 жыл бұрын

    Excellent training, thanks!

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    Make sure to subscribe :)

  • @IDIOTBoxxx22
    @IDIOTBoxxx223 жыл бұрын

    Great tip thanks!

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    Glad it helps!

  • @lungelobrian7187
    @lungelobrian71873 жыл бұрын

    Wht happen if there is a number on the front instead of zero

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    You have to read it in terms of pips mate

  • @irffby772
    @irffby7723 жыл бұрын

    Ok

  • @Zak09876
    @Zak098763 жыл бұрын

    Is it a mechanical strategy?

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    Not it isn't, it's just a tool...

  • @LaniLongGreen
    @LaniLongGreen3 жыл бұрын

    Is 110 ticks = 10 pips?

  • @FinancialMarketWizards

    @FinancialMarketWizards

    3 жыл бұрын

    Depends on which currency pair or instrument you're trading

  • @Hoseahbtheaitch
    @Hoseahbtheaitch2 жыл бұрын

    To find the high and low of the day, remember the algorithm works upon time and price.

  • @zibeychannel3288

    @zibeychannel3288

    2 жыл бұрын

    Hehe ICT trader yeah? Talk to me about time please

  • @prospermlambo8328
    @prospermlambo83283 жыл бұрын

    aaaargh dude so many ads its annoying

  • @captmorganbar
    @captmorganbar4 жыл бұрын

    Wants to know if Bitcoin loophole legitimate?

  • @longfx68trader
    @longfx68trader2 жыл бұрын

    😤

  • @whatmust8146
    @whatmust81462 жыл бұрын

    If you make a clip with less ok word that would be much more pleasant for my ear; frankly it is annoying hearing to use ok's at a wrong time during speaking; that detracts from my focus trying to understand what the hell is saying!!!! Use ok when appropriate please. If not sure then don't say it at all. Thank you. Content is good and valid though!!!!!!!

  • @geoff6203
    @geoff62033 жыл бұрын

    Firstly mate. In you're example your range is 220 pips. Secondly. If the price goes up 20 pips then comes back down 20 pips that's 40 pips of movement. This is quite possibly the stupidest video I've ever seen.

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