Tecnica altas y bajas

High Low Breakout Technique
This technique can be used for any market that has a decent daily range. If you look at any chart, what do you see?
You should see a succession of bars that are doingone of three things.
1. Going up
2. Going down
3. Going sideways
Unless today's bar turns out to be an inside day or very rarely the high and low of today are exactly the same as the highand low as yesterday, then we will have a new high or low.
Think about it. Today's bar, in all probability will make a higher high than yesterday's bar or a lower low than yesterday's bar. Thisinformation is very powerful. Look at the chart below:
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Now, the question is - how much of a higher high or lower low will today achieve than yesterday?
In our next example, company XYZ had a rangeof 200 points (high minus the low) yesterday. Today the high might be 50 points higher than yesterday's bar or 50 points lower than yesterday's bar. If we can find the average daily distance betweenthe high of yesterday's bar to the high of today's bar and the average daily distance between the low of yesterday's bar and the low of today's bar, then we might have a trading opportunity.
[pic]Make yourself a little excel sheet or grab a pen and paper and start tracking the high and lows of each day. Then deduct the high of today from yesterday's high and the low of today from yesterday'slow. After you have a few day's worth of data you can get an average. On the excel sheet, below the first five columns are the date, open, high, low and close. "DR" is daily range, "TH-YH" is today'shigh minus yesterday's high and "YL-TL" is yesterday's low minus today's low. In the "TH-YH" column, I only record an entry if today's high is greater than yesterday's high and in the "YL-TL" I onlyrecord an entry if today's low is lower than yesterday's low. All pretty simple stuff.
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OK, as you can see, the example of the GBP/USD (Pound/Dollar). The average breakout up was 54 pips and the...