Simple Inside Bars

Hi foredog,
Great thread.
Tell me you didn't cancel...

glad it's a demo, i'd have been kicking myself if it was real.

All the pin bar followers should've had it off thoughj!

If i had been long cable following the rules i would've moved my stop to 15080 and still locked in a 16 pip loss, makes me think it could be worth following the original method of taking off half the position at 1:1.

You never know though foredog; The risk/reward would have been pretty cool if the move had followed through strongly.
All we can do is try and accept these uncertainties.

Best Regards,
Neil

I agree, all you can do is follow your rules, put the trades on and try and keep the losses small and some of the should reward us.

6am open 14960

Inside bar at 1400

12pm bar 14830 - 14927

1300 bar 14834 - 14900

Sell stop place at 14830

Stoploss at 14904

Order is for 5.5 lots (406.26/74 = 5.49)

If not triggered will cancel at 1500

We are in a trade at last and it's made a new low so we can move our stop, though only by a little.

1400 high 14888

current stop 14904 ( 14904 - 14888 = 16/ 2 = 8)

New stop 14896

This won't make much of a difference to our bottom line, but every little helps and it's in the rules and RULES ARE RULES....

Another new low and the high of that candle was 14802 so we can move our stop to 14849 so now only 19 away from our entry
stop will remain there now until either tomorrow mornig or it's hit