Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; Originally Posted by foredog 6 am open 14954 Inside bar at 1300 11am bar 15035 - 15094 12 bar 15055 ...

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Old Nov 19, 2008, 3:19pm   #89
 
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Quote:
Originally Posted by foredog View Post
6 am open 14954

Inside bar at 1300

11am bar 15035 - 15094

12 bar 15055 - 15092

Buy stop placed at 15096

Stoploss at 15051

order is for 9 lots (406.26/45 = 9.02)

If not triggered by 1400 i will cancel
Hi foredog,
Great thread.
Tell me you didn't cancel...
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Old Nov 19, 2008, 3:25pm   #90
 
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foredog started this thread 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!
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Old Nov 19, 2008, 5:32pm   #91
 
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foredog started this thread 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.
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Old Nov 19, 2008, 8:16pm   #92
 
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Quote:
Originally Posted by foredog View Post
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
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Last edited by bansir; Nov 19, 2008 at 8:18pm. Reason: spelling
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Old Nov 19, 2008, 9:36pm   #93
 
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foredog started this thread
Quote:
Originally Posted by bansir View Post
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.
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Old Nov 20, 2008, 3:03pm   #94
 
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foredog started this thread 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
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Old Nov 20, 2008, 4:02pm   #95
 
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foredog started this thread 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....
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Old Nov 20, 2008, 5:02pm   #96
 
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foredog started this thread 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
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