Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; low of 1500 bar is 16604 so moving stop up to just below the round number to 16597 so hopefully ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 21, 2009, 4:00pm   #271
 
foredog's Avatar
Joined Oct 2007
foredog started this thread low of 1500 bar is 16604 so moving stop up to just below the round number to 16597 so hopefully 20points locked in.
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Old Oct 22, 2009, 5:39am   #272
Joined Nov 2001
Quote:
Originally Posted by foredog View Post
low of 1500 bar is 16604 so moving stop up to just below the round number to 16597 so hopefully 20points locked in.
You should have done well with that one. I think I read, a way back , that you close the session around 1630? Do you leave profitable trades running with a stop?
Splitlink is offline   Reply With Quote
Old Oct 22, 2009, 6:15am   #273
 
foredog's Avatar
Joined Oct 2007
foredog started this thread I was stopped out of the trade at 16597. But at least it's another 20 points in the account.

Split in answer to your question, yes i would leave a trade running overnight, hopefully with a stop at breakeven or better.
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Old Oct 22, 2009, 12:11pm   #274
Joined Feb 2007
Hey foredog thanks for keeping this going,I've probably learnt more from this thread and it's links than any of the books I've read.
Quick question do you take the high/low of the previous bar as your entry or is it still +/- 4 from there
donovan5 is offline   Reply With Quote
Old Oct 22, 2009, 12:14pm   #275
 
neil's Avatar
Joined Nov 2001
We have an Inside bar today on Cable around 10am...using hourly bars....how would you trade it Donovan ?
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Old Oct 22, 2009, 12:25pm   #276
 
foredog's Avatar
Joined Oct 2007
foredog started this thread Cable was down on the day and pretty much touching the 50ma so i had a short loaded, didn't touch it though.

Could've argued that cable is in an uptrend so take the reversal, depends on your trading style etc.
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Old Oct 22, 2009, 1:27pm   #277
Joined Nov 2001
FT 15M showed no IB, this morning. Good run for 30 odd points, though. I didn't do anything this morning.
Splitlink is offline   Reply With Quote
Old Oct 22, 2009, 1:29pm   #278
 
foredog's Avatar
Joined Oct 2007
foredog started this thread
Quote:
Originally Posted by donovan5 View Post
Hey foredog thanks for keeping this going,I've probably learnt more from this thread and it's links than any of the books I've read.
Quick question do you take the high/low of the previous bar as your entry or is it still +/- 4 from there
i take the high/low of the IB +/-3 and use that as entry.

Hope that helps
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Old Oct 22, 2009, 1:30pm   #279
Joined Feb 2007
Quote:
Originally Posted by neil View Post
We have an Inside bar today on Cable around 10am...using hourly bars....how would you trade it Donovan ?
Actually I have an order in at 16583 which it hasn't yet reached.
I have a 60 day MA set up on my chart and tend to go with the trend of that.

Oops just as I'm writing I've been pulled into EUR/JPY at 13695 stop 20 pips below,this was from th IB also at 10
donovan5 is offline   Reply With Quote
Old Oct 22, 2009, 1:34pm   #280
Joined Feb 2007
Quote:
Originally Posted by donovan5 View Post
Actually I have an order in at 16583 which it hasn't yet reached.
I have a 60 day MA set up on my chart and tend to go with the trend of that.

Oops just as I'm writing I've been pulled into EUR/JPY at 13695 stop 20 pips below,this was from th IB also at 10
Well that didn't last long -20
donovan5 is offline   Reply With Quote
Old Oct 22, 2009, 4:31pm   #281
 
neil's Avatar
Joined Nov 2001
Donovan

Quote:
Originally Posted by donovan5 View Post
Actually I have an order in at 16583 which it hasn't yet reached.
I have a 60 day MA set up on my chart and tend to go with the trend of that.

Oops just as I'm writing I've been pulled into EUR/JPY at 13695 stop 20 pips below,this was from th IB also at 10
See the IB at point A Donovan?
I sometimes put a buy or sell stop above or below IB. This IB is bigger than I would really like but in this case it worked ok. I expect you know, reading Foredogs posts, that IB's do not always work so discipline is required. Good luck
Attached Thumbnails
weds.jpg  
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Thanks! The following members like this post: foredog
Old Oct 22, 2009, 8:37pm   #282
Joined Nov 2001
Quote:
Originally Posted by neil View Post
See the IB at point A Donovan?
IB's do not always work so discipline is required. Good luck
:twisted :
Splitlink is offline   Reply With Quote
Thanks! The following members like this post: tenbobtrader
Old Oct 22, 2009, 10:27pm   #283
 
neil's Avatar
Joined Nov 2001
Quote:
Originally Posted by Splitlink View Post
:twisted :
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Old Oct 23, 2009, 12:06pm   #284
 
foredog's Avatar
Joined Oct 2007
foredog started this thread Short of 11am IB at 16407 stop at 16427, has moved 20 pips into the blue, but not the magic 30 where i move stop to BE.

Will his trade stay down there, who knows, i doubt it after that big smash i think it may rally...but i'm often wrong!
__________________
IF IN DOUBT GET THE **** OUT!

No need for a course http://www.trade2win.com/boards/gene...tml#post707344

Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html
foredog is offline   Reply With Quote
Old Oct 23, 2009, 12:13pm   #285
 
neil's Avatar
Joined Nov 2001
Quote:
Originally Posted by foredog View Post
Short of 11am IB at 16407 stop at 16427, has moved 20 pips into the blue, but not the magic 30 where i move stop to BE.

Will his trade stay down there, who knows, i doubt it after that big smash i think it may rally...but i'm often wrong!
Hi Foredog,
Maybe the price is basing or consolidating for some choppiness - take a look at the 5 minute chart. But then, I am also often wrong
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pin bars...and let this be the last of it. trader_dante General Trading Chat 27 Apr 5, 2009 5:14pm
Good book with simple trading strategies inside peter450 General Trading Chat 10 Feb 14, 2009 11:53am
Inside Bars nkruger Technical Analysis 12 Jun 24, 2008 2:30pm
Inside Track Chicken Curry The Foyer 2 Feb 17, 2006 11:18am
Looking inside a bar. 1 min vs. 15 min bars ... brooksrimes Trading Systems 0 Aug 30, 2005 10:40pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)