Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; Originally Posted by tenbobtrader Split showing your years of discretionary experience there mate :-) not to bad at all considering ...

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Old Oct 6, 2009, 1:36pm   #181
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Originally Posted by tenbobtrader View Post
Split

showing your years of discretionary experience there mate :-)

not to bad at all considering

have a good one tomorrow

Andy
Thanks for the charts, Andy, I've downloaded them for future reference.
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Old Oct 6, 2009, 1:40pm   #182
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Originally Posted by foredog View Post
Dead right Andy, got to take the trades, even said it myself on here, especially on a little account like this! Even after years of experience though human natures of greed and fear affect us sometimes.

Seems really stupid because i know using this method you will probably only get around 50% winners and yet I let two losses in a row put me off taking a trade, even though there has been periods of 5 in a row before.

NB...lots of other stuff going on today like pc's blowing up so probably not the best day anyway.

On to the next trade then, probably be a loser...
I'm glad that I didn't let myself in for that 50% rule. That's yours, buddy!
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Old Oct 6, 2009, 1:46pm   #183
 
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foredog started this thread I'm sure you could get this rate up to 60%+ with a larger stop or not moving the stop up to the high/low of every candle, but as these are mainly a breakout tool then i want a decent size stacked on the winners and to be out of the slooooow choppy trades quickly.

That's the aggressive city boy in me still, "first cut's the cheapest" and all that.

Glad to see you've had a decent winner with you're strategy, 50+ points from two trades isn't bad at all, be nice if it could work like that every couple of days!
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Last edited by foredog; Oct 6, 2009 at 1:48pm. Reason: add last para
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Old Oct 6, 2009, 1:59pm   #184
 
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foredog, do you only take 1 trade a day?
you seem to take the early morning trigger, then nothing.
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Old Oct 6, 2009, 2:05pm   #185
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Originally Posted by Splitlink View Post
Thanks for the charts, Andy, I've downloaded them for future reference.

there you go

full set to show the Mrs :-)

later

Andy
Attached Thumbnails
m15-ib-051009.bmp   m15-ib-061009.bmp   range.bmp  


Last edited by tenbobtrader; Oct 7, 2009 at 1:06pm. Reason: updated charts with more detail
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Old Oct 6, 2009, 2:06pm   #186
 
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foredog, do you only take 1 trade a day?
you seem to take the early morning trigger, then nothing.
Hi Trendie

Apart form today, with my dithering I'd normally take all the IB's/pins that fit the criteria up until about 1600 UK time, when i pack up for the day.

Just happens that there haven't been any really after the opening breakouts this last week.
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Old Oct 6, 2009, 2:21pm   #187
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Taking the first trades of the morning session may not be a bad idea. I have been looking at my TF15 for Footsie. There are stacks of them during today's lunch period. That's a black point for them on the index because, looking at the hourly bars, there is not one, so if I was trading them, I would not have made a cent, this morning. Therefore, it seems to be feast or famine.
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Old Oct 6, 2009, 4:37pm   #188
 
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foredog started this thread Todays trade, and the one that got away!
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Old Oct 6, 2009, 4:48pm   #189
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Great thread Foredog.
I've noticed that if the Holding Bar is very long, it is better to pass on the trade.

Last edited by mrsoul; Oct 6, 2009 at 4:55pm.
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Old Oct 6, 2009, 5:10pm   #190
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I took that second one but jumped out when it moved against me. Still get scared of taking losses :S
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