Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; I have been thinking about looking into these to add to my Arsenal. My thought at the moment is that ...

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Old Nov 5, 2008, 12:55pm   #8
Joined Jun 2008
I have been thinking about looking into these to add to my Arsenal. My thought at the moment is that I would like to see both bars having a high-low less than the timeframe ATR.

Anybody use this as a caveat to their signal?
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Old Nov 5, 2008, 1:15pm   #9
 
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foredog started this thread Orders placed, lets wait and see, i will cancel them in an hour if not triggered and we'll look again.

I have placed the order to buy 2.75 mini contracts at 160.49, stop at 159.41 (not sure if ig will let me trade odd sizes, time will tell, if not i would be inclined to adjust the siz to 3)

A/c $10000

Risk 3% $300

300 / 108 = 2.777777777777

Now it's just waiting
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Last edited by foredog; Nov 5, 2008 at 1:17pm. Reason: wrong stop typed
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Old Nov 5, 2008, 2:04pm   #10
 
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foredog started this thread order cancelled, cable has traded below our stop so we'll wait for a better opportunity
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Old Nov 5, 2008, 5:04pm   #11
 
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foredog started this thread Obviously the price went through our limit and powered on up after we cancelled the order but the idea of this is low risk entries and after trading below our stop and failing to break the high in the hour i felt the IB was invalidated.

some may disagree but we haven't lost anything, just failed to gain, tomorrow is another day.
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IF IN DOUBT GET THE **** OUT!

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

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Old Nov 5, 2008, 7:18pm   #12
 
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Quote:
Originally Posted by foredog View Post
Obviously the price went through our limit and powered on up after we cancelled the order but the idea of this is low risk entries and after trading below our stop and failing to break the high in the hour i felt the IB was invalidated.

some may disagree but we haven't lost anything, just failed to gain, tomorrow is another day.
Some sites \i posted on an earlier thread re - inside bars etc.


Below is a selection of PIN BAR, Inside Bar and other Price Action trading styles.
Enjoy:

The DIBS Method . . . No Free Lunch continues

Neil
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....Indicators show the past. Price Action "Indicates" the future.
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Old Nov 5, 2008, 7:27pm   #13
 
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foredog started this thread Cheers Neil

If it was about 6 months ago then this was where the idea came from, i was already using inside bars but that thread gave me a push in the right direction, although this is still my first real foray into Forex, too busy until now!
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Old Nov 5, 2008, 8:23pm   #14
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Originally Posted by foredog View Post
Cheers Neil

If it was about 6 months ago then this was where the idea came from, i was already using inside bars but that thread gave me a push in the right direction, although this is still my first real foray into Forex, too busy until now!
Hey Foredog

Nice to see an inside bar thread. Are you going to trade Cable only or will you add a few more of the major pairs? I try to watch about 6 or 7 of the bigger pairs.That said the only IB i took today was on EURCHF, first i went short, then long on the failed breakout. That has since retraced so out at be. Have you set yourself a limit on the size of the inside bar? I know soon prefer only the smaller ones as the breakout seems to be a bit more vigorous so that maybe worth considering.
Shane
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