Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; Our trade was not triggered and cable has gone above our stop so the order is cancelled. The other two ...

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Old Nov 11, 2008, 1:00pm   #49
 
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foredog started this thread Our trade was not triggered and cable has gone above our stop so the order is cancelled.

The other two stops will stay where they are as no lower lows.
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Old Nov 11, 2008, 1:48pm   #50
 
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Hi ,

you do a great job. Please, would you give some draft summatized values (#win, #loss, %wins or...) of your strategie.

jore
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Old Nov 11, 2008, 2:30pm   #51
 
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Thanks for the pointer Foredog. I'll try to check it out. THINK i've got an inkling of what Ampro's advising; would it work on shorter time frames -- 5 mins, 1 hour, stuff like that?
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Old Nov 11, 2008, 2:59pm   #52
 
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foredog started this thread Stopped out of our 2nd trade (short @ 15571) at 15630 for a 59 pip loss per lot, 4.5 lots = - $265.5 or 2.72% of our account

we were almost stopped out of the original short as well, coming within 2 pips! Just made a lower low at the close of candle so we'll move the stop accordingly:

Candle high 15589 so new stop (15656 -15589 = 67 / 2 =33.5 so round to 34) 15622
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Last edited by foredog; Nov 11, 2008 at 3:03pm. Reason: posted before candle closed, gap down took me by surprise
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Old Nov 11, 2008, 4:01pm   #53
 
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foredog started this thread New lows again so we can move our stop down further

Candle high 15508 so stop to 15565 (15622-15508 = 114 /2 = 57)

We've now locked in 203 pips so thats 3.69% R:R if we get stopped out.

A shame that we got stopped out on the other trade but thats what happens sometimes.

So far we've taken 3 trades

- $230.85
- $265.50
+$1075.9 (If stopped out)

so our running total is
+ $579.55
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Thanks! The following members like this post: BSD
Old Nov 12, 2008, 7:41am   #54
 
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foredog started this thread 6am open 15430

Loks like we could potentially be out of our trade today, Cable is above the open at the moment.

Exit will be if stop is hit or if an inside bar forms for a long our stop will move to 4 pips above the IB, eg the trigger for a long trade
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Old Nov 12, 2008, 7:59am   #55
 
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Quote:
Originally Posted by foredog View Post
No lower lows but another inside bar

10am range 15625 -15507

11am range 15596 - 15527

So a sell stop at 15523
I guess you were aware of the vicinity of the weekly IB on & around your 60min analysis conclusion?

Nice when you get the opportunity to marry up one or two common technical themes, especially if the fundamental flavor is also playing ball

$ bullish slant continuing to be honored, clearly visible via the lower top steps on your hourly sheet as price vibrates towards the late October low magnet @ c1.5250

Weekly view:

Click the image to open in full size.

60min view:

Click the image to open in full size.
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Old Nov 12, 2008, 8:27am   #56
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Hi foredog,
Any chance of a chart - perhaps at the conclusion of the trade showing entry and exit? A picture paints a thousands words, as evidenced so well by Hawkmoon's and Ampro's posts.
Keep up the good work - the thread is developing nicely.
Tim.
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