Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; [QUOTE=Hawkmoon;563392] foredog: apologies for clogging up your journal with this stuff - I'll butt out & allow you to continue ...

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Old Nov 12, 2008, 12:09pm   #61
 
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foredog started this thread [QUOTE=Hawkmoon;563392]

foredog: apologies for clogging up your journal with this stuff - I'll butt out & allow you to continue with your work. I like the fact your content is free of all that indicator garbage. Keep it clean & you'll keep it honest


No problem at all, happy to have others contributing and pointing things out, there's always ways to improve, keep it up guys.


Another low, how long can this keep going? who knows but we'll just keep riding i down as best we can.

New stop 15413(15441 -15386 = 55/2 = 27.5 (28))
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Old Nov 12, 2008, 12:21pm   #62
 
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Chart from earlier

foredog started this thread Here's the chart of the last few days until earlier this morning
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File Type: zip gbp2.zip (82.8 KB, 82 views)
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Old Nov 12, 2008, 1:03pm   #63
 
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foredog started this thread Another low, how long can this keep going? who knows but we'll just keep riding i down as best we can.

New stop 15413(15441 -15386 = 55/2 = 27.5 (28))
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Old Nov 12, 2008, 2:12pm   #64
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Quote:
Originally Posted by Hawkmoon View Post
$ 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
which now exposes 1.4850 & 4450 respectively (weekly reference)
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Old Nov 12, 2008, 5:07pm   #65
 
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foredog started this thread More lows on the 1400 bar

New stop 15295 (15367-15223 = 144/2 = 72)

Cable plunging to new lows again, so much for me expecting a bounce! Just show you should trade what you see not what you think!

New stop 15254 ( 15295 - 15213 = 82/2 = 41)

Stop will now stay at this level until tomorrow when well either have been hit or look for more lows.

so far if the stop gets hit we'll have taken 514 pips for a 55 pip risk, that's over 9:1 not a bad return
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Old Nov 13, 2008, 9:12am   #66
 
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foredog started this thread More lows on the 1400 bar

New stop 15295 (15367-15223 = 144/2 = 72)

Cable plunging to new lows again, so much for me expecting a bounce! Just show you should trade what you see not what you think!

New stop 15254 ( 15295 - 15213 = 82/2 = 41)

Stop will now stay at this level until tomorrow when well either have been hit or look for more lows.

so far if the stop gets hit we'll have taken 514 pips for a 55 pip risk, that's over 9:1 not a bad return
__________________
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
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Old Nov 13, 2008, 9:22am   #67
 
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foredog started this thread 6am open 14885

There was an inside bar from the 5am and 6am bars but i didn't catch this

We're still in our trade and the market made a new low with the 7am bar so moving stop

New stop 15082 (15254-14910 = 344 /2 = 172)
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Old Nov 13, 2008, 10:15am   #68
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This simple inside bar turned out well.
Attached Thumbnails
inside-bar.gif  

Last edited by JTrader; Nov 13, 2008 at 10:41am.
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Thanks! The following members like this post: foredog
Old Nov 13, 2008, 11:33am   #69
 
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foredog started this thread Shot.
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Old Nov 13, 2008, 12:04pm   #70
 
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foredog started this thread WE now have a buy signal

9am bar 14893 - 14993

10am bar 14905 - 14951

So stop buy order placed to buy 5.4 contracts at 14955 (293/54 = 5.426) Stop loss at 14901

I have used the previous balance as our profits from the short trade have not been booked yet.

I have now moved the stop on the short to 14955 as this is a reversal signal.
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