Simple Inside Bars

This is a discussion on Simple Inside Bars within the Trading Journals forums, part of the Reception category; More lows on the 1400 bar New stop 15295 (15367-15223 = 144/2 = 72) Cable plunging to new lows again, ...

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Old Nov 12, 2008, 4:07pm   #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, 8:12am   #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, 8:22am   #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, 9:15am   #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 9:41am.
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Thanks! The following members like this post: foredog
Old Nov 13, 2008, 10:33am   #69
 
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foredog started this thread Shot.
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Old Nov 13, 2008, 11:04am   #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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Old Nov 13, 2008, 11:11am   #71
 
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JT You do realise that you have 'nicked' Wasps recent signature don't you.


Don't make him come round there. He's a big bloke!
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Old Nov 13, 2008, 11:14am   #72
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Originally Posted by options View Post
JT You do realise that you have 'nicked' Wasps recent signature don't you.


Don't make him come round there. He's a big bloke!
I know wasp i do. I did get that quote from him, but he didnt have the copyright so finders keepers!
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