Your indicator is calling IB's that are really not inside bars. Please fix or take it off of my thread. When lows are equal, they are not inside bars.
Jim
Jim
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DislikedWell put Billflet,
I have been there lately taking the good IB'S but also the ones I say to myself, hmm close enough its only a tick or to outside so it seems good.... I was usually wrong!! So it helps to clarify that and yes there are enough setups in a given 24 hr period to trade. Anyways the words I live by now is the less amount of trades you make the more money you will make. It forces you to take the highest probability setups. Which since I am of a scalping mentality I feel sometimes if I dont trade every wiggle or every setup I am missing...Ignored
DislikedWell put Billflet,
I have been there lately taking the good IB'S but also the ones I say to myself, hmm close enough its only a tick or to outside so it seems good.... I was usually wrong!! So it helps to clarify that and yes there are enough setups in a given 24 hr period to trade. Anyways the words I live by now is the less amount of trades you make the more money you will make. It forces you to take the highest probability setups. Which since I am of a scalping mentality I feel sometimes if I dont trade every wiggle or every setup I am missing...Ignored
DislikedMy partner made an indicator for me which I've attached to this post. In the inputs:
Minimum Setup Bar (first bar) you can set this as low as you like (I have it set at 1).
Maximum Setup Bar you can set this as low or as high as you like. I have it set at 40 (it won't highlight any that are too big to be comfortable for your MM)
Minimum trigger size (I have this set at 1) this just means the IB has to be at least this many pips smaller than the setup bar.
Trigger pips is how far above and below the setup bars high and low you would want...Ignored
DislikedThe pairs are responding to the Aussie News at 7:30, I would wait till the market settles down. I expect the E/U to head back down sometime tonight.
JimIgnored
DislikedThis is off-topic Jim, but can you explain your reasoning for EU going down? I see a couple of things I want to see what you're thinking on this one. See a strong Res., wedge formation on-going on daily/4hr, but EU has a pretty strong trend up in 1H and 4H what do you see as trend reversal?
Again off topic so guys don't relate this to this system.Ignored
DislikedIB after strong rally sitting just over R1. Could be a good short with a break below R1 which would be required for our entry anyway at 1.4857. Anyone else looking at this potential trade?Ignored
DislikedMy chart doesn't show an IB on the USD/CHF like yours does. It shows the bar at 10:30pm EST went down to 1.1950, lower than the 1.1952 low of the 10:00pm EST bar.Ignored