Inside day breakout | Forex Factory

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Inside day breakout

  • #1
  • First Post: Feb 22, 2009 7:12pm Feb 22, 2009 7:12pm
For Long

Identify a currency pair where the daily range has been contained within the prior day's range for at least two days .
Buy 10 pips above the high of the previous inside day . Place a stop and reverse order for two lots at least 10pips below the low of the nearest inside day . Take profit when prices reach double the amount risked or begin to trail the stop at that level .

For Short

Vice versa
  • #2
  • Feb 22, 2009 8:23pm Feb 22, 2009 8:23pm
Quoting Renee5
For Long

Identify a currency pair where the daily range has been contained within the prior day's range for at least two days .
Buy 10 pips above the high of the previous inside day . Place a stop and reverse order for two lots at least 10pips below the low of the nearest inside day . Take profit when prices reach double the amount risked or begin to trail the stop at that level .

For Short

Vice versa
Range? Or price? Would you please post a chart showing what you mean?
TRO
  • #3
  • Feb 25, 2009 1:36pm Feb 25, 2009 1:36pm
Please do clarify, give examples, etc.

Quoting Renee5
For Long

Identify a currency pair where the daily range has been contained within the prior day's range for at least two days .
Buy 10 pips above the high of the previous inside day . Place a stop and reverse order for two lots at least 10pips below the low of the nearest inside day . Take profit when prices reach double the amount risked or begin to trail the stop at that level .

For Short

Vice versa
  • #4
  • Last Post: Feb 25, 2009 2:05pm Feb 25, 2009 2:05pm
It's just an inside bar style breakout.

You just need two inside bars on the daily timeframe in a row. Once the second inside bar is set, you then make your breakout at the high/low of the most recent inside bar.
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