Inside Bar Trading | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Inside Bar Trading Revisited 871 replies

Inside bar or outside bar identifier 7 replies

Journal related to: Advanced Inside Bar (IB) Trading 19 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Inside Bar Trading
Exit Attachments

Inside Bar Trading

  • #101
  • Dec 6, 2008 11:30pm Dec 6, 2008 11:30pm
nice system
not trying to change it,
But an interesting point your smoothed 89 closed
is basically the same as the 200 ema closed.
so if someone is trading on oanda (like me) you might be able to use 200 ema closed

Attached Image (click to enlarge)
Click to Enlarge Name: chfdweek.gif Size: 19 KB



cheers

teb
  • #102
  • Edited 3:25am Dec 7, 2008 3:19am | Edited 3:25am
Grazie Mario,

you made a very clear resume of the rules stated by Jim.

Hey Jim, is the MA used for the examples a smoothed or something else? I can't get that line in the same position, my MA is much higher in the screen.




Quoting pizzamiglio
jgadefelth,

Maybe I can help a bit (Jim, if I am out of line here, just let me know - don't want to step on your toes)

OK, so you got the IB part down and you understand the setup and the trigger right?...
  • #103
  • Edited 4:00am Dec 7, 2008 3:55am | Edited 4:00am
Jim, the more I follow this, the more I get it. I appreciate you being so generous with your time. Can you give an insight into how you set yourself up before you trade in terms of drawing your trendlines ? It looks to me you draw your trendline for the day and pretty much stick to it, but I have probably got that wrong as well ;-)
  • #104
  • Dec 7, 2008 6:42am Dec 7, 2008 6:42am
I have updated the template to put the 89 in. If you are sing other than FXDD than it could be different.

Jim

Quoting oblo
Grazie Mario,

you made a very clear resume of the rules stated by Jim.

Hey Jim, is the MA used for the examples a smoothed or something else? I can't get that line in the same position, my MA is much higher in the screen.
  • #105
  • Dec 7, 2008 6:42am Dec 7, 2008 6:42am
Got to head to church, guys and gals. First things first.

Jim
  • #106
  • Dec 7, 2008 8:08am Dec 7, 2008 8:08am
Dude...

How do u think of GBP/USD in IB style??

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gusd.gif Size: 16 KB
  • #107
  • Dec 7, 2008 11:02am Dec 7, 2008 11:02am
I believe this will work with any pair. I will be looking at all pairs. With the 30 minute timeframes, we will have enough time to analyze the pairs easily. I want to stick with anything with spreads 5 or less. E/U will be the best and most efficient.

Jim

Quoting sonicdeejay
Dude...

How do u think of GBP/USD in IB style??

Sonic
  • #108
  • Dec 7, 2008 12:43pm Dec 7, 2008 12:43pm
what is the 89?

Quoting pizzamiglio
jgadefelth,

Maybe I can help a bit (Jim, if I am out of line here, just let me know - don't want to step on your toes)

OK, so you got the IB part down and you understand the setup and the trigger right? Good.

Now, what Jim is saying about reversal bars, S&R, & the 89 is basically that we don't just blindly take every single IB on a collar (long and short) and then 'hope' for it to break and go in a directon far enough for our fear and/or greed to either let us take profit or get stopped out. Instead, we use price action (reversal bars) and...
  • #109
  • Dec 7, 2008 1:00pm Dec 7, 2008 1:00pm
Quoting nabil114
what is the 89?

89 period smoothed close

See post #77
  • #110
  • Dec 7, 2008 2:37pm Dec 7, 2008 2:37pm
Hey hard1head1, nice thread!
Do you trade inside bars on other timeframes like m15, h1?
  • #111
  • Dec 7, 2008 3:57pm Dec 7, 2008 3:57pm
Thx Jim for bringing what seems like stress free way of trading.

Using the bar before the IB can also keep us out of tightly ranging markets.

1. If we are long and another IB breakout occurs in the same direction, do we add to our position or ignore the 2nd breakout?

2. If we ignore the 2nd breakout, do we adjust our stop from our previous long trade over to what would have been our stop on the 2nd breakout that we ignored (assuming the 2nd breakout is higher then the 1st breakout).

3. Is there a max amount of time that my pass between trigger bar and waiting for an upcoming breakout? Would you wait 10 or 15 bars for an eventual breakout?

4. Are you trading a specific time of day?

Thx for everything and I look forward to trading with everyone on this new type of IBO.

Todd
  • #112
  • Dec 7, 2008 5:07pm Dec 7, 2008 5:07pm
Ok lets slow down a bit here, lets get some people confident in this set up first. Then we can get into this. We have to play the game as if we have minimal oney in our account. We have new people in here and I dont want to confuse them. I will be in and out all week and there will be plenty of opportunities. I will not comment on any pair that has a spread over 5 pips. I will be mainly looking at the E/J and U/J tonight for awhile, but I am not opposed to jumping in another if the setup is there. Right now I am going to work on trendlines on E/J and U/J.

Jim

Quoting todd960960
Thx Jim for bringing what seems like stress free way of trading.

Using the bar before the IB can also keep us out of tightly ranging markets.

1. If we are long and another IB breakout occurs in the same direction, do we add to our position or ignore the 2nd breakout?

2. If we ignore the 2nd breakout, do we adjust our stop from our previous long trade over to what would have been our stop on the 2nd breakout that we ignored (assuming the 2nd breakout is higher then the 1st breakout).

3. Is there a max amount of time that my pass between...
  • #113
  • Dec 7, 2008 5:16pm Dec 7, 2008 5:16pm
Thread is moving pretty fast, which is good, but I'm slow.

I d/l'd the template and I'm not that familiar with ATR (read some online), but how are we using it with this method?

Does anyone have pivot point indicator for MT4 that we are using here?

Thank You,
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #114
  • Dec 7, 2008 5:16pm Dec 7, 2008 5:16pm
A/U is possible setup
  • #115
  • Dec 7, 2008 5:18pm Dec 7, 2008 5:18pm
Whatever your ATR is at your IB is your rough target.

Jim

Quoting LasVahGoose
Thread is moving pretty fast, which is good, but I'm slow.

I d/l'd the template and I'm not that familiar with ATR (read some online), but how are we using it with this method?

Does anyone have pivot point indicator for MT4 that we are using here?

Thank You,
  • #116
  • Dec 7, 2008 5:18pm Dec 7, 2008 5:18pm
Quoting hard1head1
A/U is possible setup
Are we using the 89 MA to define trend up or down? I'm looking at this pair on 30 min and it looks sideways to my eyes.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #117
  • Dec 7, 2008 5:19pm Dec 7, 2008 5:19pm
Aussie already blew it up, we will wait for the market to settle down

Jim


Quoting hard1head1
A/U is possible setup
  • #118
  • Dec 7, 2008 5:25pm Dec 7, 2008 5:25pm
E/J is a mixed bag and is mired in between a bunch of trend lines. Patience is needed here.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 29 KB
  • #119
  • Dec 7, 2008 5:30pm Dec 7, 2008 5:30pm
Its looking like they may continue long and away from the 89. This is a good thing.

Jim
  • #120
  • Dec 7, 2008 5:58pm Dec 7, 2008 5:58pm
Watching E/U here guys and gals. possible IB trade, however, its Sunday night and anything can happen. The 89 is below the price. Playing by the rules a short IB trade is out of the question, even if I think the Euro is heading back down sometime tonight. Lets watch.

Jim
1 trader viewing now