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Inside Bar Trading

  • #401
  • Dec 10, 2008 10:42pm Dec 10, 2008 10:42pm
Interbank FX does not show one.
  • #402
  • Dec 11, 2008 12:07am Dec 11, 2008 12:07am
Like Jim Says:

Remember to trade in a size that allows you to take partial profits and allow part to run.. One of the benefits of IB's is that they act like a coiling spring. They usually break with a bit of energy and momentum that allows us to quickly take a partial profit and minimize risk. Doing this will make a big difference in your bottom line. It will turn a big share of your negative trades into Breakeven trades, thus protecting your account. It works especially well with IBs.
  • #403
  • Dec 11, 2008 12:55am Dec 11, 2008 12:55am
Quoting billflet
Like Jim Says:

Remember to trade in a size that allows you to take partial profits and allow part to run.. One of the benefits of IB's is that they act like a coiling spring. They usually break with a bit of energy and momentum that allows us to quickly take a partial profit and minimize risk. Doing this will make a big difference in your bottom line. It will turn a big share of your negative trades into Breakeven trades, thus protecting your account. It works especially well with IBs.
Thanks for this bit of info. I checked out your profile also, great list of books!
  • #404
  • Dec 11, 2008 1:05am Dec 11, 2008 1:05am
Quoting Jimmy Jones
Thanks for this bit of info. I checked out your profile also, great list of books!
Your welcome, JJ. I'm partial to simple methods like this and I'm enjoying the thread. I'm glad to see it staying focused.
  • #405
  • Dec 11, 2008 1:33am Dec 11, 2008 1:33am
Be carefull

3:30am CHFhttp://www.forexfactory.com/images/m...mpact_high.gifLibor Rate
http://www.forexfactory.com/images/m...etail_star.gif
0.50%1.00%
3:30am CHFhttp://www.forexfactory.com/images/m...mpact_high.gifSNB Monetary Policy Assessment
http://www.forexfactory.com/images/m...etail_star.gif
  • #406
  • Dec 11, 2008 2:05am Dec 11, 2008 2:05am
News releases ought to get them moving.

Jim
  • #407
  • Dec 11, 2008 3:08am Dec 11, 2008 3:08am
Quoting billflet
Hope HH doesn't mind me chiming in on this--I posted part of it in another thread:

Sometimes you'll get several IB's in a session and you need to compare them. I know my account won't bear taking them all on an active session. I look at:

A) price up or down on the day (or as we call it here, The Trend of The Moment)
b) How far has each signalled pair moved during the session (I want the one moving the most)
c) What is the risk? (One of the most appealing aspects of this is low risk) Sometimes the Geppy bars are so long that you...
Thanks for this post.
Can you expound a little more on the "Trend of the moment"?
How this "trend" can affect the trading of IB.

Look to the chart below. If considering this rule I would not take this trade short. Am I right?



Ramon
Attached Image (click to enlarge)
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  • #408
  • Dec 11, 2008 3:23am Dec 11, 2008 3:23am
Quoting oblo
Thanks for this post.
Can you expound a little more on the "Trend of the moment"?
How this "trend" can affect the trading of IB.

Look to the chart below. If considering this rule I would not take this trade short. Am I right?



Ramon
That's correct. Jim gave a good example in post #10.
  • #409
  • Dec 11, 2008 3:57am Dec 11, 2008 3:57am
UsdJpy just setup and gave a nice trade. I'm up 25pips, took half off the table and B/E with the rest.
"Even if you fall down face first, you still went forward."
  • #410
  • Dec 11, 2008 4:06am Dec 11, 2008 4:06am
Quoting juicyt
UsdJpy just setup and gave a nice trade. I'm up 25pips, took half off the table and B/E with the rest.
I hopped on that one and exited at r2...
  • #411
  • Dec 11, 2008 4:08am Dec 11, 2008 4:08am
Quoting juicyt
UsdJpy just setup and gave a nice trade. I'm up 25pips, took half off the table and B/E with the rest.
nice trade Juicy, personally it was too close to daily support and trendline for me to trade. I took gbp/jp and eur/jpy for 15 pips each

cheers
  • #412
  • Dec 11, 2008 4:12am Dec 11, 2008 4:12am
But what would be even nicer is to talk about them before they happen. Dont be afraid to call an IB when you see one.

Jim
  • #413
  • Dec 11, 2008 4:14am Dec 11, 2008 4:14am
That trade may continue on down.
  • #414
  • Dec 11, 2008 4:17am Dec 11, 2008 4:17am
Quoting hard1head1
But what would be even nicer is to talk about them before they happen. Dont be afraid to call an IB when you see one.

Jim

Exactly what i was thinking jim.

after event dont help anyone!
  • #415
  • Dec 11, 2008 4:24am Dec 11, 2008 4:24am
How's about I show a picture then... And I'll try to post before the trade happens. I was just on the phone at the time that's all.
Attached Image (click to enlarge)
Click to Enlarge Name: IB strength.gif Size: 96 KB
"Even if you fall down face first, you still went forward."
  • #416
  • Dec 11, 2008 4:36am Dec 11, 2008 4:36am
We believe you Juicy, its just that we cant watch all the pairs all the time and the thread is there so we can be alerted to the possible setups.

LOL, Thanks, Jim


Quoting juicyt
How's about I show a picture then... And I'll try to post before the trade happens. I was just on the phone at the time that's all.
  • #417
  • Dec 11, 2008 4:37am Dec 11, 2008 4:37am
I see a setup on EJ, but Iwouldnt touch it with a ten foot pole.

Jim
  • #418
  • Dec 11, 2008 4:37am Dec 11, 2008 4:37am
IB on eurjpy but too big a risk to possible reward for me so I will pass. It is a pitty because it looks like it could go ok with a nice uptrend and ATR around mid 30's, and bouncing off daily pivot.

Comments please.

you just beat me...
"Even if you fall down face first, you still went forward."
  • #419
  • Dec 11, 2008 4:42am Dec 11, 2008 4:42am
Quoting hard1head1
I see a setup on EJ, but Iwouldnt touch it with a ten foot pole.

Jim

why not jim?

long back to 121.65?
  • #420
  • Dec 11, 2008 4:45am Dec 11, 2008 4:45am
There is some strength coming into it so I guess it could work out, but it's not for me...
"Even if you fall down face first, you still went forward."
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