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Inside Bar Trading

  • #1,381
  • Jan 4, 2009 10:56am Jan 4, 2009 10:56am
There is still a problem with ours at the moment, so don't download it until I let you know its ok now.
  • #1,382
  • Jan 4, 2009 11:03am Jan 4, 2009 11:03am
OK, all clear now, I've attached it to this post
Attached File(s)
File Type: ex4 FXGuru_Inside_Bar_v3.ex4   16 KB | 1,051 downloads
  • #1,383
  • Jan 4, 2009 11:17am Jan 4, 2009 11:17am
Here is a great shot of the E/U formed into a Daily Triangle, both from close up and far away so you can see the Triangle drawn from the Daily T.F. Red line is former support that is now working for us as resistance. The yellow lines are possible long term targets for the Euro. Once 1.3824 is broken I expect a quick drop to 1.3735. We will look for our safer trades with the trend to the downside and take them as the IB's present themselves. After 1.3735 is broken, that is if it is broken we got a nice drop of around 300 pips to play with. Yellow Moving average is the 475 SMA which represents the 89 on the 30 minute chart. I always gear the Daily to the chart we are following. The green MA is the Daily 89 and we will consider that as heavy support. Keep in mind, this is only for direction.

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Click to Enlarge Name: eu1.gif Size: 26 KB
  • #1,384
  • Jan 4, 2009 2:04pm Jan 4, 2009 2:04pm
Quoting hard1head1
Here is a great shot of the E/U formed into a Daily Triangle, both from close up and far away so you can see the Triangle drawn from the Daily T.F. Red line is former support that is now working for us as resistance. The yellow lines are possible long term targets for the Euro. Once 1.3824 is broken I expect a quick drop to 1.3735. We will look for our safer trades with the trend to the downside and take them as the IB's present themselves. After 1.3735 is broken, that is if it is broken we got a nice drop of around 300 pips to play with. Yellow...
Great insight as always Jim, more power to your elbow.
He that is from above is above all.
  • #1,385
  • Jan 4, 2009 2:43pm Jan 4, 2009 2:43pm
What time does the chat session start and how often are they done?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,386
  • Jan 4, 2009 2:55pm Jan 4, 2009 2:55pm
Quoting quickh23a
EUR/GBP is what should drive the GBP this year, once we hit parity, we should see a large corection that will boost GBP against all pairs, i dont see that cross sustaines past parity
Why are you posting this here? Are you doing it to spread the promotional link? Just wondering why you're repeating the same post in so many threads.
  • #1,387
  • Jan 4, 2009 3:08pm Jan 4, 2009 3:08pm
Quoting quickh23a
EUR/GBP is what should drive the GBP this year, once we hit parity, we should see a large corection that will boost GBP against all pairs, i dont see that cross sustaines past parity
Which has what to do with inside bar trading???

Bob
  • #1,388
  • Jan 4, 2009 3:14pm Jan 4, 2009 3:14pm
hehe... sent a cleanup report
"White collar crime deserves a blue collar beating!" - 8fingers
  • #1,389
  • Jan 4, 2009 3:52pm Jan 4, 2009 3:52pm
I took this trade do to price action and candle stick patterns, NOT only because it broke the low. You are reading too much into this.

Jim

Quoting FOURX
Hi jim, and all!

I see that you took this trade on the break of the IB ,not the break of the trigger bar.(this is a method i've used)

Have i missed something in the traderoom (to get an earlier entry)?

Thanks
  • #1,390
  • Jan 4, 2009 3:56pm Jan 4, 2009 3:56pm
LATER, Dude


Quoting quickh23a
EUR/GBP is what should drive the GBP this year, once we hit parity, we should see a large corection that will boost GBP against all pairs, i dont see that cross sustaines past parity
  • #1,391
  • Jan 4, 2009 4:27pm Jan 4, 2009 4:27pm
Drew DTL off of these 2 tops and traded this gap. Short from .3900

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
  • #1,392
  • Jan 4, 2009 5:29pm Jan 4, 2009 5:29pm
New E.U DTL
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
  • #1,393
  • Jan 4, 2009 8:33pm Jan 4, 2009 8:33pm
Harami bound. Look at all these signposts that show directional changes. Can you see the significance?

jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 33 KB
  • #1,394
  • Jan 4, 2009 10:23pm Jan 4, 2009 10:23pm
My back test results show many false trades. It does not seem profitable. I am following the system as you say. I am not sure what I am doing wrong.
  • #1,395
  • Jan 4, 2009 11:13pm Jan 4, 2009 11:13pm
Bigbear, if you don't show what you have done and how you have back tested then noone will be able to help you.
I'm all for asking questions if I don't know something, but, please detail detail detail what you are doing so people can help you.
"Even if you fall down face first, you still went forward."
  • #1,396
  • Jan 5, 2009 7:28am Jan 5, 2009 7:28am
Give us some examples, because I have a 95% positive trades when following the rules. And what I mean by that is, of all trades I have taken following the rules, better than 9 out of 10 are profitable. I can't help unless you gve examples.

Jim


Quoting bigbear777
My back test results show many false trades. It does not seem profitable. I am following the system as you say. I am not sure what I am doing wrong.
  • #1,397
  • Jan 5, 2009 8:16am Jan 5, 2009 8:16am
Hi,

thank you Jim for this interesting system.

I've been searching for a trading approach that allows some active and profitable trading. I think here I've found it.

I'm also interested trading this system on 4h. Will do some testing ...

Thanks again.

Best Regards
  • #1,398
  • Jan 5, 2009 8:35am Jan 5, 2009 8:35am
No testing needed, I have been trading this system on all timeframes and all are profitable. The reason we do the 30 is because I want the newer people to be able to keep up, and all the charts are the same. Also, the stoploss is affordable for people just starting out. We will graduate up to the 1 hr as a group.

Jim

Quoting ashes
Hi,

thank you Jim for this interesting system.

I've been searching for a trading approach that allows some active and profitable trading. I think here I've found it.

I'm also interested trading this system on 4h. Will do some testing ...

Thanks again.

Best Regards
  • #1,399
  • Edited 10:17am Jan 5, 2009 9:03am | Edited 10:17am
Hi Lyn.

could you/anybody please list which downloads,we should have loaded to our charts please.

Thanks
  • #1,400
  • Jan 5, 2009 10:04am Jan 5, 2009 10:04am
did anyone trade the eur/usd this morning?
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