Inside Bar Trading Revisited

Eventually, I will either exit with a profit or a loss.

http://i40.tinypic.com/2ebwoxj.gif

EURUSD setup...

http://i42.tinypic.com/zuqbud.gif

STILL WAITING...

http://i39.tinypic.com/10rr5vq.gif

PUSH!!

http://i41.tinypic.com/20uom6v.gif

What I am up to is trading the GBPUSD and EURUSD inside bar trades. I believe that's ON TOPIC.

The clock indicator is b-clock and the inside bar indicator is in&out.

Did you jynx me?

Last trade only good for 3 pips

http://i43.tinypic.com/b9a9w7.gif

GBPUSD setup...

http://i39.tinypic.com/14130o3.gif

UP, UP, AWAY!

http://i44.tinypic.com/9tzq4z.gif

SETUP...

http://i42.tinypic.com/jjbm89.gif

I see others are reading this thread. Am I the only one trading inside bars?

http://i41.tinypic.com/x43r43.gif

Where do you place your stop. at the high of the bar if it is a sell? and at the low of bar if it is a buy? If the bar has a long range where do u place your stop? I notice if price move up and down of an IB and there is no new IB form, I see that you still used the high and low of that last IB. Can you give some rules for the newguys

Ouch.

I don't place a stop. I am trading live. Either price is making me money or taking my money. You don't have to "guess". If price moves against me more than 5 pips and doesn't act like it wants to come back, I exit.

Think of it this way... If you get on a subway car and realize it's heading the opposite direction, what do you do? The longer you stay on, the more it will cost you when you finally get off.


Rules?

Use H1 chart.

1. Go long at the high of the most recent inside bar when price moves up to it.
2. Go short at the low of the most recent inside bar when price moves down to it.
3. Use money management and risk management to determine your position size and stop.
4. The main thing is do not think. In other words, take the trade when price hits the line. You will either win or lose. You don't need indicators to filter out trades.
5. Only trade one pair until you get the hang of it. I usually only trade 2 pairs: EURUSD and GBPUSD.

P.S. It seems like you already have more than enough indicators on your chart ( hurts my eyes ) . By the way, if you change the charts properties ( uncheck chart on foreground located in the common tab), the blue inside bar lines will be clearer.

P.P.S.

from THE TRADING ZONE, Mark Douglas

page 121

1) Anything can happen

2) You don't need to know what is going to happen next in order to make money.

3) There is a random distribution between the wins and losses for any given set of variables that define an edge.

4) An edge is nothing more than an indication of a higher probability of one thing happening over another.

5) Every moment in the market is unique.

How many pairs are being traded?

What sessions are being traded?

Is there a hit daily goal and quit option?

Perhaps running one EA per session will tell you the best times to trade and one EA per pair will tell you the best pair(s) to trade.

I forgot to mention, learn how to take 3 - 5 net pips really quick. Don't worry about how much you could have made. After you get this down, you should be aware when price is going to go your way or is going to reverse on you. If price goes your way and stop moving, take it before price reverses on you. I saw 10 - 20 pip profits vanish in a couple of seconds today but I was already out of the trade. That will happen to you if you try to squeeze out another pip or 2.

http://i42.tinypic.com/2r4id8p.gif

This is a tricky trade... price moving up past the inside bar short trigger line have to be careful.

http://i40.tinypic.com/2zs9phu.gif

SETUPS...

http://i43.tinypic.com/158468m.gif

http://i42.tinypic.com/16knb6u.gif

are you trading purely IB breaks? Not filtering it as per the DIBS method?
Just curious. Also how long have you been doing this for? I actually like your idea on using only a pair or two, that way you will get the feel for that market. My problem is I try trade everything and anything that appears as if it is equal without understanding that pair. Some pairs move better/worse during different trading sessions (for eg UJ in Asia , AUD in asia, EURUSD and GBPUSD in UK, CAD in US type things)

Just take the trades...

http://i41.tinypic.com/30c3o21.gif

http://i41.tinypic.com/dfhkll.gif