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Inside Bar Trading Revisited

  • #381
  • Feb 12, 2009 8:22am Feb 12, 2009 8:22am


http://i39.tinypic.com/2akcvvq.gif
TRO
  • #382
  • Feb 12, 2009 8:55am Feb 12, 2009 8:55am
"I am using MT4... look at the bottom left of my charts."

Dumb me, I see that now. You have cleaned out the clutter and I will attempt to do the same. I may use you order entry stategy on the 1/2 hr TF. I have used the 1H with a little success this a.m., just not many setups. I still prefer Oanda but their platform is clunky. thanks for the reply, p.
  • #383
  • Feb 12, 2009 10:12am Feb 12, 2009 10:12am
QUICKIE...

http://i39.tinypic.com/2rgde8l.gif
TRO
  • #384
  • Edited 10:40am Feb 12, 2009 10:40am | Edited 10:40am
Money4Nothing
are you basicly doing a straddle of the IB candle

placing a buy stop AND a sell stop on the IB

I've been using 30 min TF and only playing the side of the trend Also I'm taking the high low of the prevoius candle before the IB.

I'm doing well but I see on E/U at the time of the IB I placed a Sellstop(red arrow) it didn't hit but the bar moved way up so I lost the oppertunity of the Buy stop
If you caught that you got over 50 pips and counting as of this pic


ps you are doing a great job!
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  • #385
  • Feb 12, 2009 10:51am Feb 12, 2009 10:51am
Quoting dryclean
Money4Nothing
are you basicly doing a straddle of the IB candle

placing a buy stop AND a sell stop on the IB

I've been using 30 min TF and only playing the side of the trend Also I'm taking the high low of the prevoius candle before the IB.

I'm doing well but I see on E/U at the time of the IB I placed a Sellstop(red arrow) it didn't hit but the bar moved way up so I lost the oppertunity of the Buy stop
If you caught that you got over 50 pips and counting as of this pic


ps you are doing a great job!
are you basicly doing a straddle of the IB candle, placing a buy stop AND a sell stop on the IB?

No. I don't even know what a straddle is. I enter the orders live when price reaches the inside bar triggers. I don't know how you define or identify "trend". You chart is confusing to me, sorry.
TRO
  • #386
  • Feb 12, 2009 11:05am Feb 12, 2009 11:05am
M30 SETUP...

http://i42.tinypic.com/123xnxe.gif
TRO
  • #387
  • Feb 12, 2009 11:21am Feb 12, 2009 11:21am
Quoting Money4Nothing
M30 SETUP...

http://i42.tinypic.com/123xnxe.gif
So I understand you don't place any pending orders you wait for the candle to cross either up and cross the blue line for a buy or you wait for the candle to go down and cross for a sell when it crosses the blue line
  • #388
  • Feb 12, 2009 11:41am Feb 12, 2009 11:41am
It paid off... twice. Thank you.

http://i43.tinypic.com/4j279k.gif
TRO
  • #389
  • Feb 12, 2009 11:42am Feb 12, 2009 11:42am
Quoting dryclean
So I understand you don't place any pending orders you wait for the candle to cross either up and cross the blue line for a buy or you wait for the candle to go down and cross for a sell when it crosses the blue line
Sorry but you are mistaken. I never said "cross".

I enter the orders live when price reaches the inside bar triggers.
TRO
  • #390
  • Feb 12, 2009 12:12pm Feb 12, 2009 12:12pm
SETUP...

http://i44.tinypic.com/2pyrxc0.gif
TRO
  • #391
  • Feb 12, 2009 1:58pm Feb 12, 2009 1:58pm
beauty
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #392
  • Feb 12, 2009 2:11pm Feb 12, 2009 2:11pm


http://i40.tinypic.com/237bch.gif
TRO
  • #393
  • Feb 12, 2009 2:13pm Feb 12, 2009 2:13pm
zamanib:

I see you have cleaned up your charts a bit.
TRO
  • #394
  • Feb 12, 2009 2:50pm Feb 12, 2009 2:50pm


http://i43.tinypic.com/210x6kz.gif
TRO
  • #395
  • Feb 12, 2009 3:44pm Feb 12, 2009 3:44pm
Quoting Money4Nothing


http://i43.tinypic.com/210x6kz.gif
I'm sorry, how exactly do you determine your exit from this trade? I am assuming you entered short at 1.2807. At what point did you get out of the trade and what was your thought process in getting out at that point?
  • #396
  • Feb 12, 2009 4:46pm Feb 12, 2009 4:46pm
Down, down, deeper and down...
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  • #397
  • Feb 12, 2009 9:55pm Feb 12, 2009 9:55pm
Quoting ThailandMuse
I'm sorry, how exactly do you determine your exit from this trade? I am assuming you entered short at 1.2807. At what point did you get out of the trade and what was your thought process in getting out at that point?
The market is fluid, like a river.. sometimes it moves fast, sometimes it trickles along. Exit when you see the flow reverse or stop.
TRO
  • #398
  • Feb 12, 2009 10:39pm Feb 12, 2009 10:39pm
Money4nothing, I've been trying to find your indy. Can you tell me what it is?

Thanks


and good job too!
  • #399
  • Feb 12, 2009 10:44pm Feb 12, 2009 10:44pm
Quoting Money4Nothing
The market is fluid, like a river.. sometimes it moves fast, sometimes it trickles along. Exit when you see the flow reverse or stop.
Very Zen like. I imagine that it will take me quite a bit of time and practice to accurately sense the flow of this river. Can you really see the flow on the H1 chart or would I be better off looking at lower time frames to see how the currencies flow? I'm very new to this, but I like the idea of keeping it simple (which I believe it is at it's heart) and would like to learn as quickly as possible and with as few false trails as possible. Any breadcrumbs would be appreciated
  • #400
  • Feb 13, 2009 1:56am Feb 13, 2009 1:56am
I know you are asleep
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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