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Joined Jun 2007
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Status: Hug it out Bitch
|464 Posts
Maybe, but you're assuming he had no directional bias, and was taking every break, regardless of direction.
When i get consecutive Inside Bars, I will be inclined to trade the range of the preceeding, larger ranging bar. At the very lest, if i enter on the smaller bar, i will leave my stop above the high of the first IB.
The USDJPY trade is pretty choppy, but using this method, you would still be short.
Joined Oct 2008
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Status: Sailing for pips
|2,099 Posts
This is what drives me crazy
I placed a buy stop at 62.49
as you can see in the picture the price never hit it
the closest it got was 62.38
but it still placed the order
as of this writting it turned around and is positive but still
not sure how this happens
This is what drives me crazy
I placed a buy stop at 62.49
as you can see in the picture the price never hit it
the closest it got was 62.38
but it still placed the order
as of this writting it turned around and is positive but still
not sure how this happens
Ignored
What was the ASK at the time? EAs buy at the ask and sell at the bid, if I am not mistaken. Charts ( candles ) show only the BID.
This is what drives me crazy
I placed a buy stop at 62.49
as you can see in the picture the price never hit it
the closest it got was 62.38
but it still placed the order
as of this writting it turned around and is positive but still
not sure how this happens
Ignored
That would be the spread. I normally add the spread to the trigger line for buy stops. I also add the spread for stop losses on shorts. Hope this helps.
