Here are a couple of inside bar trades I took recently. The first was an H4 inside bar which is off a 50% retracement rejection in a downtrend. A whole load of other factors went into the decision to set this trade, but the main one was the trend. The second was a dibs H1 trade the following day, at the London open. Since then there have been plenty of inside bars. I didn't take any of them because those I saw were not good enough. There may have been some worth taking but for whatever reason I missed them.
I dare say if you backtested all the so called valid dibs trades between the 15th and now, you'd be losing. I don't know for sure and I don't have the time to do the arithmetic. Suffice to say, they are not all good. I took a very few H1 dibs trades in this period on other pairs, some failed, some made a modest profit. The closed trades showed a modest profit though and the cable trades are the only ones that are running.
We have to be picky and if we, like me, spent a little time analysing why PC took the few trades he posted we might find out something. Adilius you spend a lot of time on the J16 thread. Ever wondered about taking an H1 dibs trade off the break of a good daily pin bar or, for that matter, any other good J16 set up? It's a very cheap way in.
I dare say if you backtested all the so called valid dibs trades between the 15th and now, you'd be losing. I don't know for sure and I don't have the time to do the arithmetic. Suffice to say, they are not all good. I took a very few H1 dibs trades in this period on other pairs, some failed, some made a modest profit. The closed trades showed a modest profit though and the cable trades are the only ones that are running.
We have to be picky and if we, like me, spent a little time analysing why PC took the few trades he posted we might find out something. Adilius you spend a lot of time on the J16 thread. Ever wondered about taking an H1 dibs trade off the break of a good daily pin bar or, for that matter, any other good J16 set up? It's a very cheap way in.
Gone to a better place