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Inside Bar Trading

  • #1,841
  • Aug 5, 2011 11:43am Aug 5, 2011 11:43am
On the subject of stop orders, when trading this way, always use the last 4 hour low or High, to put your stop below or above.

Jim


Quoting autoforex1
You do know you have to add the spread for a limit or a long stop order, don't you?
  • #1,842
  • Aug 7, 2011 8:40pm Aug 7, 2011 8:40pm
Any smart trader would have done what I did and sold on the opening bell at 5 and bought again at 4300. This was easy, unless you are following the EUR/USD thread where they are having trouble with directions. Stick with us here and you will be fine.

I got 137 on the gap up with the long I left on over the weekend.

Took profit at the open at 5 and sold to Fridays close....+118 pips.

Bought again at 4300 with +.....61 pips

Total tonight without breaking a sweat = +316 so far tonight.

Jim
  • #1,843
  • Aug 8, 2011 9:16am Aug 8, 2011 9:16am
I am adding longs here again at the 61.8 fib level. Good night last night but drawn back today. No fears here, still doing good after gap trades last evening. Possibly on its way to test the last 4 hr low. I think it will fall short.
  • #1,844
  • Aug 8, 2011 10:03pm Aug 8, 2011 10:03pm
Update

Current long EU/USD TP @ 1.4500
Current Short USD/JPY TP @ 75.00

Sell limit on E/U @ 1.4500 with T/P @ 1.4000
  • #1,845
  • Aug 9, 2011 10:21pm Aug 9, 2011 10:21pm
Trade about 100 pips from target. +117 pips as of now.

Quoting hard1head1
Update

Current long EU/USD TP @ 1.4500
Current Short USD/JPY TP @ 75.00

Sell limit on E/U @ 1.4500 with T/P @ 1.4000
  • #1,846
  • Aug 9, 2011 10:23pm Aug 9, 2011 10:23pm
This trade is 132 pips from target. I will sell immediately at or around the 1.4500 area.

Quoting hard1head1
Update

Current long EU/USD TP @ 1.4500
Current Short USD/JPY TP @ 75.00

Sell limit on E/U @ 1.4500 with T/P @ 1.4000
  • #1,847
  • Aug 14, 2011 9:01pm Aug 14, 2011 9:01pm
Here we go, looking for 4500 on E/U and 1.138 on E/CHF to sell both.

Quoting hard1head1
This trade is 132 pips from target. I will sell immediately at or around the 1.4500 area.
  • #1,848
  • Aug 14, 2011 9:03pm Aug 14, 2011 9:03pm
Pulled profit on this pair, U/J.


Quoting hard1head1
Update

Current long EU/USD TP @ 1.4500
Current Short USD/JPY TP @ 75.00

Sell limit on E/U @ 1.4500 with T/P @ 1.4000
  • #1,849
  • Aug 15, 2011 8:50am Aug 15, 2011 8:50am
Selling U-CAD at this point, short stop at 0041 and T/P @ 9250. Great R&R on this one.
  • #1,850
  • Aug 15, 2011 12:21pm Aug 15, 2011 12:21pm
I sold at 4476, This is not what I wanted but had to go to work and its as close as I could get for this trade. Dont be surprised to see another push back to 4500 before or during asia.

Quoting hard1head1
Here we go, looking for 4500 on E/U and 1.138 on E/CHF to sell both.
  • #1,851
  • Aug 15, 2011 12:23pm Aug 15, 2011 12:23pm
A push back up to 138 on this pair would be no surprise, actually it would mean a possible D/T on the 1 and 4 hr.


Quoting hard1head1
Here we go, looking for 4500 on E/U and 1.138 on E/CHF to sell both.
  • #1,852
  • Aug 15, 2011 12:24pm Aug 15, 2011 12:24pm
These trades could take Days and more likely, weeks.
  • #1,853
  • Aug 17, 2011 8:56pm Aug 17, 2011 8:56pm
At the precipice. I guess we had to wait for the E/U to hit 4500. Anyway, I am short E/U, E/CHF and U/CAD. 500 pips for 200 risk.
  • #1,854
  • Aug 20, 2011 11:12am Aug 20, 2011 11:12am
This is getting sticky here. Pulling all trade positions. Will update Sunday night.
  • #1,855
  • Aug 21, 2011 7:30am Aug 21, 2011 7:30am
Notice the support off the back side of this 4hr DTL and the Daily and 1 hr support off the 200/89 SMA's. Im long here, with stop below the recent 4 hr Lows. Profit levels shout be 300-400 pips.

Jim
Attached Image(s) (click to enlarge)
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  • #1,856
  • Aug 22, 2011 10:26am Aug 22, 2011 10:26am
You ask, why the recent 4hr low to put our stop behind. We got the answer over night, and we survived the shakeout that I am sure ruined a lot of peoples days. We should be getting close back to even money. If you were smart and in a position to do so, another buy around the .9850 level would have been nice, unfortunately I was driving all night and couldnt comply, but I am sure enough in my trade that I will not lose money on this trade barring any unforseen news event. But stop is postioned for a 3 to 1 Risk to Reward so I am not worried. Bottom line: dont panic when we pull back, thats what dooms most traders as they watch it go on.

Jim


Quoting hard1head1
Notice the support off the back side of this 4hr DTL and the Daily and 1 hr support off the 200/89 SMA's. Im long here, with stop below the recent 4 hr Lows. Profit levels shout be 300-400 pips.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 29 KB
  • #1,857
  • Aug 24, 2011 10:00am Aug 24, 2011 10:00am
They are really trying to shake as much as possible out. News release was the fuel this time. Nice Morning star here.How many didnt pannic.
Attached Image (click to enlarge)
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  • #1,858
  • Aug 24, 2011 11:10am Aug 24, 2011 11:10am
Look at the 8 AM candle, (Yellow Candle), Plays at being a hammer leading traders to believe that the news has been leaked as bad. Traders enter long on the news and to their surprise, get removed from their trades on this massive bullish move on a good number on durable goods report, (Green Candle). This is a trap and I have seen it before. We are safe because our stops were way out of reach.
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 28 KB
  • #1,859
  • Aug 28, 2011 3:37pm Aug 28, 2011 3:37pm
This trade very closely. The Hurricane is not helping matters here and thats my luck this month. Gonna leave it on because of the close stop.

Jim

Quoting hard1head1
Look at the 8 AM candle, (Yellow Candle), Plays at being a hammer leading traders to believe that the news has been leaked as bad. Traders enter long on the news and to their surprise, get removed from their trades on this massive bullish move on a good number on durable goods report, (Green Candle). This is a trap and I have seen it before. We are safe because our stops were way out of reach.
  • #1,860
  • Aug 28, 2011 3:39pm Aug 28, 2011 3:39pm
Gonna buy some yen, but still looking at the charts. If Aussie/yen gaps up I may load a sell immediately. We shall see.
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