elitejets
Established member
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Nope. You can either buy a cheap windows keyboard or
Hit fn + shift + F11
Here is the apple article telling you how: http://support.apple.com/kb/HT1220
The item you want is about 1/5 down the page.
Nope. You can either buy a cheap windows keyboard or
Hit fn + shift + F11
Here is the apple article telling you how: http://support.apple.com/kb/HT1220
The item you want is about 1/5 down the page.
eddietheeagle
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Claims to make $$$ trading inside bars and cannie print a screen and post. Plank
rathcoole_exile
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aye, the guy's an eejit
chloe_wong
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oh, before I read your thread, I really thought you had already earned $2,200.
lbranjord
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Go MetaTrader Charts! They rock. I've always got an MT chart on my second monitor
Oanda charts, why even look lol. They really need to step it up, but not change they're order placing cause I like that part.
Congrats on the wins, no matter how they came
lbranjord
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My strike is around 60-70% and I never go over 50 pips stop or profit. So i don't have to be pulled down five days in a row before hitting a homerun.
I have developed plenty of daily systems like you described, thriving on many small losses and one huge win, but i found it wasn't for me.
I think everyone should build their own strategy, so they know it and can learn from it.
rathcoole_exile
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i dont think i was referring to you as the eejit in question
a least, not then........
For me, it seems rather odd that over the course of 6weeks you lost 29 pips in total, and yet in post #69 you mentioned that you allowed yourself to lose 49 pips in the course of just one day. Just seems rather inconsistent to me.
rathcoole_exile
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perhaps that's because he's just full of BS ?? :whistling
neil
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Attachments
lbranjord
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i dont think i was referring to you as the eejit in question
a least, not then........
Har har...rath!
sniper012
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well I will respond to your post. When I say lose, yes, we will all have trades that do not go our way for whatever reason. Now just because I incurred a 49 pip loss on a trade, that can easily be recouped during the course of the trading day. So if I lose 49 pips on a trade but I make 80 pips on my other trades, then I haven't really lost anything. When I looked at my account at the end of that day, I had a profit. that is all that matters. End of day, end of week or end of month. As long as I'm up when it's over.
TraderNumber7
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Two Grand is OUT Standing. Keep up the excellent Inside Bar hunt.
Now, the reason I like threads like this is because of the genuine enthusiasm and honesty with which they are made by the respective OP. Sniper, good work, but let me use your excellent work to give you a reason to "pause" and consider something else that might boost your profitability.
Have you ever considered that maybe, just maybe, these so-called "Inside Bars" are not as far few and in-between as you might have first imagined? I use the word "imagine" for a good reason - were you aware that you could create your own Inside Bars, almost at will? Yep - you sure can, Sniper Man!
See, I love trading - I really do. :cheesy: And, over the years, what I have found is that there are endless possibilities for creating good trading tools that consistently turn decent profits that can be relied upon for genuine wealth creation.
Ok, so, let's say you are looking at one of your MT4 H1 Charts. MT4 must be the de'facto standard, cause we all use them or have used them at one time in the Forex. Anyway, lets zero down to a specific time-frame. Go take a look at EURUSD between 2007.07.16 00:00 and 2007.07.22 22:00 on the H1. Now, I could pick any date range, but I just happen to be working this segment of time on another "tool" of my own called PSAR Event Horizon.
Now, with that date range showing on your MT4 screen for EURUSD, zoom in on Monday, 2007.07.16 at 00:00hrs, then look left for 24 hours and then right for 24 hours. Note that the 13th (previous Friday) and the 17th (coming Tuesday), virtually mimic the same horizontal price action. Got that image? Good. Now, let's move on.
Note that the 16th is not an Inside Bar of the 13th - got it? Good. Start with 2007.07.16 at 00:00hrs H1. That bar closed UP. The next bar [01:00hrs] also closed up and also became the Inside Bar to 00:00hrs. Ok, so most people say: "Gee - there she goes - an Inside Bar on the H1 chart - I'll trade the very next break-out." Of course, this would be conventional thinking and you know by now that I'm no conventional thinker. Ok, so sure - the very next IB break comes to the upside in the 02:00hr for approximately 5 pips. Most Retail Pimps - sorry - I mean Brokers in FX charge about 2 pips these days for providing you this wonderful service, to you clear about 3 pips profit on a Bar that was 6 pips deep, for a ratio net of 33% of the available magnitude. Now, from a ratio standpoint, that's not bad at all, considering your draw down was practically the spread alone.
But, here is what I want you to see, Sniper Man: [fasten your seat-belt because this might get a little fuzzy]
Step-by-Step, let's create an Inside Bar on the Fly. Call them Fly Bars, if you like, I don't have any marketing rights to anything here - lol!
Step 1:
Consolidate Bars: 00:00, 01:00, 02:00 and 03:00, into a singular Bar [this one just happens to be a Hybrid, On the Fly, 4 hour Bar]
Step 2:
Note the Close position of the 04:00 Bar. It creates the first full one hour Inside Bar against the Hybrid Fly Bar.
Step 3:
Follow all consecutive Highs and Lows from the Close of the 04:00 Bar, until the Hybrid Fly Bar's High or Low is breached. [this will include all Bars ranging from 04:00 through 06:00, in this example]
Step 4:
Note the 07:00 Bar. That is the Bar that takes the plunge against the Hybrid Fly Bar's Low level at $1.3772. Bar 07:00, breaks the Hybrid Fly Bar at its Low and move lower to $1.3759, for 13 pips on a Bar that was 28 pips deep, for a ratio net of 46.4% of total available magnitude.
Anytime you can capture 40+% of anything more than 10 pips deep, that's not moonshine territory to sniff at.
Moral of the story? Think outside the box.
Create sensible rules around this approach based on provable, historical data and know WHEN to create Fly Bars and when NOT to create Fly Bars and you can rack-up some fairly impressive Scalping Skins. Changing baseline Time-Interval also changes the rules, so be careful to mind the details of your protocols for creating Fly Bars and keep your trade on the safe side.
Fly Bars, Floating Bars, Consolidated Contiguous Bars or CCB; who cares what you name it - just start thinking in ways that OTHER Naysayers don't/can't and you can climb out of the $2,000 per trade range to join the Elite traders of the world who spend $2,000 on Roll Over alone!
This message has been brought to you by the Thinking Outside the Box Society of America. Where Imagination collides with Hard Work to create your Destiny!
Have fun with it!
TraderNumber7
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Sniper,
Don't get angry - Get Creative!
Creativity will always trump stupidity - every single time - in the long run.
Climb out of the box to realize some of the unlimited ways to profit in the currency markets as a Trader.
Don't get angry - Get Creative!
Creativity will always trump stupidity - every single time - in the long run.
Climb out of the box to realize some of the unlimited ways to profit in the currency markets as a Trader.
sniper012
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I believe this might be it?
Attachments
rathcoole_exile
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"so we short"
....then get stopped out......oops
....then get stopped out......oops
lbranjord
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or... Sniper uses the pip distance of the hybrid bar as his target profit and there's a good chance he nails it. Not saying that system will win or lose in the long run, but there are a million ways to filter and transform this hybrid bar idea, it all depends who is swinging the sword...
As with most trading ideas/systems, it cannot be summed up in a pessimistic one-liner.
sniper012
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Thank you! As Jay-Z says "A wise man said, don't argue with fools, cuz people from a distance can't tell who is who." You are absolutely right, first of all, that the target would have been hit, based on the pip distance. This particular trade had a target of 12 pips but actually, the pair moved close to 60 pips before going in the opposite direction so that would be about 5x the expected profit. Isn't it weird when people comment about things that they know absolutely nothing about? My second point is; I posted that chart just to get some clarification about the method, which someone just put me on to. I don't claim it to be my method. I don't ask anyone to follow it and I don't claim to have profited from it..although I did profit from it big time today.
