Take a look at the direction or close of the inside bar as well as tl?
(Another old fool
I taken a short on the 15min IB at 0826 5276.5
The averages are bearish. At 0852 support is being tested at 5261
Yester day I lost 9 points
Take a look at the direction or close of the inside bar as well as tl?
(Another old fool
I taken a short on the 15min IB at 0826 5276.5
The averages are bearish. At 0852 support is being tested at 5261
Yester day I lost 9 points
I took 10 points out of that. Could have been much more but got greedy and hung on too long.
low of 1500 bar is 16604 so moving stop up to just below the round number to 16597 so hopefully 20points locked in.
Hey foredog thanks for keeping this going,I've probably learnt more from this thread and it's links than any of the books I've read.
Quick question do you take the high/low of the previous bar as your entry or is it still +/- 4 from there
We have an Inside bar today on Cable around 10am...using hourly bars....how would you trade it Donovan ?
Actually I have an order in at 16583 which it hasn't yet reached.
I have a 60 day MA set up on my chart and tend to go with the trend of that.
Oops just as I'm writing I've been pulled into EUR/JPY at 13695 stop 20 pips below,this was from th IB also at 10