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Hard1Head1 Inside Bar Trading System I have been asked several times about this trading technique, so I have decided to start a thread. All you need for this is a 30 Minute chart, Daily Pivot Points and the ability to draw trendlines on your chart. So join in and we will graduate to the higher charts together. Once we get several people together, we will assign different pairs to watch so we can catch them all. Below you see an example of an Inside Bar trade that is triggered to the low side. Once the Inside Bar is formed, you take the High and the low of the previous candle. When the price breaks to the low side 3 pips below the trigger candle low a stop is placed 5 pips above the high of the same candle and the opposite is the same for longs. Entry will vary, you can put a T/P at the nearest Pivot point or you can watch the trade and try to ride it out. You can pull your stop to B/E and just wait for the big ones or you can just settle with 10 or 15 Pips. There are many ways to make it work so lets give it a try. Profit Targets: If you are trading 1 mini then you have no choice but to target the ATR value at the time of the IB as shown in the 2nd chart below, or the first line of support or resistance, such as a Pivot Point or a distinct low or high.. If you can pull profit, then you would pull 1/2 of your profit off at the ATR or first line of support or resistance and move stop to B/E and let the other 1/2 run to Support or resistance or double the ATR. On the third chart you see a plethora of opportunities: IB 1) No long here, only short. You see there is plenty of room to the trendline. Counter trades can be profitable especially trading away from the DPP. ATR says 38 and there is at least 60 to the UTL. Nice trade for 38 pips. IB 2) Nasty head-fake here and I probably would not have taken 2 counters in a row. If I did, it would have been a loser. No long trade here because there is no room to the DPP. IB 3) A double header and you always take the longer trigger bar. You would check and see that the ATR is 36 and the M3 Mid Pivot is 47 away. A good trade that nets 47 pips. IB 4) This is a trade within a trade, ATR is 36 but M3 is only 26 so we settle for 26 here. A good trade at 26 pips. IB 5) Another Double Header and by rule we take the first trigger bar and ignore the other IB. Trading away from the 89 and M3 we have a good 80 pips to the DPP. This one does not spring back to hit your B/E stop and ATR is 40 so you pull 1/2 profit at 40 and let the other run. A good trade at 120 total pips.

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  • Hard1Head1InsideBarTradingSystem

    Ihavebeenaskedseveraltimesaboutthistradingtechnique,soIhavedecidedtostartathread.Allyouneedforthisisa30Minutechart,DailyPivotPointsandtheabilitytodrawtrendlinesonyourchart.Sojoininandwewillgraduatetothehigherchartstogether.Oncewegetseveralpeopletogether,wewillassigndifferentpairstowatchsowecancatchthemall.BelowyouseeanexampleofanInsideBartradethatistriggeredtothelowside.OncetheInsideBarisformed,youtaketheHighandthelowofthepreviouscandle.Whenthepricebreakstothelowside3pipsbelowthetriggercandlelowastopisplaced5pipsabovethehighofthesamecandleandtheoppositeisthesameforlongs.Entrywillvary,youcanputaT/PatthenearestPivotpointoryoucanwatchthetradeandtrytorideitout.YoucanpullyourstoptoB/Eandjustwaitforthebigonesoryoucanjustsettlewith10or15Pips.Therearemanywaystomakeitworksoletsgiveitatry.

    ProfitTargets:Ifyouaretrading1minithenyouhavenochoicebuttotargettheATRvalueatthetimeoftheIBasshowninthe2ndchartbelow,orthefirstlineofsupportorresistance,suchasaPivotPointoradistinctloworhigh..Ifyoucanpullprofit,thenyouwouldpull1/2ofyourprofitoffattheATRorfirstlineofsupportorresistanceandmovestoptoB/Eandlettheother1/2runtoSupportorresistanceordoubletheATR.

    Onthethirdchartyouseeaplethoraofopportunities:

    IB1)Nolonghere,onlyshort.Youseethereisplentyofroomtothetrendline.CountertradescanbeprofitableespeciallytradingawayfromtheDPP.ATRsays38andthereisatleast60totheUTL.Nicetradefor38pips.

    IB2)NastyheadfakehereandIprobablywouldnothavetaken2countersinarow.IfIdid,itwouldhavebeenaloser.NolongtradeherebecausethereisnoroomtotheDPP.

    IB3)Adoubleheaderandyoualwaystakethelongertriggerbar.YouwouldcheckandseethattheATRis36andtheM3MidPivotis47away.Agoodtradethatnets47pips.

    IB4)Thisisatradewithinatrade,ATRis36butM3isonly26sowesettlefor26here.Agoodtradeat26pips.

    IB5)AnotherDoubleHeaderandbyrulewetakethefirsttriggerbarandignoretheotherIB.Tradingawayfromthe89andM3wehaveagood80pipstotheDPP.ThisonedoesnotspringbacktohityourB/EstopandATRis40soyoupull1/2profitat40andlettheotherrun.Agoodtradeat120totalpips.

  • IB6)ThistradeisignoredbecauseyouarealreadyinacounterandyouaregettingtoclosetoDPP.

    231Pipsinonemorning,didntevenbreakasweat.

    PairsTradedhere:USD/JPYEUR/USDGBP/USDUSD/CHFUSD/CADAUD/USDEUR/JPYGBP/JPYForexpieriencedtradersonlyEUR/CHFCHF/JPYEUR/GBPForexpierincedtradersonlyNZD/USD

    LONGSTOPSARE5PIPSBELOWTHETRIGGERBARLOW.SHORTSTOPSARE5PIPSABOVETHETRIGGERBARHIGH+Spread.

    Ifthereisanyonewhocouldhelpmemoderatethisroom,pleasesendmeamessageasIcannotbehere24hoursaday.

    Thereisonemorething,StayoutofIB'swhenthesessionsopenandclose.Waitandtradethemomentum.Ihaveseenthismethodfailafewtimesandtheyhappenrightattheopeningofacertainsession.

    Seepost#665fordirectionsonTrailstopE.A.

    5Questionstoaskmyselfbeforepullingthetrigger!!

    1)AmItradingtrendwiseoratleastwithT.O.M.(TrendoftheMoment)?

    2)AmItradingawayfrommytrendlines?

    3)AmItradingduringanynewsreleases?

  • 4)AmItradingjustbeforesessionopens.

    5)AmIclearoftheDPPandthe89SMA?

    T.O.M.=TrendoftheMomentIB=InsideBarDPP=DailyPivotPointDT=DoubletopTT=TweeserTopsUTL=UpTrendlineDTL=DownTrendline

  • InsidebartradesetuponKIWI.

    MyEntry.5305T/P.5285Stop.5340

    Iampullingthisoneoffthetable,Itmaycomethrough,butjusttomuchconsolidationforme

  • ThisIsStillATradingSystem,AlthoughSimple,WeStillWantToTryToStayWithThePredominantTrend,OrTheTrendOfTheMoment!!!

    Belowisanexampleofaninsidebarsetupforadirectionalchange.ThemarketisslowtonightandImgoingtogetanap.Lateron.

    Quote:

    OriginallyPostedbyLasVahGooseHowoftendoesanIBsignalachangeintrend?IsthereawaytotellifaparticularIBisgoingtochange'trendofthemomentUPtoDown?

  • Yes.butitsalittlemoreRisky.Wecanusuallytellwhichwaytosetthelimitorderbylookingattheprecedingcandle,EXA;Exampleinmylastpost.

    JimQuote:

    Don'tWorryIfYouOnlyGet15Pips,JustBankThePipsAndStartLookingForTheNextOne.

    Besuretodrawyourtrendlinesonyourchartsaspossibletargets.

    2Tradestoday,guys.Totaling219pipsifyouusedmyentriesandtradedPivotPointtoPivotPointpullingyourstopupbehindthepreviouscandleeachtimeanewoneformed.Icannotstressenough,youmayhavetopullyourtradeatthenexthighorlow.Beprepared.

  • Keepdrawingimmediatetrendlinesasyougo.Movetolargertimeframeandputsomeofthecloseroneson.Thiswewillrelyoninsteadoflaggingindicators.Wewanttoknowwhatthemarketisdoingnow,not30minutesago.

    Aslongasyouknowitsranging,youwon'thaveaproblem.AsIsaidbefore,youmayonlybeabletotradetothelasthighorlow.Thatswhyweneedtogetouraccountstothepointwherewecantrade2microsor2minis,whateverthecasemaybe.Thatway,ifitgoes10pipswith2on,wecanpull1/2offandpullstoptoB/Eandcatchtherestincaseitdoesgothedistance.

    Checkoutthesereversalcandlesingrayandseeifyoucanfigureoutwhattheyallhaveincommonandwhytheyaredifferentfromtheblueones.Thediff.istheyarefollowingamovedown,wheretheblueonesarenot.Thesearethelittlethingsthatwillhelpussucceed.Noticehowthemovesuparemoredefined.LetstakethefirstcandleingrayasearlymorningturnsintoU.S.session4AMESTformsaniceinsidebar1candlelater.ExcellentchoiceforaIBtrade.Thenextisablueshadowandsamekindofcandlemeaningsomethingtotallydifferent.Allthisis,asimplepauseinthemoveup,butpossiblyconfirmationthemovewillcontinue.Nextgrayshadow44:30PMrespectively.NotagoodtimetotradethiseventhoughaIBisformedandfinallydoesproduceprofitofabout37pips.ThenextblueistheLondonopensparkingalittlevolatilitywithanIBworthtakingforaquick54pipsuptothePivotM3.Thenextblueissimilartothefirstasitisinthemiddleofamovedown.Thenextgrayisthatgraveyardmadeupofareversalcandle,ahammerandadoji.HerewegetthereversalcandletellingusthebearsarelosingsteamatthebottomofthatNonFarmdrop,ok,wearelookingforanIBandwegetitintheformofadoji.Therestishistory,andweevengetanotherconfirmationIB1hourlatertellingustostaywithit.

  • IamnotthebestatteachingandthatiswhyIamdoingthehandsonthinginthethread.IlearnbetterdoingasIgoalongandIamsureyouwillseewhatImean.ForExa:IknowwehaveanIB,(BlueShadow),at16:00andthatisfine.Thenextonecameat18:00andthenextoneintheblueshadowwasat19:00.IsawthetrendlineandtooktheearliestentrythatwasoutsideofthatDownTrendline.Theoneat19:00triggeredBEFOREthetrendlinewascompletelybroken.Andtheoneat16:00wouldhavebeenlateragainandresultedinlesspipsbecausewewouldhavenotgotteninuntil.6391.Again,IamnotgoingtogetgreedyandIwillsuggestmoreoftenthannot,that,ifyouaregoingtopushformorepips,thenyourinthewrongthread.Iwilltakethesafestentryandtherewillbelosses,I'mnotgoingtoblowsunshineupyourbuttandlietoyou.

  • Remember,it'snotrocketscience,yourtrendofthemomentisup,yourbestIBtradesaregoingtobetheonesthatbreakouttothelongside.

    Now,realtimeIdon'tknowifwewouldtakethistradesimplybecauseitisinconsolidation.However,thisshowsthatyoucanstillgetintoagoodtrade,evenwhiletheimmediatetrendisneutral.Thistradeisalmoststoppedout,ifyouareinforthelonghaul,butonlybecauseithasn'tresumeditstrendfromThursdaywhichislong.NFPpushedthisdown,butasthebigguysleftfortheday,thelongtrendofthemomentwasresumed.WegotourbreakofM2,whichwasourtriggerline.NowIdon'tknowhowlongbeforeIcallthetradeoff,Ihaven'tfiguredthatoneoutyet,butIwill.ButhereyouseethemovepastthetriggerlinehitthefirstareaofresistanceimmediatelywhichinmybookIwouldhavepulled1/2mytradeandmovedmystoptoB/E.Iwouldhavebeenstoppedoutduringthenext3candleswith13pips.HadIleftmystopback,Iwouldbestillinthetrade.Butthatisnotthewaywewilltradethis,it'saFridaymorningandusuallywedon'tgetthelongsustainedupmove.OtherwisewetradetotheDailyPivotPoint.....

  • HerewehaveaconsolidationinprogressontheE/JrightaroundNoticeIdrewatrendlineoffof3topstoestablishresistance.ThetrendofthemomenthereisDOWNguys.WeseetheIBformedonthe4:00candle.Now,wearewaryofabreaktothehighside,itcouldbehad,althoughitwentonlytothetrendlinefor25pips.

    Ididthisforareason,inlivetradingtimeweprobablywouldhaveonlyputourlimitordertothedownsideandleftthelongalone.Ifwehaddonethisthingswouldhaveworkedoutgreat.WebrokeourtriggertotheshortsidetothefirstPPthatcameourway22pipsoutwewouldhavepulled1/2ofourload,pulledthestoptoB/EandworkedittothenextPP.Bingo,anotherIBanddownshewentanother147pipstothethirdlineofsupportat118.56.Thisgivesus2minisat23pipsequals46,plusthegarbagerunondownto118.24for147moregiveus193ononemovewith2minis.

  • Samemovedown,anotheropportunityknocks,weseeanotherIBat13:30.Quicklyweloadour2minisonandwetradeittotheDailyPivotPointat117.82,thats82pipstimes2equals164.WemoveourstoptoB/Eandtakehalfoff.SincethisistheDPPweprobablywouldhavesettledforthe164,however,thereare64morepipstoanunknownsupportareainwhichafterseeingthe2spinnerswewouldclosethetrade.We'llcallit164.

    Morningstaragainstthetrendwithalongredcandle.Risky,especiallywiththe89sittingrightthere.Bytheway,Iaddedthe89Smoothcloseinyellow.Eventhoughthistradegoesoffwithoutahitch,itsabadgamble.Andyouwillsoonseethatyouwillberepaidforyourpatience.

  • Wearegettingtangledupinthe89andtheDTLhereguyssowehavetobecareful.TheIBheredoesendupgetting62pipsbuttheDTLisonly7pipsaway.AnythinglonghereuntiltheDTLisbrokenistaboo.

    Bytheway,IhaveopeneduptheStochasticsandeventhoughthisisalaggingindicator,itcanhelpuswithdirectionthroughdivergence.ThatiswhatIamlookingfor.Iuseitonlyfordirection.

    Anythingthroughhereisrisky,howevermostcomethrough.Youjusthavetobereadytopullthemquick.25heretoarecentlow.

  • ThereisanIBherebutwewon'ttakeit,why,becausethetrendlineisinoutface.Actuallythiscanbetakenshortatthebreakofthetriggerbottom,butthereisthe89again.Letswait.

    Ok,89istherebuttrendofthemomentisdownalongwiththemajortrend.ThefirstExa:15isok,butrisky.The2ndExa:16isperfectaswebreakawayfromthe89andthefirstredcandleoffthebreakisaflatbottomwhichmeansthenextcandlewillalmostalwaysglowred.Weget72with2minisandmovestoptoB/E.Thistimeitcomesbackandwedon'tgetstoppedoutatB/Eandthepairmovesdownto

  • thesupportitjustformedat116.95whereweexitwith72times2equals144plusthegarbagepips,37foratotalof181onthistrade.Thanksforbeingpatient.

    OK,wemoveonthethenextexample.Wegotanicelongleggedhammertosignalapossiblemovebackuptothe89andDTL.WegetanIBbutweareagainstsowearewary.Wechecktoseeifthereisanyresistanceandweseethe13:00candleandquicklyweseewecanget27.Ifwehadn'tseentheinvertedhammerasthetriggerbar,Iwouldsaypass,butwiththatwecouldhaveachancetogoallthewaytothe89,(Approx.48Pips),orpossiblytheDTL,(Approx.64pips).Itdoesneitherandwetakethe1/2offandsettoB/Eatthelowofthe13:00candle.Itgetsrejectedandstoppedoutimmediately.

  • Herecouldbethefirstloserwehavecomeacross.Now,hereiswhereyouuseyourcluestokeepyououtofthistrade.NoticetheIBcandleandwhatdoyousee.Thisiskindofareversalcandlethatsaysbeware,wecouldbereversing.Westayoutalthough18pipsispossiblebuttherearenotargets.Wesit.

  • Hereisaniceone,butthelongcandleistwiceaslongastheIB.Ipass.

    Backinbusiness,wearecatchingashortoneoffthe89andtheDTL.Wecatch38pipswith2minisbutarestoppedbackoutatBE.Iwillgraciouslytake38here.

    Thistriggerbarisalsoareversalbarwhichinthepositionitisinitiscalledashootingstar.LoandbeholdthereisanIBinthemix.Wegotatargetatthe89inwhichweget43morepipsandwearethenstoppedoutatBEafterwetake1/2profitoff.Wewilltake43.

  • Herewehaveanotherlittleone.Seehowtargetsshrinkwhenaroundthe89.Wewillsteel27hereandbedonewithit.BEwillbestoppedout.

    Jackpot,althoughwearejustabovethe89,aquickcheckandweseewecangetaquick26time2equals52pipstothe89.Weenterthistradethinkingthatwewillonlygotothe89andgetabouncetobestoppedoutatB/E.Butthisisoneofthoseequalizersthatmakeitallworthwhile.Aftermovingtothe89wequicklymoveourstoptoB/E,nevertobehit.Aftertakingoff1/2atthe89weleavetheotherhalfroll,androllitdoes.ThinkingitmaygototheDTLorthelowat12/321:00candle.WepullthetradeaftertheDojipullsbackup.Soweget124+52equals176pips.Arewehavingfunyet.

  • Hereweseeyetanother,dowetakethisshort.No,whynot,becauseyougot3reversalcandlestheretotellyounotto.Thisisaneasynocall,However,wecantakethislongifwecangetthroughtheDTLandtradeittothe89.Boom,thisonecomesback,butsincewedidnothitourtargetourstopremainedthere.Sopricecomesbackaswerideitout.Tradeslikethisyouwanttowalkawayfrom.Itmissesstoppingusoutby2pipsandthengoesonafteraDTLbouncetohitourTPat52pipswherewepull1/2offandpullourstoptoBE.Itmissesourstopagainandblowsthroughthe89headingtothenextmajorDTL.WepullprofitattheHammerwhichisasignofreversal.Nomatter,wegot52+151garbagepips=203pips.

  • Wewilltake40heretothe89andthebouncedoesnotgettoourBEtrade.WeletitrunonintoNFPandpullitafterthespike.Sowegot40times2equal80+153=233ondown.

    Notradehere,Thestoplosswouldbetomuchformyaccountrightnow.

    OK,soyougottheIBpartdownandyouunderstandthesetupandthetriggerright?Good.

    Now,whatJimissayingaboutreversalbars,S&R,&the89isbasicallythatwedon'tjustblindlytakeeverysingleIBonacollar(longandshort)andthen'hope'forittobreakandgoinadirectionfarenoughforourfearand/orgreedtoeitherletustakeprofitorgetstoppedout.Instead,weusepriceaction(reversalbars)andsupportandresistance(pivots,dailytrendline,andthe89)togiveusan

  • indicationastowhatpriceislikelytodo.

    Forexample,ifthedailytrendisdownandwehaveaninsidebarform,butitisonly5or6pipsfromthe89passonit.Morethanlikelyitwillhitthe89andatleastbounceoffitpossiblyfarenoughtostopusout.Instead,sitthatoneoutandwait.Nowifpricedropsbelowthe89andthenextareaofsupportisadailypivot25pipsdownnowwelookforanIB.Whenwegetone,placetwoshortordersatthetriggerline:Thefirstonetakesprofitatthedaily(firstareaofsupport),andthesecondoneruns(withastopatbreakevenafterthefirstordertakesprofit)to(1)thenextareaofsupport(2)tillpriceindicatesareversal(pinbar,doji..etc)or(3)pricereversesandhitsourBreakevenstop.

    nicesystemnottryingtochangeit,Butaninterestingpointyoursmoothed89closedisbasicallythesameasthe200emaclosed.soifsomeoneistradingonoanda(likeme)youmightbeabletouse200emaclosed

    Ibelievethiswillworkwithanypair.Iwillbelookingatallpairs.Withthe30minutetimeframes,wewillhaveenoughtimetoanalyzethepairseasily.Iwanttostickwithanythingwithspreads5orless.E/Uwillbethebestandmostefficient.

    2756ismyTPhere,theDTLonthechart.Stopisat2712

  • Nice,pulled1/2offattheDTLandmovedmystoptoBEat2735.Lovetoseethiscontinueonouttothe4HrDTLyouseeonthischart.

    Mysecondlotismovingonasadvertised.Ilookforthistogoallthewaytothat4HrDownTrendLinebeforebouncingshort.Thenitdon'ttakeEinsteintotelluswhatwearelookingfor,Right.Iammovingmystopupbehindeachcandleastheyclose.

  • LookatEJeveryoneandyouwillseewhatIwastalkingabouttheotherday.Youcanseethereversalcandlesforming.Completewithahangingmanformation.

    Igotconnectionproblems,Ipulledoutearlyonthattradewhenthereversalcandlesshowedup.TheyshowedupasTweezertopsonthe30

    WegotanotheronebrewingonU/Jhereeveryone.

  • HereisthesamechartwithT/L

    TheonlywayIwouldtakethisisUp,people.Iputthetriggerlinesontoshowyouwhatweareupagainst.

  • DidanyonetaketheG/U,Mycomputerwentdown.IaminU/Jthough,butthereisnotmuchroomthere.DTLintheway.Shouldbeok,though.Becareful,ATRonUJisonly22

    OkEveryone,hereisagoodexamplewhywemustbepatient.TheU/JIBjustnowhitprofit.Itneverdidhitthestop.LOLThatwas4HoursagowhenthatIBtriggered.

    NowletstalkabouttheCable.TheDojigravestoneIBwasallweneeded.My17yearoldcouldhavetradedthatone.Wecangetthepips,people,itsjustamatteroftime.

  • Thishammertoldmeitwasabouttobreakthatlittleflag.

    OnethingtokeepinmindwhenIB'sformatorjustbeforeopeningofsessions,theresultingspikescannullifythismethod.Thishappenedat1AMESTthismorningwhentheIBontheE/Uwastriggeredtothedownsideandtheresultingspikeoftheopeningsessiontookmeoutofthattrade.Hey,welearnaswegoandifthisistheonlythingwehavetoworryabouthere,wewillbefine.

    ThatwasanIbandatthetimeyouwouldhavethoughtNotradebecauseoftheDPPat2881,asamatteroffactitisstillstrugglingwithit.ItwascoolifyoupulledyourprofitattheDPP,butI

  • wouldnothavetakenitbecauseitgoesagainstalloftherules.Thetrendofthemomentwasdown,thedistancefromthenextpointofresistancewaslessthan20pips.Andtherewasnewscomingout.Hopethishelps.

    JimQuote:

    OriginallyPostedbyobloIBformedonE/U.Possiblelong?

    NEVER,NEVER,NEVERtakeatradeonapairthatisexpectingbadnewsahead.Especiallywhenthepairistrendinginthedirectionofwherethenewsissupposedtosendthepair.

    IfCadbreaks1.2751wecouldseeitgoallthewayto1.29001.3000area.Checkitout,aHammerafteranIBinthedirectionofthetrendofthemoment.ThenitbouncesofftheDPPandblowsrightthroughthe89....WOWandImin.

    Wasinbed,buddy...LOLgottasleepsometime.Onthattradeyouhavetoweighthepossibilityandsaytoyourself,Igotaresistancelinejustabovewhatwouldbemyentry.Isthereenoughpipstogetenoughprofitthere.Inthiscasetherewere24orso.Iwouldtakethattrade.

    Jim

  • Quote:

    OriginallyPostedbyjonasltEURGBP30minIBsetup

    rightatatrendline,H1H1shedsomelightonthisifyouhaveany.I'mnotcomfortabletoattemptthis oneyet.

    AnyonethathaseverhadamigraneknowwhatImean.Ihavechosetonottradetodayandhelpanswerafewquestionsthatpeoplehavebeenasking.Howtodeterminewhichonestotake.Well,Ifthemarketisconsolidatingorinatriangleliketheonebelow,youhavetobechoosyandyoumusthavethismindset.

    ALWAYSBEPREPAREDTOSETTLEFOR1015PIPSIFYOUARENOTSURE!!

    Lookatthepairbelow,TheAussieshowed3IB'shere,whichonewouldyouhavetradedandwhy.Anyone?Thispairwasinsideatriangleandyoucanseeitbetterifyougotoasmallertimeframe.Thisiswherethelawofaveragescatchuptous.Ifyoutakeeitherthe2ndor3rdone,youcouldonlyhavehopedforthemtocometothetoporbottomofthetrianglewhichisactually2different

  • trendlines.Theanswertothequestionwasthe1stone.Whyyouask,becausethatiswherethelineofresistanceis.Andifyounoticeitturnsouttobeagreattrade.The2ndonefailsmiserably,andwhywouldyouevencontemplatethatonesittingdirectlyontheDPP.The3rdisthesamewayalthoughittradestothetopofthetriangle.Bottomline,TheonlyonIwouldtakeisthefirstone.

    Iwillleaveyouwiththis.Payattentiontodetails.IheardsomeonesayearlierinthisthreadthathisdefinitionofanIBincludedevencandlewicks.IfthewicksareevenitisNOTconsideredanIB!!Also,youshouldbeplacingentry3pipsbeyondtheHighorlow.Thereisagoodreasonforthis,consideringthewickrepresentssomekindofresistance,youwanttoseethatresistancebroken.

    Thismessofcandlessaythispairisgoinglongforabit.

  • Overalltrendisgoingup,trendofthemomentwasdown.

    Ranger,TheonlyreasonIuseStochsistolookfordivergence,particularlyontheDailyandthe4Hr.WhenIseeitIwillshowyouwhatImean.

    LOL....PerfectExampleof30MinhiddendivergenceontheSwissy,andofcourseitwentdown.

    Seehere,http://www.babypips.com/school/hidden_divergence.html

  • a)priceupordownontheday(oraswecallithere,TheTrendofTheMoment)b)Howfarhaseachsignaledpairmovedduringthesession(Iwanttheonemovingthemost)c)Whatistherisk?(Oneofthemostappealingaspectsofthisislowrisk)SometimestheGeppybarsaresolongthatyoucan'tgetatightentry.d)Sincewe'relookingtotakepartoffquickly,Iconsiderthespreadwhencomparingsetups.Iwanttocovermyriskbytakingpartoffasquicklyaspossible.e)Whatisthepotential?Whichpairsarereadytobumpintoresistanceandwhichoneshaveroom.WithHH'smethodwe'realwaysawareofthesmoothed89closeandDailyTrendline.

    IfthereareonlyafewsetupsI'mnotquiteascritical,butthemorethereare,theharderIcompare.Thereareenoughgoodsetupsthattheydon'tneedtobetweaked,e.g.That'salmostan IB,or,I'mgoinglong'cuzit'salmostupontheday,etc.

    Sorry,IhadtodrivemyDaughtertoschool.ThereasonisorwasthesameoneIhavebeentalkingaboutalllastnight.IexpectedtheEurotoweaken,whichmeantashortanditwasrightontopofDPP.Nowafteritwenttothetop,andformedtheHammer,Bingoaniceshort.SorryIcouldn'thaveansweredearlier.

    JimQuote:

    OriginallyPostedbyFOURXwhynotjim?

    longbackto121.65?

  • U/CADcomingdownoffofaDailyTripleTopblowingthroughtheUpTrendLineaswespeak.WOWCheckThisout.

    FYI:Itookthistradeshortasalongterminvestment,thiswasnotanIBtrade.

  • IfyougetanIBatthetoporbottomofthischannel,tradethisdamthingupanddownaslongasitstaysinplay.Gotanicesupportatthebottom,theDPP

  • Sometimesyoucangetalittlehelpfromcandlesthatsignaltheendofarally.Ihavepostedsomebelow.Noticewhathappenswhentheycomeup.Now,justbecausetheypopupdoesn'tmeantheywillchangedirection,solookatwheretheymakethemostdifference.