Inside bar scans

ronnie wrote: Hi Monkeyz,

Do you mean AUDUSD? Just put my trade in now for that one. Have had few losses recently hope this does not continue to be the case but I guess its just part and parcel of trading.

Good idea about the scan! Looks good mate.

Ronny if a trade has been set up for an inside bar and then before this is triggered another inside bar occurs (for example the next day). Would you set up a second trade in relation to this second bar or just leave the existing one to be triggered?

Hope that makes sense.

Amo, you trade every inside bar so even if have a trade set up for an inside bar and then another inside bar occurs you would still do a second trade.

Hope this make sense too!

Hi Ronnie,

No was looking at the AUDCAD last night. Here is a chart from this morning.



dl.dropbox.com/u/24866576/January%202013...%20160113%200745.gif

M.

Hi Monkeyz

I am also using updata can you please let me know how to scan for inside bars. I would be more than happy to share some of mine of P&F.

Can I request you to email me.

Thanks
Ramu
ram2206@gmail.com

Today's scan below, GBPEUR below 1.2?

https://dl.dropbox.com/u/24866576/January%202013/160113.xps

dl.dropbox.com/u/24866576/January%202013/160113.xps

M.

hello.

Trading every Inside Bar, is not the best way of going about things. An inside bar on Support or Resistance is the best way.

If you do trade every inside bar, be mindful of near by

1. 0000 numbers, these are psychological numbers and reversals happen , so you don't want to short or go long into them. As the market will usually reverse there.
2. Monthly and Weekly Pivots
3. Weekly Support/Resistance, areas and levels which are touched multiple times.
4. Weekly/Monthly Trend Lines, price more than not bounces off a trend line

Just my 2pence