Comments on: Inside Bar Forex Strategy AUDJPY – Tweaked Entry

By: George

George — Wed, 30 Nov 2011 09:08:22 +0000

Thanks.

By: bridgespotter

bridgespotter — Thu, 10 Dec 2009 21:51:47 +0000

Lots of inside bars on daily today so time to add them to the pinbars and fakey setups already in my repertoire. Thanks again Nial. Forum really humming.
bridge

By: damion

damion — Tue, 01 Dec 2009 02:35:09 +0000

Nial,
Although this trade paid off, is it a good practice to buy close to resistance lines? Also, how often, on average, is there an occurrence of a trading opportunity using your strategy?

Peace,

By: Lisa

Lisa — Thu, 29 Oct 2009 18:28:10 +0000

I lost several inside-bar trades recently
playing “inside pin-bar combos” in the direction of the
pin-bars rather than the break-outs.
I finally *got-a-clue* from the 12/28/08 & 1/1/09 …
free videos.
(wait for the break-out confirmation ! …
despite the price action signal e.g. perfect pin-bars)
Funny how this video also addressed my recent “query”
Although, these inside(pin-bar, combos ?) look to signal the direction of the move …
and they’re nice little candles for a reasonable
“tight-stop” / risk-reward etc.
not all of the recent “inside (pin-bar, combo) break-outs” have been as *pretty*

I actually traded this pair 10/25/09 (against the trend) and made-up for some of my losses, but I need more information/help ~ lol
I seem to do better against than trend than with,
even though I know you advise against that for new traders.
Thanks for the free information, Nial.

By: nial

nial — Wed, 28 Oct 2009 07:37:22 +0000

Most likely, this trade would havealso been a valid IB break out, but it woul dhave been stopped out or possibly a break even trade.
I think when you have the resistance level setup as per this videos example, its certainly a higher probability trade.

The stop is traditionally placed under the inside bars low, or if its a really tight setup, below the mother candle low.
having said that, many IB break outs are very fast and a tighter stop could be used.

Nial

By: TADfx

TADfx — Wed, 28 Oct 2009 06:49:14 +0000

Allways informitive.
all the best Terrance

By: Matt

Matt — Wed, 28 Oct 2009 06:13:51 +0000

Hi Nial

On this chart there is also an IB set-up on 21 and 22 October. Would you have also taken this trade on the long side. Also where do you place your stop loss.

Cheers

Matt