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TOPIC: Inside Bar Trading System

Inside Bar Trading System 29 Oct 2014 21:24 #1

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Hi Rab,

I still do the inside bar trading but like you I only do it now and then. Its been ok for me, I think its more of a long-term system so you do need patience.

It sounds like your doing really well having done a 100 trades without losing money, if its working then thats great!

If you wanna try something different, I know that some people are doing the 1-hour system on the FTSE, if you are interested have a look at that one under trading systems forum. Again that one is for long-term also.
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Inside Bar Trading System 29 Oct 2014 14:38 #2

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Hi Ronnie,

Are you (or anyone else ) still using this system? I have been using it on and off for the last 12 months, when I have time. It has been teaching me the discipline of recording my trades and placing automatic stops and limits. I have only made a small profit, but the important thing is that I now have over 100 trades behind me without losing money, and that was all my original goal was! Now that I can do that, I'm wondering whether I should keep using this system or look for something more sophisticated. So, does anyone out there use this as a sole strategy and can report any long-term success?
Last Edit: 29 Oct 2014 14:39 by Rab Munro.
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Inside Bar Trading System 14 Jan 2013 23:10 #3

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Inside Bar Trading System 14 Jan 2013 23:09 #4

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Hi Ronnie thank you for the link, and as you say it doesn't highlight the inside bar but
they are not hard to spot, tried it out and I am pretty pleased, and will carry on
testing for a bit. But below is a link to Eur Chf which had an inside bar or 2, I have used
a 13ema and 21ema, and noticed retest of support + consolidation of price which gave
clear entry and stop loss, some fibs and ewt for good measure and thats a decent trade,
with possibly more to come.

dl.dropbox.com/u/43650856/EUR%20CHF%20-%20Inside%20bar.htm
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Inside Bar Trading System 10 Jan 2013 06:11 #5

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Ronnie

it does highlight, I got one from remo that is in Expert advisor format, so once your scanner find the stocks with IB you can open expert advisor and it will highlight for you( not sure if is working correctly, but it does highlight)
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Inside Bar Trading System 09 Jan 2013 22:09 #6

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it gives you a list of companies or currencies that have inside bars but when you open the chart it is not highlighted, so not great..something that needs improving.

The link you need is:

www.dropbox.com/s/pmysnmciikb5hot/CV%20Inside%20Bar%20Scan.exe
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Inside Bar Trading System 09 Jan 2013 21:05 #7

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Hi Ronnie,

Can you send me the link please, but I am confused, what does the scan do
if it doesn't highlight the inside bar?
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Inside Bar Trading System 09 Jan 2013 20:59 #8

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doh.. :oops: Thanks FTSE80.

Totally forgot that there is one but its doesn't highlight it in the chart for you so you have to find it manually yourself anyway so I don't really use it. :whistle:

I can send you the link if you want to download it.
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Inside Bar Trading System 09 Jan 2013 19:39 #9

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didn't they create it for remo already? I have one on my MS that Remo sent to me few months ago?
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Inside Bar Trading System 08 Jan 2013 11:59 #10

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Hi Broad-rock,

At the moment I am looking for the inside bars manually using MetaStock however, I will find out from our contact at MetaStock if its possible for them to create a scan for us.

Will let you know what they say.
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Inside Bar Trading System 08 Jan 2013 10:32 #11

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Hi Ronnie well done with trading this system.

Do you scan for these inside bars ? I am using Metastock Pro 12 also,
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Inside Bar Trading System 08 Jan 2013 08:54 #12

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Certain currencies are more volatile and on them I increased the stops and limits, so not all currencies have 50 pips as a stop.

Once you start the system you start getting a feel for the currencies and can adjust the limits and stops as long you keep the to the rule of 1/4 ratio.
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Inside Bar Trading System 07 Jan 2013 22:56 #13

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Ronnie am I right in thinking that you adopted the strategy of doubling your stops and limits on anything trading over 10000 pips
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Inside Bar Trading System 07 Jan 2013 16:41 #14

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Thanks Ronnie and well done :)
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Inside Bar Trading System 07 Jan 2013 16:33 #15

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I've been monitoring the following pairs:

EUR/GBP, EUR/USD, USD/JPY, AUD/USD, GBP/JPY, EUR/JPY, GBP/USD, USD/CAD
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Inside Bar Trading System 07 Jan 2013 16:23 #16

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Hi Ronnie,

Thanks for posting that. How many pairs have you been monitoring ?
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Inside Bar Trading System 07 Jan 2013 16:13 #17

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Hi Guys,

Please check-out my blog at: www.chartsview.co.uk/blog/inside-bar-tra...em-live-example.html

Just a review and update on the Inside-Bar Trading System I have been testing for the past 2 months.

I hope you find it useful and it gives you a better idea of whats involved in the system, DYOR ;)
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Last Edit: 07 Jan 2013 16:14 by ronnie.
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Inside Bar Trading System 02 Jan 2013 16:02 #18

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keep an eye out on the wifes inside bar trading update.
I think a lot of you will be surprised at how successful it has been in 2 months.
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Inside Bar Trading System 30 Nov 2012 12:58 #19

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It's doing ok, I am up overall on the system.

However, you do get a few losses and the profits you make do take some time.

That EUR/JPY trade took nearly a month to make profit, so you do need patience.

So not really a quick win system but more for the long-term. :)
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Inside Bar Trading System 30 Nov 2012 12:36 #20

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Well done Ronny. Small loss's but a very large winner. I like it.

Does this mean overall the system is working well?
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Inside Bar Trading System 30 Nov 2012 12:14 #21

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Update on progress:

EUR/USD, 12992, Long, stopped out, loss :(
AUS/USD, 10483, Long stopped out, loss :(
GBP/USD, 16043, Long, stopped out, loss :(
EUR/JPY, 10376, Long, reached limit, made 400 points, profit :)


please do your own research ;)
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Inside Bar Trading System 26 Nov 2012 22:53 #22

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New trades today for inside bar trading are:

EUR/USD, 12992, Long
AUS/USD, 10483, Long
GBP/USD, 16043, Long


DYOR,
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Inside Bar Trading System 23 Nov 2012 17:12 #23

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Update:

Both my USD/CAD positions got stopped out at 9932 and 9950 :(

The other positions I still have open are:

EUR/JPY, 10376, Long
GBP/JPY, 12966, Long
JPY/USD, 8136, Long

All are up for the time being :dry:
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Last Edit: 23 Nov 2012 17:24 by ronnie.
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Inside Bar Trading System 22 Nov 2012 14:34 #24

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Update:

My second trade for USD/JPY at 8071 closed at 8271.

Made profit :)

Have a third trade on USD/JPY still open at 8136.
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Inside Bar Trading System 21 Nov 2012 00:31 #25

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ronnie wrote:
Hi Amo,

I went short on EUR/GBP because the 21-day moving average is pointing down, that's what gives you the signal to go short or to go long.

Hope that makes sense.

Theres an order to go short . So currently no open positions on this.
That's what ronnie means.
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Inside Bar Trading System 20 Nov 2012 22:45 #26

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Hi Amo,

I went short on EUR/GBP because the 21-day moving average is pointing down, that's what gives you the signal to go short or to go long.

Hope that makes sense.
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Inside Bar Trading System 20 Nov 2012 19:49 #27

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EURGBP is forming a double inside bar today so it shouldn't have given a trade signal after yesterday's inside bar unless I understand it wrong.

I thought you trade in the direction of the breakout from the inside bar so if today's whole candle is inside yesterday's which was inside the day before's then there's not been a signal yet.

I am also correct in thinking that a move from a double or even triple inside bar is likelt to be stronger than a move from a single one?
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Inside Bar Trading System 20 Nov 2012 19:18 #28

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Well done on sticking with the rules and showing patience. I took profit on mine way to soon.

It's interesting you have opened a short order on EUR/GBP. I have been long for a few days based on the same system
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Inside Bar Trading System 20 Nov 2012 18:50 #29

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Just an update:

My trade for USD/JPY at 7961 closed at 8175.

Made some profit :)
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Inside Bar Trading System 19 Nov 2012 22:31 #30

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Just spotted an inside bar and placed the following trade:

EUR/GBP, 8005, Short.




DYOR,


Ronnie ;)
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Inside Bar Trading System 19 Nov 2012 13:13 #31

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Oh I see. Im just wondering how long the orders should be kept open following the signal. I havent got any open at the moment but watching with interest. Let me know how you get on.

Amo
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Inside Bar Trading System 19 Nov 2012 13:01 #32

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Hi Amo,

That trade was an order to open for the inside bar on the 26/10/2012. It got activated last night, I am just following the system.

Apparently with this system you can make up to 75% of losses but its the 25% of profits that should make up for it so most of the time you can be wrong.... :blink:

I'm no expert though just trying it out and sticking to the system and seeing how it goes.

Follow me at your peril :evil: .....LOL

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Last Edit: 19 Nov 2012 13:01 by ronnie.
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Inside Bar Trading System 19 Nov 2012 12:43 #33

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Amo wrote:
Hi Ronnie, Good luck with your trades.

I'm a little confused with this system as my understanding was the trigger needs to be a candlestick/bar that is completely within the range of the day before. I have had a look at the EUR/JPY chart and cant see this. (also noticed Jackozy has gone short).

Have I misunderstood the system?

Thanks
Amo

Sorry that was meant to be regarding GBP/JPY.
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Inside Bar Trading System 19 Nov 2012 12:42 #34

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Hi Ronnie, Good luck with your trades.

I'm a little confused with this system as my understanding was the trigger needs to be a candlestick/bar that is completely within the range of the day before. I have had a look at the EUR/JPY chart and cant see this. (also noticed Jackozy has gone short).

Have I misunderstood the system?

Thanks
Amo
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Inside Bar Trading System 19 Nov 2012 09:13 #35

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Morning guys,

The trades I placed last night are:

EUR/JPY, 10376, Long.
GBP/JPY, 12966, Long (activated).
JPY/USD, 8136, Long.


DYOR,

Ronnie
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Inside Bar Trading System 15 Nov 2012 15:15 #36

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Hi Amo,

Don't blame you, I have moved my limit to near the resistance level as it may bounce from there.

I'll be looking at the charts at 10pm tonight for more opportunities ;)

Ronnie
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Inside Bar Trading System 15 Nov 2012 14:33 #37

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Hi Ronnie, I've closed out my USD/JPY to take profits. A little premature based on the 200 pip rule but I couldn't resist. Looking to monitor the forex charts daily for a similar trade to emerge.
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Inside Bar Trading System 14 Nov 2012 20:08 #38

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Hi Amo,

I've made a loss on a few but I've also made profit.

At the moment making money on USD/JPY and USD/CAD. :cheer:

I started getting a bit disheartened with the losses I made but I have realised that it takes time and that trading is about accepting your losses and not giving up! ;)

Good luck with your trading, let me know how you get on.

Ronnie
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Inside Bar Trading System 14 Nov 2012 18:40 #39

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Hi ronnie, I tried this system with USD/JPY going long at 7950. So far so good so I'll be checking charts for future setups. How are your other trades fairing?

Amo
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Inside Bar Trading System 12 Nov 2012 22:47 #40

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My trades for inside bar system:

USD/JPY, 7961 Long
GBP/JPY, 12588 Short
EUR/JPY, 10079 Short
EUR/USD, 12700 Short
USD/CAD, 10010 Long

Each one has stops and limits attached.

DYOR,

Ronnie
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Last Edit: 12 Nov 2012 23:25 by remo.
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Inside Bar Trading System 06 Nov 2012 09:42 #41

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I've always left the trading to Remo as he's so good at it ;) but I can't let you guys have all the fun!

I've decided to take the plunge and try out the inside bar trading system. I've placed 4 trades, only betting small money 50p a point.

The first trade has been activated and was on AUS/USD. Bought at 10375 (5 pips from inside bar high) stop loss 50 points and limit 200 points.



These are my other trades, obviously I'm just a beginner so do your own research:

GBP/JPY - 12966.0
USD/JPY - 8071.0
USD/CAD - 9982.0

For some of them, due to where the inside bar entry level is, which is bang on at resistance I placed my trade above the resistance.

DYOR,

Ronnie
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Last Edit: 06 Nov 2012 09:43 by ronnie.
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