Inside bar scans

EURUSD & CADCHF looking like the best of the bunch for today:

EURUSD

dl.dropbox.com/u/24866576/January%202013...%20Spot%20280113.gif

CADCHF

dl.dropbox.com/u/24866576/January%202013...%20Spot%20280113.gif

M.

I had been testing this strategy in a demo account which unfortunately was closed on Thursday due to the 14 day period being up, annoying as I am a paying customer with a live account I have with IG Markets!

I had two trades on the go with them at the time being the USDCHF and GBPEUR. I had a number of other orders but can't remember all the pairs.

USDCHF was and would still be in good profit and the GBPEUR would now also be in good profit. The key is looking for this set up near major support or resistance.


dl.dropbox.com/u/24866576/January%202013...%20Spot%20250113.gif


dl.dropbox.com/u/24866576/January%202013...%20Spot%20250113.gif

M.

Hi, I have started trading this but didn't get chance to do it a couple of nights ago. From a look at the charts yesterday it seems it was the worst possible night to miss setting up trades.(just my luck). Did many of do you well from Wednesday trades?

Amo

Scans for the 23rd below:

dl.dropbox.com/u/24866576/January%202013/230113.xps

Cheers,
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

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.