Inside Bar Trading System

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.

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.

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?

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

Just an update:

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

Made some profit

Just spotted an inside bar and placed the following trade:

EUR/GBP, 8005, Short.




DYOR,


Ronnie