Inside Bar Trading System

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.

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.

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

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

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

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