Saturday, November 8, 2008

INSIDE OUT

I am trying to follow this method properly so we need to only trade real Inside Bars. On Thursday morning my charts with Ig showed that the 6am bar had only traded 2 pips above the 5am bar, so although it was not strictly an Inside Bar i would've been tempted to take a break of it as this is usually when the market comes to life so there could have been a decent trade.

So i let this trade go and although it did go up to start with it would have only produced only a break even trade at best using the 50% stop.

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