Before joining The Forex Guy, I was under the assumption that multiple inside bars had to be inside the first bar only (instead of each bar being inside each successive bar as taught here).
Is there any value in this type of setup, or should it be ignored?
Thanks in advance.
Comments:
The profit margins are better than usual (previously average successful trade was ~ $50.00), but I would have larger failures. So this is an improvement so far :cool:
EUR/USD:
There were 2 successfil trades here.
The first was a sell placed manually & hit its Take Profit @ $ 123.62 :)
The second trade was opened & closed manually. It was closed because it went further than I expected, so I used the 1hr TF to close before it turned around. $238.79 profit.
AUD/USD:
This trade was a SELL trade failure. It was opened manually & closed manually at $4.00 profit. It was taking too long to materialize & started to look like it was going the other way (which it did).
EUR/USD:
This was a good trade, the yellow lines are the outside of the consolidation. The blue lines are my support & resistance. I took the trade manually right after the close of the reversal bar. Target was the upper yellow line. I closed the trade manually. It was a good trade at $101.00...
Heelo to all,
I am trading a DEMO account at the moment.
The issues:
My biggest issue is trying to listen to too many people & trying too many systems. I seem to get better & then change everything. Of course indicators were always involved. I also had a habit of closing the trades too early &...