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Hard1Head1InsideBarTradingSystem
Ihavebeenaskedseveraltimesaboutthistradingtechnique,soIhavedecidedtostartathread.Allyouneedforthisisa30Minutechart,DailyPivotPointsandtheabilitytodrawtrendlinesonyourchart.Sojoininandwewillgraduatetothehigherchartstogether.Oncewegetseveralpeopletogether,wewillassigndifferentpairstowatchsowecancatchthemall.BelowyouseeanexampleofanInsideBartradethatistriggeredtothelowside.OncetheInsideBarisformed,youtaketheHighandthelowofthepreviouscandle.Whenthepricebreakstothelowside3pipsbelowthetriggercandlelowastopisplaced5pipsabovethehighofthesamecandleandtheoppositeisthesameforlongs.Entrywillvary,youcanputaT/PatthenearestPivotpointoryoucanwatchthetradeandtrytorideitout.YoucanpullyourstoptoB/Eandjustwaitforthebigonesoryoucanjustsettlewith10or15Pips.Therearemanywaystomakeitworksoletsgiveitatry.
ProfitTargets:Ifyouaretrading1minithenyouhavenochoicebuttotargettheATRvalueatthetimeoftheIBasshowninthe2ndchartbelow,orthefirstlineofsupportorresistance,suchasaPivotPointoradistinctloworhigh..Ifyoucanpullprofit,thenyouwouldpull1/2ofyourprofitoffattheATRorfirstlineofsupportorresistanceandmovestoptoB/Eandlettheother1/2runtoSupportorresistanceordoubletheATR.
Onthethirdchartyouseeaplethoraofopportunities:
IB1)Nolonghere,onlyshort.Youseethereisplentyofroomtothetrendline.CountertradescanbeprofitableespeciallytradingawayfromtheDPP.ATRsays38andthereisatleast60totheUTL.Nicetradefor38pips.
IB2)NastyheadfakehereandIprobablywouldnothavetaken2countersinarow.IfIdid,itwouldhavebeenaloser.NolongtradeherebecausethereisnoroomtotheDPP.
IB3)Adoubleheaderandyoualwaystakethelongertriggerbar.YouwouldcheckandseethattheATRis36andtheM3MidPivotis47away.Agoodtradethatnets47pips.
IB4)Thisisatradewithinatrade,ATRis36butM3isonly26sowesettlefor26here.Agoodtradeat26pips.
IB5)AnotherDoubleHeaderandbyrulewetakethefirsttriggerbarandignoretheotherIB.Tradingawayfromthe89andM3wehaveagood80pipstotheDPP.ThisonedoesnotspringbacktohityourB/EstopandATRis40soyoupull1/2profitat40andlettheotherrun.Agoodtradeat120totalpips.
IB6)ThistradeisignoredbecauseyouarealreadyinacounterandyouaregettingtoclosetoDPP.
231Pipsinonemorning,didntevenbreakasweat.
PairsTradedhere:USD/JPYEUR/USDGBP/USDUSD/CHFUSD/CADAUD/USDEUR/JPYGBP/JPYForexpieriencedtradersonlyEUR/CHFCHF/JPYEUR/GBPForexpierincedtradersonlyNZD/USD
LONGSTOPSARE5PIPSBELOWTHETRIGGERBARLOW.SHORTSTOPSARE5PIPSABOVETHETRIGGERBARHIGH+Spread.
Ifthereisanyonewhocouldhelpmemoderatethisroom,pleasesendmeamessageasIcannotbehere24hoursaday.
Thereisonemorething,StayoutofIB'swhenthesessionsopenandclose.Waitandtradethemomentum.Ihaveseenthismethodfailafewtimesandtheyhappenrightattheopeningofacertainsession.
Seepost#665fordirectionsonTrailstopE.A.
5Questionstoaskmyselfbeforepullingthetrigger!!
1)AmItradingtrendwiseoratleastwithT.O.M.(TrendoftheMoment)?
2)AmItradingawayfrommytrendlines?
3)AmItradingduringanynewsreleases?
4)AmItradingjustbeforesessionopens.
5)AmIclearoftheDPPandthe89SMA?
T.O.M.=TrendoftheMomentIB=InsideBarDPP=DailyPivotPointDT=DoubletopTT=TweeserTopsUTL=UpTrendlineDTL=DownTrendline
InsidebartradesetuponKIWI.
MyEntry.5305T/P.5285Stop.5340
Iampullingthisoneoffthetable,Itmaycomethrough,butjusttomuchconsolidationforme
ThisIsStillATradingSystem,AlthoughSimple,WeStillWantToTryToStayWithThePredominantTrend,OrTheTrendOfTheMoment!!!
Belowisanexampleofaninsidebarsetupforadirectionalchange.ThemarketisslowtonightandImgoingtogetanap.Lateron.
Quote:
OriginallyPostedbyLasVahGooseHowoftendoesanIBsignalachangeintrend?IsthereawaytotellifaparticularIBisgoingtochange'trendofthemomentUPtoDown?
Yes.butitsalittlemoreRisky.Wecanusuallytellwhichwaytosetthelimitorderbylookingattheprecedingcandle,EXA;Exampleinmylastpost.
JimQuote:
Don'tWorryIfYouOnlyGet15Pips,JustBankThePipsAndStartLookingForTheNextOne.
Besuretodrawyourtrendlinesonyourchartsaspossibletargets.
2Tradestoday,guys.Totaling219pipsifyouusedmyentriesandtradedPivotPointtoPivotPointpullingyourstopupbehindthepreviouscandleeachtimeanewoneformed.Icannotstressenough,youmayhavetopullyourtradeatthenexthighorlow.Beprepared.
Keepdrawingimmediatetrendlinesasyougo.Movetolargertimeframeandputsomeofthecloseroneson.Thiswewillrelyoninsteadoflaggingindicators.Wewanttoknowwhatthemarketisdoingnow,not30minutesago.
Aslongasyouknowitsranging,youwon'thaveaproblem.AsIsaidbefore,youmayonlybeabletotradetothelasthighorlow.Thatswhyweneedtogetouraccountstothepointwherewecantrade2microsor2minis,whateverthecasemaybe.Thatway,ifitgoes10pipswith2on,wecanpull1/2offandpullstoptoB/Eandcatchtherestincaseitdoesgothedistance.
Checkoutthesereversalcandlesingrayandseeifyoucanfigureoutwhattheyallhaveincommonandwhytheyaredifferentfromtheblueones.Thediff.istheyarefollowingamovedown,wheretheblueonesarenot.Thesearethelittlethingsthatwillhelpussucceed.Noticehowthemovesuparemoredefined.LetstakethefirstcandleingrayasearlymorningturnsintoU.S.session4AMESTformsaniceinsidebar1candlelater.ExcellentchoiceforaIBtrade.Thenextisablueshadowandsamekindofcandlemeaningsomethingtotallydifferent.Allthisis,asimplepauseinthemoveup,butpossiblyconfirmationthemovewillcontinue.Nextgrayshadow44:30PMrespectively.NotagoodtimetotradethiseventhoughaIBisformedandfinallydoesproduceprofitofabout37pips.ThenextblueistheLondonopensparkingalittlevolatilitywithanIBworthtakingforaquick54pipsuptothePivotM3.Thenextblueissimilartothefirstasitisinthemiddleofamovedown.Thenextgrayisthatgraveyardmadeupofareversalcandle,ahammerandadoji.HerewegetthereversalcandletellingusthebearsarelosingsteamatthebottomofthatNonFarmdrop,ok,wearelookingforanIBandwegetitintheformofadoji.Therestishistory,andweevengetanotherconfirmationIB1hourlatertellingustostaywithit.
IamnotthebestatteachingandthatiswhyIamdoingthehandsonthinginthethread.IlearnbetterdoingasIgoalongandIamsureyouwillseewhatImean.ForExa:IknowwehaveanIB,(BlueShadow),at16:00andthatisfine.Thenextonecameat18:00andthenextoneintheblueshadowwasat19:00.IsawthetrendlineandtooktheearliestentrythatwasoutsideofthatDownTrendline.Theoneat19:00triggeredBEFOREthetrendlinewascompletelybroken.Andtheoneat16:00wouldhavebeenlateragainandresultedinlesspipsbecausewewouldhavenotgotteninuntil.6391.Again,IamnotgoingtogetgreedyandIwillsuggestmoreoftenthannot,that,ifyouaregoingtopushformorepips,thenyourinthewrongthread.Iwilltakethesafestentryandtherewillbelosses,I'mnotgoingtoblowsunshineupyourbuttandlietoyou.
Remember,it'snotrocketscience,yourtrendofthemomentisup,yourbestIBtradesaregoingtobetheonesthatbreakouttothelongside.
Now,realtimeIdon'tknowifwewouldtakethistradesimplybecauseitisinconsolidation.However,thisshowsthatyoucanstillgetintoagoodtrade,evenwhiletheimmediatetrendisneutral.Thistradeisalmoststoppedout,ifyouareinforthelonghaul,butonlybecauseithasn'tresumeditstrendfromThursdaywhichislong.NFPpushedthisdown,butasthebigguysleftfortheday,thelongtrendofthemomentwasresumed.WegotourbreakofM2,whichwasourtriggerline.NowIdon'tknowhowlongbeforeIcallthetradeoff,Ihaven'tfiguredthatoneoutyet,butIwill.ButhereyouseethemovepastthetriggerlinehitthefirstareaofresistanceimmediatelywhichinmybookIwouldhavepulled1/2mytradeandmovedmystoptoB/E.Iwouldhavebeenstoppedoutduringthenext3candleswith13pips.HadIleftmystopback,Iwouldbestillinthetrade.Butthatisnotthewaywewilltradethis,it'saFridaymorningandusuallywedon'tgetthelongsustainedupmove.OtherwisewetradetotheDailyPivotPoint.....
HerewehaveaconsolidationinprogressontheE/JrightaroundNoticeIdrewatrendlineoffof3topstoestablishresistance.ThetrendofthemomenthereisDOWNguys.WeseetheIBformedonthe4:00candle.Now,wearewaryofabreaktothehighside,itcouldbehad,althoughitwentonlytothetrendlinefor25pips.
Ididthisforareason,inlivetradingtimeweprobablywouldhaveonlyputourlimitordertothedownsideandleftthelongalone.Ifwehaddonethisthingswouldhaveworkedoutgreat.WebrokeourtriggertotheshortsidetothefirstPPthatcameourway22pipsoutwewouldhavepulled1/2ofourload,pulledthestoptoB/EandworkedittothenextPP.Bingo,anotherIBanddownshewentanother147pipstothethirdlineofsupportat118.56.Thisgivesus2minisat23pipsequals46,plusthegarbagerunondownto118.24for147moregiveus193ononemovewith2minis.
Samemovedown,anotheropportunityknocks,weseeanotherIBat13:30.Quicklyweloadour2minisonandwetradeittotheDailyPivotPointat117.82,thats82pipstimes2equals164.WemoveourstoptoB/Eandtakehalfoff.SincethisistheDPPweprobablywouldhavesettledforthe164,however,thereare64morepipstoanunknownsupportareainwhichafterseeingthe2spinnerswewouldclosethetrade.We'llcallit164.
Morningstaragainstthetrendwithalongredcandle.Risky,especiallywiththe89sittingrightthere.Bytheway,Iaddedthe89Smoothcloseinyellow.Eventhoughthistradegoesoffwithoutahitch,itsabadgamble.Andyouwillsoonseethatyouwillberepaidforyourpatience.
Wearegettingtangledupinthe89andtheDTLhereguyssowehavetobecareful.TheIBheredoesendupgetting62pipsbuttheDTLisonly7pipsaway.AnythinglonghereuntiltheDTLisbrokenistaboo.
Bytheway,IhaveopeneduptheStochasticsandeventhoughthisisalaggingindicator,itcanhelpuswithdirectionthroughdivergence.ThatiswhatIamlookingfor.Iuseitonlyfordirection.
Anythingthroughhereisrisky,howevermostcomethrough.Youjusthavetobereadytopullthemquick.25heretoarecentlow.
ThereisanIBherebutwewon'ttakeit,why,becausethetrendlineisinoutface.Actuallythiscanbetakenshortatthebreakofthetriggerbottom,butthereisthe89again.Letswait.
Ok,89istherebuttrendofthemomentisdownalongwiththemajortrend.ThefirstExa:15isok,butrisky.The2ndExa:16isperfectaswebreakawayfromthe89andthefirstredcandleoffthebreakisaflatbottomwhichmeansthenextcandlewillalmostalwaysglowred.Weget72with2minisandmovestoptoB/E.Thistimeitcomesbackandwedon'tgetstoppedoutatB/Eandthepairmovesdownto
thesupportitjustformedat116.95whereweexitwith72times2equals144plusthegarbagepips,37foratotalof181onthistrade.Thanksforbeingpatient.
OK,wemoveonthethenextexample.Wegotanicelongleggedhammertosignalapossiblemovebackuptothe89andDTL.WegetanIBbutweareagainstsowearewary.Wechecktoseeifthereisanyresistanceandweseethe13:00candleandquicklyweseewecanget27.Ifwehadn'tseentheinvertedhammerasthetriggerbar,Iwouldsaypass,butwiththatwecouldhaveachancetogoallthewaytothe89,(Approx.48Pips),orpossiblytheDTL,(Approx.64pips).Itdoesneitherandwetakethe1/2offandsettoB/Eatthelowofthe13:00candle.Itgetsrejectedandstoppedoutimmediately.
Herecouldbethefirstloserwehavecomeacross.Now,hereiswhereyouuseyourcluestokeepyououtofthistrade.NoticetheIBcandleandwhatdoyousee.Thisiskindofareversalcandlethatsaysbeware,wecouldbereversing.Westayoutalthough18pipsispossiblebuttherearenotargets.Wesit.
Hereisaniceone,butthelongcandleistwiceaslongastheIB.Ipass.
Backinbusiness,wearecatchingashortoneoffthe89andtheDTL.Wecatch38pipswith2minisbutarestoppedbackoutatBE.Iwillgraciouslytake38here.
Thistriggerbarisalsoareversalbarwhichinthepositionitisinitiscalledashootingstar.LoandbeholdthereisanIBinthemix.Wegotatargetatthe89inwhichweget43morepipsandwearethenstoppedoutatBEafterwetake1/2profitoff.Wewilltake43.
Herewehaveanotherlittleone.Seehowtargetsshrinkwhenaroundthe89.Wewillsteel27hereandbedonewithit.BEwillbestoppedout.
Jackpot,althoughwearejustabovethe89,aquickcheckandweseewecangetaquick26time2equals52pipstothe89.Weenterthistradethinkingthatwewillonlygotothe89andgetabouncetobestoppedoutatB/E.Butthisisoneofthoseequalizersthatmakeitallworthwhile.Aftermovingtothe89wequicklymoveourstoptoB/E,nevertobehit.Aftertakingoff1/2atthe89weleavetheotherhalfroll,androllitdoes.ThinkingitmaygototheDTLorthelowat12/321:00candle.WepullthetradeaftertheDojipullsbackup.Soweget124+52equals176pips.Arewehavingfunyet.
Hereweseeyetanother,dowetakethisshort.No,whynot,becauseyougot3reversalcandlestheretotellyounotto.Thisisaneasynocall,However,wecantakethislongifwecangetthroughtheDTLandtradeittothe89.Boom,thisonecomesback,butsincewedidnothitourtargetourstopremainedthere.Sopricecomesbackaswerideitout.Tradeslikethisyouwanttowalkawayfrom.Itmissesstoppingusoutby2pipsandthengoesonafteraDTLbouncetohitourTPat52pipswherewepull1/2offandpullourstoptoBE.Itmissesourstopagainandblowsthroughthe89headingtothenextmajorDTL.WepullprofitattheHammerwhichisasignofreversal.Nomatter,wegot52+151garbagepips=203pips.
Wewilltake40heretothe89andthebouncedoesnotgettoourBEtrade.WeletitrunonintoNFPandpullitafterthespike.Sowegot40times2equal80+153=233ondown.
Notradehere,Thestoplosswouldbetomuchformyaccountrightnow.
OK,soyougottheIBpartdownandyouunderstandthesetupandthetriggerright?Good.
Now,whatJimissayingaboutreversalbars,S&R,&the89isbasicallythatwedon'tjustblindlytakeeverysingleIBonacollar(longandshort)andthen'hope'forittobreakandgoinadirectionfarenoughforourfearand/orgreedtoeitherletustakeprofitorgetstoppedout.Instead,weusepriceaction(reversalbars)andsupportandresistance(pivots,dailytrendline,andthe89)togiveusan
indicationastowhatpriceislikelytodo.
Forexample,ifthedailytrendisdownandwehaveaninsidebarform,butitisonly5or6pipsfromthe89passonit.Morethanlikelyitwillhitthe89andatleastbounceoffitpossiblyfarenoughtostopusout.Instead,sitthatoneoutandwait.Nowifpricedropsbelowthe89andthenextareaofsupportisadailypivot25pipsdownnowwelookforanIB.Whenwegetone,placetwoshortordersatthetriggerline:Thefirstonetakesprofitatthedaily(firstareaofsupport),andthesecondoneruns(withastopatbreakevenafterthefirstordertakesprofit)to(1)thenextareaofsupport(2)tillpriceindicatesareversal(pinbar,doji..etc)or(3)pricereversesandhitsourBreakevenstop.
nicesystemnottryingtochangeit,Butaninterestingpointyoursmoothed89closedisbasicallythesameasthe200emaclosed.soifsomeoneistradingonoanda(likeme)youmightbeabletouse200emaclosed
Ibelievethiswillworkwithanypair.Iwillbelookingatallpairs.Withthe30minutetimeframes,wewillhaveenoughtimetoanalyzethepairseasily.Iwanttostickwithanythingwithspreads5orless.E/Uwillbethebestandmostefficient.
2756ismyTPhere,theDTLonthechart.Stopisat2712
Nice,pulled1/2offattheDTLandmovedmystoptoBEat2735.Lovetoseethiscontinueonouttothe4HrDTLyouseeonthischart.
Mysecondlotismovingonasadvertised.Ilookforthistogoallthewaytothat4HrDownTrendLinebeforebouncingshort.Thenitdon'ttakeEinsteintotelluswhatwearelookingfor,Right.Iammovingmystopupbehindeachcandleastheyclose.
LookatEJeveryoneandyouwillseewhatIwastalkingabouttheotherday.Youcanseethereversalcandlesforming.Completewithahangingmanformation.
Igotconnectionproblems,Ipulledoutearlyonthattradewhenthereversalcandlesshowedup.TheyshowedupasTweezertopsonthe30
WegotanotheronebrewingonU/Jhereeveryone.
HereisthesamechartwithT/L
TheonlywayIwouldtakethisisUp,people.Iputthetriggerlinesontoshowyouwhatweareupagainst.
DidanyonetaketheG/U,Mycomputerwentdown.IaminU/Jthough,butthereisnotmuchroomthere.DTLintheway.Shouldbeok,though.Becareful,ATRonUJisonly22
OkEveryone,hereisagoodexamplewhywemustbepatient.TheU/JIBjustnowhitprofit.Itneverdidhitthestop.LOLThatwas4HoursagowhenthatIBtriggered.
NowletstalkabouttheCable.TheDojigravestoneIBwasallweneeded.My17yearoldcouldhavetradedthatone.Wecangetthepips,people,itsjustamatteroftime.
Thishammertoldmeitwasabouttobreakthatlittleflag.
OnethingtokeepinmindwhenIB'sformatorjustbeforeopeningofsessions,theresultingspikescannullifythismethod.Thishappenedat1AMESTthismorningwhentheIBontheE/Uwastriggeredtothedownsideandtheresultingspikeoftheopeningsessiontookmeoutofthattrade.Hey,welearnaswegoandifthisistheonlythingwehavetoworryabouthere,wewillbefine.
ThatwasanIbandatthetimeyouwouldhavethoughtNotradebecauseoftheDPPat2881,asamatteroffactitisstillstrugglingwithit.ItwascoolifyoupulledyourprofitattheDPP,butI
wouldnothavetakenitbecauseitgoesagainstalloftherules.Thetrendofthemomentwasdown,thedistancefromthenextpointofresistancewaslessthan20pips.Andtherewasnewscomingout.Hopethishelps.
JimQuote:
OriginallyPostedbyobloIBformedonE/U.Possiblelong?
NEVER,NEVER,NEVERtakeatradeonapairthatisexpectingbadnewsahead.Especiallywhenthepairistrendinginthedirectionofwherethenewsissupposedtosendthepair.
IfCadbreaks1.2751wecouldseeitgoallthewayto1.29001.3000area.Checkitout,aHammerafteranIBinthedirectionofthetrendofthemoment.ThenitbouncesofftheDPPandblowsrightthroughthe89....WOWandImin.
Wasinbed,buddy...LOLgottasleepsometime.Onthattradeyouhavetoweighthepossibilityandsaytoyourself,Igotaresistancelinejustabovewhatwouldbemyentry.Isthereenoughpipstogetenoughprofitthere.Inthiscasetherewere24orso.Iwouldtakethattrade.
Jim
Quote:
OriginallyPostedbyjonasltEURGBP30minIBsetup
rightatatrendline,H1H1shedsomelightonthisifyouhaveany.I'mnotcomfortabletoattemptthis oneyet.
AnyonethathaseverhadamigraneknowwhatImean.Ihavechosetonottradetodayandhelpanswerafewquestionsthatpeoplehavebeenasking.Howtodeterminewhichonestotake.Well,Ifthemarketisconsolidatingorinatriangleliketheonebelow,youhavetobechoosyandyoumusthavethismindset.
ALWAYSBEPREPAREDTOSETTLEFOR1015PIPSIFYOUARENOTSURE!!
Lookatthepairbelow,TheAussieshowed3IB'shere,whichonewouldyouhavetradedandwhy.Anyone?Thispairwasinsideatriangleandyoucanseeitbetterifyougotoasmallertimeframe.Thisiswherethelawofaveragescatchuptous.Ifyoutakeeitherthe2ndor3rdone,youcouldonlyhavehopedforthemtocometothetoporbottomofthetrianglewhichisactually2different
trendlines.Theanswertothequestionwasthe1stone.Whyyouask,becausethatiswherethelineofresistanceis.Andifyounoticeitturnsouttobeagreattrade.The2ndonefailsmiserably,andwhywouldyouevencontemplatethatonesittingdirectlyontheDPP.The3rdisthesamewayalthoughittradestothetopofthetriangle.Bottomline,TheonlyonIwouldtakeisthefirstone.
Iwillleaveyouwiththis.Payattentiontodetails.IheardsomeonesayearlierinthisthreadthathisdefinitionofanIBincludedevencandlewicks.IfthewicksareevenitisNOTconsideredanIB!!Also,youshouldbeplacingentry3pipsbeyondtheHighorlow.Thereisagoodreasonforthis,consideringthewickrepresentssomekindofresistance,youwanttoseethatresistancebroken.
Thismessofcandlessaythispairisgoinglongforabit.
Overalltrendisgoingup,trendofthemomentwasdown.
Ranger,TheonlyreasonIuseStochsistolookfordivergence,particularlyontheDailyandthe4Hr.WhenIseeitIwillshowyouwhatImean.
LOL....PerfectExampleof30MinhiddendivergenceontheSwissy,andofcourseitwentdown.
Seehere,http://www.babypips.com/school/hidden_divergence.html
a)priceupordownontheday(oraswecallithere,TheTrendofTheMoment)b)Howfarhaseachsignaledpairmovedduringthesession(Iwanttheonemovingthemost)c)Whatistherisk?(Oneofthemostappealingaspectsofthisislowrisk)SometimestheGeppybarsaresolongthatyoucan'tgetatightentry.d)Sincewe'relookingtotakepartoffquickly,Iconsiderthespreadwhencomparingsetups.Iwanttocovermyriskbytakingpartoffasquicklyaspossible.e)Whatisthepotential?Whichpairsarereadytobumpintoresistanceandwhichoneshaveroom.WithHH'smethodwe'realwaysawareofthesmoothed89closeandDailyTrendline.
IfthereareonlyafewsetupsI'mnotquiteascritical,butthemorethereare,theharderIcompare.Thereareenoughgoodsetupsthattheydon'tneedtobetweaked,e.g.That'salmostan IB,or,I'mgoinglong'cuzit'salmostupontheday,etc.
Sorry,IhadtodrivemyDaughtertoschool.ThereasonisorwasthesameoneIhavebeentalkingaboutalllastnight.IexpectedtheEurotoweaken,whichmeantashortanditwasrightontopofDPP.Nowafteritwenttothetop,andformedtheHammer,Bingoaniceshort.SorryIcouldn'thaveansweredearlier.
JimQuote:
OriginallyPostedbyFOURXwhynotjim?
longbackto121.65?
U/CADcomingdownoffofaDailyTripleTopblowingthroughtheUpTrendLineaswespeak.WOWCheckThisout.
FYI:Itookthistradeshortasalongterminvestment,thiswasnotanIBtrade.
IfyougetanIBatthetoporbottomofthischannel,tradethisdamthingupanddownaslongasitstaysinplay.Gotanicesupportatthebottom,theDPP
Sometimesyoucangetalittlehelpfromcandlesthatsignaltheendofarally.Ihavepostedsomebelow.Noticewhathappenswhentheycomeup.Now,justbecausetheypopupdoesn'tmeantheywillchangedirection,solookatwheretheymakethemostdifference.