USDCAD, CLASSIC inside bar trade
If I'm asked about what is the most interesting part for inside bar trade, my answer is "trailing".
1st kick is only for risk management purpose to make me able to deposit the risk to other trades, the outstanding risk-reward ratio is about the other half of the positions.
The other half is very important so I need it to run as much as possible, so I NEVER put sell limit order for the other half of the positions, I would more like to change my out only.
With trailing in mind, I never have to worried about whether to sell or not, all I need to do is to wait for pivot to put my out (LH/HL).
This inside bar trade is a multi-reason combination itself
1. 1st inside bar after the rate hike (both direction trade)
2. inside bar after new low (short)
3. the more inside bars in a row the better
It literally was a MUST trade for all the inside bar traders.
1st kick is only for risk management purpose to make me able to deposit the risk to other trades, the outstanding risk-reward ratio is about the other half of the positions.
The other half is very important so I need it to run as much as possible, so I NEVER put sell limit order for the other half of the positions, I would more like to change my out only.
With trailing in mind, I never have to worried about whether to sell or not, all I need to do is to wait for pivot to put my out (LH/HL).
This inside bar trade is a multi-reason combination itself
1. 1st inside bar after the rate hike (both direction trade)
2. inside bar after new low (short)
3. the more inside bars in a row the better
It literally was a MUST trade for all the inside bar traders.
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