Trader_Joe_Lee

AUDUSD inside day trading plan

FX:AUDUSD   Australian Dollar / U.S. Dollar


Last week I posted this inside week long for AUDUSD             , although it almost stopped me out, it held and it was able to make new high to get my risk-reward stop.

Today there is an inside day for AUDUSD             , I DON'T recommend trading the long this time as it's not realistic to expect the 1:1 kick at a new high level, and there is a bearish bat ahead.
Putting the out of the long position to the inside day low is a good idea, and maybe a good flip to take part in a potential double top .
Comment: Put the out of the inside week long to 0.8040. (yesterday's low)
the terminology calls it intra day, not inside day :)
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Trader_Joe_Lee Alexander_Nikitin
@Alexander_Nikitin, in terms of inside bar set-up, we used "inside" + "time frame given" to call the trades.

EX: 15 minute inside bar = inside 15 ; hourly inside bar = inside hour; daily inside bar = inside day.

Of course it's a intra day trading plan ha.
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