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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (20051)4/2/1999 11:34:00 AM
From: Gary E  Read Replies (1) | Respond to of 44573
 
Hi Chip ,
I see your defination of the "Day" but wonder what can me discerned from this. Is there a pattern that develops after each type of "Day" or am I missing something (as usuall)

Hal



To: Chip McVickar who wrote (20051)4/2/1999 2:46:00 PM
From: John  Read Replies (1) | Respond to of 44573
 
An Inside Day is the same both ways the High today is less than the High of yesterday and the low of today is higher than the low of yesterday.

Are you using inside days to trade? It tests out okay, but you will find better luck with and Inside Day that is also an NR4 or NR7 day. Check out the Crabel book.

I tried trading on an Inside day and had no luck.



To: Chip McVickar who wrote (20051)4/2/1999 3:08:00 PM
From: GROUND ZERO™  Respond to of 44573
 
Outside reversals indicate a possible turn in trend, the same with inside days but they're just one indicator..... the CRB just gave an outside reversal day after a good rally..... I wouldn't rely solely on that.....

GZ



To: Chip McVickar who wrote (20051)4/2/1999 3:18:00 PM
From: stockycd  Read Replies (1) | Respond to of 44573
 
Chip,

Inside days in and of themselves indicate indecision in the markets. You are correct in your assessment. Here's the way I trade the day after inside days.

I buy on the break of the inside day high or short on the break of the inside day low. Then exit at the next open or get stopped out before then.

As volatile as the market are, the direction of the candle seems to matter less.

Just some thoughts...
Chris