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Inside Bar

Inside Bar Forex Trading StrategyInside Bar Forex Trading Strategy-Learn How to Trade Inside Bar The inside bar forex trading strategy can be classified as a simple price action trading strategy that even new traders, as well as veteran forex traders, can use. WHAT IS AN INSIDE BAR? If you are wondering what an inside bar is, then here’s an explanation. -the inside bar is a 2 candlestick formation -the first candlestick that forms may be called the “mother candlestick” -the second candlestick that forms after the “mother candlestick” is engulfed completely within the shadows of the mother candlestick. That second candlestick is called the “inside bar. Here’s an example of how inside bar candlestick formation looks like: Notice on the chart above: -the inside bar is completely engulfed within the shadows of the highs and lows of the preceding bar (or candlestick). -it is a two candlestick formation -the preceding candlestick can be either a bullish or bearish bar (candlestick). -the inside bar itself can be a bullish or bearish candlestick. WHY INSIDE BARS FORM? Inside bars, when they form to show a time period of market consolidation. This market consolidation can be due to: -a time of indecision as traders are figuring out if they are going to buy or sell or not. -a period of low trading activity (low trading volume). -it can also be a time where the bulls and bears of market forces are also almost of equal strength and each really doesn’t know what direction to take on their trades. Where Do Inside Bars Form? Well, inside bars can form anywhere. But the inside bars that are of significance that many traders take notice of must form on these level(areas) listed below: -support -resistance -pivots -fibonacci levels -trend line touch areas It's best to only pay attention to inside bars that form in the price levels listed above. INSIDE BAR FOREX TRADING STRATEGY RULES: Selling Rules: - the market must be in a downtrend. - when you see an inside bar form, then place a sell stop order anywhere from 2-3 pips below the low of the inside bar. You do that soon as that that inside bar closes. - For Stop loss, place it anywhere from 5-10 pips above the high of the inside bar. Buying Rules: The buying rules for the inside bar trading strategy are just the exact opposite of the selling rules. Here they are: - the market must be in an uptrend. - when you see an inside bar form, then place a buy stop order anywhere from 2-3 pips above the high of the inside bar. You do that soon as that that inside bar closes. - For Stop loss, place it anywhere from 5-10 pips below the low of the inside bar. Normally INSIDE BAR will give us two trade 1. the first trade is to trade at the breaking out 2. the 2nd trade is to trade after the breakout + pullback the first trade normally can quickly take you to 1:1 risk/reward the 2nd trade can give you a higher R/R EXAMPLE:
FX:XAUUSDEducation
by FxAzerbaijan
1
AUDCAD - Monthly - Multi-Timeframe Analysis Series 1Introduction I'm starting a new multi-timeframe analysis series and using TradingView to document it. Objective The main objective of this multi-timeframe analysis series is to bring together the knowledge I have gained over the 4+ years of trading, and encourage me to consciously use that knowledge rather than working out of habit and 'instinct' which is so easy to do. I also hope that anyone who chooses to read these series will gain some useful knowledge. Please feel free to share your opinions with me in the comments, but please remember that my opinion may differ from yours. If I've learned anything, it's that 2 opinions or biases can co-exist and both play out to be successful. I hope you enjoy --- Comments I've identified the Monthly timeframe to be trading nicely within a range between 0.9200 - 1.0250. This means any moving averages cannot be considered for 'trend bias' on this timeframe, only to be considered as obstacles for things such as entries and exits (profit taking) during the move between the range. After a bullish low test reversal candle at the bottom of the range, price rallied up to the Monthly 50 EMA where it acted as dynamic resistance, and has since retraced down to the 61.8% fib retracement (which coincides with the high of the signal candle). At this level we've got a Monthly Inside Bar, which is a sign of indecision. Key Note Think in terms of crowd psychology when it comes to things such as the Monthly 50 EMA in this example. Traders will be taking profit there as well as short seller placing orders.
by robdee4x
gbpusd bullish set upon the gbp/usd, I drew up some basic s/r lines which have been tested both ways e.g (support being tested for resistance and vice versa). The support line where price has touched seems to have respected that area so I am hopefully preparing for a set up. There are two outcomes to this, either price breaks support and retests the support zone below it OR price retests the current support zone and bounces off it. either way make sure to check on this set up and also I have seen a inside bar set up on the 4hr timeframe and will include this in my analysis.
Long
by chiefcapitalfx
SI XAGUSD Silver - Bullish Inside Bar Fake Out**Keep in mind that the daily candle is not yet closed. This pattern is not officially in place until today's candle has closed.** Silver has formed an inside bar / pin bar / fake out pattern. This is where price winds up to form an inside bar, followed by a breakout and immediate pullback into the other direction. Price will still need to break to mother candle to get things moving but so far we have the beginnings of some bullish price action that could take this market even high.
COMEX:SI1!Long
by krugman87
ATVI inside day after earnings and the gap filled!ATVI had a disappointing earning report and dropped sharply to be cut to half from it peak. Bad forecasting, bad growth rate, layoff........and so on. There must be some problems yet to be solved for the company, while in terms of technical chart, it could be an opportunity, too! Here we got this inside day after earnings and it's off the gap support, BABA had a wonderful bounce after a significant gap filled, which was a similar trade! Still, although I play much less HearthStone recently, I like the company and I'm willing to buy some dip with solid set-up. Only want to take the breakout long for this inside day yo! Let's see how it goes!
NASDAQ:ATVILong
by Trader_Joe_Lee
SPX500 inside week, quite an important one!Inside weeks breakout is always important when it comes to short-mid term trading. This SPX500 weekly chart can be taken as not only a downtrend just finished its 21ema correction, but a strong 3000 pips rally. Analysts can say anything wherever it goes, while traders can trade so many trades wherever the inside week breaks! Pretty simple, let's wait for the breakout and trade in line with the direction it breaks. Let's see how it goes yo!
FX:SPX500
by Trader_Joe_Lee
3
USDCHF Short - H4 Inside Bar at Supply Zone 1.00USDCHF has climbed for the 6th consecutive days but is seen exhausted as it is about to reach the key supply zone 1.00. The dollar is also seen resisted as it reaches key level 96 and is prone to a retracement anytime. USDCHF has formed a rising wedge and is nearing the end of the formation which will highly cause the price to break down and fall. Additionally, there is an inside bar formed in H4 chart and there's sign that the price is breaking below. To conclude, traders can consider going in for a short now but stop loss is recommended to set above 1.0020 should the inside bar formation fails. but once the break down is confirmed, stop loss can be shifted just above the inside bar and traders can consider to add position to gain bigger profits.
Short
by AlgoVenture
USDJPY inside day after 21ema correction, how to choose?When it comes to an ema correction, there will probably have a larger time frame trend and a smaller time frame trend that conflict with each other. Most of the time, we respect larger time frames more so that I always say "an 8/21 ema correction won't change the original trend" . It'll be even better to have signals like inside bars when ema correction finishes; just like this USDJPY today. If it's able to break to the downside, it's a no-brainer short with very little risk! On the other hand, if it's able to break to the upside, a smaller time frame uptrend will also show nice continuity! Still it's a much better short than long for me though. Let's see how it goes yo!
Short
by Trader_Joe_Lee
5