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Insidebars

How to use Inside bar strategyInside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an Inside bar means... So above me here is the recent rally from the pair GBP/JPY , I have highlighted a few of the inside bars but if you look close enough you will see more, So an Inside bar on the daily is telling us the day before we had a strong rally this can be called candle (1), so Candle 1 is a rally, Candle 2 is inside the range of candle 1, what this means is that on lower timeframes we have seen consolidation, Price hasnt broken the high of candle 1 or the low of candle 1, so when candle 3 breaks the high of candles 1 and 2, price rallies to our target. So the entry comes after the high of candle 1 and 2 broken, you use a stop loss under the low of candle 2, and you aim for 1:1 risk reward. When is the best time to trade these candles? In strong rallies you will see this set up form alot , the reason for this is because in strong rallies, we often see rally-consolidation-rally. Typically this strategy will win around 70% of its trades and is great for entering rallying or depreciating currencies, I hope you guys can put it to use like I have over the years! any questions please feel free too comment below (This is not trading analysis this is purely to demonstrate how inside bar works and how you can use it in your trading). Enjoy the weekend!
Education
by ZenFlo
LITE buy off the inside day "NASDAQ:LITE"]NASDAQ:LITE Great fundamentals with it being ranked 1st in its group. It broke that 82 resistance prior to earnings and failed but looks to be setting up again off earnings. It did miss guidance as that's the case with a lot of companies right now but it has demonstrated great growth if you look at the weekly and monthly. It has had three inside days in a row which is a sign of sellers and buyers reaching a state of equilibrium with a bullish close on Friday. I'll be looking to start a half position through 82 against the 20 day MA and scale my second half into it once it proves itself.
NASDAQ:LITELong
by Lew2323
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
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