My Trading Secrets: Inside Bar Strategy To Achieve Crazy PipsIn this idea i will share with u one of my trading strategies Secrets that has around 90% accuracy and works very well at the end of trendlines which is ( inside bare setup ) I will also share with U An Example of my Strategy That I used In GBP/NZD Which was great trade that hit +250 pips .
Inside bars typically occur as a market consolidates after making a large directional
move. Here is how to trade it.
Strategy Trading Steps:
1- mark the high and low of the mother candle. The market is likely to break the high or low and continue in the same direction
2- either u put a buy stop order 5 PIPS above the mother candles high and a sell stop 5 PIPS below the mother candles low. / or u can wait for the price to see where it will break the pattern. and a good price action will confirm the direction much more.
3- The stop loss should be placed at the opposite end of the mother candle. 15 PIPS
above. ( this rule is flexible based on the price action, Fundamentals and supp and res levels )
4- When the price breaks out, you will be in the trade. You can
then cancel the other stop order.
5- Set your target levels in line with previous support/resistance levels.
in the chart above U will see that GBP/NZD broke the pattern to the downside activating my sell order . in my order i choose to tighten my stop loss because the price already gave me a double top pattern and many bearish price action so it confirmed the down movement more. from there it hit full target +250 pips.
