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Inside bar continuation pattern/strategy
6 years 4 months ago #16138
by remo
Replied by remo on topic Inside bar continuation pattern/strategy
Ive written a article about this in the learn to trade section years ago...above....
chartsview.co.uk/learning/Inside-Bar-Trading-System.html
Hope that helps
Remo
chartsview.co.uk/learning/Inside-Bar-Trading-System.html
Hope that helps
Remo
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6 years 4 months ago #16126
by madmaxx
Replied by madmaxx on topic Inside bar continuation pattern/strategy
The following user(s) said Thank You: remo
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6 years 4 months ago - 6 years 4 months ago #16117
by madmaxx
Inside bar continuation pattern/strategy was created by madmaxx
Hi,
Something i've discovered not so long time ago but seems to be working well, its been mentioned here before but i think there is a little update to the strategy.
Inside bar/candle is a candle contained within body of previous mother candle, but in this situation it has to be one with long wick where open and close are pointing in direction of the trend and mother candle. In down trend like below charts sell signal trigger when price brakes below body of mother candle and target is at nex support, stop loss is placed just above inside bar. Best working on daily an weekly charts but 4h are good as well. I wouldn't go into smaller time frames.
Like with all strategies nothing is 100% but this one is definitely worth trying. Its based purely on price action so please ignore all indicators
Thats my recent trade
And one i'm looking at currently
Something i've discovered not so long time ago but seems to be working well, its been mentioned here before but i think there is a little update to the strategy.
Inside bar/candle is a candle contained within body of previous mother candle, but in this situation it has to be one with long wick where open and close are pointing in direction of the trend and mother candle. In down trend like below charts sell signal trigger when price brakes below body of mother candle and target is at nex support, stop loss is placed just above inside bar. Best working on daily an weekly charts but 4h are good as well. I wouldn't go into smaller time frames.
Like with all strategies nothing is 100% but this one is definitely worth trying. Its based purely on price action so please ignore all indicators
Thats my recent trade
And one i'm looking at currently
Last edit: 6 years 4 months ago by madmaxx.
The following user(s) said Thank You: remo, annes goal
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