:: Inside Bar Meth0d ::
An Inside Bar [IB] or inside candle occurs when the body of a candle is contained entirely within the price action of the previous candle:
First I want you to look at the first set of pink lines on the chart. Those lines represent the high and low of the candle that is encompassing the 4 candles after it. Notice how the bodies of the smaller candles are all contained within those lines. Now look at the first candle that is able to close outside of those lines. That is whats known as the breakout candle.
Look at how after the breakout occurs price continues to move in the same direction. Now I want you to look at the other inside candles on this chart and how price always continues to move in the direction of the breakout.
So, if you wanted to profit with this pattern then you would simply wait for the breakout to occur and then open a trade in the same direction. If the breakout comes at the high you buy and if it is at the low then you sell.
Look at the yellow arrows. They point to the breakout candles. Notice how after the breakouts price continues to move in the same direction for big profits. This pattern makes forex trading so simple a child could do it. This pattern works on all time frames so you will be able to make money no matter what your trading style is. However, I'd recommend that you use it on 1 Hour or bigger time frames for better results.
This acts good if you incorporate this technique with your existing trading methodology.
eNjoy!! :clapping:
=========================================================================================================
The Inside Bar BreakOut Meth0d
- A Powerful Forex Trading Strategy That Will Transform Your Trading Overnight.
An Inside Bar [IB] or inside candle occurs when the body of a candle is contained entirely within the price action of the previous candle:
First I want you to look at the first set of pink lines on the chart. Those lines represent the high and low of the candle that is encompassing the 4 candles after it. Notice how the bodies of the smaller candles are all contained within those lines. Now look at the first candle that is able to close outside of those lines. That is whats known as the breakout candle.
Look at how after the breakout occurs price continues to move in the same direction. Now I want you to look at the other inside candles on this chart and how price always continues to move in the direction of the breakout.
So, if you wanted to profit with this pattern then you would simply wait for the breakout to occur and then open a trade in the same direction. If the breakout comes at the high you buy and if it is at the low then you sell.
To See This Pattern In Action Let's Look At The EUR/USD:
Look at the yellow arrows. They point to the breakout candles. Notice how after the breakouts price continues to move in the same direction for big profits. This pattern makes forex trading so simple a child could do it. This pattern works on all time frames so you will be able to make money no matter what your trading style is. However, I'd recommend that you use it on 1 Hour or bigger time frames for better results.
Now Open Up Your Charts So You Can Start Making Money With This Amazing Technique!
This acts good if you incorporate this technique with your existing trading methodology.
eNjoy!! :clapping:
=========================================================================================================
** ... If you like it, say it ...