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Inside Bar

BTCUSD inside day short? I mean...why notBTCUSD had a inside day after new pivot low, which is a no-brainer short if its able to break to the downside! Aline with the perspective in my last BTCUSD idea, the weekly bullish bat would be around 2800-3000. Even if it's clearly that there aren't so much room for this inside day breakdown, to take on a momentum train is still one of my favorite trade! That is, it won't be a daily chart trade as the 1:1 1st kick will be right at the bat, which is bad. However, if it's able to break the inside day low today, I'll still be willing to take some intra-day short with much smaller out to get a quicker 1st kick. If it breaks to the upside first, this trade doesn't exist anymore and no intention to long at all. Let's see how it goes!
BITSTAMP:BTCUSDShort
by Trader_Joe_Lee
Wherever you break, I gotta take short! (BGM: Yesterday once more) This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking. "Every trade should have an entry and an out" If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk. That's totally different from long Lira without stop loss!! Here we got this inside day and inside week! I would very love to take the breakdown short! Even if it breaks to the upside, I would also pay attention to the 5.44 spot supply zone short. In short, wherever the inside day breaks, only want to take the short!! Let's see how it goes! -- By far my best trade in TradingView is also this pair lol.
Short
by Trader_Joe_Lee
2
PG daily shooter after ER, bullish wherever you break!When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks; at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk, that's when stocks like PG and MCD start to be the major focus! Here we got the daily shooter after its Earning report, a good long if it breaks to the upside; also a good long if it pulls back to the demand zone or even the gap! Let's see how it goes yo!
NYSE:PGLong
by Trader_Joe_Lee
BTCUSD: Lulls The Herd To Sleep. Break Out Coming?BTCUSD update: After some unusual activity on Friday that almost lead to a break out, this market is still going no where. This is actually a good thing because the longer it lingers, the greater the short squeeze will be. With the well established higher low around the 6400 area, structure continues to point to strength. It is amazing to see the herd mentality in action, not on the charts but on the feedback we get. The herd is either bearish, or losing interest. This is the type of environment where opportunity flourishes, not when price is pushing 10K. As far as our swing trade, we remain long. It is just a matter of time before this market breaks out. We are holding for our short term targets, not forcing trades or flip flopping like many others. In fact, the most recent close on the daily chart is presenting yet another potential long setup. As long as the bullish trend line holds, the bias is toward higher prices. I don't make this stuff up, it is what the market is showing. In summary, the fact that activity is low and the crowd is losing interest is a great sign. Bitcoin consolidated for TWO years before it broke out and ran to the 20K area in 2017. The marketers, bloggers and "experts" were full of negative sentiment, to the point where they were writing that Bitcoin was a failure. A weak market sells off fast, it does not linger. The longer this market consolidates, the greater the population of trades. One side is going to be wrong and it can be triggered by a positive or negative news event. The structure leans toward the strong side, and that is what we follow. When the break out happens, it is going to be dramatic, and attract the reactive traders. And that is the time to sell, not into a consolidation that is establishing higher lows on multiple time frames. Remember, a chart is a representation of order flow. Intent can be detected from price patterns and "what price is not doing" which carries more value than any oscillator can provide. Greed and fear ultimately drive prices in ANY market, and these forces have natural expressions. That is where a much more honest view of Bitcoin can be found. Focus on price.
BITFINEX:BTCUSD
by MarcPMarkets
136
Education post 3/100 – How to trade inside bar?What is an Inside Bar ? The inside bar is a two bar candlestick pattern, which indicates price consolidation. In order to confirm this pattern you need to see a candle on the chart, which is fully contained within the previous bar. In this manner, the inside bar candle should have a higher low and a lower high than the previous candle on the chart. The Inside Bar is fairly easy to spot on the chart, but using an Inside Bar indicator can assist the trader in quickly finding these patterns on their price chart as well.  Psychology behind the Inside Bar Since the inside candle has a lower high and a higher low than the previous candlestick on the chart, this indicates that the currency pair is consolidating. Why is it consolidating? It is consolidating because the bulls cannot manage to create a higher high and at the same time the bears fail to create a lower low. As such, there is not sufficient buying or selling pressure to break the previous bar’s high or low. Entering an Inside Bar Trade When the price action completes an inside candle on the chart, you should mark the low and high of the Inside Bar consolidation range. These two levels are used to trigger of a potential trade. Remember, the inside candle clues us in to the eventual breakout and likelihood of a continuation outside the range in the direction the break, however, it doesn’t give us information about the direction of the breakout through the range, prior to the actual move. In simple terms, if the price action interrupts the range upwards, then you should go long. If the price action breaks the range downwards, then you should trade the short side. Stop Loss when Trading Inside Bars The usage of a stop loss order is recommended for any Forex trading strategy. The inside bar trading system is no different. You should always put a stop loss when trading inside candles. But where? The proper location of your stop loss is slightly beyond the inside candle’s top, or bottom, depending on the direction of the break. In other words, if the inside range gets broken upwards, you can buy the Forex pair and place a stop loss order right below the lower candlewick of the inside candle. The same is in force for bearish breakout of the inside range, but in the opposite direction. In this case you could sell the Forex pair and you put a stop loss right above the upper candlewick of the inside bar. Take Profit on Inside Bar Setup Projecting the potential move with Inside Bar Breakouts can be challenging. Often Inside Bar trades can lead to a prolonged impulse move after the breakout, so employing a trailing stop after price has moved in your favor is a smart trade management strategy. Along with this, I typically like to use a fixed Take Profit target at 1.5:1 or 2:1 reward to risk ratio to scale out of inside bars trades. In this manner, if the stop loss is 80 pips from the entry, then the minimum target would be located at 120 pips distance. Let’s take a closer look at the inside bar pattern on the Forex chart upside.
Education
by GroundStoneHoldings