Get started

Insidebarsetup

EURUSD 4hr shooter breakoutDefinition: Shooter = 2 inside bars in a row , then use the latest one as the trade set-up EURUSD was crazy this morning, every short seller for any kinds of set-ups probably suffered short squeeze. For me, to long EURUSD is such a high level? Why not! All I need is a reasonable risk-reward set-up to get involved, even if it failed it's controllable loss. Here I like this 4hr shooter for EURUSD so much, and it already broke to the upside. the current price is 1.1630 Even if I put my out to the 1st inside bar low at 1.1615-1.1617 it's still about 15 pips risk only. It's great to trade 4hr chart with 20 pips risk in such an in-play name! To me it's a worth trying set-up to long the beast, let's see how it goes!
Long
by Trader_Joe_Lee
GBPUSD-- A potential 2-way inside bar tradeGBPUSD got rocked after their economic numbers, and here is a great example for 2-way inside bar trade. The 30min inside bar comes after the huge movement and it very extended, while it gave the market time to think again"are the numbers really that bad?". Therefore, whether direction it broke provide potential trading setup. If it breaks to the downside, the downtrend is probably to continue and the trade is to short the breakdown and give the out to 1 pip above the inside bar high; If it breaks to the upside, as it's very EXTENDED that the 21EMA is still 40 pips away, so to long the breakout and try to play with the price correction is another idea, and the out will be 1 pip below inside bar low. Let's see which way it breaks an goes!
by Trader_Joe_Lee
GBPCAD DAILY INSIDE BAR SHORTTraders! We have got pretty interesting trade here on the GBPCAD Daily Chart. It is Inside Bar Price Action Formation. This signal tells us that we can sell with a Stop Order On The BREAKOUT POINT of that formation which is @ around 1.6403 level. This inside bar is completed at a key resistance level (the upper red one line), and that means a signal for a counter-trend trade Since the Mother Bar of that Formation is quite big here, we can put our Stop Loss on a 50% retracement of the mother bar. Good luck!
Short
by pwtrader1