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Another inside bar thread

  • #41
  • Apr 19, 2018 7:45am Apr 19, 2018 7:45am
Quoting nozzer
@catch-22 ,all the 'experts' say trade inside bars on the daily,too many false signals on lower time frames...
If you are blindly following IBs without knowing the markets, sure, but that's the same with anything.

IBs show consolidation, generally as shown here when an area of support/resistance is hit. For me an IB is simply a way to help newbies with money management.

That's not even talking about the other 50 things that people who stare at charts all day for years do without thinking.
Attached Image (click to enlarge)
Click to Enlarge Name: IB.JPG Size: 28 KB
  • #42
  • May 30, 2018 3:17pm May 30, 2018 3:17pm
Hi @alicia19

Did you manage to figure out how you can minimize false signals? I'm quite interested in Inside Bar patterns too. But I am not being able to figure out how to minimize false signals. I take the trade when the inside bar is broken from either side. One week I had a lot of winning trades across major pairs. And the next week I had a lot of losing trades, while following the same strategy due to false signals. If I can find a way to have more winners than losers, that would be great too. I'm trading on 4H timeframe.
  • #43
  • Edited 8:30pm Apr 19, 2022 8:14pm | Edited 8:30pm
My Inside Bar results for the 47 hours on AUDJPY 15 min chart.

10 setups
5 wins
4 losses
1 missed entry

Profit... a helluva lot... +176.8% and running.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 20th Apr 22.PNG Size: 234 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #44
  • Edited 8:29pm Apr 19, 2022 8:17pm | Edited 8:29pm
Quoting billytt
{quote} Trading inside bars is an excellent way to trade but you need a 4 hour or/and daily time frame or you will go bust..
REALLY?
In the days of old when sailors were bold, and seldom if ever contented.
  • #45
  • Apr 19, 2022 8:26pm Apr 19, 2022 8:26pm
Quoting nozzer
@catch-22 ,all the 'experts' say trade inside bars on the daily,too many false signals on lower time frames...
I love inside bars... but used on their own is no good.

I use the inside bar in conjunction with other entry criteria... the IB is only part of the plan.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46
  • Apr 20, 2022 3:35am Apr 20, 2022 3:35am
Quoting jas0992
Hi @alicia19 Did you manage to figure out how you can minimize false signals? I'm quite interested in Inside Bar patterns too. But I am not being able to figure out how to minimize false signals. I take the trade when the inside bar is broken from either side. One week I had a lot of winning trades across major pairs. And the next week I had a lot of losing trades, while following the same strategy due to false signals. If I can find a way to have more winners than losers, that would be great too. I'm trading on 4H timeframe.
My suggestion is that
you setup your trades on 4hr (if that's your preference), but use lower time frames to refine and place your Limit Order entries.

So...
Define your trade on 4hr using your favourite criteria (4hr for instance).
Move to 30 min or 15 min to fine tune and place the trade.
Even try 5 or 1 min entries... BUT backtest, backtest and backtest to eliminate the losing setups.

In that screenshot of my demo testing I used Daily and 4Hr charts to setup swings before placing the entries on a 15min chart... BUT, it was only a backtest, with no psychology involved.
In the days of old when sailors were bold, and seldom if ever contented.
  • #47
  • Apr 20, 2022 4:37am Apr 20, 2022 4:37am
Quoting alicia19
What are your views about trading inside bars? Anyway to avoid false signal? {image}
To be very honest, according to my own experience, inside bar based trading is so challenging! Because, if we follow this kind of pattern against the market context! Then we’ll face the SL; we should count the full scenario of the market instead of focusing this kind of setup!
  • #48
  • Apr 22, 2022 9:49am Apr 22, 2022 9:49am
Really?
In the days of old when sailors were bold, and seldom if ever contented.
  • #49
  • Apr 25, 2022 3:13am Apr 25, 2022 3:13am
Like other have said, inside bars need to be traded with confluence of other factors. Trading every inside bar will lead to failure.
  • #50
  • Apr 27, 2022 12:57am Apr 27, 2022 12:57am
Quoting JoshuaWheat
{quote} I am interested in learning more about inside bars. Would you please help in understanding more about them?
Consider the following...

1) ONLY trade WITH the higher TF trend...
... if entering on 15min, use 4hr for trend
... if entering on 1hr, use daily for trend etc.

2) ONLY trade in the direction of the Inside Bar close compared to the open.

3) ONLY trade pairs that trend well... stay away from ranging pairs.

Those are only a few considerations... backtest, backtest, backtest.
In the days of old when sailors were bold, and seldom if ever contented.
  • #51
  • Apr 27, 2022 7:37am Apr 27, 2022 7:37am
An inside bar trade I took a few hours ago... still running... currently +54 pips, 1% risk.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 27.04.22.PNG Size: 163 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #52
  • Last Post: Apr 27, 2022 6:22pm Apr 27, 2022 6:22pm
27th Apr '22 ... 7 inside bar trades on EURUSD in 24 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: 27.04.22.PNG Size: 200 KB
In the days of old when sailors were bold, and seldom if ever contented.
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