Money4Nothing is trading the Inside Bar, we've been trading the Outside Bar.
Are you guys pulling my leg?
TRO
I thought this was the inside bar thread?!!?
Are you guys pulling my leg?
I believe that there are at least two ways of deciding your entry when trading the IB.
One is to use the high and low of the current IB. (DIBS)
The second is to use the high and low of the OB that cradles your current IB (H1H1) The thread that preceded this.
Hence: "Money4Nothing is trading the Inside Bar," DIBS
"... we've been trading the Outside Bar." H1H1
On the other hand, I have it all round my neck and understand nothing!!!
All I am doing is trading the inside bar breakout. I don't know how to use outside bars.
It's the same principle. They say a picture is worth a thousand words. Notice that bars straddle the Outer Bar of the Inside Bar method. A trade was taken, green arrow, when the upper level of the Outer Bar was broken.You would have taken the trade as it topped past the white bar. (or possibly the bottom of it as it may just sneaked past - would have lost though
).
