DislikedHey Marty
All an inside bar represents is a decreasing in range and being contained within the previous bars range. This is of course simply consolidation. Markets contract and expand on all different levels. So with that said to me and inside bar is strongest and great support and resistance where a breakout is more likely to occur away from this support and resistance. I think they are much trickier to learn then outside bars, pinbars, and the other such bars we use here. Inside bars can be played with a bias, or they can also be straddled(taking...Ignored
I have a similar question. I am currently long on cable with stop at BE 17 pips above the recent daily PB.
I am trying to let my profits run and only close out a trade when price action dictates, however in this case I am unsure about the inside bar that is forming.
I have checked the weekly TF and there is also a nice PB, so my bias is I would like to stay in for a bigger move, however as with the current daily PA i don’t want to loose profits gained so far.
I am thinking to place my stop just below the IB and cross my fingers; I will also wait to see if price closed above or below 1.5600.
So many of my trades have been stopped out for BE I am getting frustrated and it is impairing my judgement, so I was hoping you may be able to comment and add a bit of clarity.
Many thanks
GPFX