Inside Bar Trading Revisited

IB's seem to have their fair share of false breakouts which i dont like. I would like Nial Fuller if he reads ff anymore to address this..and he does in some of his videos, but its usually after the fact. usd-chf had 3 false breakouts on the 4hr charts. Nial says to buy the breaks and put stops below the "mother candle", but it seems waiting for the bar to close would be safer.

In the past few hrs gbp-usd and usd-cad both broke out, but lets see how well they do. I'm not in either one.

E/G. Here's an Inside Bar setup I came across while reviewing the charts.

Hi,

does anybody know of a indicator, that shows double or triple inside bars?

like II or III patterns

Cheers

Thomas

Was the code ever released for the IBTrader EA??? If not anyone know of a similar EA. I would like to do some testing. thnx Jack

Insidebar means that bulls hasn't been strong enough to make new high or bears hasn't beeb stong enough to make new low. Gone nowhere.

The next bar is importat, if the breakout happends then, its means of fast desision made by market, where it will go for a while. If the break of motherbar doesn't happend the next bar, then it means that markets hesitates.

The bar after insidebar is importat. If it breaks up and closes over motherbars high, it means that the bullish resolution of the market was strong.

Where the insidebar -frmation occurs, means added confluence for the future move.

for example:
-insidebar after severals bars strong move. Wait for the break up next bar
-insidebar at support-level, wait for break either up or down next bar.

I like IBs , but I still need to put my head around them.

For starters I've created a small indicator based on the rules Smilee89 explained in his previous posts.

Here is an example:

Hi All,

I'm new to this forum (forex trading as well).I've an question about inside bar trading.I'dont my first question relevant this theard.

See below example:
1.Candle 1 - Bull Candle
Candle 2 - Inside Bar
Candle 3 - Bear Candle
Candle 4 - Bear Candle
Candle 5 - Bull Candle

So as a Trader based on above inside bar formation, I'm going to "buy stop" 10 pips above the candle 1 "High" value expecting a bull trend.But it does not execute beacuse then come bear trend(Candle 2 and 3).
Candle 5 is a bull candle and it executes my "buy stop" order I already entered after observing "Inside bar".
After going few pips in buy direction, there is good chance to come to sell direction and touch my SL.
Are we going to cancel our "buy stop" order when we see bear candle? Or keep as it is?

2. I want to get the pip changes statistics after the inside bar formation.So please let me know how can I do that?Is there any indicator or EA for this? Are you talking about this in this thread?Please explain.
eg: After the inside bar, there is is highest probability of going in to the same direction.I want to put TP and SL for my orders based on the statstics.

thanks in advance (Apologize if my questions not relevant to this thread)

Hi,

nice indicator you made, do you care to share it here?

Thanks✌️✌️

i TRADE INSIDE BARS AND OUTSIDE BARS WITH TREND ONLY. TREND IS DEFINED BY 10 AND 30 EMAS ON A m5 CHART.

Inside and outside bar indicator with alert

TBH, not even a single candle stick pattern does .
So of course the question needs to be asks:
So why bother trading then?

Simplified answer:
"everybody is a genius on a bull market" - Mark Cuban.

Our job as a discretionary trader is just to identify an OBVIOUS trend in the market (could be a Daily Trend, Weekly Trend or even a Monthly Trend,, whichever suits your personality. I prefer Daily, because I'm a day trader, I find entries on the H1 chart and on some occasion, the H4 chart.)

so what exactly is the purpose of Inside Bar?
Sniper Entry & Tight Stop.

The notion surrounding successful traders is quite simple:
CUT YOUR LOSSES SHORT (having a tight stop) AND LET YOUR WINNERS RUN (this is the holy grail.)

having a tight stop meaning a relatively small Stop-Loss, and with an Inside Bar, you can approach this Stop-Loss objectively without using any magic Support/Resistance or Supply/Demand.

You can definitely use Outside Bar. But it wouldn't be that cool would it?
You get more R-R if you used a tight stop. You just need to bear the Losses. But the Winners will pay, and I promise you, it will pay-off!!!