British Pound / New Zealand DollarEducation
My Trading Secrets: Inside Bar Strategy To Achieve Crazy Pips
In this idea i will share with u one of my trading strategies Secrets that has around 90% accuracy and works very well at the end of trendlines which is ( inside bare setup ) I will also share with U An Example of my Strategy That I used In GBP/NZD Which was great trade that hit +250 pips .
Inside bars typically occur as a market consolidates after making a large directional
move. Here is how to trade it.
Strategy Trading Steps:
1- mark the high and low of the mother candle. The market is likely to break the high or low and continue in the same direction
2- either u put a buy stop order 5 PIPS above the mother candles high and a sell stop 5 PIPS below the mother candles low. / or u can wait for the price to see where it will break the pattern. and a good price action will confirm the direction much more.
3- The stop loss should be placed at the opposite end of the mother candle. 15 PIPS
above. ( this rule is flexible based on the price action, Fundamentals and supp and res levels )
4- When the price breaks out, you will be in the trade. You can
then cancel the other stop order.
5- Set your target levels in line with previous support/resistance levels.
in the chart above U will see that GBP/NZD broke the pattern to the downside activating my sell order . in my order i choose to tighten my stop loss because the price already gave me a double top pattern and many bearish price action so it confirmed the down movement more. from there it hit full target +250 pips.
Inside bars typically occur as a market consolidates after making a large directional
move. Here is how to trade it.
Strategy Trading Steps:
1- mark the high and low of the mother candle. The market is likely to break the high or low and continue in the same direction
2- either u put a buy stop order 5 PIPS above the mother candles high and a sell stop 5 PIPS below the mother candles low. / or u can wait for the price to see where it will break the pattern. and a good price action will confirm the direction much more.
3- The stop loss should be placed at the opposite end of the mother candle. 15 PIPS
above. ( this rule is flexible based on the price action, Fundamentals and supp and res levels )
4- When the price breaks out, you will be in the trade. You can
then cancel the other stop order.
5- Set your target levels in line with previous support/resistance levels.
in the chart above U will see that GBP/NZD broke the pattern to the downside activating my sell order . in my order i choose to tighten my stop loss because the price already gave me a double top pattern and many bearish price action so it confirmed the down movement more. from there it hit full target +250 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join FX Elite Club :
Forex Telegram Channel : t.me/Fx_elite_club
Gold Free Telegram : t.me/FXEliteClubGOLD
Instgram Link : instagram.com/fx_elite_club_fx/
Join Our Vip Channel Trades Per Day Risk Reward 1:5 At Least
Forex Telegram Channel : t.me/Fx_elite_club
Gold Free Telegram : t.me/FXEliteClubGOLD
Instgram Link : instagram.com/fx_elite_club_fx/
Join Our Vip Channel Trades Per Day Risk Reward 1:5 At Least
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.