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Inside Bar

XAUUSD Cypher, inside 4hr, and hourly 2618 combination short"The more the combination, the more the confirmation" -- Trader_Joe_Lee The market finally had some solid moves after the Fed announcement, which gave enough momentum to the sell-high spot. To be fair, this cypher pattern is not a perfect one, that's why we need strong confirmation entry. The inside 4hr breakdown still got plenty of rooms to run 8EMA correction, and it also formed an hourly double top. With such combination, it's kind of a worth-taking counter-trend trade for me. The way of executing risk management on counter-trend trade is that, I'll risk less than what I usually do and I won't take second counter-trend trade before I got my 1st kick. Let's see how it goes!
FX_IDC:XAUUSDShort
by Trader_Joe_Lee
2
Long opportunity for GbpUsd???The GbpUsd is in an uptrend. The Pound surged higher against the Dollar and broke the counter-trend line two days ago, followed by a pull-back bar to retest the trend line which has now become the support. Will the Pound continue to move higher after breaking the Doji's high that formed yesterday? My position : Buy Stop Order : 1.3998 SL : 1.3908 TP : 1.4133 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Long
by M-royce
BTCUSD 4hr XYAB Pattern long opportunityBTCUSD had a nice bounce off the bullish bat pattern with an almost 100% rally, which was able to break some important pivots of the previous downtrend. Accordingly, there would be a potential bullish XYAB pattern long opportunity. Though there are still lots of rooms, it's worth noticing since it may play as a reminder that if we would like to buy the dip on BTCUSD, it might be the best possible trade! Of course, this trade doesn't imply that it may go all the way to 7000 again, and if it's able to break 12000 nicely, I would also like to long in other techniques like inside bar trades. Let's see how it goes!
BITFINEX:BTCUSDLong
by Trader_Joe_Lee
USDJPY: False break of inside barToday we have seen a break of the inside bar setup that formed yesterday. This will give us a possible better entry short below today's candle with a stop above that candle. We will still want to take profit just before the support level, which could give us a 3R return. Once we break below the mother candle I will consider moving my stop to break even. I will leave the current limit short order below the mother candle adding on to the trade as it moves into my favor.
Short
by dave25981155
GBPJPY inside hr at daily demand zone long opportunityIn terms of inside bars, it's basically a so-called random inside bar that barely has any trading value; while on the other hand, actually the daily demand zone is not where this idea comes from either. This trade comes from a combination of the bullish Gartley pattern of USDJPY and a daily hammer of GBPUSD. When I want to long this 2 pairs at the same time, that's when I would like to long GBPJPY. Being bullish on GBPJPY is not enough for taking a long trade, so we still need an set-up, and here comes the inside hr. Let's see how it goes!
Long
by Trader_Joe_Lee
Example of a inside bar + false break tradeHere is an example of a profitable trade that closed out today for a 2R gain. I currently have an open order on the USDCHF with a simular setup. See linked idea. The setup consists of the following elements: strong / clear preceding trend consolidation in the form of one or more inside bars a false break out of the consolidation, thus rejecting the counter trend direction place a trade in the direction of the preceding trend In this example the break was a well formed pinbar and I therefore placed a limit entry order at the 50% retracement of the pinbar. Stop was placed above the high of the pinbar. Profit target was placed at two times the distance of the stop, giving a R2R ratio of 2. Target also nicely lined up with the bottom of the consolidation / mother candle of the inside bar pattern. Learn more about my trading at: www.davetromp.net
Education
by dave25981155
1
GBPUSD a 0.618 retracement and 2618 combination longHello TV fans happy Chinese New Year, the vacation has come to an end so I'm back! -- GBPUSD has a daily 0.618 retracement and bounced off that, and formed a double bottom reversal sign. I'll be looking for smaller time frame reversal sign if it hits 1.3910, it's very close after the job number this afternoon, so I don't mind to take the inside 15 breakout or the 30min pin bar as a little intra-day trade, but the main idea is still the 2618! Let's see how it goes!
Long
by Trader_Joe_Lee
3
MNK, Another it's never too low to sell story?We've been through DDD,VRX,GPRO to the recent TEVA stories to me MNK is just another. Back to the days I was a proprietary trader, MNK is one of my favorite name as if I don't know what to trade in any given day I tried to short the name. Only if we kept "it's never too low to sell" in mind that we can catch this kind of profit, otherwise we might be stopped out each time when we want to buy the dip. I don't really suggest taking this inside week short as I know it takes gigantic risk appetite to take this trade, but I am more than willing to post in on TradingView to see how it goes afterwards.
M
by Trader_Joe_Lee
1
BTC, bear trend holdingOverview: Short-term bear trend in the context of a longer-term bull trend. Resistance @ 13000-13500 Support @ 10000 Symmetrical triangle (continuation signal) + falling volume. Inside bar setup w/ false break (blue rectangle) Keep an eye on which way the price breaks--above or below the triangle and inside bars. Remember that we are in a bear trend. Trades counter to the trend are certainly possible...just more risky. BTC has a lot to prove before we can say that the bear-trend is no longer in valid.
COINBASE:BTCUSDShort
by w_h_indicators
Blizzard(ATVI) Inside day breakout after HCT World ChampionAs I mentioned from my previous posts, I am not only a trader but also a big fan of Hearthstone. Tom60229 from Taiwan won 3 games in a row after facing 0:2 situation and won the title. It reminds me of looking for ATVI trading opportunities, and I got a inside day breakout yesterday. The momentum was not special at all in a intraday trading point of view, while still it was a inside day after all time high breakout, so I'm still willing to find intraday long opportunities! -- You guess it right , it's six o two two nine!!!!!!!!
NASDAQ:ATVILong
by Trader_Joe_Lee
Dow Jones (US30) inside 4hr after structure breakout pullback A notable long opportunity! In a very strong uptrend, anyone who wants to long but doesn't dare to chase the high is waiting for pullback, and it's so important that to keep this in mind. Otherwise, when there actually pulls back, people are crazy about recognizing the top. That's very weird to me! That is, this kind of traders NEVER try to participate the trend ( when it's strong they don't chase the high, when it pulls back they try to pick the top.) Recognize and participate in a trend yo! Let's see how it goes.
FX:US30Long
by Trader_Joe_Lee
3
BTCUSD: Key Support Zone Reached. Where Is The Long Trigger?BTCUSD: Price fluctuating inside a major support zone and hesitating within a minor overlapping support area. This area presents very attractive reward/risk for longs, but can it break lower? Big difference from the vertical markets of a month earlier, but this is reality. This is more in line with how markets trade. The good news is price is within a projected support area with a lot of overlapping levels. Even though it is has not reversed up strongly, it still offers potential since the chances of a bullish reversal are generally high. In my previous report, I wrote about the possible inside bar that was forming and the potential bullish trigger which never materialized. Price broke lower instead which brings it into a very attractive area for ME. The whole point of a trigger is to act as a filter and minimize premature entries. And that is exactly what happened here if you were disciplined enough to wait for the close of the inside bar and outcome. Now price is doing it again. Another inside bar potentially forming, two long tails (IF the current candle closes in this configuration) and all of this is happening within the projected support zone of 10988 to 9989 which is the minor .618 support relative to the recent bullish swing. The long signal would be IF the current candle closes as an inside bar, and the high of the next candle breaks above the current candle high. IF that scenario takes place, again it would serve as an entry for both swing and position trades long because of where this is taking place in terms of the bigger picture (large magnitude support). The more aggressive trade is to start buying early, anticipating that the current levels will hold and probabilities will play out. This scenario is RISKIER because price has not fully reversed yet, and you are betting that it will because of the probability of its general location. And as far as risk goes, for a swing trade, the 9950s serve as the best point of reference. Just because the general probability of reversal is high does not guarantee that it will happen. This is why if you prefer more stability and confirmation that momentum is in your favor, you WAIT for the bullish trigger. Which also means you will not get the better prices that are available now. It is a trade off and you must decide which scenario is more in line with YOUR risk tolerance. Anything is possible and price can also retest the 9683 low and possibly lower since the support zone boundary is at 8656. IF this happens I would be looking for the failed low formation to add to my long position as well. In summary, I am very interested in adding to my position trade at these levels. Since momentum is still bearish, I will take a slightly more conservative route and place a buy stop above the market at the 10980 level. I will not get the best price, but I don't mind giving that up in order to have momentum on my side. This helps to minimize a premature entry as well. If price spikes into the low 9Ks I will also consider adding to my position which is aggressive, but I will temper the risk by keeping my size relatively small. When markets look their worst, that is often a good time to buy which is counter to the herd mentality. The key is to do it in a way where risk is carefully considered and entry scenarios thought out and prepared for in advance and then waiting for confirmation. Questions and comments welcome.
BITFINEX:BTCUSD
by MarcPMarkets
24