Hello everyone, today I’ll share how to enter a sideways breakout. First, mark a box as shown in this video. Wait to see if it breaks above or below. For entry, go to a smaller time frame to look for a setup. Before entering, check where the stochastic is positioned. Then, go down to an even smaller time frame. For entry, look for an inside bar and ensure the...
Hello everyone.. today I want to show you how I set up my entries. Based on my experience and analysis, you can check out this video to follow along. First, on the larger timeframe, we see that price has made a pullback in the demand area. Every time there is a big price movement like this, you can mark it as a zone like I’ve shown. Switch to the line chart, and...
The way to use the inside bar candle together with SNR (support & resistance) zones is by waiting for an inside bar to form near the SNR zones. When the price breaks out from the inside bar, open a position in the direction of the breakout, but ensure it aligns with the reaction at the SNR zones. If the breakout occurs at the resistance zone, consider entering...
How can I get 100 ticks in one day? First, when the price opens and closes at resistance on the 15-minute time frame, I move to a smaller time frame to look for a setup. On the 5-minute time frame, there is an inside bar candle. When the candle breaks the inside bar, I immediately enter. Then, there’s another setup where the price makes a pullback at the supply...
On the 30-minute timeframe, the inside bar has already broken out. On the 5-minute timeframe, a pullback occurred at the 0.5 Fibonacci area, which I consider to be wave 2 in Elliott Wave theory. My reason for entering the trade is that the candle broke out of the inside bar on the 5-minute timeframe, indicating the potential formation of wave 3. The price has also...
On the 30-minute time frame, a candle formed an inside bar. I decided to enter because the candle had broken out of the inside bar, and the price made an unexpected rise. I held my position until it reached the resistance trendline. I only focus on this technique to make a profit. I will continue practicing and backtesting to build more confidence.
Follow the trend until it bend..The market being in a trend is the main thing that eventually gets us in a trade. That is a pretty simple idea. Being consistent and making sure you do that all the time is probably more important than the particular characteristics you use to define the trend. Whatever method you use to enter trades, the most critical thing is that...
Today, it became a setup... this inside bar technique works well in support & resistance areas... when the price is in the S&R zone, we have to wait for the candle to form an inside bar... whether the candle breaks up or down. In my experience throughout my trading career, when a breakout occurs, the price will break straight through and rarely makes a pullback....
Last week, most of the setups worked, but today the setup didn't work. The price didn't respect the inside bar zone. I thought the price would bounce back up, but it didn't. That's normal—sometimes the setup works, sometimes it doesn't. I'm a bit disappointed, but it's okay. Just consider it not meant to be today. The important thing is to keep working hard and do...
1. Significance of Support & Resistance: Support or resistance levels on higher timeframes are usually more important because they reflect prices that have been tested multiple times over a longer period. When the price successfully breaks through these levels, it signals a major change in the market. 2. Greater Confidence: Institutional traders and large...
The market is still bullish, and I'm still using the inside bar setup. "The trend is your friend"—just follow the rules and follow the trend. It's so easy to use this technique. The price can go higher, but I still stick with my ratio of 1:2 or 1:3. Just stick with Take Profit (TP) and Stop Loss (SL) for secure and grow slowly.
Today's setup: I'm using the inside bar technique and the 20-period moving average, with a 1:2 risk-reward ratio. For traders who are just starting, you can use this technique for scalping or swing trading. It works even better when the inside bar candle is located in a support or resistance zone. However, always remember that every setup carries the risk of loss,...
"In the 4-hour timeframe, the candle shows a pullback to the demand area, and inside the demand area, there is an inside bar candle. There is a possibility that the candle will rise next week, and according to the Fibonacci levels, the candle is also in the 0.5 area. Whether this is correct or not, let's see next week."