📈Breakout Trading Strategy: Mastering the Inside Bar to Maximise Profits🚀
  1. In this video:
  2. Trend vs Trading Ranges
  3. Entry Techniques
  4. Fading a Weak Reversal
  5. Breakouts fail – go above, go below and test apex
  6. Enter on the follow-through
  7. Conclusion

In this video:

  • What is an inside bar?
  • That an inside bar is also a triangle
  • A Triangle is a tight trading range (TTR) on a lower time frame
  • This makes it breakout mode (BOM)
  • How many appear every day
  • A FREE Tradingview indicator to highlight on your chart
  • Inside Bars are used for leg counting
  • Inside Bars have different meanings in TRENDS and TRADING RANGES
  • Some entry techniques based on inside bars

Trend vs Trading Ranges

  • Pause vs reverse
  • Counter trend traders should exit
  • Inside bars are bad follow-through – not a strong spike
  • Inside bars can mean the berakout is on a higher time frame
https://www.tradingview.com/x/pmBizbnB/
  • Inside bars help you get out – see below, if you bought the close, an inside bar as entry bar is a warning the trading range is still in effect
https://www.tradingview.com/x/0PsdCOiz/
  • Staying in the trade – its a breakout ofa mini-trading range
https://www.tradingview.com/x/K2qe79gQ/

Entry Techniques

Fading a Weak Reversal

  • In direction of a trend
  • Fading the counter trend move
https://www.tradingview.com/x/qErdfuXY/

Breakouts fail – go above, go below and test apex

  • Buy in the range, above, below, test targets as support / resistance
https://www.tradingview.com/x/0XkQaRy0/
  • In a trading range, fading breakouts and scaling in
https://www.tradingview.com/x/BIDNpyQa/

Enter on the follow-through

  • Special thanks to my friend and super-trader Tim Stout for sharing this one – check out his website and follow his live streams.
https://www.tradingview.com/x/MlooEQVb/
https://www.tradingview.com/x/GcbcIxMd/

Conclusion

  • Many ways to use them
  • The happen 15%+ of the time so its good to know how tp handle them!

One response to “📈Breakout Trading Strategy: Mastering the Inside Bar to Maximise Profits🚀”

  1. quicklychief5d6106bdc9 Avatar
    quicklychief5d6106bdc9

    Hey Tim – while going through the exercises, I made a ThinkOrSwim version of the inside bars indicator. Here’s the link in case anyone else uses ToS and would like to try/modify it for their own practice: http://tos.mx/!Ygbu8uUU

    Like

Leave a reply to quicklychief5d6106bdc9 Cancel reply

I’m Tim

Welcome to Zen Trading Tech.

I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.

Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!