Example of a inside bar + false break trade
Here 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:
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: https://www.davetromp.net
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: https://www.davetromp.net
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.