Intelligent money Forex trading strategy

BrilliantBrilliant Money Forex Trading Strategy: You scan the markets and spot a good trading signal, you open a trade, you set a stop loss and a profit target, and suddenly, the market goes to your stop loss and takes you out of the position and continues to move in your original position I bet this has happened to you a few times in today’s video I’m going to show you a setup Trading allows you to avoid those scenarios. You. You will learn how to take advantage of retail traders and trade with the prominent market players in that trend.

Intelligent money Forex trading strategy

The strategy that we will focus on is the price action, specifically on the inside bars. Inside bars are one of the most neglected price action setups in trading because traders do not know how to read them correctly inside the bars. They can be a great way to make money by trading inside bars if traded correctly. It is either one or more candlesticks located within the range of a single candle. This candle is usually called the mother candle, while the first candle contains the second small bar and is the opposite of the entire inside bar pattern.

The bar is viewed as a reversal pattern because it indicates that the market trend is likely to change, mainly when it is located at the top or bottom. It is also considered a continuation signal in markets with a strong trend. The formation of an inside bar indicates a period of consolidation in the case of a daily uptrend that reverses. Bulls are not buying more on the second day, represented by a small red candle after a strong upward trend on the second day. In the case of a downward trend, sellers are not in control of the market.

A small green candle reflects this after a strong downtrend. Understanding the psychology behind this pattern will help you better identify key turning points in the market and time them correctly. Your entry and exit from the inside bar can be traded successfully in trending markets, especially if the market has been moving intensely. The formation of this price pattern provides an excellent opportunity to join the significant movement.

This strategy is straightforward. You must identify a strong trend and wait for the inside bar pattern to align with the market trend. The formation of this pattern indicates that the market is pausing before making its next move.

Trade Forex in the direction the market prefers

There are several opportunities to join the trend, and remember that you will only be looking for selling opportunities this way; you are only trading in the direction that the market favors now. Although this price action setup will work well as a continuation pattern, you will only take some of these signals. It would help to look for essential patterns in specific market areas, such as support and resistance levels.

Fibonacci retracement levels, moving averages, or pivot points. Technical analysis can be very complicated if you do not focus on the most important fundamentals, such as support. Resistance levels: These areas represent the psychological level where the game is played between buyers and sellers. If the sellers overcome the buyers, they will push the price below the support level, and if the buyers overcome the sellers, they will push the price above the resistance level. The inner bar is considered one of these levels. The most reliable price action signal that will help you find the right time to enter the market and trade

Examples of making good Forex trading decisions

With the big players, once you understand how to use them at these levels, you will know what the market is trying to tell you, and you will make good trading decisions. This example reveals how the sellers broke the support level, and the formation of an inside bar pattern after breaking this level indicates indecision in the market at the moment and no one It is known if the support level has already been broken and if you set up in the market immediately after breaking this level, you are making a solid entry which is difficult and dangerous because the breakout is not confirmed, the safest entry should be after breaking this pattern.

The breakout of this candlestick pattern is an explicit confirmation that the market is not in a period of indecision, and it is clear that the sellers are in control of the market. In this other example, the market had difficulty rising above this resistance level. What is interesting is what happened after the breakout. You will notice that a precise inside bar is formed here. The formation of this price action pattern indicates that the breakout has yet to be confirmed. Remember that the formation of The inner bar means hesitation and hesitation, so you need to be careful.

Remember that a false breakout scenario is possible, and what will differentiate you from other traders is your deep understanding of how this pattern works. Some traders will wait for a retest of the breakout that never came. This is a missed opportunity, but if you identify the inside bar setup and place a buy order after the breakout from inside, this could have made you a decent profit.

Some essential tips on trading the inside bar pattern

Number one is to trade in larger time frames. I am not against trading in lower time frames. You can deal with this setup in a five-minute time frame using technical indicators from other time frames to filter your signals, but you must be an experienced trader. If you are a beginner, I recommend you stick to signal trading On larger time frames, such as the daily time frame and the four-hour time frame, where the trade is set up in the lower time frame will increase your chance of over-trading the market and taking low probability price action signals.

This will allow you to set your trading and forget it instead of being emotionally controlled. Market Number Two Trend Trading You should start trading inside the bars in line with the market direction, especially in the trends Strong, bullish, and bearish, and do not try to trade it against the trend if you are a beginner when you feel that you are an expert in trading this pattern with a trend that you can move to to trade in range-bound markets and counter-trends number three to trade from key levels only.