Mr. Hyde wrote:LeMercenaire wrote:Mr. Hyde wrote:Super easy trade idea I have been toying with. Multiple inside bars on the 4hr. Inside bars are basically triangle (higher lows, lower highs). Plus when played on the 4hr chart you can get in with a super small sl (this on is 20 pips), probably as smaller or smaller then the sl some use on the 15m chart. Now the I don't just randomly take any and all IB's but I have been looking at patterns of which ones offer the best chance at winning.
I like Engulfing Bars on the H4. If the trigger bar closes up, go long - if closes down, go short. (On the breaks of the H / L).
I'll have to look at that for sure. Thanks. I really like basic candlestick patterns at key price levels. They work real good and require little thought.
When you say trigger bar are you talking about the engulfing bar itself or the candle that comes after.
The engulfing bar.