Strategy on trading insider bars?

[PINKPANTHER5]

Insider bars look very profitable since you dont care which way the market goes before you enter the trade, but I suppose you dont just blindly put a buy entry and sell just by looking at the insider bar. Do you have to check the candle colors on higher time frames or trends?

I've heard people who said they have had real success with this, but it appears to have too many fakeouts which trap you in both positions. Any ideas??

[TheRumpledOne]

I use the H1 chart to determine inside bar trades.

DIBS uses the London session open to establish a daily bias and only takes trades with the bias.

[PINKPANTHER5]

Thanks for the reply,

Do you use the DIBS method? If you are trading insider bars, is there something else you look at before just placing buy and sell orders on the insider bar? Just curious because there have been so many fakeouts. I must be doing something wrong


thanks

[TheRumpledOne]

This is TRADING... ANYTHING CAN HAPPEN!!

You either take the trade or you don't.

Sometimes you win.

Sometimes you lose.

It's that simple.