Strategy on trading insider bars?
Posted: Thu Apr 23, 2009 1:25 pm
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??
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??