I trade a lot of inside bar and i spotted this inside bar on the NZD USD.
You see on my chart i marked inside bar in purple.
Before i trade a inside bar i want to see a bit of trend. In this case thats there so were good to go.
Then i handle it as a breakout trade, i place pending orders both buy and sell and use the high and the low of the inside bar as entry point and stop.
There is no target, the Exit is end of day. In this case if a pending order is triggered, close it at the end of day, in this case the end of Monday.
UPDATE MONDAY 20JULY2015
In tradingview chart the long trade was triggered, and can be closed tonight with profit.
In my real broker account also the sell order was triggered and also stoploss was triggered.
there i had 1% loss, but due to the small profit on the buy order, i suffer < 1% on this particular trade.
You see on my chart i marked inside bar in purple.
Before i trade a inside bar i want to see a bit of trend. In this case thats there so were good to go.
Then i handle it as a breakout trade, i place pending orders both buy and sell and use the high and the low of the inside bar as entry point and stop.
There is no target, the Exit is end of day. In this case if a pending order is triggered, close it at the end of day, in this case the end of Monday.
UPDATE MONDAY 20JULY2015
In tradingview chart the long trade was triggered, and can be closed tonight with profit.
In my real broker account also the sell order was triggered and also stoploss was triggered.
there i had 1% loss, but due to the small profit on the buy order, i suffer < 1% on this particular trade.