Outside Bar Trading Strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This works best on forex pairs (majors mainly the USD dollar pairs) and the main indices. We are looking at daily charts here.
What is an Outside Bar or Outside Day? This is when the prior’s day low is taken out and the prior’s day high is taken out. So the high has to be higher than the previous day’s high and the low has to be lower than the previous day’s low.
Trending market filter: ADX or EMA’s (10, 20)
Outside Bar after 2 Trend Candles
Stop = Extreme plus or minus 5 Ticks / Pips
Exit = Stop Loss Distance
What is an Outside Day? How to Trade Outside Bar Candlestick Patterns 💡
Why are Inside Days and Inside Bars formed? The Inside Bar Breakout! 💡
Outside Bar Trading Strategy 💡
Outside Bar (Engulfing) Reversal: The Outside Bar at Resistance/Support Setup