Inside Bar Trading Strategy
An Inside Bar means a contraction in price range or volatility. It is a pause in price movement and does not show any strength in price direction. This will lead to a breakout from this trading range.
Red Pin Bars
Green Engulfing Bar
Yellow Inside Bar
The height of the vertical line shows the strength of each pattern with a scale 1 to 4. The pattern strength is calculated based on how the pattern is formed in relation to its adjacent four bars. The higher the line the stronger the pattern. Pattern Name and whether the pattern is bullish or bearish and pattern strength is displayed in the Data Window tab of the terminal.
Strong surge last Friday has been followed by choppier trading while market awaits Deutsche deal.
The Euro is showing early signs of topping once again after rising to the highest level in five years against the British Pound.
We are pleased to announce a special Mirror Trader Webinar. Bill Lawless, FXDD’s Head of Sales and Shawn Powell, from FXDD Business Development will host Tradency’s Global Business Manager, Ophir Schultz, Wednesday May 16, 2012 1:00 PM. This online class will feature training information on the new FXDD Mirror Trader MT4 plug in for automated trading. You will have the opportunty to ask the three trainers questions live during the class. Also if you register for the class, you will get the recording emailed to you after the class ends. Here is the link to register https://www1.gotomeeting.com/register/231357096