Inside bars (by definition) are completely overlapped by the prior bar and must be considered to be a small trading range. This usually makes them poor Signal Bars, unless they occur with trend or meet a couple more criteria.
Small bar at one end of a large trend bar
A Small bar at one end of a large bar is a setup for a fade of the large bar. The size of the inside bar is the most important criteria, it should be less than half the size of the outside bar (the bar that contains the inside bar).
If both bars have prominent tails, it makes sense to wait for a second entry (2E) instead. If there is confluence, take the 1st entry. Like in the below example there is a failed breakout of the bear trend line and a possible double top lower high.
Continue reading “Inside Bars”
There are several ways to enter a trade on a reversal signal. All have advantages and disadvantages and finally depend on the market context and the trader. This post only represents a small selection of possible entry methods and doesn’t cover scale-in type of trade entries or trading a penetration of a micro trend line.
To find reversal signals, you can use the Reversal Signal Bars indicator. Continue reading “Reversal Signal Entry Strategies”
As a Day Trader horizontal Support and Resistance from the current and prior day are your main concern.
You can use the “Day Trading Support/Resistance” indicator for NinjaTrader Continue reading “Support & Resistance”
As a Day Trader horizontal Support and Resistance from the current and the prior day (HOY, LOY and COY) are your main concern.
Continue reading “Gaps from Prior Days”
We’ve added the “Yesterday’s shallowest Trend Lines” indicator to our portfolio of free indicators.
Check out our free indicators section.
I always draw the shallowest trend lines from yesterday as part of my Pre-Open routine. Continue reading “Yesterday’s shallowest trend lines, be sure to draw them”