Bar type trading, also known as range trading, is a trading strategy that involves identifying and trading within a specific price range. This strategy is based on the assumption that prices tend to fluctuate within a certain range and that traders can profit by buying and selling within that range.
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Most Profitable Bar Type Trading Videos
There are a number of different bar type trading strategies, but some of the most profitable include:
The Inside Bar Strategy
The inside bar strategy is a range trading strategy that involves identifying and trading within a smaller price range that is contained within a larger price range. This strategy is based on the assumption that prices will often consolidate within a smaller range before breaking out in either direction.
To trade the inside bar strategy, traders first identify a larger price range. Once the larger price range has been identified, traders then wait for a smaller price range to form within the larger price range. Once the smaller price range has formed, traders can then buy or sell within that range, depending on the direction of the breakout.
The Outside Bar Strategy
The outside bar strategy is a range trading strategy that involves identifying and trading outside of a specific price range. This strategy is based on the assumption that prices will often break out of a range in the direction of the breakout.
To trade the outside bar strategy, traders first identify a specific price range. Once the price range has been identified, traders then wait for a price bar to close outside of the range. Once the price bar has closed outside of the range, traders can then buy or sell in the direction of the breakout.
The Pin Bar Strategy
The pin bar strategy is a range trading strategy that involves identifying and trading on pin bars. A pin bar is a candlestick pattern that has a small body and a long wick. The wick of the pin bar should be at least twice the size of the body. Pin bars can be either bullish or bearish, depending on the location of the body in relation to the wick.
To trade the pin bar strategy, traders first identify a pin bar. Once the pin bar has been identified, traders can then buy or sell in the direction of the breakout.
Conclusion
Bar type trading is a profitable trading strategy that can be used to trade a variety of financial markets. The inside bar strategy, the outside bar strategy, and the pin bar strategy are just a few of the many bar type trading strategies that traders can use.
If you are interested in learning more about bar type trading, there are a number of resources available online. You can also find bar type trading courses and workshops that can teach you how to trade this strategy.
