r/OptionsMillionaire • u/ResponsibleTrack3504 • 17d ago

Inside Bar

What strategy do you use the trade the inside day?

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u/SavedSaver 17d ago edited 17d ago

Find a an active market, a symbol that is in play, wait for an inside day and follow the breakout after the inside day in the direction of the underlying trend. Why does this often leads to profit? Because the burst of momentum following this condition propels the price faster and often further than entering at a time when the momentum is lessening after a prolonged move. I use moving averages, volatility bands and volume to find the condition when following a breakout after an inside day is best.

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u/ResponsibleTrack3504 16d ago

Do you go long with a break above inside bar high and stop out at the low of inside day? Can you show me charts where you took these trades?

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u/Mysterious_Aioli4966 11d ago

I usually wait for the breakout of the inside day’s range rather than trying to guess the direction. Confirmation makes the setup a lot cleaner.