一个非常简单的 Inside 酒吧系统 (A very simple Inside bar system)

Definition
1. Inside bar: the Close price of today is inside the range of previous trading day’s range.
2. Outside bar: the Close price of today is outside the range of previous tradng day’s range.

Recommendation
Using Barchart instead of Candlestick chart to read Daily timeframe.
Using Candlestick chart is ok, but Barchart help to see Close price in relationship with Previous day’s range better.
Method
× Step 1: Wait until the End of Day
× Step 2: If Today is Inside bar, wait for tommorow
× If Today is Outside bar, look for the LAST Inside bar on the left.
× Step 3: Open lower timeframe (H4, H1) to find entry inside the Inside bar’s range. Short entry if Outside bar Close below Inside bar's range, Long entry if Outside bar close above Inside bar's range.

- Stop Loss (SL) should be at the Top of the Inside bar (for Short entry) or at the Bottom of the Inside bar (for Long entry).
- Entry should be at Resistance level below it (for Short entry) or Support level above it (for Long entry), and better if the level is Flip/or Multiple Support-Resistance level.
- Take Profit (TP) should be at the bottom of the Outside day which’s next to our Inside day, or at desired Risk:Reward ratio.
Usually TP could be take when Profit = 4xRisk. At Profit = 3xRisk, move SL to Entry => Break-even.

Example:
Step 1 & 2: Look for couple of Inside & Outside bar.

There are many inside bar, but we care only about the Last Inside bar before an Outside bar.
We have some IN-OUTside bar couples, as Red is for Short entry & Blue is for Long Entry.

Step 3: Entry, SL & TP
Again, for entry, Look for Multiple Support - Resistance level and TP at the high(for Long)/low (for Short) of the Outside bar or TP could be at personal desired Risk:Reward.
Blue line: Multiple Support - Resistance level below Inside day's top (for Short) or above Inside day's botom (for Long)
Red box: Entry & SL
Green box: TP


Note that these box is illustrated inside the Inside bar day, the Outside bar is next to it on the right.
The Setup - Limit order - should be set after the Outside bar day.

Today (the day this example is written) is Sept 28, 2023.
From left to right:
Loss be counted as touching SL before touching TP. If trader want to take profit with personal desired Risk:Reward then it's up to them.
Setup 1 (Short): End - Loss
Setup 2 (Short): End - Loss
Setup 3 (Long): End - Profit
Setup 4 (Long): Active - Currently in Profit
Setup 5 (Short): Active - Currently in Profit