The Inside Bar Candlestick Pattern

An Inside Bar Is two Candlestick, the first one is called the mother candle, it is big and large, and the second one is smaller and is located inside of the Mother Bar. 

What Is an Inside Bar Candlestick Pattern?
Inside the bar at tops and at the bottom, as we can see, the second small bar is completely contained by the first one which is the opposite of the engulfing bar pattern. It is also seen as a reversal pattern, coz it indicates that the market trend is likely to change especially when it is located at the top or bottom. Continuation Signal in a strong trending market and in a bull market represents a bullish continuation signal about 52% of the time and a bullish abandoned baby as we called it, is considered a bullish reversal pattern 70% of the time in a bull market and 55% in a bear market.

The Psychology behind the pattern formation;

Indicate a period of Consolidation, In the case of a bullish trend, it reflects that the bulls are not Buying any further on the second day, it is represented by a small black Candle on the second day, after a strong uptrend. And in the case of a bearish trend, it means that sellers are not in control of the market anymore, it is reflected by a small black candle after a strong downtrend. 

How to trade the Inside Bar Candlestick pattern?

Inside Bar can be traded successfully in trending markets. The formation of this price pattern provides you with a great opportunity to join the big move. You have identified a strong trend and wait for the formation of an inside bar in line with the direction of the market.The formation of this pattern indicate that the market pauses before its making the next big move; this will allow you to enter the market at the right time and make big profits. 

How To Trade the Inside  Bar Breakout With Support or Resistance 

If Sellers overcome buyers, they will push the price below the support level. Some buyers will feel afraid to lose money because they see that the support level is broken, so they will get out and sell the market again to cover the Loss. Other participants will notice that sellers are in control of the Market, they will decide to sell the market and help the bears push the price down.

As a trader, if you have enough knowledge about support and resistance levels, when you open your chart, you will notice that the support level is broken, and the bears are in control of the market, this is a good selling opportunity, right? But the question is, what is the right time to enter the market?

Inside Bar is the most reliable price action signal that will give you the right time to enter the market and make a big profit. 

Tips on Trading the Inside Bar Price Action Setups

  1. Trade the bigger time frame. Stick with trading signals in bigger time frames such as the daily and 4-hour time frames. Trading these setups on a lower time frame will increase your chance to overtrade the market and take low probability price action signals. If you follow bigger time Frames, this will allow you to set and forget your trade instead of being emotionally controlled by the market.
  2. Trade the dominant Trend 

 One should start trading Inside Bars in line with the direction of the market, especially in a strong bullish or bearish trend, but don’t ever try to trade it against the trend if you are a newbie. When you feel like you have mastered trading this pattern with the trend, you can move to trade range-bound market and Counter trends.

  1. Trade only from key levels 

Remember that not all Inside bars are worth trading your hard-earned money; there are specific locations where this setup works great, so make sure that your signal is located at a key level in the market.

  1. Find Different Factors of Confluence 

Trading with confluence means combining different signals to make the best trading decision. 

How to Trade a false breakout of the Inside Bar Candlestick Pattern?

Bank & Financial markets know how we trade the market, they know how we think and where we put our stop losses and targets, this is the reason they could easily make money from us. One of the most famous strategies that big players use to take money from novice traders is called stop loss hunting strategy.

This Strategy consists of driving prices to a certain level where there are massive stop-loss orders and the purpose is to create liquidity, because without liquidity the market will not move. Once stop losses are hunted, the market goes strongly in the predicted direction.

The interaction between big participants and novice traders creates a repetitive pattern in the market, one of the most important candlestick patterns that illustrates how big financial institutions manipulate the market is the inside bar and false breakout pattern. 

This price action signal is formed when the price breaks the inside bar pattern and then quickly reverses to close within the range of the mother bar.

Inside Bar False Breakout Trading Examples 

Support and Resistance level, and Supply and demand areas.

Fibonacci Retracement levels, particularly, the 50% and 61% retracement levels.

21 moving averages and trend lines in trending markets.

Horizontal levels in range Bound Market.

 Trading Inside Bar False breakout with Fibonacci retracement 

           What you have to know is that in an uptrend or a downtrend, the market creates impulsive moves and pullback. The Best Fibonacci retracement levels that we should use are 50% and 61% levels. In my experience, these levels are the most important pullback level in the market. If the pullback reaches 50% or 61% levels, we just need a price action signal to confirm our entry. Fibonacci tools can be used to trade pin bars and the engulfing bar setups. The benefit of trading the false breakout of the inside bar candlestick pattern. 

If you master this pattern, this will allow you to stay away from trapped traders and enter the market when novice traders have to get out with loss. 

Money Management Strategies 

Now you have the strategies, you know how to analyze the market, you know when to buy and when to sell and when to exit, You also know when to stay away from the Market. 









Bank Strike for Two Days On Sept 26-27 to protest Government Merger plan

 Four bank unions – All India Bank Officers Confederation, the All India Bank Officers Association, The Indian National Bank Officers Congress and The National Organisation of Bank Officers – have called for a strike from September 26 to 27 to protest against the merger of 10 state-run banks into four bigger banks. 

trak.in

The Bank Unions have announced the strike on 26-27th Sept i.e on Thursday and Friday and the next day would also be a bank holiday  as it is a Fourth Saturday of the Month and Sunday in anyways is a Bank holiday so bank would be closed for 4 Consecutive days that may affect the normal business as said by SBI.

The Government On August 30 announced to bring down the total number of PSBs to 12 from 19 in 2017 to make them global sized banks. The following would be merged as per the plan. Union Bank of India and Oriental Bank of Commerce to be merged with Punjab National Bank making it second largest PSBs. 

While Syndicate Bank is to be merged with Canara bank, Allahabad Bank Merging with Indian Bank and Andhra Bank and Corporation Bank will amalgamate with the Union Bank of India. 

The  Closure of the bank for 4 consecutive days will not only affect General Public will also have an adverse effect on trade and industry. The strike by the Bank Unions at this crucial point where the economy is slowdown is ill-timed and Unpatriotic.

FKCCI Strongly oppose the strike and appealed bankers to defer the all-India strike Schedule on 26th and 27th September in the interest of the Nation. Not only Cheque Clearance but ATM service too might get affected because of the strike. On the contrary, the service charges imposed on customers for various services, including non-maintenance of minimum balances, ATM transactions etc have sky-rocketed. Common man of the country is put to inconvenience,” the strike notice said.

38th International Trade Fair In Delhi Has Began

hindi.indiatvnews.com
hindi.indiatvnews.com

NEW DELHI: 38th International trade fair has begun in Pragati ground, Delhi and it will continue till 27th of November, 2018. Traders from all across the globe will come to participate in trade. Inaugurated on the birth anniversary of our first Prime Minister of India Mr. Jawaharlal  Nehru by the Minister of Union Commerce and Industry Minister C.R.Chaudhary near hall no.7 on Dhawani Theater with the presence of Union Culture Minister Mahesh Sharma on the day of inauguration.

googly365.com
googly365.com

This year the theme of the trade is based on “Rural Industries in India”. In which Make In India, Swachh Bharat, Digital India, Kaushal  Bharat, and startup India will be showcased. Jharkhand is the focus state of the trade fair 2018 with Afghanistan being partner nation and Nepal has been kept in focus country other than this China, Hong Kong, Iran, Myanmar, South Africa, South Korea, Thailand, Turkey, and United Arab will also take part in fair. This year entry of Pakistan traders has been restricted.

exhibitionshowcase.com
exhibitionshowcase.com

On the fair, “Hunar Haat “ will be organized by Minority Minister which will run till 27th  November. Many artisans, craftsmen, artisans from across the country will participate in the trade fair.

 

For the first time, The product of Chhattisgarh, Namada and Chinon silk of Jammu and Kashmir will be available.

This year only 20% area of Pragati Ground is utilized for the trade fair.The structure of the fair is quite short as compared to the previous year because govt is trying to develop Pragati ground for International Meetings. Like every year, the first four days from 14th to 17th November will be open for trade visitors. The concept of the fair is focused on the Rural and Small Industries. Fair will be organized in the Hall no. 7,8,9,11,12 &12A. The main theme of the trade fair is showcased in the hall no.7.

First, four days of the trade fair will only open for traders and industrialist. In this four day price of the ticket is Rs.1800 per person and after that from 18th to  27th November fair is open for everyone. Entry passes on the weekend is Rs.120 for adult and Rs.60 for children and on working days the price of the ticket will be Rs.60 for adult and Rs.40 for children. Entrance tickets are available on every metro station except Pragati metro station. Trade fair will be open from morning 9.30 AM till evening 7.30 pm.

 

Loan Up To Rs. 1 Crore For All MSME Traders In Just 59 Minutes

www.news.digiintern.com
www.news.digiintern.com

Now applying for the loan has become more easy and convenient for all MSME traders and the one who wishes to start a new business in just 59 minutes you can avail a loan for up to INR.1 crore starting from INR 20 lakhs in a hassle-free way at click on government recognized portal psbloansin59minutes. An initiative by Prime Minister OF India Shri. Narendra Modi, which is a Historic support and Outreach Initiative for MSME sector to revolutionize in Ease Of Doing Business for all small trader.

PM. Narendra Modi also unveils 12 key initiatives for growth and expansion in Ease of Doing Business and also mention the rise of Ease of Doing Business Ranking from 142 to 77 in 4 years with the major announcement for the betterment of MSMEs sector.

There are 5 key aspects of facilitating the MSMEs factor. This includes access to credit, access to the market, technology up gradation, ease of doing business and sense of security of employees in New India where one didn’t need to regularly visit Bank repeatedly said by Finance Minister Ms. Arun Jateily.

The major announcement made by the Prime Minister on Access to Credit was launching 59 minutes loan portal in easy access to credit for all MSMEs traders. An in-principal approval will be granted through this portal in just 59 minutes without paying an extra charge of Registration. Link to the portal is available on GST portal. The platform is directly connected to CGTMSE scheme.

On his second announcement, he mentions 2% interest subvention for all GST registered MSMEs and increase in an interest rebate from 3% to 5% for all exporters who receive a loan in the pre-shipment and post-shipment period.

 

The third announcement made was for all companies with the turnover of more than 500 crores to be compulsory brought under Trade Receivables e-Discounting System (TReDS) which will resolve the problem of cash cycle by easy access to credit from the bank for their upcoming Receivables.

No registration fee required to apply for loan anyone can easily apply for the loan in just 59 minutes. For existence Business Borrower should be GST, IT complain and must have six months Bank statement Facility. Eligibility to the loan is determined by the Income/Revenue, Repayment capacity, Existing Credit Facilities and any other factors as set by lenders.

In- Approval receipt would be generated in 59 minutes after successful registration into the portal and uploading necessary documentation as required to access to credit which includes GST Identification number, Income Return in XML format, Bank statement for last six months in pdf format and Director/owner details: Basic, Personal, Educational and ownership details and after successful registration  in-approval receipt will be generated in 59 minutes and after successful verification of document loan will granted within 5-7 working days  from any selected partner Bank as chosen by you during registration at a Rate of interest starting from 8%onwards .

No Collateral required to access the loan, anybody can access to credit under CGTMSE scheme. Link to the portal is available on MSME samadhan, GST portal, Aadhar, Gem – Government e-marketplace, Pradhan Mantri Mudra Yojna, and Udyami Mitra-Empowering MSME. The loan can be avail from any partner bank they wish to avail from.