Inside Bar Trading strategy (Part 2) | 90% accuracy | Vibhor Varshney
Hi everyone, first of all thank you so much for the love and support when i posted inside bar video, not expected that will get so much love, support many people are eager to learn something new impressed to see that more than 1000 Likes, i guess this happened for 1st time on my video thank you so much for support now talking further in last video shared valid, invalid patterns, showed entry SL i shared indirectly lots of queries on twitter, telegram, whatsapp youtube comments about SL T1, T2 how to place, for that will do detail analysis today to see how to calculate SL, T1, T2 and trailing SL as well and partial profit booking for exam - if T1 meet then what SL should i keep how much profit should i book i already shared daily screener, but didnt shared screener of 15min to see how many viewers watched video carefully, understand logics clearly and how many viewer wait eagerly for analysis from learning perspective today will see 15M analysis what happened last week, remember showed inside bar in BN will show you in 15min screener as well that how inside bar work before moving ahead, if channel not yet subscribed just a small request subscribe channel and share this video with friends to make knowledge impact simple crisp clear price action analysis reach them lets move to pratical application before that if 1st video not yet watched stop this video and watch 1st part first in 1st part covered most of this if not watched, this video will not be helpful today i will discuss about entry,sl, target entry i discussed, intentionally not discussed SL & Tgt if not watched, watch now title is Intraday & Positional Trading strategy last time i share screener of daily timeframe not posted for 15min intentionally to see how many people interested today will see backtesting of mid/small cap and bluechips SL,Tgt1,Tgt2 will discuss will see what happened in this week video posted last week, will see what happen in 5days will see practical application those who watched 1st, continue now if not watched, see 1st then see this one talking about this week last time i showed that in banknifty inside bar is formed when i posted last video on monday, formed in same range tuesday was holiday, then open gap down see carefully, my entry should be below this low in BN but didnot closed, what was entry criteria we discussed? if close below then will take entry but here closing didnt happened below close below next day, if anyone here taken any trade, future short if have good capital or put bought, next day mkt open down by 500pt and further slipped, simple strategy of inside bar will show other stocks in backtesting will discuss SL and target lets 1st discuss SL Tgt, then backtesting and this time will share 15min screener as well we wait to see real participation got lots of love and doubts, will solve them today stay tuned in video last time when we discussed about inside bar for exam - this candle formed, 2nd candle formed something like this this is proper inside bar, coloring candles like BN, 1st red, 2nd green ques is where to enter, last time also discussed either close above high or below 1st doubt, if using daily T/F means inside bar formed in daily T/F then closing should also in daily t/f hourly,weekly,15min of no use i am intraday trader, watching 15min chart then daily,hourly,weekly of no use for me same goes for weekly, if much volatile in daily then let it be if using weekly chart for inside bar then closing, entry, exit, sl , tgt also in weekly other t/f of no use, focus on your t/f for ex- entry came, either breakout or breakdown if breakout, our condition was close above high bullish candle it should be, these were 2 conditions this is closed, ques is what is SL & TGT i discussed about SL in clever way when i told see 15min t/f and said SL not hit many understood that, it was a tricky way see clearly now if close above high or long entry came then SL should be low of mother candle or bit low by few pts for buffer in daily chart if breakdown, for ex- if this candle gave breakdown in short which happened now in BN then SL would be above high can take buffer of 1-4pts you can keep SL above high, this is about SL i hope SL is clear, this is predefine range and we continued this range that it become resistance or support, the high and low next ques is target i usually keep 1:2R or 1:3R what is this? lets understand this with practical exam any stock have high at 1100 and low at 1020 diff of H&L is of 80pt, SL of 1018 assume closing done for long side 1 Tgt for 1:2R will be if i keep 1:1R, then Risk reward will not be favorable risk we taking at closing basis then risk is high and reward is less thats why 1:2R, 1:3R as patter is continuation pattern breakout pattern if keep 1:2R then 1st tgt will be 1100+(80*2) answer is 1260 for 1:2R means i keep risk of 1 and reward of 2 in same way if calculate for 1:3R for Tgt2 1100+(80*3), answer is 1340 can see risk reward is highly favorable this was about SL & Tgt will give screener of 15min chart i know many people do intraday trading and will do backtesting that what happened this week will do on daily chart as well using same screener which i shared earlier BN discussed already, this screener was of daily chart which i shared already with you this is showing live exam. in screener for exam. Chalet hotels, it is showing that its inside bar now it is in waiting, but can do backtesting go down, in chartink you can see backtest history i posted video around sunday around 28 feb doing backtesting of 28Feb, these are all stocks we seeing here for exam. FACT,BEPL,Chennai petro,Ester, so on.. here i see Kotak, Rallis, Cummins, ITC, oh god see exam. of kotak, itc quickly what happen in backtesting of these this is double inside bar, which came in our screener this inside bar formed, breakout not done in next candle not in another also, then tried 2 times again finally here breakdown came will teach you trailling SL if market is in your direction then how to trail before that see another inside bar see this, inside bar formed, entry came bullish candle, more of spinnin top to bullish closing above high, here entry came at 1830 easily got 80pt here for calculation, you can calculate range range of 80pt apprx., now SL came in this case how to trail SL, will calculate that that after entry my Tgt 1 meet then how to mange next stock was ITC, here not 2 opposite colors many people asked this doubt, i used word many times, prominent, means if not opp. color still its valid, not invalid pattern
if of opp. color then more confident, confirmed, strong see this inside bar formed valid by 5paise entry came here and good tgt also met now here inside bar formed which screener showed, entry came above high next day gave movement of 7-8pts this much movement by ITC if someone bought for swing trade then got good movement this was backtesting,you can do samething from learning purpose that if doing backtesting, then how this will work now showing 15min, then will see trailing SL this is 15min screener, have filter of 100rs only show stock higher than 100 stocking seeing now, exam - TTK, Hisar and so on its in live chart, lets see TTK see in 15min, entry at 689 and then jump here breakdown, here breakout in live pattern, inside bar at last candle formed simple inside bar, nothing else clearing another point in 15min that 15min chart is for only intraday means same day entry,sl,tgt, no carry forward if here breakdown or breakout came, then its of no use for me as this is for intraday, next day new volatility will come no will see backtesting of it, many stock coming here if pick candle of 9.15 of last day this is of 4mar candle of 9.30 1st candle formed at 9.15 to 9.30 and this is candle at 9.15 if i see here, can see good results sfl - ignore,hdfc - good,bajan electrical bajaj finance, starting with these back testing of 15min this is hdfc chart, can see 2inside bar on screen 9.15 to 9.30 inside bar formed last time we discussed that i dont prefer doji as there is no buying selling if see from visual perspective, breakdown came post that stock tumbled no doubt instead of doji, red candle would have been better and easy for trading but post that see in bottom base again inside bar formed, tgt almost met in 1st candle but didnt stoped here, from 2224 to 2252 easily gave 25pts 2nd was bajaj electrical and bajan finance this is bajaj finance, this is 1st candle this formed simple inside bar breakdown came, if entry taken at 6587 stock easily went down by 100pts that was quick swing trade and exited very simple analysis not technical did i used volume, moving average, rsi? NO i simple trade on price action and with my clients and teach same to my students that price action is base what all say? price is god, now how to trail SL we saw inside bar in 15min target told, if movement is in my direction then how will i trade, see that assume here inside bar formed as saw in bajaj, itc this is high, low, assume high cross and sustaining calculated tgt 1 and 2, lets do calculation this is 120, this is 110, SL 109.5 close at 122, buffer of 1.5% entry came, first writing calculation here
SL 109.5, Tgt 1- range of 10pt and have to put range from 120 level, high + 1:2R 120+10pt, T1 is 130, T2 is 140 sl, risk reward clearly visible lets assume you bought 100shares in cash you can think of future option per your risk you bought 100shares, lets say stock came in momentum as we did backtesting stock started moving up slowly, assume T1 met and hit 130 i will book 60% now from this notice how i post on telegram? time to book some profit you must have got an idea from this massive downfall that timely bookings profits is important why? we keep hold that stock will move up and suddenly all profit wipe out once T1 met, i book 60% my previous sl was at 109 now my TRL will be at my cost for rest of 40% i will use cost as my sl so that if momentum create in stock then breakout as range is narrow and if stock fall again and reverse then it will not have any impact on my pocket earlier this was resistance now this will become support, right, dow theory have explained in many videos if this support braked then can slip further as we saw in backtesting as well thats why i keep saying to book partial profit so that we dont suffer loss SL trailed to cost, now i am safe if considering all taxes, place TRL at buffer of 2pt i guess you can mange this at your end you can keep it at 70:30 as well its all on you, if more conservative trader then can use 80:20 as well use earned amount to see new breakout screener will be there in description you will see lots of stock, see here talking of some good stocks BEML, also can filter direct to F&O Dabur, hind petro, sbi, titan, bankbees can do trade easily with this if breakout coming, follow momentum keep SL, also can put Bracket/Cover order if you are an intraday trader i tried to show SL, resolve all your doubts in comment section i tried to show you these in detail analysis if liked video, share with your friends like and subscribe and can comment more for other strategies or patterns on which video can be posted if want simple price action analysis nothing much, for appreciation hit like button and share video with 1 person atleast i will understand that my knowledge is impacting someone Lots of Love! i hope after detail analysis you liked video and analysis more tried to cover everything in video if still any doubt left, comment about it me or team will respond or you can whatsapp or tweet me you will get instant, if liked video share with your friends they should also get chance to learn thanks for watching video, Lots of Love!