1β£ What is inside a candle
When you see a big candle red/green followed by a small candle such that the high and low of the small candle are inside the previous candle high and low then such a candle is called an inside candle. The big candle is called the parent/mother candle
When you see a big candle red/green followed by a small candle such that the high and low of the small candle are inside the previous candle high and low then such a candle is called an inside candle. The big candle is called the parent/mother candle
2β£ When to take entry and where to put SL
The entry is taken once the low of the mother candle is broken by and candle followed by the inside candle
(the time frame used is 15 min)
and SL is placed at the high of the inside candle (for low-risk takers)
The entry is taken once the low of the mother candle is broken by and candle followed by the inside candle
(the time frame used is 15 min)
and SL is placed at the high of the inside candle (for low-risk takers)
3β£ How to decide the target
The target is equal to twice the height of the inside candle. ex: if the inside candle is 40 points then the target will be 80 points.
The target is equal to twice the height of the inside candle. ex: if the inside candle is 40 points then the target will be 80 points.
4β£ Trading of the inside candle for slightly high-risk takers
The method of entry remains the same but SL is placed at the high of the mother candle and the target is twice the height of the mother candle
The method of entry remains the same but SL is placed at the high of the mother candle and the target is twice the height of the mother candle
5β£ Example of trading inside candle for low-risk takers
This is very widely applicable in index
This is very widely applicable in index
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