Toby Crabel, a pioneer in systematic trading, did some serious work on volatility patterns found in price action. In his splendid work, “Day Trading with Short Term Price Patterns and Opening Range Breakout,” he discussed his research of many volatility-based price patterns, including the Inside Day/NR4 (ID/NR4). What is the ID/NR4 Pattern? This bar pattern combines two […]
Double Inside Bar Pattern For Intraday Trading
Are you familiar with the inside bar? If so, it’s easy to add another pattern to your arsenal by paying attention to the Double Inside Bar pattern. This price pattern is useful in the right context, but trading it can be tricky. This review will go through a few guidelines and examples to help you […]
Popgun Bar Pattern Trading Setup
On daily charts, outside bars represent an erratic session and are always worth a closer look. The Popgun pattern is one that incorporates an outside bar as its trigger. I first came across it on Elliot Wave International’s website, where Jeffrey Kennedy wrote a short piece to discuss it. In this article, we’ll study this […]
Hikkake Trade Setup
Hikkake means to trap, trick, or ensnare. Dan Chesler discussed this candlestick trading setup in the Active Trader Magazine in April 2004 (“Trading False Moves with the Hikkake pattern”). Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the […]
Modified Hikkake Price Pattern For Trading Reversals
The Hikkake pattern is one of my favorite price patterns. Although it is a simple pattern, it demonstrates powerful price action concepts. In this tutorial, you’ll learn about a lesser-known variation of the Hikkake: Modified Hikkake Pattern According to Dan Chesler, the Basic Hikkake works for both continuations and reversals. On the other hand, the Modified […]
How To Trade With Inside Days
The Inside Day is an important pattern for price action traders. Even if you do not intend to trade it, you need to understand its significance. Inside Days represent critical points that uncover useful clues about the market. What is an Inside Day? An Inside Day is a two-bar pattern. To identify an Inside Day, […]
