Sometimes the simplest things are the best.
We spoke previously about one of my favourite methods for entering into an opening drive. We wait for the first break against momentum. And then strike when we confirm it’s a trap. See here for an example: https://yourtradingcoach.com/trading-process-and-strategy/first-break-against-a-momentum-drive/
But this is even simpler…
A PB or BPB Setup within the context of an opening momentum drive, with the pullback comprising 1-2 candles and forming a narrow-range inside bar.
These are setups that cannot be missed.
To review the LWP concept, refer to Volume 3, Chapter 4, Pages 72-77.
Sometimes the simplest things are the best.
And no, they don’t happen all the time. But when they do, you MUST be focused and ready to take advantage of the opportunity. These are setups that cannot be missed.
Happy trading,
Lance Beggs
Related articles (with an Inside Bar focus):
- https://yourtradingcoach.com/trading-process-and-strategy/inside-bars-at-the-end-of-a-price-swing/
- https://yourtradingcoach.com/trading-process-and-strategy/double-inside-bar-setup-and-trigger/