Learn To Trade Forex and CFD's with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
This Video Explains the Inside Bar Forex Trading Entry Setup using the “Failsafe Tweaked Entry”. Watch this Forex Tutorial Video to learn more about the Inside Bar Forex Trading entry and how you can make money using this break out pattern in your trading. If you enjoy this Video you should check out my advanced Price action forex course.
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Allways informitive.
all the best Terrance
Most likely, this trade would havealso been a valid IB break out, but it woul dhave been stopped out or possibly a break even trade.
I think when you have the resistance level setup as per this videos example, its certainly a higher probability trade.
The stop is traditionally placed under the inside bars low, or if its a really tight setup, below the mother candle low.
having said that, many IB break outs are very fast and a tighter stop could be used.
Nial
I lost several inside-bar trades recently 
playing “inside pin-bar combos” in the direction of the
pin-bars rather than the break-outs.
I finally *got-a-clue* from the 12/28/08 & 1/1/09 …
free videos.
(wait for the break-out confirmation ! …
despite the price action signal e.g. perfect pin-bars)
Funny how this video also addressed my recent “query” 
Although, these inside(pin-bar, combos ?) look to signal the direction of the move …
and they’re nice little candles for a reasonable
“tight-stop” / risk-reward etc.
not all of the recent “inside (pin-bar, combo) break-outs” have been as *pretty*
I actually traded this pair 10/25/09 (against the trend) and made-up for some of my losses, but I need more information/help ~ lol
I seem to do better against than trend than with,
even though I know you advise against that for new traders.
Thanks for the free information, Nial.
Nial,
Although this trade paid off, is it a good practice to buy close to resistance lines? Also, how often, on average, is there an occurrence of a trading opportunity using your strategy?
Peace,
DR
Lots of inside bars on daily today so time to add them to the pinbars and fakey setups already in my repertoire. Thanks again Nial. Forum really humming.
bridge
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Matt said,
October 28, 2009 @ 4:13 pmHi Nial
On this chart there is also an IB set-up on 21 and 22 October. Would you have also taken this trade on the long side. Also where do you place your stop loss.
Cheers
Matt