Question about multiple inside (or outside) bars

[Cerberus]

Before joining The Forex Guy, I was under the assumption that multiple inside bars had to be inside the first bar only (instead of each bar being inside each successive bar as taught here).

Is there any value in this type of setup, or should it be ignored?

Thanks in advance.

 

[erebus]

Can you post any examples of the setup? Probably answer your own question by studying the charts. I'll have a look for some myself.

 

[erebus]

I guess the main thing with Double Inside Days would be the context of what is happening with Price Action overall, eg. Support & Resistance levels, trend lines, double bottom or tops, etc.

And with any Inside Day, it represents indecision in the market, so 2 days of that can lead to a move, perhaps traders were waiting on a big news event to determine the value of one of the currencies?

And depends on how good you are at reading that price action I guess, if we were good enough to read this chart, we would be all rich, my hindsight is always 20/20 LOL

 

[penny128]

yeah i had this problem as well. i wonder how it works