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I recently started the course and I am very pleased with the learning material.
I only run into the IOI bars. As indicated on the picture, this is an IOI pattern. If I go from right to left then I understand Inside bar and also the Outside bar. What I don't understand is the last Inside bar. This bar does not fit into the bar to its left (doji).
Hopefully someone can explain this to me, it must have been misunderstood on my part.
The IOI pattern does not go from left to right. It is inside the bar to the right, outside both bars, on the left and on the right, and inside the bar to the left. This creates a H2 which is a buy pattern in a bull trend.
So if I understand correctly, look for the first bar to the right to see if it is inside/outside. And the next bars you only look to the left of the bar if it is inside/outside?
So if I understand correctly, look for the first bar to the right to see if it is inside/outside. And the next bars you only look to the left of the bar if it is inside/outside?
Not sure I understand: you need to have a middle bar (bar 2, in the picture below) with both the previous (bar 1) and the next bar (bar 3) being completely inside.
So in the example chart you get in real-time the bear bar 1, which is a bad H1, so you wait for the next bar, 2, that becomes an outside bar with a big tail above, so you keep waiting but also notice that if the next bar, 3, is inside 2, then you will have an IOI pattern, which is a H2, and you can buy especially if it closes as a bull bar closing on the high.
Here you got an inside doji that created the IOI pattern so you could buy above and also above any of the following bull bars closing on the high.
Thank you! it is clear now.
