The candlestick trading bible

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THE CANDLESTICK TRADING BIBLE 
market breaks out from the inside bar and the resistance level, you will 
be caught in a false breakout. 
The false breakout has formed because amateurs tried to predict the 
breakout of the inside bar and the horizontal level early to pick the top, 
but the market fake them out and formed a bull trap. 
If you find this pattern in your chart, and you understand that buyers 
were trapped by sellers, take this trade without hesitation, because it 
is very profitable and it has a good risk/reward. 
You place a selling order after the close of the break bar, and you set 
your stop loss above it, your profit target is the next support level. 
This strategy is not complicated, but it requires time and practice to 
master it, bear in mind that a false breakout doesn’t happen every 
time, and not all false breakouts are worth trading. 
The benefits of trading the false breakout of the inside bar 
candlestick pattern: 
If you master trading this pattern, this will allow to stay away from 
trapped traders and enter the market when novice traders have to get 
out with a loss. 
This strategy is not a holy grail, you have to be prepared to accept 
some losing trades, but what is interesting about it, is that the risk 
reward of this signal has a great potential, because when big 
participants surprises amateurs and take their money, the market 
moves very strongly, and if you can analyze correctly what happened, 
you will enter in the right time and make big profits. Imagine risking 
say 50 points for 400 points profits. 
Using this price action strategy will help you predict proper turning 
points in the market in advance and understand how banks and 
financial institutions trade the market. 

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