What is a “Bar Run & how can it help me?
Quite often, I have read things on the internet like, ” If price has risen 7 bars, go with the flow.” or, “If price rises 7 bars, short it.” Not once has anyone been able to give me any stats on this setup…
ANALYSIS: We want to see what’s true and what’s not. Does this 7 bar run or 7 bar fade actually work?
We need to start with a reasonable amount of bars. We also need to start with a trading style. The Exchange we are keeping in mind is the North American Derivatives Exchange (Nadex) and the forex broker we are using for this analysis is FxPro.
How long did that analysis take? Less than a minute. We, literally, scan through charts super fast. This allows us to analyze charts faster, better, and with more precision than any other trading software on the market.
Let’s dive right in.
Watch this video and you will be able to see what we see.
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