IN OUT IN (IOI)

OR
DIAMOND PATTERN
Above is the original system and with some observations SRIKANTH (Bruce Lee) have
made better system with SANTU BABA concept.

Let see that now IN OUT IN

This is a Bar/Candle formation where in
we have to look for 3 Days Candles and the
setup goes like this
DAY 1 CANDLE/BAR "HIGH-LOW" IS LESS THAN
DAY 2 CANDLE/BAR "HIGH-LOW"
SAME
DAY 3 CANDLE/BAR "HIGH-LOW" IS LESS THAN
DAY 2 CANDLE/BAR "HIGH-LOW"

As the name of concept

1st candle is IN
2nd candle is OUT
3rd candle is IN

1 Vishal Sonar
I shall carry on with positional trading today as per IN OUT IN
Once you are aware of these bar formation.
As soon the 2ND BAR High/Low is BROKEN from 4TH DAY TIL 8TH DAY you can trade
in the Direction the Break Out of happens these candle formation right now we use on
DAILY, WEEKLY ONLY
Ok
Entry is DONE
Now SL will be the REVERSAL
If High BROKE you are in LONG so LOW is your SL
IF Low BROKE you are in SHORT so HIGH is your SL
TARGET will be achieved within 2-4 DAYS of BREAKOUT
And target is at your comfort or can use below formula.
Target for Long
(Highest High of 3 Bars - Lowest Low) X 2+ Highest High

For Short
(Highest High of 3 Bars - Lowest Low) X 2- Lowest Low

Check This IN OUT IN crossed 332.4 and made HIGH after breaking HIGH- Stock Name IGL

2 Vishal Sonar
Broke High 581.05 and made High 640 Stock Name MINDTREE

These type of charts or scripts you have to avoid it by seeing

chart you shall come to know PETRONET, ICICIBANK, SBIN.
some few scripts must be avoided

avoid these because the range is too HIGH

3 Vishal Sonar
 if you find at TOP OR BOTTOM this formation then
JACKPOT shared one more example also here

see even this at top

Hope you understood something with the examples shown...

4 Vishal Sonar
 Now if you find O=H or O=L
Before breakouts only

You can take position with 1-2 Rs. SL Below OHL,

I am talking about universal law of OHL
Then you can achieve more gains with more confidence

Ok Friend’s, let’s start class on IN OUT IN (INTRADAY)

We have seen this formation using for Positional calls with respect to 2nd Candle
Breakout now let’s see, for INTRADAY to use the same formation of IOI

If
3rd Candle High/Low Breaks, it shall be valid for INTRADAY TRADING

DAY 1, DAY2, DAY3 is the formation

Only on Day 4 if High/Low of 3rd Day Breaks you can trade

Entry is 0.10 + HIGH OF 3RD CANDLE, 0.10 - LOW OF 3RD CANDLE

Target as your wish as no fixed target is there

SL
Usually we keep the other end of 3rd candle as SL
Even you can use nearest body of 3rd candle as SL

If High Broke, Nearest Body shall be your SL, If Low Brakes Nearest body shall be your SL

You can take Mid of the 3rd candle and keep that as SL too, so 3 types of SL are there

Which suits you, follow. If the price range is BIG use minimum SL
Selecting scripts on Daily time frames only.
Still not tested on lower time frame
Basic foundation is by Santu Sir concept Bar formation
The entry modifications I have done. Hope it comes to use for you
(Srikanth – Bruce Lee)

5 Vishal Sonar