A review of Maciej Goliński's book

Publishing house Brokerage we are accustomed to the fact that he publishes exceptional titles. Is this also the case this time? "Inside Bar. How to become a master of one technique”Is a new book Maciej Goliński, an investor with 20 years of experience in capital markets.

About the book

Inside Bar - harami formation in which the whole candle (body and shadows) is covered by the candle preceding it. The candle preceding it is the so-called mother candle, and sama inside bar is usually referred to as baby candle. And that's basically a complete definition. In the literature on the subject, it is usually treated briefly or not at all. In this book, it is described on almost 300 pages and with 112 diagrams and numerous tables!

The author divided the book into three parts. The first is the description of the Inside Bar formation and methodology of research, in the second the author selects IB depending on the filters used, in the last one to recall examples of the practical use of the formation, describing several strategies.

It's not enough to read a book once and see three charts to start making money safely and consistently on the stock market based on any method. I spent more than a year studying the exact formation of the IB.

The genesis of the uprising

As the author himself points out, the reason for writing the book is his conviction about the science of trading and is a counterweight to the common, erroneous opinion of novice investors, which claims that a cursory knowledge of investment methods is sufficient. Very quickly, it turns out that without thorough analysis and complete knowledge of a given technique, a novice trader not only can not correctly assess the market situation, but also the lack of this knowledge contributes to greater losses.

I believe that there is no need to know a myriad of investment techniques. You don't even need to know ten. You just need - or as much as - to be perfectly able to use this one!

And this is the specialization the author offers us. It is a kind of construction journey formation, through the analysis of its effectiveness to practical examples of use. Such a scheme may not be surprising, but when we look closely, the volume of individual chapters is surprising, where the author devotes a lot of space to the descriptions of the strategy, sharing with the reader practical advice on the use of specific moves. The recommendations themselves are a very important part of the publication, as it allows you to pay attention to key aspects and systematize your knowledge.

Should you reach for the "Inside Bar"? It is really worth it!

I especially recommend Chapter 18 - The General Context of Inside Bar Patterns where, with the help of two tests, the author analyzes the consequences of combining IB patterns with other multi-candle systems as part of them. In the first - when IB occurs, in the second - without this pattern. Of course, we can find here examples with 1-2-3, RGR, TTE patterns, consolidation games or when there is a price gap.

The overall impression after reading the book is very positive. Maciej Goliński proved that he is no stranger to IB. If someone uses price action techniques on a daily basis, this position is mandatory. I would highly recommend.