Looks like an IB forming on GBP/USD! Hourly chart

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I agree! I use the the low of the idicating candle as the stop loss. Depending on the pair it could be 15 to 35 pips. If there is a small stop loss i.e. 7 pips I always go a little more as there is a higher chance that it could come back lower. TP ...

X50 - M5 trend following

There is no tweaking with the indicators - I just use the same standard ones for the hourly charts!

X50 - M5 trend following

I do not have the discipline or skill to use this system on a 5 miunte chart. My personal opinion is that you never get a real handle on the s/r. Hourly charts give you a better overview of trend direction - you do not need any ma's on a hourly ...

X50 - M5 trend following

I have been trading this system for the last couple of weeks and it is the best I have found. I have been trading Forex for the last 3 years and now understand how the market moves. With this system it gets you in very early in any move - it is just ...

X50 - M5 trend following

I was only kidding! I think break outs of IB's work best directly or shortly after. I have looked back over many months and this thought always holds up. With so many trades you can be as selective as you want. Al

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It hit hard and I was in! Watch out for a little resistance at 1.9784 - prob best to pull stop tight.

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No probs! I have have to be straight with you. You too do not agree 100% with PC - in that you will not take an IB after a break the other way - as per your comment to catch - It is all discretionary at the end of the day. I like a clean screen ...

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I did! Al

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Hi Catch, I Agree with NAL. On my metatrader there was not even a break of the inside bar - so it is hard to even comment. I have read PC post's a hundred times and have to slightly disagree with his interpretation (please go gently on me) See the ...

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Hi Catch, Can you poss post a chart or let me know when you got in. Al

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It's going to remain the same tomorrow at 5.00% - Just gonna get in early. (If it breaks of course) It is 37 pips until I see the next resistance level 1.9787.

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IB — DIB on GBP/USD

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NAL, Could you possibly tell me what hot hand means? I can not find a description! Regards, Al

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Keep an eye on EUR/CHF I know still a long way to go before end of hour but it could form a IB as it does not move that much. Daily trend down and currently at top of channel! Could be text book! (Well I think text book?) Al

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Cesare, I have an IB before the current candle also. Al BTW how do you get your screen shots so crisp?????????

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Exactly! I am only going as far back as 5.00 GMT (if it is an inside bar) and no further! Al

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Hi NAL, I understood everything that you have mentioned. However I think what has confused the matter is the start time of dailiy sessions, open lines etc as everyone here is from a different time zone. It has been confused more with daylight saving ...

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Jaroo, Thanks for that. However I would find it a little risky going on a break of an IB after 6 hours into a session. Al

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