Alberto The day start is at 6.00 GMT - If the 5.00 GMT candle is an inside bar you can use the high and low of this from the start at 6.00 GMT. If there is an inside bar at 4.00 GMT this is to be ignored. I think that is correct!

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Hi All! Peter mentioned using penants also to confirm break outs. I have spotted one on the USD/CAD. This is more of a wedge I think but could be a good sign! Al It also has a couple of DIBS

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or a pip or two!

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Sorry to post that! As I was writing you two guys must have been quicker. Nothing like bringing a point home! Al

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The IB was below the daily open at 6.00 GMT so this would not be a valid long. Al

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It looks like current GBP/USD candle will be a weak one! Lets hope it carrys on down south! May be another IB

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USD/CAD Hope it works! Al

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Is USD/CAD still valid even though IB was a few hours ago? Al

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Good spot NAL! I might be cheeky and leave my stop loss in place from the 1Hr trade!

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I have recently eyeballed most of the pairs using a 14 sma. It gives you a good idea of direction - I then use the DIBS system as standard. The beauty of using the 14 sma is that you get an idea of the actual slope. Dibs then form on the larger ...

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I am not too concerned weekly pivot is nicely placed! Just want to get it to break even!

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Go down Eur/Usd - what are you waiting for?

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Nothing for 5 hours and then it all kicks off!!!!!!

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Jaroo, This showed an inside bar on my metatrader!!! Al

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Why? The bottom of the IB is below the daily open! AL

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Am I correct in thinking it could be a short trade also? Al

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USD/CAD will be a good one on the short if it gets back there!

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MPP, I would try the standard setting 12,26,9 and then make adjustments from there. Al

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Option — Hi TradeStar, I use a 14 sma and a 14 period DMI to try and filter out some odd moves i.e. spiking against the underlying trend. If you added this to your chart you may not have gone short in this instance. The price had been going up ...

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Thanks for that edwinnk. Just one other thing if I may. Does an inside bar have to be created above the close of the day before to go long or can use an inside bar below this line and go long when the price is above? Sometimes the bars straddle the ...

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