Thats what I call 1 hell of a break. I didnt completely forget about this thread or why I started it but I found myself really sidetracked by a few other bits and pieces with both trading and my outside life. I have found trading lately very ...

Daily Inside Bars

Not reckless without understanding. My fault for not elaborating further. Traders loose money, quite often at times but the traders who are successful will limited those losses. Rookies dont. Experience traders dont fear loosing money provided it is ...

Is 100 pips a week possible?

Loosing money is part of trading, there is nobody who trades who doesnt experience loosing at some point and for some period of time. Rookies shouldnt worry about loosing, what they need to do is stop throwing in the towel during a small run of ...

Is 100 pips a week possible?

While that is possibly true there is no doubt that the past few weeks this thread has been a haven for short callers, some scalpers and intraday and others calling huge drops. In any case it is why I find forums interesting because you can see into ...

AUD/USD

True with the silver postions, they infact based on his 1000 units account for over $18000 at the time of December 31 so the FX gains have been around the $8000 mark which is still phenomenal by any standards, there would be limited numbers who ...

The DIBS Method... No Free Lunch continues

Joel Rensink — For anyone who was following Joels blog at the below address this was updated in December and all I can say is WOW, WOW WOW WOW. url

The DIBS Method... No Free Lunch continues

A question, and this might apply to more than yourself but why would you be looking to short once the market is moving back in the long direction (picking tops) and if you believe it will be there wouldnt the smart option be to trade with the ...

AUD/USD

Well the best thing to do would be to do a backtest and test the reliability. You have a basic formulae to lay the ground rules and since it is a 1 bar per week setup the testing for say 5 years should take you no longer than a few days of hardcore ...

The DIBS Method... No Free Lunch continues

A pin bar is relative regardless of timeframe, the only difference is spread effects and size of moves. Spread will effect smaller timeframes were the size of the risk is impacted by spread, also you will not be aiming for 200 pips off a 5 min PB ...

Price Action Trading

I concur. Other pairs you might opt are USD/JPY (tokyo session also offers best spreads) or GBP/USD (london and US, plus has the volitility bonus will good moves). EURUSD is a great alround pairing with great spreads and usually good movement. As ...

Currency pairs to start with as a beginner?

could be alot of pain or some pleasure

AUD/USD

Ignore the majority of high win rate pages, they are full of BS. Most offer either martigales, no SL or very lopsided R:R in order to get that number up. This impacts during the only 20% of loosing trades which usually render the thread dead with ...

Results good enough to trade?

Yes i would. If you are trading Inside Bars formed on Daily charts then you need to trade daily bars. A 1 hour bar has about as much significance as a 1 tick bar on an hourly, it represents a small piece of the pie and most times will form an IB as ...

The DIBS Method... No Free Lunch continues

Peter (or Joel not sure exactly) once said that the best breakouts occur immediately and they dont look back. I usually allow 2 bars maximum and you can usually tell whether the market is doing a head fake in the opposite direction before moving ...

The DIBS Method... No Free Lunch continues

I prefer the weekly because it gives you a sense of the most relavant direction as opposed to monthly which might be offering you something too late. That said though I try to base my entire bias off what is happening long term. For example a strong ...

The DIBS Method... No Free Lunch continues

Whatever the price is when you broker/platform closes at the end of trading friday is the price I use. I will attach a chart to show you what I mean later which should hopefully give you the gist of my approach. I also tend to use it also for the 4 ...

The DIBS Method... No Free Lunch continues

It just screams to me Volitile Breakout entry and I have had it on my charts for a while. I have trade the bounces (next candles) and taken my BE hits but once it closes outside of this penant we should find some true direction. TA traders bread and ...

AUD/USD

Xaron has my respect because he puts everything on the table and shows it for what it is worth but lets remember the number of times the projects have lead to bust. There is always a beginning and an end, trading without SL's because you believe a ...

From 1k to 1 million

go figure the market would pull back and hit my newly place SL before darting back down again. Well I am out for now. Will have to re-evaluate before Monday as to how to tackle a ranging pair on an NFP week RT

AUD/USD

short SL at BE, Double top off upper trendline with successive Pin Bars, could this move lower ???

AUD/USD