Also this is something we are trying in a little group that trades this system. Instead of setting up for 1:1 when you execute your trade we are letting the system run its course and only setting up 1:1 after the market has gone past that point. ...

The DIBS Method... No Free Lunch continues

Im not too sure but I would say so (never heard of spreadbetting). I will find out at tax time because for 2006/7 and 2007/8 I made losses but never claimed them. I am going to ask for business sakes. There might be some loopholes to exploit such as ...

Razors Journal - Basic trading with PA at S/R

The big problem with those IB is that they are so late in the day. London has closed hours before and New York winding down. You best hourly set ups are with in the first 9-11 hours of trading, so just as london is winding down to close and new york ...

Razors Journal - Basic trading with PA at S/R

Hey mate, If your refering to the 2nd down arrow its in the wrong place, just notice when you mentioned it, it meant to be the one about 3 bars across. That was lower than the london open (my bad). I didnt record any of the trades like I normally do ...

Razors Journal - Basic trading with PA at S/R

Update — A much better week this week. I capture 3 IBs on the EUR/GBP (my pair for the week) and whilst this pair hasnt moved a great deal it has trended down nicely with no big pull backs. Ive closed the 2 higher ones yesterday but still in ...

Razors Journal - Basic trading with PA at S/R

I think you have too. Pins are also a great breakout trade as I have mentioned before and in the case of getting back into a trend it can be as close to the bottom of the bottom as you may get meaning less chance of being Stopped out once a trend ...

The DIBS Method... No Free Lunch continues

Think of Intraday trades that are held for years. The longer the tail the bigger the profit and the smoother your equity curve will be. It is easy to say and very difficult to do. We all tend to want to take trades, see a good move and book profits ...

The DIBS Method... No Free Lunch continues

After you have traded this method for a little while you will begin to see somethings that work and some that dont. Your mind will begin to act like a filter. The one thing you need to erase is the missed opportunities. Taking every Inside Bar ...

The DIBS Method... No Free Lunch continues

thought i had better put something into this journal before it goes AWOL. Very tough start to this month so far. I had a great winner with the GBP trade before it broke south heavily. I was short and got off at the intial 50% retrace mark, it has ...

Razors Journal - Basic trading with PA at S/R

Sorry to have intruded — I am going to make 2 more posts on this thread, and perhaps forget about my journal aswell. The problem with ALL factory threads is that there are a few people out there who are genuinly trying to succeed and then ...

Tony's Two Candle trading system

No problems, I know there are better systems available, there are bound to be. On this Forum there must be thousands. Most systems stem from someone elses workings, are tweak and distorded over time. Few are completely unique. My reference was based ...

Tony's Two Candle trading system

Im so glad that you have joined the fraternity of wasted posters. What do you hope to gain by making a pointless post such as this. Seriously im glad there are people like you in the commuity, its even better if your a trader because you complete ...

Tony's Two Candle trading system

And looking at your chart the first thing I will do is revert back to a previous comment about being able to withstand the small pullbacks, get to 1:1 and let the trade run. The first trade would have still being running (pending further charts) ...

Tony's Two Candle trading system

Spot on, that is why I have respect for you. The setting of unrealistic goals (100 pips in a market of currencies may not seem like much) forces traders to spend far to long looking, monitoring and adjusting there trades. When you start to set ...

Tony's Two Candle trading system

Sorry tony_dtrader, I just want to add something about the 'being greedy' part (MPP). Just adding that aiming for more pips on a single trade is smart business. Greedy can be alot of things (I know this is not what your referring to MPP bud) but ...

Tony's Two Candle trading system

Hi MPP LOL i love em. I did take 2 trades on this system, but added my little swing to it by having TP at 1:1 for half my position and let the other half run. Same set up that I use for my IB trades in my journal. Both got a little steam before ...

Tony's Two Candle trading system

Whilst I am with you so far on the simplicity of the concept, best not to warp the imaginations of people by this post. Imagination and reality are 2 separate concepts, imagining things such as making 80K a month is not realistic unless you account ...

Tony's Two Candle trading system

Its not just that some people doubt it could work, its just that the mind cannot comprehend the simplicity of it and interpret possible results. Too many traders shun the simple methods (probably because they also believe if its too good to be true ...

Tony's Two Candle trading system

No the only time i will use a order on both sides is if the candles length intersects with the open london candle. Once it closes it could go either way so I will take the first break

Razors Journal - Basic trading with PA at S/R

Heres the thing. People want systems that have long term, utimate profitability and very little loss over long periods. NOTHING will guarentee that, NOTHING has a long term, 100% always positive profit. You could have a very very good year, or 2 or ...

Tony's Two Candle trading system