USD/JPY — Taken the hourly Short IB on the above pair. Entry 96.89 SL 97.17. Screen shot below

Razors Journal - Basic trading with PA at S/R

I have looked at both GFT and Oanda and there candles are very different. Gft is more a spining top with a bullish close, Oanda is close to a full bodied bullish close. I trade GFT, it is my platform that I have used for eons. Im sure all platforms ...

The DIBS Method... No Free Lunch continues

Too add to this, I just trade the IB in the direction that it closes. The reason is simple. In a market that is travelling and an IB forms that is in the direction of the market i consider it a continuation IB. Vice Versa, if it is in the opposite ...

The DIBS Method... No Free Lunch continues

Nice work on the GBP. Yeah the 4 hourlys have been much nicer for me. As mentioned above I trade them in the close direction as opposed to the rules of hourly were you take the 6 GMT candle direction. Either way the past couple of weeks have been ...

The DIBS Method... No Free Lunch continues

Would have been a trade I normally took, but I missed it lol. The trend on the daily is up, but regardless I would have taken in bullish as it closed bullish (which is my way of trading the 4 hourlys and above). Bummer I missed but at the moment I ...

The DIBS Method... No Free Lunch continues

Its amazing how spending sometime admiring your swing can work out the kinks, now ive just got to work out how to sneak a steam roller onto the greens to make them flat. I can get to the green in time, 2 and 3 putting (sometimes more) is my major ...

The DIBS Method... No Free Lunch continues

there were 2 4 hourly IBs yesterday on the gbp and eur / jpy. i took them on the demo account and took profit at the 4 hourly trendline (close to 150 pips on each trade. No post for it though, took it late then went too bed. Both have now broken the ...

The DIBS Method... No Free Lunch continues

Missed some trades today however will hopefully be back into the swing in a few days. I am setting up a new account with Oanda so I can start trading live again. Unfortunatly the funds with my current broker dont allow much breathing room (damn lawn ...

Razors Journal - Basic trading with PA at S/R

[quote=yonnie;2696180] Well i tell you what, i will trade the system my way and you can follow the rules black and white. It is simple. I feel comfortable trading the DIBS method my way. It is by the book in terms of most aspects of the orginal ...

The DIBS Method... No Free Lunch continues

BTW, please dont take my post as attacks, they are purely neutral in nature (the written language is impossible to decipher from an emotional standpoint). Why do I say trading is discretionary? Quite simply it is. Whenever you trade a system that ...

The DIBS Method... No Free Lunch continues

If you think Peter takes every Inside Bar he sees on the hourly then my friend you would be sorely mistaken. When learning a system it would be fair to take all trades to work out what may work best. There are times when candle combinations give ...

The DIBS Method... No Free Lunch continues

Trend develope all the time and at any given time the trend on 1 time frame will conflict with the trend on another timeframe. You could easily argue that you could trade this method on a 1 minute chart that trends the most, however has the greatest ...

The DIBS Method... No Free Lunch continues

Sorry bud, All the trades for March were Hourly except the Eur/USD which netted the most which was a daily. That trade I held from about the thursday week after I started till the end of march pretty much (i think close to 2 weeks). The April ones ...

Razors Journal - Basic trading with PA at S/R

all trades close — Closed the Eur this morning for 180 pips profit. Good week in all with 300 from Pound/YEN and 180 from Eur. Only loss was the Pound/US with -58 which has since broken the little barrier and gone long. Gone for the next 4 ...

Razors Journal - Basic trading with PA at S/R

Just worked out how to remove the rediculous starting balance from 100K to a more logical amount lol

The DIBS Method... No Free Lunch continues

Im playing with an Oanda account at the moment (only demo there platform is a major difference to Dealbook and I am find that tough to work with, also the demo ONLY comes with 100000 USD which is Fing rediculous) but they offer trades from as little ...

The DIBS Method... No Free Lunch continues

It has been a tough week. Ive traded 3 times (weekly for 300 Daily still running and an hourly -58) but the weeks where the market has some chop the smaller timeframe will eat you up as there is no trending momemtum. At the moment you look at the ...

The DIBS Method... No Free Lunch continues

Just a note on your IB chart. If you have a look at the first IB that has formed (bearish one) you would have been in the next day. However been disciplined and letting the trade work out would have allowed you to be in on the day when it fell ...

Razors Journal - Basic trading with PA at S/R

Trade result — GBP was knocked out for a 58 loss. The trendline is still in play so price could go either way. I copt a little spike that knocked my SL but hey that happens. EUR is still in play till tomorrow. Camping weekend with the kids so ...

Razors Journal - Basic trading with PA at S/R

Usually stick with the first one on lower timeframes otherwise the above post tells all. The second IB is a good opportunity to lower your risk, but you also lower the range the market needs to run backwards to knock you out. MY views on pip risks ...

Razors Journal - Basic trading with PA at S/R