I would take neither***. My rules state with Daily and Weekly IBs I take them if they break the next day*** UNLESS the preceeding day is a Pin bar that has traveled past the high or low of the opposite way you are trading. ***SO on your chart say ...

Razors Journal - Basic trading with PA at S/R

GBP was hourly, was shorting because we are just bouncing continually off the down trendline, got a little spike upwards and knocked me out. Thats trading. Eur is a daily trade which will be exitted tomorrow morning. Heading down south for the long ...

Razors Journal - Basic trading with PA at S/R

Eur up about 70 pips, GBP not active yet but we havent broken the trendline which could be a sign of things to come, I will give it a little more time, if we break above and stay above the trendline I will remove the trade. Chart below to explain

Razors Journal - Basic trading with PA at S/R

Current trades — GBp/USD Short to be executed Entry 1.4527 SL 1.4585 Limit NONE Hourly Trade with a 2 hour limit for execution EUR/USD Long and lingering, really struggling to break upside. Entry 1.2994 SL 1.2897 Limit NONE Daily trade from ...

Razors Journal - Basic trading with PA at S/R

GBP/USD Short The market came up strongly, hit the new bearish trendline then the IB formed after. Have set up the trade to go south. Because it is an hourly, i will leave the trade open for a couple of hours before scrapping it if it doesnt ...

Razors Journal - Basic trading with PA at S/R

Thanks, i find it so much easier on the eyes this way.

Razors Journal - Basic trading with PA at S/R

All in good time, If you are joining a group JUST to follow trades that are given then you will learn very little other than to follow like a sheep. There are no shortcuts and mistakes are part of trading as you develope. Traders become successful ...

EURUSD

Long off the Eur Daily IB. Chart attached Entry 1.2994 SL 1.2896 TP Alarm set at various points, 1st at 1:1

Razors Journal - Basic trading with PA at S/R

Its amazing that there are still so many traders, especially new that think Picasso looking charts must work better than a blank canvas with a few lines. I was one of those and thank god I changed before a total blow up. Keep it simple and ...

james16 Chart Thread

When I first started trading DIBs I let a few bars come and go (hourly) before removing the trade. The best trades happen in the next bar or the 1 after that. Sometimes you will get an Inside Bar followed by a Pin Bar (long wick small head) which ...

The DIBS Method... No Free Lunch continues

Waiting game — Well today still has not offered anything useful from an IB point of view. The daily GBP has picked up and is now closing in on the open price. If it hovers then we may have an IB with Pin Bar which could confirm a move up to ...

Razors Journal - Basic trading with PA at S/R

Wayne Jackson, now theres a name that inspires me to trade. That guy is a EUR/USD legend. I read alot of his thread a few weeks back and his AH strategy is a great concept. Not my cup of tea for now but the idea behind it is a great way to get back ...

The DIBS Method... No Free Lunch continues

Daily IB for the GBP is too big for me. With the hourly and 4 hourly trend being bearish and this daily candle being bullish im in 2 minds. If the hourly's started to build some higher highs and higher lows then this candle could prove worthwile as ...

Razors Journal - Basic trading with PA at S/R

Tough day yesterday with the Eur and Gbp not given great opportunities to get in. The was 1 decent entry at the top of the run for the Pound with side by side dojis signalling the reverse, the risk was acceptable and if you took it you would be ...

Razors Journal - Basic trading with PA at S/R

It depends on how you manage your trades. The ultimate basis and the theory behind infinite yield is that you dont exit your other lot unless it gets stopped out. The concept is almost impossible for an individual to comprehend and acknowledge if he ...

The DIBS Method... No Free Lunch continues

No probs buddy, Im turning in early tonight. Yesterday was a great start to the week for me with a 300 pips gain on a weekly IB. Today there is a little take back from yesterday. We could see some action now New York is kickin in but my tiredness ...

Razors Journal - Basic trading with PA at S/R

Not seeing much out there, there is bound to be some catching up from yesterdays moves so Im gonna turn in for the night. Only managed a few hours sleep last night due to random things. See yas tomorrow

The DIBS Method... No Free Lunch continues

thanks m8, looks like we will be keeping an eye on each other lol

Razors Journal - Basic trading with PA at S/R

My trades so far since starting DIBS. — I dont have the dates list against these trades, when I entered them into my journal at home it was the one thing I didnt do March: ALL amounts are in PIPS USD/JPY Sht 98.15 SL 98.35 Result +205 ...

Razors Journal - Basic trading with PA at S/R

GBP/JPY — Closed out last lot at 401 pips. Could let it run however the trendline lingered and i closed. Since closing price has retracted by 30ish pips. I may look for an IB to take a small long if it presents itself otherwise a great start ...

The DIBS Method... No Free Lunch continues