Track - Short AUD/JPY @ 99.79 — Short AUD/JPY @ 99.79.

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? — Codemuncher - How exactly does this relate to this thread, which is about S+R trading ?

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Cable bounce ? — Doesn't seem like 9666 is going to hold it. Below that, I have 9643 as a possible bounce point, based on big spike down on the 7 July candle. Cable seems keen to drop right now... let's see how it reacts to the Personal Income ...

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Track: USD/JPY long @ 107.82 — Possible USD/JPY long @ 107.82. This is a hook over back to the high of the preceding runup. 107.82 is also at the 50% Fibo level of the rundown from 108.37 to 107.27, so should now act as support. Of course, ...

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EUR/GBP short ? — EuroZone PPI out in about 20 mins... maybe best to wait to see market reaction to that before going in, as it could move the EUR/GBP pair. Otherwise, technically looks good, I would say.

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Which BRV S+R levels are most likely to be reversals ? — Dear Cindy On Cable particularly, I would suggest that you examine the 76.4% level. In my experience on Cable, 76.4%+ Fibo levels maybe 4 times out of 5 are complete reversal levels. ...

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Pipeye's 214.80 Short on the PJ (GBP/JPY) — Dear Pipeye Short @ 214.80 - looks good to me. I've just started looking at the PJ (GBP/JPY) and marked up my charts yesterday with a potential Long @ 213.45. Not quite a No Brainer, as it had been ...

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Potential EUR/USD trade — Sorry, Finian, this doesn't make sense. Do you mean go short at 1.5750 and Stop Loss at 1.5800 ? If so, I would say that a short at 1.5782 makes a lot more sense, with a stop above 1.5800, eg 1.5812 maybe.

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Kiwi short @ 0.7473 ? — . What does everyone think of a potential short of the Kiwi @ 0.7473 ? There was a big spike down to this level on 8 July, at which point it became Support for a 295-PIP move up. Now that price has move back below this ...

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Thanks, Verto - you were absolutely right of course. I've updated the post above with the results.

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USD/JPY long @ 107.44 ? — What does everyone think about a possible USD/JPY long @ 107.44 or thereabouts right now ? 107.44 is Resistance from the preceding runup, and is at the 76.4% Fibo retracement level from the run down. It was worth a ...

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Euro short @ 1.5707 — Another nice trade on this slow day. Short of Euro @ 1.5707, which was Resistance during the previous run down. 1.5717 was the better technical entry, at the 50% pivot level of the run down, and a previous Support level. ...

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USD/JPY long @ 107.44 — Nice USD/JPY long setup @ 107.44, a level that was Resistance on the way up, and is just above the 76.4% retracement level of the run up. Entry on Buy Entry Limit @ 107.44 had max -3 PIPs drawdown, up +19 so far. Price ...

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Strength in the Pound-Yen can pull up Cable at the same time... some comment that that is what happened this morning: "Traders mention that a decent-sized asset manager cited for the strong demand see in sterling-yen during the European morning the ...

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... 50 is a magic number ... — . The magic 50% Fibo level does it again... this morning on the Euro. 1.5522 is a Support / Resistance level on the chart. 1.5514, nearby, is the 50% Fibo level of the last run-up. Go long around 1.5520 and 40+ ...

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Nice short opportunity on Cable this morning — Nice short entry available here just above the 1.9734 level on Cable, when price went below it then popped back up to re-test the level... Had you gone short around 1.9742 on this re-test, it ...

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Dear SeekingLight Absolutely right ! Learn the system, apply it, keep it simple. The inherent Reward : Risk advantages of DIBS can make it a profitable system if you just apply the basic rules. Try to optimise it to death and it becomes totally ...

The DIBS Method... No Free Lunch continues

Thanks for the input.. this makes sense now.. why I can see IB's but sometimes they don't display on the DIBS Trigger Lines indicator .. will watch out for this !

The DIBS Method... No Free Lunch continues

Nice one, Jaroo - good call !

The DIBS Method... No Free Lunch continues

Dear Peterinforex Good question ! I've asked myself this too. Looking back on it, I do believe it is a good rule, that avoids a lot of false breakouts. I'm using the 1.2 version of the DIBS Trigger Lines indicator, that applies this rule ...

The DIBS Method... No Free Lunch continues