The strategy is very simple. Draw two lines....4am-7am (high or low). When price action breaks this line either way, you enter the trade. You DO NOT WAIT 30mins (7.30am) to enter a trade! If price action breaks the line drawn at 7.01am you enter the ...

0400-0700 GMT Breakout Strategy

I was going by what was written and not the charts. However, the charts should show a 3hour band as that is what was quoted (imo)!!! Z

0400-0700 GMT Breakout Strategy

tasciy, Thank you for sharing, i've just got two questions: 1) Is there any particular reason behind selecting a three hour band from 4am-7am? 2) How long have your backtested/forward tested this? (it's quite possible your results are skewed) ...

0400-0700 GMT Breakout Strategy

Welcome back Josh. Just to add to what you wrote, trading is a 'game' of preservation of capital. The better we become at this game the less mistake(s) we should be making. However, it is important to also recognize that this is a life long learning ...

james16 Chart Thread

Best wishes with your demo trading. Feel free to post here as there are some very good guys/gals here too. Z

The DIBS Method... No Free Lunch continues

I went through the J16 thread about 3.5 years ago and found it very informative. Learning to read the charts is key, as is being selective (plus good money management). The GU DIBS trade this morning was right on 1.63 which is where i took my first ...

The DIBS Method... No Free Lunch continues

Welcome back bro. I noticed Dialist hasn't posted for a while too. Happy trading Z

Magical oscillator indicator

Candletrader, i've tried to PM you but you haven't got that facility turned on! The best way forward is to post your strategy here or PM me and i'll code it for you if you want. Z

Magical oscillator indicator

GU — Looking at the bigger picture we are currently moving through an area of good resistance. If we clear this area, there is little in the way until .610 However, no surprises if the market does what it always does. Z

The DIBS Method... No Free Lunch continues

Was short on the break of the double pin bar but well spotted. Lets see how she plays out. Z

The DIBS Method... No Free Lunch continues

Z

The DIBS Method... No Free Lunch continues

As long as the conditions are only testing your patience then that is fine. Often the hardest thing to do is the right thing to do. Part of being a good trader is learning to wait and wait and wait. There should be no time limit. Happy trading ...

The DIBS Method... No Free Lunch continues

As always Matt, trade what you see according to your trading plan. Z

The DIBS Method... No Free Lunch continues

EUR/GBP — Interesting setup on EG... 4Hour Dibs currently in play and possible 1hr Dibs setting up. Lets see what happens. Z

The DIBS Method... No Free Lunch continues

4Hr DIBS — 4Hr DIBS on GU that i missed... Above last weeks close. Anyone trading the higher time frames? Z

The DIBS Method... No Free Lunch continues

After trading for a few years one thing i have realized is to be a better judge of current market conditions. Right now i am taking DIBS for 1:1 and waiting for the market condition(s) to change before aiming for higher r/r. Z

The DIBS Method... No Free Lunch continues

GU — Took this daily DIBS on GU got 1:1 with my entry and dumped my last position once the daily pinbar was broken. Z

The DIBS Method... No Free Lunch continues

UC — Similar story to EU... Z

The DIBS Method... No Free Lunch continues

EU — DIBS on EU! Market is bouncing within a 50pip range. Best to wait for a better setup or let the market show it's hand before deciding what to do. Z

The DIBS Method... No Free Lunch continues

Interesting results! It's always best to be flexible as a trader. Flexibility doesn't mean abandoning your trading plan but realizing when ones strategy isn't working and possibly re-evaluating the market condition(s) one is in. Am always amazed ...

Strat's Long Term Stress Free Trading