That fib I have drawn from 1.9477 to 1.9716 because that's the swing imo. The retracement from the top went exactly to 78.6% and it's hanging about yesterdays high and daily r2. But fibs can be drawn all over the place...

The DIBS Method... No Free Lunch continues

Too bad CHF is moving so well today, couldn't reload with another trade but it's all good. EUR is a go on the other hand (it will be helped by the CHF). And GU is trying its best to move up.

The DIBS Method... No Free Lunch continues

Where is your fib range high and low?

The DIBS Method... No Free Lunch continues

EUR broke down from the upward TL and went down to daily s1 and is now maybe forming an IB. If so, a break down from this IB would be sweet. EUR has still about 50 pips to go on the daily average range (DAR) on my chart which would be the daily s2, ...

The DIBS Method... No Free Lunch continues

Well the break of the IB on UJ took you back to the daily open so technically you are allright. GU IB should on the other hand not be shorted IMO.

The DIBS Method... No Free Lunch continues

Jarroo already answered this in the post before...

The DIBS Method... No Free Lunch continues

Breakout and retest — Great post Warren! It's a very informative post and shows just how we shouldnt play a breakout (from ranges or from support/resistance lines which is basically the same). This is a bit of topic but this is how I play ...

No Free Lunch but all the Free Coffee you can drink

Today no problem, EJ reached just exaclty to the pip (a bit of luck is always nice), and UC reached, both trades took about 20-25 minutes, EJ had 5-6 pips maxdrawdown and uc had about -20 pips maxdrawdown. Iam using Alpari. Looking at my other demo ...

Triangular Breakout System

Your explanation together with your chart should do wonders

The DIBS Method... No Free Lunch continues

Very good post Jarroo, time to update the first page with this answer I think and do include the chart

The DIBS Method... No Free Lunch continues

You might be on to somehting but I think we should let this run as it is and see what the winrate is over time, then I think we can look closer to your ideas which I think are great.

Triangular Breakout System

Your chart shows the sell price I assume, so the 108.43 + 3 spread = 108.46 was the buyprice so we had an entry. My UJ open price was 107.90 (sell price).

Triangular Breakout System

You are right and I personally take these as well because they are also valid signals as I learned them from James16 thread. He calls them TwoMatchingHighTrendBreakout (TMHTB) and TMLTB (L=Low). Maybe Jarroo could add this to first page as well as a ...

The DIBS Method... No Free Lunch continues

EA update — Lets see if I've done this correctly. Once one order is triggered you can change any pending orders by switching their "ChangeCurrency" to true, and set the number of pips to be changed in "ChangeNrPips". Remember when you're ...

Triangular Breakout System

Just closed and ended with -60 for EUJ and -100 for GUC.

Triangular Breakout System

Neither do I, I don'y have that problem

Triangular Breakout System

Well if people would only read, wonder what the world would look like? Maybe you should ask the same question tomorrow, would that suit you better? I think the people who haven't read the thread might be back then to ask the same ...

The DIBS Method... No Free Lunch continues

That shouldn't be a problem. Will look into this this evening.

Triangular Breakout System

Yes this is the day that I've been waiting for, finally At this moment Triangle EUJ: UJ is the only open (108.45 including 2 pips spread) and is -44 pips. Triangle GUC: UC is the only open (104.67 including 3 pips spread) and is -58 pips. ...

Triangular Breakout System

Good point here . Compare this with PC's trade of the month on 1st of May. I think that if we could get an IB forming closer to the TL and the break of that to the downside comes we could be in for a ride south on the EURUSD. The same case ...

The DIBS Method... No Free Lunch continues