Hi Alter, I am not as experienced as many of the guys here but my own take on why I personally passed on that bar (EUR / USD) was; - close of the pin was above the high of the previous bar. Only by 1 pip but above and therefore marginal for me. - I ...

james16 Chart Thread

My understanding of this is that Peter's charts are showing midnight because he is USA based. Peter's midnight is 06:00 GMT and this is the baseline that he uses. Just my understanding

The DIBS Method... No Free Lunch continues

Thank you Razor, that confirms my understanding

The DIBS Method... No Free Lunch continues

definition of the up/down day — Hi, I must have misunderstood the definition of the up/down day. From reading the early posts I understood that the line in the sand is drawn at 06:00 GMT. Price above this level is then an up day and price ...

The DIBS Method... No Free Lunch continues

I took this trade long but was prepared to go short if it broke to the downside. Reason: inside bar straddled my session open price (blue horizontal line on 1 hour chart). My long position was supported by the pin bar and rising highs/lows on the 4 ...

The DIBS Method... No Free Lunch continues

Good point! thanks Joe

james16 Chart Thread

Thank you FXP - I appreciate yours and the other guys responses. I guess that I need to keep my eyes open more than I am doing. I thought that the 5200 was going to provide resistance and those earlier highs were at the same point. Moving ...

james16 Chart Thread

Cable 4 hr — I would appreciate thoughts from the experienced guys. Yesterday I set a long on the break of the pin shown below (on demo) on the basis that; The trend was long Low of pin found support at the 50 MA and previous lows Market went ...

james16 Chart Thread

Cable 4 hour — High probability pin on Cable 4 hour ?

james16 Chart Thread

Pairs — Is there a post that lists the best pairs to work off? I am working; Cable, Eur/Usd, Usd/Chf, Usd/Jpy, but I see that many other pairs are being traded. Would like to add some others to my watch list. Cheers, Matt

james16 Chart Thread

Hi MM, I notice that my AUD CHF chart looks different to yours. Maybe my time set-up is incorrect? My current bar completes at 17:00 BST today.

james16 Chart Thread

Thanks MM - that chart has clarified for me. Appreciate your support Matt

james16 Chart Thread

Thanks guys - I appreciate your help! I will leave a wider stop next time around. MM, Looking at the charts I can see the resistance that has become support. I am not clear on what you mean by 'the traffic around the setup' though? Thanks for your ...

james16 Chart Thread

Eur Gbp — Hi, Came across this thread recently and have been going through from the beginning to learn this business. My results have been inconsistant to date but by moving to the longer timeframes and using the principles discussed here I ...

james16 Chart Thread

Thanks. I keep a record of every trade in an Excel spreadsheet and comment against each trade as well. I have enjoyed good pip runs in the past, just don't seem to be able to string it all together at the moment. I know that it is me and I need to ...

Cable Update (GBPUSD)

I appreciate your advice. Many thanks. I will come back again sometime next week and give it another go.

Cable Update (GBPUSD)

Thanks - I really appreciate all your comments. I won't give up but will take a break for a day or two to regroup! How long has it taken you guys to get to the stage where you are consistently profitable? Appreciate your support.

Cable Update (GBPUSD)

Blown a/c — Feeling pretty miserable today after finally blowing my account. Started trading June 08 part time and by November thought that I had it cracked (account building nicely). January has been pretty torrid though with too many bad ...

Cable Update (GBPUSD)

Sounds like another great day Micho What is your weekly pips target?

Cable Update (GBPUSD)

This morning cable broke through an earlier support line that I had marked on my 2 hr chart. Could this now be resistance at around the 16450 region? Hope my attachment works (first time of trying)

Cable Update (GBPUSD)