Got that one. Didn't take the E/U for the same reason as the swiss, it must nearly be a free ride to.

The DIBS Method... No Free Lunch continues

Good one. I need to let go and just take them. I didn't like this one because of the spike on the outside bar right at s1 resistance. Sometimes it works sometimes it doesn't!

The DIBS Method... No Free Lunch continues

They lined up with my 06:00 open ok.

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Surprising how scary it can get when you forget to add the spread to the S/L!

The DIBS Method... No Free Lunch continues

A worthy discussion which some have tired of without actually making the point you have. All that is written is the day starts at 06:00 gmt. However many charts posted here start at 05:00 gmt as indeed are many trades taken, like the eur/usd today. ...

The DIBS Method... No Free Lunch continues

I think one of SP's points was that you do not use a trending system in a ranging market and you need to know which market you are in.

Jacko's Forex House of Pleasure and Pain

" There was an IB on the 4hr EUR chart from yesterday that was broken today. Free ride now up 30 pips. __________________ Dave" Bugger, I was looking hard for an excuse to get on using the 1h. Thanks Dave

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Hunter, according to DIBS, it's shaping up as a valid IB. However I personally run from such volatility. I'm also a bit confused as to how the GBP and EUR could have such big moves in opposite directions?

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Since you went off topic, I'll go for the first option, he went crying to the head chief. Whilst I do not know what happened next, I do believe poor little Gordon has been over compensating ever since.

No Free Lunch but all the Free Coffee you can drink

Nothing like keeping simple rules simple, hay Al.

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I think this is part of the ongoing confusion over the opening bar. It's stated very clearly as 0600gmt. However Peter and Jim seem to post charts whereby they start an hour early.

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mijamoto, congratulations and keep that positive attitude with you at all times.

Technical Analysis Fallacy

Goodbye Peter. Thank you for coming into my trading life, I'm sorry it came at such a cost. Good trading and god bless.

No Free Lunch but all the Free Coffee you can drink

Do not know anything about the link. However as far as this system goes, Peter only made about 36 posts. You could go through and print each one and then have about 30 mins. reading each morning. By the end of the week you will know as much or more ...

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One for me to, I want to go to bed and I can't even move the s/l.

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The eur/usd is out of whack with the gbp/usd and the usd/jpy, something has got to give.

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Then you could relate chart patterns to medical conditions.

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Thanks raz, I might watch that pair. I know Peter said the usd/chf but for me that's a 6 pip spread.

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Is this per strike rate or profit per risk? I assume if you required the breakout to be of the outside bar instead of the inside bar, the strike rate would increase considerably. However due the expanded stop loss the profit as per risk/return would ...

The DIBS Method... No Free Lunch continues

Didn't they keep you out of the trade?

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