Good to see this thread brought to life again. The principle is the same, whether you enter on an inside bar or a volatility break out. Hang on as long as possible. Nice Usd/Chf trade this morning. The grey overhead was last year lows which we have ...

The DIBS Method... No Free Lunch continues

All you need to do now is get in. Easier to say than do. But here is a good thread. You may already have read some of Peter Crown's posts. The hourly strategy used here to get in to longer trends is valuable. Of course there are lots of other ...

Question about stop loss policy

On the daily we can see the 20 dma is sloping nicely: image

Question about stop loss policy

The best pair at the moment, for me, is Usd/Jpy. These are the main reasons. It is trending well. It is trading below last year's low. Here's a chart: image

Question about stop loss policy

Of course! Sorry for the delay in replying. I often enter on the hourly time frame and when I do that, I look at the H4 ATR(24) for a stop loss figure. Obviously this is lagging, but for measuring the volatility it is good enough. This is in order ...

Question about stop loss policy

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Cable Update (GBPUSD)

Well, we're not sure, but I'm scaling in so I can have patience and big stop losses. I agree this could make a big move, if bumpy.

EURNZD

I like the chart. The problem I have is that on the weekly we are still bullish and your triangle looks like a pennant. Not a very pretty pennant, because the weekly momentum didn't look that great. I would take an upside break for sure.

Cable Update (GBPUSD)

Trying to make sense of cable at the moment is driving me bonkers bonkers. Bonkers.

Cable Update (GBPUSD)

I think the up trend is still intact. I have a weekly level just here (50 - 70) but it may break easily if Eur/Usd continues up. image

EURNZD

For anybody who may be interested, I now have formed my own policy of following the 20dma.

Question about stop loss policy

So the Federal Reserve is talking about interest rate hikes again. Talking but not doing. I take 3 things from this, 1. The US economy is not doing so well that it is over- heating. 2. There is a palpable fear that interest rate hikes might reveal a ...

EURUSD only