This is the candle that comes after the Inside Bar or Outside Bar. If we are looking to go long, then the confirmation bar has to be a bull candle (ie green). We look to make an entry on the next candle provided it moves 5 pips. If its an outside ...

X-Rated IBs & OBs

About the GBP/USD Actually, 17:00GMT candle is an OB. The confirmation candle is a Bear candle. So if the current bar goes 5 pips below the low of the confirmation candle, then it is a valid signal. Remember, you only have to meet one of the two ...

X-Rated IBs & OBs

I also want to trail my stops as the price goes a long way with the same trend, more often than not. However, my broker (Oanda) don't do Trailing Stops.

X-Rated IBs & OBs

You only get one or two signals (at max) per day. But since you are trading in a longer timeframe, it would be hard to miss, especially those trading the London session. If not, you could try this with other pairs and let me know how it goes. This ...

X-Rated IBs & OBs

Sure. Every trading system has a loser. image I learnt from that trade that the IB/OB must be the same colour as the confirmation candle (ie: bull in this case).

X-Rated IBs & OBs

Here is an example of how you can wait for the second candle if the first one following the confirmation candle fails. image

X-Rated IBs & OBs

You are right. Most of my trade entries are just before the Open of London session or soon after the open. Once I place the trade, I go back to bed. Like you said, IBs and OBs don't form very often during high volatility, that is why I start ...

X-Rated IBs & OBs

Okay more examples. Trade made last Thursday! image Trade made last Wednesday! image

X-Rated IBs & OBs

Trade made on 26/11/07 This is to show how you can enter the market without +DI/-DI cross and just based on ADX line provided all the other criteria are met. image

X-Rated IBs & OBs

Yes. Same for both since ADX line indicates how strong the trend is, and not the direction of the trend. To know the direction of the trend, look at the +DI and -DI lines. If +DI is above -DI, then it is an uptrend, and vice versa.

X-Rated IBs & OBs

Yeah that looks good too. But I am not a huge fan of Stochs.

X-Rated IBs & OBs

Thanks a lot SailingAlBob!! I was watching the video tutorial for the latest version, but couln't find the link anywhere, until now that is.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

As an MT4 user, I am in love with your chart!! If only I could have a template.

Pivot Point Squeeze, high probability system

I can't open that pdf file neither.

Boogie Man Is Coming To Get Pips...

You traded the USD/JPY pair only once and that was the only trade you lost out of the 31 trades. To be honest, I haven't had much success with that pair neither. So I will just stick to the cable and G/J.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

PHEWWW!!!!!! That had to be the most valuable 7 hours of reading ever. I read the ENTIRE thread including the pdf file of the system. I made a post when this thread was at page 343 and it has moved 4 pages since then. I am feeling tired after all ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

OK I have everything I need on my desk. I am going to start reading this thread from page 1 to 342. I hope I don't have to read another 10 pages by the time I finish reading.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Well I am a full time trader with a LIVE account and a 19 year old student doing his Engineering degree. I don't need the cash now, so I am investing in my future. I hope to see a nice 6 or 7 figure sum in 3 years. The good thing about this is that ...

Are there any full-time traders that are living off the FOREX profits?

RSI is set to 7 on the chart. Check properly.

Boogie Man Is Coming To Get Pips...