for what it's worth I've taken the USD/JPY break as well, on demo. Unfortunately my first demo trade on Cable yesterday was stopped out.

The DIBS Method... No Free Lunch continues

nice trading Jaroo! Seems a lot of action has occurred right off the ball today. When you guys are not sitting at you computers, how do you manage your trades? Are you using any order management EAs to take off half the profits at 1:1?

The DIBS Method... No Free Lunch continues

are you guys using any particular order management EA to close out half your positions at 1:1 or are you doing this manually?

The DIBS Method... No Free Lunch continues

bujal, the DIBS method isn't just about buying or selling any inside bar breakout. there are certain parameters which need to be met. one of which you buy as long as the breakout price is above the 0600GMT open and go short as long as price is below ...

The DIBS Method... No Free Lunch continues

so mike this goes back to a question I think I raised earlier today, how does one define the strongest market to long/weakest market to short? are we looking at relative percentage movements within the first 9-10 hours of the trading day?

The DIBS Method... No Free Lunch continues

so.. so far today which market is strongest? to me it seems like cable is stronger than euro along with the yen crosses (gbp and euro)

The DIBS Method... No Free Lunch continues

thanks mike_w I was actually referring to that hourly IB on GBP/USD (cable) in my above post. The 4 hour ones (with 2 hours left to confirm and be valid) are on the EUR/USD and USD/CHF

The DIBS Method... No Free Lunch continues

nice IB shaping up on cable as well as some others on 4 hour charts (will know for sure in 2 hours)

The DIBS Method... No Free Lunch continues

thanks Billflet for all your help

No Free Lunch but all the Free Coffee you can drink

PeterCrowns mentions identifying and then trading only the strongest (I presume for longs) and weakest (for shorts) markets. Do any of you guys actually do this or just take EVERY IB across the majors which occur in the first 9 hours or so? Could ...

No Free Lunch but all the Free Coffee you can drink

Thanks Jaroo for starting this thread and Bemac for starting the other one (which started this whole ball rolling). I've read the first thread up until where Peter stops posting and read the first 2 pages of this one. I don't wish to read the entire ...

The DIBS Method... No Free Lunch continues

thanks Budi for your comprehensive answer. In theory this strategy could work with many other correlated pairs such as AUD/USD, USD/JPY, AUD/JPY, couldn't it?

Triangular Breakout System

very interesting strategy, thanks for sharing! why 10 pips? why not 15, 20? im using IBFX and their charts are set to GMT. Only thing that triggered yesterday for me was the EUR/JPY at 0700GMT. and could someone explain how this is triangular/how ...

Triangular Breakout System

over past 5 days price has recoverd, then fallen now somewhat recovered and could be a double bottom in the making, confirmed IF price breaks and stays above 1.5700 (1.5692)

Jacko's Forex House of Pleasure and Pain

'Reminiscences of a Stock Operator' by Edwin Lefevre. BUT it's not a recent book, sorry. However, there are elements that resemble a striking similarity to Jacko-style trading. Another non-recent book but still a classic is 'Secrets To Profiting In ...

Jacko's Forex House of Pleasure and Pain

If Bessie eats the blue one first and the market then goes south, is it ok to place an apple in Bessie's mouth and place Bessie in the oven?

Jacko's Forex House of Pleasure and Pain

price has broken last week's low... good luck to those going long right now!

Jacko's Forex House of Pleasure and Pain

but why?

Jacko's Forex House of Pleasure and Pain

tell me about it! glad I got the same weekly trendlines on my charts. About the best decision I've made this week is to go out in a few hours and help a friend finish off the many beers in their fridge! (probably the most suitable activity in this ...

Jacko's Forex House of Pleasure and Pain

lol, thanks SL but I'm not sure if you're agreeing with me!

Jacko's Forex House of Pleasure and Pain