DislikedInteresting how the "masters" seem to do this. fti's approach (to trading and explaining) could not have been more different. Yet they both do it "so eloquently and with style". They both leave you feel all the wiser for having studied their posts, believing that you can do it and in "the zone" to want to learn more.Ignored
I was thinking the same thing about the similarities of PeterCrowns and fti. I really enjoyed fti's thread and his willingness to be so unselfish in his giving of his vast amount of experience and knowledge, same thing with PeterCrowns. Both of them are "Masters" who gave freely their knowledge of the forex market. I'm glad I found this thread as it is one of FF "gems" in my opinion......I have to thank Bemac for starting this thread and Islander for sending me a PM to inform me about this one, otherwise I probably would have never found it.
I have this chart of the Swissy that looks like an excellent short set up but I wanted to make sure I am reading it the correct way for the "DIBS" method
1. First, previous days close is higher than the current days open so we are looking for short opportunities.......is this correct?
2. A big bearish inside bar develops one hour (5am GMT) prior to Frankie open.
3. The next three hours see a pennant/triangle formation indicating a nice coiling up effect before the breakout.
but then I notice two other short DIBS setups later on (blue ellipse) that look like we would have been stopped out on both of them? might have been able to get to a break even on both of those though after initial break out?
any comments appreciated.
trading naked.......