DislikedHello,
I've been reading this thread for a while without posting. Usually I trade news strictly with PA and a little help from pivots.
I couldn't help but noticed a DIBS formed in gbp/usd today and took a trade. I exited early though, cause there was no follow through and PA tells me that going up faces less resistance.
Got 4pips in the end...oh well...hope better days tomorrow.
Here's the chart.
y.caesarIgnored
That's an excellent point y.caesar.
Looking at Price Action, S/R levels, Trendlines, etc., on higher time frames have to be considered when using the DIBS method.
Attached Image
Indicators show the past. Price Action "Indicates" the future.