DislikedYep. As expected. Bye bye! Still rockin' long EUR though! (non-DIBS)Ignored
Good job on the euro trade too man!
I dream, therefore I become.
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DislikedYep. As expected. Bye bye! Still rockin' long EUR though! (non-DIBS)Ignored
DislikedYeah I saw that Swissy tank. Glad to see you held to the end with some profit. Nice Job.
Feel better my brother.Ignored
DislikedSorry if I am out of line, but this thread seems to be running off the rails of late. This is meant to be about price action on the 1 hour charts, with a few pairs that we are told work well over the long term with the DIBS guide.
People are now posting with any old pair (presumably their favourite), charts with curvy lines fannying about all over the place, on any old time frame (presumably their favourite again) and now someone wants an EA (sorry bhale and others)! How can an EA read price action, how can you have a daily/4hr chart if you can not set the time the bar forms for the start of the day as per DIBS? Apologies if you can.
People will do as they please, but out of respect for Peter (and jim) trades discussed in this particular thread should be DIBS trades only. There are many other threads on FF about breakouts for your variations, if you do not want to learn to read PA from a 1 hour chart with just a few straight lines on it.Ignored
QuoteDislikedAbsolutely!
A method is pretty hard to trust if it only works on one timeframe.
For the 4/6/8 hour charts and daily charts you check to see if you are up or down versus last week's close. Take buys if you are above, sells if you are below.
Monthly position can also be checked, depending on how long term you are willing to be. Personally, I am not willing to remain in a trade 1 minute longer than absolutely necessary if it is going against me, but I'm willing to hold for months if a trade is going my way in a larger trend. Swings and all. You do get used to them after you start collecting some gargantuan profits.
.....edited....
And, contrary to some common beliefs, not all breakouts are the same. I know which breakouts have 2 - 5 times the edge of similar-looking breakouts others take, get frustrated with, and likely lose money trading if they don't have perfect skills.
DislikedAs for staying on track as well, friendly conversation is a good thing man. Without it, you wouldn't have any friends!Ignored
DislikedRegarding to other TF and EA (just trying to clarify, no offense intended...):
Peter's Post # 39 at Bemac's thread
Let's get less hassle and more discussion/learning, fellows... We are still so far from Peter's excellence....
Cheers
HTIgnored
DislikedHi HT,
I agree, some people are getting way off topic in this thread. It would be nice if we could bring this thread back to the original concept as described by Peter. Let us learn those lessons first before we add every indicator known to mankind. Every one should take notice of the hundreds of system threads
on this forum that evolved into a "lets make an EA for this system thread". I challenge anyone to find one EA posted in this entire forum that is making a profit. When it comes to an EA..all I can say is stop the madess and learn how to trade using price action and support and resistance.Ignored
http://www.wysmu.com/john/files/fun/homer%20brain2.jpg
DislikedSorry if I am out of line, but this thread seems to be running off the rails of late. This is meant to be about price action on the 1 hour charts, with a few pairs that we are told work well over the long term with the DIBS guide.
People are now posting with any old pair (presumably their favourite), charts with curvy lines fannying about all over the place, on any old time frame (presumably their favourite again) and now someone wants an EA (sorry bhale and others)! How can an EA read price action, how can you have a daily/4hr chart if you can not set the time the bar forms for the start of the day as per DIBS? Apologies if you can.
People will do as they please, but out of respect for Peter (and jim) trades discussed in this particular thread should be DIBS trades only. There are many other threads on FF about breakouts for your variations, if you do not want to learn to read PA from a 1 hour chart with just a few straight lines on it.Ignored
DislikedThat's it... In fact there is an powerful EA which fits perfectly to this thread, and I posted it before somewhere...
Just kidding... but not lying... (not saying that mine is working fine......)Ignored
DislikedI played with the vm price action indicator a little and really like it's signals that it's giving me and I changed the alert a little. after it signals and I get a alert I draw my own lines (lime up top)(red at bottom) of the inside bar and then keep them highlighted, so if another ib happens, i can just move my lines to the most recent ib. just how i'm trading it with a filter or 2 to show direction and which bar to enter on and have been doing very well trading this way. Won't go into any more detail, not here to add anything to how u want to trade inside bars. Just wanted to post the indicator in case it might help somebody(it's set to only show IB's and pin's)Ignored
DislikedAs for staying on track as well, friendly conversation is a good thing man. Without it, you wouldn't have any friends!Ignored
DislikedI was hoping we could do that whilst staying on track.
Would it be unfriendly of me to point out that we are not meant to be looking for breakouts at this time of day?Ignored