Hi everyone, I'm going with this method which is pretty much mechanical to me. Stop losses are low on this one and position sizes are relatively large compared to other systems. I have been influenced by Peter and his system(DIBs) a while ago but I'm going to do his method with a support/resistance assistance to help make out those many losses that I have been receiving.
- My pairs are GBP/USD and EUR/USD only.
- I'm looking for trends and breakouts. Mainly breakouts.
- If I see an IB near my support/resistance, I will take it religiously. That is my main price action I'm looking for.
- DBHLC and DBLHC are also on my watchlist.
- Everything is on 1 hr TF.