DislikedSorry, NAL, I was not clear in explaining my approach. It is similar to yours. In one of his posts, PC commented stats from one of the guys who concluded that most DIBS trades close with 1:1 RR. Also (my opinion), the nearest S/R level is a good profit target. So, if I know I am most likely to make 25-35 pips, I am looking for similar IBs. As you said: the smaller - the better. I rarely have good trades with any IB over 40 pips (hm, I rarely take those IBs )Ignored
- Post #4,721
- Quote
- Aug 12, 2008 4:41am Aug 12, 2008 4:41am
- | Joined Sep 2007 | Status: Breakout Baby | 692 Posts
- Post #4,722
- Quote
- Aug 12, 2008 4:43am Aug 12, 2008 4:43am
- | Joined Sep 2007 | Status: Breakout Baby | 692 Posts
- Post #4,723
- Quote
- Aug 12, 2008 4:53am Aug 12, 2008 4:53am
- | Joined Sep 2007 | Status: Breakout Baby | 692 Posts
- Post #4,724
- Quote
- Aug 12, 2008 5:06am Aug 12, 2008 5:06am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,725
- Quote
- Aug 12, 2008 5:10am Aug 12, 2008 5:10am
- | Joined Sep 2007 | Status: Member | 1,404 Posts
- Post #4,726
- Quote
- Aug 12, 2008 5:11am Aug 12, 2008 5:11am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,727
- Quote
- Aug 12, 2008 6:13am Aug 12, 2008 6:13am
- | Joined Jun 2008 | Status: Member | 89 Posts
Never argue with a fool....
- Post #4,728
- Quote
- Aug 12, 2008 6:36am Aug 12, 2008 6:36am
- | Joined May 2008 | Status: Member | 30 Posts
- Post #4,729
- Quote
- Aug 12, 2008 6:41am Aug 12, 2008 6:41am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,731
- Quote
- Aug 12, 2008 6:48am Aug 12, 2008 6:48am
- | Joined May 2008 | Status: Member | 30 Posts
- Post #4,732
- Quote
- Aug 12, 2008 6:50am Aug 12, 2008 6:50am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,733
- Quote
- Aug 12, 2008 7:00am Aug 12, 2008 7:00am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- Post #4,734
- Quote
- Aug 12, 2008 7:01am Aug 12, 2008 7:01am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,735
- Quote
- Aug 12, 2008 7:14am Aug 12, 2008 7:14am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,736
- Quote
- Aug 12, 2008 7:22am Aug 12, 2008 7:22am
- | Joined Jun 2008 | Status: Member | 89 Posts
Never argue with a fool....
- Post #4,738
- Quote
- Aug 12, 2008 8:01am Aug 12, 2008 8:01am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #4,739
- Quote
- Aug 12, 2008 8:05am Aug 12, 2008 8:05am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
One Chart is Worth Ten Thousand Words.