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  • #7,221
  • Mar 24, 2009 2:01am Mar 24, 2009 2:01am
Quoting takingthepip
USD/JPY IB. But I expect upper resistance around the daily trendline at 98.73.
Update. Stopped out. May try again.
  • #7,222
  • Mar 24, 2009 3:24am Mar 24, 2009 3:24am
Currently Short on the EUR from a couple of days ago. Price is starting to drop now but Im still some pips away from BE (was a daily IB).

Long on the swissy at 1.1258 with SL at 1.1221.

If I get to BE on either or both of the above I will look to add some more positions but am currently at my limit.
  • #7,223
  • Mar 24, 2009 5:38am Mar 24, 2009 5:38am
hi frinds..... nice to see u all .. i was out for a few days so could not read or reply ...

it was nice to have peter and jaroo both here posting again


well lets get to the tradign desk


PS:- EURUSD rocked
Knock at the sky and feel the thunder
  • #7,224
  • Mar 24, 2009 5:46am Mar 24, 2009 5:46am
Quoting simply123
hi frinds..... nice to see u all .. i was out for a few days so could not read or reply ...

it was nice to have peter and jaroo both here posting again


well lets get to the tradign desk


PS:- EURUSD rocked
Nice to have you back, it has been a very busy 2 weeks for DIBs trades. Lots of opportunities available including some great entries mid last week.

Welcome home
  • #7,225
  • Mar 24, 2009 5:57am Mar 24, 2009 5:57am
USD/JPY IB again on my platform. Very small risk. I fancy an upside breakout. Will see what happens.
  • #7,226
  • Mar 24, 2009 6:19am Mar 24, 2009 6:19am
Quoting takingthepip
USD/JPY IB again on my platform. Very small risk. I fancy an upside breakout. Will see what happens.

all over it like a rash ttp!
  • #7,227
  • Mar 24, 2009 6:54am Mar 24, 2009 6:54am
needs to break 37 then 55 first tp 49 not looking great about now....
  • #7,228
  • Mar 24, 2009 7:03am Mar 24, 2009 7:03am
OFFICIAL DIBS...

http://i42.tinypic.com/20gkxh0.gif
TRO
  • #7,229
  • Mar 24, 2009 7:34am Mar 24, 2009 7:34am
I'm a little disappointed that I missed this gem yesterday on the USD/JPY at 10am GMT. I snoozed through it. My alarm went off, and I pressed 'snooze' again as I'm still getting used to these early starts. Another lesson learned: If there are no IB's, and you decide to take a snooze, at least be awake on the hourly candle open.




...
Attached Image
  • #7,230
  • Mar 24, 2009 7:56am Mar 24, 2009 7:56am
Quoting icarusfx
needs to break 37 then 55 first tp 49 not looking great about now....
stopped out for a small loss.... thought about moving to b/e but changed my mind (ho hum)

look like a possible ib on cable (a bit late in the day for my liking though)

regards
  • #7,231
  • Mar 24, 2009 8:06am Mar 24, 2009 8:06am
maybe it will be a good one though because i think price is consolidating preceding BOV Gov King speaking...
The way is narrow
  • #7,232
  • Mar 24, 2009 8:15am Mar 24, 2009 8:15am
the 4h candle is also an ib... if anyone watches for this?
  • #7,233
  • Mar 24, 2009 4:11pm Mar 24, 2009 4:11pm
Its good to wake and have both your trades as risk free trades. Finally after a couple of days of patience the Daily IB of the EUR has dropped the 130 pips i needed to become risk free and the swissy also came up enough to be risk free as well.

Lets see if they can continue today
  • #7,234
  • Mar 24, 2009 6:47pm Mar 24, 2009 6:47pm
Quoting Razor_trader
Its good to wake and have both your trades as risk free trades. Finally after a couple of days of patience the Daily IB of the EUR has dropped the 130 pips i needed to become risk free and the swissy also came up enough to be risk free as well.

Lets see if they can continue today
Hi Razor:
Do you trade both the 1 hr and Daily Dibs and if you do, do you have a preference? Thanks for your time.

Jim
  • #7,235
  • Mar 25, 2009 3:23am Mar 25, 2009 3:23am
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
  • #7,236
  • Mar 25, 2009 3:27am Mar 25, 2009 3:27am
Hi all!

What SL and TP have all of you found to be the most successful?

I most often use TP and SL equal to the hight of the IB, but that hasn't always proved to be the best settings. I have tried with a lower TP and SL, but I don't like changing the RR-ratio going lower than 1:1.

Also, I most often use the 1H, but I have seen some success in this thread with the 4H. What do you all prefer?

Any input would be appreciated.

Regards

Archie
  • #7,237
  • Mar 25, 2009 3:28am Mar 25, 2009 3:28am
Quoting icarusfx
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
nice trade on the e/g 9250 may be the high for now

I have a pending buy on u/j @ 97.86
  • #7,238
  • Mar 25, 2009 3:39am Mar 25, 2009 3:39am
Quoting croesesFX
nice trade on the e/g 9250 may be the high for now

I have a pending buy on u/j @ 97.86
thanks


I thought about shorting u/j on the ib break to the down side due to the small downward channel it's in (would like to see a break of support @ 355 first) so decided to wait on g/j to see if that breaks.... but i think i've just managed to talk myself out of it now! lol
  • #7,239
  • Mar 25, 2009 3:52am Mar 25, 2009 3:52am
Quoting Archie
Hi all!

What SL and TP have all of you found to be the most successful?

I most often use TP and SL equal to the hight of the IB, but that hasn't always proved to be the best settings. I have tried with a lower TP and SL, but I don't like changing the RR-ratio going lower than 1:1.

Also, I most often use the 1H, but I have seen some success in this thread with the 4H. What do you all prefer?

Any input would be appreciated.

Regards
Archie
Hi Archie,

well yeah it's all about r/r and to use the height of the ib for tp sl works it really does, it doesn't have to be to the pip (in my experience) i sometimes stretch in to near support/resistance (where applicable) but i also account for this in my r/r. i'm not saying that you should do the same but it seems like common sense to me.

i only work from 1h hour but take note of 4h, daily as well, sometimes you find yourself looking at a 1h ib that is within a 4h/d ib, again i feel it's common sense to take note of the larger tmes and where their sup/res could influence your proposed trade.

kind regards
  • #7,240
  • Mar 25, 2009 4:23am Mar 25, 2009 4:23am
Quoting icarusfx
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
if you are still in this trade, next stop could be 9280 ish
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