1. For the DIBS setup, you are looking to take short trades when an inside bar forms below the day's open (6am GMT) and you are looking to take long trades when an inside bar forms above the day's open
That is exactly what was posted. Besides can I clear something up which you have written
OK? Does that clear it up once and for all? 6am is where we start to look for inside bars, not the start of the day.
Your quote doesnt specify timezone, it just says 6am. Sorry to point out the obvious, but since some are doing I thought I would too.
For all new traders. Its 6am GMT or 6am in London for those who are not familiar with GMT jargon.
London is the bigges market followed by US so we look for bias from this candle because it can give us early indication as to the orders being placed by the big markets.
Now back to trading
Razor
That is exactly what was posted. Besides can I clear something up which you have written
OK? Does that clear it up once and for all? 6am is where we start to look for inside bars, not the start of the day.
Your quote doesnt specify timezone, it just says 6am. Sorry to point out the obvious, but since some are doing I thought I would too.
For all new traders. Its 6am GMT or 6am in London for those who are not familiar with GMT jargon.
London is the bigges market followed by US so we look for bias from this candle because it can give us early indication as to the orders being placed by the big markets.
Now back to trading
Razor
DislikedI'm sure it's just a mistake, or you are a broker but your point 1. above is incorrect. I have pointed this out before and you managed to misinterpret PC's meaning, taking along a few other members with your interpretation.
I will post another quotation from PC which, I think, is clearer in meaning:
QUOTE:
"Thanks for the questions in such a logical order.
[i][color=blue]1. You mentioned earlier that you only buy on up days and sell on down days. You also said that you look for entries in the first 9 hours of a trading day. How...Ignored