Break of Inside bars, low risk entries, good R:R (usually)
H1 inside bars with the daily trend. Been trying the DIBS method for a few weeks now with some good success.
Shane
Good plan, was a good one this morning in GBPUSD first thing around 157.25, should've been able to get into the 160's with that one.
Contrary to my name i don't trade Fx (yet) but have been demo'ing this the last couple of days on IG and thinking of having a go with some real cash.
Strange question , i know there is diffrenet market situtions , but please share your view , which is the best strategy for you to daytrade ( major fx , main indices ... ) ?
It's all trial and error really, depends how willing you are to give back say a 200 pip profit to try and get another 400........
I've only had the forex account up and running this week so small up but lets call that beginners luck!
i worked in the city for about 8 years so i had a grounding in stocks so i stick to what i know, but i usually have a few stocks i watch and add a few more to the list that are making new highs/lows in the day, basically trying to find the ones that move.
I do like the DIBS method, it's simple and so obvious that you almost feel its too easy to work, some of the time you're taking a hit but mostly your wins should more than make up for your losses.
And
it should really work in any market, Indices, FX, Oil, Gold etc
maybe a few more for the demo account once i'm confident with cable!