USD/JPY, EUR/USD and USD/CHF free rides.
EUR/GBP and EUR/CHF not free yet.
Good Job.
Indicators show the past. Price Action "Indicates" the future.
The DIBS Method... No Free Lunch continues
- #621
- May 23, 2008 8:06am May 23, 2008 8:06am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Good Job.
CAD shot through 2 min to early an no entry... UJ free now
, thats 3 out of 3 in the free.I dont think I've ever done 3 winners in a row... Thank you Jarroo and PeterCrown. Now we need to learn more and be more consistent
- #623
- May 23, 2008 8:09am May 23, 2008 8:09am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
To bad, it would have been a nice trade with potential.
- #627
- May 23, 2008 8:19am May 23, 2008 8:19am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #628
- May 23, 2008 8:23am May 23, 2008 8:23am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Gotta go gang. Another great session. I can get use to this.
Have a great weekend.
Jim
Have a great weekend.
Jim
Indicators show the past. Price Action "Indicates" the future.
....edit: and NAL 
- #632
- May 23, 2008 8:39am May 23, 2008 8:39am
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #633
- May 23, 2008 8:45am May 23, 2008 8:45am
- | Joined Mar 2008 | Status: ... I was aiming at the horse! | 913 Posts
Gotta go gang. Another great session. I can get use to this.
Have a great weekend.
Jim
Monday is Holiday ...... Celebrate
Tuesday we're back to the battle field!
Cheers!
Many share my views with me. But I don't share them with them...
Great weekend to you too!
Monday is Holiday ...... Celebrate
Tuesday we're back to the battle field!
Cheers!
Sumerizing(?) the day, I can not compliment myself, as I did not follow much of the rules: all the four trades were not executed exectly as they should be. This is typical of me, and lower the results.
I did have four trades, 3 wins and 1 lose - all together +52 pps. Better than nothing or losing, but still could be better.
That's what I have next week for.
Also, I think I shell look for the market on monday, to look how it looks like.
If it is boring - I already have the comedy club forum......
Cheers (I learned from you),
Shefa.
Good to see that you guys are doing fine with this method!
Ok, here is my take for MM: Use fibs and trendlines. Fib the previous opposite movement, and take 50% out at 161 level. For instance today 161 would have very good first exit for all main pairs.
Let the rest run free, but set a guarding trendline for alerting if the trend turns. There are tl-indicators which give an alert when crossed.
Take a look at the example. Happy pipping!
R
Ok, here is my take for MM: Use fibs and trendlines. Fib the previous opposite movement, and take 50% out at 161 level. For instance today 161 would have very good first exit for all main pairs.
Let the rest run free, but set a guarding trendline for alerting if the trend turns. There are tl-indicators which give an alert when crossed.
Take a look at the example. Happy pipping!
R
I think it's 20 periods. 20 ticks seems like way too close, especially on cross-pairs. In my experience, you need something that considers volatility instead of a fixed number of pips.
- #637
- May 23, 2008 9:48am May 23, 2008 9:48am
- | Joined Mar 2008 | Status: ... I was aiming at the horse! | 913 Posts
I would like also to wish everybody a wonderful weekend.
Sumerizing(?) the day, I can not compliment myself, as I did not follow much of the rules: all the four trades were not executed exectly as they should be. This is typical of me, and lower the results.
I did have four trades, 3 wins and 1 lose - all together +52 pps. Better than nothing or losing, but still could be better.
That's what I have next week for.
Also, I think I shell look for the market on monday, to look how it looks like.
If it is boring - I already have the comedy club forum......
Cheers (I learned from you),
Shefa.
Better than mine so far... I took a wrong trade on EUR/GBP, not for the DIBS setup, but by my lots size (messed my Money Management), which are different... It was too early in Brazil, maybe I was kind of in a numb state still
... But at the end I'm still +40 pips... that wasn't so bad at all... Soon I'll close my last trade, Now I'm trying to beat you! Just kidding!
Don't demand too much yourself... Be sure to review your losing trade (As I did with my numbing EUR/GBP...) and try to improve.
Have a great Weekend too!
Cheers!
HT
Many share my views with me. But I don't share them with them...
