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The DIBS Method... No Free Lunch continues

  • #2,881
  • Jun 25, 2008 12:20am Jun 25, 2008 12:20am
Is anyone still hanging on (by a thread i may add) to y'days Dollyen short...???
  • #2,882
  • Jun 25, 2008 12:24am Jun 25, 2008 12:24am
Quoting dan_mir
Hi,
I wonder what is your SL method in winning trades. Once the trade is 1:1, you close 50% of the position, and let it ride. But what about the SL? Don't you move it to BE or TS ?
I'll be glad to see your comments.
BR
Dani M.
A true DIBS trade , according to Peter, is to keep the free trade going and turn it into a long term trade by catching the long term trend.

Now you can move your SL to BE or you can TS. It's up to you.
Indicators show the past. Price Action "Indicates" the future.
  • #2,883
  • Jun 25, 2008 12:25am Jun 25, 2008 12:25am
Didn't the UsdJpy trade get stopped out though? I had a slightly larger stop loss so i survived the first retrace, but the second one took my trade out by just a few pips before heading back up...

Was the usdjpy IB yesterday a failed trade?
  • #2,884
  • Jun 25, 2008 12:27am Jun 25, 2008 12:27am
Yen Long off 4hr chart
"Whether you think you can or can't, you're right." Henry Ford
  • #2,885
  • Jun 25, 2008 12:29am Jun 25, 2008 12:29am
Quoting WilteredFire
Didn't the UsdJpy trade get stopped out though? I had a slightly larger stop loss so i survived the first retrace, but the second one took my trade out by just a few pips before heading back up...

Was the usdjpy IB yesterday a failed trade?
I didn't play the Usd/Jpy yesterday, but if the FTT (Free Trade Target) was reached, then it was a successful DIBS trade. No loss.
Indicators show the past. Price Action "Indicates" the future.
  • #2,886
  • Jun 25, 2008 12:30am Jun 25, 2008 12:30am
Quoting jarroo
A true DIBS trade , according to Peter, is to keep the free trade going and turn in to a long term trade by catching the long term trend.
Now you can move your SL to BE or you can TS. It's up to you.
jarroo,
So there isn't an "official" PC say about the SL issue ?
What do you do in your trades ? (if it's not too personal)
BR
Dani M.
  • #2,887
  • Jun 25, 2008 12:38am Jun 25, 2008 12:38am
Quoting dan_mir
jarroo,
So there isn't an "official" PC say about the SL issue ?
What do you do in your trades ? (if it's not too personal)
BR
Dani M.
I try to reach that long term trade, but I have been taking profits out early. But still leaving partial postions to run.
Indicators show the past. Price Action "Indicates" the future.
  • #2,888
  • Jun 25, 2008 12:47am Jun 25, 2008 12:47am
Hi,



The only IB's today with the majors (according to PC) so far are the G/U and the U/CHF both @ 5gmt......... Am I correct?


Thanks
Unus pro omnibus, omnes pro uno
  • #2,889
  • Edited 1:03am Jun 25, 2008 12:49am | Edited 1:03am
Quoting dan_mir
jarroo,
So there isn't an "official" PC say about the SL issue ?
What do you do in your trades ? (if it's not too personal)
BR
Dani M.
In this post on the original free coffee thread -

http://www.forexfactory.com/showpost...8&postcount=92

PC has this to say -

Quote
If the market doesn't reverse and take out the initial trade stop, I will use the 20 period moving average (displayed) as a trailing stop. I have seen just one trade like this one provide half the year's profits for a good trader, by just following it up with a trailing stop.

  • #2,890
  • Jun 25, 2008 12:50am Jun 25, 2008 12:50am
Quoting moneda
Hi,



The only IB's today with the majors (according to PC) so far are the G/U and the U/CHF both @ 5gmt......... Am I correct?
Nah the EU and AU trades were both good Dibs.
"Whether you think you can or can't, you're right." Henry Ford
  • #2,891
  • Jun 25, 2008 12:53am Jun 25, 2008 12:53am
Quoting Scot Pippin'
Nah the EU and AU trades were both good Dibs.

Hey SP...at what time do you show an IB for the e/u?

Thanks
Unus pro omnibus, omnes pro uno
  • #2,892
  • Jun 25, 2008 12:54am Jun 25, 2008 12:54am
Hi Scot

you are referring to ib at gmt 1 for eu and gmt 3 for au?


Quoting Scot Pippin'
Nah the EU and AU trades were both good Dibs.
  • #2,893
  • Jun 25, 2008 12:57am Jun 25, 2008 12:57am
Dollyen dib shorted at 107.89 y'day, entered at 10 am Dublin time, still hangin on...!
  • #2,894
  • Jun 25, 2008 12:58am Jun 25, 2008 12:58am
Quoting **straddle**
In this post on the original free coffee thread -

http://http://www.forexfactory.com/s...8&postcount=92

PC has this to say -



Link not working . Try this:

http://www.forexfactory.com/showpost...8&postcount=92
Indicators show the past. Price Action "Indicates" the future.
  • #2,895
  • Jun 25, 2008 1:05am Jun 25, 2008 1:05am
Quoting jarroo
Link not working . Try this:

http://www.forexfactory.com/showpost...8&postcount=92

Cheers J, I need some of that free coffee to wake myself up !!

  • #2,896
  • Jun 25, 2008 1:09am Jun 25, 2008 1:09am
Hi guys, I'm not liking any DIBS at the moment Look at the daily price of the majors - winding up ready to spring. Price is ranging just waiting to make a clear breakout.
  • #2,897
  • Jun 25, 2008 1:15am Jun 25, 2008 1:15am
Hey Trump,

I am with you man!....lots of fundamental stuff today .... it seems like is going to be ranging for a while.

Unus pro omnibus, omnes pro uno
  • #2,898
  • Jun 25, 2008 1:15am Jun 25, 2008 1:15am
Hi all, today is very nice for DIBS traders...

Short setup GBP_USD
Long setup EUR_CHF, USD_CAD, USD_JPY
  • #2,899
  • Jun 25, 2008 1:17am Jun 25, 2008 1:17am
awaiting Trichet..... everybody votes.. weee
  • #2,900
  • Jun 25, 2008 1:18am Jun 25, 2008 1:18am
Quoting Trumpcard
Hi guys, I'm not liking any DIBS at the moment Look at the daily price of the majors - winding up ready to spring. Price is ranging just waiting to make a clear breakout.
Agree... Seems like everybody is waiting for some hint from Mr. "Atherosclerosis" Trichet... Market these days is caring too much to what they say than what they do... they are not paying much attention to the numbers...
Many share my views with me. But I don't share them with them...
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