Alberto,
My e-mail alert goes to my cell phone as a text message and usually takes less than a minute to alert me.. it would be great if you can do it but regardless of it....thank you very much
Try this and let me know
The DIBS Method... No Free Lunch continues
Try this and let me know
- #2,964
- Jun 25, 2008 7:49am Jun 25, 2008 7:49am
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
whats up guys...hows E/U? 
- #2,965
- Jun 25, 2008 7:50am Jun 25, 2008 7:50am
yeeeeeeeeeeeehaaaaaaaaaaa!!!
free ride south with swissy
Bobby.
You must have used the 11gmt IB instead of the 9gmt.... I decided to use the 9gmt since the 11gmt is within its high/low...hmmm ..I will consider your strategy next time...
Unus pro omnibus, omnes pro uno
Bobby.
You must have used the 11gmt IB instead of the 9gmt.... I decided to use the 9gmt since the 11gmt is within its high/low...hmmm ..I will consider your strategy next time...
Although on my charts (MT4 and Oanda) there's only 2 pips between them. I went down to 30min TF and saw that the 11gmt IB had just been taken out with the 11.30 candle. This helped me get in those 2 pips earlier. *EDIT* Plus I noticed a triangle on the 30 min TF.
Hope that helps.
I'm still new to this trading style so 11 pip + spread SL seemed low and I also trade very small amounts on my live account. Found this a lot better to practice with than a practice account as I feel the ups and downs of the trades more...makes it more real (even if my original account was only 200GBP...only 80 left now though oops lol)
Bobby
- #2,970
- Jun 25, 2008 8:21am Jun 25, 2008 8:21am
Bobby,
Nice going...I appreciate your explanation. Yes, Iam also trading microlots and after three years of trading and contributing a few k's to my education, I have reach the point that I am at now.....thanks to Feb2865, Peter Crowns, Bemac, Jarroo and other generous contributors. We need to control risk and the rest will take care of itself.
Keep it going
Nice going...I appreciate your explanation. Yes, Iam also trading microlots and after three years of trading and contributing a few k's to my education, I have reach the point that I am at now.....thanks to Feb2865, Peter Crowns, Bemac, Jarroo and other generous contributors. We need to control risk and the rest will take care of itself.
Keep it going
Unus pro omnibus, omnes pro uno
- #2,972
- Jun 25, 2008 8:39am Jun 25, 2008 8:39am
Does anyone like USD/CHFs chances of breaking through the hourly trendline south?
It's pretty much at the support now...let's see what happens. Here's hoping
I would love it!
Let's see the Daily is down...the 3hr(oanda) is down...the 1hr is down.... I know we are working with probabilities but I like our chances...there is a strong support in the 103.00 area and we also need to deal with Mr. Benarke's statements....
We will see...
Unus pro omnibus, omnes pro uno
- #2,973
- Jun 25, 2008 8:39am Jun 25, 2008 8:39am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Short Usd/Cad on price below IB and break of support.
Indicators show the past. Price Action "Indicates" the future.
Bobby,
I would love it!
We will see...
But hey it's a free trade so no biggy.
That's something I wish I had considered in my early trading 'career' (and I use the word career very loosly lol). I always used to bring SL to break even and many times get stopped out and the price reversing back straight after. Closing 1/2 position is simple but so amazingly genious. Less stress knowing worst case scenario is a zero trade.
- #2,976
- Edited 9:23am Jun 25, 2008 9:19am | Edited 9:23am
- | Joined Mar 2008 | Status: ... I was aiming at the horse! | 913 Posts
Why I don't trade heavy fundamental news days... huh... like this one
I took some DIBS today (on my demo, once I personally do't feel comfortable trading those days live) and all of them got stopped out by SL or by Breakeven. Then I got to work and missed some action that could be nice, but still in a very bouncing market....And I realized that most of my losing trades were on "heavy weight" news days... Why would that happen?
The DIBS essence is that we need some fuel to move our trades. This fuel is nothing more than the big guys, the real movers, clearly decided on wich way to trade, and usually they are already decided on the early day.
But in a choppy market as we are, plus some (almost) insane speeches from Mr. Trichet and Mr. Bernanke (as we saw couple days ago, remember?), plus some non-sense numbers released, the big traders simply don't know which way to choose, and put their bets in days like this. So, our beloved DIBS is empty of fuel and filled with volatiliy. The result is some free rides stopped at breakeven, and some SL hit... Remember that we usually use tight SL's on this system, and this really don't fit to news coming...
The perfect DIBS trade is when the big money pushes the market (an impulsive start), takes a breathe (the IB, exactly when we quietly jump in...) and then pushes strongly again, hiting our entry order and taking the price away, hitting our Free Trade TP without ever looking back. This kind of move needs a lot of fuel (the big guys decided) to work, and, IMO, that's what we don't have in a day like today.
I'm very glad for those who got some pips today, sure they were not mine (since I just traded demo today...
), and I just love DIBS, in my live account is the best system I've used, away from the strong news days...
Just one more thing. I can do it cause, like many others here, I have a day job to pay my bills for now, maybe someday I can live by trading, that's what I love, but at least I don't have the obligation to be everyday on the market making money... that's a comfortable position, right?
Just my 2 pips...
Cheers!
HT
PS: Just to visualize... check the Swissy mess today!
I took some DIBS today (on my demo, once I personally do't feel comfortable trading those days live) and all of them got stopped out by SL or by Breakeven. Then I got to work and missed some action that could be nice, but still in a very bouncing market....And I realized that most of my losing trades were on "heavy weight" news days... Why would that happen?
The DIBS essence is that we need some fuel to move our trades. This fuel is nothing more than the big guys, the real movers, clearly decided on wich way to trade, and usually they are already decided on the early day.
But in a choppy market as we are, plus some (almost) insane speeches from Mr. Trichet and Mr. Bernanke (as we saw couple days ago, remember?), plus some non-sense numbers released, the big traders simply don't know which way to choose, and put their bets in days like this. So, our beloved DIBS is empty of fuel and filled with volatiliy. The result is some free rides stopped at breakeven, and some SL hit... Remember that we usually use tight SL's on this system, and this really don't fit to news coming...
The perfect DIBS trade is when the big money pushes the market (an impulsive start), takes a breathe (the IB, exactly when we quietly jump in...) and then pushes strongly again, hiting our entry order and taking the price away, hitting our Free Trade TP without ever looking back. This kind of move needs a lot of fuel (the big guys decided) to work, and, IMO, that's what we don't have in a day like today.
I'm very glad for those who got some pips today, sure they were not mine (since I just traded demo today...
), and I just love DIBS, in my live account is the best system I've used, away from the strong news days...Just one more thing. I can do it cause, like many others here, I have a day job to pay my bills for now, maybe someday I can live by trading, that's what I love, but at least I don't have the obligation to be everyday on the market making money... that's a comfortable position, right?
Just my 2 pips...
Cheers!
HT
PS: Just to visualize... check the Swissy mess today!
Many share my views with me. But I don't share them with them...
- #2,977
- Jun 25, 2008 9:31am Jun 25, 2008 9:31am
- | Joined Sep 2007 | Status: Breakout Baby | 692 Posts
Why I don't trade heavy fundamental news days... huh... like this one
I took some DIBS today (on my demo, once I personally do't feel comfortable trading those days live) and all of them got stopped out by SL or by Breakeven. Then I got to work and missed some action that could be nice, but still in a very bouncing market....And I realized that most of my losing trades were on "heavy weight" news days... Why would that happen?
The DIBS essence is that we need some fuel to move our trades. This fuel is nothing more than the big guys, the real movers, clearly decided on wich way to trade, and usually they are already decided on the early day.
But in a choppy market as we are, plus some (almost) insane speeches from Mr. Trichet and Mr. Bernanke (as we saw couple days ago, remember?), plus some non-sense numbers released, the big traders simply don't know which way to choose, and put their bets in days like this. So, our beloved DIBS is empty of fuel and filled with volatiliy. The result is some free rides stopped at breakeven, and some SL hit... Remember that we usually use tight SL's on this system, and this really don't fit to news coming...
The perfect DIBS trade is when the big money pushes the market (an impulsive start), takes a breathe (the IB, exactly when we quietly jump in...) and then pushes strongly again, hiting our entry order and taking the price away, hitting our Free Trade TP without ever looking back. This kind of move needs a lot of fuel (the big guys decided) to work, and, IMO, that's what we don't have in a day like today.
I'm very glad for those who got some pips today, sure they were not mine (since I just traded demo today...
Just one more thing. I can do it cause, like many others here, I have a day job to pay my bills for now, maybe someday I can live by trading, that's what I love, but at least I don't have the obligation to be everyday on the market making money... that's a comfortable position, right?
Just my 2 pips...
Cheers!
HT
PS: Just to visualize... check the Swissy mess today!
I'm not in any trades either today, but that's mostly because I'm away from my computer. Just stopping by to catch up on the thread. How are those patients dear friend? 
- #2,979
- Jun 25, 2008 9:45am Jun 25, 2008 9:45am
Hey Doc,,
Thanks for such a clear/logical explanation...I wished I had read it earlier in the day eventhough I felt more or less the same as you, I entered a couple of IB that may end up looser for me today.
Good antidote for days like this
Thanks for such a clear/logical explanation...I wished I had read it earlier in the day eventhough I felt more or less the same as you, I entered a couple of IB that may end up looser for me today.
Good antidote for days like this
Unus pro omnibus, omnes pro uno
