DislikedAnybody have any open positions from a DIBS trade today? what pair, what time did you take it? Curious to see if I am getting this right.
I had a short in for GBPUSD that went to 1:!, then turned and stopped me out (for BE as I had shaved off half position at 1:1).Ignored
The DIBS Method... No Free Lunch continues
- #3,185
- Jun 27, 2008 7:27am Jun 27, 2008 7:27am
- Joined Apr 2007 | Status: Trader | 1,522 Posts
Be careful buying there, i know there's an IB but other things are important too, for me, it's a sell right now. But maybe you're right and get rich, market will tell 
- #3,187
- Jun 27, 2008 8:04am Jun 27, 2008 8:04am
ChowC,
Great chart of the G/U... I will sit on my hands until/if it breaks 1.9900 or enter with a small # of units.. I also have a pending order short for the moment... No chasing....borrowing from a very experienced trader who said "don't be a prey ..be a predator"..
P.S... closing shop soon
Great chart of the G/U... I will sit on my hands until/if it breaks 1.9900 or enter with a small # of units.. I also have a pending order short for the moment... No chasing....borrowing from a very experienced trader who said "don't be a prey ..be a predator"..
P.S... closing shop soon
Unus pro omnibus, omnes pro uno
- #3,189
- Jun 27, 2008 8:10am Jun 27, 2008 8:10am
Yeahh...shame on me... not trading this beast at all.
I think If one can master 2 or 3 pairs (I'm faaaaaar away from mastering...) that's enough to feed the pip pocket... the KISS principle fits perfectly to me (mainly the "stupid" part....
)
For me that was a tough decision, but I had to take it.
But I strongly believe that this method works with the Cable....it has more to do with my "trauma" than with the Cable... the market doesn't take anything personally, and I prefer trading in my comfort zone...
Cheers!
Been reading this thread a while still trying to figure out a schedual that I can trade it with and still get some sleep (stupid friggin Job LOL) I just want to say that this post says a lot for the "House" he knows it's a profitable pair and absolutely doesn't trade it because he doesn't like it.
That is awesome discipline!
I think I have to start drinkin coffe instead of Pepsi and maybe I can get up for your 3am jam sessions.... Good luck to you all and thanks for posting!!
- #3,191
- Jun 27, 2008 8:24am Jun 27, 2008 8:24am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #3,192
- Jun 27, 2008 8:29am Jun 27, 2008 8:29am
"..gbp/usd:
BUY 1.9896, stop 1.9796.
If not stopped out exit Monday morning, 00:00 CST".
ChowC,
Hmmm... I am tempted to do that...I like your thinking on it. I have to go for a few hours so I was considering leaving my pending order long above 1.9900 and short below 1.9950... This ranging is going to burst sooner or later... maybe not on Friday... I feel like an alligator waiting for its prey!
BUY 1.9896, stop 1.9796.
If not stopped out exit Monday morning, 00:00 CST".
ChowC,
Hmmm... I am tempted to do that...I like your thinking on it. I have to go for a few hours so I was considering leaving my pending order long above 1.9900 and short below 1.9950... This ranging is going to burst sooner or later... maybe not on Friday... I feel like an alligator waiting for its prey!
Unus pro omnibus, omnes pro uno
- #3,197
- Edited 9:29am Jun 27, 2008 8:59am | Edited 9:29am
evening/morning DIBS folks! My buystop is primed on Cable. Despite market moving sideways past few hours, MTF PA supports my bullish stance - daily pin bar with close above 200ema, 4hr large BUOB, 1 hr 2 BUOBs (bullish outside bar).
that'll do for me. Good luck.Edit: GU a free ridin' now...no more entries for me today.
