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The DIBS Method... No Free Lunch continues

  • #10,821
  • Jun 10, 2016 9:15am Jun 10, 2016 9:15am
Quoting njokie
{quote} margin requirements doubling?
Yes, due to Brexit. However changes are broker specific and your broker should notify you.
  • #10,822
  • Jun 10, 2016 9:18am Jun 10, 2016 9:18am
Quoting Hins
{quote} Yes, due to Brexit. However changes are broker specific and your broker should notify you.
http://www.bloomberg.com/news/articl...t-fears-spread
  • #10,823
  • Jun 10, 2016 10:35am Jun 10, 2016 10:35am
This one is stopped after news release.
Yesterday 2 IBs of GBPUSD are stopped out. Today 1 IB of GBPUSD worked well. I remember PC once said he knows which IBs have higher chance of success (other than the ones early in the day).

Quoting Hins
Took USDCAD long trade off last hour IB. Problem is daily resistance is quite close, and overall trend is down. {image}
  • #10,824
  • Jun 10, 2016 12:21pm Jun 10, 2016 12:21pm
Quoting Lanes110
This one is stopped after news release. Yesterday 2 IBs of GBPUSD are stopped out. Today 1 IB of GBPUSD worked well. I remember PC once said he knows which IBs have higher chance of success (other than the ones early in the day). {quote}
Yes, closed that short lived trade with small profit, knowing yesterday's close was a resistance for today, also red news coming.
  • #10,825
  • Jun 10, 2016 12:36pm Jun 10, 2016 12:36pm
Quoting kaltrax
UJ buy & EU Free Trade. My UJ campaigne was succesfully stopped whith a very nice profit. It's my first time since start DIBS that i could multiply my initial balance by three it so little time whith a minimun dedication. {image} It's important cover your costs and play your free trade all you can. Good Weekend, friends. {image} {image}

Would be interested to know your exit strategy.....
How do you maintain Stop Loss and criteria to exit the trades
  • #10,826
  • Jun 10, 2016 2:15pm Jun 10, 2016 2:15pm
Quoting dustbin
{quote} further update on the GU... oh well, that blast off that I was wishing for... {image} [damn it why did I not choose to take the 3rd entry???]
The british pound! Its HOT as hell!!! PC , I have to thank you for this concept.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,827
  • Jun 10, 2016 2:39pm Jun 10, 2016 2:39pm
Quoting dustbin
{quote} The British pound! Its HOT as hell!!! PC , I have to thank you for this concept. {image}
Dustbin you took trade of the day, that's over 200 pips today !! well done!!
Thank you J16 & Trader Dante
  • #10,828
  • Edited 12:47am Jun 11, 2016 12:37am | Edited 12:47am
I would be remiss to if I did not warn all of you to be extremely careful as we approach Brexit vote. Margin requirement doubling....Read between the lines, remember was it the Franc that had that extreme move the other year? Some of you may make some money, others may loose your entire account, or house. Even if you have a stop loss in, once triggered it becomes a market order. Where will it be filled? 1000 pips away from your stop? How can you know if there is no liquidity? Have you doubled your account in the last few weeks; Be Happy, not greedy, We have our whole lives ahead of us to make money trading.

My personal plan is to stand aside and vacation the week of the Vote.

Respectfully

Dale
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  • #10,829
  • Jun 11, 2016 12:43am Jun 11, 2016 12:43am
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  • #10,830
  • Jun 13, 2016 3:50am Jun 13, 2016 3:50am
hi traders another week of trading inside bars
gbp/usd free trade
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thankyou gregwilson
  • #10,831
  • Jun 13, 2016 4:22am Jun 13, 2016 4:22am
Quoting sj9bp20
{quote} Would be interested to know your exit strategy..... How do you maintain Stop Loss and criteria to exit the trades
From Peter Crown :

"The thing you need to be thinking of, if you are interested in doing something like this-- is find some robust method for trailing your longer term positions, that you can live with for a very long time!.

Some use moving averages, some "turtle-type" stops, others use trendline stops on daily and weekly charts.

The key is you. You ultimately decide everything about your trading experience.

The way you think is what defines how profitable you will be. You need to let the market pay you. You shouldn't limit what it will give you.

Bruce Lee "Be water my friend"
"Let us strive to be more parents of our destiny than children of our past"
  • #10,832
  • Jun 13, 2016 5:22am Jun 13, 2016 5:22am
Still holding 2 positions on Cable and 2 on GY. with a smile on my face. Ref: previous posts
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,833
  • Edited 6:21am Jun 13, 2016 5:56am | Edited 6:21am
First post here guys (in this thread) I usually don't post in forums anymore, but wth.

I have been trading inside bars for the past 6 years, and was looking around the internet for some other exit stratagies other than my own to help out a friend who I am trying to teach as mine requires a high win rate, which he cannot seem to get haha. This thread seems boss! I took this trade, and so did he on GU (testing it myself to be sure).
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insideBars==boss
  • #10,834
  • Jun 13, 2016 6:25am Jun 13, 2016 6:25am
Quoting adamjn
First post here guys (in this thread) I usually don't post in forums anymore, but wth. I have been trading inside bars for the past 6 years, and was looking around the internet for some other exit stratagies other than my own to help out a friend who I am trying to teach as mine requires a high win rate, which he cannot seem to get haha. This thread seems boss! I took this trade, and so did he on GU (testing it myself to be sure). {image}



excellent
thankyou gregwilson
  • #10,835
  • Jun 14, 2016 12:09am Jun 14, 2016 12:09am
Quote
trailing your longer term positions, that you can live with for a very long time!.

So.......Why enter a position against the direction of the position you want to hold?
  • #10,836
  • Jun 14, 2016 12:35am Jun 14, 2016 12:35am
A couple Asia open trades
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  • #10,837
  • Jun 14, 2016 1:42am Jun 14, 2016 1:42am
Quoting Dale
{quote} So.......Why enter a position against the direction of the position you want to hold?

Why not profit whith a countertrade? If you can open long & short positions some days there are very good reversals to catch.(IMO)
"Let us strive to be more parents of our destiny than children of our past"
  • #10,838
  • Edited 3:37am Jun 14, 2016 2:20am | Edited 3:37am
Yes.. that will work if you are not regulated by FIFO

Respectfully

Dale
  • #10,839
  • Jun 14, 2016 6:42am Jun 14, 2016 6:42am
Quoting Dale
{quote} So.......Why enter a position against the direction of the position you want to hold?
Because anything can happen and you don't hold a bias. The possibility of the market going in any direction at given point is equal. The best spots to enter new trends could not better than at the end of previous ones. But you never know where is the end. I just keep taking signals but sometimes, I don't take the ones that go against my previous positions because I believe its a correction. Other times I will take the new signal and still keep the other trade with a wider stop.

IMHO
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,840
  • Jun 14, 2016 6:43am Jun 14, 2016 6:43am
Quoting adamjn
First post here guys (in this thread) I usually don't post in forums anymore, but wth. I have been trading inside bars for the past 6 years, and was looking around the internet for some other exit stratagies other than my own to help out a friend who I am trying to teach as mine requires a high win rate, which he cannot seem to get haha. This thread seems boss! I took this trade, and so did he on GU (testing it myself to be sure). {image}
I'm curious if you're still in ?
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
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