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The DIBS Method... No Free Lunch continues

  • #10,841
  • Jun 14, 2016 4:44am Jun 14, 2016 4:44am
Quoting Dale
Yes.. that will work if you are not regulated by FIFO Respectfully Dale
Sadly the US is not a good place for retail traders even though it should be the ieal place for traders. May be because Its the Land of the FREE. Where Free means, not so free. LOL
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,842
  • Edited 11:43pm Jun 14, 2016 11:24pm | Edited 11:43pm
EU still open , GJ stopped yesterday, missed a buy , very fast movement to 1:1, my fault....
Attached Image (click to enlarge)
Click to Enlarge Name: EU follow up.jpg Size: 95 KB
"Let us strive to be more parents of our destiny than children of our past"
  • #10,843
  • Jun 15, 2016 8:51am Jun 15, 2016 8:51am
Did anyone catch USDJPY?, I stayed out as the IB was the open bar for me (6:00GMT). i prefer to see price move away the open before considering the set up
Thank you J16 & Trader Dante
  • #10,844
  • Jun 15, 2016 1:29pm Jun 15, 2016 1:29pm
Quoting chartergas
Did anyone catch USDJPY?, I stayed out as the IB was the open bar for me (6:00GMT). i prefer to see price move away the open before considering the set up
UJ was not an ideal candidate for me as it was lacking momentum. I was however keen on any cable setups but did not catch any. I did go long on EU on the second IB, the smaller one, Against my "intuition" and later closed it with a full loss as it just hit my SL and then it went up. Later I caught a DIBS Trade just before FOMC and that is a good one. Free Trade.
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,845
  • Jun 15, 2016 11:36pm Jun 15, 2016 11:36pm
EU , keeping hot. Yesterday all losses BUY UJ & GJ SELL . Next..

Good trading
Attached Image (click to enlarge)
Click to Enlarge Name: EU hot.jpg Size: 124 KB
"Let us strive to be more parents of our destiny than children of our past"
  • #10,846
  • Jun 16, 2016 3:25am Jun 16, 2016 3:25am
GU short Ahead of NEWS. Lets see if it crashes or flies and takes the SL with it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,847
  • Jun 16, 2016 4:18am Jun 16, 2016 4:18am
Does anyone use or know of an ea to help when placing these trades, i.e sell stop on sells below bar with SL above bar calculated at account % risk?
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #10,848
  • Jun 16, 2016 4:19am Jun 16, 2016 4:19am
gu free trade ........watching
Attached Image (click to enlarge)
Click to Enlarge Name: gu 16th june 2016.PNG Size: 22 KB
thankyou gregwilson
  • #10,849
  • Jun 16, 2016 6:53am Jun 16, 2016 6:53am
Quoting dustbin
{quote} I'm curious if you're still in ?
No, we are out of the trade, but got a few re-entries, at 1.41924 which are still being held for as long as possible. Pretty solid strategy this if you trade it right and stick with the rules by the looks of it.
insideBars==boss
  • #10,850
  • Jun 16, 2016 7:51am Jun 16, 2016 7:51am
Quoting njokie
gu free trade ........watching {image}
Nice one.. I bet you're loving it now. the power of Letting it RUN RUN RUN .
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,851
  • Jun 16, 2016 8:30am Jun 16, 2016 8:30am
Important Point for Self:

I should have kept the GU shorts from the 9th of June, and should regularly be trying and succeed in keeping trades like these. and continue adding to those trades to Create those "Structures.". Food for thought, "I trade the daily charts by I make entries on the H1 Charts". Think
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,852
  • Jun 16, 2016 8:44am Jun 16, 2016 8:44am
Quoting dustbin
{quote} Nice one.. I bet you're loving it now. the power of Letting it RUN RUN RUN .


yes but letting it run isnt easy you gotta be patient
thankyou gregwilson
  • #10,853
  • Jun 16, 2016 11:01am Jun 16, 2016 11:01am
Quoting njokie
{quote} yes but letting it run isnt easy you gotta be patient
No it ain't... and it all wiped out today... NEXT
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,854
  • Jun 16, 2016 2:48pm Jun 16, 2016 2:48pm
Quote
"I trade the daily charts by I make entries on the H1 Charts". Think

I believe you are on the right track...
  • #10,855
  • Edited 9:07pm Jun 16, 2016 8:43pm | Edited 9:07pm
Will it reach 2 times risk?
Attached Images
  • #10,856
  • Jun 16, 2016 9:14pm Jun 16, 2016 9:14pm
Interesting..
Attached Image
  • #10,857
  • Edited Jun 17, 2016 2:02am Jun 16, 2016 10:37pm | Edited Jun 17, 2016 2:02am
EU keeping hot. GU & GJ both closed 1:1 whith profit (my SL on 3rd order was moved when profit, bird on hand , there was too many storm outside)

Also this EJ could be a loss trade, take a look.

Good Weekend
Attached Image (click to enlarge)
Click to Enlarge Name: EU follow up and hot.jpg Size: 148 KB
Attached Image
"Let us strive to be more parents of our destiny than children of our past"
  • #10,858
  • Edited 1:26am Jun 17, 2016 12:20am | Edited 1:26am
2 times risk?....It made it to 2x but I had my 1/2 off take profit in the wrong spot. So, I just got out, there are plenty of fish in the sea.
  • #10,859
  • Jun 17, 2016 12:43am Jun 17, 2016 12:43am
This method is great, But my problem is i don't have enough patient for hold profits,
I tried a lot to improve patient but still not luck with that, Do you guys have some resources or method about improve patient ? If there have can you share that or PM me please. Thank You
Failure is not failure if you learn from it...
  • #10,860
  • Jun 17, 2016 12:53am Jun 17, 2016 12:53am
Quoting suneth2
This method is great, But my problem is i don't have enough patient for hold profits, I tried a lot to improve patient but still not luck with that, Do you guys have some resources or method about improve patient ? If there have can you share that or PM me please. Thank You
I'm rolling on the floor ...
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
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