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The DIBS Method... No Free Lunch continues

  • #10,921
  • Aug 5, 2016 6:39am Aug 5, 2016 6:39am
Quoting smikester
{quote} Impressive. Such a good choice of inside bar. Did you consider moving your stop to just under the price?

thenx ......sorry could you please elaborate what under the price means..
thankyou gregwilson
  • #10,922
  • Aug 5, 2016 7:08am Aug 5, 2016 7:08am
eur usd free trade
Attached Image
thankyou gregwilson
  • #10,923
  • Aug 5, 2016 7:09am Aug 5, 2016 7:09am
i had arealier taken a usdchf dumb trade.....lessons learnt
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 5th aug 2016.PNG Size: 19 KB
thankyou gregwilson
  • #10,924
  • Aug 5, 2016 7:34am Aug 5, 2016 7:34am
breakeven eu...
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  • #10,925
  • Aug 5, 2016 8:34am Aug 5, 2016 8:34am
Quoting njokie
{quote} thenx ......sorry could you please elaborate what under the price means..
Well, this is what I sometimes do - I'm not saying you should do it. When a trade gets to, say, 5 : 1, make a decision that you want to lock in at least 4.5 : 1 and move your stop loss to there. That way you have a free trade which might go to 10 : 1 or even 100 : 1

I'm good at talking, I don't always do that and it only sometimes pays off. But I am profitable nowadays. And those odd occasions when it does pay off are to be savoured.
Gone to a better place
  • #10,926
  • Aug 5, 2016 8:49am Aug 5, 2016 8:49am
Quoting smikester
{quote} Well, this is what I sometimes do - I'm not saying you should do it. When a trade gets to, say, 5 : 1, make a decision that you want to lock in at least 4.5 : 1 and move your stop loss to there. That way you have a free trade which might go to 10 : 1 or even 100 : 1 I'm good at talking, I don't always do that and it only sometimes pays off. But I am profitable nowadays. And those odd occasions when it does pay off are to be savoured.


ok thenx for the advice,.......lol your good at talking will try locking next week
thankyou gregwilson
  • #10,927
  • Aug 8, 2016 8:58am Aug 8, 2016 8:58am
new week usdchf and usdjpy free trades
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  • #10,928
  • Aug 9, 2016 4:18am Aug 9, 2016 4:18am
closed both trades at 1:1
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  • #10,929
  • Aug 9, 2016 7:44am Aug 9, 2016 7:44am
usdjpy free trade.......where is everyone
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  • #10,930
  • Aug 12, 2016 8:07am Aug 12, 2016 8:07am
eu free trade,
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Click to Enlarge Name: eu 12th aug 2016.PNG Size: 11 KB
thankyou gregwilson
  • #10,931
  • Aug 12, 2016 8:19am Aug 12, 2016 8:19am
njokie,
I've got question.... Why you said "free trade" ? Is it easy to take this trade ? What is a special on this chart that told you the direction of movement ?
The price can do everything, don't you think?
  • #10,932
  • Aug 12, 2016 11:00am Aug 12, 2016 11:00am
Quoting Misio2401
njokie, I've got question.... Why you said "free trade" ? Is it easy to take this trade ? What is a special on this chart that told you the direction of movement ? The price can do everything, don't you think?
I think he means that the trade are now in break even and he cant lose on this one because he have move his stoplos to break even and he can only win from this one.

Best regards
  • #10,933
  • Aug 12, 2016 11:38am Aug 12, 2016 11:38am
Quoting Misio2401
njokie, I've got question.... Why you said "free trade" ? Is it easy to take this trade ? What is a special on this chart that told you the direction of movement ? The price can do everything, don't you think?
You need to read up on this method. The full description is in the first few posts.

@ njokie: By the way, great trade njokie.
Gone to a better place
  • #10,934
  • Aug 12, 2016 1:37pm Aug 12, 2016 1:37pm
Quoting jgadefelth
{quote} I think he means that the trade are now in break even and he cant lose on this one because he have move his stoplos to break even and he can only win from this one. Best regards


yes exactly but am she
thankyou gregwilson
  • #10,935
  • Aug 12, 2016 1:39pm Aug 12, 2016 1:39pm
Quoting smikester
{quote} You need to read up on this method. The full description is in the first few posts. @ njokie: By the way, great trade njokie.

thenx just trying
thankyou gregwilson
  • #10,936
  • Aug 12, 2016 1:42pm Aug 12, 2016 1:42pm
Quoting Misio2401
njokie, I've got question.... Why you said "free trade" ? Is it easy to take this trade ? What is a special on this chart that told you the direction of movement ? The price can do everything, don't you think?

welcome to the thread free means you cant loose ...check details on first page
thankyou gregwilson
  • #10,937
  • Aug 12, 2016 1:50pm Aug 12, 2016 1:50pm
Quoting njokie
{quote} welcome to the thread free means you cant loose ...check details on first page
How have this trading working out for you this far ?

Best regards
  • #10,938
  • Aug 12, 2016 2:20pm Aug 12, 2016 2:20pm
a
Quoting njokie
eu free trade, {image}
And FREE it was

oh well NEXT

======================================================
ps: if we know a thing or two about SIMPLE elliott wave.. (not the complex way just 1-5 abc)
just an idea for those who might see what I see... See where this NEWS Spike bounced off...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB


Now if you also checked the H4 Chart... its even more interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 51 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,939
  • Aug 12, 2016 2:30pm Aug 12, 2016 2:30pm
Quoting dustbin
a {quote} And FREE it was oh well NEXT ====================================================== ps: if we know a thing or two about SIMPLE elliott wave.. (not the complex way just 1-5 abc) just an idea for those who might see what I see... See where this NEWS Spike bounced off... {image} Now if you also checked the H4 Chart... its even more interesting. {image}
After the fact it is easy to see or where you able to trade on it in realtime ?

Best regards
  • #10,940
  • Aug 12, 2016 3:16pm Aug 12, 2016 3:16pm
Quoting jgadefelth
{quote} After the fact it is easy to see or where you able to trade on it in realtime ? Best regards
That Target area could have been drawn around the 5th of August? Enough time? and then to create confluence, the next target area would be drawn on H1 time frame probably last night

but we are not here to catch these small winners, not necessarily, we are here to catch the big ones. so perhaps working towards a target area like this on a daily time frame would be something to consider... food for thought // wishing everyone a great weekend.
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
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