image This is the monthly chart, with the peak Brexit price of 1.5018 circled.

The DIBS Method... No Free Lunch continues

image The daily chart of CABLE, dating back to the start of the year. image

The DIBS Method... No Free Lunch continues

image CABLE, AS OF THE END OF THE LAST WEEK OF APRIL: image Now we'll see if a short-term DIBS trade will survive over the weekend...

The DIBS Method... No Free Lunch continues

Here's the year-long daily chart... image Is anyone else expecting that there will be a sudden crash, like the one that occurred after the Sunderland vote?

Cable Update (GBPUSD)

image So, anyway... does anything think that we are about to enter a short bull rally just prior to April 12th, not unlike the Brexit vote... image when the announcement of a final deal will send cable plummeting, like the Brexit results from ...

Cable Update (GBPUSD)

Peter Crowns recommended these four pairs: EUR/USD GBP/USD USD/JPY USD/CHF These pairs have the most volume during trading sessions, on average. image

The DIBS Method... No Free Lunch continues

I moved back to Canada in Dec. 2015 and proceeded to close my old GFT account and sign up with a new broker in Canada. There were plenty of firms (such as OptionsXpress) that flat-out said they don't do business with Canadian retail clients, and the ...

Canada now worst place to be an FX Trader, kiss overseas brokers goodbye

I THOUGHT OF A NEW IDEA. Suppose it is not strategy, but intention, that drives people to become successful traders. I remembered this passage from Chapter One of Fooled by Randomness. It's about a guy who visits the Chicago Mercantile Exchange and ...

The Big secret to trading success

DIBS stands for Daily Inside Bar System.

The DIBS Method... No Free Lunch continues

Before everyone gets upset at me for making false claims, I'd like to repeat: those results are NOT my results. I found them on a website and I thought I'd share them with you. If people think it's all b.s., then blame the original website. Blame ...

The Big secret to trading success

I presume that there's a bit missing; there is a link in the image I posted, which I'll repost here: url I should point out that I don't know if it's possible or not; FWIW, I have NOT tried it yet. I merely posted it to draw people's attention to ...

The Big secret to trading success

Actually, in the conversation, the client owned 2,000 shares of "Siebel Systems" (which I think was bought up by Oracle). He wrote covered calls on those shares. It's one of the first strategies that are discussed in this highly-recommended book: ...

The Big secret to trading success

I found two images from page 1 of this thread that explain what a "free trade" is. image So, we have a price chart, we have the "opening price", taken at 0600 GMT, and we have an IB and a stop-loss price. We want to protect our capital, so that IF ...

The DIBS Method... No Free Lunch continues

As of 9:30 am (NY time)... image

USD/JPY Discussion

N.B. The third column of numbers represents the actual announced figures: image

USD/JPY Discussion

A REMINDER: The last two months' predictions were way off (graphic from Zero Hedge): image Source: url

USD/JPY Discussion

The word from Bloomberg (and others) regarding this morning's NFP numbers: image A screenshot of the USDJPY last night (1H): image A screenshot from just before 7 am (NY time): image

USD/JPY Discussion

I thought this might be of interest... I realize people have their own special trading techniques for choosing entry and exit points, but I found a website with a decent discussion about selling covered calls. I took a screenshot, 'cause that's how ...

The Big secret to trading success

I thought this might be of interest... I realize people have their own special trading techniques for choosing entry and exit points, but I found a website with a decent discussion about selling covered calls. I took a screenshot, 'cause that's how ...

Let's Trade Options

image Well, I hope everyone avoided the "Brexit" avalanche in cable, EUR/USD etc. Before the biggest one-day drop in GBP/USD's history, there were a few DIBS trade set-ups in the aftermath of MP Jo Cox's tragic death on the 16th. The pound had ...

The DIBS Method... No Free Lunch continues