New Trades - let see where they go — Daily IB's Short on the G/U (again) - in on March 19 off the March 18 IB. Already closed 1/2 the position as the trade went 1:1. 2nd half sitting at about 200 pips USD yen - have been stopped out of two ...

The DIBS Method... No Free Lunch continues

Much thanks I havent done any testing on the A/U - however, what I can say is that another key to this strategy is not to hit different pairs haphazzardly as you lose any edge to the method. If you always play a particular pair or play 2 pairs ...

The DIBS Method... No Free Lunch continues

Will have to calculate it later today. After I did all my back testing, I actually stopped calculating R:R as I was not trading single positions with DIBS so R:R became a little misleading. For example on this trade, I had 4 positions, 2 were around ...

The DIBS Method... No Free Lunch continues

Closed this trade.... — Trade hit my stop loss...........about 2400 pips in total on the risk free portions of the trade

The DIBS Method... No Free Lunch continues

I think you need to be a little more specific in your parameters........what time frame were you using? Did you have any entry filters? What pairs were you playing. Did you build positions? I back tested two pairs, daily charts, medium term MA's as ...

The DIBS Method... No Free Lunch continues

I dont really pay attenting to SR lines for a few reasons.........one, they are subjective and two, if my trade is going to do what I am looking for it to do in the long run.........it is going to break thru S/R. All of my back testing was done ...

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And here we go.... — looking to build a long U/J position starting with this IB..........half the position will come off once the trade goes 1:1 and don't say I dont throw up any pics........... (G/U short still sitting around 2950 to 3000 ...

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anyone can look at a chart and see where a trend is or isnt......the challenge is measuring off risk.............

The DIBS Method... No Free Lunch continues

James996 I'm coming at this from the perspective of a student learning to trade. What I found is that the longer time frames gives me fewer opportunities to blow my bankroll than by taking every opportunity I see (or think I might see) on the ...

The DIBS Method... No Free Lunch continues

based on my back testing, I know what my drawdown potential could be and I also know what my psychological limits are. I am also willing to bet that that the 3400 pips of profit I am sitting with on my GU short is more than most people ever earn ...

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there is a difference on risking 2% on a position based on a daily chart and a 1 hour chart - your trading opportunties are much more infrequent on the daily charts..........

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Bingo.........there is your mistake in logic you never know when the trend is going to start. I think I had two stop outs on the entry IB's before the market started to trend. Now maybe if you had done more backtesting than I did, you could say that ...

The DIBS Method... No Free Lunch continues

trends are always obvious in hindsight, so I am not really sure what your point is........sometimes markets trend, sometimes they range....if you know how to tell when a market is about to trend or range, then you may have the holy grail, until ...

The DIBS Method... No Free Lunch continues

playing without a SL is like have lots of wild casual sex with random strangers without adequate protection.........it seems like fun at the time.......

The DIBS Method... No Free Lunch continues

still working that short..... — GU - about 3300 pips at the moment 4 open positions. all risk free I am posting this not so much to say how wonderful I am at spotting a trend, but to give a little back to thread that helped me see the ...

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Since almost all pairs trade relative to the USD, I play the G/U and U/J to diversify my geographic exposure. In the future I may see which pair is a good proxy for oil I take every IB on my trend.........that is my position management

The DIBS Method... No Free Lunch continues

the other issue is that people dont understand how to build positions using IB's to measure off risk. If you only play one position at a time, then yes, you will not make money with this. you see it on this message thread where people will say i ...

The DIBS Method... No Free Lunch continues

GU still running......... — close to 3000 pips now As this is just a small challenge account - the goal is to blow it up using dibs for the next 5 years, right now I am sometimes risking upto 6% a position

The DIBS Method... No Free Lunch continues

you are using dibs to build positions. This is analogous to putting up your ante for a poker game, you arent putting on one position and seeing if it turns out to be a winner.... Would I play hourly dibs with 2 to 3% risk a trade, probably not, but ...

The DIBS Method... No Free Lunch continues

The major difference... — between taking half the position off at 1:1 or not is in the way it impacts your drawdown - as previously stated by PC Removing half @1:1 smoothes the equity curve and lets you use bigger leverage. Not talking half ...

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