PUMMELED yesterday, that was an ugly day for DIBS. On 3 of my trades we got OB which got me in with about 5 pips of profit and reversed quickly. Such a YoYo month so far. Stick in there. Razor

The DIBS Method... No Free Lunch continues

Sorry chart didnt attach

Razors Journal - Basic trading with PA at S/R

Chart to clarify — On the DIBS thread there have been a number of questions relating to what level we are looking to trade above or below. I have added a chart that might help to clarify Razor

Razors Journal - Basic trading with PA at S/R

Chart below to clarify Razor

The DIBS Method... No Free Lunch continues

The breakout only seems greater because of the small risk in the initial trade. You can have the same breakout range on a higher risk that doesnt appear to be as big, only because you are looking at it against a larger IB. I love the small IBs ...

The DIBS Method... No Free Lunch continues

2 positions added — Long AUD JPY already went 1:1 almost immediatly and added long to the USD/JPY whilst it is heading that way Razor

Razors Journal - Basic trading with PA at S/R

Good to hear m8, I have been active alittle more these past 2 weeks so I have had more trades. i try to mention as many of these as possible here but with the group being quite active my time is either there or looking at charts or reading books. Im ...

Razors Journal - Basic trading with PA at S/R

Current Posis — New - EUR/GBP short FT at the moment USD/JPY short FT (1.2:1) and up 150 pips USD/CAD Long FT (1.4:1) and down 20 Overall good results so far this week

Razors Journal - Basic trading with PA at S/R

Got short EUR/GBP

The DIBS Method... No Free Lunch continues

You could have taken it long and argued the fact or you could have a short set up for later. I like the thought of it going up a little, giving me an IB and potentially shorting that. it would go against the rules slightly in that the IB has formed ...

The DIBS Method... No Free Lunch continues

Sleep whats sleep

The DIBS Method... No Free Lunch continues

Yes that is correct. I give more emphasis with a trend trade then against, but i will take both. There are times when a counter trend trade can yield very good results, and the best part is more often than not the only damage is 1:1. With regards to ...

Razors Journal - Basic trading with PA at S/R

I got in last night with a 13 pip overall risk, now up over 160 pips. We may form a hammer on the 4 hourly and see some move back. Ill be trading the direction of the open regardless

The DIBS Method... No Free Lunch continues

I found this rather interesting — I recieved an article from a trading friend which is available at Black Swan Capital. It mentions in there the total amount of money commited by the US and EUR governments. I have cut and pasted it below. FX ...

Razors Journal - Basic trading with PA at S/R

A see saw affair — yesterday saw some good IBs on alot of pairs with some great moves. I took 5 trades in total, 2 losses, 1 manual close for 0 pips and 2 trades went better than 1:1. currently in USD/JPY short which may see some continued ...

Razors Journal - Basic trading with PA at S/R

took the IB long (has been stopped out now though) Im looking more at the weekly. The daily we just broke (albeit just) the latest high. There is tons of room to the upside on the weekly and daily only has some marginal resistance areas. Im looking ...

The DIBS Method... No Free Lunch continues

im loaded up EUR/GBP short USD/CAD long USD/CHF Long Provide USD/CAD is running ill be looking at adding some silver shorts aswell. Looking for more as we go but the above are pretty heavy at the moment. Razor

The DIBS Method... No Free Lunch continues

Weekly outlook — Looks very good, we appear to be at the top/bottom of some swings and reversals may be the order of the week. This is a time where we can hold some trades and take much nicer cleaner profits especially if you can get some ...

Razors Journal - Basic trading with PA at S/R

this week — This could be the start of a very good couple of weeks. The weekly charts appear to have room to now swing and we are starting to see it early london already, continuing from asia. The markets are moving and we look to be at the ...

The DIBS Method... No Free Lunch continues

Hi fellow Aussie Each day stands on its on legs on the hourly charts. So once the london candle of that day closes we are taking trades above or below that close point. What I do is at the end of opening candle I put a horizontal trendline at the ...

Razors Journal - Basic trading with PA at S/R