Look for your next trade. Move past the mistake, which will happen from time to time. With your GBP/JPY theory, if we bounce off the bullish trendline line then we could be looking quite higher, however todays momentum may smash through that ...

Trading Journal

Damn annoying laptops mouse — Well my friends where do I begin. I am no techical computer person, so having a laptop with a mouse that I do not use didnt faze me until recently when typing posts, my finger would sweep across it, put it over ...

The DIBS Method... No Free Lunch continues

For sure. Whilst there is greater gains to be made, over naturally a longer time frame, there are also greater losses that could stem from allowing a trade to mature and taking some profit off the table is a way to soften a blow if it were to ...

The DIBS Method... No Free Lunch continues

GBP/JPY — I took 1/2 profit at 143.40 for 300 pips. I will now leave the rest to play out. If I get stopped out then my loss with only be 100 pips and not 400 like originally. Im just trialling this atm to work out what works best (if anything ...

The DIBS Method... No Free Lunch continues

Nice poiint. I went and had a look at my chart and for some reason the weekly low candle was about 80 pips higher than the low created Wednesday. I refreshed the weekly chart and low and behold the extra 80ish pips popped up. It is a Dealbook demo ...

The DIBS Method... No Free Lunch continues

Weekly Dib — I have taken the Weekly dib on the GBP/JPY. The risk was much smaller this week due to a tighter range last week. I am currently in and up 70 pips. I will keep you posted on this. BTW it is on a demo account with a larger balance ...

The DIBS Method... No Free Lunch continues

Heres the fact. More people loose money and ultimatly blow accounts for these reason: 1. Attachment to money. Emotional unable to execute and follow through 2. No Trading Plan. Random market entries 3. Under capitalization. speaks for itself 4. Fear ...

The DIBS Method... No Free Lunch continues

Wow, not sure on your source of information but to say you need a minimum 300k in order to trade full time and for a living is quite rediculous. There are far more factors that you have neglected to weigh in. Also the fact that you talk of the ...

The DIBS Method... No Free Lunch continues

rough info on weekly's — I have gone back through the 2008 year for the EUR and GBP USD crosses and had a rough (i repeat rough) look at the Inside Bars that occured. Now all i did was record the date of the IB, whether the next candle ...

The DIBS Method... No Free Lunch continues

I dont trade fridays most weeks. Its not to say that fridays are less profitable, but london open is around 3 in the arvo and by that time I opened my first weekend beer (weekends start at 3 on fridays) so I just turn my charts off.

The DIBS Method... No Free Lunch continues

My friend it takes optimism to set goals and dreams, it takes dedication and perserverance to embark on the realisation of that optimism. 95% of people fail but it doesnt state that of that 95% how much is total failure. Yes 5% make it and trade ...

The DIBS Method... No Free Lunch continues

Absolulty, it would be nice to trade that TF but at the moment it is clearly a no go (unless for some reason a week passes and market stays below a 100 pip range). The post was to point out the value, that the higher the TF the greater your chance ...

The DIBS Method... No Free Lunch continues

I use some common sense and direction of the IB. For example if there is an IB that closes the day bearish, then my bias for the next day is bearish, bullish close then bias is bullish. Depending on the situation (ie near S/R, trendlines etc) I may ...

The DIBS Method... No Free Lunch continues

This is nice little thread you have going here. Your trading is coming along and whilst you have had some hicups just remember to trade your plan. All methods/strategies go through some phases like this. It is those who stick to there guns and ...

Trading Journal

Here is the USD/JPY Weekly — Here below is a snapshot of the USD/JPY WEEKLY chart with all the Inside Bars marked with an arrow. Now my trade plan for the higher TFs is to give bias to the direction of the dib and greater bias if the direction ...

The DIBS Method... No Free Lunch continues

Thank you Dale for you kind words. It is my intention to build from the base. It would be nice to have a 50k account and trade it but realistically I am no where near that. You can build a house without the foundation and you cant build the ...

The DIBS Method... No Free Lunch continues

Question 1> I trade the majors only, with the exception of the EUR/JPY. The best pair, but also the most patience required is the EUR/USD. It is the best trending currency due to the volume it holds. I have made most of my profits on this pair and ...

The DIBS Method... No Free Lunch continues

Im not looking to prove anything to anyone and whilst my results for the past 2 months have been great it is only due to my discipline that I have adhered to in that time. I have self belief that this is something that can be achieved. I am not ...

The DIBS Method... No Free Lunch continues

you know this week i have tried to put on the Forex if I loose a trade just get over it and move on, but for some reason it is a material thing that is broken and I need it to move on. Forex rocks because whilst yes some trades may cost me as much ...

The DIBS Method... No Free Lunch continues