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Razor_trader replied Mar 18, 2009My entry was from 1900 on my chart added below. I had position before around some number. On the daily we were at the top of a channel and breaking down and then on the hourly there is a channel beginning to form. I got my entry of the labelled IB. ...
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 18, 2009My understanding is that this system can be made to have consistant profits if you set a limit in place. It is possible also but the same token to have consistant losses. But then dont all systems. The problem with being human is we like to over ...
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 18, 2009Was knocked out of the GBP/USD trade i took earlier today and now look where she is, down 150 pips on my order price. Sometimes that just sucks
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 17, 2009Forex is a patience game. If nothing is happen (IE smaller IB inside previous IBs) then it is usually for a reason and in most wedge/consolidation periods the breakouts are strong. If you were short of the GBP/USD the you missed the breakout and you ...
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 17, 2009Well so far so good. My GBP order got hit and i missed my first limit for BE by a PIP. It must have been a changing of the spreads as when i executed my order I had a 2 pips spread so my limit was adjusted by that. However when i looked at the low ...
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 17, 2009GBP/USD — The opening candle was down so i have an order at 4026 pending (missed the opening of it before) GBP/USD short 4026 Pending USD/JPY long Current +30 pips (free trade) take care all
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 16, 2009success — First limit hit, trade is now BE at worst. Sweet and simple
The DIBS Method... No Free Lunch continues
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Razor_trader replied Mar 16, 2009first post long USD/JPY — Im long 98.35 SL 98.09 first TP for risk free 98.64 (26 risk plus spread). This is off the 4 hour chart so it falls outside the time perimeter. I like this thread and have read all peters post. He is a great man and ...
The DIBS Method... No Free Lunch continues