If/when it rises up to 1.37, how would you play this again? I'm really interested to know your thought process. If it shoots past 1.37 also, how would you play this? I see you had the trend line in place as well as the s/r. The only thing I am a ...

DanUK Trend Trading Journal 2010

Yes it does and thank you! I always liked the simplicity of Mr Jackson, which is why I was interested in your journal. Best, K

DanUK Trend Trading Journal 2010

Yeah, I suppose you're right, but then are you? It seems rather "mechanical" to me, but hey GOOD LUCK!

The DIBS Method... No Free Lunch continues

Also, if I were trading this method, I would look at Elliott - specifically ABC corrections and wave 3 counts (you may have seen something similar in some of your most successful trades). Once you are on the wave - it's plain sailing really. EUR/USD ...

The DIBS Method... No Free Lunch continues

Good luck Razor Trader. Wish you all the best (and followers) with the Dibs method.

The DIBS Method... No Free Lunch continues

With the greatest of respect, my areas of fib would have been 61.8% between 135.30 and 137.37 (3 and 5 March 2010) and 34.33 and 37.38 (2 and 3 March 2010) - again 61.8% on 4H.

DanUK Trend Trading Journal 2010

1.3550 — Hi Herzog, I got in at above level - must be glutton for punishment. I am using the same s/r levels as yesterday, although some of my time has been distracted on the dibs forum - "Do It Better" system - prickly bunch!

DanUK Trend Trading Journal 2010

I think you'll find the results interesting. Thank you for your comments IC. With the risk of posting too much, I think I'll fade for a bit now. Best wishes everyone and thank you for "accepting" a new member into your forum. Knight Rider

The DIBS Method... No Free Lunch continues

Great Trade — Well done Razor! I first posted on this thread because I liked your style. I gave this technique a go and found it all depends on which pair you get into and at what point of the trend you enter. Does this make sense? I think you ...

The DIBS Method... No Free Lunch continues

Hi Dan, Just been on the dibs thread - interesting team! I wonder if the s/r will hold up again? I wonder whether 1.37 will be breached in the not to distant future? Good trading by the way - I'm beginning to understand your set up. I like your ...

DanUK Trend Trading Journal 2010

Accepted. Thank you. K

The DIBS Method... No Free Lunch continues

Know one thing for sure — It's 8.30am GMT and I'm writing this in real time. Okay, here's the point. What percentage of traders do you think use stop losses and what percentage of traders over time lose? I'm willing to bet it is a similar ...

The DIBS Method... No Free Lunch continues

Thanks Razor - I know you are being kind in your comments above and I appreciate that. I understand everything you have said above and I was going to add something which might be controversial or contrarian, however, did not join up to have pi**ing ...

The DIBS Method... No Free Lunch continues

You are correct Razor. PC has my respect, unlike some other people out there. It always amazes me how people jump in without knowing the slightest of someone else's background. I'm not here to brag, just to learn and contribute - and yes I have a ...

The DIBS Method... No Free Lunch continues

Pull out all the stops — Peter, I know this might sound ridiculous, but have you ever come accross anyone who was never prepared to enter a stop loss and was massively successful. If the currencies range nearly 70% of the time, using perfect ...

The DIBS Method... No Free Lunch continues

Peter Crowns — Hi razor, Am I right in saying that you only trade the IB when it is in the same direction of the long term trend? I think PC traded IB's once he had got into the long term trend. Everytime he traded in the same direction (with ...

The DIBS Method... No Free Lunch continues

long nose — 5 Minute chart (I know, not a good long term indicator - just a quick scalp). At GMT 15.05 looking to take trade - long liar nose. Used fib (50%) to exit trade at 278 (drew fib from 311 to 248 - 5 minute chart). I am trying to take ...

DanUK Trend Trading Journal 2010

ucad — Just hit 50% retracement (311/248) on 5 mins (EMA 50). I'm out of this one too for 30 pips.

DanUK Trend Trading Journal 2010

Long Eur — No response so went long at 3545 with target 3592 (fib retracement). It hit target - all out for 47 pips. Close call! Would still like to know if I should have used s/r at around 3545 or waited to lower s/r at around 3450. Would be ...

DanUK Trend Trading Journal 2010

Thank you for your timely replies. I really do appreciate your comments. I was wondering whether you would ever pick an s/r around 1.3545, if you didn't have a trade on it. I saw some support around here and wondered if you thought the same. I am ...

DanUK Trend Trading Journal 2010