Good morning all. Just entered a short trade in UCHF and have a pending short in UJ as well. Lets see how they play out.

The DIBS Method... No Free Lunch continues

I would say we are in a range in the shortterm, and very close to the major downward trendline. On the weekly chart it looks like a flag even. If the midterm uptrend from mid-March is to continue we need to break that trendline, otherwise we might ...

The DIBS Method... No Free Lunch continues

Your risk is always the range of the IB + 2 pips for just over and below the IB + spread. So you are risking 19pips for both buy and sell, the difference is where you put on the spread. In a buy-stop you add the spread to the entryprice, in a ...

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Buy example: IB with range 103.95 - 103.80. I want to buy 1 pip above and my SL is 1 pip below, spread is 3 pips. This will be a buystop, price is 103.99 (103.95 + 0.01 + 0.03) with SL at 103.79. Sell example: Same IB range gives a sell stop at ...

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It's ok to be patient, let the trades come to us - dont chase them. You could have taken the trade based on other things: trendline, the resistance at 104.00 which is also a round number, and the overall trend.

The DIBS Method... No Free Lunch continues

German Consumer Confidence came out really low compared to the forecast and thats probably why Euro has dropped, dragging along CHF and GBP with it, but the USD is stronger against all other currencies as well and that german report cant be the ...

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It would have been nicer if I was awake . What about the dollar strength now? Anyone knows?

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I have also been looking at the open at 0000GMT for the yen pairs and here are my charts for this morning. 2 IB's on GBPJPY, where the first one is a loss (might have been filtered out if you stayed with weekly open as well) and the second now is in ...

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Looking at your chart that IB seems to have a lower low than the previous bar which does not qualify it as an IB.

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I read that too and did some quick calculations and found that strange as well. With a 10k account and 50:1 leverage could you really enter more than 1 standard lot per trade without risking too much? I dont think so, so 1lot per trade, 2 trades per ...

No Free Lunch but all the Free Coffee you can drink

What you are saying is true when you enter with a market order. When you put a buystop (or buylimit for that matter) u must include the spread in the price otherwise you will be entered at the wrong price, same when you put a stoploss on a sell - u ...

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Here is my chart for the Swizzy. Price recently broke through the upward trendline (yellow) which makes me bearish. But we are also at a major support-area tight now, and we will see what will happen tomorrow. Today might very well close as an IB ...

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This is the last time that I will discuss this (because we need to concentrate on more important things) but here is how I found my daily open. I have looked at Peter's charts and have compared them to my charts. If everyone does this the confussion ...

The DIBS Method... No Free Lunch continues

Overall a very nice day yesterday, I closed all my trades just before the US housing news because I was going out and it's Friday and I never leave positions over the weekend, and came away with some nice pips. One thing that I want to ask you guys ...

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My platform shows the same high and low of the IB as yours, but I put on 1 pip on each side. This is so it has broken out from the IB range and if it were to come back I give it one pip to the upside so I dont get stopped out when it makes a ...

The DIBS Method... No Free Lunch continues

You too! Im off for the day as well. See ya'll later.

The DIBS Method... No Free Lunch continues

Aussie freeeeeeeeeee, thats 3 out of 3 in the free. I dont think I've ever done 3 winners in a row... Thank you Jarroo and PeterCrown. Now we need to learn more and be more consistent

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CAD shot through 2 min to early an no entry... UJ free now

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The US session will be good I think, UJ almost free ride now, went long on the Aussie, and Cad is forming a TMLTB for a very small risk too

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UJ in at 103.48, SL 17+3

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