Got slaughtered today, -550 or so pips but on micro lots so no biggie I had some -700 pip days before on demo but a couple good trades almost always outweigh 4 or 5 bad trades My losses were from gbp/jpy both long and short trades, and usd/jpy ...

The DIBS Method... No Free Lunch continues

Of course, I wasnt blaming the system for those losses. I was going against the systems rules in so many ways that rereading the rules I'm suprised I had profits. First, I traded currencies that were not recommended. Second, I was using incorrect ...

7am-9am Big Dog USD Breakout Strategy

1. I still start looking for setups after 05:00 GMT 2. I have that same issue with his indicator, so I have a template setup with everything so all I have to do is click the template icon on the toolbar and select my template.

The DIBS Method... No Free Lunch continues

anyone else catch the eurusd that happened an hour ago? I was playing a game while I had the pending orders set, exited and saw the trade was already a free trade. Moved SL to lock in 65 pips

The DIBS Method... No Free Lunch continues

Short setup developing on usdchf, pending order set

The DIBS Method... No Free Lunch continues

Indeed, I'm kicking myself for not just going into GJ manually when I saw it hit the entry level. GU is now a free trade, GJ would have been one a while ago. Still a few more currencies that can give some signals tonight though

The DIBS Method... No Free Lunch continues

I took the GBP/USD long, just going up and down.. not really going anywhere. I tried to get the GBP/JPY but my script didnt grab it on time. I was thinking about just shooting for the shorts today too, but decided to see what would happen with ...

The DIBS Method... No Free Lunch continues

I just wrote some MT4 scripts to help the execution of DIB Trades. When you see a setup, if its short you double click DIBS_SellStop and it will place 2 orders, 1 sell stop with a TP to breakeven and SL at the high of the previous bar. The other ...

The DIBS Method... No Free Lunch continues

G/U was a nice trade, too bad I missed it! E/G was good too. I've been watching strictly E/U for trades, or looking for a dream G/J trade (40 pip risk or less, lol) Edit: Does everyone just enter pending orders manually with quick fingers or are ...

The DIBS Method... No Free Lunch continues

Interesting discussion going on now. I realize there are some big flaws now in this system, especially on re-entry you will end up paying higher spreads overall and it gets to being counterproductive after a few times. Another thing I read about ...

Buy/Sell Stop MM Strategy?

Yep, I reread that. I didnt reenter when it crossed again, it did hit my 20 pip target. But still that would have been just a 5 pip profit for the day. Tommorrow should make up for it, I'll use the 15 pip trailing stop intead of a 20 pip target.

7am-9am Big Dog USD Breakout Strategy

Most likely, I'm going to re-read this thread and rehash the rules. I checked the main trend which was going down, and the open today was under the pivot point so I figured a short would be safe. I'll call it a day though if the rules state I ...

7am-9am Big Dog USD Breakout Strategy

-15 on EUR/USD today so far, false breakout by a few pips Waiting to see if the real breakout happens after it retraces.

7am-9am Big Dog USD Breakout Strategy

Thanks, noticed that today. I'll readjust the TL/SL on that pair. EUR/USD was +20, GBP/USD was -15 Re-entered EUR/USD (bad call).. -5 right now and still running. Should have probably just stuck with the +5 pips today. Lesson Learned. Update: ...

7am-9am Big Dog USD Breakout Strategy

Thats the angle I'm shooting for too, I want to try for 20 pips a day average and add more lots as my capital grows. I read about the 10 pips to shoot for, I'm trying 20 just because I dont like having to have 2 trades to make up for 1 loss. However ...

7am-9am Big Dog USD Breakout Strategy

Has everyone been staying out of the market right now, waiting for a better entry, or are you all treating it as a downtrend at the moment?

Jacko's Forex House of Pleasure and Pain

15 pips may have been a tight stoploss, it just skimmed it and shot right back up. You can see the one candle that caused my SL to get hit and how quickly it resumed the breakout.

7am-9am Big Dog USD Breakout Strategy

EUR/USD -15 USD/CHF +20 EUR/USD +18 AUD/USD -15 GBP/USD +20 Total: +28 pips Noticed a false breakout on the EUR/USD so I manually reentered, the rest were simply pending orders that I let ride. First day trying it out on a demo account, I think I ...

7am-9am Big Dog USD Breakout Strategy