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PistolDave replied May 9, 2009Want to join your group — Hi Strat & everyone, This is my first post on this excellent thread. I've been studying your ideas on this thread from the beginning, and I'm only half way through so far. It's been very exciting to see the teaching ...
Strat's Long Term Stress Free Trading
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PistolDave replied Apr 29, 2009... and the game is: whatever can be done to the price by the brokers, banks, funds, big traders, etc. that will make the market move the most. That makes them the most money. Logic be damned.

Poor GDP number and dollar rallies??
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PistolDave replied Apr 28, 2009The fibo levels are in the MT4 platform toolbar already.
1 trade a day
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PistolDave replied Apr 24, 2009Hi PowerTrader. Thanks for sharing your method and describing your trades in detail. I've started focusing more on s/r, trendlines, and pa over the last few months and I'm gradually seeing improved results in my trading. I'm looking forward to ...
The Zone Break Out
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PistolDave replied Apr 20, 2009------------ Razor, good start to the week! I'm looking forward to seeing your journal as you post your results. I have also been thinking about how to make maximum profits with the DIBS system. Two main schools of thought seem to be apparent as how ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 17, 2009Entry with chart patterns and TA — Here is another example of using chart patterns combined with DIBS to help us identify lower risk entries and possible beginnings of larger trends. I think the GBP/USD is headed lower, based on what I see on ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 17, 2009Razor: Sorry to hear about the damage to your mower. Hopefully, it won't be too much of a setback to your business. At least, your trading is doing well so that is something positive to focus on to keep you going. You have a good understanding of ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 15, 2009I wanted to post one more trade I took because it shows how you can use the DIBS as a low risk entry along with another strategy. This one goes against the wisdom of trading early in the day mentioned by PC, but what the hell, I think I have a ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 15, 2009This trade I entered yesterday is still open and moving in the right direction, but unfortunately I placed a second trade on that pair that was stopped out. That's OK, it's just part of it, and for some (lucky) reason price didn't knock out my first ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 15, 2009Same trade as yesterday. Wanted to post an update. Price ran into resistance as I had expected yesterday around 1.6025 - 1.6050 and held above it in congestion late through the NY session into the "DIBS open" where an IB formed. I placed a short ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 14, 2009Hit target #1 — The trade I posted earlier has just hit the first target zone. I will trail the stop now behind the 20 sma on the H4 chart and see if it hits the second target or gets stopped out. Either way it worked out quite well. I wish ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 14, 2009My way of trading DIBS — Since I mainly trade off of support and resistance levels I will show an example of where I would use DIBS as a low risk entry point as a supplement to the main reason to take this trade. I entered this trade about ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 13, 2009This is from Jaroo (post: http://www.forexfactory.com/showpost.php?p=2446370&postcount=6341 ) Please take a look at his charts on that post and read his post to see what I am getting at here. Razor, this is what I was referring to when I posted. I ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 13, 2009You mean it's Byebye bollinger bands? Move on MACD? Adios, ADX? Farewell fractals? How can I make it without my loyal friends?
fxachilies, I agree with what you are saying. Thank you very much for your explanation. It makes a lot of sense and I'm ...The System II (Yes with irony)
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PistolDave replied Apr 12, 2009And that is exactly what makes this type of trading method so difficult for everyone, except possibly a pro. To make significant profits with this you have to hang in there for the big moves. That where your profit will ultimately come from to ...
The DIBS Method... No Free Lunch continues
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PistolDave replied Apr 12, 2009Thanks for explaining. Here is the difficulty I am having with this: Sometime ago I was looking for ideas on how to avoid so many of the fake-outs and false breakouts that happen and never got a clear idea of what to do about it. The trades you show ...
The System II (Yes with irony)
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PistolDave replied Apr 11, 2009Strong move as a leading indicator — fxachilies, It appears to me that most of the trades you are showing start the swing up or down with a rather strong move in the direction of your entry. Do you look for that move first as sort of an ...
The System II (Yes with irony)
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PistolDave replied Apr 11, 2009Exit ideas... — Here are some other ideas for exits that work (sometimes): 1) Take profit at an earlier support/resistance level if it is far enough away to provide a reasonable risk vs reward. 2) Pivot lines could be used as a target. 3) ...
Yet another 50 SMA trading strategy
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PistolDave replied Apr 9, 2009I think in certain market conditons it would even work on the m1 timeframe too. Definitely will work in m5. I would suggest entering 2-3 pips above the s/r to help avoid false breakouts, and on smaller tf's you would look for small scalps of 5-10 ...
Yet another 50 SMA trading strategy
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PistolDave replied Apr 9, 2009Exit ideas — Melpheos, thanks for sharing the trading method. I'm looking at two possible ways of exiting the trade: 1) Exit trade on the close of a bar that causes an uptick in the 60 CCI when it is below/above 100. or, 2) Exit on bar close ...
Yet another 50 SMA trading strategy