Weekly review Since the last post, have taken 12 more trades, mostly DIBS. Weekly result: -1.5% on floating equity as at Friday close. -3.6% on balance (not including open positions).

Trumpcard's Journal

did anyone catch the USD/CAD? looks like the hottest hand followed by EUR/AUD

The DIBS Method... No Free Lunch continues

yep IB formed on EUR/USD (and EUR/AUD and EUR/JPY). the trigger is when price breaks the low (because the IB has formed below the day's open).

The DIBS Method... No Free Lunch continues

for those who like to take DIBS trades on JPY pairs during the Asian session, check out UJ and GJ. Both slowly inching up. GJ reversing off the weekly 50fib and just shy of breaking yesterday's daily IB high UJ powering off the daily pinbar.

The DIBS Method... No Free Lunch continues

August Trade #14 — EJ DIBS long pending order at 162.56. Risk 1% Daily bounce of 365. caught between 365 and 150/5emas. TP set to 163.75 near the daily 5ema. edit: trade in play

Trumpcard's Journal

August Trade #13 — had a DIBS short on G/U. Stopped out for -1R. edit Trade 9 stopped out for +4.6R Moved Nzd/Usd to BE. edit clsoed out Nzd/USD for +0.4 R

Trumpcard's Journal

August Trade #12 — NZD/USD DIBS short (NOT using the 0600 rule). Risk 1%R. Target weekly support around 0.6800 Trade 9 locked in +2.1R or 50 pips

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Trade 11 stopped out for -1R. Woke up to find Trade 9 (UJ DIBS short) almost hit TP of 109. Was watching GJ yesterday thinking whether to enter and target the wekkly 365ema. (a good 150 pips away. Nice to see it hit the mark).

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August Trade 11 — UJ DIBS add-on. risk 1%. Entry 109.67

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have i mentioned before I love DIBS? (as long as my EU long and UJ shorts don't retrace on me!)

The DIBS Method... No Free Lunch continues

August trades 9 and 10 — Possibly overtrading right now. Trade 9 - UJ DIBS short. 1% risk. Entry 110.06, tentative TP at 109.60 around support. Trade 10 - EU DIBS long. 1% risk. Entry 1.4908 edit: Trade 10 stopped out for +10 pips or +0.31R

Trumpcard's Journal

August Trades 7 and 8 — Risked 1% each on GU (4 hour pin) and on GJ (daily 150, 365ema bounce). Trade 7 - GU stopped out by 8 pips for -1R. Trade 8 - GJ stopped out for -1R (50pip stop was too tight). Will watch for a re-entry.

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Trade 6 triggered. Currently +65. Stop moved to +24. Using a 50 pip trailing stop. TP at 0.8530 around weekly lows. Edit: stopped out for +0.65R

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August Trade 6 — Trade 4 (free trade) stopped out for -0.13R Trade 6 - placed a sell stop on AU 4hr I4B. Entry 0.8804 Risk 1%. Business confidence being released shortly. Been some negative press in the media about the economy worsening.

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EU stopped out for +0.35R. Trade 5 stopped out for -1R

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August Trade #5 — Another UJ DIBS short entry 109.67 Risk 1%

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I'm always hovering around somewhere. Still see your King of the DIBS

The DIBS Method... No Free Lunch continues

in with you Jim on UJ!

The DIBS Method... No Free Lunch continues

August Trade #4 — UJ DIBS short, entry 109.97. Risk 1% half taken off at 109.78. Free trade. Realised I majorly stuffed up by having my stop at 74pips instead of 19! Damn. Profit +0.13R! EU, trailing stop of 100 moved to 1.4983. 0.3R locked in.

Trumpcard's Journal

Alrighty! Been away from trading for a couple of weeks - actually been good. Above trades closed and/stopped out on US$ strength. Just entered 2 trades risking 1R each. Long Eur/Usd - nice gap, weekly confluence entry 1.4953, stop 1.4853, will ...

Trumpcard's Journal