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- Shefa replied May 22, 2008
Thank you very much, Robincys, Interesting, and worthwile(?) to check it. I shell do it tomorrow. Shefa.
The DIBS Method... No Free Lunch continues
- Shefa replied May 22, 2008
Hello HT, Thanks for your words. I am afraid, trading is more like a game for me, than like the "real thing". That's why I try all the currencies. In a few days, I belive I shell choose myself the right once, regarding that strategy. I had a very ...
The DIBS Method... No Free Lunch continues
- Shefa replied May 22, 2008
So, S.L. was hitted, and I am 2x-24pps = -48 pps at the beginnig of the day. Just sharing............ Shefa.
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- Shefa replied May 22, 2008
You are right. I laiter(?) recognized it was the 1.9700 point, and also touching the 20 EMA from above.. At the moment it does not look so good - a bed way to start the day....... Where is god ? Shefa.
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- Shefa replied May 22, 2008
Here is the chart of my GBP/USD SELL trade.
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- Shefa replied May 22, 2008
It is now about 05:00GMT and there is an IB in the G/U chart. I drew the open line for that hour.The next bar started v e r y close to the bottom of IB, so when the price droped, I took the SELL. I have read the posts regarding S/R lines and so on, ...
The DIBS Method... No Free Lunch continues
- Shefa replied May 21, 2008
Good Morning HT, Thanks for your remarks. Personaly, I do not like the SAR indicator. But, as you mentioned it, I put it on the USD/CHF chart, and it did do the work. This trade of mine was stoped with 30 pps trailing and yielded only 18 pps, for ...
The DIBS Method... No Free Lunch continues
- Shefa replied May 21, 2008
You right about the no-stoploss strategy, but it is fun, and is a pleasure on a demo. At the moment, I consider the strategy to work best in London session. For thas reason, I felt sory that I have entered that Cable trade, which started at the USA ...
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- Shefa replied May 21, 2008
Hi Jim, You are absolutly right regarding watching the losses. Thanks. I invite you to watch the EUR/USD, now that the USA session has started. many times it is change the market direction. See whatwill be today.... Shefa.
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- Shefa replied May 21, 2008
Hi Jarroo, Thank you for your warm words. But you think too positivly about me. There is another strategy which I am checking, that do not use stop loss. This is a very stupied thing to do, but before I met that thread, this was the strategy which ...
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- Shefa replied May 21, 2008
NNNNOOOOOOOOOO !!!!!!!!!!!! I am waiting for it's retracement(?), as there are indicators which sign so. At the moment the situation is -111 pps. Enterance was at 1.5647, and I expect it to arrive it, or at least come closer. If I have calculated ...
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- Shefa replied May 21, 2008
Hello Jarroo and Bogus, I just have realized now, that the MT4 platform of Crown Forex changes the bars 2 minutes before an hour is ending. That is why only I saw an "IB" this morning. At least something good happened this time..... Also, there is a ...
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- Shefa replied May 21, 2008
Thank you HouseTrader for your support. In the USD/CHF I am profoting. GBP/USD did not move much - probably also worried about the news. Bonapetite (?), Shefa.
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- Shefa replied May 21, 2008
Hi Jim, Hope you understand the chart. You can see the green entrance line a little bit bellow IB bottom, and red S.L. line a little bit above IB top. Thanks for your help, Shefa
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- Shefa replied May 21, 2008
No, 09:00 GMT. I shell send you the chart in few minutes. Shefa.
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- Shefa replied May 21, 2008
I think, also USD/CAD, if you trade it. Thanks for your reply. I put Sell orders, and wait.......... Shefa.
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- Shefa replied May 21, 2008
Hi Jim, There are several IB's created just now. Do you think it is too late to consider them ? thanks for your reply, Shefa.
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- Shefa replied May 21, 2008
A little before 08:00 GM there were two IB's - EurUSD and GBP/USD. I forgot that the news will come at that time and was not in a hurry to put S.L. and T.P. As the result of it, I did not put the s.l. of the SELL quick enough, the sell was hitted, ...
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- Shefa replied May 21, 2008
My GBP/JPY trade has been closed: +18pps of the 1:1 ratioo, plus +20pps at s.l. The trade arrived +50, but then 10:00 GMT came and the direction was changed. I did not was in the market by a mistake, at 05:00. I have noticed that at that time there ...
The DIBS Method... No Free Lunch continues
- Shefa replied May 21, 2008
I see that there will be no IB at the End of that hour (I don't a NZD/USD chart in my platform). Any one disagree? Shefa.
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