it was boring as sin...................

The DIBS Method... No Free Lunch continues

i am experimenting with 1mini contract/5000 of account equity - I only play 2 pairs at the moment

The DIBS Method... No Free Lunch continues

still sitting long in GU......... — 2 position - both entered aren 1.5280ish.........Neither were closed when trade went 1:1.........lets see how far this will or wont run............would love to be able to add another position tomorrow if an ...

The DIBS Method... No Free Lunch continues

if you are playing PC rules.........just follow them........there is no such thing as a trailing stop or BE point if you go at it that way. Read the attached article to give you an idea of the power of trend trading

The DIBS Method... No Free Lunch continues

do yourself a favor before you get all wound up. Get a good understanding of the basics of trend trading, money management (your size needs to be a lot smaller than you think) and the importance of the concept of expected value. Learn to think in ...

The DIBS Method... No Free Lunch continues

U/J is finally done — Closed out this trade with about 600 pips of profit - 2 of the 5 positions stopped out for a gain of 0 and the end of day close broke thru the MA I was using for TP target This was about a 5 to 6% gain for the account ...

The DIBS Method... No Free Lunch continues

I love when people come in here and either pump/discredit a method without actually stating their testing parameters. Given all the permuations that I have seen of this very simple trend following system, how in the world could anyone assume that ...

No Free Lunch but all the Free Coffee you can drink

Matt, I only trade IB's on daily charts, so I am more hypothesizing than anything else about H1 IB's - but as far as you statement being true, you would have to back that up with something more than your opinion - as you have indicated. It may be ...

The DIBS Method... No Free Lunch continues

no, you do not use the pre existing stop. Every IB trade must stand n its own, with its own SL price, you just continue to add on as the trend continues. My approach to trading IB's may be more Turtle-sque than PC's was........... Once you have ...

The DIBS Method... No Free Lunch continues

Im not talking about initiating new positions, I am talking about adding to existing ones....

The DIBS Method... No Free Lunch continues

I forgot that Nathan found another edge.....maybe this is it, but truth be told, my experience with most traders (regardless of their time frame) is that they don't have the patience to hold trades, relative to the length of the time frame they are ...

The DIBS Method... No Free Lunch continues

Profit Factors — In one of his posts, PC mentioned that someone did some massive testing on hourly IB and got a profit factor of between 1.21 and 1.27. Do you think you could get a higher profit factor by playing every IB over a 24 hour period ...

The DIBS Method... No Free Lunch continues

still long in the us/yen — up about 850 pips at this point........all risk free............5 positions.......depending on what happens tomorrow, may have set up to at a 6th position....... Am also long the G/U off of the 2 IB's that formed on ...

The DIBS Method... No Free Lunch continues

exactly...... When I did my testing, I did not make the assumption that the relationship between D1 and H1 was the same between say D1 (what I use to enter) and M1 (the monthly open). additionally, the same daily patterns of liquidity have less of ...

The DIBS Method... No Free Lunch continues

no........i do not use the monthly open...........period......maybe i should, maybe i shouldnt......have never really looked I use my the MA that I use as a trailing stop as a buy sell line. if price is above the MA, I enter long, if it is ...

The DIBS Method... No Free Lunch continues

you either... — know how to trade or you don't.........relative to your time frame of choice. While on the shorter term, the nuances of any broker may impact your trading through such things as widening spreads and hanging trades, to "blame" ...

FXCM Discussion

I suspect we come at trading from similar perspectives. I read thru the FS and FSP documents again. Just seems to stipulate the prior weeks range. If someone changes the how the system exits, but sticks to this change, it is still a mechanical ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

are you saying he uses the monday london open to NY close to determine his range? In the past have just been using the weekly candle. I will read thru joel's material to see if that was an error on my part, but i doubt it, because I have yet to ever ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

I have been playing every week since october. was in drawdown by about 30%....packed on 12% last week. This is a small acount that I am looking to compound over years, so I am not too worried, my only concern is that my sizing is too big - even at ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

I day trade equities with direct market access and trade FX long term from home. At the end of the day, regardless of time frame, you either know how to trade or you dont. Time frame is irrelevant or at least a secondary consideration. There is no ...

FXCM Discussion