The song remains the same... — ok, it's not forex....but the idea remains the same. HPQ - 1 minute chart Long at the white line off of the IB @ 9.59 - 52.36 - closed @ 52.59 Had a small loss around 9:55 image

The DIBS Method... No Free Lunch continues

I have the "you can't go broke taking profits" argument every day at work....mostly with scalpers who think that just because price has moved X%, that it can't move any more.............these are also the people who usually have a high % of winners, ...

The DIBS Method... No Free Lunch continues

all you need is a lot of capital to start with...........to still have something left after going thru the required losses

The DIBS Method... No Free Lunch continues

I use IB's @ work as well. Yesterday, I had a lapse of concentration and I missed going long off of an IB that was sitting on my Buy/Sell line (I had just gone short off of it and lost a few cents/share). The end result was that long position was ...

The DIBS Method... No Free Lunch continues

martingale and multiple positions have nothing to do with each other. Right now my MM for this is very unsophisticated. I put on 2 units for each trade - just like how I back tested with. Using a constant dollar MM - my position size would get ...

The DIBS Method... No Free Lunch continues

another chart because I am feeling charitable — Daily GU - This is not the exact chart I trade off of as the opening time and MA is different, but you should get the idea The first 2 ib's were a little tricky, well only as far as one calls ...

The DIBS Method... No Free Lunch continues

the more people that throw in the towel the better.....

The DIBS Method... No Free Lunch continues

the current state of the USDYEN — Daily chart........ the checks indicate the positions I have taken. 3 are still open. The others stopped out at BE up about 650 pips......all risk free right now I do this all day on smaller time frames on a ...

The DIBS Method... No Free Lunch continues

PC has put all these answers out there........ correct me if i am wrong, but I don't think I ever saw his say that you should exit a position as you described. Exits.............the longer the hold the better. I think it is about time that someone ...

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When you test dibs - are you building multiple positions in the same direction when new inside bars appear? what sort of exit did you use? The only issue I have seen with hourly charts is that you often miss opportunities to add additional positions ...

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MM cannot change a losing strategy into a winning one.........

The DIBS Method... No Free Lunch continues

um, but is that kinda the point of trading? you keep repeating the answer to your own question.........

The DIBS Method... No Free Lunch continues

joel breaks out the performance of his forex and silver position. Trading account equity: $ 2,816.41 Loss from previous week: $ 214.56. Silver position equity: $ 3,610.00 (Current XAG price: $16.20– 1000 unit position average: $12.59) TOTAL Equity: ...

The DIBS Method... No Free Lunch continues

i play FSP and DIBs I have backtested DIBS enough to be comfortable with it. As far as FSP goes, I am simply forward testing it, but based on the concept of cutting your losses short and letting your winners run, I am comfortable testing it with ...

The DIBS Method... No Free Lunch continues

how in the world is this "more conservative"

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and that is exactly the reason why 90 percent of traders fail and will continue to fail. Human emotion is exactly the reason why DIBS works. I've seen it every day at work for the past two weeks - i just started with a prop firm trading equities - ...

The DIBS Method... No Free Lunch continues

this has nothing to do with personality..........it has to do with understanding basic math..........

The DIBS Method... No Free Lunch continues

highneb do me a favor.......keep telling people this.......

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Im using inside bars — on a 1 minute chart to scalp equities at my "day job" Its almost mindnumbingly simple in its elegence. you just need fast fingers

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If I had to choose between playing 1 hour dibs and 5 min dibs, I might actually take the 5 minute dibs - simply because on the 1 hour dibs, I found myself missing too many follow on trades after my initial entry. On the 5 minute chart, you have a ...

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