Jarroo - I might be mistaken but under this method shouldn't we be looking for a short opportunity on the EUR\USD?
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DislikedI was really tempted to take positions in EU (Long) and UC (Short) because IBs formed at 05:00 GMT. But didn't do so in the end as I thought such moves would be jumping the gun. Regret it now.Ignored
DislikedJarroo - I might be mistaken but under this method shouldn't we be looking for a short opportunity on the EUR\USD?Ignored
DislikedNow think I should have taken half off at (amount of risk) and the other half to cover stop loss which is the amount of risk.Ignored
DislikedNo. Its above the Open of the 0500 GMT. I'm using the 0500 GMT candle and others are using the 0600 GMT. Which is "OK".Ignored
DislikedOK I see, thanks for clarifying. I had been trialling this method using midnight GMT for Open as that was what I thought Peter was using. Back to the start of the thread for me
Thanks again for answering.Ignored
DislikedJust to clarify: Based on DIBS, are we supposed to take positions as follows: Short EU and Long UC now, based on the break of their respective IBs?Ignored
Dislikedbut...aren't we supposed to be looking for shorts on EU because of the daily trend setup is showing short?Ignored
DislikedNow I think I should have taken half off at (amount of risk) and the other half to cover stop loss which is the amount of risk.Ignored
DislikedThanks for clarification!
P.S. Just curious, if the market reverses direction again (for example, EU going up again), then do we enter another Long EU position based on the break of the IB, once again?Ignored