Many share my views with me. But I don't share them with them...![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
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The DIBS Method - No Free Lunch Returns 13 replies
No Free Lunch but all the Free Coffee you can drink 736 replies
Peter Crown's DIBS method revisited 14 replies
DIBS Method EA 11 replies
Problem using Dibs EA 4 replies
DislikedJarroo...in all the DIB chasing...you've overlooked that that was a PB + IB = perfect idea to go long
Take care allIgnored
Disliked
So much confusion!
I do as you mentioned. Look at the FF box at left upper corner (It gives you the remaining time to the market open to... no math skills needed...) and draw a vertical line at the London Open. I use too (cause I like those Firefox add-ons...) FoxClocks . It displays any place's time in the status bar. I have Tokyo, London and NY on it.
Please fellows... Just draw the vertical line...
Cheers
HTIgnored
DislikedSeeking,
Don't unsubscribe, yet.
When you say PB, you mean to ensure there is a PB on a higher time frame or on 1 hr itself.
Thanks
TSIgnored
DislikedHi,
I'm fairly sure that Seeking saw the swing low as a 1hr PB off the 38.2% Fib retracement of the last up swing/leg. This was followed by another IB - though of course the IB high was below the start of day line, so not valid for DIBS trading.
Edit: Oh and the PB was also off the Daily floor Pivot point - so confluence.Ignored
DislikedOnce you´re able to identify a trending market, you´ll know which trades to take and which not, although always keep in mind that, the trades you don´t take could turn out to be the biggest winners.Ignored
DislikedWell done, I missed it took the 2nd one and got stopped out!
(Bet you were having second thoughts after the close of your break out bar?)Ignored
DislikedThis thread is going to turn into yet another perfect example of the "forum phenomenon".
A simple, clear and straightforward something gets "processed" by the usual fear, filter and nonsense mongering(let's use the pair with the biggest spread instead of the one with the smallest, let's make an EA for something that works better with discretion(s/r etc), let's find a way to prevent all losers because I'm afraid of losses and don't understand that trading is about profit not winners or losers) and churned into unrecognizeable nonsense..Ignored
Disliked-mbqb11-
I still watch the 4 majors (USD/JPY, USD/CHF, EUR/USD, GBP/USD), and sometimes the Pound/Yen.
I tend to focus on the ones in the best trends and then, lowest costs of trading- in that order. If a market has a better trend but worse costs, I will move up in time frame to 3 or 4 hour charts to compensate. The trend is who pays you.
-PeterCrowns-Ignored
DislikedGood question, -soso-
I don't trade the Aud/Usd that much. The Usd/Jpy trades just fine using DIBS. And yes, the European pairs seem to work better than average then. What follows is the likely explanation.
..........
Not that many people in the world care about the New Zealand or Australian currencies except as to how they may interplay with specific businesses. There are charts that deal with how much trading volume goes to specific currencies worldwide. Others who have good access to them can post them, please.
As a simple rule of thumb, look at the spreads to trade a certain pair. If it is wide there isn't as much interest. That doesn't mean that it can't be volatile, but the risk may well overwhelm the potential.
I know that the main currencies are these: Eur/Usd, Gbp/Usd, Usd/Chf, Usd/Jpy. I trade them almost exclusively.
I will occasionally plant long term trades in Gbp/Jpy to take advantage of carry, but have been out of that for months until recently, as you can easily imagine why. .....
-PeterCrowns-Ignored
QuoteDislikedI don’t mean to be harsh on anyone, I just feel that this is a good (SIMPLE) method and we need to regroup and focus on the facts that we have from Peter and build on those facts.
DislikedAnyone playing the IB forming on the 7 hour chart of the Malaysian Ringgit/Mexican Peso cross?Ignored
DislikedAnyone playing the IB forming on the 7 hour chart of the Malaysian Ringgit/Mexican Peso cross?Ignored
Dislikedthanks im GMT 1 i ve set FF calendar clock with my pc clock my broker is GMT= 0 tomorrow when London open i will draw a vertical line
and stop i need some vicodin tooIgnored
Disliked
Archi, can you confirm that the blue line on your chart is a 20 EMA based on closing price?
and it is used as a sort of exit nudge or trigger.
Cheers!Ignored
DislikedAnyone playing the IB forming on the 7 hour chart of the Malaysian Ringgit/Mexican Peso cross?Ignored
DislikedHope this helps in looking into which pairs are the hot hands. Right now I would probably only look at the JPY and CHF, and maybe the EUR. Is anyone looking at the hot hand in a different way?Ignored
DislikedI live on the East Coast, my broker is on PST, and my data feed comes from Bolivia. I want to be sure I'm catching the open of the Malay Fish Market. Can you help me with the time conversion? I'm available to trade from 5:30 pm EST until almost 6:00 pm.Ignored