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Attachments: The DIBS Method... No Free Lunch continues
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The DIBS Method... No Free Lunch continues

Quoting dustbin
{quote} That Target area could have been drawn around the 5th of August? Enough time? and then to create confluence, the next target area would be drawn on H1 time frame probably last night but we are not here to catch these small winners, not necessarily, we are here to catch the big ones. so perhaps working towards a target area like this on a daily time frame would be something to consider... food for thought // wishing everyone a great weekend.
Yes intresting. Have a nice weekend.

Best regards
Quoting Misio2401
njokie, I've got question.... Why you said "free trade" ? Is it easy to take this trade ? What is a special on this chart that told you the direction of movement ? The price can do everything, don't you think?
I found two images from page 1 of this thread that explain what a "free trade" is.
Attached Image

So, we have a price chart, we have the "opening price", taken at 0600 GMT, and we have an IB and a stop-loss price.

We want to protect our capital, so that IF there is a sudden price reversal, we can minimize the risk of loss.

On that chart, X = the range from our "entry price" to the stop loss. This is the maximum that we might lose, if the trade goes bad.

We buy 2 lots (or 20, or 200, etc.).

Once the price goes up by X, we can "lock in" some profit by selling 1 lot (or 10, or 100).

Now our order is only 1 lot (or 10, or 100), but if the price suddenly reverses due to High-Frequency Trading algorithms,
we won't lose the whole 2/20/200 lots, because we locked in a profit that is equal to half our original amount.
Attached Image


Source: the 1st post in this thread: http://www.forexfactory.com/showthread.php?t=86766
Life happens at the level of events. Trust only movement. - Adler
i rarely trade gbpcad but i saw was a hot hand so i took it
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 15th aug 2016.PNG Size: 13 KB
thankyou gregwilson
Quoting njokie
i rarely trade gbpcad but i saw was a hot hand so i took it {image}
Very nice . Clearly a down trend on the dailies . 
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quoting njokie
i rarely trade gbpcad but i saw was a hot hand so i took it {image}
What time frame is that please?
every Saint has a past. Every Sinner has a Future
Quoting turnip15
{quote} What time frame is that please?


1 hour
thankyou gregwilson
Anyone making money here ? If yes how do you trade this strategy that has many was how to trade it ?

Best regards
closed gbpcad for 1:2
Attached Image (click to enlarge)
Click to Enlarge Name: closed gpbcad 15th aug 2016.PNG Size: 15 KB
thankyou gregwilson
Hi Dustbin,

I see your trade explorer results and they look very good. I see that you do not make any gain for around 10-12 trades and then you get a big jump, I think because of a big winner. I remember you said you have two trading strategies and one of them is DIBS. Which strategy fits you better and which one results in the Trade explorer big wins? Whatever the strategy you seem to be consistently profitable.
Attached Image
gu free trade......was late entered on market order
Attached Image
thankyou gregwilson
Quoting njokie
gu free trade......was late entered on market order {image}

Good trade , but is not by the PC rules open is below prices. But a trade is a trade.
"Let us strive to be more parents of our destiny than children of our past"
Quoting kaltrax
{quote} Good trade , but is not by the PC rules open is below prices. But a trade is a trade.



what do you mean below prices?


breakout above open price .....thats the rule......using 6gmt as my open i guess your using something else.....post chart if you dont mind
thankyou gregwilson
Quoting njokie
{quote} what do you mean below prices?
Hi Njokie

About past open prices, past 3 - 4 days i.e. (see all open bars hope you understand , sorry my bad english....)
"Let us strive to be more parents of our destiny than children of our past"
Quoting kaltrax
{quote} Hi Njokie About past open prices, past 3 - 4 days i.e. (see all open bars hope you understand , sorry my bad english....)

post chart
thankyou gregwilson
Hello, traders!

There is not a secret there - the best DIBS trades do occur during imbalance market enviroment.

The market is moving by its own. You have only to spot this possibility and join the move with the rigth technique which could help you to squeeze that "money-wave" as much as it is possible. The DIBS is THAt technique for sure.

Just find the market in a solid trend, and make a living.

Here you have USDJPY pair which shows us a nice down move. for now - the possibility of another nice down leg is very big. Why one wouldn't try to squeeze money here?

When you have a bigger picture in your mind - you could very easy spot IB's on smaller timeframes. Trade them, and trail your stops till end of the move.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 56 KB
Quoting dim4ik42
Hello, traders! There is not a secret there - the best DIBS trades do occur during imbalance market enviroment. The market is moving by its own. You have only to spot this possibility and join the move with the rigth technique which could help you to squeeze that "money-wave" as much as it is possible. The DIBS is THAt technique for sure. Just find the market in a solid trend, and make a living. Here you have USDJPY pair which shows us a nice down move. for now - the possibility of another nice down leg is very big. Why one wouldn't try to squeeze...

If you did not still notice - one of the best trades Peter did show us here - was very same trade at EUR/USD (uptrend). Do you still try to get and idea what about he was talking "weakness and strength"??? Here you have it - the answer.

Remember - the trade was taking by him at 1hr chart basis. But now you know - why.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 60 KB
Quoting njokie
{quote} what do you mean below prices? breakout above open price .....thats the rule......using 6gmt as my open i guess your using something else.....post chart if you dont mind
This is a PC comments , take what you fit best whith your trading style..

"
At the beginning of each trading session, when price is moving just under or above (sometimes both) yesterday's close, do you look for breakouts in one direction? both directions?

Yes, at this point I am looking to buy above an inside hourly bar where the breakout point is above yesterday's close (and today's open) or sell below the low of an hourly inside bar below the open of today.

"

I am only looking to go long on a breakout (blue line) of an inside bar if that breakout is above the previous close.

Likewise, I am only interested in selling a downside breakout (red line) if the breakout is below the previous close.

You will notice that almost all of the breakouts were significant enough for you to make a very good shorter term trade, some you could have trailed most of them with a form of trailing stop (moving average) and still be in hundreds of pips after entry with a small stop at the other side of the inside bar………………………………………
One last tip: You want to be particularly interested in the inside bar breakouts which meet the conditions early in the session, namely the first 9 - 10 hours.


The most important thing is to know the rules but use your own discretion.

Good trading
"Let us strive to be more parents of our destiny than children of our past"
what are words for D,I,B,S?

DIBS = DIB ZAMINI?
The Goose Goozid! FK Goozid!
Quoting kaltrax
{quote} This is a PC comments , take what you fit best whith your trading style.. " At the beginning of each trading session, when price is moving just under or above (sometimes both) yesterday's close, do you look for breakouts in one direction? both directions? Yes, at this point I am looking to buy above an inside hourly bar where the breakout point is above yesterday's close (and today's open) or sell below the low of an hourly inside bar below the open of today. " I am only looking to go long on a breakout (blue line) of an inside bar if that...
chart?
thankyou gregwilson
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