Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

The DIBS Method - No Free Lunch Returns 12 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

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

The DIBS Method... No Free Lunch continues

Quoting AstronautFX
what are words for D,I,B,S? DIBS = DIB ZAMINI?
DIBS stands for Daily Inside Bar System.
Life happens at the level of events. Trust only movement. - Adler
Quoting blunderbuss
{quote} DIBS stands for Daily Inside Bar System.
thank you
The Goose Goozid! FK Goozid!
Quoting blunderbuss
{quote} DIBS stands for Daily Inside Bar System.
Have you been using DIBS all they way since 2008?

thanks
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
The weekly trend line is a bit steep and it is being broken
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYFXFWeekly.png Size: 25 KB
Quoting Dale
The weekly trend line is a bit steep and it is being broken {image}
thanks for the chart.

yes i see the same. I feel that this good weekly trend might be ready for some sideways zig zags.
D1 might not be sutiable for trades. but DIBS will still keep us busy I guess at least for the Swing actin.

I did take UJ short earlier and ended Be. Then arrived a CLEAR EU short and its FT. that has potential both on D1 chart and H1/H4. LONG TAILS...
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quote
I feel that this good weekly trend might be ready for some sideways zig zags.

There is 900 points to grab between the Sea Green lines
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYFXFWeeklybracket.png Size: 25 KB
Weekly EUR/USD possible triangle with a 1100 pip range
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDFXFWeeklyTraingle.png Size: 32 KB
The market was getting set up for todays US News Announcement (ISM Non-Manufacturing PMI) The figures came out less than expected. and so the Dollar yen dropped.


I was well positioned thanks to DIBS Low Risk Entry at Frankfurt open. Long on Cable short on UJ, both were turned to FT well before news in the am session. Nothing more to do simply watch the profits sore... IMHO... know-er of nothing.

the following charts dont show the live trades but just posting here to make a point. I did not need complex analysis to get this low risk trade. Now its up to me and my long term goals where I chose to take profits. So what is it that I want from trading? How do I define and understand my edge? That will determine my over all profitability in the long run.

Ps. had an attempt on EUR/USD long but that got a -1R. yd's short exited as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Click to Enlarge Name: Screenshot2.png Size: 31 KB
Click to Enlarge Name: Screenshot3.png Size: 34 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
working on exits.....gu today took some 50pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu 6th sep 2016.PNG Size: 11 KB
thankyou gregwilson
Quote
working on exits.....gu today took some 50pips

Hi njokie,

Did you take profits on the entire position? If so, you might want to leave a small part of the position open so you can get comfortable letting the position either get stopped out or make you money.

Respectfully
Quoting Dale
{quote} Hi njokie, Did you take profits on the entire position? If so, you might want to leave a small part of the position open so you can get comfortable letting the position either get stopped out or make you money. Respectfully


Hi Dale yes i took on the entire position its a new exit method am testing ......i usually exit using the laid out rules by petercrowns as shown by my previous posts
thankyou gregwilson
  • Post #10,972
  • Quote
  • Edited Sep 7, 2016 9:27am Sep 6, 2016 5:49pm | Edited Sep 7, 2016 9:27am
Quote
Hi Dale yes i took on the entire position its a new exit method am testing ......i usually exit using the laid out rules by petercrowns as shown by my previous posts

That is one of the nice things about the dibs entry, it is flexible enough that you should be able to make money with its various applications
Short PO on EU . EU D1 is sideways, and this is almost a reversal trade but still a DIBS breakout in the direction of todays trend. IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quoting dustbin
Short PO on EU . EU D1 is sideways, and this is almost a reversal trade but still a DIBS breakout in the direction of todays trend. IMHO {image}
cancelled
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quoting dustbin
{quote} cancelled
and Back in it again. same levels
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quoting dustbin
{quote} and Back in it again. same levels {image}
sitting watching my trading activity for the day, and what do I see... I think I over traded. All I do on a normal day is look for those "low risk" entries and wait for market to move possibly near or around news events. And when I see a day like YD, usually I don't trade the next day unless something really pops up such as a strong 1 or 2 candle move away from open line and then a DIBS signal. But today, I traded 5 times. Usually I trade 5 times in a week. oh well... NEXT
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
@Dale, where is your post gone mate...??? that made me feel good.

Swissy Short, EU Long ... anticipation of NEWS
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quote
@Dale, where is your post gone mate...??? that made me feel good.

I was wanting to respect your space.. so I took it down..

I am glad you took it in the the way I intended...

I took down two posts, "At least you are honest with yourself" and "I like to write notes on my chart to keep out of trouble" .


Respectfully

Dale
Quoting dustbin
@Dale, where is your post gone mate...??? that made me feel good. Swissy Short, EU Long ... anticipation of NEWS {image}
another Break Even story of my life ... like PC once said, "waiting" was story of his life.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
Quoting Dale
{quote} I was wanting to respect your space.. so I took it down.. I am glad you took it in the the way I intended... I took down two posts, "At least you are honest with yourself" and "I like to write notes on my chart to keep out of trouble" . Respectfully Dale
Thank you for letting me know. Aha, notes on your chart.. how so?
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
0 traders viewing now