The DIBS Method... No Free Lunch continues | Page 561 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

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

The DIBS Method... No Free Lunch continues

  • #11,201
  • Mar 22, 2018 3:10am Mar 22, 2018 3:10am
Quoting PayTheLimit
UJ hit 1:1 effortlessly....
I noted your earlier remarks on the weekly open and it seems it does trump the daily.
Gone to a better place
  • #11,202
  • Mar 22, 2018 3:19am Mar 22, 2018 3:19am
Quoting smikester
{quote} We are above the US daily open and certainly above the week open. I don't want to buy. Why not? {image}
I would have never seen that trend line...


would you have bought yesterday?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 42 KB
Look Sharp/Trade Tight
  • #11,203
  • Mar 22, 2018 3:23am Mar 22, 2018 3:23am
Quoting PayTheLimit
{quote} would you have bought yesterday? {image}
No. I have one eye on the Nikkei and the other on SPX. My short on Gbp/Jpy filled and just reached TP.
Gone to a better place
  • #11,204
  • Mar 22, 2018 3:25am Mar 22, 2018 3:25am
Quoting PayTheLimit
UJ hit 1:1 effortlessly....
Good trade.
Gone to a better place
  • #11,205
  • Mar 22, 2018 3:29am Mar 22, 2018 3:29am
Quoting smikester
{quote} No. I have one eye on the Nikkei and the other on SPX. My short on Gbp/Jpy filled and just reached TP.

Oh yes, and 150.00 is going to be the top? I don't know.
Gone to a better place
  • #11,206
  • Mar 22, 2018 3:29am Mar 22, 2018 3:29am
Quoting smikester
{quote} Good trade.
I did not take it, was just following it and taking notes...only taking entries on TUE/WED....
Look Sharp/Trade Tight
  • #11,207
  • Mar 22, 2018 3:32am Mar 22, 2018 3:32am
Quoting smikester
{quote} I noted your earlier remarks on the weekly open and it seems it does trump the daily.
I'm not so sure there is a tremendous edge versus other options, but I think for my purposes it will be better....btw, I switched to last weeks close for my convenience....
Look Sharp/Trade Tight
  • #11,208
  • Mar 22, 2018 3:35am Mar 22, 2018 3:35am
Quoting PayTheLimit
{quote} I did not take it, was just following it and taking notes...only taking entries on TUE/WED....
Interesting. You are only taking hourly inside bars on Tuesdays and Wednesdays?
Gone to a better place
  • #11,209
  • Mar 22, 2018 3:38am Mar 22, 2018 3:38am
As for todays GJ signal, I probably would have taking it, had it been a pair that I would be trading, on a day that I would have been trading....its difficult to asses a trade after its passed in real time, but its a hot hand this week....the only thing that might have concerned me, or maybe affected my assessment is that UJ had that sell signal at the same time...
Look Sharp/Trade Tight
  • #11,210
  • Mar 22, 2018 3:40am Mar 22, 2018 3:40am
Quoting smikester
{quote} Interesting. You are only taking hourly inside bars on Tuesdays and Wednesdays?
Yes, in respect to last weeks close...
Look Sharp/Trade Tight
  • #11,211
  • Mar 22, 2018 3:46am Mar 22, 2018 3:46am
Quoting PayTheLimit
As for todays GJ signal, I probably would have taking it, had it been a pair that I would be trading, on a day that I would have been trading....its difficult to asses a trade after its passed in real time, but its a hot hand this week....the only thing that might have concerned me, or maybe affected my assessment is that UJ had that sell signal at the same time...
Yes. There is a problem looking at shorting both those pairs. I think the Gbp/Jpy is the bigger gamble, but irresistible for me. I'm looking at retail sales in less than an hour and the BoE rate announcement at 12. Both of those could knock me out if we don't move down soon. But the beauty of this method is my TP has already covered me.
Gone to a better place
  • #11,212
  • Mar 22, 2018 3:50am Mar 22, 2018 3:50am
Quoting smikester
{quote} Yes. There is a problem looking at shorting both those pairs. I think the Gbp/Jpy is the bigger gamble, but irresistible for me. I'm looking at retail sales in less than an hour and the BoE rate announcement at 12. Both of those could knock me out if we don't move down soon. But the beauty of this method is my TP has already covered me.

Yes the 1:1 option does give you a certain liberty in taking signals. I just wonder if its also a catalyst for taking more trades then you would otherwise.

Good luck with it bro..
Look Sharp/Trade Tight
  • #11,213
  • Mar 22, 2018 4:08am Mar 22, 2018 4:08am
GU IB last hour, strongest market on the board, but will get you long at almost the absolute high of the week...
Look Sharp/Trade Tight
  • #11,214
  • Mar 22, 2018 4:17am Mar 22, 2018 4:17am
Quoting PayTheLimit
GU IB last hour, strongest market on the board, but will get you long at almost the absolute high of the week...
It's quite a big bar, too. Retail sales in 14 minutes. Probably worth a try with 0.1% of the account.
Gone to a better place
  • #11,215
  • Mar 22, 2018 4:22am Mar 22, 2018 4:22am
Quoting smikester
{quote} It's quite a big bar, too. Retail sales in 14 minutes. Probably worth a try with 0.1% of the account.
I was just thinking to myself, who in their right mind would be buying here lol...and it does bring up an interesting point about buying strength versus buying a pullback...
Look Sharp/Trade Tight
  • #11,216
  • Mar 22, 2018 4:38am Mar 22, 2018 4:38am
Cause FF is king of the wait for a pullback and buy the lows risk a few pips for the turn with great R/R crowd. No one really buys the highs and sells the lows, and that's understandable, and I've been part of that group as well. When I was on the floor, the most difficult trades I did, and took me a while to get used to, where buying at limit up, or selling at limit down. I mean wrap your head around that, paying limit up for the day, and waiting for tomorrow. Zero upside, and all of the downside. But it was an odds play. Guys would risk the house on those. Like pocket aces. Naturally, FX is different. I mean if it hasn't rained, or isn't going to rain in Iowa for a week, when corn goes limit bid, you try and buy it, and as much as you can carry.
Look Sharp/Trade Tight
  • #11,217
  • Mar 22, 2018 4:41am Mar 22, 2018 4:41am
Quoting PayTheLimit
{quote} I was just thinking to myself, who in their right mind would be buying here lol...and it does bring up an interesting point about buying strength versus buying a pullback...
Well, you are right and I don't think they will increase rates. It's a throw away trade but if there is a bubble I want in. LOL.
Gone to a better place
  • #11,218
  • Edited 4:53am Mar 22, 2018 4:43am | Edited 4:53am
Quoting smikester
{quote} Well, you are right and I don't think they will increase rates. It's a throw away trade but if there is a bubble I want in. LOL.
well longs taken out, shorts just got tagged in I think...
Look Sharp/Trade Tight
  • #11,219
  • Mar 22, 2018 5:04am Mar 22, 2018 5:04am
anyways, good luck, have a good rest of the week...laters...
Look Sharp/Trade Tight
  • #11,220
  • Mar 22, 2018 5:06am Mar 22, 2018 5:06am
Quoting PayTheLimit
anyways, good luck, have a good rest of the week...laters...
Thanks for the exchange of ideas, and good trading to you.
Gone to a better place
6 traders viewing now