I see that there will be no IB at the End of that hour (I don't a NZD/USD chart in my platform). Any one disagree?
Shefa.
Shefa.
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
DislikedBogus... i was going to say how could you trade the NZ and not us over here in oz.... we dont care much for them over the ditch in NZ.... lolIgnored
DislikedDont get me started on kiwi jokes.... better get back to trading (hows a kiwi find a sheep in long grass? very pleasent )Ignored
Dislikedquick question here.
If we use the opening price as the trend guidence here, that means no trade for the first couples of hours if the IB formed within the opening hours.
I noticed the when IB formed, say in the first 3 hours, the price could up and down the opening price quite often.
What u guys recom about this?
If a IB formed just 1 or 2 hours before the opening of the day, will u still take that as ur setup?Ignored
DislikedYes. If you look at some Peter's chart's closely, he will use IBs prior to the Open. But he will use the Open with that prior IB.Ignored
DislikedYes. If you look at some Peter's chart's closely, he will use IBs prior to the Open. But he will use the Open with that prior IB.Ignored
DislikedThanks for clarifying, but how u handle first couples hours like the one I attached. Blue line is the opening price, blue circle is the IB setup, but the next bar break up and down. It just happened 2 hrs ago for n/u pair.
One more question, say for long, if the IB up break price is under the day's opening price, should we wait untill it break the day's opening price then enter, or we just have to wait for another IB setup?Ignored
DislikedOne way is to look at how Price behaves at these trigger lines. (I've mentioned it some of my earlier posts).
Breakouts from IBs, S/R levels, Trendlines, etc. should be robust, hard, fast, strong. Not slow and choppy. I called it a "tickle".
I was thinking of maybe a buffer at the IBs trigger line. Meaning a 5 to 7 pip "spread" after the trigger line. Something to thing about.Ignored