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The DIBS Method... No Free Lunch continues

  • #301
  • May 21, 2008 1:55am May 21, 2008 1:55am
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.
  • #302
  • May 21, 2008 2:02am May 21, 2008 2:02am
Thats what Im thinking, fibs, trendlines and sup/res.
Nothing this hour Shefa.
Quoting jarroo
Adding confluence to this method will probably be the next step.
FF journal: Peaks and Troffs
  • #303
  • May 21, 2008 2:12am May 21, 2008 2:12am
What about the aud/usd?
  • #304
  • May 21, 2008 2:19am May 21, 2008 2:19am
my last hours bar broke the high of the previous one by 1 pip.data feeds eh?
FF journal: Peaks and Troffs
  • #305
  • May 21, 2008 2:23am May 21, 2008 2:23am
yeah.... it happens
  • #306
  • May 21, 2008 2:26am May 21, 2008 2:26am
Bogus... 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.... lol
  • #307
  • May 21, 2008 2:37am May 21, 2008 2:37am
Im an equal opportunities trader.Ill trade anything .
"What do you call a cultured Australian?"
Answer."A New Zealander"
Quoting bob_inabottle
Bogus... 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.... lol
FF journal: Peaks and Troffs
  • #308
  • May 21, 2008 2:42am May 21, 2008 2:42am
My GBP/JPY trade has been closed: +18pps of the 1:1 ratioo, plus +20pps at s.l.
The trade arrived +50, but then 10:00 GMT came and the direction was changed.
I did not was in the market by a mistake, at 05:00. I have noticed that at that time there can be some big moves. Anyone knows what countries open their markets at that time (05:00 GMT)?

Thanks for your help,

Shefa.
  • #309
  • May 21, 2008 2:46am May 21, 2008 2:46am
Dont get me started on kiwi jokes.... better get back to trading (hows a kiwi find a sheep in long grass? very pleasent )
  • #310
  • May 21, 2008 2:48am May 21, 2008 2:48am
lol.truce
Quoting bob_inabottle
Dont get me started on kiwi jokes.... better get back to trading (hows a kiwi find a sheep in long grass? very pleasent )
FF journal: Peaks and Troffs
  • #311
  • May 21, 2008 3:23am May 21, 2008 3:23am
Anyone looking at the IB on Cable?

http://i89.photobucket.com/albums/k2...1/ibcable2.jpg
  • #312
  • May 21, 2008 3:24am May 21, 2008 3:24am
Quoting Archiphage
Anyone looking at the IB on Cable?
Absolutely.
Indicators show the past. Price Action "Indicates" the future.
  • #313
  • May 21, 2008 3:25am May 21, 2008 3:25am
quick 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?
  • #314
  • May 21, 2008 3:29am May 21, 2008 3:29am
Quoting robincys
quick 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?
Yes. 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.
Indicators show the past. Price Action "Indicates" the future.
  • #315
  • May 21, 2008 3:39am May 21, 2008 3:39am
Some different pairs...
Attached Image
  • #316
  • May 21, 2008 3:50am May 21, 2008 3:50am
Quoting jarroo
Yes. 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.
Here is a closer look of one Peter's charts. It's from this post, 2nd chart of the Euro.

http://www.forexfactory.com/showpost...4&postcount=83
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #317
  • May 21, 2008 3:51am May 21, 2008 3:51am
Quoting jarroo
Yes. 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.
Thanks 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?
Attached Image (click to enlarge)
Click to Enlarge Name: nu 1hr.gif Size: 20 KB
  • #318
  • May 21, 2008 4:00am May 21, 2008 4:00am
Quoting robincys
Thanks 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?
One 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.
Indicators show the past. Price Action "Indicates" the future.
  • #319
  • May 21, 2008 4:07am May 21, 2008 4:07am
Quoting jarroo
One 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.
Thanks for that. Still on demo.
  • #320
  • May 21, 2008 4:10am May 21, 2008 4:10am
Quoting robincys
Thanks for that. Still on demo.
Trust me. The more you trade these and just concentration on 3 or 4 pairs (a.k.a. Practise) the better you get at it. And it doesn't take that long.
Indicators show the past. Price Action "Indicates" the future.
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