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The DIBS Method... No Free Lunch continues

  • #321
  • May 21, 2008 4:26am May 21, 2008 4:26am
Quoting jarroo
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.
I am doing that. but dont see too many signals in a day with 1 hr tf. But I'll stick to that. Hope u wont mind if I will bring up with some more questions. I will demo this at least for 3 weeks before going live.

By the way, should we have a live discussion group for DIBS in skype or ym?
  • #322
  • May 21, 2008 4:32am May 21, 2008 4:32am
Quoting robincys
I am doing that. but dont see too many signals in a day with 1 hr tf. But I'll stick to that. Hope u wont mind if I will bring up with some more questions. I will demo this at least for 3 weeks before going live.

By the way, should we have a live discussion group for DIBS in skype or ym?
There has been some crazy moves tonight, both up and down. Funny how the DIBS method kept us out of it. I think that's a good thing.

Not sure about a live talk yet. I still waiting for Peter to give some more input. Maybe he will. Maybe he won't.

We are still in the practise mode of this method. I'm sure it may last longer then 3 weeks.
Indicators show the past. Price Action "Indicates" the future.
  • #323
  • May 21, 2008 4:42am May 21, 2008 4:42am
A little before 08:00 GM there were two IB's - EurUSD and GBP/USD. I forgot that the news will come at that time and was not in a hurry to put S.L. and T.P. As the result of it, I did not put the s.l. of the SELL quick enough, the sell was hitted, the marked changed direction, and situation is about -100 pps. I did not close the trade as I expect the price to go down, but probably, will not forget the news release in the near future........

Just sharing,

Shefa.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 60 min.gif Size: 37 KB
  • #324
  • May 21, 2008 4:43am May 21, 2008 4:43am
Quoting jarroo
There has been some crazy moves tonight, both up and down. Funny how the DIBS method kept us out of it. I think that's a good thing.

Not sure about a live talk yet. I still waiting for Peter to give some more input. Maybe he will. Maybe he won't.

We are still in the practise mode of this method. I'm sure it may last longer then 3 weeks.
Not quite get what u mean by IDBS kept us out of it.....u mean no trade or small SL?

Not necessary a live talk, but even typing message in ym or skype gonna be better.
  • #325
  • May 21, 2008 4:44am May 21, 2008 4:44am
Quoting Shefa
A little before 08:00 GM there were two IB's - EurUSD and GBP/USD. I forgot that the news will come at that time and was not in a hurry to put S.L. and T.P. As the result of it, I did not put the s.l. of the SELL quick enough, the sell was hitted, the marked changed direction, and situation is about -100 pps. I did not close the trade as I expect the price to go down, but probably, will not forget the news release in the near future........

Just sharing,

Shefa.
Practise makes perfect.
Indicators show the past. Price Action "Indicates" the future.
  • #326
  • May 21, 2008 4:48am May 21, 2008 4:48am
Quoting robincys
Not quite get what u mean by IDBS kept us out of it.....u mean no trade or small SL?

Not necessary a live talk, but even typing message in ym or skype gonna be better.
There was no DIBS signals on the crazy up and down moves today. DIBS kept us out that. Maybe we just got lucky.

It's a possibility - ym or skpe.
Indicators show the past. Price Action "Indicates" the future.
  • #327
  • May 21, 2008 4:53am May 21, 2008 4:53am
Quoting jarroo
There was no DIBS signals on the crazy up and down moves today. DIBS kept us out that. Maybe we just got lucky.

It's a possibility - ym or skpe.
Not sure which broken u trading with. But for the DIBS signal I attached above was just before the news even nothing to do with this pair. Big move for NZD. lol.

BTW, I am using ODL mt4 demo account.
  • #328
  • May 21, 2008 4:57am May 21, 2008 4:57am
Quoting robincys
Not sure which broken u trading with. But for the DIBS signal I attached above was just before the news even nothing to do with this pair. Big move for NZD. lol.

BTW, I am using ODL mt4 demo account.
I try to limit my pairs to Gbp/Usd, Eur/Usd, Usd/Jpy and Usd/Chf. Also Aud/Usd and Usd/Cad.

But I can't help looking at that Gbp/Jpy.
Indicators show the past. Price Action "Indicates" the future.
  • #329
  • May 21, 2008 5:00am May 21, 2008 5:00am
Hi Jim,

There are several IB's created just now. Do you think it is too late to consider them ?

thanks for your reply,

Shefa.
  • #330
  • May 21, 2008 5:03am May 21, 2008 5:03am
Quoting Shefa
Hi Jim,

There are several IB's created just now. Do you think it is too late to consider them ?

thanks for your reply,

Shefa.
No. It's not to late at all. I see IBs on the Usd/Chf and Gbp/Usd.
Indicators show the past. Price Action "Indicates" the future.
  • #331
  • May 21, 2008 5:11am May 21, 2008 5:11am
tickle, tickle on the Usd/Chf so far.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #332
  • May 21, 2008 5:14am May 21, 2008 5:14am
Quoting jarroo
No. It's not to late at all. I see IBs on the Usd/Chf and Gbp/Usd.
I think, also USD/CAD, if you trade it.

Thanks for your reply. I put Sell orders, and wait..........

Shefa.
  • #333
  • May 21, 2008 5:16am May 21, 2008 5:16am
Quoting Shefa
I think, also USD/CAD, if you trade it.

Thanks for your reply. I put Sell orders, and wait..........

Shefa.
Which candle? The 0800 GMT?
Indicators show the past. Price Action "Indicates" the future.
  • #334
  • May 21, 2008 5:17am May 21, 2008 5:17am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting jarroo
tickle, tickle on the Usd/Chf so far.
I have put in my sell orders @ 1.0322...
  • #335
  • May 21, 2008 5:19am May 21, 2008 5:19am
Quoting jarroo
Which candle? The 0800 GMT?
No, 09:00 GMT. I shell send you the chart in few minutes.
Shefa.
  • #336
  • May 21, 2008 5:19am May 21, 2008 5:19am
Quoting CHECKstar
I have put in my sell orders @ 1.0322...
I'm with you CHECK. Could have been stronger. Let's see what happens. In at 1.0323.
Indicators show the past. Price Action "Indicates" the future.
  • #337
  • May 21, 2008 5:19am May 21, 2008 5:19am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting CHECKstar
I have put in my sell orders @ 1.0322...
...and we are off... order to buy back half my position @ 1.0292, SL @ 1.0352...

this is my second night trading this system live.... so please do not follow me!
  • #338
  • May 21, 2008 5:21am May 21, 2008 5:21am
Quoting CHECKstar
...and we are off... order to buy back half my position @ 1.0292, SL @ 1.0352...

this is my second night trading this system live.... so please do not follow me!
Your doing Great. This is how we learn.
Indicators show the past. Price Action "Indicates" the future.
  • #339
  • May 21, 2008 5:24am May 21, 2008 5:24am
Quoting CHECKstar
...and we are off... order to buy back half my position @ 1.0292, SL @ 1.0352...

this is my second night trading this system live.... so please do not follow me!
See how quickly CHECK put the s/l and half buy back order in Shefa.

(Just kidding Shefa. )
Indicators show the past. Price Action "Indicates" the future.
  • #340
  • May 21, 2008 5:25am May 21, 2008 5:25am
I was in U/CAD but taking short break not the long one as it's down trend even it break up the opening.

U/Chf, I am also in.

G/U, it could be short but what u recom as it's clear uptrend?
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