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The DIBS Method... No Free Lunch continues

  • #361
  • May 21, 2008 6:03am May 21, 2008 6:03am
both my u/cad and u/chf are on free run now. but I am on demo.
  • #362
  • May 21, 2008 6:04am May 21, 2008 6:04am
Quoting Peterinforex
Good stuff ROb

the gist is here for those who were as lost as I was
http://www.forexfactory.com/showthre...t=56907&page=2

sorry for the confusion
Thanks Peter. I thought I was the only one who read and studied the thread.

(Just Kidding gang. )
Indicators show the past. Price Action "Indicates" the future.
  • #363
  • May 21, 2008 6:04am May 21, 2008 6:04am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting jarroo
You'll get there easy.
Ok its a free trade now, off to watch some TV!
  • #364
  • May 21, 2008 6:04am May 21, 2008 6:04am
Quoting CHECKstar
Ok its a free trade now, off to watch some TV!
Indicators show the past. Price Action "Indicates" the future.
  • #365
  • May 21, 2008 6:06am May 21, 2008 6:06am
Hey Shefa. I hope you got out of that Euro trade.
Indicators show the past. Price Action "Indicates" the future.
  • #366
  • May 21, 2008 6:07am May 21, 2008 6:07am
Quoting jarroo
Thanks Peter. I thought I was the only one who read and studied the thread.

(Just Kidding gang. )
Wow! I thought the same! (also a joke) but honestly, I just start following this system today, as I made a big loss in a/u.
  • #367
  • May 21, 2008 6:08am May 21, 2008 6:08am
Quoting robincys
Wow! I thought the same! (also a joke) but honestly, I just start following this system today, as I made a big loss in a/u.
Doing great for the first day rob.
Indicators show the past. Price Action "Indicates" the future.
  • #368
  • May 21, 2008 6:12am May 21, 2008 6:12am
I was in the USD/CHF for some nice pips. Looked at the USDCAD but passed on it...of course look at it now. So far I've had 4 out of 5 trades positive. The only loss I've had was my fault, wasn't at the computer and didn't take profits at 1:1. So far so good.
  • #369
  • May 21, 2008 6:14am May 21, 2008 6:14am
Quoting Shefa
Hi Bogus,

I belive I did it now. Just not to give up.........

Shefa.
Hello Jarroo and Bogus,

I just have realized now, that the MT4 platform of Crown Forex changes the bars 2 minutes before an hour is ending. That is why only I saw an "IB" this morning. At least something good happened this time.....

Also, there is a new IB in the cable. Is it too late to take it ?

Shefa.
  • #370
  • May 21, 2008 6:14am May 21, 2008 6:14am
Free-riding in the Loonie!
Attached Image (click to enlarge)
Click to Enlarge Name: ibcad.gif Size: 12 KB
  • #371
  • May 21, 2008 6:15am May 21, 2008 6:15am
Quoting ozziedave
I was in the USD/CHF for some nice pips. Looked at the USDCAD but passed on it...of course look at it now. So far I've had 4 out of 5 trades positive. The only loss I've had was my fault, wasn't at the computer and didn't take profits at 1:1. So far so good.
Nice ozzie. It's a pretty powerful method once you get your bearings on it.
Indicators show the past. Price Action "Indicates" the future.
  • #372
  • May 21, 2008 6:18am May 21, 2008 6:18am
Quoting Archiphage
Free-riding in the Loonie!
Nice going on the loonie guys.


My interbank FX demo didn't show a "clean" IB. Oh well, they'll be plenty more.

Good Job.
Indicators show the past. Price Action "Indicates" the future.
  • #373
  • May 21, 2008 6:19am May 21, 2008 6:19am
wow
a lot of users watching this great method!
more than 30 ppl!
I don't say
  • #374
  • May 21, 2008 6:21am May 21, 2008 6:21am
I find this method incredibly simple now that I'm comfortable with it....and it's returned me some pips in the last couple of days. Almost seems a bit too easy.....hope I'm not missing something LOL
Leonardo Follower
  • #375
  • May 21, 2008 6:26am May 21, 2008 6:26am
Quoting shodd
I find this method incredibly simple now that I'm comfortable with it....and it's returned me some pips in the last couple of days. Almost seems a bit too easy.....hope I'm not missing something LOL
That's the problem with it. LOL

It's too easy, so people throw dumb indicators on it and try to over think the obvious. But you do have to put some time and study into it .
Indicators show the past. Price Action "Indicates" the future.
  • #376
  • May 21, 2008 6:29am May 21, 2008 6:29am
I have an idea here with 3 entry to make sure we can have more than "free run".

Break our 2 lots into 3, I mean we enter 3 lots,
take 1st lots when TP=SL,
then BE fore 2nd lot, no change for 3rd lot.
with 2 lot, TP= 3 sl (roughly could be 40 pips - 60 pips).
adjust 3rd lot to break even and let it free run till we see clear reversal signal.

What u recom?
  • #377
  • May 21, 2008 6:35am May 21, 2008 6:35am
I've been taking half out at double risk where possible. Sometimes it's not (if I feel that the move isn't strong enough to support it) so I settle for half close at risk. Made me some pips and ensures that I'm still in for the mega move when it happens, but most importantly I still have a handle on my risk.
Leonardo Follower
  • #378
  • May 21, 2008 6:36am May 21, 2008 6:36am
Quoting jarroo
Hey Shefa. I hope you got out of that Euro trade.
NNNNOOOOOOOOOO !!!!!!!!!!!!

I am waiting for it's retracement(?), as there are indicators which sign so. At the moment the situation is -111 pps. Enterance was at 1.5647, and I expect it to arrive it, or at least come closer. If I have calculated right, I primised myself a profit of 64 pps on the running USD/CAD and USD/CHF, so that with the 38 pps of the cable in the morning I am olmost ziro.

I now it is not enough to "hope" that the price go down, but this is what I am doing now.........

Thanks for your concern,

Shefa.
  • #379
  • May 21, 2008 6:41am May 21, 2008 6:41am
Quoting Shefa
NNNNOOOOOOOOOO !!!!!!!!!!!!

I am waiting for it's retracement(?), as there are indicators which sign so. At the moment the situation is -111 pps. Enterance was at 1.5647, and I expect it to arrive it, or at least come closer. If I have calculated right, I primised myself a profit of 64 pps on the running USD/CAD and USD/CHF, so that with the 38 pps of the cable in the morning I am olmost ziro.

I now it is not enough to "hope" that the price go down, but this is what I am doing now.........

Thanks for your concern,

Shefa.
I don't think it will be a total loss. You GAINED alot of knowledge about how to manage a trade. I bet you don't do that again. So the (potiental) loss was well worth it.
Indicators show the past. Price Action "Indicates" the future.
  • #380
  • May 21, 2008 6:44am May 21, 2008 6:44am
I wonder what CHECKstar is watching on TV.
Indicators show the past. Price Action "Indicates" the future.
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