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The DIBS Method... No Free Lunch continues

  • #621
  • May 23, 2008 8:06am May 23, 2008 8:06am
Quoting DaBuschi
USD/JPY, EUR/USD and USD/CHF free rides.

EUR/GBP and EUR/CHF not free yet.
You know how many people on other threads and on other forums can not say that DaBuschi?

Good Job.
Indicators show the past. Price Action "Indicates" the future.
  • #622
  • May 23, 2008 8:08am May 23, 2008 8:08am
Quoting NowAndLater
CAD shot through 2 min to early an no entry... UJ free now
Aussie freeeeeeeeeee, thats 3 out of 3 in the free.
I dont think I've ever done 3 winners in a row... Thank you Jarroo and PeterCrown. Now we need to learn more and be more consistent
  • #623
  • May 23, 2008 8:09am May 23, 2008 8:09am
Quoting Archiphage
Bar starting at 5am edt is an IB. I'm not in it, but it was definitely there.
I don't see it. I see a little baby one at 0400
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #624
  • May 23, 2008 8:15am May 23, 2008 8:15am
Quoting Archiphage
Bar starting at 5am edt is an IB. I'm not in it, but it was definitely there.
On my platform the 5am est bar and the 4am est bar on the GBP/USD both have the same high, 1.9802. So no IB for me. To bad, it would have been a nice trade with potential.
  • #625
  • May 23, 2008 8:15am May 23, 2008 8:15am
...MT4 Alpari feed:
Attached Image (click to enlarge)
Click to Enlarge Name: GU 23rd May.GIF Size: 14 KB
  • #626
  • May 23, 2008 8:18am May 23, 2008 8:18am
Quoting jarroo
I don't see it. I see a little baby one at 0400
5th bar in. You have it as a matching high. I count those too for just that reason. It is one single pip shorter on my chart, making it a true IB, however.
  • #627
  • May 23, 2008 8:19am May 23, 2008 8:19am
Quoting jarroo
I don't see it. I see a little baby one at 0400

I see it now on this chart. Double high. I'm so use to looking for small candles I didn't even look at that.
Indicators show the past. Price Action "Indicates" the future.
  • #628
  • May 23, 2008 8:23am May 23, 2008 8:23am
Gotta go gang. Another great session. I can get use to this.

Have a great weekend.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #629
  • May 23, 2008 8:33am May 23, 2008 8:33am
Quoting jarroo
Gotta go gang. Another great session. I can get use to this.

Have a great weekend.

Jim

You too! Im off for the day as well. See ya'll later.
  • #630
  • May 23, 2008 8:34am May 23, 2008 8:34am
Quoting jarroo
Gotta go gang. Another great session. I can get use to this.

Have a great weekend.

Jim
..and you, Jim. Until next week ....edit: and NAL
  • #631
  • May 23, 2008 8:34am May 23, 2008 8:34am
very good day for this method
  • #632
  • May 23, 2008 8:39am May 23, 2008 8:39am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Archiphage
I think it's 20 periods. 20 ticks seems like way too close, especially on cross-pairs. In my experience, you need something that considers volatility instead of a fixed number of pips.
not sure on the post, but he referenced a moving average of 20, not sure that it's all that important to him, but it was more of an option to use as a guide for trailing your stops.
  • #633
  • May 23, 2008 8:45am May 23, 2008 8:45am
Quoting jarroo
Gotta go gang. Another great session. I can get use to this.

Have a great weekend.

Jim
Great weekend to you too!

Monday is Holiday ...... Celebrate

Tuesday we're back to the battle field!

Cheers!
Many share my views with me. But I don't share them with them...
  • #634
  • May 23, 2008 9:08am May 23, 2008 9:08am
Quoting NowAndLater
UJ in at 103.48, SL 17+3
Hi,
I wonder if you could help me understand this.
My platform shows the UJ bar with a high of 103.63 and a low of 103.48
I understand the entry at 103.48, but I don't understand why the SL is 17 + 3
Why isn't it 15 + 3 (103.63 less 103.48 = 15, + 3 for the spread)
What am I missing?

Cheers
Colin.
Enter Signature
  • #635
  • May 23, 2008 9:25am May 23, 2008 9:25am
Quoting HouseTrader
Great weekend to you too!

Monday is Holiday ...... Celebrate

Tuesday we're back to the battle field!

Cheers!
I would like also to wish everybody a wonderful weekend.

Sumerizing(?) the day, I can not compliment myself, as I did not follow much of the rules: all the four trades were not executed exectly as they should be. This is typical of me, and lower the results.
I did have four trades, 3 wins and 1 lose - all together +52 pps. Better than nothing or losing, but still could be better.
That's what I have next week for.

Also, I think I shell look for the market on monday, to look how it looks like.
If it is boring - I already have the comedy club forum......

Cheers (I learned from you),

Shefa.
  • #636
  • May 23, 2008 9:46am May 23, 2008 9:46am
Good to see that you guys are doing fine with this method!

Ok, here is my take for MM: Use fibs and trendlines. Fib the previous opposite movement, and take 50% out at 161 level. For instance today 161 would have very good first exit for all main pairs.

Let the rest run free, but set a guarding trendline for alerting if the trend turns. There are tl-indicators which give an alert when crossed.

Take a look at the example. Happy pipping!

R

Quoting Archiphage
I think it's 20 periods. 20 ticks seems like way too close, especially on cross-pairs. In my experience, you need something that considers volatility instead of a fixed number of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 18 KB
  • #637
  • May 23, 2008 9:48am May 23, 2008 9:48am
Quoting Shefa
I would like also to wish everybody a wonderful weekend.

Sumerizing(?) the day, I can not compliment myself, as I did not follow much of the rules: all the four trades were not executed exectly as they should be. This is typical of me, and lower the results.
I did have four trades, 3 wins and 1 lose - all together +52 pps. Better than nothing or losing, but still could be better.
That's what I have next week for.

Also, I think I shell look for the market on monday, to look how it looks like.
If it is boring - I already have the comedy club forum......

Cheers (I learned from you),

Shefa.
Hey, 52 pips on a Friday!.... Remember, "rough water on Fridays", Holidays (yesterday and Monday, Mr Market goes wild those times!).... You have done a great trading day, for sure!

Better than mine so far... I took a wrong trade on EUR/GBP, not for the DIBS setup, but by my lots size (messed my Money Management), which are different... It was too early in Brazil, maybe I was kind of in a numb state still ...

But at the end I'm still +40 pips... that wasn't so bad at all... Soon I'll close my last trade, Now I'm trying to beat you! Just kidding!

Don't demand too much yourself... Be sure to review your losing trade (As I did with my numbing EUR/GBP...) and try to improve.

Have a great Weekend too!

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #638
  • May 23, 2008 10:34am May 23, 2008 10:34am
u all have a nice wkend, I am closing off all my chart now.

Just to remind u all, we NOW HAVE a live chatting room tradingrooms.com for DIBS, it's free sign up and use.
  • #639
  • May 23, 2008 10:39am May 23, 2008 10:39am
Quoting Rocroy
Good to see that you guys are doing fine with this method!

Ok, here is my take for MM: Use fibs and trendlines. Fib the previous opposite movement, and take 50% out at 161 level. For instance today 161 would have very good first exit for all main pairs.

Let the rest run free, but set a guarding trendline for alerting if the trend turns. There are tl-indicators which give an alert when crossed.

Take a look at the example. Happy pipping!

R
Neat ideas, Rocroy. Have a good w/e.
  • #640
  • May 23, 2008 1:51pm May 23, 2008 1:51pm
Here is the link to sign up for trading rooms.

http://tradingrooms.com/
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