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  • #841
  • May 28, 2008 2:50am May 28, 2008 2:50am
Hi, traders.
No one short on USD/CHF ??
Inside bar at 6.00 GMT.

Attached chart:
http://img444.imageshack.us/my.php?image=graficifw0.gif


Bye.
Have a good trading day !
Montecristo
  • #842
  • May 28, 2008 2:51am May 28, 2008 2:51am
Quoting jarroo
Yes, I do look at the 4 hour, Daily and Weekly trends.


Here is something that will really blow your mind Shefa.

I started with this trade (1st chart) short on the Usd/Jpy looking at IB between 0000 GMT and 0500 GMT. Then I got out of that trade for a -3 pips loss.

Then I when with this trade (2nd Chart) long Usd/Jpy IB off the 0500 GMT Open IB.
Hi Jarroo,

Thanks for your reply. English is not my first language, and I do not know what does it means to "blow my mind". Hope it does not mean you are angry, as this was not my intend.

Wish you many pps,

Shefa.
  • #843
  • May 28, 2008 2:52am May 28, 2008 2:52am
Quoting Montecristo_
Hi, traders.
No one short on USD/CHF ??
Inside bar at 6.00 GMT.

Attached chart:
http://img444.imageshack.us/my.php?image=graficifw0.gif


Bye.
Have a good trading day !
Montecristo
Oh Yeah. Free trade plus 22 pips.
Indicators show the past. Price Action "Indicates" the future.
  • #844
  • May 28, 2008 2:58am May 28, 2008 2:58am
I closed 2 lots 1,0264
3 lots remaining with "SL" at 1,0289 and Tp at 1,0224.
What do you think about this stretegy ?
I'm a beginner in this DIBS and I'd like to receive any advice from expert DIBS traders !
Thanks in advance.
Montecristo.
  • #845
  • May 28, 2008 2:58am May 28, 2008 2:58am
Quoting Montecristo_
Hi, traders.
No one short on USD/CHF ??
Inside bar at 6.00 GMT.

Attached chart:
http://img444.imageshack.us/my.php?image=graficifw0.gif


Bye.
Have a good trading day !
Montecristo
Have you read the thread? We are already there
  • #846
  • May 28, 2008 2:59am May 28, 2008 2:59am
Quoting jarroo
I would like to see a more "robust" break like yesterday.
Just to clarify (if I might yet again!) on the chart posted with above quote (post 811), your start of day (assuming vertical dotted line) is in the middle of nowhere. If you are going to use this you could not take that particule breakout trade because the breakout (long) was below the level of your days start.

Or have I got it wrong again!

From the point of view of seeing a "more robust break" I tried waiting for the close of the breakout bar, before entering a trade but I missed too many.
Good Trading
  • #847
  • May 28, 2008 3:03am May 28, 2008 3:03am
103.90 seems an unbreakable support for UJ... For those well versed in Fibo and SR, do you know is there any particular significance to this level?
  • #848
  • May 28, 2008 3:04am May 28, 2008 3:04am
Quoting Montecristo_
I closed 2 lots 1,0264
3 lots remaining with "SL" at 1,0289 and Tp at 1,0224.
What do you think about this stretegy ?
I'm a beginner in this DIBS and I'd like to receive any advice from expert DIBS traders !
Thanks in advance.
Montecristo.
Iam not any DIBS expert, but I think it looks good. I will say what I have learned: you have to find your own moneymanagement as we are all different so if this fits you then go with it. For me I'll keep some part of this trade in a free ride and take some more profits along the road.
  • #849
  • May 28, 2008 3:08am May 28, 2008 3:08am
Quoting blueskies
103.90 seems an unbreakable support for UJ... For those well versed in Fibo and SR, do you know is there any particular significance to this level?
if you look at the H4 chart you can see that it's a heave support/resistance area
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 172 KB
  • #850
  • May 28, 2008 3:14am May 28, 2008 3:14am
Quoting aud
Just to clarify (if I might yet again!) on the chart posted with above quote (post 811), your start of day (assuming vertical dotted line) is in the middle of nowhere. If you are going to use this you could not take that particule breakout trade because the breakout (long) was below the level of your days start.

Or have I got it wrong again!

From the point of view of seeing a "more robust break" I tried waiting for the close of the breakout bar, before entering a trade but I missed too many.
If i may answer: The first trade short is based on the open at 0000GMT (because it's a JPY pair) and the long trade is based on the 0500GMT open price. Jarroo has said that he is looking at 0000-0500 for the JPY-pairs and then go to the 0500 open
  • #851
  • May 28, 2008 3:15am May 28, 2008 3:15am
Hi daytrading, are you serious with that statement? If so, how many trades have you taken? Have you been systematically trading the pairs, or a little bit of testing here and there?

Is everyone else experiencing the same too when you have strictly followed the rules?

R

Quoting daytrading
Dear all,

I am posing a PM ...

regards,
daytrading

Hi,

i am in the DIBS thread since the benning. Trading this strictrly with Peter rules i have only losses. Maybe is because

regards,
daytrading
  • #852
  • May 28, 2008 3:17am May 28, 2008 3:17am
Quoting Rocroy
Hi daytrading, are you serious with that statement? If so, how many trades have you taken? Have you been systematically trading the pairs, or a little bit of testing here and there?

Is everyone else experiencing the same too when you have strictly followed the rules?

R
Rocroy,

Read the message again. I am not trading his method - someone sent me a PM which I posted here.

regards
daytrading
Enter Signature
  • #853
  • May 28, 2008 3:17am May 28, 2008 3:17am
All of a sudden, oil (and gold) drops heavy and takes USD up with it. Can someone explain this sudden move, any news?
  • #854
  • May 28, 2008 3:18am May 28, 2008 3:18am
Thanks for info. Two losses in a row (EJ & UJ) using DIBS, while missing out on a profitable trade (UC).

Do you guys use some methods to choose the "higher probability" pairs?
  • #855
  • May 28, 2008 3:20am May 28, 2008 3:20am
sorry, my bad.

Anyways, the results sofar would be interesting? Statistics, anyone?

Quoting daytrading
Rocroy,

Read the message again. I am not trading his method - someone sent me a PM which I posted here.

regards
daytrading
  • #856
  • May 28, 2008 3:29am May 28, 2008 3:29am
Quoting Rocroy
sorry, my bad.

Anyways, the results sofar would be interesting? Statistics, anyone?
I am doing ok so far. But if you read PC's posts you see that once you can understand the market a bit better and find those IB's that has bigger probability then you'll start to see the difference I think. And as he says, as long as you keep your losses short and let your profits run then this is a great method. Remember that we are looking for low risk high reward entries, so we are not really looking for the win ratio to be that high but rather resonable. Iam gonna start looking back in the charts to see which DIBS has been good and which havent and try to make some kind of analysis to improve this but so far so good.
  • #857
  • May 28, 2008 3:35am May 28, 2008 3:35am
Quoting NowAndLater
It's one of the reasons to why I dont take big IB's, risk:reward ratio is not as good. But the IB range for my comfort is different with different pairs, it all depends the average daily range for me.
And yes the cost for 2 minilots is obviously twice as big as for 1 minilot, but it's still 5 pips. The difference is that every pip is worth twice as much with 2 minilots. Remeber that its not about opening 2 minilots or 5 or whatever. Your positionsize should be according to the amount of % of your account you are willing to risk on a trade. So if you are risking 2% on one trade and that, after calculating your stoploss, equals to 1 minilot then you will close half of that minilot at 1:1 and let the other half run.
From where to where have you drawn your fib?
Hi ANL,
How do I close a half minilot in MT4 platform ? I think it is impossible. That's why I enter with 2 minilots, and close one at the S.L. range.

I took the fibo from 1.0276 to the very top, as I was not sure it will go much down.

Appreciate your reply,

Shefa.
  • #858
  • May 28, 2008 3:45am May 28, 2008 3:45am
Quoting Shefa
Hi ANL,
How do I close a half minilot in MT4 platform ? I think it is impossible. That's why I enter with 2 minilots, and close one at the S.L. range.

Appreciate your reply,

Shefa.
If you doubleclick on the order in the terminal a box pops up. Change the "Type" (red circle) to "Market Execution". If you have opened 1 minilot in the you would see "0.10" in "Volume" (Green circle). Write in the box "0.05" and press the yellow "Close" button (blue circle).
Attached Image (click to enlarge)
Click to Enlarge Name: Terminal.JPG Size: 60 KB
  • #859
  • May 28, 2008 3:47am May 28, 2008 3:47am
Quoting blueskies
Thanks for info. Two losses in a row (EJ & UJ) using DIBS, while missing out on a profitable trade (UC).

Do you guys use some methods to choose the "higher probability" pairs?
Hi Blueskies,

It is not only higher probability of pairs, but also of directions.

I, at least, do not have at the moment a set of rules that will avoide entering losing trades.

Shefa.
  • #860
  • May 28, 2008 3:50am May 28, 2008 3:50am
Quoting Shefa
Hi Jarroo,

Thanks for your reply. English is not my first language, and I do not know what does it means to "blow my mind". Hope it does not mean you are angry, as this was not my intend.

Wish you many pps,

Shefa.
No. Not angry at all. It's just that I changed the trade totally.
Indicators show the past. Price Action "Indicates" the future.
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