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The DIBS Method... No Free Lunch continues

  • #1,421
  • Jun 10, 2008 12:01am Jun 10, 2008 12:01am
Pound IB
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,422
  • Jun 10, 2008 12:02am Jun 10, 2008 12:02am
Quoting shodd
Very nice IBs on the EURUSD and USDCHF. Looking for long on EUR and short CHF at this moment in time (this could reverse on the EUR so will have to be quick to catch that), although the EUR being less risk looks the better option
Indicators show the past. Price Action "Indicates" the future.
  • #1,423
  • Jun 10, 2008 12:02am Jun 10, 2008 12:02am
Quoting jarroo
it got there but is going to run .
It's not helping my First Strike trade, but this one has a lot more size.
  • #1,424
  • Jun 10, 2008 12:04am Jun 10, 2008 12:04am
Wow had to be quick with the EUR. Was thinking long but am now in short @ 1.5577.
Leonardo Follower
  • #1,425
  • Jun 10, 2008 12:04am Jun 10, 2008 12:04am
Quoting billflet
It's not helping my First Strike trade, but this one has a lot more size.
I've seen this Gbp/Jpy act like this before. When it starts running get out of her way and hang on.
Indicators show the past. Price Action "Indicates" the future.
  • #1,426
  • Jun 10, 2008 12:07am Jun 10, 2008 12:07am
Quoting jarroo
I've seen this Gbp/Jpy act like this before. When it starts running get out of her way and hang on.
Or should I have said the pound.
Indicators show the past. Price Action "Indicates" the future.
  • #1,427
  • Jun 10, 2008 12:11am Jun 10, 2008 12:11am
first trade is closed on the pound, second now has stop set a BE. eur is still alittle behind ;-)
  • #1,428
  • Jun 10, 2008 12:14am Jun 10, 2008 12:14am
Quoting jarroo
Pound IB
How pretty is this. A vigorous break.
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Indicators show the past. Price Action "Indicates" the future.
  • #1,429
  • Jun 10, 2008 12:27am Jun 10, 2008 12:27am
Quoting billflet
Gettin' better, that's for sure.
If we can get that Usd/Jpy to start cooperating, we'll look even better.
Indicators show the past. Price Action "Indicates" the future.
  • #1,430
  • Jun 10, 2008 12:28am Jun 10, 2008 12:28am
this is where I need to learn to let it go....this is why I think I'll like this method best with it having having concrete rules
  • #1,431
  • Jun 10, 2008 12:30am Jun 10, 2008 12:30am
Quoting jarroo
If we can get that Usd/Jpy to start cooperating, we'll look even better.
That pair has been pretty unexciting tonite.
  • #1,432
  • Jun 10, 2008 12:30am Jun 10, 2008 12:30am
Quoting mudskipper
this is where I need to learn to let it go....this is why I think I'll like this method best with it having having concrete rules
Always give your trades a chance to run. You will never capture an entire move. That's how trades last for days, weeks and months.
Indicators show the past. Price Action "Indicates" the future.
  • #1,433
  • Jun 10, 2008 12:33am Jun 10, 2008 12:33am
Let me re-state this: A vigorous break.
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Indicators show the past. Price Action "Indicates" the future.
  • #1,434
  • Jun 10, 2008 12:37am Jun 10, 2008 12:37am
Quoting billflet
That pair has been pretty unexciting tonite.
It looks tired from hanging on. It's trying not to fall. (no bias, of course. )
Indicators show the past. Price Action "Indicates" the future.
  • #1,435
  • Jun 10, 2008 1:00am Jun 10, 2008 1:00am
Possible target for the Gbp/Jpy at S/R level 208.00ish.
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Indicators show the past. Price Action "Indicates" the future.
  • #1,436
  • Jun 10, 2008 1:04am Jun 10, 2008 1:04am
Pls save my soul. I have been hanging out here for some time now. Great guys here. I think this method is cool. I have been trying to understand it. But to be honest some terms are very weird to me.

First and foremost what is an inside bar?

How do we recognize it?

Is it better looked for in the 1hr,4hr or daily TFs?

Which Broker is used as the standard open for the day?

Forgive my ignorance and save my account. 100 pips to you for that

thanks all
  • #1,437
  • Jun 10, 2008 1:05am Jun 10, 2008 1:05am
DIBS on the Usd/Jpy.
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Indicators show the past. Price Action "Indicates" the future.
  • #1,438
  • Jun 10, 2008 1:10am Jun 10, 2008 1:10am
Quoting jarroo
Possible target for the Gbp/Jpy at S/R level 208.00ish.
The daily chart is even more encouraging.
  • #1,439
  • Jun 10, 2008 1:11am Jun 10, 2008 1:11am
Quoting trustGod1234
Pls save my soul. I have been hanging out here for some time now. Great guys here. I think this method is cool. I have been trying to understand it. But to be honest some terms are very weird to me.

First and foremost what is an inside bar?

How do we recognize it?

Is it better looked for in the 1hr,4hr or daily TFs?

Which Broker is used as the standard open for the day?

Forgive my ignorance and save my account. 100 pips to you for that

thanks all
An Inside Bar (candle) is a bar (or candle) that its High is lower then the previous bar's High. And it's Low is higher then the previous bar's Low. See Usd/Jpy above.

I suggests you read (study) both threads carefully again.
Indicators show the past. Price Action "Indicates" the future.
  • #1,440
  • Jun 10, 2008 1:13am Jun 10, 2008 1:13am
Quoting trustGod1234
Pls save my soul. I have been hanging out here for some time now. Great guys here. I think this method is cool. I have been trying to understand it. But to be honest some terms are very weird to me.

First and foremost what is an inside bar?

How do we recognize it?

Is it better looked for in the 1hr,4hr or daily TFs?

Which Broker is used as the standard open for the day?

Forgive my ignorance and save my account. 100 pips to you for that

thanks all
Hi Trust,

Don't mean to be rude to you but have you read any of this thread yet? I believe if you did you wouldn't be asking these questions. Also, Google "inside bar" and I'm sure you will find a definition.
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