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The DIBS Method... No Free Lunch continues

  • #1,481
  • Jun 10, 2008 8:59am Jun 10, 2008 8:59am
I have been working on the IB idea for some time and I have adapted the system in the same way that you have. I have found that by identifying major S & R, and using the important weekly and monthly pivots (something a lot of people overlook) and of course the fibs, the results keep pouring in.

Good luck trading.
  • #1,482
  • Jun 10, 2008 9:03am Jun 10, 2008 9:03am
Sory My Last Post Was Directed To 'now And Later'
  • #1,483
  • Jun 10, 2008 9:30am Jun 10, 2008 9:30am
Quoting NowAndLater
US Trade balance in about 45 minutes, no trades until then. UJ now looking like one of HT's perverted IB's. Will see what happens in about an hours time, lets hope for some good figures in the trade balance so the free ride trades can continue.
Hey NAL...

Just came back to lunch.... Looks like we got some big perversion in U/J.... 3 bars in a row... Gosh, what a naughty move....

But the 3rd bar messed with the daily open.... I didn't take the trade, I was...huh... working... But if I had take it, I would put my entry orders at the limits of the 2nd bar...

seems that the pair is waking up right now.... let's see... I guess Mr. Market didn't care too much about US trade balance this time...

Cheers!

Euro and Swissy riding free..........

HT
Many share my views with me. But I don't share them with them...
  • #1,484
  • Jun 10, 2008 9:52am Jun 10, 2008 9:52am
How's it goin everybody? I hope all of your trades went as well as my gbp/usd and euro trades. I'm amazed they've come this far actually. I've already placed my protective stops up when I just got back up today. Excellent night for dibs.
I dream, therefore I become.
  • #1,485
  • Jun 10, 2008 9:52am Jun 10, 2008 9:52am
Quoting HouseTrader
Hey NAL...

Just came back to lunch.... Looks like we got some big perversion in U/J.... 3 bars in a row... Gosh, what a naughty move....

But the 3rd bar messed with the daily open.... I didn't take the trade, I was...huh... working... But if I had take it, I would put my entry orders at the limits of the 2nd bar...

seems that the pair is waking up right now.... let's see... I guess Mr. Market didn't care too much about US trade balance this time...

Cheers!

Euro and Swissy riding free..........

HT
Yeah, well I entered UJ at the break of that 3rd bar in the downturn @106.90 with the stop just below that bar. But Im not liking the priceaction as nothing really happend since 1,5 hour and looking at the smaller time I see that it has done a higher low which matches my entryprice so I have moved my stoploss to breakeven for the entire position and will take half out at 107.27 and let the rest ride.

Now im going out for some barbeque in the backyard, see u later.
  • #1,486
  • Jun 10, 2008 10:04am Jun 10, 2008 10:04am
Quoting NowAndLater
Now im going out for some barbeque in the backyard, see u later.
How dare you telling this to me?????

Man I got to go back to my office right now... patients are becoming so impatient these days...

Agree with you... I don't like let money on the table... winning becoming loser kills me... If your feeling tells you that the Jap's are not going to fly, better bring the cash to the pocket and enjoy the meal....

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,487
  • Jun 10, 2008 11:32am Jun 10, 2008 11:32am
Quoting HouseTrader
patients are becoming so impatient these days...
You should have that at the bottom of ur posts

Just finished with the barbequing, and came back to see that half my position has closed at 107.27 . Now backout to eat the meat, and when I come back it better be at 107.60 so I can move my stoploss on the other half a little.
Have moved the sl on GU and EU and locked in some profits. Good day today
  • #1,488
  • Jun 10, 2008 12:58pm Jun 10, 2008 12:58pm
Please find attached 2 indicators with nearly the same name. They aredesigned to show multiple timeframe trends based on 2 moving averages. i.e. You are looking at a 1 hr tf but can also see the trend for 4hr/1d/1w & 1month.
Add the the first indicator.....bar and then drag the .....bar2 over the top of the first.

THESE ARE MOR MT4 and go in the experts\indicators directory

I trust someone finds them useful.

I take no credit, I didn't build them but thought they may be of interest/use.

Great system.

------------------------------------------------------------
To achieve the unusual you have to do the unusual
Attached File(s)
File Type: mq4 4 TF HAS Bar.mq4   10 KB | 745 downloads
File Type: mq4 4 TF HAS Bar2.mq4   10 KB | 762 downloads
  • #1,489
  • Jun 10, 2008 1:25pm Jun 10, 2008 1:25pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting stevecartwright
Please find attached 2 indicators with nearly the same name. They aredesigned to show multiple timeframe trends based on 2 moving averages. i.e. You are looking at a 1 hr tf but can also see the trend for 4hr/1d/1w & 1month.
Add the the first indicator.....bar and then drag the .....bar2 over the top of the first.

THESE ARE MOR MT4 and go in the experts\indicators directory

I trust someone finds them useful.

I take no credit, I didn't build them but thought they may be of interest/use.

Great system.

------------------------------------------------------------
To achieve the unusual you have to do the unusual
so what is the intended use,

i have a 3ma crossover indicator that will alert you if any of it's 18 pairs forms a trend (only needs to be run on 1 chart on 1h tf), so if there is a use for this kind of thing please explain, and i'll hook you all up,
i also have a partner for it that shows on your current chart what all the other TF's are doing (long short or retracing).

i'm busy testing something else at the moment, so i'm a little behind on the DIB's (will catch up soon) and i had intended to test it against a trend indicator, but the idea is simply that the trade is based on the daily trend - based of the daily open

regards

MPP
  • #1,490
  • Jun 10, 2008 1:34pm Jun 10, 2008 1:34pm
I was nearly caustic with my reply and then suddenly realised to be nice to animals today!! What part of "multiple tf trends" did you not understand and by the way I have an even bigger one if you want it!!. There is and has been discussion about looking at daily/weekly trends right from the first post, yes I have read all of them on all the threads, befor eI started posting, and thought they may be of ineterst.

People can take them or leave them they may be of ineterst or not, it won't make any difference to me.


Quoting MPP
so what is the intended use,

i have a 3ma crossover indicator that will alert you if any of it's 18 pairs forms a trend (only needs to be run on 1 chart on 1h tf), so if there is a use for this kind of thing please explain, and i'll hook you all up,
i also have a partner for it that shows on your current chart what all the other TF's are doing (long short or retracing).

i'm busy testing something else at the moment, so i'm a little behind on the DIB's (will catch up soon) and i had intended to test it against a trend indicator, but the idea is simply that the trade is based on the daily trend - based of the daily open

regards

MPP
  • #1,491
  • Jun 10, 2008 2:29pm Jun 10, 2008 2:29pm
Quoting NowAndLater
You should have that at the bottom of ur posts

Oh damn miserable working life.... You just finished your barbeque.... I just came from the office (I'd say also infested with germs, but that would mess with your dessert... opss... I think I did it... sorry...)

Maybe I can add that to my signature.... but that Vicodin thing is waaaaaay more interesting...

By the way, nice trade NAL, enjoy the free Japan Airlines flight!

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,492
  • Jun 10, 2008 3:05pm Jun 10, 2008 3:05pm
i think they are the famous don steinitz indicators i gived up with indicators sorry they ruin my beautiful green eyes or is the vicodin
  • #1,493
  • Jun 10, 2008 3:51pm Jun 10, 2008 3:51pm
Quoting HouseTrader
Oh damn miserable working life.... You just finished your barbeque.... I just came from the office (I'd say also infested with germs, but that would mess with your dessert... opss... I think I did it... sorry...)

Maybe I can add that to my signature.... but that Vicodin thing is waaaaaay more interesting...

By the way, nice trade NAL, enjoy the free Japan Airlines flight!

Cheers!

HT
Very nice day, I know this is way off topic but I'm Swede living in the UK and just watched Sweden win in the football European championships. Trading good + food good + football good = Life is good!

One more thing: cant really believe that the majors have moved so many pips today (except for USDJPY which is right on the daily average range). The oil dropped heavy in the US session and Bernake and his hawkish dollar can continue for all I care, it's time to turn this global downturn around. I've locked in some more pips in the cable and euro - and I can say that today has been the best trading day so far (I'm still a newbie with only 6 month experience). Ok enough gloating - it's about the long haul (lets hope I can be there later as well).
  • #1,494
  • Edited 4:15pm Jun 10, 2008 4:11pm | Edited 4:15pm
Quoting NowAndLater
Very nice day, I know this is way off topic but I'm Swede living in the UK and just watched Sweden win in the football European championships. Trading good + food good + football good = Life is good!

One more thing: cant really believe that the majors have moved so many pips today (except for USDJPY which is right on the daily average range). The oil dropped heavy in the US session and Bernake and his hawkish dollar can continue for all I care, it's time to turn this global downturn around. I've locked in some more pips in the cable and euro - and I can say that today has been the best trading day so far (I'm still a newbie with only 6 month experience). Ok enough gloating - it's about the long haul (lets hope I can be there later as well).
C'mon.... don't deviate the thread! (.....just saying that cause Brazil horribly played and LOST a friendly match against VENEZUELA couple of days ago.... .....what a shame!)

Enjoy the good day my friend...

Yesterday I couldn't trade ..... was working all day without a break.... but today the trades compensate me well...

Cheers!

PS: Just saw it now... you just beat the Champion team! Nice!....
Many share my views with me. But I don't share them with them...
  • #1,495
  • Jun 10, 2008 5:05pm Jun 10, 2008 5:05pm
Quoting NowAndLater
Very nice day, I know this is way off topic but I'm Swede living in the UK and just watched Sweden win in the football European championships. Trading good + food good + football good = Life is good!

Congrats. Sweden played pretty well and I´m glad they beat the greece soccer destroyers. I apologize in the name of all Germans that coach Rehhagel let his team play such an incredibly destructive soccer.
  • #1,496
  • Jun 10, 2008 7:00pm Jun 10, 2008 7:00pm
hi everyone i am new to forex and this forum, and find this post very interesting my question is, has there been a EA posted for this system yet, i did see a mention of it in the much earlier posts, but have not seen anything
lately
  • #1,497
  • Jun 10, 2008 7:43pm Jun 10, 2008 7:43pm
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
Hello,
Definition of an inside bar: Who's high is less than previous bar's high value, and who's low is greater than previous bar's low value.

Hope I helped, and God bless You!
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #1,498
  • Jun 10, 2008 7:57pm Jun 10, 2008 7:57pm
Quoting denexer
hi everyone i am new to forex and this forum, and find this post very interesting my question is, has there been a EA posted for this system yet, i did see a mention of it in the much earlier posts, but have not seen anything
lately
Many share my views with me. But I don't share them with them...
  • #1,499
  • Jun 10, 2008 9:20pm Jun 10, 2008 9:20pm
Hi Guys. We've had some pretty good results lately. I'm just wondering how people are managing their trades.Last session I picked up 6% total on 6 pairs. Risking 2% per trade and taking 1% off at 1:1. For the remainder Ive been setting the stop at the high of the previous bar. I'm sure this can be improved on. In the past short while Ive let them run till the Asian session before closing them out.(with the stop set to B:E, so if I get stopped I'd make 1 %).That has given me pretty mixed results.I like NowAndLaters idea of going with the trend and waiting for the A grade set ups.
So, what are you guys using for the 2nd TP target?
Thanks, Bogus
FF journal: Peaks and Troffs
  • #1,500
  • Jun 10, 2008 10:50pm Jun 10, 2008 10:50pm
Hello everybody!
I've coded an update to "Jarroo".
---
What is does(it is attached):
(1)Draws rectangular boxes for inside bars(past and present); You can set the length of the box(left-to-right), and the color of the box.
(2)It enters only on the bar that has it's previous bar made up of an inside bar(IB).
(3)It contains Lots,StopLoss,TakeProfit,and TrailingStop(value and true/false pick) all to be configurable.
(4)You can set StopNReverse true/false(if true, then only on the bar that has it's previous bar made up of an inside bar(IB)).
(5)It enters between a certain time(this is where You can make it trade during a specific time, for example, only during LondonOpen).
(6)It draws text on the top-middle screen(the current date and time); You can set the color of it.
---
I've coded it just as I understood it.
Hope You guys like it.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Jun. 10 20.49.jpg Size: 74 KB
Attached File(s)
File Type: ex4 Jarroo.ex4   8 KB | 821 downloads
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