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The DIBS Method... No Free Lunch continues

  • #1,661
  • Jun 12, 2008 3:23am Jun 12, 2008 3:23am
Quoting Archiphage
I'm green with envy. I'm not sure why I wasn't watching Cable a little closer this week. It's getting awful close to that important long-term support line again.
You read my mind Arch. I may cut this one loose.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,662
  • Jun 12, 2008 3:25am Jun 12, 2008 3:25am
oops, misinterpreted something - my brain is looking at too many patterns at once!
  • #1,663
  • Jun 12, 2008 3:29am Jun 12, 2008 3:29am
Quoting jarroo
You read my mind Arch. I may cut this one loose.
I was thinking more about this one, but your point is taken. (I think penetration of this area is in the near future, but probably not this week.)
Attached Image (click to enlarge)
Click to Enlarge Name: cablewatch2.gif Size: 17 KB
  • #1,664
  • Jun 12, 2008 3:31am Jun 12, 2008 3:31am
Quoting jarroo
You read my mind Arch. I may cut this one loose.
Nothing wrong with banking profit in a area like this and moving on to next set up.
  • #1,665
  • Jun 12, 2008 3:34am Jun 12, 2008 3:34am
Quoting f4mnect
Nothing wrong with banking profit in a area like this and moving on to next set up.
Ditto that f4. I'll lock in some pips and give it chance.

It might want to revisit those lows Arch.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,666
  • Jun 12, 2008 3:40am Jun 12, 2008 3:40am
Gotta go gang. Another great session of profits, learning and practise.

And . . . oh Yeah . . . .Fun.

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,667
  • Jun 12, 2008 3:43am Jun 12, 2008 3:43am
Hi Oskana, I have some questions about your EA.

1.I see that the order is placed only on the next bar, after the inside bar. Is it the original approach (from Jarroo)? Is there the possibility to place the order for a certain number of bars? For instance, for all the day, in order to use the high of the inside bar as a resistance?

2.If a trade is opened, what’s happen during the same bar, for instance:
a)the price retrace under the entry level
b)then the price DON’T take the stop loss
c)then the price break another time the entry level.
I’d like the expert could have the possibility to open the trade only if the previous trade opened on that bar was stopped out, otherwise I would obtain 2 positions.

3.Is there the possibility to consider as open bar the London open time (like daily_open_line indicator in this topic).

I hope this make sense. Sorry for my bad English...
Thank you very much!
  • #1,668
  • Jun 12, 2008 3:45am Jun 12, 2008 3:45am
I feel a little bit like Antonio Esfandiari on HighStakePoker when they were playing the $1million buyin game. He was always saying "I love this", "We should do this every day" and so on. He almost never played a hand, but he was loooving every second. I have to say the same about this thread (only difference is I'm participating and trading ). It's simply amazing, thanks to everyone that has contributed, especially thanks to PC, Bemac and Jarroo.

Just one more thing: I love this!
  • #1,669
  • Jun 12, 2008 4:02am Jun 12, 2008 4:02am
Quoting NowAndLater
I feel a little bit like Antonio Esfandiari on HighStakePoker when they were playing the $1million buyin game. He was always saying "I love this", "We should do this every day" and so on. He almost never played a hand, but he was loooving every second. I have to say the same about this thread (only difference is I'm participating and trading ). It's simply amazing, thanks to everyone that has contributed, especially thanks to PC, Bemac and Jarroo.

Just one more thing: I love this!
I must say that I don't have a clue about poker, but I got what you meant.

Ok, I'm a doctor, and even in an "emerging" country like Brazil, it's a good job. It pays my bills and gives me a regular good life. I don't pay rental anymore, I can drink my wine sometimes, and I have free weekends. And I take it very seriously. But, believe me, it is way more stressful than trading.

But I have a natural born "disease". I LOVE TRADING.... since my beginning, years ago on stocks, I knew that this thing caught me... And this particular trading style we are learning with this amazing thread hooked me like a starving fish...

Thanks, NAL, for inspiring me to make this statement. I always wanted to...

And Thanks again to all that made it possible, especially Jarroo, Peter and Bemac!

Cheers!

HT

PS: Damn! Got to go to my impatient patients right now....
Many share my views with me. But I don't share them with them...
  • #1,670
  • Jun 12, 2008 4:09am Jun 12, 2008 4:09am
Gotta love it. NAL you raised a point yesterday (I think) about having trades on the same pairs in both directions.

It seems to me that as the objective is to have free trades "hanging about for as long as possible", there will be many times when a long standing trade is in place with a wide s/l. As such there will be moves in the opposite direction which qualify as new Dibs. Given that the outcome is unknown, the logical things seems to be to have both trades, notwithstanding their initial hedging effect.
Good Trading
  • #1,671
  • Jun 12, 2008 4:13am Jun 12, 2008 4:13am
I have been looking at the possibility of running a live trading room from
6 a.m until about 6 p.m(U.K local time) Mon -Friday, using the IB principles in conjunction with other analysis. Please get back to me if you think this would be useful. The technology is available with very manageable operating costs.
  • #1,672
  • Jun 12, 2008 4:18am Jun 12, 2008 4:18am
thought I'd post this chart of the last 6 IBs on Eur/Usd 4hr.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 4hr ibs.gif Size: 7 KB
  • #1,673
  • Jun 12, 2008 4:33am Jun 12, 2008 4:33am
Quoting fxtraderuk
I have been looking at the possibility of running a live trading room from
6 a.m until about 6 p.m(U.K local time) Mon -Friday, using the IB principles in conjunction with other analysis. Please get back to me if you think this would be useful. The technology is available with very manageable operating costs.
That would be of interest to me FXtraderuk
  • #1,674
  • Edited 4:49am Jun 12, 2008 4:36am | Edited 4:49am
Quoting fxtraderuk
I have been looking at the possibility of running a live trading room from
6 a.m until about 6 p.m(U.K local time) Mon -Friday, using the IB principles in conjunction with other analysis. Please get back to me if you think this would be useful. The technology is available with very manageable operating costs.
open a skipecast its easy no chat one speak and the others listen
if you want to speak you ask to the senior member if you can speak
its easy
the only skipecast about forex is in Russian
operating cost = 0 you need only an internet connection
they do their briefing also on Saturday and Sunday
  • #1,675
  • Jun 12, 2008 4:44am Jun 12, 2008 4:44am
Quoting rod30
open a skipecast its easy no chat one speak and the others listen
if you want to speak you ask to the senior member if you can speak
its easy
the only skipecast about forex is in Russian
operating cost = 0 you need only an internet connection

That sounds good but does it have visuals. The main concept for the live trading room would be live charts and a trading room that encouraged participants to share their knowledge and experience.
  • #1,676
  • Jun 12, 2008 4:49am Jun 12, 2008 4:49am
Hey you guys,

I thought i'd jump in with a suggestion, been lurking in the background following this thread amongst others, really loving it.

I am in full time employment now but only have one week to go, my girlfriend is pregnant (due in four weeks) so we are leaving "The big smoke" (london) and heading back up north to Liverpool to be closer to our families. I am going to be studying for my masters full time and will be able to spend any time not studying my course to studying charts (and looking after the little one, of course!).

Now to the main point of my post! Some guys in another thread have opened up a room on a site called trading rooms dot com. Its free to register and looks pretty cool, i will be signing up in the next week and i thought maybe you could move the gang over there?

Regards
Nick
The customer is always right!
  • #1,677
  • Jun 12, 2008 5:03am Jun 12, 2008 5:03am
Quoting HouseTrader
PS: Damn! Got to go to my impatient patients right now....
You and your impatient patients
  • #1,678
  • Jun 12, 2008 5:20am Jun 12, 2008 5:20am
I think a "chat site" at Trading Rooms has been set up already.
Trading Rooms>Community Trading Rooms>DIBS
It's a bit quiet at the moment.
Good Trading
  • #1,679
  • Jun 12, 2008 5:26am Jun 12, 2008 5:26am
HT,

I am in a similar situation. I have a day job but I love trading. I actually did it for a living for a while, part success and part not so successful. However I find I just can't stay away from the markets.

I really like DIBS because with some other stuff I use if provides strict trade guidelines.

Cheers all

Quoting HouseTrader
I must say that I don't have a clue about poker, but I got what you meant.

Ok, I'm a doctor, and even in an "emerging" country like Brazil, it's a good job. It pays my bills and gives me a regular good life. I don't pay rental anymore, I can drink my wine sometimes, and I have free weekends. And I take it very seriously. But, believe me, it is way more stressful than trading.

But I have a natural born "disease". I LOVE TRADING.... since my beginning, years ago on stocks, I knew that this thing caught me... And this particular trading style we are learning with this amazing thread hooked me like a starving fish...

Thanks, NAL, for inspiring me to make this statement. I always wanted to...

And Thanks again to all that made it possible, especially Jarroo, Peter and Bemac!

Cheers!

HT

PS: Damn! Got to go to my impatient patients right now....
  • #1,680
  • Jun 12, 2008 5:29am Jun 12, 2008 5:29am
Who ever that was in the GBPJPY trade earlier which still hasn't developed, I think it will now with the news that is coming. Can't remeber who it was but soon you'll have that move (hope it's in your direction).
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