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The DIBS Method... No Free Lunch continues

  • #1,901
  • Jun 16, 2008 11:27pm Jun 16, 2008 11:27pm
Quoting ChowClown
1st entry for me this morning just triggered....long UJ.
Based on what? Could you please share a chart to explain? Don't see the setup on my chart...
  • #1,902
  • Jun 16, 2008 11:33pm Jun 16, 2008 11:33pm
Dear all,

I've found something interesting regarding inside bar topic when 'googling'. It is closely related with what you guys have done. just click the link below. Don't worry this is purely reading materials, I didn't sell anything.

http://www.traderslog.com/macdinsidebar.htm
  • #1,903
  • Jun 16, 2008 11:34pm Jun 16, 2008 11:34pm
Quoting doblece
Indeed.
Look at the strength meter: 9.0 CAD vs 1.8 USD (dropped to 1.2 while I was typing) this screen shot was taken 2 minutes ago.

But... would we be taking into account the opening bar as IB?
Absolutely, you can take the opening Bar if it's an IB. You can also take previous hour IBs as long as it is off the 0100 EST Open.
Indicators show the past. Price Action "Indicates" the future.
  • #1,904
  • Edited Jun 17, 2008 12:01am Jun 16, 2008 11:43pm | Edited Jun 17, 2008 12:01am
Quoting NowAndLater
Based on what? Could you please share a chart to explain? Don't see the setup on my chart...
...i took a break of the 5am(BST) IB.

Edit:...which has now stopped and reversed. Less than 0.5% risk each.

Edit:...short now stopped. <1% lost on UJ with those 2 trades.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 17th June 08 (1).GIF Size: 130 KB
  • #1,905
  • Jun 16, 2008 11:46pm Jun 16, 2008 11:46pm
I haven't an opening inside bar on USDCAD...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 16 KB
  • #1,906
  • Jun 16, 2008 11:46pm Jun 16, 2008 11:46pm
USDCHF starting to show more strength difference too... 7.7 CHF vs 0.8 USD... keep an eye on it.
  • #1,907
  • Jun 16, 2008 11:48pm Jun 16, 2008 11:48pm
hey guys,just finished reading this thread & going through pc s thread for the second time.

this thread is excellent & the dibs stategy looks simple & easy to use,i look forward to chatting plenty over the coming months & more.

andrew.
Survive & Preserve
  • #1,908
  • Jun 16, 2008 11:52pm Jun 16, 2008 11:52pm
Quoting Alberto_Jazz
I haven't an opening inside bar on USDCAD...
Mine isn't technically either... one pip lower than the previous one... but nevertheless shorts are looking good.
  • #1,909
  • Jun 17, 2008 12:09am Jun 17, 2008 12:09am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting spmaon
Dear all,

I've found something interesting regarding inside bar topic when 'googling'. It is closely related with what you guys have done. just click the link below. Don't worry this is purely reading materials, I didn't sell anything.

http://www.traderslog.com/macdinsidebar.htm
Nice link, thank you - did find what setings the MACD was, would like to see if it works as a filter.
  • #1,910
  • Jun 17, 2008 12:21am Jun 17, 2008 12:21am
Just have a look @ USDJPY now ..... Shorting candidate ??
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,911
  • Jun 17, 2008 12:24am Jun 17, 2008 12:24am
Quoting Alberto_Jazz
I haven't an opening inside bar on USDCAD...
Actually the lows were the same and I took it. I'm not using my regular charts because I"m not at home. I'll post those charts when I get home they may look different.
Indicators show the past. Price Action "Indicates" the future.
  • #1,912
  • Jun 17, 2008 12:52am Jun 17, 2008 12:52am
Quoting MPP
Nice link, thank you - did find what setings the MACD was, would like to see if it works as a filter.
MPP,

I would try the standard setting 12,26,9 and then make adjustments from there.

Al
  • #1,913
  • Jun 17, 2008 1:29am Jun 17, 2008 1:29am
Quoting andrewb7
hey guys,just finished reading this thread & going through pc s thread for the second time.

this thread is excellent & the dibs stategy looks simple & easy to use,i look forward to chatting plenty over the coming months & more.

andrew.

Welcome to DIBS .... I am a newbie to this thread ....

Cheers

PS : How about a small recap about DIBS from seniors here with charts ( only the 4 pairs which Peter suggest) .... would be a great help ...

Thanks
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,914
  • Jun 17, 2008 1:31am Jun 17, 2008 1:31am
Quoting rpasupathy
Welcome to DIBS .... I am a newbie to this thread ....

Cheers

PS : How about a small recap about DIBS from seniors here with charts ( only the 4 pairs which Peter suggest) .... would be a great help ...

Thanks
I would suggest just looking back in the thread, a lot of good charts to be found.
  • #1,915
  • Jun 17, 2008 1:36am Jun 17, 2008 1:36am
Quoting NowAndLater
I would suggest just looking back in the thread, a lot of good charts to be found.
ok NAL... Thanks for the reply ... Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,916
  • Jun 17, 2008 1:39am Jun 17, 2008 1:39am
Quoting rpasupathy
ok NAL... Thanks for the reply ... Cheers
I feel a bit harsh now... Sorry if I sounded like I didn't want to help, but there really are a lot of good charts
  • #1,917
  • Jun 17, 2008 1:39am Jun 17, 2008 1:39am
Quoting rpasupathy
Welcome to DIBS .... I am a newbie to this thread ....

Cheers

PS : How about a small recap about DIBS from seniors here with charts ( only the 4 pairs which Peter suggest) .... would be a great help ...

Thanks
welcome to the thread, would have to agree you must read all of peters posts to understand properly and look at last night to get a feel for dibs trading it was excellent
  • #1,918
  • Jun 17, 2008 1:43am Jun 17, 2008 1:43am
Quoting NowAndLater
I feel a bit harsh now... Sorry if I sounded like I didn't want to help, but there really are a lot of good charts
No NAL .... Nothing like that .... You have, jarroo and lot of others have helped ....

I will start reading the thread again ...

JUst keep posting charts for any new trades from hereon so that we can also see it live and understand ... (or me as a bit dumb here )

Cheers Pal...
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,919
  • Edited 1:55am Jun 17, 2008 1:51am | Edited 1:55am
is the only pair that looks like its still a possibility, if it doesnt break through 167.59 in the next 10 minutes...anybody see anything else? Raz
ah and usdcad ...
forget ej just broke the top of that last bar...
Never say never.
  • #1,920
  • Jun 17, 2008 1:58am Jun 17, 2008 1:58am
Quoting razldazl
is the only pair that looks like its still a possibility, if it doesnt break through 167.59 in the next 10 minutes...anybody see anything else? Raz
ah and usdcad ...
forget ej just broke the top of that last bar...
USD/CAD will be a good one on the short if it gets back there!
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