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The DIBS Method... No Free Lunch continues

  • #1,921
  • Jun 17, 2008 4:20am Jun 17, 2008 4:20am
I havent seen any DIBS today, which is fine - I don't look for a trade, I want the trade to look me up.

EDIT: I only trade the majors, and havent had a single IB on them since the daily open.
  • #1,922
  • Jun 17, 2008 4:24am Jun 17, 2008 4:24am
Quoting NowAndLater

I havent seen any DIBS today, which is fine - I don't look for a trade, I want the trade to look me up.
That's great NAL.
Indicators show the past. Price Action "Indicates" the future.
  • #1,923
  • Jun 17, 2008 4:29am Jun 17, 2008 4:29am
Quoting jarroo
That's great NAL.
That's great NAL.
Lazy Forex
  • #1,924
  • Jun 17, 2008 4:31am Jun 17, 2008 4:31am
Quoting NowAndLater
I havent seen any DIBS today, which is fine - I don't look for a trade, I want the trade to look me up.

EDIT: I only trade the majors, and havent had a single IB on them since the daily open.
I don't look for a trade, I want the trade to look me up. That's cool .......
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,925
  • Jun 17, 2008 4:44am Jun 17, 2008 4:44am
I think the markets gonna range until the housing figures come out later
  • #1,926
  • Jun 17, 2008 4:45am Jun 17, 2008 4:45am
yeah no trades , but to sit out of the market & not chase it is one of the most important parts of trading.

andrew
Survive & Preserve
  • #1,927
  • Jun 17, 2008 5:03am Jun 17, 2008 5:03am
has an IB, I like this pair, its quite smooth....
Never say never.
  • #1,928
  • Jun 17, 2008 5:07am Jun 17, 2008 5:07am
Quoting razldazl
has an IB, I like this pair, its quite smooth....

Thanks for the heads-up, Raz.
  • #1,929
  • Jun 17, 2008 5:08am Jun 17, 2008 5:08am
Thanks raz, I might watch that pair. I know Peter said the usd/chf but for me that's a 6 pip spread.
Good Trading
  • #1,930
  • Jun 17, 2008 5:10am Jun 17, 2008 5:10am
Quoting razldazl
has an IB, I like this pair, its quite smooth....
Has an IB ??

Can you plz post the chart if any ??

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,931
  • Jun 17, 2008 5:11am Jun 17, 2008 5:11am
Wow, 6 pip spread, who is your broker?? I am using Interactive Brokers and its 1 pip on usdchf and 2 on eurchf right now...
Never say never.
  • #1,932
  • Jun 17, 2008 5:17am Jun 17, 2008 5:17am
Quoting rpasupathy
Has an IB ??

Can you plz post the chart if any ??

Cheers
ta da
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 20 KB
Never say never.
  • #1,933
  • Jun 17, 2008 5:18am Jun 17, 2008 5:18am
Quoting NowAndLater
I havent seen any DIBS today, which is fine - I don't look for a trade, I want the trade to look me up.

EDIT: I only trade the majors, and havent had a single IB on them since the daily open.
We got a really good message here...

I woke up at 3 am (damn, you brits with you DST... don't you know I have a day job here in Brazil????), didn't see any DIBS on 1H... looked on 4H, nothing... gone to bed to sleep a little more... and perhaps be a little more patient with my impatient patients....

Today there is a huge lesson about trading, which NAL an Jarroo pointed out well...

Sitting beside the market, when you got no good reason to trade, is a winning attitude... You don't have to be in the market every day, every minute... this is a recipe to disaster, because you must NEVER chase the market...it is faster, stronger, and wiser than you...just let it come to papa ... and be sure it will come, then, you make your killing trade!

I have tried several times to chase the market before, and dust is all I had...

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,934
  • Jun 17, 2008 5:19am Jun 17, 2008 5:19am
i have an ib lat hr candle needs to break it north

my spread is also 2pips
Survive & Preserve
  • #1,935
  • Jun 17, 2008 5:20am Jun 17, 2008 5:20am
Quoting rpasupathy
Has an IB ??

Can you plz post the chart if any ??

Cheers

Pasupathy,

This is what raz is referring to. You may take the break of the high of the 'arrowed' candle.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 12 KB
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,936
  • Jun 17, 2008 5:23am Jun 17, 2008 5:23am
yeah thats what i see tradestar
Survive & Preserve
  • #1,937
  • Jun 17, 2008 5:30am Jun 17, 2008 5:30am
Quoting HouseTrader
We got a really good message here...

I woke up at 3 am (damn, you brits with you DST... don't you know I have a day job here in Brazil????), didn't see any DIBS on 1H... looked on 4H, nothing... gone to bed to sleep a little more... and perhaps be a little more patient with my impatient patients....

Today there is a huge lesson about trading, which NAL an Jarroo pointed out well...

Sitting beside the market, when you got no good reason to trade, is a winning attitude... You don't have to be in the market every day, every minute... this is a recipe to disaster, because you must NEVER chase the market...it is faster, stronger, and wiser than you...just let it come to papa ... and be sure it will come, then, you make your killing trade!

I have tried several times to chase the market before, and dust is all I had...

Cheers!

HT
Nicely put House.

Deciding not to trade is trading.
Indicators show the past. Price Action "Indicates" the future.
  • #1,938
  • Jun 17, 2008 5:36am Jun 17, 2008 5:36am
Quoting TradeStar
Pasupathy,

This is what raz is referring to. You may take the break of the high of the 'arrowed' candle.
Am I correct in thinking it could be a short trade also?

Al
  • #1,939
  • Jun 17, 2008 5:39am Jun 17, 2008 5:39am
Quoting HouseTrader
We got a really good message here...

I woke up at 3 am (damn, you brits with you DST... don't you know I have a day job here in Brazil????), didn't see any DIBS on 1H... looked on 4H, nothing... gone to bed to sleep a little more... and perhaps be a little more patient with my impatient patients....

Today there is a huge lesson about trading, which NAL an Jarroo pointed out well...

Sitting beside the market, when you got no good reason to trade, is a winning attitude... You don't have to be in the market every day, every minute... this is a recipe to disaster, because you must NEVER chase the market...it is faster, stronger, and wiser than you...just let it come to papa ... and be sure it will come, then, you make your killing trade!

I have tried several times to chase the market before, and dust is all I had...

Cheers!

HT
Nicely put HT. I have a suggestion for you: Print out this thread, and while your patients are waiting in the waiting room let them read it. And you should probably have a bigscreen TV with the 4 majors showing in the same screen. Then they should be occupied.
  • #1,940
  • Jun 17, 2008 5:43am Jun 17, 2008 5:43am
Quoting NowAndLater
Nicely put HT. I have a suggestion for you: Print out this thread, and while your patients are waiting in the waiting room let them read it. And you should probably have a bigscreen TV with the 4 majors showing in the same screen. Then they should be occupied.
Many share my views with me. But I don't share them with them...
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