The DIBS Method... No Free Lunch continues
To all the new guys on this thread, I understand you have questions and a lot of them. Here are my questions to all of you:
Have you read PC's posts, all of them more than one time?
Before posting a question - have you read through the this thread?
........
Here's my last quesion: Did PC tell us why this method works, how it works and if it's succesful? If you answer "yes" to all of these questions than you have read and understood, if not please read again.
) and I'm sure he, or anyone here will be ready to answer a good question. Nobody (me included) who is here since the beginning, is an expert or a big dog pit trader. I'm a doctor, full time job, and wake up everyday at 3am to catch the Frankfurt/London open... and this really su#@s!
Bravo, NAL
I do not intend to be rude to anyone, please, but take what NAL said seriously... There's no free lunch, it's on the title of the thread, but the piece of meal here is very, very cheap. Peter has (unfortunately) only about 40 posts, gold-worthing...
Jarroo started this thread to discuss the DIBS method with those who caught it growing live on Bemac's thread... If this discussion were kept there, that would be a real mess to the original Bemac's thread, and Jarroo took the hard work on his shoulders... And yes, Jarro is very patient (unlike my impatient patients...
We have been learning together, and just want everybody learn this method too, but the effort must be done, as we did. I saw (and for sure Jarroo, NAL, Mike, and others) many, many traders come to this thread, have some good trades, make some questions and simply disappear and never come back. Remember, the lunch is cheap, but it is not free...
Reading all PC's posts, and the first pages of this thread in enough to catch the DIBS essence. We all did it over and over. It's boring, but trading is not supposed to be the funniest thing in the world. Then you go to the training. Spend some demo weeks looking for those DIBS to appear, and learn to WAIT. There are some days that Mr Market moves wildly, and you think "IF I had caught this move I would be so happy", but there were no DIBS setup, and you have just sit on your itching hands... That's part of the game. Trading has much more to do with WAITING than with pulling the trigger.
Cheers, and good trading to all!
HT
Bravo, NAL
I do not intend to be rude to anyone, please, but take what NAL said seriously... There's no free lunch, it's on the title of the thread, but the piece of meal here is very, very cheap. Peter has (unfortunately) only about 40 posts, gold-worthing...
Jarroo started this thread to discuss the DIBS method with those who caught it growing live on Bemac's thread... If this discussion were kept there, that would be a real mess to the original Bemac's thread, and Jarroo took the hard work on his shoulders... And yes, Jarro is very patient (unlike my impatient patients...
We have been learning together, and just want everybody learn this method too, but the effort must be done, as we did. I saw (and for sure Jarroo, NAL, Mike, and others) many, many traders come to this thread, have some good trades, make some questions and simply disappear and never come back. Remember, the lunch is cheap, but it is not free...
Reading all PC's posts, and the first pages of this thread in enough to catch the DIBS essence. We all did it over and over. It's boring, but trading is not supposed to be the funniest thing in the world. Then you go to the training. Spend some demo weeks looking for those DIBS to appear, and learn to WAIT. There are some days that Mr Market moves wildly, and you think "IF I had caught this move I would be so happy", but there were no DIBS setup, and you have just sit on your itching hands... That's part of the game. Trading has much more to do with WAITING than with pulling the trigger.
Cheers, and good trading to all!
HT
Hi all,
I thought this chart might help someone.
I had a IB come up earlier today on EURUSD using the indicator I use - (it wasn't a strict IB as the low was same as previous bar, but for the purposes of this we'll assume it was)
I didn't take it because of the 4H trendline which acted as support and wouldn't have given me a 1:1 return.
If I had taken it I'd still be in play so it might turn out that I was wrong to ignore it, but just sharing some thoughts for discussion.
Cheers
Colin.
wow how profound!!!
I bet your patients just love you, how do you have time to post to us
dibbers, those patients must be queued out the door lining up for your
pearls of wisdom. Bet you don't need your Rx pad much. Anyway great
post and absolutely agree .
joy
... They are already there, for sure, and I'm going right now!
There's no free lunch, it's on the title of the thread, but the piece of meal here is very, very cheap. Peter has (unfortunately) only about 40 posts, gold-worthing...
Reading all PC's posts, and the first pages of this thread in enough to catch the DIBS essence. We all did it over and over. It's boring, but trading is not supposed to be the funniest thing in the world. Then you go to the training. Spend some demo weeks looking for those DIBS to appear, and learn to WAIT. There are some days that Mr Market moves wildly, and you think "IF I had caught this move I would be so happy", but there were no DIBS setup, and you have just sit on your itching hands... That's part of the game. Trading has much more to do with WAITING than with pulling the trigger.
Cheers, and good trading to all!
HT
. Well said brother. Anyway I'm sure my post and yours will be forgotten in a few days when we have some more inpatient newbies knocking on the door, not being harsh - just realistic from what I've seen here and else where. Maybe I should just have kept my mouth shut but felt a bit frustrated that people just wouldn't spend the time needed.
Hi all,
I thought this chart might help someone.
I had a IB come up earlier today on EURUSD using the indicator I use - (it wasn't a strict IB as the low was same as previous bar, but for the purposes of this we'll assume it was)
I didn't take it because of the 4H trendline which acted as support and wouldn't have given me a 1:1 return.
If I had taken it I'd still be in play so it might turn out that I was wrong to ignore it, but just sharing some thoughts for discussion.
Cheers
Colin.
. Compare this with PC's trade of the month on 1st of May. I think that if we could get an IB forming closer to the TL and the break of that to the downside comes we could be in for a ride south on the EURUSD. The same case with USDCHF which also has a TL and is similar to the EURUSD (but to the opposite side).
Nice to see you holding up that queue in the waiting room to give us some of your time
Hi everyone,
nice setup on eurchf this morning, 4 pips lost on the break down and then up it went. This pair isnt as crazy as a lot of the others but I think it can give consistent pips...heres the pic, happy trading all, Raz
You love that Eur/Chf razl. I'll have to follow it and check it out.
