The DIBS Method... No Free Lunch continues | Page 113 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method - No Free Lunch Returns 13 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

  • #2,241
  • Jun 19, 2008 4:51am Jun 19, 2008 4:51am
Hunter, according to DIBS, it's shaping up as a valid IB. However I personally run from such volatility. I'm also a bit confused as to how the GBP and EUR could have such big moves in opposite directions?
Good Trading
  • #2,242
  • Jun 19, 2008 4:53am Jun 19, 2008 4:53am
Quoting moneda
CC,

Thanks for the info.

I appreciate very much the work that the main contributors of this thread have done....but today for example, I am sure that others may have been tempted to stretch the definition of an IB by two pips and gone in short with the e/u today... I did.

Good for you....
  • #2,243
  • Jun 19, 2008 4:58am Jun 19, 2008 4:58am
Quoting aud
Hunter, according to DIBS, it's shaping up as a valid IB. However I personally run from such volatility. I'm also a bit confused as to how the GBP and EUR could have such big moves in opposite directions?

thx , i also fear such volatility, especially when cable already moved his daily average.
the reason to the difference between EUR and GBP is stricly news.
Very very strong brithish retail sales together with snb rate annoucment that crushed the swiss franc taking the euro with it.
  • #2,244
  • Jun 19, 2008 4:59am Jun 19, 2008 4:59am
Quoting HUnter123
how about the IB forming in cable now?
do you consider it as IB even after news with very long bar before?
and again the question i asked yesterday.
do you enter few pips above the IB or in the new daily high?
Don't try and over think the method. The IB that is forming on the Cable looks to be text book DIBS.

When it comes to News, I have a saying: News is Price andd Price is News. Except on the 1st Friday of the Month and Interest Rate Ann. Meaning I don't follow News very closely, I follow Price.
Indicators show the past. Price Action "Indicates" the future.
  • #2,245
  • Jun 19, 2008 5:00am Jun 19, 2008 5:00am
Quoting Dayboy001
Recent GBP news, I feel we are going to have a few GBP related inside bars coming soon would you not take them due to the previous bar being so large because of the news or do they still hold as valid signals. I know it's early in the hour but every gbp i look at looks to be forming an IB

Regards

Dayboy
Very good point... Any comments on this Jarroo...???
  • #2,246
  • Jun 19, 2008 5:11am Jun 19, 2008 5:11am
Quoting eltrader
Very good point... Any comments on this Jarroo...???
Jarroo already answered this in the post before...
  • #2,247
  • Jun 19, 2008 5:16am Jun 19, 2008 5:16am
Hello,


I am evaluating the two IB that just became official (u/j & g/u) ....would one consider the bullish candle prior the the IB with the u/j
a retracement of the swing low that started yesterday around 6am est?


Thanks
Unus pro omnibus, omnes pro uno
  • #2,248
  • Jun 19, 2008 5:16am Jun 19, 2008 5:16am
Quoting moneda
CC,

Thanks for the info.

I appreciate very much the work that the main contributors of this thread have done....but today for example, I am sure that others may have been tempted to stretch the definition of an IB by two pips and gone in short with the e/u today... I did.

This is why we practise and get a feel for different pairs. If it works, great. If it doesn't, the loss is small. (hopefully).
Indicators show the past. Price Action "Indicates" the future.
  • #2,249
  • Jun 19, 2008 5:20am Jun 19, 2008 5:20am
ya allah
hi jarroo
  • #2,250
  • Jun 19, 2008 5:22am Jun 19, 2008 5:22am
Quoting moneda
CC,

Thanks for the info.

I appreciate very much the work that the main contributors of this thread have done....but today for example, I am sure that others may have been tempted to stretch the definition of an IB by two pips and gone in short with the e/u today... I did.

sure wished that I stretched the definition of an IB as well w/ eur/usd but its ok.. there will always be other trades. there always are.
- nick andre -
  • #2,251
  • Jun 19, 2008 5:23am Jun 19, 2008 5:23am
Hi Hussin
i need some help if you have the time. i have been following a Daily Inside Bar breakout system, so far it's producing good results (DIB's method) thread was started by Jarroo

http://www.forexfactory.com/showthread.php?t=86766

Anyway i was wondering if you could point me in the right direction to study IB's and how the candles before it effect it's results.

the system trades on the 1h chart and you trade long on breakout's of IB's formed above the 0600gmt open and short on IB's formed below the 0600gmt open - real simple (some are making it hard work though).

Hope this is clear

regards

MPP
i cannot help to MPP because i havenot worked on this sysyem trade and imnot predominant.
jarroo , you can help to MPP ??
thanks best regards
hussin
  • #2,252
  • Jun 19, 2008 5:25am Jun 19, 2008 5:25am
Quoting moneda
CC,

Thanks for the info.

I appreciate very much the work that the main contributors of this thread have done....but today for example, I am sure that others may have been tempted to stretch the definition of an IB by two pips and gone in short with the e/u today... I did.

if you mean taking short below the IB at 1.5558 it is above daily open which is the basic rule - take short only below daily open.
do we talk about the same trade?
  • #2,253
  • Jun 19, 2008 5:26am Jun 19, 2008 5:26am
Quoting moneda
Hello,


I am evaluating the two IB that just became official (u/j & g/u) ....would one consider the bullish candle prior the the IB with the u/j
a retracement of the swing low that started yesterday around 6am est?


Thanks
It's an interesting one....i'm now short UJ despite price being above the 6am open. I see it more as a retracement and am willing to trade that plan, in this instance.
  • #2,254
  • Jun 19, 2008 5:29am Jun 19, 2008 5:29am
Quoting billbss
The USD/JPY also has an IB setup, so far, at least.
Anyone seen this one too?

From the majors, is the pair that has moved less today... EUR, CHF and that crazy GBP almost reached the full daily range in a few hours....
Many share my views with me. But I don't share them with them...
  • #2,255
  • Jun 19, 2008 5:29am Jun 19, 2008 5:29am
Quoting ChowClown
It's an interesting one....i'm now short UJ despite price being above the 6am open. I see it more as a retracement and am willing to trade that plan, in this instance.
Well the break of the IB on UJ took you back to the daily open so technically you are allright. GU IB should on the other hand not be shorted IMO.
  • #2,256
  • Jun 19, 2008 5:34am Jun 19, 2008 5:34am
Quoting NowAndLater
GU IB should on the other hand not be shorted IMO.
Agreed. Ready to pounce long there.
  • #2,257
  • Jun 19, 2008 5:35am Jun 19, 2008 5:35am
Quoting HUnter123
if you mean taking short below the IB at 1.5558 it is above daily open which is the basic rule - take short only below daily open.
do we talk about the same trade?
Hunter,

You are correct in your statement but in my case I noticed that the e/u had been pretty much in a ranging condition for several hours this lead me to the conclusion that I would let the market tell me which way it wanted to go. It chose short...so that is what I traded...imho

Thanks
Unus pro omnibus, omnes pro uno
  • #2,258
  • Jun 19, 2008 5:37am Jun 19, 2008 5:37am
Quoting HouseTrader
Anyone seen this one too?

From the majors, is the pair that has moved less today... EUR, CHF and that crazy GBP almost reached the full daily range in a few hours....
EUR broke down from the upward TL and went down to daily s1 and is now maybe forming an IB. If so, a break down from this IB would be sweet. EUR has still about 50 pips to go on the daily average range (DAR) on my chart which would be the daily s2, but there's a lot of support close to daily m1 which is also yesterdays low. A break from this IB and I'll close 2/3 after 1:0,5.
CHF is about to break its downward TL and is also forming an IB. This has about 25 pips left on DAR and we could reach yesterdays high. A break here as well and I'll close 2/3 at 1:0,5.
I'm not sure about the IB from last hour on GU but it's about to break, and I'll do the same here, 2/3 at 1:0,5.

Im already in all those trades from earlier today based on other things so I'll add a small 0,5% here
  • #2,259
  • Jun 19, 2008 5:39am Jun 19, 2008 5:39am
Quote
Well the break of the IB on UJ took you back to the daily open so technically you are allright. GU IB should on the other hand not be shorted IMO.

Hmm, I agree with you, but if u look at it technically, GU has been bouncing on 61.8 of the swingfib, price looks good to sell, 4hr is saying same, but too many support down short.



Discretional here, i place my buy order and if price reverses, i place sell order but will be better short if swingfib 31.8 is broken.


Too many brains here and am learning fast.
  • #2,260
  • Jun 19, 2008 5:43am Jun 19, 2008 5:43am
Quoting jarroo
Don't try and over think the method. The IB that is forming on the Cable looks to be text book DIBS.

When it comes to News, I have a saying: News is Price andd Price is News. Except on the 1st Friday of the Month and Interest Rate Ann. Meaning I don't follow News very closely, I follow Price.
Looking back over the charts this method will give lots of losses. It doesn't suit everyone's book.

Cable is at the top of a daily downtrend. It is likely to bounce off the upper trend line and continue down.

However, there is a possibility of an upwards break out and if this happens this trade is possibly going to lead. If that doesn't happen we may incurr a small loss. We may break even. We may make a small profit. All part of the game.
Gone to a better place
15 traders viewing now