Many share my views with me. But I don't share them with them...![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
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The DIBS Method - No Free Lunch Returns 13 replies
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DislikedGood morning all,
Anybody in UJ short? well let's see how it goes, if it will break the intra-day pivot.
happy pippingIgnored
DislikedYep... free ride now at Japan Airlines.... early birds on Friday...
Cheers!Ignored
DislikedIt was a good short I believe I missed it though. UJ had been in a range between 108.06-107.84 from 1500GMT yesterday to 700GMT today (25 min ago). A nice DIBS, which also can be seen on H4.Ignored
QuoteDisliked...yes and free riding now, so it can do what it likes
Dislikedwhere did you enter?
below the IB at 107.85?
it didnt go down too muchIgnored
DislikedMy IB was 107.95-107.87, spread is 3 pips, risk is 8+2+3 = 13 pips, entry would have been 107.86, 1:1 is 107.73 and it's a free bird (too bad I missed it)
Ignored
Dislikedwhere did you enter?
below the IB at 107.85?
it didnt go down too muchIgnored
Dislikedchowclown could you post a chart for your UJ set up please?
I have read in the DIBS threads where you can consider a buy if the day open price is above yesterday's close price and the price is above the open after an IB. Reverse for a sell.
It appears that in many cases the difference in previous day close and new day open is only a pip or two. Is this couple of pips worthy of such a 'filter'?This is what I understood Peter to mean when he mentioned trend is up if the price is above previous day close and the trend is down if the price is below previous day close.
Any comments on this?
Cheers.Ignored
DislikedMy broker's IB range was H:107.94, L:107.86.... entered at 107.85, risking 8 pips (not considering the spread...), banked 2/3 at 107.74...Ignored
DislikedThe daily open is the open price of the aqua line at the 7 o'clock bar. The previous bar was an IB with the range of the two lime lines (the two yellow lines was the tight range UJ was in). Our daily open broke the IB to the downside below the daily open and it was never above the daily open, perfect DIBS!Ignored
DislikedNice NAL. I like when they break and never look back.
Nice chart, suitable for framing.
JimIgnored
Dislikednice trade guys!
i can see interbank had the worst quotes from the brokers here
do you enter from first pip? dont you give it 2-3 pips to filter noises?Ignored
QuoteDislikedWhere to put the buy and where to put the sell:
First rule: We buy on a break of an IB if price is above the daily open and sell if it’s below.
Where to put the buy and sell has no where been discussed in great detail. Put the buy/sell 1 pip outside the IB range and remember to add the spread.
Example: IB range is high @ 1.5500 and low @ 1.5400. Buystop: 1.5501 + spread, SL 1.5399, BE 1.5603 + spread. Sellstop: 1.5399, SL 1.5501 + spread, BE 1.5297.