The DIBS Method... No Free Lunch continues | Page 126 | 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

  • #2,501
  • Jun 21, 2008 7:06pm Jun 21, 2008 7:06pm
Quoting Lou
I really hesitated to write this. Because maybe it has already been said, but I saw some more discussion about when sessions open and trying to align the time and the like.

I apologize if this has been written earlier.

With Regard to the opening of a session:

I simply went to my own page here on FFF that has my profile. I adjusted the FFF time to match with my time (which happens to be US CDT ).

Then I used that Sessions box that comes up, in the upper left hand corner when you log in .... the one that has New York Sidney Tokyo and London listed. When I clicked on a city, it told me in my time when each session opens.

I wrote those down. I memorized them.
Off-topic regarding this threads title but embarrassed to say, I have somewhat "missed" that session box. Been in front of my eyes every day for a long time without noticing. Quite handy, thanks !
Measure twice, cut once
  • #2,502
  • Jun 21, 2008 7:59pm Jun 21, 2008 7:59pm
How do you take half of a positon in MT4? I've been demoing forever and till now always close the whole position?
"Whether you think you can or can't, you're right." Henry Ford
  • #2,503
  • Jun 21, 2008 8:26pm Jun 21, 2008 8:26pm
Quoting Scot Pippin'
How do you take half of a positon in MT4? I've been demoing forever and till now always close the whole position?
when you click on close just select the amount of lot size you want to close the same as you choose the lot size to open with from the drop down
Don't chase the market, Let the market come to you
  • #2,504
  • Jun 21, 2008 8:57pm Jun 21, 2008 8:57pm
Tmac thanks can't believe I haven't done it that way all this time
"Whether you think you can or can't, you're right." Henry Ford
  • #2,505
  • Edited 11:40am Jun 22, 2008 9:27am | Edited 11:40am
hey Doblece, thanks for helping me out man.

Bemac: I was referring to this thread Also, i wasn't demanding an answer from nobody, I just thought that if i cant manage to finish all 165 pages by Monday and find out what settings to put into the indicators for the time (i've figured it out now because of doblece) then I might not be able to trade the system properly. Im excited about using the dibs as its similar to a little breakout stratedgy that I found worked for me with a support/resistance indicator.

Im just excited, and want to make sure I understand the system before jumping into it as I trade live. I hope it wasn't too much to ask for a little bit of help, Im here to trade, and learn, not argue or come across as disrespectful to anyone. Get me?

Anyway im not here to distract the thread or start a flame war, I wish i can contribute something here and want this thread to stay on topic, i've enjoyed reading 40pages so far, Want to finish all of it a.s.a.p. Hey Jaroo, respect and much love to you for pushing on with this thread, this is what trading should be based on, Price action. Its king.

hey Doblece thanks again for your help man, its nice of you to give me a straight forward simple and helpful answer.

God bless.
  • #2,506
  • Jun 22, 2008 4:13pm Jun 22, 2008 4:13pm
Hy All,

This thread has been a great read... not forgetting d free coffee.

Bemac, Jim, all d regulars, u guyz av been great, just great. U've tried to surrogate-father us in PC's place; well, he says he didn't invent d method.

I've read a lot of posts on this thread(sorry, but it is cluttered...)- maybe d first 25 pages. Have a few questions...

1. Jim. What's a pin bar?

2. SeekingLight, u mentioned a 4hr PB. Is that d same?

3. I'm particularly interested in trimming losses. Apart from watching the larger trend, and keeping entries a bit above/below d high/low, can anyone outline any other methods u have thought about/tested?

4. Since I've not yet been able to read d whole thread, can someone plz post d link 4 d most recent version of MT4 indicator written for the DIBS, and amendments, if any?

Thanx so much...
...learning Wisdom!!!
  • #2,507
  • Jun 22, 2008 4:49pm Jun 22, 2008 4:49pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
to the top right hand side of every thread you will find a paperclip, the paperclip is a short cut to all attachments in that thread, when you click on it you have the option to hide the image files, thus leaving all the remaining files - indicators, Ea's, Documents etc in date order.

something to think about, over the next weekend take the time to run your mouse over the entire thread page and your personnel areas, there are links to other parts of FF, i have noticed that many have only just discovered the FF home page link (takes you to the news pages and opening times of the variuos trading zones).

consider this a tool box lesson - would you try to hammer a nail in with a screwdriver (notice i didn't say screw a screw in with a hammer - i've seen some cowboys on the job), the same applies to your chart package (MT4,vt etc) - people you have permission to play with all the buttons (in demo mode)

regards

MPP
  • #2,508
  • Jun 22, 2008 5:43pm Jun 22, 2008 5:43pm
Quoting steiniteer
Hy All,

This thread has been a great read... not forgetting d free coffee.

Bemac, Jim, all d regulars, u guyz av been great, just great. U've tried to surrogate-father us in PC's place; well, he says he didn't invent d method.

I've read a lot of posts on this thread(sorry, but it is cluttered...)- maybe d first 25 pages. Have a few questions...

1. Jim. What's a pin bar?
A Pin Bar is a Price Action Reversal formation. For it to be effective, Pin Bars need other supporting confluences i.e., proper locaton, off of swing Highs and Lows, S/R level, etc.

2. SeekingLight, u mentioned a 4hr PB. Is that d same?
The same thing. You find out more on Price Action at the
James16 Chart Thread:
http://www.forexfactory.com/showthread.php?t=2331

3. I'm particularly interested in trimming losses. Apart from watching the larger trend, and keeping entries a bit above/below d high/low, can anyone outline any other methods u have thought about/tested? No.

4. Since I've not yet been able to read d whole thread, can someone plz post d link 4 d most recent version of MT4 indicator written for the DIBS, and amendments, if any?
Do yourself a favor and take the time to read and study the thread. You'll be glad you did. Many of you your questions will be answered.

Thanx so much...
.
Indicators show the past. Price Action "Indicates" the future.
  • #2,509
  • Jun 22, 2008 5:58pm Jun 22, 2008 5:58pm
hello everybody, happy to see you guyz back after a wonderful resting period, for me, it was studying and i am prepared for the week with right frame of mind and a winning attitude. wishing us all success
  • #2,510
  • Jun 22, 2008 7:18pm Jun 22, 2008 7:18pm
Quoting jarroo
I haven't changed anything from yesterday's trade. Except taking the half off at the FTT. But the stop loss is still in the same place.
Moved my stop loss to break even from Thursday (6/19/08). Looking for a long term ride.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,511
  • Jun 22, 2008 10:05pm Jun 22, 2008 10:05pm
I could see a nice trade possibility here if we get dibs on the hourly or four hour chart for a long position.... we have stalled on support on the daily trendline, so a continuation up would be nice if we were to use dibs as our signal to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: usd.jpy.gif Size: 63 KB
  • #2,512
  • Jun 22, 2008 11:34pm Jun 22, 2008 11:34pm
Quoting Naijafx
hello everybody, happy to see you guyz back after a wonderful resting period, for me, it was studying and i am prepared for the week with right frame of mind and a winning attitude. wishing us all success
Inserted Video


Inserted Video


  • #2,513
  • Jun 23, 2008 12:21am Jun 23, 2008 12:21am
we got 2 IB in tf 4hr EU (last 4hr and on friday chart)
let see what happen?

i would like to maintain buy preference on EU
  • #2,514
  • Jun 23, 2008 12:30am Jun 23, 2008 12:30am
Quoting steiniteer
Hy All,

3. I'm particularly interested in trimming losses. Apart from watching the larger trend, and keeping entries a bit above/below d high/low, can anyone outline any other methods u have thought about/tested?

Thanx so much...
Hi Steiniteer

Hopefully you have read or intend to read all of Peter Crowns' posts. They really are great. His very last post gives his views about dealing with and trying to minimise losses with DIBS. It certainly cleared my mind up.... http://www.forexfactory.com/showpost...&postcount=438
  • #2,515
  • Jun 23, 2008 12:38am Jun 23, 2008 12:38am
Quoting bujal38
we got 2 IB in tf 4hr EU (last 4hr and on friday chart)
let see what happen?

i would like to maintain buy preference on EU

I can't see or post my regular charts, but did we have a break of the bottom of the Euro 0000 EST one hour IB?
Indicators show the past. Price Action "Indicates" the future.
  • #2,516
  • Jun 23, 2008 12:43am Jun 23, 2008 12:43am
yes
Quoting jarroo
I can't see or post my regular charts, but did we have a break of the bottom of the Euro 0000 EST one hour IB?
FF journal: Peaks and Troffs
  • #2,517
  • Jun 23, 2008 12:44am Jun 23, 2008 12:44am
Quoting jarroo
I can't see or post my regular charts, but did we have a break of the bottom of the Euro 0000 EST one hour IB?
Yup. It's now testing the Sunday low. (TradeStation)
  • #2,518
  • Jun 23, 2008 12:48am Jun 23, 2008 12:48am
Hi Jaroo,
Quote
did we have a break of the bottom of the Euro 0000 EST one hour IB?
Yes
Attached Image (click to enlarge)
Click to Enlarge Name: eu23jun.jpg Size: 13 KB
  • #2,519
  • Jun 23, 2008 12:48am Jun 23, 2008 12:48am
Thanks, guys.

Trade risk about 20 pips on the Euro.

Usd/Cad looked good; trade risk was about . . what . .6 pips.

I'm missing it all tonight. (work stuff).
Indicators show the past. Price Action "Indicates" the future.
  • #2,520
  • Jun 23, 2008 12:54am Jun 23, 2008 12:54am
Quoting Pips_Cruiser
http://www.youtube.com/watch?v=1k08yxu57NA

http://www.youtube.com/watch?v=QWNoiVrJDsE

amazing....my entire family is up listening to connie talbot!
19 traders viewing now