The DIBS Method... No Free Lunch continues | Page 131 | 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

  • #2,601
  • Jun 23, 2008 7:47am Jun 23, 2008 7:47am
If Mondays keep working out so well, in time could be able to take the rest of the week off!
  • #2,602
  • Jun 23, 2008 7:48am Jun 23, 2008 7:48am
Quote
broda wait for a break,there is a pivot at these prices level on both currencies,happy trading Reply With Quote
Gbenga, thanks for your msg. and good to help me spot out those pivot levels. Fascinating, I saw them and still went ahead bcoz i know what's and IB is and when not to take them. IB surfaces during two conditions. 1. consolidating period 2. retracement period. the later is a winner almost everytime. I took the UJ despite the 4hr pivot, but IB in this regards is a break out base on price action and its safe, crusing on a free ride with 20pips now after closing the first one with 11pips I didn't take GU becoz it has reached its fib tgt2 for our intra-day but it was a retracement and surprisingly has fetched 35pips. I use IB as entry to our intra-day fib and use our fib for exit from IB. Hope i made some sense
  • #2,603
  • Jun 23, 2008 7:49am Jun 23, 2008 7:49am
Quoting jarroo
How's everyones DIBS trade doing today?
Excelente, Chuck... As they would say in Blackpool....! Hey Jaroo, many thanks goes out 2 ureself for making this thread what it is, tell me, i read in one of those posts PC has been trading this set up for 15 years, would there be some truth in that my man...???
  • #2,604
  • Jun 23, 2008 7:51am Jun 23, 2008 7:51am
Quoting eltrader
Excelente, Chuck... As they would say in Blackpool....! Hey Jaroo, many thanks goes out 2 ureself for making this thread what it is, tell me, i read in one of those posts PC has been trading this set up for 15 years, would there be some truth in that my man...???
I have no reason to doubt the man.
Indicators show the past. Price Action "Indicates" the future.
  • #2,605
  • Jun 23, 2008 7:54am Jun 23, 2008 7:54am
Quoting HUnter123
Guys, do you handle IB after such a big move (more than 100 pips on eur/usd) like a regular one? i believe it is much riskier after such a strong move which covers the average dialy range in most pairs and avoided those IB's although they are succesful.
what do you think?
If you accept moves coming in 3 waves, it's the 3rd wave that's the riskier.
Good Trading
  • #2,606
  • Jun 23, 2008 7:54am Jun 23, 2008 7:54am
Quoting jarroo
How's everyones DIBS trade doing today?

Jarroo, maybe im not concious today but i dont see DIBS today in the majors besides the one i posted about the pound which was too early and the ones an hour ago which was after a very stong move already.
missing anything?
  • #2,607
  • Jun 23, 2008 7:55am Jun 23, 2008 7:55am
Quoting Scot Pippin'
Anyone else having trouble with Interbank demo?
am having prob wth it,i wanted 2 add 2 my position but says common error
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,608
  • Jun 23, 2008 7:58am Jun 23, 2008 7:58am
I'm short both EUR and GBP using combination of DIBS and First Strike entries. So far over 150 pips today. Gotta love this Monday.
  • #2,609
  • Jun 23, 2008 8:02am Jun 23, 2008 8:02am
Quoting HUnter123
Jarroo, maybe im not concious today but i dont see DIBS today in the majors besides the one i posted about the pound which was too early and the ones an hour ago which was after a very stong move already.
missing anything?
Hunter,

There were DIBs set ups on GBP, EUR and CHF today, 1 hr TF.
  • #2,610
  • Jun 23, 2008 8:02am Jun 23, 2008 8:02am
Well done Dave, but I gotta ask - what's first strike entries?
Good Trading
  • #2,611
  • Jun 23, 2008 8:02am Jun 23, 2008 8:02am
Quoting lordgbengs
am having prob wth it,i wanted 2 add 2 my position but says common error

Yes I couldn't take off half of my second EU position so had to just close it all. Their site is down for me too.
"Whether you think you can or can't, you're right." Henry Ford
  • #2,612
  • Edited 10:20am Jun 23, 2008 8:03am | Edited 10:20am
Quoting HUnter123
Jarroo, maybe im not concious today but i dont see DIBS today in the majors besides the one i posted about the pound which was too early and the ones an hour ago which was after a very stong move already.
missing anything?
The Euro had a text book DIBS trade this morning. Remember you can play IBs the are before the Open of the day, as long as they are OFF the Open. 0100 EST is (0500 GMT on my charts). The 0400 GMT is 0000 EST which is an IB.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,613
  • Jun 23, 2008 8:04am Jun 23, 2008 8:04am
Quoting jarroo
How's everyones DIBS trade doing today?
All positive here CAD came real close to stopping out but has recovered. So are most of you guys holding free rides for multiple days if possilbe?
"Whether you think you can or can't, you're right." Henry Ford
  • #2,614
  • Jun 23, 2008 8:07am Jun 23, 2008 8:07am
Quoting Naijafx
Gbenga, thanks for your msg. and good to help me spot out those pivot levels. Fascinating, I saw them and still went ahead bcoz i know what's and IB is and when not to take them. IB surfaces during two conditions. 1. consolidating period 2. retracement period. the later is a winner almost everytime. I took the UJ despite the 4hr pivot, but IB in this regards is a break out base on price action and its safe, crusing on a free ride with 20pips now after closing the first one with 11pips I didn't take GU becoz it has reached its fib tgt2 for our intra-day but it was a retracement and surprisingly has fetched 35pips. I use IB as entry to our intra-day fib and use our fib for exit from IB. Hope i made some sense
post only for naijafx
thanks for the insight,if u look at GU drawing ur fibs from wednesday lastweek the price just opened at the 61.8 level(intraday shorts),i entered from d intermediate short from d daily,happin piping bro
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,615
  • Jun 23, 2008 8:08am Jun 23, 2008 8:08am
Quoting HUnter123
Jarroo, maybe im not concious today but i dont see DIBS today in the majors besides the one i posted about the pound which was too early and the ones an hour ago which was after a very stong move already.
missing anything?
On Usd/Cad, notice that all three of these candle are IBs and are played off the Open at 0100 EST (0500 GMT on my charts).
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,616
  • Jun 23, 2008 8:10am Jun 23, 2008 8:10am
Quoting jarroo
The Euro had a text book DIBS trade this morning. Remember you can play IBs the are before the Open of the day, as long as they are OFF the Open. 0100 EST is (0500 GMT) on my charts. The 0400 GMT is 0000 EST which is an IB.

ok. like i said the first DIB was too early for me although it was a perfect one, it is not common the big move starts long time before the european banks open.
the second one from an hour ago refers to my question about daily average on EUR/USD.
there was a DIB no doubt but the trade was much riskier after such a big move.
dont you take the daily average under consideration when you enter such a trade?
thx.
  • #2,617
  • Jun 23, 2008 8:11am Jun 23, 2008 8:11am
Swissy. There was a 30 min IB that could have gotten you in earlier, but the 30 min chart can be riskier.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,618
  • Jun 23, 2008 8:13am Jun 23, 2008 8:13am
Quoting HUnter123
ok. like i said the first DIB was too early for me although it was a perfect one, it is not common the big move starts long time before the european banks open.
the second one from an hour ago refers to my question about daily average on EUR/USD.
there was a DIB no doubt but the trade was much riskier after such a big move.
dont you take the daily average under consideration when you enter such a trade?
thx.
Taking the ADR of the pair under consideration is a wise decision, but that is up to the trader.
Indicators show the past. Price Action "Indicates" the future.
  • #2,619
  • Jun 23, 2008 8:20am Jun 23, 2008 8:20am
Quoting jarroo
The Euro had a text book DIBS trade this morning. Remember you can play IBs the are before the Open of the day, as long as they are OFF the Open. 0100 EST is (0500 GMT) on my charts. The 0400 GMT is 0000 EST which is an IB.

hi jaroo

sorry if this dumb question but what exactly do you mean OFF the open ?

thanks to everyone for your replies
cheers
kim
  • #2,620
  • Jun 23, 2008 8:20am Jun 23, 2008 8:20am
Quoting jarroo
Swissy. There was a 30 min IB that could have gotten you in earlier, but the 30 min chart can be riskier.

yes' i've seen this.
do you take all the DIBS ? because taking short EUR/USD and long USD/CHF is basicly trading the same move.
BTW ' the second DIBS on EUR/USD short 1.5513 was very close to the SL (23 pips of the DIB) but still a good trade and a free ride.
glad for you.
2 traders viewing now