The DIBS Method... No Free Lunch continues | Page 136 | 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

  • #2,701
  • Jun 24, 2008 2:20am Jun 24, 2008 2:20am
Quoting moneda
Hello,

.it is better to get in a little late and loose some initial pips than being bounced around
That is how I played the Swiss this second time, so I didn't get the best price or weight but it's still free.
"Whether you think you can or can't, you're right." Henry Ford
  • #2,702
  • Jun 24, 2008 2:28am Jun 24, 2008 2:28am
UJ looks unhealthy today.

Anybody still long with UJ?
  • #2,703
  • Jun 24, 2008 2:36am Jun 24, 2008 2:36am
Quoting WilteredFire
UJ looks unhealthy today.

Anybody still long with UJ?
No it stopped out....
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #2,704
  • Jun 24, 2008 2:38am Jun 24, 2008 2:38am
A/U looks like an IB at hour's end; should grant purchase.

Anyone looking?
...learning Wisdom!!!
  • #2,705
  • Jun 24, 2008 3:00am Jun 24, 2008 3:00am
Quoting Scot Pippin'
That is how I played the Swiss this second time, so I didn't get the best price or weight but it's still free.
Nice Scot. I still checking into a "buffer" zone above and/or below a tradable IB.

Much of what moneda was saying about getting in a little late. No harm in doing that.
Indicators show the past. Price Action "Indicates" the future.
  • #2,706
  • Jun 24, 2008 3:08am Jun 24, 2008 3:08am
For those who look at the 4hr charts, there was a perfect setup on Swissy to go short. IB with a low of 1.0451 formed on the downward sloping trendline. Price broke the low then retraced a bit but never reached the IB high, then down she fell. Good for around 50pips if you traded it!
  • #2,707
  • Jun 24, 2008 3:34am Jun 24, 2008 3:34am
Quoting Trumpcard
For those who look at the 4hr charts, there was a perfect setup on Swissy to go short. IB with a low of 1.0451 formed on the downward sloping trendline. Price broke the low then retraced a bit but never reached the IB high, then down she fell. Good for around 50pips if you traded it!
Hi,
Can you please attach a chart ? I cant see your setup on the 4H chart.
BR
Dani M.
  • #2,708
  • Jun 24, 2008 3:43am Jun 24, 2008 3:43am
Potential EU long setup if hourly candle closes soon as an IB?

previous 4hour candle had closed just above the 200ema, and touching on it for support it looks like.

Hope this turns out to be a long IB setup. this might be good.
  • #2,709
  • Jun 24, 2008 3:47am Jun 24, 2008 3:47am
new IB forming in EUR/USD
i believe the long move is still on for today
  • #2,710
  • Jun 24, 2008 3:51am Jun 24, 2008 3:51am
yup
Been eyeing this one for a while . hopefully a free run to the 1.56 + region.
quote=HUnter123;2071710]new IB forming in EUR/USD
i believe the long move is still on for today[/quote]
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #2,711
  • Jun 24, 2008 3:51am Jun 24, 2008 3:51am
Quoting Trumpcard
For those who look at the 4hr charts, there was a perfect setup on Swissy to go short. IB with a low of 1.0451 formed on the downward sloping trendline. Price broke the low then retraced a bit but never reached the IB high, then down she fell. Good for around 50pips if you traded it!
Hey Trump, nice work on the 4 hour IBs. Is there any thing you use to "draw a line in the sand", so to speak, like the Weekly or Monthly Open? Or just take the break either way?

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #2,712
  • Jun 24, 2008 4:09am Jun 24, 2008 4:09am
Guys anybody else put in their pending order for going long on EU?

Looking at UsdChf also
  • #2,713
  • Jun 24, 2008 4:12am Jun 24, 2008 4:12am
yeah i have put one in for the e/u
Survive & Preserve
  • #2,714
  • Jun 24, 2008 4:12am Jun 24, 2008 4:12am
Regarding 4hr I sometimes place a straddle and most of the time only 1 side breaks out. Other things I look at are recent price action, whether the daily is trending or not (trending up leads to a long bias), whether price is ranging, often see IB's at PPZs (support/resistance), or when price has retraced to a main fibo level.

Here are 2 Swissy charts, first is the 4hr I mentioned above, and the second is the dibs sell stops I just placed. Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: swissy 4hr 24-6-08.gif Size: 10 KB
Attached Image
  • #2,715
  • Jun 24, 2008 4:16am Jun 24, 2008 4:16am
This just seems so easy. Following PC's rule of usually exiting half the trade at 1:1 and trailing the other half is such a simple profitable way to trade.
  • #2,716
  • Jun 24, 2008 4:16am Jun 24, 2008 4:16am
Yes, I am also in the EU long....
  • #2,717
  • Jun 24, 2008 4:34am Jun 24, 2008 4:34am
Quoting Trumpcard
This just seems so easy. Following PC's rule of usually exiting half the trade at 1:1 and trailing the other half is such a simple profitable way to trade.
...what trailing do you find best on the free runners?...i'm currently pulling fibs in the direction of successful IBs and watching price action around the inner levels (as per Bo's thread)...an open above/below the 61.8% level signalling a probable reversal against the trade.
  • #2,718
  • Jun 24, 2008 4:40am Jun 24, 2008 4:40am
Quoting ChowClown
...what trailing do you find best on the free runners?

At the moment I'm either setting a stop above recent bars high if short, or below recent bars' lows if long. Dabbling with Mike's (Mbqb11) 2 bar stop method which tends to lock in nice profits and give you a big chunk of the move if the trade was a good one.
  • #2,719
  • Jun 24, 2008 4:42am Jun 24, 2008 4:42am
here comes the swissy express!
  • #2,720
  • Jun 24, 2008 4:46am Jun 24, 2008 4:46am
Could the UsdChf be the next niagra falls?

23 traders viewing now