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The DIBS Method... No Free Lunch continues

  • #2,841
  • Jun 25, 2008 1:09am Jun 25, 2008 1:09am
Looks like GU dropping, so long will not trigger......US interest rate today....talk of possible increase may cause $ to strengthen but I am trying to trade according to DIBS. Line in sand indicated a long.....so, for the moment nothing lost, nothing gained.
  • #2,842
  • Jun 25, 2008 1:10am Jun 25, 2008 1:10am
An inside bar is a bar which is completely within the range of the preceding bar, However i have seen in examples here either high or low can be equal to the preceding high or low. As long as it is contained within, it should be okay. Remember an inside bar is the trigger, the setup is to establish direction first using the opening line in the sand.
  • #2,843
  • Jun 25, 2008 1:10am Jun 25, 2008 1:10am
Wow that was a quick one...Free Trade on EU
"Whether you think you can or can't, you're right." Henry Ford
  • #2,844
  • Jun 25, 2008 1:12am Jun 25, 2008 1:12am
Quoting Vfforexlee
Explain to me what a proper inside bar is?
Can you read the 1 post of this thread and let me know what part of an Inside Bar is not understandable. I'm not trying to be mean at all, just trying to help.
Indicators show the past. Price Action "Indicates" the future.
  • #2,845
  • Jun 25, 2008 1:14am Jun 25, 2008 1:14am
Quoting TradeCell
An inside bar is a bar which is completely within the range of the preceding bar, However i have seen in examples here either high or low can be equal to the preceding high or low. As long as it is contained within, it should be okay. Remember an inside bar is the trigger, the setup is to establish direction first using the opening line in the sand.
Welcome to FF TradeCell.
  • #2,846
  • Jun 25, 2008 1:15am Jun 25, 2008 1:15am
Thanks a lot for the reply Jarroo.

Will definately post my trades which will be now on the Dibs method.

I think according to the rules the market has not opened yet.

Please correct me if i am wrong.

Regards,
Bob76
  • #2,847
  • Jun 25, 2008 1:15am Jun 25, 2008 1:15am
Quoting Scot Pippin'
Wow that was a quick one...Free Trade on EU
Well done Scot, tell me this and tell me no more, do ya always play both sides...? Admire your bravery at this early hour...!
  • #2,848
  • Jun 25, 2008 1:17am Jun 25, 2008 1:17am
Sorry i think its 15 past 6 GMT so that would make it open.

  • #2,849
  • Jun 25, 2008 1:18am Jun 25, 2008 1:18am
Hi Bob,

Open line in sand is drawn at 0600 GMT, which was 18 mins ago.
  • #2,850
  • Jun 25, 2008 1:19am Jun 25, 2008 1:19am
Morning Guys - count me in, great thread, been testing on the side lines, got in swissy, taken half.....
Attached Image (click to enlarge)
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  • #2,851
  • Jun 25, 2008 1:20am Jun 25, 2008 1:20am
Quoting Bob76
Thanks a lot for the reply Jarroo.

Will definately post my trades which will be now on the Dibs method.

I think according to the rules the market has not opened yet.

Please correct me if i am wrong.

Regards,
Bob76
We use the Open of the day at 0100 EST. Again take your time and read Peter's post and this thread in its entirety. Many of your questions will be answered.
Indicators show the past. Price Action "Indicates" the future.
  • #2,852
  • Jun 25, 2008 1:23am Jun 25, 2008 1:23am
Quoting jarroo
Can you read the 1 post of this thread and let me know what part of an Inside Bar is not understandable. I'm not trying to be mean at all, just trying to help.
Admire your patience my man, this seems to be an everyday occurence, but now we're gone from the time conundurum to the very basics of what an inside bar is...??? Talking about taking 3 steps back, dont get me wrong, if your new to this thread and i understand you may have a few questions, but at least have the decency to actually read the first post (WITH ALL ANSWERS PROVIDED) this is really basic stuff...!!!
  • #2,853
  • Jun 25, 2008 1:29am Jun 25, 2008 1:29am
UsdChf lost its steam for the moment?

Hope this entry turns out to be good for everyone who got in long
  • #2,854
  • Jun 25, 2008 1:30am Jun 25, 2008 1:30am
Quoting eltrader
Admire your patience my man, this seems to be an everyday occurence, but now we're gone from the time conundurum to the very basics of what an inside bar is...??? Talking about taking 3 steps back, dont get me wrong, if your new to this thread and i understand you may have a few questions, but at least have the decency to actually read the first post (WITH ALL ANSWERS PROVIDED) this is really basic stuff...!!!
I guess I remember when I was new and guys like James16, Dailist, etc., were very helpful to me.
Indicators show the past. Price Action "Indicates" the future.
  • #2,855
  • Jun 25, 2008 1:32am Jun 25, 2008 1:32am
thanks for your patience...
  • #2,856
  • Jun 25, 2008 1:33am Jun 25, 2008 1:33am
hey guys ,ready for another day of dibs trading good luck to all
Survive & Preserve
  • #2,857
  • Jun 25, 2008 1:34am Jun 25, 2008 1:34am
Hi guys

Anybody prefer to trade off GMT 5.00 since to me earlier hours tend to whipsaw due to the low volume? Or it is just me?
  • #2,858
  • Jun 25, 2008 1:35am Jun 25, 2008 1:35am
Wow, more viewing this thread then the Auslanco thread. That's a first.
Indicators show the past. Price Action "Indicates" the future.
  • #2,859
  • Jun 25, 2008 1:37am Jun 25, 2008 1:37am
I am short Cable.

On a free trade now.

holding on for more. downside.

fingers crossed.
  • #2,860
  • Jun 25, 2008 1:41am Jun 25, 2008 1:41am
Quoting TSK
Hi guys

Anybody prefer to trade off GMT 5.00 since to me earlier hours tend to whipsaw due to the low volume? Or it is just me?

TSK

From the first post:

Peter:
"I use 00:00 CST or 06:00 GMT as my open. Believe me, if you are off 1 hour due to Daylight Savings time it is not going to be a problem."

6gmt= 2am est
Unus pro omnibus, omnes pro uno
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