I thought the 600 opening price indicated buy above that price and sell below that price my quote was 106.19 (open) when the price took out the low of the IB previous bar that would be the sell signal my low bar price was 106.09 on the IB bar. Do I have this wrong? Again thanks
The DIBS Method... No Free Lunch continues
The only area that I find any discrepancy is the starting time. It is recommended to start at the 5 or 6 gmt yet I am finding that the 0 gmt (which is 8.00am in Perth where I am) is anecdotaly better. I have tried the later times but seem to miss the big bursts, has anyone else found that.
). And there's a backtest on the motherthread as well (which has all of PC's posts). Take the time to read it, it's worth it imo.
Hi all,
I have put together a single indicator for the DIBS method, it was annoying me with the two separate indicators (in&out.mq4 and daily_open_line.mq4). I did remove the outside bar options and I have also added a current bar remaining time comment.
The IB's that are equal to the previous bar High/Low will now also show.
Big thanks to Midnite (daily_open_line.mq4) and free84 (in&out.mq4)
Show_IB = find the IB's
Show_Daily_Open_Line = draw the daily open line
Show_Remain_Bar_Time = show remaining bar time
Timezone_Offset = the offset of your broker time to the recommended 6:00GMT open time (i.e. my broker is GMT+2 so I have this set on 8).
Cheers
this is great thanks for your contribution !
any chance of you adding the weekly opening line?
i have show bar time set to true but there is nothing appearing on my chart ?
cheers
kim
DIBs trading room:
Hello everyone,
I have found a more "greener, environmental" approach for your computer since I have found out from Moneda that Skype chatrooms are hazardous to your computer(eats up your memory bad). Timex, no offense whatsoever.
TradingRooms, which offers free chatroom for traders everywhere, is the one I'm using. It is specifically designed for traders who want to post charts, discuss trades, and anyalze it.
I have already set up one. You go to Tradingrooms.com and download their platform. After you download, you register. Once you registered, look for DIBs trading room under Community Trading Rooms and you're set! If no one is there at the moment, probably because it is after 1pm when the market is not breaking.
V,
Glad that you have found Tradingrooms.com suitable for this thread. It is a very friendly chatroom.. sharing your charts is also very simple. Skype is a great site but I and others that dont have a lot of RAM in their computers may find that it slows down their internet connection. See you guys there soon.
Unus pro omnibus, omnes pro uno
- #3,593
- Edited 8:43am Jul 3, 2008 8:39am | Edited 8:43am
- | Joined Mar 2008 | Status: ... I was aiming at the horse! | 913 Posts
Yes it's very confusing, all of the numbers suggest that USD should be getting weaker, not stronger...but this is why it burns to trade the news. The guys in the EURUSD thread said that because Trichet claimed that he had "no bias" towards rate increases in the future, EUR is getting weaker.
Honestly, I think that's a terrible explanation, and it doesn't explain today's rate increase...and it's not like there is something preventing him from increasing it again.
Sitting on my itching hands until next week.....
Cheers!
PS: Going to a "flash" 1-week vacation next week.... that means, more time to follow the market
Edit:
"Euro Falls as Trichet Signals One Rate Increase May Be Enough"
Many share my views with me. But I don't share them with them...
- #3,596
- Jul 3, 2008 12:44pm Jul 3, 2008 12:44pm
Anybody taking any more trades for the day, or for the week for that matter, in the wake of NFP, or did we all decide to take a vacation with our pips?
Assumeing you got in on the right side of the spikes
nope I am done. the Swissy spike this morning turned one of my systems from the brink of failing to profit, in about 30 minutes. unfortunately it has the ability to do the same in the other direction. 
Rusty
looking for more DIBS oppertunities next week. !!
