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The DIBS Method... No Free Lunch continues

  • #3,761
  • Edited 4:07am Jul 10, 2008 3:49am | Edited 4:07am
Hello DIBers,

The Bank of England rate statement will be released @ 6:30 am EST.


http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV#

Unus pro omnibus, omnes pro uno
  • #3,762
  • Jul 10, 2008 4:05am Jul 10, 2008 4:05am
Anyone on the UJ IB comin up?
  • #3,763
  • Jul 10, 2008 4:13am Jul 10, 2008 4:13am
Quoting kojak
Anyone on the UJ IB comin up?
K,

The U/J is above the daily open...above last week's close....trend strong... ... I would strongly consider it... besides the fact that it fits PC rules.


Good Luck
Unus pro omnibus, omnes pro uno
  • #3,764
  • Jul 10, 2008 4:16am Jul 10, 2008 4:16am
Quoting moneda
K,

The U/J is above the daily open...above last week's close....trend strong... ... I would strongly consider it... besides the fact that it fits PC rules.


Good Luck
Shouldnt it be above daily open? Or am i missing something here?
I have a entry order long if it breaks 107,35...
  • #3,765
  • Jul 10, 2008 4:19am Jul 10, 2008 4:19am
Quoting kojak
Shouldnt it be above daily open? Or am i missing something here?
I have a entry order long if it breaks 107,35...
K.....


It is... the daily open @ 6gmt is..... 106.80
Unus pro omnibus, omnes pro uno
  • #3,766
  • Jul 10, 2008 4:23am Jul 10, 2008 4:23am
Quoting kojak
Anyone on the UJ IB comin up?
I've got the buy-stops in place. Looks like eur/usd and usd/chf are setting up too.. although we've still got about 40minutes so those probably wont be there by then.
- nick andre -
  • #3,767
  • Jul 10, 2008 4:24am Jul 10, 2008 4:24am
Quoting moneda
K.....


It is... the daily open @ 6gmt is..... 106.80
Yes i know moneda...and in an uptrend, and IB signal to go long. So why isnt it a good idea to go long? What am i missing?
  • #3,768
  • Jul 10, 2008 4:26am Jul 10, 2008 4:26am
Quoting kojak
Yes i know moneda...and in an uptrend, and IB signal to go long. So why isnt it a good idea to go long? What am i missing?
K.

Who is saying not to go long? ... trade what you see....


Unus pro omnibus, omnes pro uno
  • #3,769
  • Jul 10, 2008 4:27am Jul 10, 2008 4:27am
Quoting moneda
K.

Who is saying not to go long? ... trade what you see....


Ah sorry, i thought you meant that i shouldn´t take that trade..well well..lets see how it goes..IF it breaks the IB then it will also break the 60 min trendline.....hmm


happy pipping
  • #3,770
  • Jul 10, 2008 4:32am Jul 10, 2008 4:32am
Quoting kojak
Ah sorry, i thought you meant that i shouldn´t take that trade..well well..lets see how it goes..IF it breaks the IB then it will also break the 60 min trendline.....hmm


happy pipping

K,

No problem...

Good Luck
Unus pro omnibus, omnes pro uno
  • #3,771
  • Jul 10, 2008 4:57am Jul 10, 2008 4:57am
i dont like the hammerbar forming up on UJ....hm
  • #3,772
  • Jul 10, 2008 5:19am Jul 10, 2008 5:19am
[quote=RichD;2099545]Hi Guys

Oh I love using Demark Trendlines with this method. I often find a valid break is poweful when you see DIB setup + trendline break.
[quote]

RichD, which indicators are you using for DeMark Trendline and for daily/weekly/monthly highs? THANK YOU!
One Chart is Worth Ten Thousand Words.
  • #3,773
  • Jul 10, 2008 5:35am Jul 10, 2008 5:35am
Quoting kojak
i dont like the hammerbar forming up on UJ....hm
this bar is not very nice, and EURUSD and USDCHF form similar bad bars. But look at EURCHF, there are two IBs and there was a break. And when this pair goes up, often goes the USDCHF up too and with it the USDJPY... so i still hope, because i took the trade too...
Michael
  • #3,774
  • Jul 10, 2008 6:01am Jul 10, 2008 6:01am
Quoting manto
this bar is not very nice, and EURUSD and USDCHF form similar bad bars. But look at EURCHF, there are two IBs and there was a break. And when this pair goes up, often goes the USDCHF up too and with it the USDJPY... so i still hope, because i took the trade too...
Michael
Well we will see......Time for golf!
  • #3,775
  • Jul 10, 2008 6:03am Jul 10, 2008 6:03am
WHat about this one, USDCHF is usually quite reliable. Small bar so u can increase your pos too.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 1.gif Size: 17 KB
  • #3,776
  • Jul 10, 2008 6:21am Jul 10, 2008 6:21am
Quoting Catch-22
WHat about this one, USDCHF is usually quite reliable. Small bar so u can increase your pos too.
It should be okay, if it doesn't brake down too much first.
  • #3,777
  • Jul 10, 2008 6:25am Jul 10, 2008 6:25am
Quoting Catch-22
WHat about this one, USDCHF is usually quite reliable. Small bar so u can increase your pos too.
just got in there. almost doubted myself.. but then i remembered that example PC gave on the usdchf where he had a 6pip SL.. and was racking up the pips when it went his way.

not to say thatll happen now... lol. usdchf is near the top of its recent range.. but had to take it. perfectly valid setup.

--edit-- 7:27am

seems usd/chf is making an attempt at a rally right now.. lets hope it takes out those recent highs and atleast gets to the top of the range. that'd be enough for the first tp at 1 to 1.
- nick andre -
  • #3,778
  • Jul 10, 2008 6:38am Jul 10, 2008 6:38am
Quoting Nick_likes_pips
just got in there. almost doubted myself.. but then i remembered that example PC gave on the usdchf where he had a 6pip SL.. and was racking up the pips when it went his way.

not to say thatll happen now... lol. usdchf is near the top of its recent range.. but had to take it. perfectly valid setup.

--edit-- 7:27am

seems usd/chf is making an attempt at a rally right now.. lets hope it takes out those recent highs and atleast gets to the top of the range. that'd be enough for the first tp at 1 to 1.
If it break the pivot R1 im long too....
  • #3,779
  • Jul 10, 2008 7:39am Jul 10, 2008 7:39am
lol. not looking good

stopped out again
  • #3,780
  • Jul 10, 2008 8:01am Jul 10, 2008 8:01am
Sorry I'm missing the Open(s) this week gang. Busy with work and family events.

I got a PM asking me if I'm do a "Build and Run". I had to laugh .
"Build and Run" is when a person starts a thread and "Builds" a following and then goes starts (Runs) paid website somewhere. I'm thinking, what would the website have on it because its all right here.

Keep up the good work everyone.
Indicators show the past. Price Action "Indicates" the future.
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