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The DIBS Method... No Free Lunch continues

  • #4,281
  • Jul 30, 2008 10:02am Jul 30, 2008 10:02am
Quoting jarroo
Hard to say, we are still finding our way through the DIBS method. Traders will always trade a method to their individual style.

My trades go like this : -16 pips, - 22 pips, break even, break even, + 67 pips, -11 pips, + 273 and growing and adding, -27 pips, break even, + 88 pips, - 15 pips, + 47 pips and growing and adding, etc.
Hi jaaroo, when you say, "growing and adding", what do you exactly mean? Do you add positions when you get another IB signal in the same direction the next day? If yes, do you move your stop to above or below the new IB or do you keep it at the original stop loss level?

Also, your thoughts on exiting the trade is most appreciated, do you wait for an opposite IB signal to take profit?

Thanks for clarifying.
  • #4,282
  • Jul 30, 2008 11:00am Jul 30, 2008 11:00am
Quoting forextrader9
Hi jaaroo, when you say, "growing and adding", what do you exactly mean? Do you add positions when you get another IB signal in the same direction the next day? If yes, do you move your stop to above or below the new IB or do you keep it at the original stop loss level?

Also, your thoughts on exiting the trade is most appreciated, do you wait for an opposite IB signal to take profit?

Thanks for clarifying.
Kimmy you should have been up about 30 pips so i hope you had atleast bank some of iti had put a trail on the rest of mine so i came out with 11 pips...but i did bank most of it at 34 and 54 pips....
  • #4,283
  • Jul 30, 2008 12:54pm Jul 30, 2008 12:54pm
Quoting jarroo
Hard to say, we are still finding our way through the DIBS method. Traders will always trade a method to their individual style.

My trades go like this : -16 pips, - 22 pips, break even, break even, + 67 pips, -11 pips, + 273 and growing and adding, -27 pips, break even, + 88 pips, - 15 pips, + 47 pips and growing and adding, etc.

Hi Jarroo,

Just wondering these trades that you posted, are these today's trades only? I just assumed that you have made many more DIBS traded over the last few months...

Regards,
Kyle
The way is narrow
  • #4,284
  • Jul 30, 2008 2:59pm Jul 30, 2008 2:59pm
Quoting Sainz4Pips
Hi Jarroo,

Just wondering these trades that you posted, are these today's trades only? I just assumed that you have made many more DIBS traded over the last few months...

Regards,
Kyle
Not good this morning. -13 pips Cad and -58 pips on the Gbp/Jpy 4 hour. Thats a small loss for Gbp/Jpy. I'll show charts later tonight.
Indicators show the past. Price Action "Indicates" the future.
  • #4,285
  • Jul 30, 2008 3:13pm Jul 30, 2008 3:13pm
Observations of Market Confusion.

Question: GBP/USD DIBS have been unsatasfactory for "some time" now. How should we change it?

"Some Time" ? It's All Relative. Look @ the Charts and tell me your pumped. 7 & 4 Months of Doldrums!

I wonder why? But, I'll tell you this, The fact that DIBS has made ANY MONEY this season is quite incredible.

This is where you get to live the dream with absolutely no commitment. {Trading} I love you I love you Seeya, I'm outa here. Got a New Hottie...
Attached Image(s) (click to enlarge)
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  • #4,286
  • Jul 30, 2008 3:14pm Jul 30, 2008 3:14pm
Quoting jarroo
Not good this morning. -13 pips Cad and -58 pips on the Gbp/Jpy 4 hour. Thats a small loss for Gbp/Jpy. I'll show charts later tonight.
Thanks for sharing your results. I was logged on to the thread but fell asleep last night. I wont be able to trade with you all tonight soo have a good night of trading tonight and I will see you all next week.
It's me...
  • #4,287
  • Edited 6:53pm Jul 30, 2008 6:39pm | Edited 6:53pm
Quoting Sainz4Pips
Hi Jarroo,

Just wondering these trades that you posted, are these today's trades only? I just assumed that you have made many more DIBS traded over the last few months...

Regards,
Kyle
The trades that I posted are over the last few months. I was just pointing out that the DIBS method will have many small losses and break even trades.

But as Peter has mentioned that catching the main trend or catching the beginning of a reversing trend is where it gets exciting.
Indicators show the past. Price Action "Indicates" the future.
  • #4,288
  • Jul 30, 2008 6:48pm Jul 30, 2008 6:48pm
Quoting kimmy
jaroo when you close half your position at say 20 pips to give you a free trade and then you let the other half run and you end up closing the second half at say 100 pips .......how many pips would you say you took in that trade ?
just wondering how you figure things as everyone does it differently i've found
Boy did I answer this question the wrong way. Sorry about that.

I use full postions and half positions. So it would be half position at 20 pips and the other half at 100 pips. Or 20 pips at a full position and 80 pips at a half poistion. It all spends the same.
Indicators show the past. Price Action "Indicates" the future.
  • #4,289
  • Jul 30, 2008 6:51pm Jul 30, 2008 6:51pm
Quoting kimmy
thanks jaroo yes i understand what you are saying. i am working on S/R levels etc my question was also about how you add up your pips for a trade ? as you split the trade into 2 do you count it as 2 trades ?

cheers
I count it as one trade with two different exits on the same position.
Indicators show the past. Price Action "Indicates" the future.
  • #4,290
  • Edited 8:18pm Jul 30, 2008 7:13pm | Edited 8:18pm
Quoting forextrader9
Hi jaaroo, when you say, "growing and adding", what do you exactly mean? Do you add positions when you get another IB signal in the same direction the next day? If yes, do you move your stop to above or below the new IB or do you keep it at the original stop loss level?

Also, your thoughts on exiting the trade is most appreciated, do you wait for an opposite IB signal to take profit?

Thanks for clarifying.
Great question. I'll have to answer this later., I can't post charts right now.

Basicly adding to a growing position that is already with the trend when another DIBS signal is presented. I like to let each trade stand on its own, but I will move my stop losses above/below areas of S/R levels, Price Action, trendlines, etc.


I don't let an opposite signal to take profits. I usually let a higher time frame Price Action formation, S/R level, etc. define my profit taking.
Indicators show the past. Price Action "Indicates" the future.
  • #4,291
  • Jul 30, 2008 10:01pm Jul 30, 2008 10:01pm
Quoting jarroo
The trades that I posted are over the last few months. I was just pointing out that the DIBS method will have many small losses and break even trades.

But as Peter has mentioned that catching the main trend or catching the beginning of a reversing trend is where it gets exciting.

Thanks, I see what you are saying. I heard that the markets are ranging 80% of the time and in a trend 20% of the time, would you concur with theory?

Nevertheless when the trend does come back that will be very exciting, I would love to see a DIBS go for 1000 pips and hear about it right here on DIBS Continued how some of you are taking those kinds of profits!
The way is narrow
  • #4,292
  • Jul 31, 2008 1:17am Jul 31, 2008 1:17am
Anyone else short?
  • #4,293
  • Jul 31, 2008 1:21am Jul 31, 2008 1:21am
Quoting 4FXsake
Anyone else short?
Yes, I am short U/J and it has all ready hit 1:1.
I am also short U/Chf, still waiting on this one.
  • #4,294
  • Jul 31, 2008 1:24am Jul 31, 2008 1:24am
I rarely look at 15 mins chart but price broke through 200ma and now finding resistance on 365ma
  • #4,295
  • Jul 31, 2008 1:27am Jul 31, 2008 1:27am
Quoting edwinnk
Yes, I am short U/J and it has all ready hit 1:1.
I am also short U/Chf, still waiting on this one.

Looks good for U/Chf
  • #4,296
  • Jul 31, 2008 1:32am Jul 31, 2008 1:32am
Nice one guys on Usd/Jpy. I'm getting home late.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #4,297
  • Edited 2:25am Jul 31, 2008 2:13am | Edited 2:25am
All majors at significant s/r areas, I hope you've covered your first half (which I believe you have by now) on UJ and UC. Lets see what price does, but since the bounce from these areas aren't so big so far and price is still testing the s/r areas I'm gonna say it'll brake them
EDIT: no brake on the first test, but it might not be over yet...
  • #4,298
  • Jul 31, 2008 2:41am Jul 31, 2008 2:41am
Quoting NowAndLater
All majors at significant s/r areas, I hope you've covered your first half (which I believe you have by now) on UJ and UC. Lets see what price does, but since the bounce from these areas aren't so big so far and price is still testing the s/r areas I'm gonna say it'll brake them
EDIT: no brake on the first test, but it might not be over yet...
No trade for me just yet....but i am long on the gbpusd...would like to see a Dibs entry....
  • #4,299
  • Edited 3:10am Jul 31, 2008 2:53am | Edited 3:10am
Quoting NowAndLater
All majors at significant s/r areas, I hope you've covered your first half (which I believe you have by now) on UJ and UC. Lets see what price does, but since the bounce from these areas aren't so big so far and price is still testing the s/r areas I'm gonna say it'll brake them
EDIT: no brake on the first test, but it might not be over yet...
Now I would say the war at the zone is over and USD bulls have won the first battle. UJ was taken out easy, UC is still in play though (lets see how long)...
Big news day today and tomorrow for USD. For me will not be entering any more DIBS this week.
  • #4,300
  • Jul 31, 2008 2:53am Jul 31, 2008 2:53am
Oh 4fxsake!
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