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The DIBS Method... No Free Lunch continues

  • #4,741
  • Aug 12, 2008 7:23am Aug 12, 2008 7:23am
Quoting BUIGO
Amazing work and congrats guys !

My very first trade using dibsis that I am buying the eur/usd at 1.4905 right now!
Looking good BUIGO. Not a bad 1st DIBS trade.
Indicators show the past. Price Action "Indicates" the future.
  • #4,742
  • Aug 12, 2008 7:30am Aug 12, 2008 7:30am
Quoting jarroo
Looking good BUIGO. Not a bad 1st DIBS trade.

also was in. captured fast 30 eurusd pippopotamus' ^
  • #4,743
  • Aug 12, 2008 7:31am Aug 12, 2008 7:31am
Quoting Dr.Geppynius
also was in. captured fast 30 eurusd pippopotamus' ^
Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #4,744
  • Aug 12, 2008 7:36am Aug 12, 2008 7:36am
SH*T....
I did not see that price was already 30 pips..

Ok.. my mistake.. lets wait

Best,
Tom

EDIT:

2/3 closed and now free trade

Quoting Dr.Geppynius
also was in. captured fast 30 eurusd pippopotamus' ^
  • #4,745
  • Aug 12, 2008 7:38am Aug 12, 2008 7:38am
I'm back after a short break - what the heck hit the Loonie? The spike down is incredible - don't see any fundamental new to do that. Any suggestion?
Never argue with a fool....
  • #4,746
  • Aug 12, 2008 7:39am Aug 12, 2008 7:39am
Quoting tfflyer
SH*T....
I did not see that price was already 30 pips..

Ok.. my mistake.. lets wait

Best,
Tom
tff you still in the Eur/Jpy? Possible add-on the long position.
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Indicators show the past. Price Action "Indicates" the future.
  • #4,747
  • Aug 12, 2008 7:40am Aug 12, 2008 7:40am
eurusd extremely smells like intervention! definitely. the correlation between eur and gold has not suddenly disappeared. normally gold follows eur, but these times there definitely is some centralbank intervention taking place. i dont really want to stay longer in an eurusd trade than neede. 30 pips is ok ^
  • #4,748
  • Aug 12, 2008 7:43am Aug 12, 2008 7:43am
have i mentioned before I love DIBS? (as long as my EU long and UJ shorts don't retrace on me!)
  • #4,749
  • Aug 12, 2008 7:49am Aug 12, 2008 7:49am
Quoting Dr.Geppynius
eurusd extremely smells like intervention! definitely. the correlation between eur and gold has not suddenly disappeared. normally gold follows eur, but these times there definitely is some centralbank intervention taking place. i dont really want to stay longer in an eurusd trade than neede. 30 pips is ok ^
Hey doc, I think you are correct - someone is pumping huge amounts of cash into the market to cause these large moves in a lot of the pairs.
Never argue with a fool....
  • #4,750
  • Aug 12, 2008 7:50am Aug 12, 2008 7:50am
Quoting BUIGO
Amazing work and congrats guys !

My very first trade using dibsis that I am buying the eur/usd at 1.4905 right now!

And by now it should be a "Free Trade". with NO risk If you closed 1/2 your position at the 1:1 level. Which I think is one of the best parts of this system. I am also in this one @ 1.4906. I think I added 1 or 2 pips to be sure it would actually break, not just touch and ruin the other way.

Rusty
  • #4,751
  • Aug 12, 2008 7:50am Aug 12, 2008 7:50am
Quoting Trumpcard
have i mentioned before I love DIBS? (as long as my EU long and UJ shorts don't retrace on me!)
simple things work best. but that is, of course, tried to be hidden from the retail traders, because they are neede to put fresh new money into the markets

dont be afraid of a retrace and dont be too greedy! trail your stop up to an moving average or place it below the bar low, two bars ago and trail it in that way.

never let the position turn againsst you when it has achieved +20. i always trail my stop to +1 after 20 pips. and then, depending on price action, i put it higher.
  • #4,752
  • Aug 12, 2008 8:02am Aug 12, 2008 8:02am
Jarroo, my long was taken out after i got 2/3 at BE. But i would add-on at the IB high when it came back You can see it where is yellow ellipse.

But missed 2 times already doing other things

p.s.
Also, i would add-on small pos.

Best,
Tom


Quoting jarroo
tff you still in the Eur/Jpy? Possible add-on the long position.
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  • #4,753
  • Aug 12, 2008 8:12am Aug 12, 2008 8:12am
I am free-riding already!
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Click to Enlarge Name: eur 8-12-08.gif Size: 17 KB
  • #4,754
  • Aug 12, 2008 8:14am Aug 12, 2008 8:14am
Quoting tigertrader
I'm back after a short break - what the heck hit the Loonie? The spike down is incredible - don't see any fundamental new to do that. Any suggestion?

Could be US & CAD trade balance figures that were out 43mins ago.

Regards,

BabeFX
  • #4,755
  • Aug 12, 2008 8:16am Aug 12, 2008 8:16am
Quoting BUIGO
I am free-riding already!
Great job.
Indicators show the past. Price Action "Indicates" the future.
  • #4,756
  • Aug 12, 2008 9:30am Aug 12, 2008 9:30am
Quote
I'm back after a short break - what the heck hit the Loonie? The spike down is incredible - don't see any fundamental new to do that. Any suggestion?


My opinion: just the normal price action after a nice run, lets see what happens next
  • #4,757
  • Aug 12, 2008 11:40am Aug 12, 2008 11:40am
It is great to see folks taking IB breakouts and having success. I have been minimally demoing and studying and asking for about 6 weeks now which is when I discovered this market. It is time that I begin to look for setups now. Does anyone use FXCM when looking for IB's? I also have an ODL MT4 demo going and I see more using that type of platform however I tend to like FXCM overall.
The way is narrow
  • #4,758
  • Aug 12, 2008 3:48pm Aug 12, 2008 3:48pm
Quoting jarroo
tff you still in the Eur/Jpy? Possible add-on the long position.
Well the add-on never came and my first trade stopped out at break even. I did not stop and reverse, it was late in the day. Net pips: 0. But the set-up had potential to be a big gain. Yes, if I took 2/3 off the first trade it would have netted 45 pips on 1/3 position.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #4,759
  • Aug 12, 2008 3:53pm Aug 12, 2008 3:53pm
Quoting BUIGO
I am free-riding already!
Hope your still riding free BUIGO.
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Indicators show the past. Price Action "Indicates" the future.
  • #4,760
  • Aug 12, 2008 4:25pm Aug 12, 2008 4:25pm
did anyone had this price slippage for eur jpy at the open of the new candle?

I am so pissed. I was short from 163.39, DIBS trade, and had the stop at 163.91. everything was going well till I saw that I was stopped out and then the price was back where it was a min before.

IBFX said the price was valid. How can it be valid for the price to gap 90 pips and fall back to the normal level in 2 secs? I believe this was more of a stop hunting....
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