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The DIBS Method... No Free Lunch continues

  • #4,861
  • Aug 15, 2008 12:50am Aug 15, 2008 12:50am
Quoting Predator38
lol agreed, but I would like to be able to monitor many pairs and possibly sleep while the good trading hours are occuring, then when a signal for IB goes off, my blaring loud speakers will wake me up

having a lot of respect for you jarroo from reading all your posts, have you tried any of those?

Thanks!

Pred

Yes, I put them on every now and then.
Indicators show the past. Price Action "Indicates" the future.
  • #4,862
  • Aug 15, 2008 1:01am Aug 15, 2008 1:01am
Quoting Trumpcard
for those who like to take DIBS trades on JPY pairs during the Asian session, check out UJ and GJ. Both slowly inching up. GJ reversing off the weekly 50fib and just shy of breaking yesterday's daily IB high UJ powering off the daily pinbar.
Looks good Trumpman.

Not at home right now and can't veiw my regular charts, post a chart or make trade. Just looking in for right now. (damn web charts) lol.
Indicators show the past. Price Action "Indicates" the future.
  • #4,863
  • Aug 15, 2008 1:05am Aug 15, 2008 1:05am
Quoting Forex007
I had similar impression too (but nothing than an impression as I didn't do detailed backtesting to check this behavior).

Jaroo, are you familiar with this product - http://www.forextester.com ? I was told it's great for discretionary backtesting as it replays the market back tick by tick (similar to MT4, but in a more intuitive way).
No I'm not familiar with that product, but it looks pretty cool.
Indicators show the past. Price Action "Indicates" the future.
  • #4,864
  • Aug 15, 2008 1:36am Aug 15, 2008 1:36am
Quoting jarroo
No I'm not familiar with that product, but it looks pretty cool.
I am planning to do some extensive backtesting of IBs soon (since I only need to go through one TF ) to check your "next bar" observation as well as your "stop-n-reverse" approach (in terms of success rate).
One Chart is Worth Ten Thousand Words.
  • #4,865
  • Aug 15, 2008 1:39am Aug 15, 2008 1:39am
Quoting Forex007
I am planning to do some extensive backtesting of IBs soon (since I only need to go through one TF ) to check your "next bar" observation as well as your "stop-n-reverse" approach (in terms of success rate).
Let us know what you find out.
Indicators show the past. Price Action "Indicates" the future.
  • #4,866
  • Edited 1:58am Aug 15, 2008 1:41am | Edited 1:58am
g/u. yummy. It doesn't get much better...



u/j took a little faith, but I think it was worth it.


Do DIBS instead.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy.gif Size: 24 KB
  • #4,867
  • Aug 15, 2008 2:05am Aug 15, 2008 2:05am
Quoting Verto
g/u. yummy. It doesn't get much better...



u/j took a little faith, but I think it was worth it.


Do DIBS instead.
Nicely done.

The g/u 4 hour IB trade risk was about 23 pips. If my goofy web chart is correct.
Indicators show the past. Price Action "Indicates" the future.
  • #4,868
  • Aug 15, 2008 2:08am Aug 15, 2008 2:08am
Quoting jarroo
Nicely done.

The g/u 4 hour IB trade risk was about 23 pips. If my goofy web chart is correct.
I wish brokers all used the same times for closing bars, sighs. Mainly why I use hourly. All the same this is probarly the one.
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  • #4,869
  • Aug 15, 2008 2:18am Aug 15, 2008 2:18am
Quoting Verto
I wish brokers all used the same times for closing bars, sighs. Mainly why I use hourly. All the same this is probarly the one.
Thanks Verto. Close enough for me.
Indicators show the past. Price Action "Indicates" the future.
  • #4,870
  • Aug 15, 2008 3:04am Aug 15, 2008 3:04am
does anyone see a pending short on EURJPY? I'm checking to make sure becuase I will be starting to trade live with DIBS for the first time...

Thanks

Pred
  • #4,871
  • Aug 15, 2008 3:34am Aug 15, 2008 3:34am
Yup saw it took it and just got stopped out
  • #4,872
  • Aug 15, 2008 3:46am Aug 15, 2008 3:46am
I took a Dibs last week and am up by 950 + pips ,dibs is the way.pls find attached the trade,lol
Attached Image (click to enlarge)
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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #4,873
  • Aug 15, 2008 3:50am Aug 15, 2008 3:50am
Quoting Tzar
Yup saw it took it and just got stopped out
OK me too, at least i feel like i'm on track ... kind of disappointing when it shoots up over 40 pips immediately after your sell stop is hit huh?

oh well lol

Pred
  • #4,874
  • Aug 15, 2008 4:01am Aug 15, 2008 4:01am
Let's see how this one works out. I'm thinking nicely. I'm wrong half the time soooooo
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  • #4,875
  • Aug 15, 2008 4:05am Aug 15, 2008 4:05am
hey verto, what exactly are you basing those buys on? I dont see any IB there...am I wrong?

Pred
  • #4,876
  • Aug 15, 2008 4:13am Aug 15, 2008 4:13am
Quoting Predator38
hey verto, what exactly are you basing those buys on? I dont see any IB there...am I wrong?

Pred
The bar right next to the open, purple highlighted... that is a IB in my book high one pip lower, lower alot pips higher. Then we a break of the IB on the next hour bar, and the trend is up for the day, my white dotted.
  • #4,877
  • Aug 15, 2008 4:16am Aug 15, 2008 4:16am
there was an ib there. I took that one aswell. Not to sure on it tho being at such a psychological level but took it anyways.

Reversed my position on EJ aswell
  • #4,878
  • Aug 15, 2008 4:21am Aug 15, 2008 4:21am
Quoting Tzar
there was an ib there. I took that one aswell. Not to sure on it tho being at such a psychological level but took it anyways.

Reversed my position on EJ aswell
I think if EU contiues on the path it is heading then things will work out for us.
  • #4,879
  • Aug 15, 2008 4:28am Aug 15, 2008 4:28am
Quoting lordgbengs
I took a Dibs last week and am up by 950 + pips ,dibs is the way.pls find attached the trade,lol



lordbengs,


The power of Dibs, brilliant results, beats anything I have made on Dibs.


regards,


BabeFX.
  • #4,880
  • Aug 15, 2008 5:44am Aug 15, 2008 5:44am
Could be a two IB formation on Eur/USD
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