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The DIBS Method... No Free Lunch continues

  • #5,241
  • Aug 27, 2008 7:32am Aug 27, 2008 7:32am
Quoting jarroo
I took the break of recent Euro IB at 1.4764.
That was a quick stop out for -23pip.
Indicators show the past. Price Action "Indicates" the future.
  • #5,242
  • Aug 27, 2008 7:41am Aug 27, 2008 7:41am
Yes, for me too it was quick stop.
Also UJ stopped out.

GU and UC also stoped out - BUT IT WAS MY MISTAKE - i didnt close trades at 1:1 or 2/3 etc.... .. SO, people, dont do so , it will cost to You a money

STICK TO THE RULES !!!!!!!!!!!!!


Best wishes,
Tom


Quoting jarroo
That was a quick stop out for -23pip.
  • #5,243
  • Aug 27, 2008 8:03am Aug 27, 2008 8:03am
Quoting jarroo
On the 4 hour chart, taking the break of the bottom of an IB in a downtrend and the break of the top of an IB in a uptrend would not be a bad decision.

Gpy/Jpy. 4 hour IBs in a downtrend. Missed one today (damn sleep)
Jarroo,

Your 4hr chart(top left corner) on the gbp/y show a text that says "only works on 1hr timeframe".... what does that mean?...just curious
Unus pro omnibus, omnes pro uno
  • #5,244
  • Aug 27, 2008 8:05am Aug 27, 2008 8:05am
Quoting moneda
Jarroo,

Your 4hr chart(top left corner) on the gbp/y show a text that says "only works on 1hr timeframe".... what does that mean?...just curious
That's the DIBS_TriggerLines1.1 Indentifier that I use from time to time.
Indicators show the past. Price Action "Indicates" the future.
  • #5,245
  • Aug 27, 2008 8:34am Aug 27, 2008 8:34am
Quoting jarroo
That's the DIBS_TriggerLines1.1 Indentifier that I use from time to time.

Thanks Jarroo, I am still in my 4hr. usd/chf trade (short).... not doing well but we will see if it takes a deep breath and dives down...
Unus pro omnibus, omnes pro uno
  • #5,246
  • Aug 27, 2008 8:37am Aug 27, 2008 8:37am
Quoting moneda
Thanks Jarroo, I am still in my 4hr. usd/chf trade (short).... not doing well but we will see if it takes a deep breath and dives down...
Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #5,247
  • Aug 27, 2008 9:01am Aug 27, 2008 9:01am
ib on eur
  • #5,248
  • Aug 27, 2008 9:02am Aug 27, 2008 9:02am
eurusd
  • #5,249
  • Aug 27, 2008 9:04am Aug 27, 2008 9:04am
i
  • #5,250
  • Aug 27, 2008 9:08am Aug 27, 2008 9:08am
this ib formed right at the weekly open line so it could go either way .it is beloww the weekly line so I am short.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 8-27-08 10 am.gif Size: 18 KB
  • #5,251
  • Aug 27, 2008 9:11am Aug 27, 2008 9:11am
Quoting BUIGO
this ib formed right at the weekly open line so it could go either way .it is beloww the weekly line so I am short.
May I ask why you combine the weekly open with the 1h DIBS?
  • #5,252
  • Aug 27, 2008 9:13am Aug 27, 2008 9:13am
Quoting moneda
Thanks Jarroo, I am still in my 4hr. usd/chf trade (short).... not doing well but we will see if it takes a deep breath and dives down...
Hello,

My stoploss was hit for a -60 pips(usd/chf). The support area around 1.0920 held strong... I will consider reversing my trade(long) once it goes above the weekly open line @ 1.0980..... except the swissy is ranging and there is resistance close by.

Later,
Unus pro omnibus, omnes pro uno
  • #5,253
  • Aug 27, 2008 9:17am Aug 27, 2008 9:17am
Quoting BUIGO
this ib formed right at the weekly open line so it could go either way .it is beloww the weekly line so I am short.
Considering usd news which came out way better than expected then eur/usd short should be good. I'm not in that trade though.

Btw. i've discovered that IB's could be used really efficiently for scalping too on 5min charts with MTF stochastic (15min, 30min, 1H, 4H). Just to catch 7-20 pips and maybe even more per move. Visaully backtested it on g/u.
  • #5,254
  • Aug 27, 2008 9:20am Aug 27, 2008 9:20am
Quoting moneda
Hello,

My stoploss was hit for a -60 pips(usd/chf). The support area around 1.0920 held strong... I will consider reversing my trade(long) once it goes above the weekly open line @ 1.0980..... except the swissy is ranging and there is resistance close by.

Later,
The Daily PB and your 4 hour IB worked but ran into a S/R level that stalled (reversed) your trade.

As you said.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #5,255
  • Aug 27, 2008 9:30am Aug 27, 2008 9:30am
Hi Jarroo this member has the same picture than you....
http://www.forexfactory.com/member.php?u=11273
money... it's a gas baby, can't you take it! venezia
  • #5,256
  • Aug 27, 2008 9:32am Aug 27, 2008 9:32am
Quoting mrmarco
Hi Jarroo this member has the same picture than you....
http://www.forexfactory.com/member.php?u=11273
Yeah he stole my avatar. oh well.
Indicators show the past. Price Action "Indicates" the future.
  • #5,257
  • Aug 27, 2008 9:54am Aug 27, 2008 9:54am
Quoting jarroo
Yeah he stole my avatar. oh well.
sue him for 500 pips
Trade what you see, not what you think.
  • #5,258
  • Aug 27, 2008 9:57am Aug 27, 2008 9:57am
Quoting karmostaji
sue him for 500 pips
I filed at Forex Factory court.
Indicators show the past. Price Action "Indicates" the future.
  • #5,259
  • Aug 27, 2008 10:18am Aug 27, 2008 10:18am
Quoting jarroo
I filed at Forex Factory court.
So that's why I just received the ForexFactory jury duty notice, thanks a lot Jarroo...

Quoting karmostaji
sue him for 500 pips
LOL!...
  • #5,260
  • Aug 27, 2008 10:24am Aug 27, 2008 10:24am
Quoting jarroo
Tell me your still in this trade elk?
Tell me again your still in this DIBS trade. If your not, lie to me.
Indicators show the past. Price Action "Indicates" the future.
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