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The DIBS Method... No Free Lunch continues

  • #5,361
  • Sep 4, 2008 3:08am Sep 4, 2008 3:08am
where did everyone go lately?
  • #5,362
  • Sep 4, 2008 4:20am Sep 4, 2008 4:20am
Just to give an update for today for myself.

4 Hour IB again.

USD CHF

Short at 1.1039

SL at 1.1076

1st Take 0.5 lots Profit at 1.1011
(Market hit exactly at this level and turned back.)

Shifted other 1/2 lot to break even level
(got stopped out at 0 loss)

+28 pips today.

Awaiting for new IBs to form due to the uncertainty still.
  • #5,363
  • Sep 4, 2008 5:49am Sep 4, 2008 5:49am
Is it me? or is there a lot of early moves this week, like from 0400 - 0600 GMT?

Rusty
  • #5,364
  • Sep 4, 2008 10:14am Sep 4, 2008 10:14am
Please tell me i wasn't the only one whe caught the EURUSD Short @1.4504



Rusty
  • #5,365
  • Sep 4, 2008 10:27am Sep 4, 2008 10:27am
Quoting rusty105
Please tell me i wasn't the only one whe caught the EURUSD Short @1.4504



Rusty
Double Inside Bar with the trend. Very nice.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,366
  • Sep 4, 2008 10:47am Sep 4, 2008 10:47am
I missed the second IB (Day Job got in the way), but still nice

Rusty


ps Has it been quiet lately? I thoght the end of Summer would pick things up a little
  • #5,367
  • Sep 4, 2008 10:50am Sep 4, 2008 10:50am
Quoting rusty105
I missed the second IB (Day Job got in the way), but still nice

Rusty


ps Has it been quiet lately? I thoght the end of Summer would pick things up a little
I guess it has been quiet lately. Work has been irratic for me. Hard to keep a schedule.
Indicators show the past. Price Action "Indicates" the future.
  • #5,368
  • Sep 4, 2008 10:53am Sep 4, 2008 10:53am
Quoting jarroo
Double Inside Bar with the trend. Very nice.
Well done, Jaroo! XLNT trade!
One Chart is Worth Ten Thousand Words.
  • #5,369
  • Sep 4, 2008 11:07am Sep 4, 2008 11:07am
Quoting Forex007
Well done, Jaroo! XLNT trade!
The applause goes to rusty.

I missed it.
Indicators show the past. Price Action "Indicates" the future.
  • #5,370
  • Sep 4, 2008 1:26pm Sep 4, 2008 1:26pm
Quoting jarroo
The applause goes to rusty.

I missed it.
HELLO GUYS,
I KNOW HAV NOT BEEN ACTIVE IN THESE DIBS ROOM BUT I'M A FANATIC TO DIBS SETUP...THIS GOES TO JAROO>>>BEMAC>>>>> AND ALL US WHO WHO MADE DIBS LOVABLE....GIVE ME P......PETER CROWNS IS REALY A SON OF A PIP IM STILL SHOOTING UJ WITH 135 PIPS.....im really loving it!
Attached Image (click to enlarge)
Click to Enlarge Name: dibs till death.gif Size: 23 KB
Respect a man, and he will do all the more.
  • #5,371
  • Sep 4, 2008 1:58pm Sep 4, 2008 1:58pm
Quoting jarroo
The applause goes to rusty.

I missed it.
Thanks jarooo, but the real applause should be going to you and some of the others who have helped us 'students' with this method.

To follow up a little, 60% was closed at 1.4460 to insure I had something in the bank if it retraced to the SL. Another 20% was closed somewhere around +140 pip, and the rest is just riding along

Rusty

ps I wish I had more days like this!
  • #5,372
  • Sep 4, 2008 3:47pm Sep 4, 2008 3:47pm
Hi everyone, today i also tooked EU, but not let run profit as much as Rusty, but its ok..

I would like to know is there some IB alerter ? I found one, but its not working for me - perhaps i dont know how to use it


Thank You.


Best wishes,
Tom
  • #5,373
  • Sep 4, 2008 3:50pm Sep 4, 2008 3:50pm
Quoting rusty105
ps I wish I had more days like this!
If everyday was like today I would be retired by now

Pred
  • #5,374
  • Sep 4, 2008 6:38pm Sep 4, 2008 6:38pm
so hard to keep up with all the PA. congratulations Rusty, that was a beautiful 10% trade!

Euro had a nice 4HR DBHLC perhaps pointing at things to come. Missed the double IBs. However, it wasn't just a double IB, it's what J16 refers to as an I4B or commonly known as an Nr4. Simply an IB with the smallest range of the past 3 bars - often leads to explosive breakouts. Maybe this is something that could be looked at regardless of the daily open.
  • #5,375
  • Edited 9:13pm Sep 4, 2008 8:41pm | Edited 9:13pm
Quoting Trumpcard
so hard to keep up with all the PA. congratulations Rusty, that was a beautiful 10% trade!

Euro had a nice 4HR DBHLC perhaps pointing at things to come. Missed the double IBs. However, it wasn't just a double IB, it's what J16 refers to as an I4B or commonly known as an Nr4. Simply an IB with the smallest range of the past 3 bars - often leads to explosive breakouts. Maybe this is something that could be looked at regardless of the daily open.
I4B is something I look at them all the time. But I thought it was strictly for the Private Form, but then I remembered Mike and others talking about it on the James16 Chart Thread. Time to read the Thread again.

Info on I4B:

http://www.forexfactory.com/showpost...postcount=1309
Indicators show the past. Price Action "Indicates" the future.
  • #5,376
  • Sep 4, 2008 9:34pm Sep 4, 2008 9:34pm
Hi All

Regarding dibs trigger lines 1.2, has any one got a modified version that works on all times frames not just H1
  • #5,377
  • Sep 4, 2008 10:05pm Sep 4, 2008 10:05pm
Quoting shaker22a
Hi All

Regarding dibs trigger lines 1.2, has any one got a modified version that works on all times frames not just H1
Yes I modified that version a while a go to do the following:

[I added full customizable options (color, size, width, and style) to
the indicator. It now also has the option to be used on any time frame when the "Show DIBS On All Time Frames" option is set to True. DIBS open hours are now more specifically specified...]

But one of the things I could not get rid of is that when you use it on the daily+ time frames is that the hourly lines fill up the chart (this is why I never posted it). Other than that it works though sometimes you might have to refresh the chart to make the days opening line show up but this is an issue that came from the original code and not from mods.

Below are some M15, M30, H4, and Daily charts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu m15 dibs....gif Size: 17 KB
Click to Enlarge Name: eu m30 dibs....gif Size: 18 KB
Click to Enlarge Name: eu h4 dibs....gif Size: 24 KB
Click to Enlarge Name: eu d1 dibs....gif Size: 22 KB
  • #5,378
  • Sep 4, 2008 10:17pm Sep 4, 2008 10:17pm
Thnx 4 quick reply Aad

Could u post it anyway, in mq4, this way someone else ont the board might take a look at it and fix any issues

cheers
Thnx in advance
  • #5,379
  • Sep 5, 2008 1:53am Sep 5, 2008 1:53am
Quoting jarroo
The applause goes to rusty.

I missed it.
Hi every one

I did'nt post any message but i have been following this disscussion for about a month, and find it great, that gave me a lot more method to my trading.

just wanted to let every one know that I did'nt take position on the IB EUR USD yesterday because the pair was close to a major support on the weekly and daily chart.... I still a biginner (open an account 3 month earlyer...)
so I propbably need more confidence to go in the trade.

by the way I am french so excuse my speling...

if that ok with people on the thread, I will post some trade idea..

hervé
  • #5,380
  • Sep 5, 2008 4:09am Sep 5, 2008 4:09am
Quoting hervé
Hi every one

I did'nt post any message but i have been following this disscussion for about a month, and find it great, that gave me a lot more method to my trading.

just wanted to let every one know that I did'nt take position on the IB EUR USD yesterday because the pair was close to a major support on the weekly and daily chart.... I still a biginner (open an account 3 month earlyer...)
so I propbably need more confidence to go in the trade.

by the way I am french so excuse my speling...

if that ok with people on the thread, I will post some trade idea..

hervé
The only word I noticed mispelled was 'speling' I think you are off to a good start... haha better than most anyway.

Don't worry about missed trades... most probarly didn't even look for major support. The E/u is currently in a free fall...normally while major support would be respected it doesn't seem to be happening lately. It is a crazy time right now.
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