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The DIBS Method... No Free Lunch continues

  • #5,461
  • Sep 16, 2008 5:59am Sep 16, 2008 5:59am
Quoting jarroo
BUllish Outside Bar is a Price Action formation. BUOB, depending on its location, indicates a bullish direction of Price.

Learn more here:

http://www.forexfactory.com/showthread.php?t=2331
any body is going to take that Dibs ?
  • #5,462
  • Sep 16, 2008 6:19am Sep 16, 2008 6:19am
YEAH,

I have taken positions on three pairs; EURUSD,USDJPY and USDCHF.

DIBS formations were formed during the previous hour.

Lets see how this goes.
Forex trading reveals the real you...
  • #5,463
  • Sep 16, 2008 6:36am Sep 16, 2008 6:36am
Quoting Ehi
YEAH,

I have taken positions on three pairs; EURUSD,USDJPY and USDCHF.

DIBS formations were formed during the previous hour.

Lets see how this goes.
I take it as you haven't any position yet, if you take the 0700 GMT open?
  • #5,464
  • Sep 16, 2008 6:41am Sep 16, 2008 6:41am
actually pending orders.
Forex trading reveals the real you...
  • #5,465
  • Sep 16, 2008 6:44am Sep 16, 2008 6:44am
just triggered the USDJPY SELLSTOP
Forex trading reveals the real you...
  • #5,466
  • Sep 16, 2008 6:52am Sep 16, 2008 6:52am
Just Checking The Highly Volatile Gbpjpy,there Has Been Some Nice Dibs Move Today.

Is Anyone Trading This Pair?
Forex trading reveals the real you...
  • #5,467
  • Edited 7:18am Sep 16, 2008 7:12am | Edited 7:18am
Quoting Ehi
YEAH,

I have taken positions on three pairs; EURUSD,USDJPY and USDCHF.

DIBS formations were formed during the previous hour.

Lets see how this goes.

Can you lets us know what direction you went?

I only set a pending short on EURUSD, and pending Long on USDCHF.

EURUSD triggered @11:02 GMT at 1.4170 and then stopped aout a little later
USDCHF @ 1.1159 hasen't triggered, and probably wont
Both followed the rule of setting the direction of the day, but something was a miss ????

Rusty
  • #5,468
  • Sep 16, 2008 7:23am Sep 16, 2008 7:23am
PENDING SHORT ON eur/usd, dindt hit as i took the low of the bar prior to the in-bar, u took the low of the in-bar which was against the rule.Mine was set at 1.4161,wich never hit.

The USD/CHF hasnt been triggered, set both ways, i.e short and long.

my running trade got stopped out (USD/JPY).Had a pending short order on 103.71, it hit and stopped be out at 104.12.

Have just 34 cents left in my account.lets see how it goes.

REgards
Forex trading reveals the real you...
  • #5,469
  • Sep 16, 2008 7:29am Sep 16, 2008 7:29am
Quoting Ehi
PENDING SHORT ON eur/usd, dindt hit as i took the low of the bar prior to the in-bar, u took the low of the in-bar which was against the rule.Mine was set at 1.4161,wich never hit.

REgards
I believe the High and the Low entry points are high of IB +1, and Low of IB -1 . Correct??

Rusty
  • #5,470
  • Sep 16, 2008 7:35am Sep 16, 2008 7:35am
YEAH,
you are very correct.i got it wrong, just went back to the first page.

Thanks
Forex trading reveals the real you...
  • #5,471
  • Sep 16, 2008 8:48am Sep 16, 2008 8:48am
Hey guys, been following for a while. Has anyone played around with any filters? Any ideas about which DIBS to take, and which to leave alone?
  • #5,472
  • Sep 16, 2008 10:10am Sep 16, 2008 10:10am
I've looked through the paperclip section and found an indicator for 'Daily open line' and 'Weekly open line' but not a 'Four hour open line'. Does anyone know if one's been made?
All flesh is as grass
  • #5,473
  • Sep 17, 2008 1:10am Sep 17, 2008 1:10am
Hi every body

I took this one this morning at 4 GMT on the eur usd...

it's going ok for the moment, any way I got the free trade point, but I just want to know your thouht about that trade, as I took it ealier than the open, and I followed the advice of this post.

http://www.forexfactory.com/showpost...&postcount=314

just wanted to know if the trade I took was a valid DIBS according to the rules

oh is there any one trading the opening this morning?

Hervé
  • #5,474
  • Sep 17, 2008 1:26am Sep 17, 2008 1:26am
Quoting hervé
Hi every body

I took this one this morning at 4 GMT on the eur usd...

it's going ok for the moment, any way I got the free trade point, but I just want to know your thouht about that trade, as I took it ealier than the open, and I followed the advice of this post.

http://www.forexfactory.com/showpost...&postcount=314

just wanted to know if the trade I took was a valid DIBS according to the rules

oh is there any one trading the opening this morning?

Hervé
Not totally valid because the 0400 GMT IB was not played off the 0600 GMT open. But your in a free trade now can't argue with that.
Indicators show the past. Price Action "Indicates" the future.
  • #5,475
  • Sep 17, 2008 2:38pm Sep 17, 2008 2:38pm
great DIBS trade today on cable. Lucky I got this one to recoup my losses on the other ones. Except GU, all the other DIBS trades today whipsawed like hell.
Market can stay irrational longer than you can stay solvent.
  • #5,476
  • Sep 18, 2008 5:06am Sep 18, 2008 5:06am
Hi all,

Please excuse the digression, just wanted to know if there are any forex traders in the latest Forbe's list.

Will appreciate your contributions.
Forex trading reveals the real you...
  • #5,477
  • Sep 18, 2008 1:57pm Sep 18, 2008 1:57pm
not easy to stick to the rules after price moved up tha far and than came down.
H4 works very good with USDCHF in the past.
Attached Image (click to enlarge)
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  • #5,478
  • Sep 18, 2008 7:30pm Sep 18, 2008 7:30pm
long on ec 1,5863
  • #5,479
  • Sep 18, 2008 9:34pm Sep 18, 2008 9:34pm
Well - I have been a lurker for a while and am starting to pay more attention to this method. I am normally not one to share specifics, but I am pretty stoked right now...

My buy of nzdjpy was filled at 17:17 GMT and is currently 130 pips up on the free trade after banking 50 pips.

My sell of eurusd was filled at 23:12 GMT and is currently 85 pips up on the free trade after banking 39 pips.

I have 50 pip trailing stops on both orders - worse case would be to bank another 145 pips.

Boy - I got to pay more attention to this...


T...
  • #5,480
  • Sep 19, 2008 12:09am Sep 19, 2008 12:09am
Quoting tsquad
Well - I have been a lurker for a while and am starting to pay more attention to this method. I am normally not one to share specifics, but I am pretty stoked right now...

My buy of nzdjpy was filled at 17:17 GMT and is currently 130 pips up on the free trade after banking 50 pips.

My sell of eurusd was filled at 23:12 GMT and is currently 85 pips up on the free trade after banking 39 pips.

I have 50 pip trailing stops on both orders - worse case would be to bank another 145 pips.

Boy - I got to pay more attention to this...


T...
Nice job tsq.

You got the basic concept of the set-up down, i.e. Inside Bar with the trend of the day.
You will want to look at the Open of the Day we use from the 1st post. We find that higher probability trades will occurr at this time of the session.

You may have your own set-up parameters for a DIBS trade, which is great.
But we like to follow the guidelines from what Peter has provided. (as much as we can.)

And show some charts my friend. Thoses are always cool to look at.

Jim
Indicators show the past. Price Action "Indicates" the future.
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