The DIBS Method... No Free Lunch continues | Page 280 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method - No Free Lunch Returns 13 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

  • #5,581
  • Oct 6, 2008 3:07am Oct 6, 2008 3:07am
Quoting Four Kids
jaroo your gu signal is 04:00 , all the others are 05:00
The IB is at 0500 GMT off the 0600 Open. I drew the line at 0400 to show the 0500 IB
Indicators show the past. Price Action "Indicates" the future.
  • #5,582
  • Oct 6, 2008 3:15am Oct 6, 2008 3:15am
Quoting Four Kids
jaroo your gu signal is 04:00 , all the others are 05:00
I thought I had a double ouch there for a moment. (It wouldn't be the first time). lol
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,583
  • Oct 6, 2008 3:22am Oct 6, 2008 3:22am
Quoting jarroo
I thought I had a double ouch there for a moment. (It wouldn't be the first time). lol

Jarroo, looks like you got your freetrade there. I only shorted the first losing one, damn.

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,584
  • Oct 6, 2008 3:23am Oct 6, 2008 3:23am
Quoting jarroo
Ouch. -35 pips. I will not take the long but will short the signal again.
Free trading now. I took a few more off then the trade risk.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,585
  • Oct 6, 2008 3:25am Oct 6, 2008 3:25am
Quoting finnfx
Jarroo, looks like you got your freetrade there. I only shorted the first losing one, damn.

- finnfx
Dibs trading with the trend is not a bad re-entry.
Indicators show the past. Price Action "Indicates" the future.
  • #5,586
  • Oct 6, 2008 9:13am Oct 6, 2008 9:13am
Quoting jarroo
I'm only taking DIBS trades with the trend this morning.
G/Y signal long was a no trade to me.
Only took sell signals today. I did take a loss on the 1st sell enty for only 50 pips. I did not want to take the full trade risk of 95 pips. I then moved to the 4 four chart and took the break of the 4 hour IB. Look at her go.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,587
  • Oct 6, 2008 11:06am Oct 6, 2008 11:06am
Jaroo... I hope you are having fun counting all your money! Good show on G/J!
(I hope everyone has their Dow 10,000 hat back out!)
  • #5,588
  • Oct 6, 2008 11:07am Oct 6, 2008 11:07am
Quoting Archiphage
Jaroo... I hope you are having fun counting all your money! Good show on G/J!
(I hope everyone has their Dow 10,000 hat back out!)
Indicators show the past. Price Action "Indicates" the future.
  • #5,589
  • Oct 6, 2008 1:09pm Oct 6, 2008 1:09pm
Nice trade Jarroo! I took short on UJ at 103.32 and set MTP to work the closing... It was nice to come back home and see that drop on UJ, but somehow MTP f**ked up closing and closed both lots so I was out Anyway, it's still profit and I manage to cover the loss I made with GU and my EU short is still open, 880 pips now

See you all later!
- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,590
  • Oct 7, 2008 1:06am Oct 7, 2008 1:06am
Anyone seen Dale?

Cad double IB on the 4 hour.

Last one on the Euro was worth 1300 pips.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #5,591
  • Oct 7, 2008 2:49am Oct 7, 2008 2:49am
Quote
Anyone seen Dale?

Cad double IB on the 4 hour.

Last one on the Euro was worth 1300 pips.


I am glad you are enjoying some pips


Best regards


Dale

I personaly call this trade, Double 4 hour isd
  • #5,592
  • Oct 7, 2008 2:51am Oct 7, 2008 2:51am
Quoting Dale
I am glad you are enjoying some pips


Best regards


Dale

I personaly call this trade Double 4 hour isd
I call it money in the bank.
Indicators show the past. Price Action "Indicates" the future.
  • #5,593
  • Oct 7, 2008 3:06am Oct 7, 2008 3:06am
Quote
I call it money in the bank.

I like that to
  • #5,594
  • Oct 7, 2008 5:11am Oct 7, 2008 5:11am
Quoting jarroo
Anyone seen Dale?

Cad double IB on the 4 hour.

Last one on the Euro was worth 1300 pips.
Got out with a small loss. And entered long.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,595
  • Oct 7, 2008 8:11am Oct 7, 2008 8:11am
Hi all!

I got stopped out on that last week's EU short, it gave me 700 pips in the end. I happy with that I got stopped on USDCAD long and now I'm short on USDCHF. I really like the system.

@ Jarroo, do you take a lot of trades on 4H?

Happy trading everyone!
- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,596
  • Oct 7, 2008 8:14am Oct 7, 2008 8:14am
Quoting finnfx
Hi all!

I got stopped out on that last week's EU short, it gave me 700 pips in the end. I happy with that I got stopped on USDCAD long and now I'm short on USDCHF. I really like the system.

@ Jarroo, do you take a lot of trades on 4H?

Happy trading everyone!
- finnfx
The 4 hour chart is as low as I go besides the DIBS method. Price Action (Inside Bars) work best on higher time frames.
Indicators show the past. Price Action "Indicates" the future.
  • #5,597
  • Oct 7, 2008 8:29am Oct 7, 2008 8:29am
Quoting jarroo
The 4 hour chart is as low as I go besides the DIBS method. Price Action (Inside Bars) work best on higher time frames.
Right but I meant that which one of them you use more with the DIBS, 1H or 4H?

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,598
  • Oct 7, 2008 8:46am Oct 7, 2008 8:46am
Quoting finnfx
Right but I meant that which one of them you use more with the DIBS, 1H or 4H?

- finnfx
Higher time frame opportunities happen less frequently. The need for confluences to support your trade takes more time to develop.

DIBS trades happen more often due to the time frame, but I have been weeding more out with only taking them with the trend, smaller range of the IB compared to previous bars, S/R levels, etc.

I don't apply the DIBS method to 4 hour IBs. Meaning I don't use the Open of the Week or whatever. They stand on there own in relation to that time frame.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #5,599
  • Oct 8, 2008 7:57am Oct 8, 2008 7:57am
Grabbed 100 pips on UJ today
Thanks DIBS
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 25 KB
  • #5,600
  • Oct 8, 2008 9:25am Oct 8, 2008 9:25am
Hi.. i am new to this and havent gone thru all these pages. i use interbank and a new candle forms at 8 pm EST (i.e. 00.00 GMT). How can one change a new candle to form at 6 GMT and do I actually need to do this or am I good. I know you do mention that if it is interbank it is good?
Thanks in advance
10 traders viewing now