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The DIBS Method... No Free Lunch continues

  • #5,701
  • Oct 27, 2008 2:33am Oct 27, 2008 2:33am
Quoting MPP
I trade through FXCM, so i simply hit the BUY/SELL option, get into the trade and then set the Stops and Tp's etc, when the market is this fast. most of the time you have enough time to place a full order though.

FR on EU and GU.
Ozzie! Ozzie! Ozzie! . . . Oi! Oi! Oi!

Indicators show the past. Price Action "Indicates" the future.
  • #5,702
  • Oct 27, 2008 2:36am Oct 27, 2008 2:36am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
Ozzie! Ozzie! Ozzie! . . . Oi! Oi! Oi!

I am now, the sun is out and i've finished work just in time for the london open - loving it

  • #5,703
  • Oct 27, 2008 2:39am Oct 27, 2008 2:39am
Quoting MPP
I am now, the sun is out and i've finished work just in time for the london open - loving it

Green with envy.
Indicators show the past. Price Action "Indicates" the future.
  • #5,704
  • Oct 27, 2008 2:42am Oct 27, 2008 2:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
Green with envy.

How about when we all make it to Pro traders and we nail this dib's business, we meet on the Beach and i'll chill the beers.
  • #5,705
  • Oct 27, 2008 2:44am Oct 27, 2008 2:44am
Quoting MPP
How about when we all make it to Pro traders and we nail this dib's business, we meet on the Beach and i'll chill the beers.
I'll bring the shrimp.
Indicators show the past. Price Action "Indicates" the future.
  • #5,706
  • Oct 27, 2008 2:52am Oct 27, 2008 2:52am
Gotta love DIBS Mondays. Wow.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,707
  • Oct 27, 2008 3:26am Oct 27, 2008 3:26am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I'm still holding a short on EU from 1.3226, so this run on EU and GU has added nicely.
  • #5,708
  • Oct 27, 2008 3:30am Oct 27, 2008 3:30am
Quoting jarroo
Gotta love DIBS Mondays. Wow.
I'm in this trade, took 1/2 position at 1:1 and moved stop to BE for the 2nd 1/2 since it is a pretty big move. We'll see if it was a mistake or not. My first live trade. WooHoo!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,709
  • Oct 27, 2008 3:31am Oct 27, 2008 3:31am
Quoting MPP
I'm still holding a short on EU from 1.3226, so this run on EU and GU has added nicely.
A man who knows how to Dibs Trade. Very nice. Using the 20 sma on the Daily for trailing?
Indicators show the past. Price Action "Indicates" the future.
  • #5,710
  • Oct 27, 2008 3:33am Oct 27, 2008 3:33am
Quoting LasVahGoose
I'm in this trade, took 1/2 position at 1:1 and moved stop to BE for the 2nd 1/2 since it is a pretty big move. We'll see if it was a mistake or not. My first live trade. WooHoo!
You took half for a free trade and moved to b/e. This is not and will not end up being a mistake. Nice job LVG.
Indicators show the past. Price Action "Indicates" the future.
  • #5,711
  • Oct 27, 2008 3:43am Oct 27, 2008 3:43am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
A man who knows how to Dibs Trade. Very nice. Using the 20 sma on the Daily for trailing?
No I don't trail my trades, i'm working on an exit method (will post if it works out in the long run), but basically i leave the stop in place, last trade gained 500+ pips from 1.40++. essentially i like to give it as much room as possible, then look for a reversal/retracement in the trend, but i'm trying to simplify it.

Not even looked at the daily 20, will have to at some point.
  • #5,712
  • Oct 27, 2008 3:49am Oct 27, 2008 3:49am
Quoting MPP
No I don't trail my trades, i'm working on an exit method (will post if it works out in the long run), but basically i leave the stop in place, last trade gained 500+ pips from 1.40++. essentially i like to give it as much room as possible, then look for a reversal/retracement in the trend, but i'm trying to simplify it.

Not even looked at the daily 20, will have to at some point.
Peter mentioned the 20 on the Daily, that's why I brought it up that's all.

I had some long pips as well but cut them loose, regretting that now. Oh well.

Nice work my fiend.
Indicators show the past. Price Action "Indicates" the future.
  • #5,713
  • Oct 27, 2008 3:57am Oct 27, 2008 3:57am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
I had some long pips as well but cut them loose, regretting that now. Oh well.
It's money in the bank,

this is always an issue, when to call it a day, someone once said to me markets will go further than you think, so i let it run free and wild to go were it wants to and then look for a positive indication of a turn around, say a 10% gain/loss in price - still working on it though.
  • #5,714
  • Oct 27, 2008 4:01am Oct 27, 2008 4:01am
I just wrote some MT4 scripts to help the execution of DIB Trades.

When you see a setup, if its short you double click DIBS_SellStop and it will place 2 orders, 1 sell stop with a TP to breakeven and SL at the high of the previous bar. The other just places the stoploss.

You double click this only after the last bar has closed so it trades according to the values of the smaller bar.

DIBS_BuyLimit does the opposite.

Put these 2 scripts in your MT4 Scripts folder.

Now to transfer my Forex account to an MT4 so I can take advantage of this too

Note: VERY IMPORTANT, do no do not DO NOT run script as an expert advisor, it wont be pretty! (100's of orders, madness!)
Attached File(s)
File Type: mq4 DIBS_BuyLimit.mq4   2 KB | 1,074 downloads
File Type: mq4 DIBS_SellStop.mq4   2 KB | 910 downloads
  • #5,715
  • Oct 27, 2008 4:11am Oct 27, 2008 4:11am
Quoting MPP
It's money in the bank,

this is always an issue, when to call it a day, someone once said to me markets will go further than you think, so i let it run free and wild to go were it wants to and then look for a positive indication of a turn around, say a 10% gain/loss in price - still working on it though.
Looks like its growing in the bank as we speak. Wow.
Indicators show the past. Price Action "Indicates" the future.
  • #5,716
  • Oct 27, 2008 4:32am Oct 27, 2008 4:32am
Great GU Dibs Jarroo ! Unfortunately I wasn't able to pick it
Btw I'm let still running an UJ sell opened on 22 Oct @ 98.89 now up 639 pips, will trail it with an SMA480 on H1 (it's equivalent to SMA20 daily)
  • #5,717
  • Oct 27, 2008 4:45am Oct 27, 2008 4:45am
Hi Jaroo,

can you post your template please, I knew its a clean template but I need to
check the settings.

regards TS.
  • #5,718
  • Oct 27, 2008 5:31am Oct 27, 2008 5:31am
Quoting skyline
Great GU Dibs Jarroo ! Unfortunately I wasn't able to pick it
Btw I'm let still running an UJ sell opened on 22 Oct @ 98.89 now up 639 pips, will trail it with an SMA480 on H1 (it's equivalent to SMA20 daily)
This is what its all about. Nice job sky.
Indicators show the past. Price Action "Indicates" the future.
  • #5,719
  • Oct 27, 2008 5:32am Oct 27, 2008 5:32am
Quoting tsidki
Hi Jaroo,

can you post your template please, I knew its a clean template but I need to
check the settings.

regards TS.
Here you go.
Attached File(s)
File Type: tpl Price.tpl   < 1 KB | 927 downloads
File Type: mq4 DIBS_TriggerLines1.1.mq4   8 KB | 1,050 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #5,720
  • Oct 27, 2008 5:45am Oct 27, 2008 5:45am
Gotta go gang. Yet another great DIBS Monday. Trade for a few hours on Monday and take the rest of the week off.

Oh wait . . .Damn real job.

lol

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