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The DIBS Method... No Free Lunch continues

  • #5,901
  • Nov 12, 2008 8:46am Nov 12, 2008 8:46am
Quoting Lenoxer
Dear Thread,

Can you take a BKO of an IB that occurred a number of bars ago? That is to say, there was an IB, there was a BKO of that IB, but now price has retraced back into the range of the IB. Does this retracement make the subsequent BKO worse or is there no difference from the BKO of the original IB?

Thanks,

Lenoxer
What dose BKO means??
Never sell @ lower upward channel unless breacked and vise versa .
  • #5,902
  • Nov 12, 2008 10:23am Nov 12, 2008 10:23am
no trades taken today for me, spent most the day in the city yesterday so I ended up sleeping all night.

however, doesnt look like I missed anything so not kicking myself.

gbpjpy has a really good move going now, first trade would have been a free trade that broke even, followed by a big move that I would have cashed out early or trailed.

I'm starting to consider just watching the gbp/jpy pair and maybe gbp/usd to keep things simple, being the majority of my pips come from just those two.
  • #5,903
  • Nov 12, 2008 10:25am Nov 12, 2008 10:25am
Quoting karmostaji
yep, last time it broke to the downside and it dropped like a bomb

Expecting it to do the same thing again
Trade what you see, not what you think.
  • #5,904
  • Nov 12, 2008 1:06pm Nov 12, 2008 1:06pm
BKO means breakout.

Thanks W., for considering the question.

L.
  • #5,905
  • Edited 1:19pm Nov 12, 2008 1:19pm | Edited 1:19pm
Hi Lenoxer:

If you are saying that an IB broke out a few bars before, I guess that you're saying that you missed the original breakout.

With that being the case, and the IB flirting with the original entry point, I would consider this to be a low quality trade.

Ideally you would want the IB to really "breakout." If after a few bars the price is still at or near the entry, then you have a sideways market or a false breakout that could go against you.

Just my thoughts on your question.

RR -


Quoting Lenoxer
BKO means breakout.

Thanks W., for considering the question.

L.
  • #5,906
  • Nov 12, 2008 6:38pm Nov 12, 2008 6:38pm
Quoting my30marahaba
Here the updated GU result .....

Rgds,
my30marahaba
Good movement for the gu here the result Free Trade ...... for the gu

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU PA 12.11.2008 - 5.JPG Size: 198 KB
  • #5,907
  • Nov 12, 2008 6:50pm Nov 12, 2008 6:50pm
Quoting Lenoxer
Dear Thread,

Can you take a BKO of an IB that occurred a number of bars ago? That is to say, there was an IB, there was a BKO of that IB, but now price has retraced back into the range of the IB. Does this retracement make the subsequent BKO worse or is there no difference from the BKO of the original IB?

Thanks,

Lenoxer
Hey L, I asked the same question a few days ago and I think the majority of the answers were yes. I think the average response was up to 6 bars. I have personally taken trades like this with good results. That being said, if the PA moves away at a very fast pace and you missed the entry I would look for it come back and when it re-tests the level for the first time, it is usually a pretty solid trade.

Just my 2$.

Mike G
  • #5,908
  • Nov 12, 2008 7:52pm Nov 12, 2008 7:52pm
Quoting Matrixxdg
Hey L, I asked the same question a few days ago and I think the majority of the answers were yes. I think the average response was up to 6 bars. I have personally taken trades like this with good results. That being said, if the PA moves away at a very fast pace and you missed the entry I would look for it come back and when it re-tests the level for the first time, it is usually a pretty solid trade.

Just my 2$.

Mike G
Dear Sirs just sharing with you also have a look S&R to indicate of the valid IB Break out

here the chart

rgds,
my30marhaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 147 KB
  • #5,909
  • Nov 12, 2008 11:48pm Nov 12, 2008 11:48pm
hi all,

here my today set up for the DIBS method

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS 13.11.2008 A.JPG Size: 222 KB
  • #5,910
  • Nov 13, 2008 4:19am Nov 13, 2008 4:19am
good morning very good system.it's ok for all the market
  • #5,911
  • Nov 13, 2008 4:23am Nov 13, 2008 4:23am
good gain
Attached Image
  • #5,912
  • Nov 13, 2008 4:40am Nov 13, 2008 4:40am
Quoting my30marahaba
Dear Sirs just sharing with you also have a look S&R to indicate of the valid IB Break out

here the chart

rgds,
my30marhaba
what indicator you use for tp 1-2-3 thankx
  • #5,913
  • Nov 13, 2008 7:00am Nov 13, 2008 7:00am
Quoting avi
what indicator you use for tp 1-2-3 thankx
hi avi,

i just use the fractal and stoch 8,3,3 that i get from mt4 indicator for my chart and DIBS trigger line you can get from this forum,

rgds,
my30marahaba
  • #5,914
  • Nov 13, 2008 7:20am Nov 13, 2008 7:20am
hi all,

eu form pin bar on 1hr chart at resistance level & 76/78 % fibo
here the chart should be better to entry short.......

rgds,
mymarahaba
Attached Image (click to enlarge)
Click to Enlarge Name: EU pb.JPG Size: 171 KB
  • #5,915
  • Nov 13, 2008 11:17am Nov 13, 2008 11:17am
Quoting my30marahaba
hi avi,

i just use the fractal and stoch 8,3,3 that i get from mt4 indicator for my chart and DIBS trigger line you can get from this forum,

rgds,
my30marahaba
on the chart you got tp1 tp2 tp3 what fibo indicator is it?
  • #5,916
  • Nov 13, 2008 6:44pm Nov 13, 2008 6:44pm
Anyone catch this move? I got whipsawed pretty bad yesterday night and this morning, now this...
Attached Image (click to enlarge)
Click to Enlarge Name: dibs-eu.JPG Size: 741 KB
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,917
  • Nov 13, 2008 7:00pm Nov 13, 2008 7:00pm
Quoting LasVahGoose
Anyone catch this move? I got whipsawed pretty bad yesterday night and this morning, now this...
If you were trading DIBS on this TF, you were stopped out before the run up.
  • #5,918
  • Nov 13, 2008 8:54pm Nov 13, 2008 8:54pm
Quoting KissFan
If you were trading DIBS on this TF, you were stopped out before the run up.

Yeah, I was stopped on this pair and stopped out many times on other pairs cuz I took a lot of trades in both directions. Dumb moves on my part and I paid for it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,919
  • Nov 13, 2008 9:51pm Nov 13, 2008 9:51pm
Quoting LasVahGoose
Yeah, I was stopped on this pair and stopped out many times on other pairs cuz I took a lot of trades in both directions. Dumb moves on my part and I paid for it.
I trade with the trend in the evening. If I trade the London, I us PC's rule on direction.
  • #5,920
  • Nov 14, 2008 12:09am Nov 14, 2008 12:09am
Quoting avi
on the chart you got tp1 tp2 tp3 what fibo indicator is it?
hi avi,

expansion fibo from your MT4

rgds,
my30marahaba
Attached Image
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