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The DIBS Method... No Free Lunch continues

  • #6,001
  • Nov 20, 2008 6:28am Nov 20, 2008 6:28am
Quoting imad
thank for your help
i read alot from this thread but it s almost 400 pages long . so i m trying to understand from u guys who already practised this method . and i thank you again for your help . now i can say i understand this method . but i would like to say in all the trades we have enterd now we are against the trend . we are long and the majot trend is obviously short .
what do you think
regards
See USDCHF. And you never know when the major trend is going to change
  • #6,002
  • Nov 20, 2008 6:35am Nov 20, 2008 6:35am
Quoting Visual One
If I'm holding a position in one direction one day, and then I get a signal in the opposite direction the next day, do I take the opposite direction signal or only trade in the direction of my current position?

Let's assume I can trade in both directions at the same time using sub-accounts.

Thanks,

Visual One
This is one of few questions I have not yet figured...opinions are welcome!
  • #6,003
  • Nov 20, 2008 8:13am Nov 20, 2008 8:13am
USDJPY retraced back 100% and closed break even. I opened instantly the short side of the same IB, it penetrated 95.50 and now free trade again and this time with the long term trend
http://img.skitch.com/20081120-pspfr...3bsx4qucus.png
  • #6,004
  • Nov 20, 2008 8:48am Nov 20, 2008 8:48am
gu re'entry point with dibs method here free trade target ...

rgds,
my30marahaba
Attached Image
  • #6,005
  • Nov 20, 2008 12:45pm Nov 20, 2008 12:45pm
Quoting my30marahaba
gu re'entry point with dibs method here free trade target ...
This is not a DIBS trade as marked by the red line. The bar you pointed out is an IB and it is below the Daily open at 06:00GMT, but your entry point is below the low of the bar, not below the close of the bar (where the red line is located).
  • #6,006
  • Nov 20, 2008 1:34pm Nov 20, 2008 1:34pm
Quoting byorkFX
This is not a DIBS trade as marked by the red line. The bar you pointed out is an IB and it is below the Daily open at 06:00GMT, but your entry point is below the low of the bar, not below the close of the bar (where the red line is located).
That is exactly right, a valid dibs trade has you enter at the break of the IB low/high not the close.
  • #6,007
  • Nov 20, 2008 10:24pm Nov 20, 2008 10:24pm
here the DIBS method for today

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS today 21.11.2008.JPG Size: 180 KB
  • #6,008
  • Nov 21, 2008 1:05am Nov 21, 2008 1:05am
Hmm, seems you are taking those trades earlier than 6gmt("todays" price line yet not confirmed). This conflicts with the rules. But hey, what ever works for you
  • #6,009
  • Nov 21, 2008 1:53am Nov 21, 2008 1:53am
hi johto
how it was the trades u took yesterday , i break even with uj .
thanks
  • #6,010
  • Nov 21, 2008 2:23am Nov 21, 2008 2:23am
Quoting imad
hi johto
how it was the trades u took yesterday , i break even with uj .
thanks
I break even too on usdjpy. The yesterdays usdchf is still on with 130+ and i just opend another usdchf long same direction, lets see if it keeps going up. Also just opened usdjpy long, even thou the "main trend" is down, but i play with daily trend(6 gmt price), which is currenly up.

Oh, this is second dibs long for usdchf today, the first penetration pulled back and got hit with a loss about hour ago. I only risk1.5% of my account so no worrys. My plan is to try and get a long runners and trail them with daily 20 sma
  • #6,011
  • Nov 21, 2008 2:30am Nov 21, 2008 2:30am
i have dibs trades open on Uj, gu and ej.

from dibs opening in the last hour.lets see how it goes
Forex trading reveals the real you...
  • #6,012
  • Nov 21, 2008 2:33am Nov 21, 2008 2:33am
I have been checking this post out for a while, has anyone had reliable success with it? How long have you guys been trading this method?
  • #6,013
  • Nov 21, 2008 2:35am Nov 21, 2008 2:35am
Quoting Ehi
i have dibs trades open on Uj, gu and ej.

from dibs opening in the last hour.lets see how it goes
I dont see DIBS on EJ. And the recent possible dibs on GU hasnt yet triggered(long), and just now it went down...are you GU long?
  • #6,014
  • Nov 21, 2008 2:36am Nov 21, 2008 2:36am
Quoting TWTrader
I have been checking this post out for a while, has anyone had reliable success with it? How long have you guys been trading this method?
Well, If you read the Peter's posts, you will find out he's been using it 15 years ..so
This method WILL work if you use proper money / trade management. Many small losses, but the good long winners are bigger. "Only loosers are afraid of losers", "you cannot win if you dont lose some" If you'v read this thread and the peter's posts you should not be asking this. Back to reading!

This method is not good for "fade" as peter said. If you follow this method 100%, you will automatically cut your losses short and let your winners ride!
  • #6,015
  • Nov 21, 2008 3:27am Nov 21, 2008 3:27am
Both USDJPY and GBPJPY now as free trades
  • #6,016
  • Nov 21, 2008 3:52am Nov 21, 2008 3:52am
Quoting my30marahaba
here the DIBS method for today

rgds,
my30marahaba
here the updated,

all with green pip, and now Free trade target .............

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS today 21.11.2008-2.JPG Size: 180 KB
  • #6,017
  • Nov 21, 2008 4:00am Nov 21, 2008 4:00am
Quoting my30marahaba
here the updated,

all with green pip, and now Free trade target .............
Nice ! I have a dilemma, while GBPJPY is rising, my open position on USDCHF is falling...they correlate currently opposite so not so much profits. Still, i will not close and take any profits, i'm willing to be break even or longer daily trailing.

You have must have lots of pips because you entered on GBPJPY early
  • #6,018
  • Nov 21, 2008 4:16am Nov 21, 2008 4:16am
Quoting johto
Nice ! I have a dilemma, while GBPJPY is rising, my open position on USDCHF is falling...they correlate currently opposite so not so much profits. Still, i will not close and take any profits, i'm willing to be break even or longer daily trailing.

You have must have lots of pips because you entered on GBPJPY early
yes sir, all of green pips come from this DIBS Method
thanks a lot for Mr. PC and Mr. Jarroo

brgds,
my30marahaba
  • #6,019
  • Nov 21, 2008 9:25am Nov 21, 2008 9:25am
Quoting my30marahaba
yes sir, all of green pips come from this DIBS Method
thanks a lot for Mr. PC and Mr. Jarroo

brgds,
my30marahaba
you can add hourly fibo from bobokus for target
  • #6,020
  • Nov 21, 2008 9:41am Nov 21, 2008 9:41am
Quoting avi
you can add hourly fibo from bobokus for target
dear avi,

yes sometime i use bobokus fibo to measuring the PA but to messy if i attached to my chart, actually i always see the candle partern more effectiveness and use the ma as my filter of reversal pa... let see gu be going short the formation candle pb at 4hr and 1hr chart..that all

rgds,
my30marahaba
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