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The DIBS Method... No Free Lunch continues

  • #6,041
  • Nov 24, 2008 12:19am Nov 24, 2008 12:19am
my30marahaba,

On your graph you mark the day open always 2/3 hours before 6GMT which is supposed to be the "official" DIBS open time. Is it on purpose? Is there any reason for it?

I try to test thsi method live and I would like to cross information with successful DIBS trader.

Cheers
  • #6,042
  • Nov 24, 2008 12:53am Nov 24, 2008 12:53am
usd/chf is climbing nice right now
  • #6,043
  • Nov 24, 2008 12:59am Nov 24, 2008 12:59am
Quoting kojak
usd/chf is climbing nice right now
i guess i shouldnt have written that......
going down again..
  • #6,044
  • Nov 24, 2008 2:00am Nov 24, 2008 2:00am
Quoting Lapin
my30marahaba,

On your graph you mark the day open always 2/3 hours before 6GMT which is supposed to be the "official" DIBS open time. Is it on purpose? Is there any reason for it?

I try to test thsi method live and I would like to cross information with successful DIBS trader.

Cheers
just to share with you all
i use same indicator with yours and download from this forum, but for me the important thing is the IB, which IB on the first of day..... 4gmt,5gmt or 6 gmt you can use as long the direction is right.

look at this gu i use 3 gmt IB to enter long ...
please correction me if i made wrong .......

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: gu today.JPG Size: 45 KB
  • #6,045
  • Nov 24, 2008 2:12am Nov 24, 2008 2:12am
Yes, but you open positions before 6gmt. Dibs trading starts after 6gmt. Even if you use the ib's before 6gmt. The point is to wait for london opening (big money)...

Btw, today seems pretty choppy. Lost already couple trades. Good thing not much risked.
  • #6,046
  • Nov 24, 2008 2:14am Nov 24, 2008 2:14am
Hi,

Thanks for your reply.
I do agree with the strategy but the entry point should be decided if it is a up or down day which is specified as long as you have marked the open day.
On your chart, your open is not at 6GMT. I have enclosed a graph the shows 6GMT and your open time. I don't say it is wrong (seems to work for you), but it is not exactly the DIBS rules and I wanted to know if it was on purpose.

Cheers
Attached Image
  • #6,047
  • Nov 24, 2008 2:17am Nov 24, 2008 2:17am
Quoting johto
Yes, but you open positions before 6gmt. Dibs trading starts after 6gmt. Even if you use the ib's before 6gmt. The point is to wait for london opening (big money)...
you right sir as per the rule we must wait to entry at 6 gmt but dont forget about this,...... as PCs

In the pit the first thing you learn--- when you are ready to actually make money..., and stop the bleeding, is:

  1. Only be willing to buy a market if it is up on the day.
  2. Only be willing to sell a market if it is down on the day.


brgds,
my30marahaba

  • #6,048
  • Nov 24, 2008 2:39am Nov 24, 2008 2:39am
Quoting my30marahaba
you right sir as per the rule we must wait to entry at 6 gmt but dont forget about this,...... as PCs

In the pit the first thing you learn--- when you are ready to actually make money..., and stop the bleeding, is:

  1. Only be willing to buy a market if it is up (6gmt) on the day.
  2. Only be willing to sell a market if it is down (6gmt) on the day.


brgds,
my30marahaba

Thats what i'm talking about. You have your "day open" wrong. DIBS day open is marked with 6gmt price. You make your decisions based on that horizontal line which tells you if you are up or down. Again, when peter is talking about "day open" he means london open - 2 hours = 6gmt

Currenly you are "too early", which may work for you, but still its not dibs rules, so it might confuse other people reading this thread
  • #6,049
  • Nov 24, 2008 3:07am Nov 24, 2008 3:07am
Hi all,

I have found the market really hard to trades with DIBS these days: a big intraday vol (big swings) and a consolidating market (no trend, just sideways).

Did you experienced the same issues? How did you cope with it?

Cheers
  • #6,050
  • Nov 24, 2008 3:19am Nov 24, 2008 3:19am
Yeah, very side ways. I'm trying to keep lowe risk % and hope this choppynes stops and there will be a nice trend direction and get some good "runners", and overcoming these many small losses...
  • #6,051
  • Nov 24, 2008 4:27am Nov 24, 2008 4:27am
Quoting Lapin
Hi,

Thanks for your reply.
I do agree with the strategy but the entry point should be decided if it is a up or down day which is specified as long as you have marked the open day.
On your chart, your open is not at 6GMT. I have enclosed a graph the shows 6GMT and your open time. I don't say it is wrong (seems to work for you), but it is not exactly the DIBS rules and I wanted to know if it was on purpose.

Cheers
Lapin is that bar you marked the open of 6GMT or close?

thx,
todd
  • #6,052
  • Nov 24, 2008 4:40am Nov 24, 2008 4:40am
open
  • #6,053
  • Nov 24, 2008 4:55am Nov 24, 2008 4:55am
Quoting Lapin
open
Thankyou!
  • #6,054
  • Nov 24, 2008 5:12am Nov 24, 2008 5:12am
hi all,

usdcad dibs method - tp 12550

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS usdcad.JPG Size: 130 KB
  • #6,055
  • Nov 24, 2008 5:22am Nov 24, 2008 5:22am
Quoting my30marahaba
yes avi, that the target

rgds,
my30marahaba

hi avi
eu reach the target 12790.....

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: eu tp 12790.JPG Size: 178 KB
  • #6,056
  • Nov 24, 2008 6:14am Nov 24, 2008 6:14am
Hi,

Were there any DIBS trade today in majors?
Mkt has moved a lot but I haven't seen any DIBS trades that stick exactly to the rules edicted by PC.
I am still learning so I would like to make sure I am not missing opportunities.

Cheers
  • #6,057
  • Nov 24, 2008 6:26am Nov 24, 2008 6:26am
Quoting Lapin
Hi,

Were there any DIBS trade today in majors?
Mkt has moved a lot but I haven't seen any DIBS trades that stick exactly to the rules edicted by PC.
I am still learning so I would like to make sure I am not missing opportunities.

Cheers
The only dib trade i did today was at usd/jpy..happy with my 45 pip there
  • #6,058
  • Nov 24, 2008 6:36am Nov 24, 2008 6:36am
Quoting Lapin
Hi,

Were there any DIBS trade today in majors?
Mkt has moved a lot but I haven't seen any DIBS trades that stick exactly to the rules edicted by PC.
I am still learning so I would like to make sure I am not missing opportunities.

Cheers
USDCHF. I entered two times, and third time it finally made its mind with the direction(short):
(I used the second last IB for short too after once failed long)
http://img.skitch.com/20081124-nmt5b...3h7ihs6tcm.png



Peter recommend not to take profit shortly but to let the winners run longer(daily) which makes sense to me. After all, its already a "free trade". I will let it run, would be nice if the usdchf finally turned downwards
  • #6,059
  • Nov 24, 2008 6:43am Nov 24, 2008 6:43am
Quoting turnip15
Lets stick to the DIBS method...so go start another thread re your "system"
look at post 6055...................
  • #6,060
  • Nov 24, 2008 6:45am Nov 24, 2008 6:45am
Quoting my30marahaba
hi all,

usdcad dibs method - tp 12550

rgds,
my30marahaba
hi all,

here one dibs set up usdcad reach my tp 12550

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS usdcad 1.JPG Size: 124 KB
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