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The DIBS Method... No Free Lunch continues

  • #6,201
  • Dec 8, 2008 12:14am Dec 8, 2008 12:14am
Quoting LasVahGoose
Still 10 minutes left, but possible IB's on G/U and U/J.
I only saw an IB on USD/JPY but not on GBP/USD. The IB indicator confirmed this.
  • #6,202
  • Dec 8, 2008 12:18am Dec 8, 2008 12:18am
Quoting my30marahaba
hi all,

here my open trade on friday .....

brgds,
my30marahaba

hi all here the continue FTT from my entry on friday and today my add entry

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: friday trade2.JPG Size: 230 KB
  • #6,203
  • Dec 8, 2008 12:38am Dec 8, 2008 12:38am
Quoting Fumiryu
I only saw an IB on USD/JPY but not on GBP/USD. The IB indicator confirmed this.
Oanda showed an IB, but not on Spot Trader (MT4). Few pips off, but seem to have taken off.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #6,204
  • Dec 8, 2008 2:32am Dec 8, 2008 2:32am
Quoting LasVahGoose
Oanda showed an IB, but not on Spot Trader (MT4). Few pips off, but seem to have taken off.
good set up uj DIBS Mtd

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: uj1.JPG Size: 180 KB
  • #6,205
  • Dec 8, 2008 2:39am Dec 8, 2008 2:39am
Quoting my30marahaba
good set up uj DIBS Mtd

rgds,
my30marahaba
USD/JPY hit my stop loss at 92.71 and then soaring up.....

My direction was correct but I loss....
  • #6,206
  • Dec 8, 2008 2:46am Dec 8, 2008 2:46am
Quoting Fumiryu
USD/JPY hit my stop loss at 92.71 and then soaring up.....

My direction was correct but I loss....
Dear Fumiryu,

how much you put your SL if you think you are in the right direction
for me my sl always 80-100 pip and to be observe for 1-2 hr

brgds,
my30marahaba
  • #6,207
  • Dec 8, 2008 2:55am Dec 8, 2008 2:55am
Quoting my30marahaba
Dear Fumiryu,

how much you put your SL if you think you are in the right direction
for me my sl always 80-100 pip and to be observe for 1-2 hr

brgds,
my30marahaba
I followed the DIBS rules, hence buy stop loss is at 92.71, the low of the previous candle.
  • #6,208
  • Dec 8, 2008 3:03am Dec 8, 2008 3:03am
Quoting Fumiryu
I followed the DIBS rules, hence buy stop loss is at 92.71, the low of the previous candle.

your safe SL should be at the high and low candle bar no 2 from opening day

brgds,
my30marahaba
  • #6,209
  • Dec 8, 2008 3:10am Dec 8, 2008 3:10am
Quoting my30marahaba
your safe SL should be at the high and low candle bar no 2 from opening day

brgds,
my30marahaba
here the chart.... SL


rgds,
my30marahaba
Attached Image
  • #6,210
  • Dec 8, 2008 3:12am Dec 8, 2008 3:12am
Quoting my30marahaba
your safe SL should be at the high and low candle bar no 2 from opening day

brgds,
my30marahaba
As per post 1, the picture shows the SL is the low of the previous candle.
  • #6,211
  • Dec 8, 2008 3:18am Dec 8, 2008 3:18am
Quoting Fumiryu
As per post 1, the picture shows the SL is the low of the previous candle.
That's correct Fumiryu. You want to put your stop loss a few pips below the Low of the IB.

If your confused with my30mar's way of trading the DIBS method I'm with you. lol I believe he uses the DIBS Opening time and the IB as turning point with this other methods. I think.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #6,212
  • Dec 8, 2008 4:52pm Dec 8, 2008 4:52pm
Quoting jarroo
If your confused with my30mar's way of trading the DIBS method I'm with you. lol.
Me too, me too!
One Chart is Worth Ten Thousand Words.
  • #6,213
  • Dec 8, 2008 7:03pm Dec 8, 2008 7:03pm
Quoting Forex007
Me too, me too!

whaterever works to consistently make PIPS for my30 go for it.. Beyond the entry he has developed his own trade management strategy with multiple indies which allow guidance and assist his decision making process. Keep with whatever works for you my30... best to you. Jaroo are you still using 1 hour entrys on this method haven't seen you post much around here lately. Do you spend alot of time on your computer watching price action around the Dibs triggers or do you set your orders and go on to other stuff. The biggest problem i have is having to be at the tube for hours because it will cross up and down before it decides it will finally break out which takes alot of patience and waiting. Thoughts...comments..thanks
  • #6,214
  • Dec 8, 2008 9:10pm Dec 8, 2008 9:10pm
Quoting Pipsnagger
whaterever works to consistently make PIPS for my30 go for it.. Beyond the entry he has developed his own trade management strategy with multiple indies which allow guidance and assist his decision making process. Keep with whatever works for you my30... best to you. Jaroo are you still using 1 hour entrys on this method haven't seen you post much around here lately. Do you spend alot of time on your computer watching price action around the Dibs triggers or do you set your orders and go on to other stuff. The biggest problem i have is having to...
I've been using the DIBS method put not posting the trades here. I'm looking at different approaches to add to the set-up that should weed out some bad DIBS trades. The usual cast of confluences are in play: Higher Time Frame S/R levels, Price Action, overall trend on the 4 hour and daily, etc.

The key I believe is the Open of the Day time and getting to the "freetrade" as soon as possible and letting the trade play out. I'll start posting more of these trades on the thread.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #6,215
  • Dec 8, 2008 11:55pm Dec 8, 2008 11:55pm
hi all,

look at at the GU formation A and B is repeated formation fantastic....

GU i'm looking for long entry......

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: gu08122008.JPG Size: 165 KB
  • #6,216
  • Dec 9, 2008 2:07am Dec 9, 2008 2:07am
Quoting my30marahaba
hi all,

look at at the GU formation A and B is repeated formation fantastic....

GU i'm looking for long entry......

brgds,
my30marahaba
why???but first its go down
  • #6,217
  • Dec 9, 2008 2:12am Dec 9, 2008 2:12am
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  • #6,218
  • Dec 9, 2008 9:53am Dec 9, 2008 9:53am
Quoting my30marahaba
hi all,

look at at the GU formation A and B is repeated formation fantastic....

GU i'm looking for long entry......

brgds,
my30marahaba
dear all,

patience is the name of this game, just only one hour the price move like the rocket, i belive i can't fly....

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: guasdc.JPG Size: 226 KB
  • #6,219
  • Dec 9, 2008 11:31am Dec 9, 2008 11:31am
Quoting avi
why???but first its go down
the price on your chart 1.4830!!! so ???its loto???before 4 bars dibs have abuy
  • #6,220
  • Dec 9, 2008 2:26pm Dec 9, 2008 2:26pm
Quoting Pipsnagger
whaterever works to consistently make PIPS for my30 go for it.. Beyond the entry he has developed his own trade management strategy with multiple indies which allow guidance and assist his decision making process. Keep with whatever works for you my30... best to you. Jaroo are you still using 1 hour entrys on this method haven't seen you post much around here lately. Do you spend alot of time on your computer watching price action around the Dibs triggers or do you set your orders and go on to other stuff. The biggest problem i have is having to...
As for my30, perhaps it's best he starts his own thread as his posts are confusing for anyone who is after "plain" DIBS.

Not all IBs are equal, as PC said, and I guess many people are looking for ways to filter the bad ones out. Each has his/her own approach.
One Chart is Worth Ten Thousand Words.
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