The DIBS Method... No Free Lunch continues | Page 311 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method - No Free Lunch Returns 13 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

  • #6,201
  • Dec 7, 2008 10:14pm Dec 7, 2008 10:14pm
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 7, 2008 10:18pm Dec 7, 2008 10:18pm
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 7, 2008 10:38pm Dec 7, 2008 10:38pm
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 12:32am Dec 8, 2008 12:32am
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 12:39am Dec 8, 2008 12:39am
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 12:46am Dec 8, 2008 12:46am
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 12:55am Dec 8, 2008 12:55am
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 1:03am Dec 8, 2008 1:03am
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 1:10am Dec 8, 2008 1:10am
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 1:12am Dec 8, 2008 1:12am
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 1:18am Dec 8, 2008 1:18am
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 2:52pm Dec 8, 2008 2:52pm
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 5:03pm Dec 8, 2008 5:03pm
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 7:10pm Dec 8, 2008 7:10pm
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 9:55pm Dec 8, 2008 9:55pm
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 12:07am Dec 9, 2008 12:07am
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 12:12am Dec 9, 2008 12:12am
Dear Thread,

In this month's and last month's Currency Trader Magazine, there are two articles that have statistically tested IB trades.

The December 2008 issue of Currency Trader magazine is ready to download





1. Click here to download the December issue.

2. Click here to download last month's issue.

If you do not already have the latest version of Adobe Acrobat Reader installed on your computer, download it at www.adobe.com/products/acrobat/readstep2.html

Article download specials
Risk is on everybody's mind these days, and the January issue of Active Trader (now on newsstands) features an interview with risk expert Ken Grant -- founder of Risk Resources and the former risk manager for SAC Capital and Tudor Investments. Grant, whose firm handles risk management for hedge funds and also numbers the Chicago Mercantile Exchange among its clients, had begun advising clients to reduce risk more than a year before the September-October massacre. As the crisis deepened this year he also sounded early warnings that the hedge-fund redemption process was still far from over -- a story that has come to the forefront of financial reporting in recent weeks. In the January issue, Grant offers his perspective on the nature of this historic financial panic and the challenges the markets face in the months to come.

Active Trader first interviewed Ken Grant in 2004. Through Dec. 31, 2008, you can download that interview as a PDF file for more than half off, or download "The Active Trader Interviews: Vol. 3" article collection, which includes this interview and 10 others, for more than 60% off. Click here for details.

http://www.activetradermag.com/assets/mail/grantint.gif</B>
Attend The Traders Expo New York, Feb. 21-24, at the Marriott Marquis Hotel, and learn proven strategies and techniques from leading trading experts. Meet the experts, test the latest products and services, and network with other traders to find out what's working for them (and what isn't). Get complete expo details, learn how to attend, and register free online. Or, call (800) 970-4355 and mention priority code 012996.

http://www.currencytradermag.com/ima..._sansglobe.gif</B>



SUBSCRIPTION MANAGEMENT: http://www.currencytradermag.com/images/bluedot.gif</B>Update e-mail addresshttp://www.currencytradermag.com/images/bluedot.gifUnsubscribehttp://www.currencytradermag.com/images/bluedot.gifF.A.Q. page




Enjoy,

Lenoxer


  • #6,218
  • Dec 9, 2008 7:53am Dec 9, 2008 7:53am
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 9:31am Dec 9, 2008 9:31am
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 12:26pm Dec 9, 2008 12:26pm
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.
8 traders viewing now