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The DIBS Method... No Free Lunch continues

  • #6,561
  • Feb 17, 2009 1:57am Feb 17, 2009 1:57am
I also closed my trade in this area

Regards
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  • #6,562
  • Feb 17, 2009 2:09am Feb 17, 2009 2:09am
Quoting Ray_1
It seems that a second IB has formed on the EURJPY. I moved my pending order to the second IB. If I am not wrong this is what Peter Crowns stated in his method. Pls correct me if I am wrong. New PO: Short EJ at 116.84, stop loss at 117.22.

nice trade ray!
  • #6,563
  • Feb 17, 2009 2:25am Feb 17, 2009 2:25am
Some nice trades during the London session so far.

http://i44.tinypic.com/347b4lf.gif
TRO
  • #6,564
  • Feb 17, 2009 4:09am Feb 17, 2009 4:09am
Quoting Trumpcard
Nice trade Dale. Did you exit half and move the top to BE or close out the whole trade at 1:1?
Hey Trump, how are you doing???

Nice to see the old gang is still around...

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,565
  • Feb 17, 2009 6:01am Feb 17, 2009 6:01am
Hi to all,

interesting situation we have now in GU..
Hmm.. let's wait for New York open..
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  • #6,566
  • Feb 17, 2009 6:07am Feb 17, 2009 6:07am
Hey HT, I'm still battling away, good to see you too!
  • #6,567
  • Feb 17, 2009 6:08am Feb 17, 2009 6:08am
OK let's go..
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  • #6,568
  • Feb 17, 2009 6:36am Feb 17, 2009 6:36am
too slow for a breakout.. out for a little profit (+2)
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  • #6,569
  • Feb 17, 2009 7:39am Feb 17, 2009 7:39am
Hi

I am now at pg 44 of this thread. I am also looking at james16 thread too. I am curious that can we combine some of the theories from james16 and help to filter out some of the IBs so we only take those good and high probability IB. Just a harmless thought of me.
  • #6,570
  • Feb 17, 2009 7:41am Feb 17, 2009 7:41am
first DIBS trade in a while, here goes. Actually counter to daily open. Blue line is just an extra thing I'm toying with.
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  • #6,571
  • Feb 17, 2009 7:54am Feb 17, 2009 7:54am
Quoting Ray_1
Hi

I am now at pg 44 of this thread. I am also looking at james16 thread too. I am curious that can we combine some of the theories from james16 and help to filter out some of the IBs so we only take those good and high probability IB. Just a harmless thought of me.
, Ray

Going to the right way, mate!

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,572
  • Feb 17, 2009 7:57am Feb 17, 2009 7:57am
Quoting Trumpcard
first DIBS trade in a while, here goes. Actually counter to daily open. Blue line is just an extra thing I'm toying with.
Oh you bastard, don't you dare do it....

Sorry, had to mock on you, my friend...

Shhhhh.... sometimes I do it too.... don't tell anyone

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,573
  • Feb 17, 2009 12:35pm Feb 17, 2009 12:35pm
Quoting Trumpcard
first DIBS trade in a while, here goes. Actually counter to daily open. Blue line is just an extra thing I'm toying with.
[OFF THE RECORD ]
"Counter daily open" - I guess you meant going short on that IB.

That was in line with the prior pinbar (I guess you are familiar with J16 thread), which "bounced" off 92.00 level. I.e. good logic.

Yet the trade didn't work. I guess that was because a few hours back the price bounced of MA21 (the trend was up at that moment on H4 too). Also, that IB formed almost a "double bottom" (with higher close) with prior bar.

But some things are, of course, clearer in hindsight...
One Chart is Worth Ten Thousand Words.
  • #6,574
  • Feb 17, 2009 3:05pm Feb 17, 2009 3:05pm
Good to hear from you Forex007
  • #6,575
  • Feb 17, 2009 3:40pm Feb 17, 2009 3:40pm
update: stopped out full trade for 1:1. A bit greedy as my initial target was to exit for 2:1 but altered this as price was moving fast then stalled. Using 5amGMT as daily open and IBFX feed, this trade was counter to the daily open which would have prompted a short. My trade was long.
  • #6,576
  • Feb 17, 2009 10:26pm Feb 17, 2009 10:26pm
Anybody in the GBPUSD and EURUSD dibs?
Survive and Preserve
  • #6,577
  • Feb 17, 2009 11:10pm Feb 17, 2009 11:10pm
Halved positions in GBPUSD and EURUSD, free trades.
Survive and Preserve
  • #6,578
  • Feb 17, 2009 11:19pm Feb 17, 2009 11:19pm
Quoting en0x
Anybody in the GBPUSD and EURUSD dibs?
Got stopped out of both. Took a 26 pip loss on GBPUSD and a 22 pip loss on the EURUSD. When I set my stop loss too tight I seen to get stopped out all the time. When I give it room to breath I lose again. Someone up there really hates me. Can anyone tell me what I did wrong?
  • #6,579
  • Feb 17, 2009 11:33pm Feb 17, 2009 11:33pm
How did you get stopped out? The most drawdown I got on both positions was -9 pips. Have you read the posts right and understand the rules?
Survive and Preserve
  • #6,580
  • Feb 17, 2009 11:58pm Feb 17, 2009 11:58pm
Quote
Someone up there really hates me.

I do not believe He hates you.


Can you post a chart?

How long have you been trading maybe demo trading is the right step?

What percentage are you risking?

What other reasons did you have to enter the Market besides only a dibs entry ? (This is what discretion means)


Best regards

Dale
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