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The DIBS Method... No Free Lunch continues

  • #6,801
  • Mar 2, 2009 5:56am Mar 2, 2009 5:56am
Manual closed 1/2 a few pips from my take profit, my plan allows this when the original risk is relatively large.

Could have held out.
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  • #6,802
  • Mar 2, 2009 6:09am Mar 2, 2009 6:09am
Quoting Dale
Manual closed 1/2 a few pips from my take profit, my plan allows this when the original risk is relatively large.

Could have held out.

Nice trade dale, i've also closed out 1/2 @ 1:1 r/r and moved the other 1/2 to b/e happy days

regards
  • #6,803
  • Mar 2, 2009 6:12am Mar 2, 2009 6:12am
Quote
Nice trade dale, i've also closed out 1/2 @ 1:1 r/r and moved the other 1/2 to b/e happy days

Nice to be in a risk free postion.

Best regards, Signing off for the night

Dale
  • #6,804
  • Mar 2, 2009 6:14am Mar 2, 2009 6:14am
also a current long on swissy that i'm not in as i feel 7780 needs to break so i don't like the r/r.
  • #6,805
  • Mar 2, 2009 6:29am Mar 2, 2009 6:29am
Quoting Dale
Manual closed 1/2 a few pips from my take profit, my plan allows this when the original risk is relatively large.

Could have held out.
I also took this one and its still going down. In my opinion the entry and stop loss is the easy part, i always have problem with trailing the stop.

We have that situation on the cable now, what trailing method do you guys use?
  • #6,806
  • Mar 2, 2009 6:38am Mar 2, 2009 6:38am
Quoting ekling
I also took this one and its still going down. In my opinion the entry and stop loss is the easy part, i always have problem with trailing the stop.

We have that situation on the cable now, what trailing method do you guys use?
we're getting close to the low of 02/02 so i'm closing about now! i'd expect a small bounce...possible re-entry but will have to see.
  • #6,807
  • Mar 2, 2009 6:49am Mar 2, 2009 6:49am
Quoting icarusfx
we're getting close to the low of 02/02 so i'm closing about now! i'd expect a small bounce...possible re-entry but will have to see.
Wow, i didnt notice that, thanks for pointing it out or i would have completely missed it. I also closed it with a 135 pips profit for the day
  • #6,808
  • Mar 2, 2009 7:17am Mar 2, 2009 7:17am
SETUP...

http://i44.tinypic.com/ek01hy.gif
TRO
  • #6,809
  • Mar 2, 2009 7:19am Mar 2, 2009 7:19am
Quoting en0x
Firstly, I dont blame the market or the system. Just I got beat up and I am trying to learn a leason from it.

Took inside bars about 4 bars prior to open with open are filter direction. I think 4 bars is pushing it.

Also, I must remember Mondays dont seem to be as nice for breakout trading as Tue Wed Thur and Fridays...


Still learning the the lesson
The Asian market was already open... did you enter counter to that open?
TRO
  • #6,810
  • Mar 2, 2009 7:22am Mar 2, 2009 7:22am
Quoting ekling
Wow, i didnt notice that, thanks for pointing it out or i would have completely missed it. I also closed it with a 135 pips profit for the day

No problem glad it helped I got a better fill than expected due to the freeze/gap (which was nice as it's normally the other way around). I'm finished for the day with 157 pips in the bag

regards
  • #6,811
  • Mar 2, 2009 9:38pm Mar 2, 2009 9:38pm
Trade update
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  • #6,812
  • Mar 3, 2009 6:11am Mar 3, 2009 6:11am
UJ setup
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  • #6,813
  • Mar 3, 2009 7:41am Mar 3, 2009 7:41am
Quoting fx88
UJ setup
I guess that little aqua line is the dibs trade trigger line in your chart above.

http://i39.tinypic.com/10gwuus.gif
TRO
  • #6,814
  • Mar 4, 2009 4:01am Mar 4, 2009 4:01am
EU Setup Long
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  • #6,815
  • Mar 4, 2009 5:09am Mar 4, 2009 5:09am
Hello everyone.

First post.

I've been following DIBS for the last week, and have also been studying Tom Demark trendlines.

I like the EUR/USD long setup as a breakout coincides with a Demark trendline breakout setup.

http://www.ukonlinewholesalers.com/i...rex/eurusd.JPG
  • #6,816
  • Mar 4, 2009 5:35am Mar 4, 2009 5:35am
Quoting takingthepip
Hello everyone.

First post.

I've been following DIBS for the last week, and have also been studying Tom Demark trendlines.

I like the EUR/USD long setup as a breakout coincides with a Demark trendline breakout setup.

http://www.ukonlinewholesalers.com/i...rex/eurusd.JPG

That's great... So where is the TP the Demark trendline predict?
  • #6,817
  • Mar 4, 2009 5:53am Mar 4, 2009 5:53am
Quoting takingthepip
Hello everyone.

First post.

I've been following DIBS for the last week, and have also been studying Tom Demark trendlines.

I like the EUR/USD long setup as a breakout coincides with a Demark trendline breakout setup.
i don't see much potential for this trade as it's going directly into 1.2540 resistance...i'd rather play the opsite side of the 6 gmt bar...sorry no chart this time (low at 1.2484). what's more this 6 gmt bar is in line with two consecutive 4h inside bars on my ibfx feed. bars are below weekly open which is good. the trade would be in line with the overall trend
just my thoughts
anything can happen
  • #6,818
  • Edited 6:28am Mar 4, 2009 6:14am | Edited 6:28am
I'm not using Demark price projection. Just following DIBS trading 2 lots. First TP is size of the IB, 20 pips or so. Then move second lot's SL to breakeven and let it run. So it's not stricly DIBS.

A look at the 4 hour chart shows this breakout is probably just a small move up to resistance soon, so if price stalls around the 4 hour downtrend line, I may pull out, though I wouldn't be surprised to get stopped out before that.
  • #6,819
  • Mar 4, 2009 6:32am Mar 4, 2009 6:32am
First TP reached on the EUR/USD. Decided to TP on the 2nd lot a short while later, as it didn't look like a particularly stong move.
  • #6,820
  • Mar 4, 2009 6:59am Mar 4, 2009 6:59am
Quoting takingthepip
First TP reached on the EUR/USD. Decided to TP on the 2nd lot a short while later, as it didn't look like a particularly stong move.
Good trading
TRO
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