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The DIBS Method... No Free Lunch continues

  • #6,981
  • Mar 12, 2009 7:44am Mar 12, 2009 7:44am
Quote
Sir.. u certainly are a very big fish ( or should i say a whale ) .. i am a small trader compared to u


Not really, you don't need that much to trade FX retail, for futures you needed min 30,000 to trade at 1% back then risking 250 to 500 per trade, plus
commision.

Anyway I do know what is like to manage a little money, The main reason I posted is to keep readers aware of the risks. Acounts are up 5% today. time to sleep.


best reagards

Dale
  • #6,982
  • Mar 12, 2009 8:22am Mar 12, 2009 8:22am
Hi Folks:
Did anybody catch the Swiss explosion this morning?

Jim
  • #6,983
  • Mar 12, 2009 8:42am Mar 12, 2009 8:42am
Quoting bigjim1958
Hi Folks:
Did anybody catch the Swiss explosion this morning?

Jim
i wish lol 400pips in the blink on an eye.... I would of taken a long weekend if i'd got that 1
  • #6,984
  • Mar 12, 2009 8:47am Mar 12, 2009 8:47am
I would have taken it, had I noticed the IB on my platform. It is JUST an IB by 1 pip and the risk was small.

Never mind, another lesson learned.
  • #6,985
  • Mar 12, 2009 9:27am Mar 12, 2009 9:27am
hello croesesFX sir
"why were you then stopped out on the short?"

answer:- price went pass 1.2800

PS:- anyone watching USD CHF ... its OMG today
Knock at the sky and feel the thunder
  • #6,986
  • Mar 12, 2009 9:57am Mar 12, 2009 9:57am
Friends a little help needed.... u all are much much more experienced than i am.... just like DIBS is an indicator free system could anyone mail me or give the links of such other "indicator free" systems in this site or any other sites as well ..

please do enlighten me

Simple
Knock at the sky and feel the thunder
  • #6,987
  • Mar 12, 2009 11:14am Mar 12, 2009 11:14am
Quoting simply123
Friends a little help needed.... u all are much much more experienced than i am.... just like DIBS is an indicator free system could anyone mail me or give the links of such other "indicator free" systems in this site or any other sites as well ..

please do enlighten me

Simple
One step at a time , become a master of one trade not a jack of all trades.

Once you've got this going ok for a few weeks/ months them mabe look at other methods, BUT don't try annd learn loads at once or you'll confuse yourself.
  • #6,988
  • Mar 12, 2009 11:51am Mar 12, 2009 11:51am
SETUPS...

http://i44.tinypic.com/2w656is.gif
TRO
  • #6,989
  • Mar 12, 2009 11:53am Mar 12, 2009 11:53am
Quoting simply123
here is the chart..the checksign was my entry point

Hey Simply... if you don't mind messing with your charts... here comes my view of the trade...

First entry point, a classic DIBS trade... huge breakout, early in session...

Second entry, according to DIBS, a short too... personally I wouldn't take it... After a huge movement, with a PA of classic reversal... low chances to get a second breakout....

Hope that helps...

Cheers!

HT
Attached Image (click to enlarge)
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Many share my views with me. But I don't share them with them...
  • #6,990
  • Edited 12:00pm Mar 12, 2009 11:56am | Edited 12:00pm
Quoting simply123
Friends a little help needed.... u all are much much more experienced than i am.... just like DIBS is an indicator free system could anyone mail me or give the links of such other "indicator free" systems in this site or any other sites as well ..

please do enlighten me

Simple
Slow down.... trying to learn many systems is equal learning not a single one... but if you're interested in some naked insights on trading, see Clockwork's thread (Silent Service)... it's not a system, it's a really good grip on reading the markets.... the "undressing" comes naturally........ BillyRay's (No Brainer Trades) is also a must read...

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,991
  • Mar 12, 2009 12:58pm Mar 12, 2009 12:58pm
thanks friends

thanks HT sir for ur words too

EDIT :- as u all advised i would not look at those threads but will keep it marked ..any more threads are very much welcome anytime ...
Knock at the sky and feel the thunder
  • #6,992
  • Mar 13, 2009 2:30am Mar 13, 2009 2:30am
Stopped out on EUR/USD. Anyone take that one?

:-(
  • #6,993
  • Mar 13, 2009 2:43am Mar 13, 2009 2:43am
Quoting takingthepip
Stopped out on EUR/USD. Anyone take that one?

:-(
morning
no trade for me, market was right on 50MA on 15 min
  • #6,994
  • Edited 3:54am Mar 13, 2009 2:44am | Edited 3:54am
I would need very good reasons to trade into a friday.

There is a lesson at babypips.com that explains when best times to daytrade are.


Best regards

Dale
  • #6,995
  • Mar 13, 2009 3:00am Mar 13, 2009 3:00am
Quoting highneb
The concept of 'inside bars' is far too primitive to work. Computers would have traded out any advantage offered by this simple strategy years ago.

If there are people out there who are making real $$ from dibs (not just a few pips here and there, I mean good consistant money), it would be great to hear your story. But looking at the back-test results, thats pretty much impossible. Sorry guys, Peter Crown has not given you the keys to the mint, and it doesn't matter how much you 'tweak' it and change the rules, dibs is a break-even system.
Hello, what kind of exit position did you backtested?
money... it's a gas baby, can't you take it! venezia
  • #6,996
  • Mar 13, 2009 3:07am Mar 13, 2009 3:07am
Quoting Dale
I would need a very good reasons to trade into a friday.

There is a lesson at babypips.com that explains when best times to daytrade are.


Best regards

Dale
Thanks. I've just had a quick read. That's very interesting.
  • #6,997
  • Edited 7:31am Mar 13, 2009 7:18am | Edited 7:31am
Quoting takingthepip
Stopped out on EUR/USD. Anyone take that one?

:-(
sit just returned from my work...... which trade were u talking abt ... cud u post a chart please


Simple

EDIT..... i was just looking at the chart, there is a IB developing at the 12 GMT..is that tradeable ??
Probably its not as the IB was not broken much enuf to trigger an entry
Knock at the sky and feel the thunder
  • #6,998
  • Mar 13, 2009 2:22pm Mar 13, 2009 2:22pm
Quoting Dale
I would need very good reasons to trade into a friday.

There is a lesson at babypips.com that explains when best times to daytrade are.


Best regards

Dale
Agree 110%.... Not a cold rule, but it's very unusual to find good reasons to entry on fridays... Personally, I'm just managing my trades from last days...

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #6,999
  • Mar 13, 2009 5:12pm Mar 13, 2009 5:12pm
The best time to trade is when the market is open. Really slow when it's closed...

Seriously, trade the pairs for the session that is open. Trade AUD, NZD and JPY during the Asian market if you want more action. Trade GBP, EUR, CHF during the London Session. Trade USD during the New York session.
TRO
  • #7,000
  • Mar 13, 2009 9:54pm Mar 13, 2009 9:54pm
@ Money4Nothing...

rightly said

friendo do post a DIB whenever u see it we all will take a DIP at the DIB
Knock at the sky and feel the thunder
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