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  • #7,001
  • Mar 16, 2009 6:12am Mar 16, 2009 6:12am
Do we only take dibs on the day of trading or say there was a set up on a previous day that hasnt activated ie a short order but price hasnt come back do we still leave those in. I had a short for friday that was picked up today (up 50 pips so its a free trade no worries) but just for the future, if a day passes with out the dib being picked up do we leave it as a no trade.

BTW my logic says no because if it becomes an up day we dont want to be taking a short from a previous day as it will more often than no knock us out.

cheers

PS first trade of Inside bars, had an 'ah ha' moment after reading peters blogs, what a champion
  • #7,002
  • Edited 6:41am Mar 16, 2009 6:31am | Edited 6:41am
i guess only the present day matters

EDIT :- a 100 pip move on the EURUSD.. did anyone take it .... i was the lucky one
Knock at the sky and feel the thunder
  • #7,003
  • Mar 16, 2009 6:37am Mar 16, 2009 6:37am
Quoting cruze2005
Do we only take dibs on the day of trading or say there was a set up on a previous day that hasnt activated ie a short order but price hasnt come back do we still leave those in. I had a short for friday that was picked up today (up 50 pips so its a free trade no worries) but just for the future, if a day passes with out the dib being picked up do we leave it as a no trade.

BTW my logic says no because if it becomes an up day we dont want to be taking a short from a previous day as it will more often than no knock us out.

cheers

PS first trade...
yeah your right.. i'd say you got lucky inside bars show indecision due to being "inside" the previous bars range! so a trade from days ago that has just triggered is just one of those "lucky" things and would be considered momentum (nothing wrong with that )

good inside bar trade example on eur/usd currently up 30pips with first tp taken.

kind regards

ps you can add expiry dates/times on orders!
  • #7,004
  • Mar 16, 2009 7:10am Mar 16, 2009 7:10am
There are sell triggers at USD CAD & USD CHF... i m not taking those
Knock at the sky and feel the thunder
  • #7,005
  • Mar 16, 2009 7:23am Mar 16, 2009 7:23am
Quoting simply123
There are sell triggers at USD CAD & USD CHF... i m not taking those

i would've take the usd/cad had i not already been in a trade
  • #7,006
  • Mar 16, 2009 7:27am Mar 16, 2009 7:27am
Quoting simply123
There are sell triggers at USD CAD & USD CHF... i m not taking those
simply...zoom out on usd/cad and tell me what price pattern you see?
  • #7,007
  • Mar 16, 2009 8:17am Mar 16, 2009 8:17am
hello gentleman,

Do you retake an inside bar? if you missed the first breakout and price comes back to high of IB?

http://img124.imageshack.us/img124/1277/breakout.jpg
  • #7,008
  • Mar 16, 2009 8:22am Mar 16, 2009 8:22am
Quoting simply123
i guess only the present day matters

EDIT :- a 100 pip move on the EURUSD.. did anyone take it .... i was the lucky one
No i was talking to a friend of mine and he was spewing he wasnt long on the Eur, his reason was he didnt have an entry. I took a look and rendered some bad news for him, he could of. I was out while it happened but was covered with the swissy move anyway. might exit the short and look long. Todays candle was up and there was an IB 2 hours ago that hasnt been covered yet. with thursday spike we may some the move still forward.
  • #7,009
  • Mar 16, 2009 8:25am Mar 16, 2009 8:25am
Eur pasted with IB today, multiple opportunitys to get in long
  • #7,010
  • Mar 16, 2009 8:27am Mar 16, 2009 8:27am
Quoting fxnoob08
hello gentleman,

Do you retake an inside bar? if you missed the first breakout and price comes back to high of IB?

http://img124.imageshack.us/img124/1277/breakout.jpg
Fxnoob08,
You could take it on a retest, but I would pass on this one since it's getting late in the session and the pair has already exceeded its average daily trading range. The probabilities are stacking against you.
Take care,
Dave
  • #7,011
  • Mar 16, 2009 8:29am Mar 16, 2009 8:29am
Quoting davema
Fxnoob08,
You could take it on a retest, but I would pass on this one since it's getting late in the session and the pair has already exceeded its average daily trading range. The probabilities are stacking against you.
Take care,
Dave
thanks,

day is just getting started for me im on the eastern time zone, only 9:30 in the morning over here
  • #7,012
  • Mar 16, 2009 8:43am Mar 16, 2009 8:43am
Quoting fxnoob08
hello gentleman,

Do you retake an inside bar? if you missed the first breakout and price comes back to high of IB?

http://img124.imageshack.us/img124/1277/breakout.jpg

I think yes u can take the restest of the IB ..but the MM rules could be diff.. for example if i did not take the first trade and the price moved to far and now came down as a "retest" then probably i wont take it
Knock at the sky and feel the thunder
  • #7,013
  • Mar 16, 2009 8:49am Mar 16, 2009 8:49am
Quoting simply123
I think yes u can take the restest of the IB ..but the MM rules could be diff.. for example if i did not take the first trade and the price moved to far and now came down as a "retest" then probably i wont take it
please check the higher tf before take the ib break out near resistance & 4hr ppz from the higher tf, if the break out close back to ib's area just wait until the break out close above the that ib's then you can find the valid break out of the ib's

brgds,
my30marahaba
  • #7,014
  • Mar 16, 2009 9:00am Mar 16, 2009 9:00am
Quoting my30marahaba
please check the higher tf before take the ib break out near resistance & 4hr ppz from the higher tf, if the break out close back to ib's area just wait until the break out close above the that ib's then you can find the valid break out of the ib's

brgds,
my30marahaba
here 4hr and 1hr dibs chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 21 KB
Click to Enlarge Name: eu.gif Size: 23 KB
  • #7,015
  • Mar 16, 2009 9:12am Mar 16, 2009 9:12am
Quoting my30marahaba
here 4hr and 1hr dibs chart
another sample have a look gj .... ib's at the resistance higher price
and your dibs fail break out to the resistance see the chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj4hr.gif Size: 21 KB
Click to Enlarge Name: gj4hr1hr.gif Size: 20 KB
  • #7,016
  • Mar 16, 2009 9:20am Mar 16, 2009 9:20am
guess we just need to re think here. Peter said a number of times that the first 9 hours where the times to be trading. london is not too far off closing, will US have the punch to push EU higher. im out anyways, took 50 pips on the swissy, wasnt keen to continue it. we reload and look tomorrow
  • #7,017
  • Mar 16, 2009 9:30am Mar 16, 2009 9:30am
can the 1:00 candle be considered an ib off of the opening candle? Im looking at today eur/usd chart.

thx
CRAIGSLIST BARTERING CHAMPION
  • #7,018
  • Mar 16, 2009 10:44am Mar 16, 2009 10:44am
Quoting simply123
i guess only the present day matters

EDIT :- a 100 pip move on the EURUSD.. did anyone take it .... i was the lucky one
Yes sir! And still in it on live account, im gonna try hold it as long as I can, currently +7% of account on this single trade.

Trailing the stop is the hard part
  • #7,019
  • Mar 16, 2009 10:52am Mar 16, 2009 10:52am
@hondakorn
yes it can be sir
Knock at the sky and feel the thunder
  • #7,020
  • Mar 16, 2009 10:57am Mar 16, 2009 10:57am
wow ekling sir... i was out already long time back
Knock at the sky and feel the thunder
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