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The DIBS Method... No Free Lunch continues

  • #7,161
  • Mar 22, 2009 5:10pm Mar 22, 2009 5:10pm
I have a short set up for the EUR/USD based on the IB on the daily chart. After the large move last week we could see a pull back early in the week. I have set up 1:1 on 1 lot and the other lot to run.
  • #7,162
  • Edited Mar 23, 2009 7:40pm Mar 22, 2009 9:41pm | Edited Mar 23, 2009 7:40pm
Hi folks,

Been a long time since I logged onto this forum so forgive me if this has been covered before.

The CME group have a great web site where you can get real time fx quotes straight off the futures exchange floors at http://equivalentswdc.cme.com:443/index.html

These are the prices the banks and the big boys are getting. See how much your borker is fading your prices! It should be illegal but it is not! From today 23rd March 2009 you can trade Micro FX futures on the CME. Check it out. It could save you a bundle. But even if you do not want to trade micro futures you can at least keep an eye on your local "honest" broker.

Cheers!
Never argue with a fool....
  • #7,163
  • Mar 22, 2009 10:04pm Mar 22, 2009 10:04pm
DIBS...

http://i43.tinypic.com/ve9me1.gif
TRO
  • #7,164
  • Mar 22, 2009 10:06pm Mar 22, 2009 10:06pm
Either you take the trade or you don't.

Setup...

http://i39.tinypic.com/24g16s3.gif
TRO
  • #7,165
  • Mar 22, 2009 10:07pm Mar 22, 2009 10:07pm
Will you or won't you?

http://i44.tinypic.com/dfvc3r.gif
TRO
  • #7,166
  • Mar 22, 2009 10:13pm Mar 22, 2009 10:13pm
Quoting tigertrader
Hi folks,

Been a long time since I logged onto this forum so forgive me if this has been covered before.

The CME group have a great web site where you can get real time fx quotes straight off the futures exchange floors at http://equivalentswdc.cme.com:443/index.html

These are the prices the banks and the big boys are getting. See how much your borker is fading your prices! It should be illegal but it is not! From today 23rd March 2009 you can trade Micro FX futures on the CBE. Check it out. It could save you a bundle. But even...
Interesting, indeed.... will take a better look...

Thanks, Tiger!

Cheers!
Many share my views with me. But I don't share them with them...
  • #7,167
  • Mar 22, 2009 11:09pm Mar 22, 2009 11:09pm
Lookin at the Euro 0400 GMTand E/J 0500 GMT IBs off the 0600 GMT Open.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #7,168
  • Mar 22, 2009 11:15pm Mar 22, 2009 11:15pm
Cad
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,169
  • Mar 22, 2009 11:17pm Mar 22, 2009 11:17pm
Yen
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,170
  • Mar 22, 2009 11:23pm Mar 22, 2009 11:23pm
Morning all.

I took the GBP/JPY IB. The risk was quite a big one, but it was on a nice uptrend lately. Now on a free ride.

Waiting for the USD/JPY IB to break now.
  • #7,171
  • Mar 22, 2009 11:26pm Mar 22, 2009 11:26pm
Quoting takingthepip
Morning all.

I took the GBP/JPY IB. The risk was quite a big one, but it was on a nice uptrend lately. Now on a free ride.

Waiting for the USD/JPY IB to break now.
Very nice TTP.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,172
  • Mar 22, 2009 11:34pm Mar 22, 2009 11:34pm
Orders filled on the Euro and E/J. Chart to follow . .
Indicators show the past. Price Action "Indicates" the future.
  • #7,173
  • Mar 22, 2009 11:51pm Mar 22, 2009 11:51pm
Quoting jarroo
Orders filled on the Euro and E/J. Chart to follow . .
I like to add a 3-5 pips "buffer" above/below the DIBS IBs to help give confirmation of the entry.

E/J 's 131.00 is a strong daily PPZ level. Will it continue to move up from it or will it crash down through it? We shall see.

Euro 1.3700 is a going to be a tough barrier to get through.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #7,174
  • Mar 22, 2009 11:54pm Mar 22, 2009 11:54pm
Cad order filled.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,175
  • Mar 23, 2009 12:16am Mar 23, 2009 12:16am
Cad is moving pretty steady, I'll wait and let it run a little before I move to the free trade.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,176
  • Mar 23, 2009 12:24am Mar 23, 2009 12:24am
Free trading on the Euro. It's nice to be back.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,177
  • Mar 23, 2009 12:28am Mar 23, 2009 12:28am
E/J order cancelled at -3 pips. Yen order filled short.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,178
  • Mar 23, 2009 12:30am Mar 23, 2009 12:30am
Took the USD/JPY short also. On a free ride now.
  • #7,179
  • Mar 23, 2009 12:32am Mar 23, 2009 12:32am
Quoting takingthepip
Took the USD/JPY short also. On a free ride now.
I'll let ride a little, moving my stoploss on the 1st half litlle by little before the free ride just like the cad.
Indicators show the past. Price Action "Indicates" the future.
  • #7,180
  • Mar 23, 2009 12:41am Mar 23, 2009 12:41am
Quoting jarroo
I'll let ride a little, moving my stoploss on the 1st half litlle by little before the free ride just like the cad.
Free trading on the cad and yen now. This is what DIBS trading is all about. High profit potential with zero risk/loss.
Indicators show the past. Price Action "Indicates" the future.
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