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The DIBS Method... No Free Lunch continues

  • #7,181
  • Mar 23, 2009 2:54am Mar 23, 2009 2:54am
Looks like the cable is the hot hand this morning. But we didn't get any confirming DIBS trade. Unless you took it earlier.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #7,182
  • Mar 23, 2009 3:03am Mar 23, 2009 3:03am
Short USD/JPY. First limit hit so it is now a free trade.
  • #7,183
  • Mar 23, 2009 3:10am Mar 23, 2009 3:10am
Got go all. Nice DIBS trades today.

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,184
  • Mar 23, 2009 4:02am Mar 23, 2009 4:02am
Stopped out on the USD/JPY for a no loss trade. Never mind. My Guppy seems to be doing okay.
  • #7,185
  • Mar 23, 2009 5:25am Mar 23, 2009 5:25am
Quoting takingthepip
Stopped out on the USD/JPY for a no loss trade. Never mind. My Guppy seems to be doing okay.
Same here, ohwell, it didnt run a great deal so a BE trade is a great result. Im now looking for the EUR to pull back some of the gains last week. I have a setup for short based on the daily candle. May not come in today but I will leave it open unless I see a better opportunity.
  • #7,186
  • Mar 23, 2009 7:16am Mar 23, 2009 7:16am
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...
CBE ?....Do you mean CME ?

I thought the smallest size was the Mini on forex 10000 ?
every Saint has a past. Every Sinner has a Future
  • #7,187
  • Mar 23, 2009 8:13am Mar 23, 2009 8:13am
SETUP...

http://i40.tinypic.com/2rmljt3.gif
TRO
  • #7,188
  • Edited 8:26am Mar 23, 2009 8:26am | Edited 8:26am
If this breaks on the upside... then there are loads of pips to be made on this one, though not too much on the down side, by the looks of S/R - though who knows.

Also news in the next 30 mins... will be interesting.

Quoting Money4Nothing
SETUP...

http://i40.tinypic.com/2rmljt3.gif
  • #7,189
  • Mar 23, 2009 8:49am Mar 23, 2009 8:49am
Did you DIBS?

http://i40.tinypic.com/2s8fpsh.gif
TRO
  • #7,190
  • Mar 23, 2009 8:52am Mar 23, 2009 8:52am
Quoting Money4Nothing
Did you DIBS?

http://i40.tinypic.com/2s8fpsh.gif
Yes I DIB, thanks! Price had broken through 1hr trendline.
  • #7,191
  • Mar 23, 2009 9:00am Mar 23, 2009 9:00am
Price hit the Peter Crown free trade 1:1 level.

http://i44.tinypic.com/2z5lmba.gif


What is the TP? Or the FTT (Free Trade Target)
We are looking to exit half of our position at 1:1, which means that once you’re up the amount of pips which equals the amount of pips you’re risking (IB-range + 2 (1 up and 1 down for the breakout) + spread) then you close half you position. This is your FTT (Free Trade Target) If after this price comes back and takes you out, you haven’t lost anything. Do not move the SL on the remaining 1/2.
TRO
  • #7,192
  • Mar 23, 2009 9:34am Mar 23, 2009 9:34am
Well im in short. Daily IB has been activated and it happened while i was watchin TV, Now its time for bed.

Take care all
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD broken out.gif Size: 31 KB
  • #7,193
  • Mar 23, 2009 10:01am Mar 23, 2009 10:01am
Hit my 1.5:1 Free trade TP

I use 1.5:1 because if the trades go 50/50 and all else being equal, then I am ahead of the game.

http://i40.tinypic.com/1z1th6b.gif
TRO
  • #7,194
  • Mar 23, 2009 10:03am Mar 23, 2009 10:03am
EURUSD SETUP...

http://i44.tinypic.com/2vaf3i1.gif
TRO
  • #7,195
  • Mar 23, 2009 11:02am Mar 23, 2009 11:02am
Going against the grain...

http://i40.tinypic.com/15qouv7.gif
TRO
  • #7,196
  • Mar 23, 2009 11:44am Mar 23, 2009 11:44am
Quoting Money4Nothing
Going against the grain...

http://i40.tinypic.com/15qouv7.gif
Hi money;
Really enjoy your charts, please continue to post them. Are you taking this trade? It's below the NY open, which I believe you said you use during this time of day to determine long or short. Thanks

Jim
  • #7,197
  • Mar 23, 2009 12:02pm Mar 23, 2009 12:02pm
"Some rules can be bent others can be broken." - THE MATRIX

http://i41.tinypic.com/2mq2b85.gif
TRO
  • #7,198
  • Mar 23, 2009 12:07pm Mar 23, 2009 12:07pm
Perhaps you can see why I broke the rules and took the inside bar trade long...

http://i42.tinypic.com/2db8q9y.gif
TRO
  • #7,199
  • Mar 23, 2009 12:12pm Mar 23, 2009 12:12pm
Still going...

http://i39.tinypic.com/tak1av.gif
TRO
  • #7,200
  • Mar 23, 2009 12:14pm Mar 23, 2009 12:14pm
Quoting Money4Nothing
"Some rules can be bent others can be broken." - THE MATRIX
ah confucius for the current generation lol
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