The DIBS Method... No Free Lunch continues | Page 362 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method - No Free Lunch Returns 13 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

  • #7,221
  • Mar 24, 2009 4:01am Mar 24, 2009 4:01am
Quoting takingthepip
USD/JPY IB. But I expect upper resistance around the daily trendline at 98.73.
Update. Stopped out. May try again.
  • #7,222
  • Mar 24, 2009 5:24am Mar 24, 2009 5:24am
Currently Short on the EUR from a couple of days ago. Price is starting to drop now but Im still some pips away from BE (was a daily IB).

Long on the swissy at 1.1258 with SL at 1.1221.

If I get to BE on either or both of the above I will look to add some more positions but am currently at my limit.
  • #7,223
  • Mar 24, 2009 7:38am Mar 24, 2009 7:38am
hi frinds..... nice to see u all .. i was out for a few days so could not read or reply ...

it was nice to have peter and jaroo both here posting again


well lets get to the tradign desk


PS:- EURUSD rocked
Knock at the sky and feel the thunder
  • #7,224
  • Mar 24, 2009 7:46am Mar 24, 2009 7:46am
Quoting simply123
hi frinds..... nice to see u all .. i was out for a few days so could not read or reply ...

it was nice to have peter and jaroo both here posting again


well lets get to the tradign desk


PS:- EURUSD rocked
Nice to have you back, it has been a very busy 2 weeks for DIBs trades. Lots of opportunities available including some great entries mid last week.

Welcome home
  • #7,225
  • Mar 24, 2009 7:57am Mar 24, 2009 7:57am
USD/JPY IB again on my platform. Very small risk. I fancy an upside breakout. Will see what happens.
  • #7,226
  • Mar 24, 2009 8:19am Mar 24, 2009 8:19am
Quoting takingthepip
USD/JPY IB again on my platform. Very small risk. I fancy an upside breakout. Will see what happens.

all over it like a rash ttp!
  • #7,227
  • Mar 24, 2009 8:54am Mar 24, 2009 8:54am
needs to break 37 then 55 first tp 49 not looking great about now....
  • #7,228
  • Mar 24, 2009 9:03am Mar 24, 2009 9:03am
OFFICIAL DIBS...

http://i42.tinypic.com/20gkxh0.gif
TRO
  • #7,229
  • Mar 24, 2009 9:34am Mar 24, 2009 9:34am
I'm a little disappointed that I missed this gem yesterday on the USD/JPY at 10am GMT. I snoozed through it. My alarm went off, and I pressed 'snooze' again as I'm still getting used to these early starts. Another lesson learned: If there are no IB's, and you decide to take a snooze, at least be awake on the hourly candle open.




...
Attached Image
  • #7,230
  • Mar 24, 2009 9:56am Mar 24, 2009 9:56am
Quoting icarusfx
needs to break 37 then 55 first tp 49 not looking great about now....
stopped out for a small loss.... thought about moving to b/e but changed my mind (ho hum)

look like a possible ib on cable (a bit late in the day for my liking though)

regards
  • #7,231
  • Mar 24, 2009 10:06am Mar 24, 2009 10:06am
maybe it will be a good one though because i think price is consolidating preceding BOV Gov King speaking...
The way is narrow
  • #7,232
  • Mar 24, 2009 10:15am Mar 24, 2009 10:15am
the 4h candle is also an ib... if anyone watches for this?
  • #7,233
  • Mar 24, 2009 6:11pm Mar 24, 2009 6:11pm
Its good to wake and have both your trades as risk free trades. Finally after a couple of days of patience the Daily IB of the EUR has dropped the 130 pips i needed to become risk free and the swissy also came up enough to be risk free as well.

Lets see if they can continue today
  • #7,234
  • Mar 24, 2009 8:47pm Mar 24, 2009 8:47pm
Quoting Razor_trader
Its good to wake and have both your trades as risk free trades. Finally after a couple of days of patience the Daily IB of the EUR has dropped the 130 pips i needed to become risk free and the swissy also came up enough to be risk free as well.

Lets see if they can continue today
Hi Razor:
Do you trade both the 1 hr and Daily Dibs and if you do, do you have a preference? Thanks for your time.

Jim
  • #7,235
  • Mar 25, 2009 5:23am Mar 25, 2009 5:23am
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
  • #7,236
  • Mar 25, 2009 5:27am Mar 25, 2009 5:27am
Hi all!

What SL and TP have all of you found to be the most successful?

I most often use TP and SL equal to the hight of the IB, but that hasn't always proved to be the best settings. I have tried with a lower TP and SL, but I don't like changing the RR-ratio going lower than 1:1.

Also, I most often use the 1H, but I have seen some success in this thread with the 4H. What do you all prefer?

Any input would be appreciated.

Regards

Archie
  • #7,237
  • Mar 25, 2009 5:28am Mar 25, 2009 5:28am
Quoting icarusfx
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
nice trade on the e/g 9250 may be the high for now

I have a pending buy on u/j @ 97.86
  • #7,238
  • Mar 25, 2009 5:39am Mar 25, 2009 5:39am
Quoting croesesFX
nice trade on the e/g 9250 may be the high for now

I have a pending buy on u/j @ 97.86
thanks


I thought about shorting u/j on the ib break to the down side due to the small downward channel it's in (would like to see a break of support @ 355 first) so decided to wait on g/j to see if that breaks.... but i think i've just managed to talk myself out of it now! lol
  • #7,239
  • Mar 25, 2009 5:52am Mar 25, 2009 5:52am
Quoting Archie
Hi all!

What SL and TP have all of you found to be the most successful?

I most often use TP and SL equal to the hight of the IB, but that hasn't always proved to be the best settings. I have tried with a lower TP and SL, but I don't like changing the RR-ratio going lower than 1:1.

Also, I most often use the 1H, but I have seen some success in this thread with the 4H. What do you all prefer?

Any input would be appreciated.

Regards
Archie
Hi Archie,

well yeah it's all about r/r and to use the height of the ib for tp sl works it really does, it doesn't have to be to the pip (in my experience) i sometimes stretch in to near support/resistance (where applicable) but i also account for this in my r/r. i'm not saying that you should do the same but it seems like common sense to me.

i only work from 1h hour but take note of 4h, daily as well, sometimes you find yourself looking at a 1h ib that is within a 4h/d ib, again i feel it's common sense to take note of the larger tmes and where their sup/res could influence your proposed trade.

kind regards
  • #7,240
  • Mar 25, 2009 6:23am Mar 25, 2009 6:23am
Quoting icarusfx
morning all, currently long eur/gbp and waiting to short gbp/jpy .

eur/gbp is a free trade with stop moved to + pips

gbp/jpy could be a cracker of a trade but will have to wait and see
if you are still in this trade, next stop could be 9280 ish
1 trader viewing now