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The DIBS Method... No Free Lunch continues

  • #7,921
  • May 25, 2009 2:51pm May 25, 2009 2:51pm
Quoting HouseTrader
Hey candles.... living in South Chile???? (cerca Antartica )....Soy de Brasil... perdon por mi "portunõl"... pero estuve en Chile hace dos aņos, creo que mi castellano/espaņol es terrible ahora....

Been in Santiago and just loved your country... been traveling just to the Santiago cercanies, Valparaiso, Viņa, las vinicolas...

Bienvenido!

HT
Gracias HouseTrader...en el grado 53-54 latitud sur. But I am not Chilean, only a lonely man from Chicago wandering in Punta Arenas
  • #7,922
  • May 25, 2009 3:10pm May 25, 2009 3:10pm
Quoting candletrader
Gracias HouseTrader...en el grado 53-54 latitud sur. But I am not Chilean, only a lonely man from Chicago wandering in Punta Arenas
Punta Arenas... well, my lonely (lost?) friend from Chicago... indeed your are very close to Antartica.... I imagine the weather down there is an invite to the good wines...... HAve you ever been to Torres del Paine Natinal Park?... We hear a lot about that place....

Enjoy your stay there.... and anytime you want to escape the freezing, you'll be always welcome here in Brazil!!

http://pictures.exploitz.com/About-t...x1ee6b8f72.jpg




Cheers!

PS: regarding to your trading approach (well.. this is a trading forum BTW..) you're absolutely right... today we should never expect a breakout thru a huge resistance... no big dogs around.... but tomorrow, who knows...
Many share my views with me. But I don't share them with them...
  • #7,923
  • May 25, 2009 7:19pm May 25, 2009 7:19pm
Quoting HouseTrader
Punta Arenas... well, my lonely (lost?) friend from Chicago... indeed your are very close to Antartica.... I imagine the weather down there is an invite to the good wines...... HAve you ever been to Torres del Paine Natinal Park?... We hear a lot about that place....

Enjoy your stay there.... and anytime you want to escape the freezing, you'll be always welcome here in Brazil!!

http://pictures.exploitz.com/About-t...x1ee6b8f72.jpg





Cheers!

PS: regarding to...
Yep those brazillian ladies are quite an eye treat.
  • #7,924
  • May 25, 2009 7:24pm May 25, 2009 7:24pm
Daily Ibs currently on the EUR and GBP USD crosses. With the bank holiday for the 2 super forex powers yesterday these could pan out to be fizzle, however there is definatly some pull back room and we may see some downside action this week. Ill be looking at the hourly and 4 hourly to see if we can break some trendlines, create some lower highs/lower lows and all that jazz.

Take care
  • #7,925
  • May 25, 2009 7:34pm May 25, 2009 7:34pm
Quoting Razor_trader
Yep those brazillian ladies are quite an eye treat.
Oh...sure... as we say down here (for those who are married, like me...)... "I may be on a diet, but still can take a look at the menu"....

PS: Lucky I am my wife doesn't even dream what is FF....

Cheers!
Many share my views with me. But I don't share them with them...
  • #7,926
  • May 25, 2009 7:37pm May 25, 2009 7:37pm
Quoting Razor_trader
Daily Ibs currently on the EUR and GBP USD crosses. With the bank holiday for the 2 super forex powers yesterday these could pan out to be fizzle, however there is definatly some pull back room and we may see some downside action this week. Ill be looking at the hourly and 4 hourly to see if we can break some trendlines, create some lower highs/lower lows and all that jazz.

Take care
Ok let's forget the brazilian ladies... back to ... what is this forum about??? Oh, yes.... something to do with currencies.......

I'm with you Razor.. It would be no surprise to me to see some corrections around...

Cheers!
Many share my views with me. But I don't share them with them...
  • #7,927
  • May 25, 2009 7:49pm May 25, 2009 7:49pm
Quoting HouseTrader

PS: Lucky I am my wife doesn't even dream what is FF....

Cheers!
Ive been doing this for about 4 years. I go to bed talking about how a Pin bar on the GBP/USD formed at the previous support and the 38.2% retrace. I get in reply ZZZZZZZZZ from her. No chance she is ever going to visit a realm like this.
  • #7,928
  • May 25, 2009 8:43pm May 25, 2009 8:43pm
Quoting HouseTrader
Punta Arenas... well, my lonely (lost?) friend from Chicago... indeed your are very close to Antartica.... I imagine the weather down there is an invite to the good wines...... HAve you ever been to Torres del Paine Natinal Park?... We hear a lot about that place....
Ah...sure Brazil is a place for those relaxing scenaries---down here, this is what you see:
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  • #7,929
  • May 25, 2009 8:58pm May 25, 2009 8:58pm
Quoting Razor_trader
Ive been doing this for about 4 years. I go to bed talking about how a Pin bar on the GBP/USD formed at the previous support and the 38.2% retrace. I get in reply ZZZZZZZZZ from her. No chance she is ever going to visit a realm like this.
Many share my views with me. But I don't share them with them...
  • #7,930
  • May 25, 2009 9:02pm May 25, 2009 9:02pm
Quoting candletrader
Ah...sure Brazil is a place for those relaxing scenaries---down here, this is what you see:
Well, I guess no chance of watching that "landscape" I posted earlier around there....
Many share my views with me. But I don't share them with them...
  • #7,931
  • May 25, 2009 10:10pm May 25, 2009 10:10pm
Quoting HouseTrader
Well, I guess no chance of watching that "landscape" I posted earlier around there....
The heat that Brazillian women produce will no doubt melt that floating ice pack and then it will be back to normal
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  • #7,932
  • May 25, 2009 10:57pm May 25, 2009 10:57pm
So far on the EUR we have created a new high and new low which is giving my short theory some legs. The London session could create the volume needed to get this ball rolling.
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  • #7,933
  • Edited 1:33am May 26, 2009 1:23am | Edited 1:33am
This link might be of use:

http://fxtrade.oanda.com/resources/fxmarkethours/

With my time zone at GMT-4, currenty the time is near 2:30AM...another half hour for london openning session.
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  • #7,934
  • May 26, 2009 1:40am May 26, 2009 1:40am
Question: Does DIBS method is only valid for London session, or NY session can also be traded the same way?
  • #7,935
  • May 26, 2009 3:05am May 26, 2009 3:05am
Hi candletrader, P.C. has said that the best setups come within the first 6-9 hours of the Europe London open which will take you thru about 1/2 of the US session...hope this helps. I believe it could be traded the same way although I havent tested it and PC has and said most major moves will happen during these first 6-9 hours so by trading just the US session you will miss the power behind this system. You want to do what most wont do...something I am learning still.

PS You MUST read if you havent the collected posts from PC on the first post if you havent already...I am re-reading them and the original thread on a suggestion from another trader doing well with this concept...it will reinforce the whole idea for us...take care
  • #7,936
  • May 26, 2009 3:07am May 26, 2009 3:07am
Hi,
My understanding from Peter's original thread is he trades the main pairs : Eur/USd, USD/CHF, USD/JPY and GBP/USD ......so yes in answer to your question.......he also goes on to say it has been tested and works in most (liquid) pairs successfully and other markets too: Soya, Futures, wheat.....see the thread 'DIBS lives on...' or soemthing like that!
Have a good Day!
Best,
J






Quoting candletrader
Question: Does DIBS method is only valid for London session, or NY session can also be traded the same way?
  • #7,937
  • May 26, 2009 3:30am May 26, 2009 3:30am
Quoting Razor_trader
The heat that Brazillian women produce will no doubt melt that floating ice pack and then it will be back to normal
morning all! hope everyone had a good weekend!

i c the markets must have been slow yesterday :o) nice pic by the way.... the "girl" on the right look like the chap that fronted milli vanilli lol always wondered where he disappeared !?!
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  • #7,938
  • May 26, 2009 4:07am May 26, 2009 4:07am
Quoting icarusfx
morning all! hope everyone had a good weekend!

i c the markets must have been slow yesterday :o) nice pic by the way.... the "girl" on the right look like the chap that fronted milli vanilli lol always wondered where he disappeared !?!
LMAO, Bank holidays for GBP and USD so the 2 big players where out, market was dry.

I am currently short with 2 trades GBP and EUR USD crosses. There is still room to fall and so far markets have responded nicely. Up about 90 pips in total. I am looking for only a short short at the moment as the major trend is still up in my opionion. If I get a signal to reverse I may remove a large portion of my trade and leave the other to run.
  • #7,939
  • May 26, 2009 4:12am May 26, 2009 4:12am
Quoting candletrader
Question: Does DIBS method is only valid for London session, or NY session can also be traded the same way?
PC also had a friend Nathan who did some very indepth testing and he came back with another TZ that was just as profitable, however didnt elaborate on this.

I guess it is up to the trader as to what time suits him. London open may not be practical to some in the world, so perhaps looking at another zone, working out whether DIBs in profitable at that time and trading it could be an option.

One must also remember that if you are in a trend, then at times it wont matter where and when the IB forms. If you trade it to the rules then you could be in for the long haul regardless.
  • #7,940
  • Edited 4:31am May 26, 2009 4:20am | Edited 4:31am
RazorTrader....Great trades....were they DIBS entries...never mind...they look like daily entries right? I am just curious...thanks...
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