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The DIBS Method... No Free Lunch continues

  • #8,001
  • Jun 2, 2009 5:09am Jun 2, 2009 5:09am
Caught this IB a bit late, but I think still a good trade with respect to risk/reward ratio....time 2 go to bed now.
Attached Image
  • #8,002
  • Jun 2, 2009 5:12am Jun 2, 2009 5:12am
morning all.... some good dibs trades in the last few hours eur/usd long with support at the bottom of the bar (always nice)

more dibs on usd/chf aud/usd and nzd/usd although i didn't trade these although i really liked the nzd/usd long!

regards
  • #8,003
  • Jun 2, 2009 5:17am Jun 2, 2009 5:17am
Quoting icarusfx
morning all.... some good dibs trades in the last few hours eur/usd long with support at the bottom of the bar (always nice)

more dibs on usd/chf aud/usd and nzd/usd although i didn't trade these although i really liked the nzd/usd long!

regards

in free trade now looking to take profit around the 42220 area but will see haw we go :o)
  • #8,004
  • Jun 2, 2009 8:04am Jun 2, 2009 8:04am
Quoting icarusfx
morning all.... some good dibs trades in the last few hours eur/usd long with support at the bottom of the bar (always nice)

more dibs on usd/chf aud/usd and nzd/usd although i didn't trade these although i really liked the nzd/usd long!

regards
Should the eur/usd have been a short trade?? as it was below the 6.00am opening bar price I think. It was 1.4165 on my charts
  • #8,005
  • Jun 2, 2009 8:35am Jun 2, 2009 8:35am
Could someone confirm, do we have a DIB short on EUR at 4210????? Only thing it is against the overall trend so do still take it?

Quoting puntalara
Should the eur/usd have been a short trade?? as it was below the 6.00am opening bar price I think. It was 1.4165 on my charts
  • #8,006
  • Jun 2, 2009 8:44am Jun 2, 2009 8:44am
Not on my chart as the lows are the same, so i have left it.
  • #8,007
  • Jun 2, 2009 8:49am Jun 2, 2009 8:49am
Quoting puntalara
Should the eur/usd have been a short trade?? as it was below the 6.00am opening bar price I think. It was 1.4165 on my charts

lol er no....it was bang against the open (well a few pips different) and after days of $ bashing why would I be shorting? esp off a resistance bounce.

as i posted i was looking to get to the 2220 lvl which we did so i was out the trade b4 lunch ( even though it broke previous high, but i'm happy with my 3%)

[quote=SeaPip Could someone confirm, do we have a DIB short on EUR at 4210????? Only thing it is against the overall trend so do still take it?[/quote]

NO THAT WOULD NOT BE A DIBS TRADE! have a read of the first page once more. ;o)

all the dibs trades i mentioned this morning were good trades.


kind regards
  • #8,008
  • Jun 2, 2009 8:55am Jun 2, 2009 8:55am
Quoting puntalara
Should the eur/usd have been a short trade?? as it was below the 6.00am opening bar price I think. It was 1.4165 on my charts

open was at 1.41418 6am gmt i think yours open @ 1.4165 is 5am gmt

hope this helps
  • #8,009
  • Jun 2, 2009 10:00am Jun 2, 2009 10:00am
Thanks - i am based in the UK so i just go off the 6.00am candle. Both my trades today were not taken anyway.

punta
  • #8,010
  • Jun 3, 2009 3:28am Jun 3, 2009 3:28am
Quoting puntalara
Thanks - i am based in the UK so i just go off the 6.00am candle. Both my trades today were not taken anyway.

punta

no worries punta, i'm also uk based
  • #8,011
  • Jun 3, 2009 4:41am Jun 3, 2009 4:41am
Great setups on the GBP just last hour. IB on the hour and a Shooting star on the 4 hourly. Took the short and ran 1:1 which occured around the 36.2% retrace. Looking for the 50% retrace to take further action on my position.

Chart Below
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.gif Size: 17 KB
  • #8,012
  • Jun 3, 2009 6:48am Jun 3, 2009 6:48am
Hey m8

Can you allow for PM's need to send you something.

Cheers

Razor
  • #8,013
  • Jun 3, 2009 12:56pm Jun 3, 2009 12:56pm
It has been an incredible ride today on those two IBs'. They are still going down with plenty of push.
  • #8,014
  • Jun 4, 2009 1:29am Jun 4, 2009 1:29am
Hi Guys

When there are buy and sell lines from the indicator are they supposed
to be both valid?
and what do the S1,S2 etc mean on the signal line?

Many thanks for help
  • #8,015
  • Jun 4, 2009 3:53am Jun 4, 2009 3:53am
Sorry guys, I understand now. I thought we onlysupposed to take trades
up the open long etc.
But obviously we want to also trade with the trend
  • #8,016
  • Jun 4, 2009 6:13am Jun 4, 2009 6:13am
This trade has just presented itself. As the dibs is a volatility breakout method and price has just broken out of this pennant I can't help but think this trade may have a high probability of being a winner, as with all trading though only time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: 4-06-2009 9-06-17 PM.gif Size: 43 KB


Cheers
Perry
  • #8,017
  • Jun 4, 2009 9:53am Jun 4, 2009 9:53am
I didn't take that one, since usdjpy seems to be choppy right now, the longer trend stills favors the short, since the h&s trendline has not been broken yet.
  • #8,018
  • Jun 5, 2009 7:20am Jun 5, 2009 7:20am
afternoon,

well there were a few dibs available today with various outcomes i'm in usd/cad long atm at it was with tendline support but its been up and down (currently a little up) with nfp so close i'm gonna reduce my position and move stops up.

if you in a trade keep your eyes open!

regards
  • #8,019
  • Jun 5, 2009 7:43am Jun 5, 2009 7:43am
Nice dibs during GMT 0600 +2 for this pair.
  • #8,020
  • Jun 5, 2009 8:23am Jun 5, 2009 8:23am
Quoting candletrader
Nice dibs during GMT 0600 +2 for this pair.

yeah in hindsight i should have taken that one lol esp as the wedge break ran hand in hand with the dibs.... ah well always next week.

my cad trade tripped before the climb higher but i just wasn't prepared to risk a negative day today on a news trade.

another small % gain to the account, but the all add up

happy trading

good trade btw candle if you took it!

regards
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