The DIBS Method... No Free Lunch continues | Page 413 | 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

  • #8,241
  • Edited 10:01am Jun 29, 2009 9:42am | Edited 10:01am
Quoting Jduester
Reentered... tough to pass on 9 pip stop. (for me at least)...I agree Razor. It's ready to pop, either up or down....
Stopped again. Done for day.

Guess it wanted to go higher. Nice call Zuret
  • #8,242
  • Jun 29, 2009 10:18am Jun 29, 2009 10:18am
Turns out, the best breakout trade for today should be the USDJPY long trade, which I suppose to enter, but I wasn't at my computer at that moment.
  • #8,243
  • Jun 29, 2009 9:17pm Jun 29, 2009 9:17pm
I was, am in the USD/JPY from the open of the day. The range was bloody tough but the breakout was strong and worth the wait. I netted 90 pips on half my trade and the other half can only travel back to my open point. It is left up to the market now whether it will bounce back after the little retrace, which as I speak is about 50%, a bounce of dynamic resistance (20 EMA) and is a Pin/Doji on the hourly. Could head higher time will tell but the daily and weekly ranging of some pairs could mean it will come back and be a pain in the arse.

Take care

Razor
  • #8,244
  • Jun 30, 2009 1:40am Jun 30, 2009 1:40am
DIBS straight into resistance. 1:1 covered.

Z
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 78 KB
  • #8,245
  • Jun 30, 2009 1:51am Jun 30, 2009 1:51am
Passed on this one but am watching...Lets see how she breaks the resistance line.

Z
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 76 KB
  • #8,246
  • Jun 30, 2009 2:02am Jun 30, 2009 2:02am
Quoting Razor_trader
I was, am in the USD/JPY from the open of the day. The range was bloody tough but the breakout was strong and worth the wait. I netted 90 pips on half my trade and the other half can only travel back to my open point. It is left up to the market now whether it will bounce back after the little retrace, which as I speak is about 50%, a bounce of dynamic resistance (20 EMA) and is a Pin/Doji on the hourly. Could head higher time will tell but the daily and weekly ranging of some pairs could mean it will come back and be a pain in the arse.

Take...
Good trade Razor. I missed the 4hour (mini) pin and missed the valid DIBS at 6am.

Well add to the pain of winning and the pleasure of losing the indifference of not taking part.

Z
  • #8,247
  • Jun 30, 2009 2:39am Jun 30, 2009 2:39am
Seems i called this DIBS wrong.

Too 'messy' on the 4hr. Also, didn't like the break of the resistance zone but valid DIBS all the same.

Lets she how she plays out!

Z
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ1.jpg Size: 82 KB
Click to Enlarge Name: EJ4.jpg Size: 79 KB
  • #8,248
  • Jun 30, 2009 4:57am Jun 30, 2009 4:57am
Quoting marcelnyo
Turns out, the best breakout trade for today should be the USDJPY long trade, which I suppose to enter, but I wasn't at my computer at that moment.
The DIBS on USD/JPY from yesterday (6/29) was only valid in the short direction for me... using day open at 12:00CT (5:00GMT).

If you used 6:00GMT, the IB highlighted would have straddled the open, so you could have taken it either direction.

(FXPro data is GMT+3 and CT is GMT-5)

Josh
Attached Image
  • #8,249
  • Jun 30, 2009 5:08am Jun 30, 2009 5:08am
Hey guys/gals. Interesting setup in the USD/CHF. We have two IB's that straddle the open. I didn't take the long trade triggered just over 2 hours ago. I took this most recent short though. And now I'm wondering if I can and should add on at the first IB low.

Guess it depends how you are trading the DIBS... I'm testing all of this month. Then I hope to be able to formulate a plan and demo trade for another few months before going live. I've had overall great results on DIBS the last few days though. (Only trading the main 4+G/J and trading them around S/R zones)


Josh
Attached Image
  • #8,250
  • Jun 30, 2009 6:05am Jun 30, 2009 6:05am
We have another great breakout opportunity. Inside bar followed by inside bar... BOTH straddle the open (12:00CT). On a PPZ and round number (in my book anyway). Wonder what Dale would say about this...

Have a demo trade long yet from yesterday, as shown. Stopped out on first DIB today (long).

Will watch for break higher...

Josh

PS: Not sure why my DIBS_TriggerLines1.2 isn't working properly...maybe a bug in it. There should be a horizontal line at the top of the last two bars...
Attached Images
  • #8,251
  • Jun 30, 2009 1:49pm Jun 30, 2009 1:49pm
Quoting Jduester
We have another great breakout opportunity. Inside bar followed by inside bar... BOTH straddle the open (12:00CT). On a PPZ and round number (in my book anyway). Wonder what Dale would say about this...

Have a demo trade long yet from yesterday, as shown. Stopped out on first DIB today (long).

Will watch for break higher...

Josh

PS: Not sure why my DIBS_TriggerLines1.2 isn't working properly...maybe a bug in it. There should be a horizontal line at the top of the last two bars...
Hi Josh,

Great to see you posting and running with DIBS. I was out most of the day and missed most of the action.

Should be back to full speed tomorrow. Although i see the markets consolidating in anticipation of the news coming out at the end of the week.

Z
  • #8,252
  • Jul 1, 2009 4:30am Jul 1, 2009 4:30am
Quoting icarusfx
Hi matt, well i can only tell you why i didn't take it. if you zoom out a little on your chart you'll see we've been trending (see pink lines) so i wouldn't be looking short just yet for other reasons not related to dibs (but many would).

it wasn't a bad trade matt just one of those things... move on buddy :o)

kind regards
Good day, Icarusfx!!!

One question to you: Can you tell me please, where did you find so nice Ibar indicator (blue bars on your chart)??? Or can you give a link here for download?

Thanks a lot to you!!!
  • #8,253
  • Edited 8:51am Jul 1, 2009 5:28am | Edited 8:51am
Quoting zuret9
Hi Josh,

Great to see you posting and running with DIBS. I was out most of the day and missed most of the action.

Should be back to full speed tomorrow. Although i see the markets consolidating in anticipation of the news coming out at the end of the week.

Z
Hi Zuret,

Looking forward for your DIBS trade.

I'm curious after reading TheRealThing's blog, could this DIBS method we trade right now has any similarities to his so-called London Squeeze? I thought maybe London Squeeze is looking for IBs in the 4H TF, maybe with a little ruleset change, but it has been backtested only within 8 years of data, while DIBS like PeterCrown said, has been there for almost 2 decades.

Just curious.

Currently Still holding long EURUSD and USDJPY, Buy Stops on GBPUSD and EURUSD.

USDCHF hasn't been kind lately (only 2 days).

EDIT : GBPUSD, EURUSD, and USDCHF is now a free trade, going to leave stops at their place and let the market decide

Cheers.

Marcel.
  • #8,254
  • Jul 1, 2009 10:10am Jul 1, 2009 10:10am
Quoting marcelnyo
Hi Zuret,

Looking forward for your DIBS trade.

I'm curious after reading TheRealThing's blog, could this DIBS method we trade right now has any similarities to his so-called London Squeeze? I thought maybe London Squeeze is looking for IBs in the 4H TF, maybe with a little ruleset change, but it has been backtested only within 8 years of data, while DIBS like PeterCrown said, has been there for almost 2 decades.

Marcel.
Hi Marcel,

Good to see you back and active. What happened to your journal? I see (from your post) that your trading has picked up.

I am not up to speed on the London Squeeze you are talking about, so am not really able to compare or give any meaningful feedback. I would welcome any notes you might have (Pls PM me if possible).

I take it you are referring to the following blog http://infiniteyieldforex.blogspot.com/ about TheRealThing? I don't follow this blog.

Happy trading.

Z
  • #8,255
  • Jul 1, 2009 8:04pm Jul 1, 2009 8:04pm
Hi Gang.

Currently Long UJ,EU,GU Short Swissy. All free trades

Going to hold them through NFP tonight until a DIBS signal shows otherwise or got stopped out at 0 profit.

Let the market decide
  • #8,256
  • Jul 2, 2009 12:59am Jul 2, 2009 12:59am
Quoting marcelnyo
Hi Gang.

Currently Long UJ,EU,GU Short Swissy. All free trades

Going to hold them through NFP tonight until a DIBS signal shows otherwise or got stopped out at 0 profit.

Let the market decide
Marcel,

I believe Peter uses DIBS for entry and exit! Say you get a valid short DIBS in any of the free positions you are holding, it would be a good time to jump out (avoid giving back too much). As always, work your plan.

Am usually flat for NFP unless there is some exceptional reason for me to hold a position through it. Just my way of trading.

Z
  • #8,257
  • Jul 2, 2009 2:20am Jul 2, 2009 2:20am
DIBS on the 1hour chart. Interesting double inside bar on the 4hour that i missed.

Does anyone trade the DIBS purely on the daily/4hour chart?

Z
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU1.jpg Size: 79 KB
Click to Enlarge Name: AU4.jpg Size: 81 KB
  • #8,258
  • Jul 2, 2009 3:58am Jul 2, 2009 3:58am
Anyone in this trade? I missed this. 1:1 target would have been achieved, lets see what happens from here in...

Z
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 83 KB
  • #8,259
  • Jul 2, 2009 4:21am Jul 2, 2009 4:21am
Hi,

Is someone using DIBS and James16 strategy together ?

I use DIBS for a while and i think that James16's strategy could be a complementary strategy.

Nadine

(sorry for my english)

  • #8,260
  • Jul 2, 2009 4:26am Jul 2, 2009 4:26am
Quoting nadid83
Hi,

Is someone using DIBS and James16 strategy together ?

I use DIBS for a while and i think that James16's strategy could be a complementary strategy.

Nadine

(sorry for my english)

I trade both, but not together [yet]. I have s/r zones marked on my DIBS charts, but only for reference. I'm still just learning DIBS, so I may at some point use PA to define when I would enter a DIBS trade. Just not yet.

Josh
4 traders viewing now