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  • #9,681
  • Aug 1, 2010 3:41pm Aug 1, 2010 3:41pm
Quoting razorboy
really?

you're really asking that? here?

seriously..........


I see somebody has a looooong way to go....

@Romelu: mate, 6:00 GMT is always the same even if you are on Jupiter...

Maybe you meant YOUR opne time is 8:00 (6:00 GMT + 2:00)

Cheers
Many share my views with me. But I don't share them with them...
  • #9,682
  • Aug 1, 2010 4:51pm Aug 1, 2010 4:51pm
Trading is so personal in some ways ,what i think is a good trailing method might be just stupid in your view.

whether you choose an ema,sma,time stops, turtles, or some unique combination of planets and stars line-up, ITS UP 2 YOU & WHAT YOU CAN TOLERATE which i assure you is very different than my levels of tolerance

here is what you should be looking for in a trailing method when u plan to do something like this is 2 find a method that once a trade has a potential ur trailing keeps you in the market for ALOT of time as long as the trend is there
  • #9,683
  • Aug 1, 2010 10:42pm Aug 1, 2010 10:42pm
gotta disagree with you. trading is never personal - its all mathematical

understand how the math works and you will be profitable.

What you or anyone else "thinks" doesnt matter.......its all what you can prove

thinking will always get you in trouble. just look at all the traders out there who think they have it figured out..........and then go on to lose......

95 percent............

Quoting ezz
Trading is so personal in some ways ,what i think is a good trailing method might be just stupid in your view.

whether you choose an ema,sma,time stops, turtles, or some unique combination of planets and stars line-up, ITS UP 2 YOU & WHAT YOU CAN TOLERATE which i assure you is very different than my levels of tolerance

[size=4]here is what you should be looking for in a trailing method when u plan to do something like this is 2 find a method that once a trade has a potential ur trailing keeps you in the market...
  • #9,684
  • Aug 2, 2010 12:54am Aug 2, 2010 12:54am
Quoting razorboy
gotta disagree with you. trading is never personal - its all mathematical

understand how the math works and you will be profitable.

What you or anyone else "thinks" doesnt matter.......its all what you can prove

thinking will always get you in trouble. just look at all the traders out there who think they have it figured out..........and then go on to lose......

95 percent............


TRUE!! having a robust method with a statistacilly proven edge to approach the markets is always what i advice new comers to the roller coaster

BUT give 2 people the same system and check their results after 3 years and u will find out that they have completely different results

WHY?
let me simplify ur exit (trailing- back to the trailing stop arguement ) is completely up t0 you and i doNOT mean u should exit when u feel like it because thats BS .

what i mean is :what u will devise as a good trailing method for u but it wont be good for me because we dont have the exact levels of risk tolerance.
  • #9,685
  • Aug 2, 2010 2:09am Aug 2, 2010 2:09am
Quoting ezz
Trading is so personal in some ways ,what i think is a good trailing method might be just stupid in your view.

whether you choose an ema,sma,time stops, turtles, or some unique combination of planets and stars line-up, ITS UP 2 YOU & WHAT YOU CAN TOLERATE which i assure you is very different than my levels of tolerance

[size=4]here is what you should be looking for in a trailing method when u plan to do something like this is 2 find a method that once a trade has a potential ur trailing keeps you in the market...
Provided what "you" have tested and provided that that test period covers a great enough period of time and delivers a profitable edge is about as personal as it gets.
  • #9,686
  • Aug 2, 2010 4:13am Aug 2, 2010 4:13am
I have officially logged into this thread lol.

Setup for long on USD/CHF right now. Needs to break the IB.
  • #9,687
  • Aug 2, 2010 4:18am Aug 2, 2010 4:18am
Quoting Romelu
Hello to all! I have a quick question. I'm in GMT+2 and the oppening hour GMT 6:00.

The open time for me is 8:00 GMT ?
When you click on the MARKET tab (beside NEWS) you'll find that
FF has added a new feature -- an ongoing, interactive session indicator
that tells you which major bourses are currently open.

OR...

Go to the home page of FF and look at the indicator in the left column.
Click on it and you'll find out how long it is until London opens,
then synchronize that with your own time.

And I for one don't blame you for asking questions. "He who is
afraid to ask is ashamed of learning."
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #9,688
  • Aug 2, 2010 5:25pm Aug 2, 2010 5:25pm
Quoting Razor_trader
Provided what "you" have tested and provided that that test period covers a great enough period of time and delivers a profitable edge is about as personal as it gets.
__________________
A cool, disciplined trader will take an average system and make money with it. A nervous, arbitrary trader will take a brilliant system and wreck it.
Razor_trader, doesn't your sig contradict your comment somewhat?! The 2 traders (your cool, disciplined one vs my nervous, arbitrary one) could have both tested the same system showing a profitable edge. However their personal characteristics give them wildly different results?

I'm with ezz on this one!

I totally agree with blunderbuss that Romelu should be free to ask such questions - it's how we all learn. Keep 'em coming.

Cheers,
Timek
  • #9,689
  • Aug 4, 2010 4:44am Aug 4, 2010 4:44am
Quoting Timek
Razor_trader, doesn't your sig contradict your comment somewhat?!
Timek
Are you saying RT should update his sig?

Quote
TRUE!! having a robust method with a statistacilly proven edge to approach the markets is always what i advice new comers to the roller coaster

Is there such a thing? I haven't known it in all my years of watching charts. Where can I get that?

For my part I advice both newbie and old-bie. . . just a moment please. . .. . . I advice you look at the market as your enemy who has your money. Any way you can get your money out without getting badly hurt would be nice. DIBS might be one of the ways(?) James16 kind of trading pinbar and all. But I don't use indics much so I can't advice on that.
Now let the psychologist dissect.

Holla moi!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #9,690
  • Aug 5, 2010 1:37am Aug 5, 2010 1:37am
Hey Razor_Boy,

Would greatly appreciate your sharing what MA you use with respect to the entry direction, and your comments on how you would enter should the PA and MA be at the same level, i.e., what other methods would you do use to confirm going long or short? It seems to be important for this method or any method , for that matter.
Thanks in advance.

Quoting razorboy
dont care about the open of the week for this method


Go long above the moving average, short below it..........its all been written before
  • #9,691
  • Aug 5, 2010 2:23am Aug 5, 2010 2:23am
multiple profitable trades on the EU yesterday.
  • #9,692
  • Aug 5, 2010 4:16am Aug 5, 2010 4:16am
Quoting razorboy
if you look at all the cutting edge research, you should know that a triple weighted exponential moving average that has been smoothed by a 3rd degree derivative of the average 10 day volatility works the best.
But seriously, is there anybody using a MA in addition to the Daily open to guide a long/short entry into their initial position, and if so, what are the parameters http://cdn.forexfactory.com/images/icons/icon5.gif
I've looked at a 21 sma but wondered if there was a better MA or other method. At this point, am just researching better initial entries/positions, wrt the DIBS method.
Thanks in advance.
  • #9,693
  • Aug 5, 2010 4:16am Aug 5, 2010 4:16am
Quoting Crunch
multiple profitable trades on the EU yesterday.
There was clear DIBS signals on EU yesterday, I was only patiently waiting for a clean break and left a pending order when I couldn't keep up with the evil dance. It got hit eventually.
DIBS is good
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #9,694
  • Aug 5, 2010 6:33am Aug 5, 2010 6:33am
Sorry in advance,

I'm not doing your testing for you. Everything you need to know is on this thread - I've even spelled it out in terms my 6 year old can understand. I figured it out and so can you.

I've put everything I do out here in various posts, you just need to piece it together. And everything I put out was just a regurgitation of what others have written.

The one bit of additional advice I would offer is not to think of trading as "methods". Build a complete system.

Quoting esmontjr
Hey Razor_Boy,

Would greatly appreciate your sharing what MA you use with respect to the entry direction, and your comments on how you would enter should the PA and MA be at the same level, i.e., what other methods would you do use to confirm going long or short? It seems to be important for this method or any method , for that matter.
Thanks in advance.
  • #9,695
  • Aug 5, 2010 9:42am Aug 5, 2010 9:42am
Quoting razorboy
Sorry in advance,

I'm not doing your testing for you. Everything you need to know is on this thread - I've even spelled it out in terms my 6 year old can understand. I figured it out and so can you.

I've put everything I do out here in various posts, you just need to piece it together. And everything I put out was just a regurgitation of what others have written.

The one bit of additional advice I would offer is not to think of trading as "methods". Build a complete system.
Amen to that, mate!

if you compare the effort of writing a testing engine with data processing and position management capabilities from scratch (or customize existing one) - or even learning how to do something like this

with

READING ONE THREAD on FF and making some notes...
simply unbelievable

bluefish
  • #9,696
  • Aug 5, 2010 4:18pm Aug 5, 2010 4:18pm
Hi-

I read through the first 30 or so pages (really!)and Im still not sure of the exact trade set up.

My take so far is that for a long: if an 60 minute inside bar develops whos high is above the days opening price (rather then the close of the opening 60 minute bar ) then one can take the breakout above the inside bars high?

I think I must be wrong because the charts Im looking at dont seem to bear this out. any clarification would be appreciated. Thanks!

Nathan
  • #9,697
  • Aug 5, 2010 5:14pm Aug 5, 2010 5:14pm
Is there a trading group that gets together and trade this DIBS Method. Or is it just the thread and learn it from the Forum?
  • #9,698
  • Aug 5, 2010 6:28pm Aug 5, 2010 6:28pm
Quoting bigfoot
Hi-

I read through the first 30 or so pages (really!)and Im still not sure of the exact trade set up.

My take so far is that for a long: if an 60 minute inside bar develops whos high is above the days opening price (rather then the close of the opening 60 minute bar ) then one can take the breakout above the inside bars high?

I think I must be wrong because the charts Im looking at dont seem to bear this out. any clarification would be appreciated. Thanks!

Nathan
There is still plenty of time for you to read the next 210 pages which by that stage you should be up to speed with the absolute basics. A quick word of advice, that is if you dont want to read 210 pages, is to click on PCs username and read his posts. There are about 50 or so and it is the cruxt of the thread. Most people have just changed things to suit "their" needs and I am sure that if your willing and dedicated enough you will find an answer.

RT
  • #9,699
  • Aug 5, 2010 6:31pm Aug 5, 2010 6:31pm
Quoting dwhite13
Is there a trading group that gets together and trade this DIBS Method. Or is it just the thread and learn it from the Forum?
We did have one about 6 months ago with some of the more experienced members. We met on Skype but that has fallen away since with timezones making it difficult to catch up, personal lives. This thread has been more than enough and in the 3 months of having the Skype room set up there has been more constructive feedback here.

If anyone wanted to have it set up again I could do so however I wouldnt be the moderator for it, I would however join in from time to time but it up to everyone.

RT
  • #9,700
  • Aug 5, 2010 7:40pm Aug 5, 2010 7:40pm
Quoting Precap2
There was clear DIBS signals on EU yesterday, I was only patiently waiting for a clean break and left a pending order when I couldn't keep up with the evil dance. It got hit eventually.
DIBS is good
Yeah I like it. For some reason the EU is hard to daytrade for me. So this is a good way to take profit on the largest pair without daytrading, and with other pairs I just day trade the shiz out of them cuz there is absolutely no screen watching which is nice.
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