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The DIBS Method... No Free Lunch continues

  • #9,761
  • Sep 16, 2010 10:01am Sep 16, 2010 10:01am
Quoting tfflyer
Razor Trader,
i have seen in this forum quite "many" "10 v old dogs" who are looking from time to time to learn something new.... and posting in interetsing threads and looking to try this or that...

And they are very well respectable here.

So, i would not say that if You are 20 y already in trading, You should not look for some new things that can make maybe 0.2 % more in Your income for You.. etc etc etc......



Best,
Tom
That would depend on some factors however if my trading capital was large and I was making enough to survive and plus some out of what I had been doing for 10 + years then the last thing I am going to do is take something i know little about, trade it for an period of time for a loss and persist. That would be just taking money I had made, in something I had trust and confidence and that I could do with my eyes closed, and throwing it away on the hope that some new method was going to get me .2%.

My argument has always been, to find something you are comfortable with, provided it has a long term profit factor and go with it. If over the course of 3-5 years you can increase your capital by more than the bank will offer you in int% returned, then you have done yourself justice.

For the record, I despise banks. They are the lowest form. Recently (12 months ago) they introduced a fee on ATMs to withdraw your own money for competitors ATMs. The amount varies from $1.50-2.50 per transaction meaning you have to

A) search for your own ATM to avoid the charge
B) Carry larger sums of money
C) use eftpos facilities

With the amount of money a bank pulls in you would think that they dont need this, but alas they really must be struggling

RT
  • #9,762
  • Sep 17, 2010 2:00am Sep 17, 2010 2:00am
Quoting Razor_trader
...
For the record, I despise banks. They are the lowest form. Recently (12 months ago) they introduced a fee on ATMs to withdraw your own money for competitors ATMs. The amount varies from $1.50-2.50 per transaction meaning you have to

A) search for your own ATM to avoid the charge
B) Carry larger sums of money
C) use eftpos facilities
...
haha... i thought they implemented that only in my country.
i believe it's $0.25 - $0.50 per transaction in my place.
it's best to know the ATM locations in your vicinity or wherever it is that u are going... or carry cash... or pre-plan withdrawal amounts... or use credit card for payments instead.
  • #9,763
  • Sep 17, 2010 2:10am Sep 17, 2010 2:10am
Quoting tfflyer
Razor Trader,
i have seen in this forum quite "many" "10 v old dogs" who are looking from time to time to learn something new.... and posting in interetsing threads and looking to try this or that...
....
vouch has nothing to do with that.... not even money.
it's the individual's personality that is the main factor here.

remember we are all unique.
some love trying different things, trying 'out of the box' stuff.
some prefer to stick with what they know or what they have used successfully.
  • #9,764
  • Sep 17, 2010 7:08am Sep 17, 2010 7:08am
Quoting supremeChaos
haha... i thought they implemented that only in my country.
i believe it's $0.25 - $0.50 per transaction in my place.
it's best to know the ATM locations in your vicinity or wherever it is that u are going... or carry cash... or pre-plan withdrawal amounts... or use credit card for payments instead.
Well the ATM issue for me is that I dont have an ATM for my bank without travelling for at least an hour, perhaps thats reason enough to change banks but if I do that then it costs me more than a few hundred, perhaps even close to 1k in fees to change mortgages, savings funds etc etc. I just put up with it like everyone else.

Damn banks
  • #9,765
  • Sep 17, 2010 10:56am Sep 17, 2010 10:56am
charles schwab bank, while they do not have branches, does not charge ATM fees. in fact they refund ATM fees from any ATM you use. customer service is top notch & professional, they don't bug the customer with petty things, and the investor checking acct pays interest and offers overdraft protection.

as long as you are ok mailing in your deposits and don't need a branch, i recommend them highly. note that they DO have offices, where you can do things like sign up for accts, wire funds, etc. but mostly u just do everything over phone or mail.

cheers
  • #9,766
  • Sep 22, 2010 5:06pm Sep 22, 2010 5:06pm
Hello Everyone,

Just found out that Joel Rensink is giving an online presentation at the Tradersworld Online Expo entitled:

Dibs Trading System

at 2pm ET Friday Sept 24

Here is the link:

http://tradersworld.com/conference/tradersworld_online_expo_presenters.html

That's all I know - should be interesting!

Regards,
Timek
  • #9,767
  • Sep 22, 2010 8:04pm Sep 22, 2010 8:04pm
Quoting Timek
Hello Everyone,

Just found out that Joel Rensink is giving an online presentation at the Tradersworld Online Expo entitled:

Dibs Trading System

at 2pm ET Friday Sept 24

Here is the link:

http://tradersworld.com/conference/tradersworld_online_expo_presenters.html

That's all I know - should be interesting!

Regards,
Timek...
Link dosent appear to be working right now ..will try again later. Thanks for posting.
  • #9,768
  • Sep 23, 2010 12:24am Sep 23, 2010 12:24am
thanks Timek

have just signed up

Grant
  • #9,769
  • Sep 23, 2010 11:39am Sep 23, 2010 11:39am
Late for the party, up to page 508, taken me weeks. Just a had 2 questions re the daily timeframes for anyone who uses them.

1) Do you avoid correlated pairs? i.e. you would you take a short on the USD/JPY and a short USD/CHF in effect doubling your position, or short the EUR/USD long the USD/CHF in fact cancelling a position. Know what I mean?

2) Sorry to bring up timeframes, but on the D1 timeframe if I am in the UK am I OK to use GMT 00:00 as my start and close? Does it make a difference on the dailies? I use OANDA, not that that makes a difference.
  • #9,770
  • Sep 23, 2010 4:42pm Sep 23, 2010 4:42pm
Quoting Timek
Hello Everyone,

Just found out that Joel Rensink is giving an online presentation at the Tradersworld Online Expo entitled:

Dibs Trading System

at 2pm ET Friday Sept 24

Here is the link:

http://tradersworld.com/conference/tradersworld_online_expo_presenters.html

That's all I know - should be interesting!...
WOW!

Thank you Timek!
You wont survive without preserving!!!
  • #9,771
  • Sep 23, 2010 5:47pm Sep 23, 2010 5:47pm
Quoting Chinadiapers
Late for the party, up to page 508, taken me weeks. Just a had 2 questions re the daily timeframes for anyone who uses them.

1) Do you avoid correlated pairs? i.e. you would you take a short on the USD/JPY and a short USD/CHF in effect doubling your position, or short the EUR/USD long the USD/CHF in fact cancelling a position. Know what I mean?

2) Sorry to bring up timeframes, but on the D1 timeframe if I am in the UK am I OK to use GMT 00:00 as my start and close? Does it make a difference on the dailies? I use OANDA, not that that makes...
1. Look carefully at the key material again: what does he mean when he says you should trade the hot markets? what does that imply for the number of us crosses you might have? But yes, money management would suggest not getting overly exposed to any side of the trade so adding and subtracting can check that.

2. DIBs is about hourly bars traded within certain times which can be marked on charts with any midnight clock. However if you are looking at daily bars then gmt midnight seems to be one of the most popular for forex traders.
  • #9,772
  • Edited 2:26pm Sep 24, 2010 5:53am | Edited 2:26pm
Quoting kiwi_trader
1. Look carefully at the key material again: what does he mean when he says you should trade the hot markets? what does that imply for the number of us crosses you might have? But yes, money management would suggest not getting overly exposed to any side of the trade so adding and subtracting can check that.

2. DIBs is about hourly bars traded within certain times which can be marked on charts with any midnight clock. However if you are looking at daily bars then gmt midnight seems to be one of the most popular for forex traders.
Makes sense, I will do a reread, I appreciate the response.
  • #9,773
  • Sep 24, 2010 9:29am Sep 24, 2010 9:29am
http://tradersworld.com/conference/i...el_rensink.jpg

Looks like a quant
  • #9,774
  • Sep 24, 2010 12:20pm Sep 24, 2010 12:20pm
I am sorry if my question sounds stupid.

Do we trade the Inside Bar 05.00 GMT or 06.00 GMT,?
and this is my today chart is it ok?
thanks
Attached Image (click to enlarge)
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  • #9,775
  • Sep 24, 2010 12:31pm Sep 24, 2010 12:31pm
Quoting masoud_s
I am sorry if my question sounds stupid.

Do we trade the Inside Bar 05.00 GMT or 06.00 GMT,?
and this is my today chart is it ok?
thanks
6am GMT, chart is fine
Seek not to change the world; seek only to change your mind about the world
  • #9,776
  • Sep 24, 2010 12:37pm Sep 24, 2010 12:37pm
Quoting gez40
6am GMT, chart is fine

thank you
  • #9,777
  • Sep 24, 2010 2:15pm Sep 24, 2010 2:15pm
He said he uses a 90 period MA. I notice that in the chart in this post PC has a 90 MA plotted.

http://www.forexfactory.com/showthre...67#post2616367
  • #9,778
  • Edited Sep 25, 2010 5:57am Sep 24, 2010 4:44pm | Edited Sep 25, 2010 5:57am
So... I have seen webinar of Joel Rensink about DIBS.

So... long tails, and HOT HANDS are really the keys to this method... !!!





I made a video with a camtasia, but the quality is bad. Although - there one can hear the voice and explanations of master about this method.
  • #9,779
  • Sep 25, 2010 2:09am Sep 25, 2010 2:09am
Quoting dim4ik42
So... I have seen webinar of Joel Rensink about DIBS.

So... long tails, and HOT HANDS are really the keys to this method... !!!





I made a video with a camtasia, but the quality is bad. Although - there one can here the voice and explanations of master about this method.

Can you please post it?
  • #9,780
  • Sep 25, 2010 2:27am Sep 25, 2010 2:27am
Quoting ezz
Can you please post it?
Yes, I can... But... but...

the quality of the video is (oh I sorry so much!) very bad. Not even possible to see all the letters there... But - you still can hear the voice of the master.

The file is about 800 Mb. If you still want it - please tell me where can I share it - then I will do it for sure!

Regards!
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