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The DIBS Method... No Free Lunch continues

  • #9,821
  • Oct 7, 2010 4:46am Oct 7, 2010 4:46am
Two more great Fakey IB set-ups on the daily charts this week.

The UJ i posted a few days ago is still going well, Pin bar IB set-up.

I know most use IB`s on the hourly but daily to me just seem to offer more.
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Seek not to change the world; seek only to change your mind about the world
  • #9,822
  • Oct 8, 2010 1:57am Oct 8, 2010 1:57am
Can somebody help a newbie by telling me how to install the DIBS_TriggerLines1.1.mq4 into MT4.
Have put it in the Experts folder but that doesn't seem to work!
TIA!
  • #9,823
  • Oct 8, 2010 3:09am Oct 8, 2010 3:09am
so amazing that the BOJ spike got killed in just a matter of 3 week

kinda gives u an idea of the selling pressure in that market it actually overwhelmed the freakin BOJ!!!
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  • #9,824
  • Oct 8, 2010 3:17am Oct 8, 2010 3:17am
Quoting ezz
so amazing that the BOJ spike got killed in just a matter of 3 week

kinda gives u an idea of the selling pressure in that market it actually overwhelmed the freakin BOJ!!!
"Central banks control FX market"

Well! Another myth went BUSTED!
You wont survive without preserving!!!
  • #9,825
  • Oct 8, 2010 8:28am Oct 8, 2010 8:28am
I close my U/J positions when the government wasted a pile of money (sort of a sigma six type of event and I should have closed them earlier on in the intervention before it triggered my close signal, but live and learn) and got short again on two subsequent inside bars with relatively large positions due to the small size of the IB's.

Also long two G/U positions

learning to deal with equity swings is fun



Quoting geoffrod
hey razorboy, hows those u/j trades going,
mine although i have cut my exposure to it, i still have some going.
HOW LOW CAN IT GO????
  • #9,826
  • Oct 9, 2010 2:35am Oct 9, 2010 2:35am
Seems like most people here are trading hourly dibs on forex.... this being ForexFactory and all, but has anyone tried trading hourly dibs on the commodities such as sugar, coffee and oil? I wonder how effective this system in on the hourly time frame on these markets, has anyone been able to verify this through any testing platform?
  • #9,827
  • Oct 9, 2010 3:39am Oct 9, 2010 3:39am
Quoting razorboy

learning to deal with equity swings is fun
Amen to that
  • #9,828
  • Oct 9, 2010 4:42am Oct 9, 2010 4:42am
Quoting gez40
Gold Daily, some great set-ups over the last couple of weeks

...none of which i took...lol
Hi gez

I read your charts with interest.
I wish to PM but you have not set it up.
Hope you don't mind... what are your MAs (I saw 3 of them)?

Cheers
  • #9,829
  • Oct 12, 2010 8:35am Oct 12, 2010 8:35am
Quoting tradpat
Hi gez

I read your charts with interest.
I wish to PM but you have not set it up.
Hope you don't mind... what are your MAs (I saw 3 of them)?

Cheers

21 period ema
8 period ema....both of the close.
Seek not to change the world; seek only to change your mind about the world
  • #9,830
  • Oct 14, 2010 7:33am Oct 14, 2010 7:33am
Another IB on USDJPY daily worked out, only 30 pips risk. Hope everyone got that.
You wont survive without preserving!!!
  • #9,831
  • Oct 14, 2010 8:26am Oct 14, 2010 8:26am
EURGBP Daily Trade in play, not to late to jump in..lets see how it plays out.
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Seek not to change the world; seek only to change your mind about the world
  • #9,832
  • Oct 15, 2010 3:13am Oct 15, 2010 3:13am
Quoting coronajazz
Another IB on USDJPY daily worked out, only 30 pips risk. Hope everyone got that.
I'm with you on that one, moved pretty quickly at first then gave back most of the days gains. Good start for today so far.
  • #9,833
  • Oct 15, 2010 6:27am Oct 15, 2010 6:27am
a picture is worth a thousand words - accounting for position size, up about 1900 pips on the u/j
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  • #9,834
  • Oct 15, 2010 6:45am Oct 15, 2010 6:45am
Anyone catch the IB on GBPUSD daily that formed wednesday?
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Seek not to change the world; seek only to change your mind about the world
  • #9,835
  • Oct 15, 2010 9:35am Oct 15, 2010 9:35am
Quoting gez40
I know most use IB`s on the hourly but daily to me just seem to offer more.
Hey G -- you prolly are already aware of this but, just in case, those daily IBs are often even better when they are also NR4s or NR7s.


Razor -- well played sir. i have a similar looking chart for the AUD but not for as many (yet!)
  • #9,836
  • Oct 15, 2010 10:25am Oct 15, 2010 10:25am
currently have 4 positions long g/u off of various IB's



Quoting gez40
Anyone catch the IB on GBPUSD daily that formed wednesday?
  • #9,837
  • Oct 15, 2010 10:40am Oct 15, 2010 10:40am
Quoting Juan Grande
Hey G -- you prolly are already aware of this but, just in case, those daily IBs are often even better when they are also NR4s or NR7s.


Razor -- well played sir. i have a similar looking chart for the AUD but not for as many (yet!)
I posted an NR4 indicator somewhere here last year, must dig it out.
Seek not to change the world; seek only to change your mind about the world
  • #9,838
  • Oct 15, 2010 4:45pm Oct 15, 2010 4:45pm
Quote
Anyone catch the IB on GBPUSD daily that formed wednesday?
Yes, still in it, having exited half of position and now enjoying a free trade.

Have returned to trading and DIBS (daily charts) after some 20 months absence. Just feeling my way gradually with small trades.
  • #9,839
  • Oct 19, 2010 5:04am Oct 19, 2010 5:04am
USDJPY...possible long?

Counter trend i know but some strength in the form of 2 pins, IB formed.

One to watch maybe?
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Seek not to change the world; seek only to change your mind about the world
  • #9,840
  • Oct 19, 2010 9:51am Oct 19, 2010 9:51am
Quoting gez40
USDJPY...possible long?

Counter trend i know but some strength in the form of 2 pins, IB formed.

One to watch maybe?
HI GEZ40,


How do you apply DIBS to the daily? As far as I understand (please correct me if I'm wrong) if we have an IB we should sell if it's below previous weekly close, and buy if it's above.

In this case the IB is below last week's close so only short trade should apply... right?

Regards,
Laranja
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