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The DIBS Method... No Free Lunch continues

  • #10,201
  • Jun 8, 2012 8:41am Jun 8, 2012 8:41am
Quoting dim4ik42
Good day, traders!

I would try to share here Joel Rensink seminar. Services are 4shared.com and Rapidshare.com

Just try if you could download it from there.

Here are the links:

(May be you would have to register (free registration) to be able to download file from 4shared.com)

http://www.4shared.com/get/DMHwOHke/...sink_DIBS.html

https://rapidshare.com/files/2445009...nsink_DIBS.rar
Quoting dim4ik42
... and again I would share here a PDF-book which I have made some time ago about DIBS.

Great work guys.... Thanks for the links.
  • #10,202
  • Jun 13, 2012 6:23am Jun 13, 2012 6:23am
Quoting dim4ik42
Good day, traders!

I would try to share here Joel Rensink seminar. Services are 4shared.com and Rapidshare.com

Just try if you could download it from there.

Here are the links:

(May be you would have to register (free registration) to be able to download file from 4shared.com)

http://www.4shared.com/get/DMHwOHke/...sink_DIBS.html

https://rapidshare.com/files/2445009...nsink_DIBS.rar
THANK YOU!!!
  • #10,203
  • Jun 17, 2012 9:41pm Jun 17, 2012 9:41pm
I'm surprised this thread isn't as active. Did everyone stop posting here after making insane profits or something!
  • #10,204
  • Edited 4:01am Jun 19, 2012 3:04am | Edited 4:01am
Hi All,
This still is a viable method.
Here are two trades from last night on the EURUSD and USDCHF 30 minute.
(I prefer the 30 over the 1 hour).
Both hit a 5 to 1 R/R !!!

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Money Management:
I read a few pages back some more posts on stops, trailing stops and profit taking.
My personal method is as follows:
I enter with 4 Units = .5% each unit, of my account. (typical on all my trades)
I take 2 off at 1:1 for a "free trade".
In the examples above it hit 2:1 before taking the first 2 off!!! (that is icing on the cake, profit locked in and still have 2 free lots to manage)
I took 1 more off at 3:1 and set a limit order at 4:1 on the last. Hit while I was asleep.

If I was going to use this trade to build a larger position (was not part of the plan last night) I would have moved my stop to break even on the last lot and let it ride. If building a larger position I then manage the stop in relation to larger time frame I am building on.
For me that is the 4 hour chart trend. My personal level of comfort.
Though I have been just taking single trades lately, to much going on.
Hope this might help someone in developing their management style.

Good trading
Attitude can reflect outcome in life and trading!
  • #10,205
  • Jun 19, 2012 1:44pm Jun 19, 2012 1:44pm
Here is a trade I took this morning on the AUDUSD.
I got in 2 or 3 pips higher than I wanted but oh well.
Entered with my standard 4 units. (2% of my account)
Stop (SL) and Take Profits (TP) were set.

Took 2 off at 1:1 for a free trade.
Seems to be losing steam so I moved my stops up on the last 2 units 50% of entry stop. Now have locked in profit.
I will let it run now, have TP at 2:1 and 3:1.
Once again not using this trade to build a position.

Attached Image (click to enlarge)
Click to Enlarge Name: AU2.JPG Size: 119 KB


Note:
I did not take the earlier DIBS as I fell asleep when it was triggered.
I trade from Seattle, WA and work full-time.
I try to stay up until 1:30 am or so to get in a trade otherwise I look again at 5:00am when I get up.
I can then manage the trades from work.
I am actually posting from work so should probably go!!!
Attitude can reflect outcome in life and trading!
  • #10,206
  • Jun 21, 2012 2:29am Jun 21, 2012 2:29am
Good work. I'm not averse to using the M30 or even m15 if moving well.
Gone to a better place
  • #10,207
  • Jun 21, 2012 6:28pm Jun 21, 2012 6:28pm
Quoting krmo
Here is a trade I took this morning on the AUDUSD.
I got in 2 or 3 pips higher than I wanted but oh well.
Entered with my standard 4 units. (2% of my account)
Stop (SL) and Take Profits (TP) were set.

Took 2 off at 1:1 for a free trade.
Seems to be losing steam so I moved my stops up on the last 2 units 50% of entry stop. Now have locked in profit.
I will let it run now, have TP at 2:1 and 3:1.
Once again not using this trade to build a position.

Attachment

Note:
I did not take the earlier DIBS as I fell asleep when...

Excellent method good stuff.
  • #10,208
  • Jun 24, 2012 6:51am Jun 24, 2012 6:51am
Hi all,
This may seem like a rudimentary, my question is regards to
If there is a buy signal that I take and is going well, then a sell signal appears a few days later that I take also would this not essentially lock in profit for my first initial long position? Is this a broker thing where you can't have independant long and short positions at the same time
  • #10,209
  • Jul 10, 2012 11:54am Jul 10, 2012 11:54am
Took two DIBS trade today..
+20 PIP(almost) each and done for the day
Im usually a PA trader but like the simplicity of DIBS.....
Attached Images
  • #10,210
  • Jul 10, 2012 2:48pm Jul 10, 2012 2:48pm
EUR/JPY
Short on break of IB, we are under daily open.
+15 PIP right now, SL to BE and how we go further down...
Attached Image (click to enlarge)
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  • #10,211
  • Jul 10, 2012 10:50pm Jul 10, 2012 10:50pm
Quoting kojak
EUR/JPY
Short on break of IB, we are under daily open.
+15 PIP right now, SL to BE and how we go further down...
So you only buy if the price is above today's open (frankfurt open) and sell if price is below, right?
Fall seven times, stand up Eight! #GGMU
  • #10,212
  • Jul 10, 2012 11:00pm Jul 10, 2012 11:00pm
Quoting kojak
EUR/JPY
Short on break of IB, we are under daily open.
+15 PIP right now, SL to BE a nd how we go further down...
Hi Kojak

I hope you do not mind answering this question from me?

In the below screen, the IB with an arrow and the break in the next candle is not a valid setup as the IB candle is above the daily price open. Am I right? (IB candle marked with the arrow)



Thanks
Vicky
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Fall seven times, stand up Eight! #GGMU
  • #10,213
  • Jul 11, 2012 3:28am Jul 11, 2012 3:28am
Quoting vickym
So you only buy if the price is above today's open (frankfurt open) and sell if price is below, right?
Hi Vicky,
yes thats correct..That way you know you are "with" the daily trend(although it could change/whipsaw)..

If IB is over Daily open= i only take long breakout..

EJ closed half position with +19 pip..
  • #10,214
  • Jul 11, 2012 3:42am Jul 11, 2012 3:42am
Quoting kojak
Hi Vicky,
yes thats correct..That way you know you are "with" the daily trend(although it could change/whipsaw)..

If IB is over Daily open= i only take long breakout..

EJ closed half position with +19 pip..
Thanks Kojak
Fall seven times, stand up Eight! #GGMU
  • #10,215
  • Jul 11, 2012 3:28pm Jul 11, 2012 3:28pm
Waiting for the next 20 pip..

Took the IB long.
Attached Image
  • #10,216
  • Jul 12, 2012 3:13am Jul 12, 2012 3:13am
This will be pounced on like a pack of pirhanas (I hope). Inside bar in the making which retests the broken support level. Similar scenarios on the Euro and cable. Fill your boots, carefully.

Attached Image (click to enlarge)
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Gone to a better place
  • #10,217
  • Jul 12, 2012 3:31am Jul 12, 2012 3:31am
Quoting smikester
This will be pounced on like a pack of pirhanas (I hope). Inside bar in the making which retests the broken support level. Similar scenarios on the Euro and cable. Fill your boots, carefully.

Attachment
Thanks for the heads up
  • #10,218
  • Jul 12, 2012 5:36am Jul 12, 2012 5:36am
Quoting smikester
This will be pounced on like a pack of pirhanas (I hope). Inside bar in the making which retests the broken support level. Similar scenarios on the Euro and cable. Fill your boots, carefully.

Attachment
Took the AUD/USD short...+17 at the moment
Attached Image
  • #10,219
  • Jul 12, 2012 5:44am Jul 12, 2012 5:44am
Good stuff. It's never easy, is it?
Gone to a better place
  • #10,220
  • Jul 12, 2012 5:48am Jul 12, 2012 5:48am
Quoting smikester
Good stuff. It's never easy, is it?
au = +26 right now
and the gpb/usd is +12...
Attached Image
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