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The DIBS Method... No Free Lunch continues

  • #10,681
  • May 25, 2016 10:30am May 25, 2016 10:30am
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Trading the inside bar break short and long was profitable.
This was not an official DIBS trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,682
  • May 25, 2016 10:59am May 25, 2016 10:59am
Cable -I've marked (within in midnight to midnight section-vertical lines) the first Inside bar after the 6 am level (arrowed). Am I on the right track ?
Thank you
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every Saint has a past. Every Sinner has a Future
  • #10,683
  • May 25, 2016 11:05am May 25, 2016 11:05am
Quoting turnip15
Cable -I've marked (within in midnight to midnight section-vertical lines) the first Inside bar after the 6 am level (arrowed). Am I on the right track ? Thank you {image}
That is not an inside bar, which must be encompassed by the prior bar, not the bar two bars ago. I might suggest reading PeterCrown's posts on the method, where it is explained.
  • #10,684
  • May 25, 2016 11:17am May 25, 2016 11:17am
Quoting turnip15
{quote} Thanks Mike
Hi

Not for me. Though its a Fractal and I usually take fractal breaks in strong markets.

ps: do you know how many times this question has been asked in the past? I've lost count. but its ok, there is not much to talk about so i suppose we'll just keep repeating ourselves. nothing wrong with that. IMHO

pss: it seems i've been successful so far, in my attempt to restart this thread. But I feel like staying shut and just keep doing it. Selfish...hmm may be
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,685
  • May 25, 2016 11:29am May 25, 2016 11:29am
Good job, dustbin.
Thank you for your efforts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,686
  • May 25, 2016 12:11pm May 25, 2016 12:11pm
Quoting dustbin
{quote} Hi Not for me. Though its a Fractal and I usually take fractal breaks in strong markets. ps: do you know how many times this question has been asked in the past? I've lost count. but its ok, there is not much to talk about so i suppose we'll just keep repeating ourselves. nothing wrong with that. IMHO pss: it seems i've been successful so far, in my attempt to restart this thread. But I feel like staying shut and just keep doing it. Selfish...hmm may be
Sorry - I'll fuck off then.
every Saint has a past. Every Sinner has a Future
  • #10,687
  • May 25, 2016 12:14pm May 25, 2016 12:14pm
Quoting California
{quote} That is not an inside bar, which must be encompassed by the prior bar, not the bar two bars ago. I might suggest reading PeterCrown's posts on the method, where it is explained.
Thanks California -I did read Peters post and PDF but simply wanted to know if the variation I alluded to would count as an Inside Bar. Since it doesn't then I will keep to the literal original and not seek variation. Thanks for your reply.
every Saint has a past. Every Sinner has a Future
  • #10,688
  • May 25, 2016 12:15pm May 25, 2016 12:15pm
Quoting turnip15
{quote} Sorry - I'll fuck off then.
That was not my intention. U can do whatever u like. I feck off all the time
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,689
  • Edited 3:33am May 26, 2016 1:24am | Edited 3:33am
Hi friends

Today, i was started my MT4 and i see that my prefered pairs are in BUY mode there was touched and goes to south now. i was setting my buys for 2nd try.

Yesterday my USDCHF my 50% was closed at 1:1 and now it's a FT , seeing PA my SL goes to BE.

UPDATE

ALL CLOSED.. i was changed my demo broker and it's GMT+2 my Open Bar entries all wrong.

NEXT

Good trading
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,690
  • Edited 7:34am May 26, 2016 5:22am | Edited 7:34am
Well, After setting up my charts, there is a new trading setup at UJ Buy & GU Sell

UPDATE: UJ now FreeTrade & GU not clear , maybe will be stopped.

NEXT
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Attached Image
"Let us strive to be more parents of our destiny than children of our past"
  • #10,691
  • May 26, 2016 7:54am May 26, 2016 7:54am
A UJ long , 1:1 half taken, FREE TRADE And almost immediate reversal. Possible no win no loss
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,692
  • May 26, 2016 8:27am May 26, 2016 8:27am
On the Cable chart I have marked in an Inside Bar (Far right arrow). If I was starting this approach today, would I be long break of that inside bar?
It is above the midnight horizontal marker.
Thanks again.
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every Saint has a past. Every Sinner has a Future
  • #10,693
  • Edited 11:07am May 26, 2016 10:59am | Edited 11:07am
Quoting turnip15
On the Cable chart I have marked in an Inside Bar (Far right arrow). If I was starting this approach today, would I be long break of that inside bar? It is above the midnight horizontal marker. Thanks again. {image}
I went short on the IB there. Cable is showing a strong upward break on the dailies and I think it will bounce off the red line on my chart below. If not we might see some shorts.. I take two half positions instead of one position and close half. Makes it easier to manage.

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Edit:

It is now a FREE TRADE. nice.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,694
  • May 26, 2016 11:50am May 26, 2016 11:50am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 42 KB


BAR[5] was an inside bar.
Trading each break was profitable.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,695
  • May 26, 2016 12:35pm May 26, 2016 12:35pm
Quoting dustbin
{quote} I went short on the IB there. Cable is showing a strong upward break on the dailies and I think it will bounce off the red line on my chart below. If not we might see some shorts.. I take two half positions instead of one position and close half. Makes it easier to manage. {image} Edit: It is now a FREE TRADE. nice. {image}
Thanks for the analysis Dustbin. I shall live test it forward using small stakes.
every Saint has a past. Every Sinner has a Future
  • #10,696
  • May 26, 2016 9:07pm May 26, 2016 9:07pm
I see dustbin and others picked up on the USD/JPY trade from Monday night after the G7 meeting in Sendai.

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A later chart from the following day:

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Click to Enlarge Name: DIBS TRADE - 2016-05-24 - 2 - USDJPY - The weekend after the G7 summit in Sendai, Japan - NO MOR.png Size: 50 KB


After that, there was a big plummet from about 110.16 to 109.40, and as of 10 pm NY time (on the 26th),
it's hovering at about 109.90.

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HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #10,697
  • May 27, 2016 2:26am May 27, 2016 2:26am
Thanks Mr. Blunderbuss for your nice "Trekkiwoman" LOL¡¡... you catch my attention.. always


Today no setups until now.

Only GU FT it's on.. I was move SL to BE point , price is below range and fridays and pre-holidays makes me cautious.
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,698
  • May 27, 2016 2:36am May 27, 2016 2:36am
GU closed..... LOL market saw my SL.

NEXT
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,699
  • Edited 5:11am May 27, 2016 4:50am | Edited 5:11am
Show must go on..., i would prefer not take friday trades, but today it's not NFP , so let's play (GU entry after first touch, UJ SL bit wider)

Be good...
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,700
  • May 27, 2016 11:32am May 27, 2016 11:32am
Quote
If I was starting this approach today, would I be long break of that inside bar?

You might want to turn off "the Grid" so there is less noise on your chart.
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