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The DIBS Method... No Free Lunch continues

  • #10,721
  • Jun 1, 2016 2:13pm Jun 1, 2016 2:13pm
Quoting turnip15
Cable -still testing. Last two bars: one is a 5am (thus before the 6am time advocated by PC). Last bar at 11am gave a nice short ? Third bar from right (and three bars right from the wrongly marked green bar) is a failed long because it was above 6am open? Comments welcome {image}
took me a while to understand your question, but anyway. That to me is NOT a failed long because that time, I'm asleep and its not a signal for me. I like to take Signals After 7am UK that is 6GMT until London Close that is around 4GMT. so I take the first 7-10 hrs for a session. Session starts at Frankfurt open for me.

hope it helps. I am not the master.
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,722
  • Edited 8:05am Jun 2, 2016 1:23am | Edited 8:05am
Hi friends , updates below.

Good Trading
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,723
  • Jun 2, 2016 5:45am Jun 2, 2016 5:45am
Inside Bar ( Cable ) after 7 am UK time ?
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every Saint has a past. Every Sinner has a Future
  • #10,724
  • Jun 2, 2016 6:47am Jun 2, 2016 6:47am
EUR/USD H1 Chart
DIBS Signal with no indication of HOTNESS
This should have been taken. I missed it. its what I would call, a counter trend entry but in line with DAILY trend as defined by the DIBS concept. Its an entry below the Day's Open.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,725
  • Jun 2, 2016 7:12am Jun 2, 2016 7:12am
Quoting turnip15
Inside Bar ( Cable ) after 7 am UK time ? {image}
Yes, that's the DIBS trade we can take. Short and long. I did not take the short but I am long.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,726
  • Jun 2, 2016 8:24am Jun 2, 2016 8:24am
Quoting dustbin
{quote} Yes, that's the DIBS trade we can take. Short and long. I did not take the short but I am long. {image}
USD/JPY Free Trade add on
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,727
  • Edited 2:06am Jun 3, 2016 1:12am | Edited 2:06am
Hi friends. UC closed at 1:1 profit (3 trades) UJ & EJ running.

Good Weekend
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,728
  • Edited 5:13am Jun 3, 2016 3:33am | Edited 5:13am
Another Free Trade on USD/JPY? hmmm lets find out
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,729
  • Jun 3, 2016 4:24am Jun 3, 2016 4:24am
Quoting dustbin
Another Free Trading on USD/JPY? hmmm lets find out {image}
Which open are you using there, dustbin?
Gone to a better place
  • #10,730
  • Jun 3, 2016 5:11am Jun 3, 2016 5:11am
Quoting smikester
{quote} Which open are you using there, dustbin?
I simply use the Frankfurt Open as my open. It works pretty good for me.
[I do consider the Open Price as both a "pivotal" point in this strategy in both senses and a Sand in Line]
E.g. The banks in Europe would be active at 8am Europe time which is 7am UK time.

We have a Free Trade on UJ.

Lets see if NFP destroys it or turns it into a beautiful trade. This trade was entered slightly late due to my busy morning (just this morning). I saw that price was still within the range where I would take the IB so I entered a market order and adjusted SL below the IB tha was 1 hr before the open bar. Hope it makes sense and if I'm wrong please do not hesitate to correct me. thanks Respect Smikester

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EUR/USD
There was a big IB yesterday I took it but price did not move. This am I saw it created a new swing high which was not too far so I "bend" the rules a bit. I moved my SL to the new swing high and moved my 1:1 TP reflecting the new SL distance. Hope it makes sense. Now its a FREE Trade.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,731
  • Jun 3, 2016 7:36am Jun 3, 2016 7:36am
UJ
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,732
  • Jun 3, 2016 7:49am Jun 3, 2016 7:49am
Quoting kaltrax
UJ {image}
bloody good Kaltrax, wel ldone on holding on to those trades. That is the way of the DIBS...

I got out of UJ and went long, which turned into a Free Trade so nothing made or lost. But got GU long which I just turned into a Free trade at 80pips. I was not able to exit at 1:1 , as it went too fast, as PC onces said, What a problem to have... thank you...
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,733
  • Jun 3, 2016 10:06am Jun 3, 2016 10:06am
so, what are the updated rules on this method. been away for so long, last track.
  • #10,734
  • Jun 3, 2016 11:15am Jun 3, 2016 11:15am
Quoting whatfx
so, what are the updated rules on this method. been away for so long, last track.
We still call Aussie's the guys from "down under" and they still hang their maps up side down. Nothing's changed.

@Kalkrax once again, you played it rightly, i made a critical mistake of exiting UJ. That first entry would be 400 pips up now. Risk was 17 pips. Hope you got a few very "long tails" running.

Wishing everyone a Good Weekend .... NFP was loads of fun
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,735
  • Edited 7:05am Jun 4, 2016 6:53am | Edited 7:05am
subscribed

yeah nfp was fun but i exited too soon
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thankyou gregwilson
  • #10,736
  • Jun 5, 2016 7:59pm Jun 5, 2016 7:59pm
This isn't strictly a DIBS post, but I made a chart of the "JOBS FRIDAY" NFP data announcement.
Here's the data from Bloomberg:

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Since it was far below expected, the dollar took a hit against the other majors, including the EURUSD:

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And on a shorter time frame: 1 min.

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I guess now we have a reason not to raise interest rates for a few months, am I right?

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HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #10,737
  • Jun 5, 2016 9:56pm Jun 5, 2016 9:56pm
Quoting dustbin
{quote} We still call Aussie's the guys from "down under" and they still hang their maps up side down. Nothing's changed. @Kalkrax once again, you played it rightly, i made a critical mistake of exiting UJ. That first entry would be 400 pips up now. Risk was 17 pips. Hope you got a few very "long tails" running. Wishing everyone a Good Weekend .... NFP was loads of fun
Aussie's have no need for maps, we're a fricken island in the middle of the ocean a few clicks north of some frozen wasteland. Plus we're convicts that can't read or write so a map would be useless lol

Good to see this thread has picked up some members. Some fond memories and lessons taken from here.
  • #10,738
  • Jun 6, 2016 1:16am Jun 6, 2016 1:16am
Hi friends, Dustbin you are totally right . It's imperative let your free trades run. I'm always try take my 1:1 whith 2 orders.

UJ & EJ
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,739
  • Jun 6, 2016 2:19am Jun 6, 2016 2:19am
usd/jpy monday trade already in a free trade
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thankyou gregwilson
  • #10,740
  • Jun 6, 2016 4:39am Jun 6, 2016 4:39am
Dear all,

I'm using OANDA fx Trade platform, and can not find daily open indicator, or a way to put line (segment) on the High/Low of an IB.

Perter's charts show (same OANDA platform, 8 years ago) a daily open line, there are also Horz. Lines on top/bottom of IBs.

Does anyone know a way to get at least the daily open line in OANDA?

Thanks

(I'm in the same long trade U/J, but without visual aids of MT4)
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