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The DIBS Method... No Free Lunch continues

  • #10,801
  • Jun 9, 2016 6:16am Jun 9, 2016 6:16am
Quoting slaughter28
{quote} I cheated a little this time . I kept the sell stop price as 2 pips instead of 1 (for the gbp/usd). I didn't get into the trade but I haven't been stopped as well. I think the market is waiting for the US unemployment claims to roll in before it makes a decision up or down although I could be totally wrong.
make sure your not caught in cheating lol
thankyou gregwilson
  • #10,802
  • Jun 9, 2016 6:30am Jun 9, 2016 6:30am
Quoting njokie
{quote} make sure your not caught in cheating lol
I'll try not to get caught haha.

On a side note, I'd like to speculate that the pair will go bullish despite what the DIBS method might suggest. IF I get proven right, then I'll share the thought process that I used to arrive at that conclusion.
  • #10,803
  • Jun 9, 2016 6:59am Jun 9, 2016 6:59am
Quoting California
@relyt: You might also consider the H8 and H4 timeframes.
Interesting idea, does anyone here trade DIBS on the 4hr chart?

Then, if I'm only interested in the first 6-9 hours of the session, would I only be paying attention to the first two bars of each day? Or would I be looking at every bar as a potential IB?
  • #10,804
  • Jun 9, 2016 7:14am Jun 9, 2016 7:14am
Quoting slaughter28
{quote} I'll try not to get caught haha. On a side note, I'd like to speculate that the pair will go bullish despite what the DIBS method might suggest. IF I get proven right, then I'll share the thought process that I used to arrive at that conclusion.
you could be right as i type theres no clear direction on the weekly
thankyou gregwilson
  • #10,805
  • Jun 9, 2016 8:34am Jun 9, 2016 8:34am
Quoting kaltrax
EU free trade by the rules, but playing with my previous orders. {image} {image}
I sadly missed this trade as was away from desk. It great to see some people playing this strategy everyday. Ive recently just played it on crude oil but will reintroduce it to EURUSD & GBPUSD.

Lets keep posting our set ups
Thank you J16 & Trader Dante
  • #10,806
  • Edited 1:55am Jun 10, 2016 1:34am | Edited 1:55am
UJ buy & EU Free Trade. My UJ campaigne was succesfully stopped whith a very nice profit. It's my first time since start DIBS that i could multiply my initial balance by three it so little time whith a minimun dedication.

Attached Image


It's important cover your costs and play your free trade all you can.

Good Weekend, friends.
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"Let us strive to be more parents of our destiny than children of our past"
  • #10,807
  • Jun 10, 2016 2:58am Jun 10, 2016 2:58am
Quoting kaltrax
UJ buy & EU Free Trade. My UJ campaigne was succesfully stopped whith a very nice profit. It's my first time since start DIBS that i could multiply my initial balance by three it so little time whith a minimun dedication. {image} It's important cover your costs and play your free trade all you can. Good Weekend, friends. {image} {image}
(clap) Congratulations. So you tripled your account? Did you take more than 1% risk per trade? Nicely done. Indeed, the ability to hold on to your DIBS trades is the KEY.

meanwhile, i took a cable short YD, that closed my long and now its a free trade. Notice that the bar is too big and I would normally don't trade any inside bars that are relatively larger because the R:R advantage is lost.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,808
  • Jun 10, 2016 3:19am Jun 10, 2016 3:19am
Quoting dustbin
{quote} (clap) Congratulations. So you tripled your account? Did you take more than 1% risk per trade?
Really i was take bigger risk, if stops are not wide enough my 3 open orders , grew up to 10-14%. But looking only pips not money, help to keep my hands off ..

Now whith my Big Balance, patiently will calculate my 2% SL trades. Btw, i must admit that we MUST follow a good money management for the long haul, this is a business, no matter how much time spend on it.

Until now i was depleted several accounts demo & live, i know very well how i feel at Margin Call situations. I know very well how many systems that i tried went to hell whithout alert . (I remember summer 2008).

So it's imperative for all newbie, that a good system it's only 1 piece of 3 elements in this trading arena

Emotional Control, risk management & MONEY MANAGEMENT.

This lesson cost me around 50.000 EUR.

Good Weekend
"Let us strive to be more parents of our destiny than children of our past"
  • #10,809
  • Jun 10, 2016 3:49am Jun 10, 2016 3:49am
Took USDCAD long trade off last hour IB. Problem is daily resistance is quite close, and overall trend is down.
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  • #10,810
  • Jun 10, 2016 4:55am Jun 10, 2016 4:55am
I'm looking for a short on EURUSD as there is a good daily Bias with the Bearish engulfing. If dibs gives us an entry I would target the 23% fib for an exit
v
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Thank you J16 & Trader Dante
  • #10,811
  • Jun 10, 2016 6:35am Jun 10, 2016 6:35am
Quoting chartergas
I'm looking for a short on EURUSD as there is a good daily Bias with the Bearish engulfing. If dibs gives us an entry I would target the 23% fib for an exit v {image}
Also prefer shorting EU at ~ 1.1340/45 near 50 Fibo...fighting the huge BUOB formed last Friday.
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  • #10,812
  • Jun 10, 2016 6:39am Jun 10, 2016 6:39am
Quoting Hins
{quote} Also prefer shorting EU at ~ 1.1340/45 near 50 Fibo...fighting the huge BUOB formed last Friday. {image}
yeah like this too short from the previous days low. I find a Bearish Engulfing pretty much always retest that level on the next day.
Will be looking form there too. there's currently a buy signal on EU which would send us to the 50% but Ive placed my short and don't want to be in a straddle trade which I hate.
Thank you J16 & Trader Dante
  • #10,813
  • Jun 10, 2016 6:57am Jun 10, 2016 6:57am
gbpusd free trade
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thankyou gregwilson
  • #10,814
  • Jun 10, 2016 7:11am Jun 10, 2016 7:11am
Quoting njokie
gbpusd free trade {image}
Nice one! Also the pinbar on the left was off previous day S/R 1.4460, and supports this trade, so great trade...beware as margin requirements are doubling tonight.
  • #10,815
  • Jun 10, 2016 7:35am Jun 10, 2016 7:35am
Quoting Hins
{quote} Nice one! Also the pinbar on the left was off previous day S/R 1.4460, and supports this trade, so great trade...beware as margin requirements are doubling tonight.

margin requirements doubling?


usdchf another free trade
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thankyou gregwilson
  • #10,816
  • Jun 10, 2016 8:12am Jun 10, 2016 8:12am
Quoting njokie
gbpusd free trade {image}
Great work Njokie, i saw this but though EU was a better trade. I think a lot of the time there is little room for discretion in Dibs
Thank you J16 & Trader Dante
  • #10,817
  • Jun 10, 2016 8:21am Jun 10, 2016 8:21am
Quoting dustbin
{quote} (clap) Congratulations. So you tripled your account? Did you take more than 1% risk per trade? Nicely done. Indeed, the ability to hold on to your DIBS trades is the KEY. meanwhile, i took a cable short YD, that closed my long and now its a free trade. Notice that the bar is too big and I would normally don't trade any inside bars that are relatively larger because the R:R advantage is lost. {image}
Update on Cable short
two free trades. now all we need is a good blast off in the downward direction. lol
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,818
  • Jun 10, 2016 8:31am Jun 10, 2016 8:31am
Quoting chartergas
{quote} Great work Njokie, i saw this but though EU was a better trade. I think a lot of the time there is little room for discretion in Dibs
thankyou i saw eu was hovering around the open line i decided not to take it
thankyou gregwilson
  • #10,819
  • Jun 10, 2016 8:43am Jun 10, 2016 8:43am
Quoting dustbin
{quote} Update on Cable short two free trades. now all we need is a good blast off in the downward direction. lol {image}
further update on the GU... oh well, that blast off that I was wishing for...
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[damn it why did I not choose to take the 3rd entry???]
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,820
  • Edited 8:58am Jun 10, 2016 8:46am | Edited 8:58am
Quoting dustbin
{quote} further update on the GU... oh well, that blast off that I was wishing for... {image} [damn it why did I not choose to take the 3rd entry???]
hahaha i ignored it too thinking the sl would have been huge


usdchf update free trade stopped out breakeven.....you gotta love free trades no loss
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thankyou gregwilson
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