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The DIBS Method... No Free Lunch continues

  • #10,961
  • Aug 31, 2016 7:38pm Aug 31, 2016 7:38pm
Quoting AstronautFX
what are words for D,I,B,S? DIBS = DIB ZAMINI?
DIBS stands for Daily Inside Bar System.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #10,962
  • Sep 1, 2016 12:08pm Sep 1, 2016 12:08pm
Quoting blunderbuss
{quote} DIBS stands for Daily Inside Bar System.
thank you
The Goose Goozid! FK Goozid!
  • #10,963
  • Sep 4, 2016 6:05pm Sep 4, 2016 6:05pm
Quoting blunderbuss
{quote} DIBS stands for Daily Inside Bar System.
Have you been using DIBS all they way since 2008?

thanks
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,964
  • Sep 4, 2016 9:40pm Sep 4, 2016 9:40pm
The weekly trend line is a bit steep and it is being broken
Attached Image (click to enlarge)
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  • #10,965
  • Sep 5, 2016 9:13am Sep 5, 2016 9:13am
Quoting Dale
The weekly trend line is a bit steep and it is being broken {image}
thanks for the chart.

yes i see the same. I feel that this good weekly trend might be ready for some sideways zig zags.
D1 might not be sutiable for trades. but DIBS will still keep us busy I guess at least for the Swing actin.

I did take UJ short earlier and ended Be. Then arrived a CLEAR EU short and its FT. that has potential both on D1 chart and H1/H4. LONG TAILS...
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,966
  • Sep 5, 2016 3:16pm Sep 5, 2016 3:16pm
Quote
I feel that this good weekly trend might be ready for some sideways zig zags.

There is 900 points to grab between the Sea Green lines
Attached Image (click to enlarge)
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  • #10,967
  • Sep 5, 2016 3:24pm Sep 5, 2016 3:24pm
Weekly EUR/USD possible triangle with a 1100 pip range
Attached Image (click to enlarge)
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  • #10,968
  • Sep 6, 2016 11:38am Sep 6, 2016 11:38am
The market was getting set up for todays US News Announcement (ISM Non-Manufacturing PMI) The figures came out less than expected. and so the Dollar yen dropped.


I was well positioned thanks to DIBS Low Risk Entry at Frankfurt open. Long on Cable short on UJ, both were turned to FT well before news in the am session. Nothing more to do simply watch the profits sore... IMHO... know-er of nothing.

the following charts dont show the live trades but just posting here to make a point. I did not need complex analysis to get this low risk trade. Now its up to me and my long term goals where I chose to take profits. So what is it that I want from trading? How do I define and understand my edge? That will determine my over all profitability in the long run.

Ps. had an attempt on EUR/USD long but that got a -1R. yd's short exited as well.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,969
  • Sep 6, 2016 1:48pm Sep 6, 2016 1:48pm
working on exits.....gu today took some 50pips
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thankyou gregwilson
  • #10,970
  • Sep 6, 2016 3:02pm Sep 6, 2016 3:02pm
Quote
working on exits.....gu today took some 50pips

Hi njokie,

Did you take profits on the entire position? If so, you might want to leave a small part of the position open so you can get comfortable letting the position either get stopped out or make you money.

Respectfully
  • #10,971
  • Sep 6, 2016 4:20pm Sep 6, 2016 4:20pm
Quoting Dale
{quote} Hi njokie, Did you take profits on the entire position? If so, you might want to leave a small part of the position open so you can get comfortable letting the position either get stopped out or make you money. Respectfully


Hi Dale yes i took on the entire position its a new exit method am testing ......i usually exit using the laid out rules by petercrowns as shown by my previous posts
thankyou gregwilson
  • #10,972
  • Edited Sep 7, 2016 8:27am Sep 6, 2016 4:49pm | Edited Sep 7, 2016 8:27am
Quote
Hi Dale yes i took on the entire position its a new exit method am testing ......i usually exit using the laid out rules by petercrowns as shown by my previous posts

That is one of the nice things about the dibs entry, it is flexible enough that you should be able to make money with its various applications
  • #10,973
  • Sep 7, 2016 5:09am Sep 7, 2016 5:09am
Short PO on EU . EU D1 is sideways, and this is almost a reversal trade but still a DIBS breakout in the direction of todays trend. IMHO
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,974
  • Sep 7, 2016 6:00am Sep 7, 2016 6:00am
Quoting dustbin
Short PO on EU . EU D1 is sideways, and this is almost a reversal trade but still a DIBS breakout in the direction of todays trend. IMHO {image}
cancelled
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,975
  • Sep 7, 2016 7:02am Sep 7, 2016 7:02am
Quoting dustbin
{quote} cancelled
and Back in it again. same levels
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,976
  • Edited 3:45pm Sep 7, 2016 3:27pm | Edited 3:45pm
Quoting dustbin
{quote} and Back in it again. same levels {image}
sitting watching my trading activity for the day, and what do I see... I think I over traded. All I do on a normal day is look for those "low risk" entries and wait for market to move possibly near or around news events. And when I see a day like YD, usually I don't trade the next day unless something really pops up such as a strong 1 or 2 candle move away from open line and then a DIBS signal. But today, I traded 5 times. Usually I trade 5 times in a week. oh well... NEXT
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,977
  • Sep 8, 2016 6:50am Sep 8, 2016 6:50am
@Dale, where is your post gone mate...??? that made me feel good.

Swissy Short, EU Long ... anticipation of NEWS
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,978
  • Sep 8, 2016 7:26am Sep 8, 2016 7:26am
Quote
@Dale, where is your post gone mate...??? that made me feel good.

I was wanting to respect your space.. so I took it down..

I am glad you took it in the the way I intended...

I took down two posts, "At least you are honest with yourself" and "I like to write notes on my chart to keep out of trouble" .


Respectfully

Dale
  • #10,979
  • Sep 8, 2016 10:04am Sep 8, 2016 10:04am
Quoting dustbin
@Dale, where is your post gone mate...??? that made me feel good. Swissy Short, EU Long ... anticipation of NEWS {image}
another Break Even story of my life ... like PC once said, "waiting" was story of his life.
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"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,980
  • Sep 8, 2016 10:05am Sep 8, 2016 10:05am
Quoting Dale
{quote} I was wanting to respect your space.. so I took it down.. I am glad you took it in the the way I intended... I took down two posts, "At least you are honest with yourself" and "I like to write notes on my chart to keep out of trouble" . Respectfully Dale
Thank you for letting me know. Aha, notes on your chart.. how so?
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
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