dear all,
look at GBPCHF set up with DIBS method long movement
rgds,
my30marahaba
look at GBPCHF set up with DIBS method long movement
rgds,
my30marahaba
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Dislikedhi all,
just sharing with you all,
here my set up for uj i think uj to be pull back to the resistance line
i use lower ib to entry at the support line with closely SL also i put my pending order at the support line if price fail to break s&r line the price be going down and break the support line to 95.25 this my analyst....
please correction me if i made wrong analyst for this curr UJ
rgds,
my30marahabaIgnored
Dislikedhi all,
just sharing with you all,
here my set up for uj i think uj to be pull back to the resistance line
i use lower ib to entry at the support line with closely SL also i put my pending order at the support line if price fail to break s&r line the price be going down and break the support line to 95.25 this my analyst....
please correction me if i made wrong analyst for this curr UJ
rgds,
my30marahabaIgnored
DislikedI follow peter's rules and not trade after 9-10 hours is passed. Also not before 6gmt either(usually). He said its the volatility which is best to have maximised when trading. There is always another day, but good luck if you are entering on usdjpy!
My first little account was destroyed when i last traded some other methods, mainly because overtrading. This time i will have more patience.Ignored
DislikedI follow peter's rules and not trade after 9-10 hours is passed. Also not before 6gmt either(usually). He said its the volatility which is best to have maximised when trading. There is always another day, but good luck if you are entering on usdjpy!
My first little account was destroyed when i last traded some other methods, mainly because overtrading. This time i will have more patience.Ignored
DislikedHi all,
great thread
my30marahaba, what is vertical line you put on your graph ? Why it is on 3 GMT ?
I have also another question. As Peter mentioned you only take trades long/short when the day is up/down. As I understand he treats day like a session so i understand that new day starts at 6:00 GMT, so if we take a bar before this time we will have the day close. In other words is the 6:00 GMT bar open price treated like a level to figure if we are up/down ? And do you take open/close of IB as the signal or is it rather high/low ?
If the close...Ignored
DislikedHi folks,
It was requested that I add the broker Spread to one of the indicators I posted earlier in this thread. So I will post the update here...Ignored
DislikedYes, but if following DIBS rules, your direction is which side the price is howering compared to the 6gmt price. You are right about the overall trend being down, but you never know when the main trend will change, and by DIBS rules, you are mainly interested on "intraday trend" and if the longer trends allign too, its a bonus and you can then keep your winners open and trail them for example on 4h and daily and weekly charts
Peter said it pretty well:
"In the pit the first thing you learn--- when you are ready to actually make money...,...Ignored
DislikedEntered on usdchf long, hour ago, already in a "free trade mode"
Also one position on gbpusd(used 4gmt bar), not a free trade yet, needs to go 33+ pips for that.
edit: Just closed 2/3 of the gbpusd at 30+ pip, so now its also a free trade.
http://img.skitch.com/20081118-ts7ba...n8ansejf2f.pngIgnored
DislikedI've been trying this method out as well but unfortunately if we take all the DIBS trades even within the 9 hour timeframe and trade just the pairs Peter mentions we still may not make any headway.
You'll soon find we need a way to select high probability trades, I wish Peter would have included this detail as well although I'm thankful to him for even telling us this much and all about DIBS.Ignored
DislikedYou're very welcome,
I forgot to add the spread display around the top left hand chart corner (for those that don't want a display near the bars), so here's the final BarClock update...Ignored
DislikedEntered on usdchf long, hour ago, already in a "free trade mode"
Also one position on gbpusd(used 4gmt bar), not a free trade yet, needs to go 33+ pips for that.
edit: Just closed 2/3 of the gbpusd at 30+ pip, so now its also a free trade.Ignored
DislikedYou're very welcome,
I forgot to add the spread display around the top left hand chart corner (for those that don't want a display near the bars), so here's the final BarClock update...Ignored
DislikedI've been watching the GU and haven't pulled the trigger yet. Looking for some kind of break.
Ignored