Disliked~~
Maybe I'll change it . . thought about it . . dope, I'll keep it.Ignored
Good Trading
The DIBS Method - No Free Lunch Returns 13 replies
No Free Lunch but all the Free Coffee you can drink 736 replies
Peter Crown's DIBS method revisited 14 replies
DIBS Method EA 11 replies
Problem using Dibs EA 4 replies
Disliked~~
Maybe I'll change it . . thought about it . . dope, I'll keep it.Ignored
DislikedI find it handy to have this up on a separate Tab in Firefox.
http://www.2008.worldmarkethours.com/Forex/index.htmIgnored
DislikedI'm another vote for "Price Action Shows the Current" otherwise you are missing the point of PeterCrowns teaching.Ignored
DislikedBemac, thank you for your contributions to date and in particular for starting the "Coffee Club" thread. However I find the above site unhelpful. It shows the UK and Euro sessions starting at the same time and makes a total cockup of the Sydney hours.Ignored
DislikedInstead of just throwing out a statement as above, why don't you state the reasons why you see the item as incorrect.
You seem to be experiencing a lot of trouble with time conversions. Is the time on your computer correct? How about on the wrist - on the wall? Somethings wrong.Ignored
DislikedYou seem to be experiencing a lot of trouble with time conversions.Ignored
Disliked~~
For the purpose of DIBS, I just trade the block of time Peter suggested. I don't worry too much about when the individual exchanges open.Ignored
DislikedYes I am, but part of the confusion is from info posted here.
I have been assured on FF that Frankfurt opens an hour earlier than London, and most info I have come across for the Sydney hours (including the home page here on FF and the Oanda link post above) have the Sydney session opening at 7.00 am (local (Sydney) time). To quote the Aust.Stock Exchange hours for the Sydney FX session is highly misleading.
However I apologise if I have caused any distraction from the main event.Ignored
QuoteDislikedThe trade is simple and perverse at the same time. It also gives some of the best risk/reward trades possible and always ensures that you are with the daily trend. If you are also in tune with the weekly and monthly trends is when it gets exciting!
QuoteDislikedIf you enter these trades in the direction of a longer term trend, and trail a number of them, the position you can accumulate over a few weeks and months can be tremendous. So are the profits!
QuoteDislikedAs traders we have no idea if a day will be an "up" day or a "down" day. (Actually, that isn't absolutely correct, but for the purposes of this method it is.)
DislikedI'm realising that part of my confusion stems from some posters giving the FX session times for various Countries as being the same as the Countries respective stock market hours. So I assume this must be common.
However this must vary from one Country to another. Mine for instance has the Australian Stock Exchange hours of 10am to 4pm, whereas the FX hours are 7am to 4pm giving the standard 9 hour session. (these times are GMT+10).Ignored
DislikedHi Dave, yes you are right in what you say, as are other who have replied. However Peter also said that it was possible to know what the daily trend was likely to be. To that end I've been wanting to see which Countries sessions start between 00.00GMT and 05.00GMT before London opens (06.00 with London's dst). It didn't occur to me that enquiring as to session times would be such a difficult question.Ignored
DislikedHi Dave, yes you are right in what you say, as are other who have replied. However Peter also said that it was possible to know what the daily trend was likely to be. To that end I've been wanting to see which Countries sessions start between 00.00GMT and 05.00GMT before London opens (06.00 with London's dst). It didn't occur to me that enquiring as to session times would be such a difficult question.Ignored
DislikedTime to think outside the box. There is no rule that states that in a 24 hour market you can not make your own sessions. Notice the overlaps in this graph. Peter uses the session of 00:00CST (US Time) ~ 11:00 CST.
This 'Session" begins w/ the Aust/Tokyo markets - at 2CST we actually have 4 markets open (Europe not shown, but opens when London does) then at 11CST the Euro/UK markets drop off. Close session.Ignored