Manage Trade — My MT4 chart showed a valid DIBS trade short on the 06:00 GMT open candle, so I went short. I realized that Oanda didn't match having an IB, but it appears to have worked out. Price seems stalled at the 61.8 fibo that I have ...

The DIBS Method... No Free Lunch continues

Nice trade. I can't really tell by looking at your chart, but on my chart the IB you took short was above the Daily Open, which by the rules means you wouldn't take short you would be looking to go long. At 07:00 GMT there was an IB with a trigger ...

The DIBS Method... No Free Lunch continues

GJ DIBS — Went off the 5GMT DIB long on GJ. Took 1:1 R/R and in free trade now. Some resistance around 145.90 - 146.21. Might TP just under that. Similar play on GU pair, but didn't have the funds to play.

The DIBS Method... No Free Lunch continues

GU — Looks like the 1.4951 Yellow line is holding up. price has to move one way or the other eventually I would think...

No Brainer Trades

Just added this to my charts. I think I like it . Thank you.

The DIBS Method... No Free Lunch continues

I've been watching the GU and haven't pulled the trigger yet. Looking for some kind of break. Light Blue Fib = large down trend Yellow = s/r line Price has come up the 38.2 fibo (lt. blue) not sure if it will break it or not and now the Yellow ...

The DIBS Method... No Free Lunch continues

Excellent point, I guess I've over thinking it all and second guessing myself. You're right, go with the direction DIBS says.

The DIBS Method... No Free Lunch continues

s/r gu — Did I draw this S/R line correctly? Yellow line on GU chart 1H. Looks like Resistance has turned support or is it too soon to make that call?

No Brainer Trades

Hello, I'm still reading through the tread and learning to trade. I was wondering how do you tell if a movement is just a retracement or a "permanent" i.e. long term trend change? Specifically, on the GBP/USD pair. Looking at Daily / Weekly / ...

No Brainer Trades

I'm still learning and only trading for 4 weeks now, I was thinking short. My thinking was the larger timeframe trends were going lower overall and like you said there is that resistance at the 98.46 - 98.57 levels. I drew my fibo's the other ...

The DIBS Method... No Free Lunch continues

usd/jpy — What are your thoughts on the USD/JPY?

The DIBS Method... No Free Lunch continues

Yeah, I was stopped on this pair and stopped out many times on other pairs cuz I took a lot of trades in both directions. Dumb moves on my part and I paid for it.

The DIBS Method... No Free Lunch continues

Euro USD — Anyone catch this move? I got whipsawed pretty bad yesterday night and this morning, now this...

The DIBS Method... No Free Lunch continues

New to trading and just found the thread, looks interesting. I was wondering when you have moves like this that are hitting levels that go back more than a decade, would you expect a good size retracement before continuing down? How would you ...

Karmo's trading strategy trading GBP/JPY

Understood, I was looking at the IB that had the green and red lines off of it and thought that was the IB you took, but I see now it was one of the IB's later in the day. 76/78% on the GU pair? I'd not heard that before, I'm going to look for that ...

The DIBS Method... No Free Lunch continues

When you say re'entry, did you get stopped out on the original trade? or do mean you added a position at the fibo level?

The DIBS Method... No Free Lunch continues

I took the gpdusd on a mini lot (10% of my account I know, I know, I broke my trading rule), but it paid off since there was a lot of confluence that seemed to scream going down down down. Hit 1:1 R/R, and free trade the rest and TP @ around the ...

The DIBS Method... No Free Lunch continues

My rule — I'm a noob trading for a short time, but I'll play a trigger candle up to 3 candles (4 max maybe). Ultimately the best trade, it has been mentioned, is when the next candle after the IB takes off either long or short.

The DIBS Method... No Free Lunch continues

USD/CHF was my bread and butter last week. Some great DIBS plays off that pair.

The DIBS Method... No Free Lunch continues

My home work for the weekend is going to be study S/R. I'll back through the tread and then check out what I can online. It sounds like S/R is something I need in my tool kit.

The DIBS Method... No Free Lunch continues