I never use 0:00GMT for the daily open, although this has been tested for the JPY-pairs with some good results I believe. I'm in the UK so I'm happy with PC's daily open, wouldn't get much sleep otherwise...

The DIBS Method... No Free Lunch continues

My daily open is from the hour before. It won't matter much in the long run, and so what if you missed one trade? No biggie mate. I have the same daily open as PC, how do I know? Check out the link to one of my posts on the first post of this ...

The DIBS Method... No Free Lunch continues

Just one thing here brother: I know what you mean by DZ but I think a lot of other on this thread don't, so maybe mention the fib levels instead just so people won't wonder what you mean and think that it's part of this strategy and get confused? ...

The DIBS Method... No Free Lunch continues

Excellent setup. Remember guys what PC said: the eariler on the day we get in the better are our chances. So both this and UJ has been textbook so far.

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Print it and frame it my friend! This was a clean break. I was looking at other things (working on another system as well which looks very good) and wasn't looking at UJ at all untill I saw the break and that's when I draw the lines.

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The daily open is the open price of the aqua line at the 7 o'clock bar. The previous bar was an IB with the range of the two lime lines (the two yellow lines was the tight range UJ was in). Our daily open broke the IB to the downside below the daily ...

The DIBS Method... No Free Lunch continues

My IB was 107.95-107.87, spread is 3 pips, risk is 8+2+3 = 13 pips, entry would have been 107.86, 1:1 is 107.73 and it's a free bird (too bad I missed it)

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It was a good short I believe I missed it though. UJ had been in a range between 108.06-107.84 from 1500GMT yesterday to 700GMT today (25 min ago). A nice DIBS, which also can be seen on H4.

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Read all of PC's posts? It's not so hard to find... And do read them over and over again, you discover something new everytime.

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Nope it's good. I personally didn't take because UJ hasn't been on my mind today as it has not been the hot hand. Anyway, was stopped out on EU with BE, only dibs-trade left is GU which is looking to break upwards. I've moved my stop to below the ...

The DIBS Method... No Free Lunch continues

You mean you took it of the IB from 3 hours ago that formed after the big up bar?

The DIBS Method... No Free Lunch continues

My IB range was 1.9688 to 1.9660, spread is 3 and I add 1 pip to each side. This gives 88-60+2+3 = 33 pips stop. Buystop at 1.9689 with 1:1 at 1.9689 + 0.0033 = 1.9722. Highest price on my chart is 1.9727. The reason I went for the 2/3 after 1:0,5 ...

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It seems to have been good for quite some years now I would say... EU closed 2/3 and free.

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Yes another beauty. I'm gonna make a checklist later today and have it next to my pc (pc = not PeterCrowns, computer ) so I make sure I do everything right and don't miss these higher timeframe trades, among other things that I usually look ...

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Nice figures Sky, about where I'm at actually, very nice man! You have closed 50% at 1:1 and moved stop to BE, and the you say "until I will be stopped out with a good profit or no loss". If you've moved your stop to BE you will have "good ...

The DIBS Method... No Free Lunch continues

I've read all of his posts at least 3 times now. And some of them I've read even more, and still I go back to see if I can understand more. The more I do it on my own and then go back and see what PC wrote, the more I get these "Aha - I understand ...

The DIBS Method... No Free Lunch continues

Looking at USDCHF M30 timeframe there was that IB that didn't close as IB on H1. Hmmm, maybe sometimes look there as well. It was just below the falling TL that it tried to breakout from. Oh well we don't need them all, and H1 timeframe is less ...

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Good eyes baz! Longer timeframes are very important.

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Sent you a PM

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I'm with you brother, just closed 2/3... 1/2 at 1:1 also reached... nnnnnnnnnnice! (for you who did that)

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