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- ChowClown replied Jun 20, 2008
He didn't say (again, from memory), but i will be using an open in the opposite direction....will be, as i have yet to have a decent runner
...early days for my live DIBs trading though 
The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
As NAL says, the main reason DIBs works long haul, is the longevity of the free runners, so no time based closing on those, they get stopped out by the initial stoploss, at the opposite side of the IB (of origin). For runners that are piling on the ...
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- ChowClown replied Jun 20, 2008
Hi Bill, Peter posted he had a preference for GBP/USD (from memory), so might be a good place to start. ...yep, IBs from 6am - 4pm, so session(s)...apologies. Good luck.
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- ChowClown replied Jun 20, 2008
...without testing thoroughly (and note PC's comments about backtesting DIBs) my guess is that taking every IB would result in a downward equity curve over a decent sample of trades. Peter's advice on what to filter the IBs against (first 9-10hrs of ...
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- ChowClown replied Jun 20, 2008
...well, we don't know (Peter probably does
) It's best not to over analyse this imo. Our focus is on getting the orders in to cover both sides of the early IBs you describe, for the market to pick up in whatever direction. Having 'hot hand' clues ...The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
...EJ just stopped out. I'll enter long again off the same IB if it triggers. Edit: ....weekend beckons. Today's GU and AU longs now "free" and if the EJ long isn't triggered by 16:00 (UK), i'm off.
The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
Hourly EJ long IB now printed.
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- ChowClown replied Jun 20, 2008
Hi, no reason why the setup can't be exploited imo...just not something advocated by the DIBs approach.
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- ChowClown replied Jun 20, 2008
OK, you're using the 'structure' approach rather than trailing somehow. My preference too.
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- ChowClown replied Jun 20, 2008
...how do you manage the free rider interday, like your GU long from yesterday?
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- ChowClown replied Jun 20, 2008
...you quickly learn how important it is to take all the small losses...you have to be in it, to win it!
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- ChowClown replied Jun 20, 2008 Jim....out of interest, what's your preferred exit strat these days? Hope you don't mind my asking.The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
Yes, b/e trade on Yen for me. Next bus along soon.
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- ChowClown replied Jun 20, 2008
No, it failed the 1st post definition of an IB by 1 pip on Oanda
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- ChowClown replied Jun 20, 2008
I'll take both sides when it straddles. Took the loss on the short and now long.
The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
GU IB straddling the 6am open.
The DIBS Method... No Free Lunch continues
- ChowClown replied Jun 20, 2008
...yes and free riding now, so it can do what it likes
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