On my feed you are right by a pip, I took the trade anyway. ie short the e/u at 15430.

The DIBS Method... No Free Lunch continues

Jim, you are going to widen your s/l by some 6 to 7 pips every time. Whilst I don't have any better ideas, I would be surprised if that was Peter's approach.

The DIBS Method... No Free Lunch continues

I think a "chat site" at Trading Rooms has been set up already. Trading Rooms>Community Trading Rooms>DIBS It's a bit quiet at the moment.

The DIBS Method... No Free Lunch continues

Gotta love it. NAL you raised a point yesterday (I think) about having trades on the same pairs in both directions. It seems to me that as the objective is to have free trades "hanging about for as long as possible", there will be many times when a ...

The DIBS Method... No Free Lunch continues

Thanks for the replies guys. I was think along the lines of the perilous state of the US financial system. They can't reduce interest rates much more which would seem to leave an option of inflating their way out of trouble. I was wondering if CBs ...

Technical Analysis Fallacy

Could the same be said for oil?

Technical Analysis Fallacy

Missed the 1st one took the 2nd at 107.30, just working out where to move the s/l so I can go to bed!

The DIBS Method... No Free Lunch continues

Tg1234, on my 1hr chart the U/J had breakouts of inside bars at 09:00 gmt and 11:00 gmt.

The DIBS Method... No Free Lunch continues

A bit like Wyckoff's creek! Good one all the same Zoran.

Technical Analysis Fallacy

I'll have to find some charting software that allows me to set the time a daily bar forms.

The DIBS Method... No Free Lunch continues

That's correct. I follow one hour before, being the Frankfurt open, as for two hours I never did work that out, but I'm happy to take Peter's word for it.

The DIBS Method... No Free Lunch continues

As jim has already said, you contribution to this thread will be appreciated (if not your charts ) To me the beauty of what Peter has given us is not just the breakouts but the way he uses them. I think he has done so well for so long because he ...

The DIBS Method... No Free Lunch continues

Not having MT4 for a start. My understanding of DIBS is different to yours, which doesn't make mine right. Good luck with the EA.

The DIBS Method... No Free Lunch continues

I was hoping we could do that whilst staying on track. Would it be unfriendly of me to point out that we are not meant to be looking for breakouts at this time of day?

The DIBS Method... No Free Lunch continues

Sorry if I am out of line, but this thread seems to be running off the rails of late. This is meant to be about price action on the 1 hour charts, with a few pairs that we are told work well over the long term with the DIBS guide. People are now ...

The DIBS Method... No Free Lunch continues

Yes, take care Jim. The markets will still be here doing the same things whenever you are ready and so will we (god willing). No doubt when you are back your Grandmother will be helping you trade.

The DIBS Method... No Free Lunch continues

PinF how did you draw the days opening line? I have the 2nd last bar of your chart as a breakout bar. Didn't take it is it looks too choppy.

The DIBS Method... No Free Lunch continues

What about a weekend without smoking? You don't have to give up, light up again on Monday. Just experience the mindset need to get through to Monday without any pressure to never smoke again.

Technical Analysis Fallacy

Ahh yes I guess you did. I see you have quoted me before I edited an offending remark, humble apologises. Never the less ..

The DIBS Method... No Free Lunch continues

There are quite a few nasty posts like this appearing lately, in relation to people seeking clarification as to the timing used for the start of day. Unfortunately confusion rained for those in many parts of the globe asking the question so as to a ...

The DIBS Method... No Free Lunch continues