I have a high of 1.9543 so far, and my SL was set to 1.9546, I wonder if my broker (IBFX) adds the spread. THat would have been 1.9547, and my SL would have been hit Going to call them now. Rusty

The DIBS Method... No Free Lunch continues

Well.... The 11:00GMT DIBS for GBPUSD short and AUDUSD short stopped out, the CADUSD long is close to stop out. Seems to be a bad day for me. Only one left is the GBPUSD short from 8:32GMT. Now I know the GU was not a great trade, it would be ...

The DIBS Method... No Free Lunch continues

Cable DIBS? — Hey everyone Anyone go short on GBPUSD @ 1.9550, say 8:30 GMT or so? Rusty

The DIBS Method... No Free Lunch continues

Looks like the support held, and then some Too bad I am sitting on the sidelines at 'work' Rusty

The DIBS Method... No Free Lunch continues

I originally thought that is what everyone was talking about, 'playing off the open'. I haven't really look into it though, but it might hint of something. As it is a 24 hr market, surely some 'big' players must get up early? yes? Rusty

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OK, so I think I am getting warmer. So just say the 4:00 gmt bar on your chart was just a few pips lower, making the 5:00 bar an IB, would you then be able to call it playing off the open? still taking the short? Rusty on edit: Jarroo, I see you ...

The DIBS Method... No Free Lunch continues

When you say "off the open" can you explain? Rusty

The DIBS Method... No Free Lunch continues

Jarroo, Back to this playing an early IB (say 4:00gmt) off the open of 6:00gmt. How does one determine the direction of the play? Do you check a higher time frame? Or if the open is higher then the early IB , go long, and just the opposite if the ...

The DIBS Method... No Free Lunch continues

Just the reverse here, got the Euro, missed the USDJPY. maybe the tide is turning a little? Rusty

The DIBS Method... No Free Lunch continues

Chart for post # 4202 — From post # 4202 OK, an error it was actually the 1H chart, but you can still see the channel, an IB appeared at the lower edge at 08:00gmt, I should have been watching and closed when it it the upper edge, but I wasn't ...

The DIBS Method... No Free Lunch continues

Little better then break even — What I have been doing lately to gain some $$ while allowing the free portion of the DIBS trade to run free is put in 2 orders, with a different lot size. For example: This morning USDCAD 2 orders long @1.0221. ...

The DIBS Method... No Free Lunch continues

Jarroo, In these choppy times, does the shorter TF help out with some short term trades? I have been trying to follow this on the 1H, but not quite breaking even yet. i don't doubt the system, just haven't tried it on anything else but the 1H. ...

The DIBS Method... No Free Lunch continues

Thanks, I'll look it up Rusty

Forex chart anaylsis

Stronger IB Breaks?? — As a thought.... If an IB is withen the open - close range of the previous bar, not just the high - low , is there any increase in the strength of the break?? Rusty

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JohnnyKanoo, since I am still learning all this, when makes an OB speecial? Rusty

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GBP USD Free Ride — Did anyone short GBPUSD around 10:00 GMT? If you did it would be a free ride now ! Rusty

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Chowclown, were you looking to go short or long? Rusty

The DIBS Method... No Free Lunch continues

If you still have the money in the account to cover the loss and the margin requirement, I see no reason for the broker to close them out for you, if you want to keep giving him your money, they are more then willing to take it from you. Now if you ...

Trader, What would be your average time holding on to a position before closing it?