Would assume that the bar in the picture is NOT a BUOB right?

james16 Chart Thread

I am fine with taking these bars except that I was confused about where the PPZ and confluence should be. Just to check, for a BUOB, does price have to be in an uptrend (continuation) or can it act as a reversal pattern too like what Jaroo showed.

james16 Chart Thread

Thank you I understand it better now.

james16 Chart Thread

How do you guys play BEOB or BUOB? Is is following the break of the bar or at the close of the bar? IF it is a bUOB, where should the PPZ be?

james16 Chart Thread

Guys just wondering if there is a post in this LONG LONG THREAD of how you guys set up your charts daily. Like for example: Daily Fibs are looked for on the D1 and W1 time frame PPZ on D1 and W1 are drawn Trendlines are drawn Pivots added in ...

james16 Chart Thread

Took this BEOVB trade on EURUSD H4. Is there anything I should have looked out for or why I should not go into this trade? Thanks and looking forward to advice.

james16 Chart Thread

Guys sorry but want to understand this portion more Is this valid fib confluence even when 1 is looking for resistance and the other support?

james16 Chart Thread

Am I wrong to draw it like that? Am I drawing just too much fibs? P.S. I am trading off the H4 timeframe so I will be zooming in much more than this D1 time frame I show

james16 Chart Thread

Thanks for the answer. But I got a question: If we drop from high to low and Low to high and there is 2 fibs that meet ( 1 from the High to low drawing and 1 from the low to high drawing) Is that still considered confluence?

james16 Chart Thread

Question to all:

james16 Chart Thread

Yeh I understand. Everyone has their own way of trading Just wanted to get some ideas on how to incorporate DIBS with the Support and resistance. Thanks for your explanation.

The DIBS Method... No Free Lunch continues

Thanks for that answer. Does it mean as icarus puts it that if it is not able to hit 1:1 before hitting possible resistance, trade will not be taken or entry will be placed above the resistance level?

The DIBS Method... No Free Lunch continues

Guys I got another question for everyone Do you trade with Support and resistance for DIBS IF there is a Major Resistance and you get a DiBS BUy trade just below it, do you still take that trade? We are trading breakouts so would it be logical to ...

The DIBS Method... No Free Lunch continues

Hi Guys, Seldom do I post in the main forum but would like a few suggestions. What filters do you guys use other then the Daily Trend - Buy only if Above daily open and sell only if below daily open. Would like to just see what other traders are ...

The DIBS Method... No Free Lunch continues

Hi Razor, Thank you for the explanation. I understand what is the free trade but what I was referring to is that if you do not even hit the 1:1 Free Trade Take profit level - you will lose all 2 lots and that is what I get from forward testing. 4 ...

The DIBS Method... No Free Lunch continues

Would it not be a problem with this system if: You take the total 3 lots stop loss and you lose 3 lots. But if you go up and hit the take profit limit of 1:1, you only gain 1:1 and 1 lot is free to continue. This will proof a problem if your win ...

The DIBS Method... No Free Lunch continues

Just to share this trade I took with USDJPY — I was in USDCHF too but took the profits too early by moving my stop closer and got stop out at 223 pips profit I am still in USDJPY and currently at 435 pips profit Took 2 lots and made 22 pips ...

The DIBS Method... No Free Lunch continues

Trading the "hot hand": Trading the strongest/weakest market is actually really simple. For example, yesterday the Eur/Usd was up more proportionately than the Usd/Chf was down. This was because the Usd/Chf wasn't even a down day. Definitely off its ...

The DIBS Method... No Free Lunch continues

Let me check that out Sounds good.

The DIBS Method... No Free Lunch continues