@Razor_trader
I don't use this method. Nevertheless, I understand why some traders express their doubt and are searching for more.
It insults my intelligence when someone says that this method is perfect and there's nothing you can add to it. My mind can't accept that there's no some filter out there which will remove a few bad trades every month. That would be enough to make it clearly profitable in the short run AND in the long run.
PC said that he knows that some breakouts have a bigger chance of winning. Therefore he can increase the lot size when his experience tells him so. Maybe this is his way of winning more on some trades. Why is he allowed to do it but when some other trader tries to improve his edge by filtering you and others consider that this is some sacriledge against the perfect system?
DIBS is not a religion. I'm 101% convinced that anybody who trades it succesfully BENDS the rules. Filters, averages, discretionary lot sizes, S/R, you name it. I also know some adjustments which are profitable in the long run. I just don't disclose them.
And I'm sick of hearing that the lack of discipline is the main cause of failure. No, it is the lack of an edge. Without discipline you'll blow your account faster, with discpline you'll blow it slower if you don't have an edge. And it is hard to see the edge of this method as long as the entry and the stop loss hardly have some fundamental meaning.
So my advise for everybody is: bend the rules and find your own method of increasing the odds. It is available for all the systems presented on this forum.
I don't use this method. Nevertheless, I understand why some traders express their doubt and are searching for more.
It insults my intelligence when someone says that this method is perfect and there's nothing you can add to it. My mind can't accept that there's no some filter out there which will remove a few bad trades every month. That would be enough to make it clearly profitable in the short run AND in the long run.
PC said that he knows that some breakouts have a bigger chance of winning. Therefore he can increase the lot size when his experience tells him so. Maybe this is his way of winning more on some trades. Why is he allowed to do it but when some other trader tries to improve his edge by filtering you and others consider that this is some sacriledge against the perfect system?
DIBS is not a religion. I'm 101% convinced that anybody who trades it succesfully BENDS the rules. Filters, averages, discretionary lot sizes, S/R, you name it. I also know some adjustments which are profitable in the long run. I just don't disclose them.
And I'm sick of hearing that the lack of discipline is the main cause of failure. No, it is the lack of an edge. Without discipline you'll blow your account faster, with discpline you'll blow it slower if you don't have an edge. And it is hard to see the edge of this method as long as the entry and the stop loss hardly have some fundamental meaning.
So my advise for everybody is: bend the rules and find your own method of increasing the odds. It is available for all the systems presented on this forum.