• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 2:35am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 2:35am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

The DIBS Method... No Free Lunch continues 11,327 replies

I drink your milkshake 19 replies

  • Rookie Talk
  • /
  • Reply to Thread
  • Subscribe
  • 106
Attachments: No Free Lunch but all the Free Coffee you can drink
Exit Attachments

No Free Lunch but all the Free Coffee you can drink

  • Last Post
  •  
  • 1 3233343536 Page 37
  • 1 343536 Page 37
  •  
  • Post #721
  • Quote
  • May 6, 2018 5:37am May 6, 2018 5:37am
  •  saidsadalla
  • | Joined Feb 2013 | Status: Junior Member | 4 Posts
the method still wording ????? any update????
  • Post #722
  • Quote
  • Oct 25, 2018 6:18pm Oct 25, 2018 6:18pm
  •  4FXsake
  • | Joined Jun 2008 | Status: Member | 325 Posts
OMG! 10 years since I have been here. Trade this method profitably to this day. Thanks Peter where ever you are.
  • Post #723
  • Quote
  • Nov 19, 2018 11:55am Nov 19, 2018 11:55am
  •  abacus23
  • | Joined Mar 2014 | Status: Member | 32 Posts
4FXsake,

I've only just finished reading the thread.

I am surprised if it still works after so long, usually the market has a way to stop methods when everybody knows them.
  • Post #724
  • Quote
  • Nov 20, 2018 4:17am Nov 20, 2018 4:17am
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 657 Posts
Are you a slow reader, its only 35 pages :-) :-)
  • Post #725
  • Quote
  • Nov 20, 2018 4:27am Nov 20, 2018 4:27am
  •  abacus23
  • | Joined Mar 2014 | Status: Member | 32 Posts
Spikehunter

It hasn't taken me 10 years. Ha Ha
  • Post #726
  • Quote
  • Nov 20, 2018 5:17am Nov 20, 2018 5:17am
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 657 Posts
I have started a re-read, must admit I originally read it while on holiday so it didn't really go in. Hope it doesn't take me 10 years :-)
  • Post #727
  • Quote
  • Nov 20, 2018 4:43pm Nov 20, 2018 4:43pm
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 657 Posts
I have added IB's to my current trading system and for ease of initial coding have used them on 15m charts. They seem to work very well. I have also highlighted them on the hourly so I can manually check those as well.
I have one question though about UP/DOWN days if anyone is around to answer it.

My understanding is as long as the Low is greater than the London Open, that's an UP day and High is less than Open for DOWN. So can a day go UP & DOWN in the same 24 hours?? I will read the thread again just in case no one left alive on the planet :-)
Happy to share my ideas. Also using Pivot levels, manually at the moment for trailing SL/TP.


FOUND IT
For the "Daily IBar Setup" or DIBS Method--- only take an upside breakout of an hourly inside bar if the breakout price is higher than the day's open and downside breakouts of an hourly inside bar only if the breakout price is lower than the day's open.



Just as a matter of interest I have been a member for 13 years under a different name.
  • Post #728
  • Quote
  • Nov 21, 2018 6:19am Nov 21, 2018 6:19am
  •  dustbin
  • | Joined Jan 2013 | Status: Member | 242 Posts
Quoting abacus23
Disliked
4FXsake, I've only just finished reading the thread. I am surprised if it still works after so long, usually the market has a way to stop methods when everybody knows them.
Ignored
The Market cannot stop methods from working. That statement has so many flaws. (but that does not mean I disrespect you. peace)

The Core concepts of the market/trading are the same. they are like the fundamental laws of physics. Find a LOW risk Entry with a higher chance of Multiple Rewards per unit of risk. Nothing can BEAT this. Nobody can go against your method of 5:1 Reward to Risk and be profitable.

Hope it makes sense.
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • Post #729
  • Quote
  • Nov 21, 2018 8:11am Nov 21, 2018 8:11am
  •  abacus23
  • | Joined Mar 2014 | Status: Member | 32 Posts
Quoting dustbin
Disliked
{quote} The Market cannot stop methods from working. That statement has so many flaws. (but that does not mean I disrespect you. peace) The Core concepts of the market/trading are the same. they are like the fundamental laws of physics. Find a LOW risk Entry with a higher chance of Multiple Rewards per unit of risk. Nothing can BEAT this. Nobody can go against your method of 5:1 Reward to Risk and be profitable. Hope it makes sense.
Ignored
Dustbin,

Many thanks for your comments, no disrespect here.

Quoting PeterCrowns
Disliked
{quote} If you can get to the point where you can survive 3 or 4 years of trading, barely breaking even or losing very little while trading a few times a week; you have much additional market knowledge built up. Then, when you find a decent, trading method and couple that with the ability "tradingwise", to chew gum and walk without falling down-- you can start making real money. -PeterCrowns-
Ignored
As Peter's quote above, I seem to be here in my trading life, breakeven.

What I make in trending markets, I then lose over the next month while it ranges, so on and so on, I have been trading directional breakouts.

I have read all of your posts, it's selecting which IB's to trade seems to be the key, not taking every signal.

Do you want to mentor somebody, I am willing to put the work in.

Well you have to start somewhere, here goes...

Attached are my thoughts of the main 5 today.
Attached Images (click to enlarge)
Click to Enlarge

Name: EURUSD-1-hour.png
Size: 67 KB Click to Enlarge

Name: USDJPY-1-hour.png
Size: 76 KB Click to Enlarge

Name: GBPJPY-1-hour.png
Size: 65 KB Click to Enlarge

Name: GBPUSD-1-hour.png
Size: 79 KB
Click to Enlarge

Name: USDCHF-1-hour.png
Size: 72 KB
  • Post #730
  • Quote
  • Dec 12, 2018 10:46am Dec 12, 2018 10:46am
  •  vgv8
  • | Joined Nov 2018 | Status: Junior Member | 4 Posts
This is a great thread, I just finished reading everything, without a doubt I learned a lot.

Thanks to PC and all those who have contributed, there are undoubtedly several missing pieces but we will get them on the road.

The effectiveness of the DIBS method has not changed?
  • Post #731
  • Quote
  • Dec 14, 2018 9:38am Dec 14, 2018 9:38am
  •  harvest3r
  • Joined Aug 2010 | Status: Forex sniper | 381 Posts
Quoting vgv8
Disliked
The effectiveness of the DIBS method has not changed?
Ignored
It is effective as long as you find a long term trend. Without a trend, you will be "cooked" very slowly.

It took me a while to understand that DIBS is more than simply exploring IB breakouts. DIBS uses IB breakouts in order to build positions, but that's not all. DIBS includes the "Infinite Yield" philosophy, so you are expected to keep all positions open "forever" (or until you see a clear reversion and close them). Without a good trend, even if you manage to build a number of winning positions, they will eventually get killed at BE or at relative small profits. Those profits might not be enough to pay for the many small losses.

It gets even worse when you enter too many positions during a ranging market: you have more losses than usual and the few profits get capped. Just check the monthly USDCHF chart and you will understand it.
"The reason I was born and came into the world is to testify to the truth."
  • Post #732
  • Quote
  • Sep 10, 2020 1:27pm Sep 10, 2020 1:27pm
  •  ArshedFx
  • | Joined Jul 2009 | Status: Member | 2 Posts
I come back in this tread after nearly a decade and I know Mr. Crowns has gone long ago.... still A big thanks to Mr. Peter Crowns
  • Post #733
  • Quote
  • Last Post: Feb 20, 2021 11:59pm Feb 20, 2021 11:59pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 5,704 Posts
Quoting ArshedFx
Disliked
I come back in this tread after nearly a decade and I know Mr. Crowns has gone long ago.... still A big thanks to Mr. Peter Crowns
Ignored
Not good enough, let's see some trade results pretty soon!

The two most powerful warriors are patience and time. Leo Tolstoy
  • Rookie Talk
  • /
  • No Free Lunch but all the Free Coffee you can drink
  • Reply to Thread
    • 1 3233343536 Page 37
    • 1 343536 Page 37
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2021