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  • #11,321
  • Jan 21, 2021 1:59pm Jan 21, 2021 1:59pm
Quoting nevie2
{quote} Yes very much so. If you actively traded this in during the last years/months send me a message, would be nice to hear how other people have fared in trading this. Last couple of months this strat has been extremely profitable, but then again, which trend following breakout strat hasn't... some of the easiest market conditions i've ever seen
Do you update your earlier journal ( 2015)?
every Saint has a past. Every Sinner has a Future
  • #11,322
  • Feb 4, 2021 11:18pm Feb 4, 2021 11:18pm
Quoting Razor_trader
{quote} Born and Bred in WA, currently reside just south of Perth but would love to live further north like Broome or Coral Bay. Both great fishing and diving spots. Razor Max
Hi Razor
Are you still living SOR in Perth? Are you still trading, I'm in Hamilton Hill.
  • #11,323
  • Feb 14, 2021 2:46am Feb 14, 2021 2:46am
Hope you all got the easy pips on Friday

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It takes a lot for me to IGNORE you, but you can try.
  • #11,324
  • Feb 14, 2021 2:48am Feb 14, 2021 2:48am
Inside Day was the inspiration for the Asian session buy on Thursday

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  • #11,325
  • Feb 14, 2021 8:49am Feb 14, 2021 8:49am
Hi Erebus, can u share your template and indicator that you used, thanks
  • #11,326
  • Feb 14, 2021 1:30pm Feb 14, 2021 1:30pm
Quoting adekscoty
Hi Erebus, can u share your template and indicator that you used, thanks
There is nothing better than doing something by yourself and making it your own

That's not to say I won't help you

The main thesis of that chart is the Inside Days Narrow Range 4 & 7 - this is a paid-for indicator and found on mql5.com

Or in the Market tab of MT4 - and if you don't know where that is, you are amateur only, time to learn how to use Metatrader before trading

The indicator for ADR, AWR, AMR is also paid for, both are highly recommended (by me)

The indicator for identifying the days of the week is right here on FF, by Hanover, an esteemed member and very helpful and modest (unlike me)

https://www.forexfactory.com/thread/...9#post13138699

It has to be applied 5 times, once for each day, my settings are shown for Wednesday

See how you go with that, then send me a PM, for further enquires and help

Waltsoft RNB (Round Number) is also found in the Market tab but it's free.

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  • #11,327
  • Feb 14, 2021 2:37pm Feb 14, 2021 2:37pm
And if your account is smaller than the price of those indicators, it is still easy to spot the Inside Day Narrow Range 4 & 7

Daily Line Boxes(1) has the pip range for easy identification, how good is that?

And cheap too

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  • #11,328
  • Feb 20, 2021 11:11pm Feb 20, 2021 11:11pm
To be sure, I haven't read the complete thread, I always thought the D in DIBS was for Daily

But now I have read some of Peter Crown's material, apparently, it's okay to trade a 1-hour Inside Bar

And it is above the Daily open; of course, with him being a guru, he has his own special definition of opening time.

Anyway, no one can dispute that Friday gave some great opportunities

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  • #11,329
  • Feb 27, 2021 2:17am Feb 27, 2021 2:17am
Did anyone catch some inside 1-hour signals on the way down?



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  • #11,330
  • Mar 6, 2021 2:41pm Mar 6, 2021 2:41pm
Retail traders, professional speculators, money managers, hedgefunds and so from time to time they place the STOP at yesterday's high or low. (not saying this is stupid). this is because some of the systems/approches to the market are just designed like that.

Today's Price will break yesterday's low, high or both .Today's Price will not break yesterday high or low. (sometime because just noise/random action or really some sh*t it's happening just don't think to much about it)

This trick it's not the holy grail but it's very close to a very, very small edge

Define the long term trend on daily and trade only in the direction of the percived trend
For long reverse for short
Next day after an inside day go to intraday chart
Your reference point is the first 1h candle of the curent day
After the first hour of the day price breaks below the low of the reference point (dosen't matter if this happens after 2 hours from open or after 6,7 or so)
Buy when price reverse and breaks the highes high in the current sesion (sometimes is the high of the first 1h candle sometimes price climbed higher)
Don't open a position if all of this happens in the first 4 to 6 hours it's best to open position after half of the trading sesion passed.

STOP at 2x the distance from the entry and low of the day
Pyramid 2 more times only when price climbs half of distance made from low to entry. Stops on pyramid should have same rule 2x from entry (use the turtle rules to pyramiding but don't add 4 times like they used to do)

This is not a common pattern but don't bet the farm on this concept it still fails a lot of time.
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Price itself it's an indicator
  • #11,331
  • Mar 6, 2021 3:03pm Mar 6, 2021 3:03pm
Quoting m3rlin
Retail traders, professional speculators, money managers, hedgefunds and so from time to time they place the STOP at yesterday's high or low. (not saying this is stupid). this is because some of the systems/approches to the market are just designed like that. Today's Price will break yesterday's low, high or both .Today's Price will not break yesterday high or low. (sometime because just noise/random action or really some sh*t it's happening just don't think to much about it) This trick it's not the holy grail but it's very close to a very, very...
P.S. even with the rules above i play this setup with different % risk allocated depending on the intrument traded. if i trade currencies i use certaint percentage of risk but if i play commodities i use a higher percentage (yes it's wrong but i know it). As Soros says you need to know when to break the rules.

Bearish markets in commodities are defined by price breaking fast and with huge moves, bullish markets go up slowly with small variations. Agricultural commodities act different from metals and oil a little bit, don't forget about seasonality patterns, gaps and limit up days. This is the reason behind different risk % allocated.

P.S.S. this is are just my beliefs
Price itself it's an indicator
  • #11,332
  • Mar 19, 2021 7:04am Mar 19, 2021 7:04am
Quoting edge540
{quote} "hello dear" I think "Hello there" might be more appropriate. Did you not read my previous post?This method is like all other forex trading methods....a guaranteed loser.
You're 100% wrong.

I have traded this since 2012. And I still trade it and will continue to trade it. Based on statistical modelling it has a 1.22 PF. I won't say more. Go do your stats.
cheers
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #11,333
  • Mar 19, 2021 7:10am Mar 19, 2021 7:10am
Quoting dustbin
{quote} You're 100% wrong. I have traded this since 2012. And I still trade it and will continue to trade it. Based on statistical modelling it has a 1.22 PF. I won't say more. Go do your stats. cheers
but a 1,22 profit factor is very low.

i would prefer trading approaches with a pf over 2. below i dont touch them anymore...
trading is like dancing, don't think and just listen to the music!
  • #11,334
  • Mar 25, 2021 6:09am Mar 25, 2021 6:09am
Quoting birdland
{quote} but a 1,22 profit factor is very low. i would prefer trading approaches with a pf over 2. below i don't touch them anymore...
1.22 profit factor is not small if the testing period was 35 years. Markets have its swings both longer and shorter term.

Sure if you test the last 6 months, your PF will be way above 2.0.

If you can find a method with 2.0 PF and above, feck this method. I could not find it in 15 years of trying. Care to share?
Meanwhile, I'm short EUR/USD from 18 March and 23 March. Free Trades Running nicely. (trailing the 20EMA on D1 chart) (no need to post chart, check yours)
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #11,335
  • Mar 26, 2021 2:19am Mar 26, 2021 2:19am
Quoting birdland
{quote} but a 1,22 profit factor is very low. i would prefer trading approaches with a pf over 2. below i dont touch them anymore...
pf over 2 is delusional.
on average professional fx trader's pf are around 1.1-1.7

1.7 being extremely squeezing out the market with the minimum risk.
Steps to profitability: Collect data, money management, stay bored
  • #11,336
  • Mar 26, 2021 2:32am Mar 26, 2021 2:32am
note to people who just found out about DIBS, DIBS is just a way to enter the market and that

YOUR ENTRY METHOD ISN'T THE PROBLEM.

You not following the trend is the problem.

I have a on average slightly above 60% win rate and an average of 1-to-1 risk to reward ratio and am consistently profitable (I also follow the trend, only that I close 75% of my position on 1R and let 25% of it run until infinity)

or you can have an average 30% win rate with an average of 3-to-1 risk to reward

either way, you are making the same amount.

the question is whether you like to win or do you like to make big sums of money but lose more?

it's like owning a thrift shop (more demand, less margin) or a Jewelry store (more margin, less demand)

which suits u better?

if you prefer owning a thrift shop then you should aim for better win rate than rr.

if you prefer owning a jewelry store then you should aim for better rr than win rate.

NOTE: you can't have both high win rate and high rr, this is a wrong mindset commonly found on newer traders.

I know a guy who has 79% win rate with avg. rr of 0.39-to-1 with pf of 1.4 (and he is consistently profitable)
Steps to profitability: Collect data, money management, stay bored
  • #11,337
  • Mar 31, 2021 9:57am Mar 31, 2021 9:57am
Quoting dustbin
{quote} 1.22 profit factor is not small if the testing period was 35 years. Markets have its swings both longer and shorter term. Sure if you test the last 6 months, your PF will be way above 2.0. If you can find a method with 2.0 PF and above, feck this method. I could not find it in 15 years of trying. Care to share? Meanwhile, I'm short EUR/USD from 18 March and 23 March. Free Trades Running nicely. (trailing the 20EMA on D1 chart) (no need to post chart, check yours)
for example:

https://www.forexfactory.com/thread/...3#post13476863
trading is like dancing, don't think and just listen to the music!
  • #11,338
  • Apr 22, 2021 10:53am Apr 22, 2021 10:53am
Quoting Erebus
To be sure, I haven't read the complete thread, I always thought the D in DIBS was for Daily But now I have read some of Peter Crown's material, apparently, it's okay to trade a 1-hour Inside Bar And it is above the Daily open; of course, with him being a guru, he has his own special definition of opening time. Anyway, no one can dispute that Friday gave some great opportunities {image}
Erebus,
which indicator are you using to identify and highlight DIB

tnx
  • #11,339
  • Apr 22, 2021 3:09pm Apr 22, 2021 3:09pm
Quoting Antny
{quote} Erebus, which indicator are you using to identify and highlight DIB tnx
Do you know the Market tab in MT4?

If not, you must learn, some clues in the picture

If yes, then you can find easy

Good luck



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  • #11,340
  • Jul 15, 2021 8:51pm Jul 15, 2021 8:51pm
Quoting Erebus
To be sure, I haven't read the complete thread, I always thought the D in DIBS was for Daily But now I have read some of Peter Crown's material, apparently, it's okay to trade a 1-hour Inside Bar And it is above the Daily open; of course, with him being a guru, he has his own special definition of opening time...
Based on some earlier entries in this thread, it appears that Crowns called it the Daily Inside Bar System because you first have to check the daily charts of the four major pairs he discussed and then find situations where the daily bar for (yesterday) was completely contained within the bar for (the day before). Then we are supposed to start hunting for hourly IBs. (Somewhere in this thread are mentions of the real names of the DIBS method, namely, the ID/NR4 and the ID/NR7 method. The "ID" refers to Inside Day.

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