Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

The DIBS Method - No Free Lunch Returns 12 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

If you want confirmation, here it is.

Source: INSIDE DAY NR4 (ID/NR4) PATTERN TRADING GUIDE

Attachment 3997329
So we don't just need an "inside day"--we need an inside bar that has the narrowest range
of the four previous bars.

Attached Image (click to enlarge)
Click to Enlarge Name: CUTIE white blouse, blue jeans, slicked back hair.jpg Size: 56 KB
Life happens at the level of events. Trust only movement. - Adler
Attached Image (click to enlarge)
Click to Enlarge Name: InsideDayNR4CatchingaBreakout.jpg Size: 375 KB

This is a chart showing various IB setups on a daily chart.

And here is the requisite girlie pic:

Attached Image
Life happens at the level of events. Trust only movement. - Adler
Quoting blunderbuss
If you want confirmation, here it is. Source: INSIDE DAY NR4 (ID/NR4) PATTERN TRADING GUIDE 3997329 So we don't just need an "inside day"--we need an inside bar that has the narrowest range of the four previous bars. {image}
Thanks for the link, I was aware of the breakout entry, and I do check the lower time frames as suggested

I'm all over the IDNR 4 & 7

Cheers

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-07-26_6-22-30.jpg Size: 408 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-07-26_6-22-55.jpg Size: 482 KB
Maximize wins, minimize loss, stay in the game as long as you can
Quoting smikester
Trading conditions are better now for this method. This one's for you, Constantino. Thanks for reminding me... (And Mingary) {image}
Hello smikester,

Do you trade through the extended periods of consolidation/choppiness (you mentioned last year was particularly difficult)? Or do you have an approach which keeps you out of the market at these times?
Hello all --

Just out of curiosity, I have been following a price of KC1 Coffee Futures from the CME
and back-testing it to see how profitable it would be using the Turtle-trading method.
Those charts are on display in this thread:
Futures: Energy, Metals, Grains, Soft, Indices, Rates | Page 18 | Forex Factory

I found some valid long entry and exit points, but then I wondered whether DIBS would
work trading futures, so I looked for IB setups on my daily chart. To make a long story short,
I quickly found three of them. They are circled below.

Attached Image (click to enlarge)
Click to Enlarge Name: KC1!_2021-10-25_23-17-32.png Size: 145 KB

So this method is not just applicable to forex markets (which experienced traders already knew).
This is proof that the DIBS method is perhaps an advantage even over the highly-touted
Turtle Trading method.
Life happens at the level of events. Trust only movement. - Adler
Hi guys, i'm new here, where are the indicators?
Quoting Ppin12
Hi guys, i'm new here, where are the indicators?
Have you read any of the recent posts?

https://www.forexfactory.com/thread/...8#post13507638

Maximize wins, minimize loss, stay in the game as long as you can
The DIBS method on coffee futures, KC1.

Attached Image (click to enlarge)
Click to Enlarge Name: KC1!_2021-12-05_13-42-47.png Size: 174 KB
I wanted to see whether this trend-following method would apply to other markets.
I've read other traders use DIBS for trading oil and PMs, but I had no back-testing
of my own to refer to... until now.

The chart shows the various several DIBS entry points since July 1, 2021. The first
one is dubious, depending on where you put your stop loss: if you put it at the low
of your inside bar, you would get stopped out. But if you put it at the low of your
previous bar, you would not get stopped out, and would capture a larger percentage
of the move. (This DIBS entry is marked with a red balloon.)

Of course, if you had gotten stopped out, you would have had another ideal DIBS
trade entry a few days later (marked with a yellow text bubble). There were six
solid DIBS entry points in this chart, all of which were driven by an upward trend
which was attributed to "transitory" inflation.

There is little reason to gamble on cryptos when you have such clear signals and
a clearly-defined trend in a popular market.
Life happens at the level of events. Trust only movement. - Adler
Quoting blunderbuss
The DIBS method on coffee futures, KC1. {image}I wanted to see whether this trend-following method would apply to other markets. I've read other traders use DIBS for trading oil and PMs, but I had no back-testing of my own to refer to... until now. The chart shows the various several DIBS entry points since July 1, 2021. The first one is dubious, depending on where you put your stop loss: if you put it at the low of your inside bar, you would get stopped out. But if you put it at the low of your previous bar, you would not get stopped out, and would...
Did you filter for trend direction?

Quite a few Inside Days were skipped, Oct 13 and 14, Nov. 2 and 4 in case you ask

Maximize wins, minimize loss, stay in the game as long as you can
Quoting Erebus
{quote} Did you filter for trend direction? Quite a few Inside Days were skipped, Oct 13 and 14, Nov. 2 and 4 in case you ask
Way back when I started I mentioned that (i) I was actually going to back-test
the prices using the Turtle Trading method (which I was reading about at the time)
and (ii) I was only going to focus on longs at first. (I am not a full-time trader,
so I was tracking the prices after work.)

Attached Image (click to enlarge)
Click to Enlarge Name: COFFEE BEANS banner.jpg Size: 82 KB
Life happens at the level of events. Trust only movement. - Adler
HAPPY NEW YEAR

Tuesday was the day



Attached Image (click to enlarge)
Click to Enlarge Name: 2022-01-01_10-34-02.jpg Size: 443 KB
Maximize wins, minimize loss, stay in the game as long as you can
EURUSD Inside Day working nicely

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-02-24_13-44-05.jpg Size: 321 KB
Maximize wins, minimize loss, stay in the game as long as you can
That one sure worked

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-06_15-09-49.jpg Size: 306 KB
Maximize wins, minimize loss, stay in the game as long as you can
It's not that difficult when you trade with the Trend.

Over 500 pips on 27th Apr '22 Sydney time.
Increased account over 60%

Attached Image (click to enlarge)
Click to Enlarge Name: SnippingTool_01dp7Lu4Oi.png Size: 348 KB
In the days of old when sailors were bold, and seldom if ever contented.
A new day begins on a good note!

28th Apr '22
Attached Image (click to enlarge)
Click to Enlarge Name: SnippingTool_Aw2gwdOllI.png Size: 190 KB
In the days of old when sailors were bold, and seldom if ever contented.
BOOYAH, Inside Day really isn't an indicator method, it's a level determined by price only

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-17_9-02-52.jpg Size: 363 KB
Maximize wins, minimize loss, stay in the game as long as you can
You had 1 job...



Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-02_6-48-36.jpg Size: 347 KB
Maximize wins, minimize loss, stay in the game as long as you can
Quoting jarroo
This is a continuation of the DIBS Method which was started at the No Free Lunch but all the coffee you can drink thread. http://www.forexfactory.com/showthread.php?t=56907 The bottom of the page is all of Peter's posts, thanks to doubletop. It is a must to read and study the above thread to be current with this thread. I would like to thank NowAndLater for putting this together. Opening time I think MPP sums it up nicely: 0600GMT is always 0600GMT. GMT and UTC never move all other times are +/- of GMT/UTC. ie london is currently...
This thread is a classic. I remember reading posts from Peter Crown from many years ago. I think I'm going to try to revisit this trading idea again after reading the 1st post. Although PC said that his method works best during London session using H1 I believe this idea can be expanded using a bigger time frame such as the H4 time frame and the weekly time frame as the back drop. I think there is just a lot of inside bar indicator available in any trading platform and this one is probably one of the most used over at TV. What do you guys think?

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 08.png Size: 16 KB
If you want to make a lot of money, go to where money is in abundance.
0 traders viewing now