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The DIBS Method... No Free Lunch continues

  • #11,381
  • Apr 17, 2024 3:14am Apr 17, 2024 3:14am
Quoting Erebus
Someone asked how to make that chart so beautiful? Lots of indicators, utilities, and years of experience is all it takes. {image}
hallo again erebus,

for indicator IDNR4 & 7 pair radar, is it paid indicator?
i already search in forum, i cant find it.
thanks for your sharing, its beautiful chart
  • #11,382
  • Apr 17, 2024 5:44am Apr 17, 2024 5:44am
Quoting sngalih
{quote} hallo again erebus, for indicator IDNR4 & 7 pair radar, is it paid indicator? i already search in forum, i cant find it. thanks for your sharing, its beautiful chart
Perhaps read a few pages back and you will get the answer you are looking for....
  • #11,383
  • Apr 17, 2024 6:44am Apr 17, 2024 6:44am
Quoting sngalih
{quote} hallo again erebus, for indicator IDNR4 & 7 pair radar, is it paid indicator? i already search in forum, i cant find it. thanks for your sharing, its beautiful chart
After the forum, next stop is the Market Tab in MT4 or search -

https://www.mql5.com/

Advertising will get me banned, and I hate that, as I'm not selling anything.

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #11,384
  • Jul 3, 2024 10:50pm Jul 3, 2024 10:50pm
hihi all,
Used to frequent FF. Work got in the way, and I forgot my old login.

I read Peter Crowns' work AGES back (more than 10yrs).

What I took away from DIBS is,
(1) Find the whichever instrument is moving
(2) Get on board with whichever method you can live with
(2a) Get out of 1/2 @ 1:1
(3) Trail it out until you get stopped out
(4) Repeat "(2)" to add on

Important:
It works best from pre-London to New York. Works on AUD, NZD & JPY from Wellington to Tokyo close for those pairs too.
.
Own experience: The 1:1 = Risk Free, is extremely liberating. No babysitting trades, whatsoever. This is perfect when you have the-rest-of-life to contend with.

I work these principles on the 4hour cause I dont want to be glued to the screen.
I can't do the Inside Bar thing (not enough confidence), but hey, it still works overall.

Just wanted to share some of the experience I've had with DIBS.
  • #11,385
  • Jul 4, 2024 12:48am Jul 4, 2024 12:48am
DIBS is nice, but a profit factor of 1.21 (or 1.27 without 1:1 trades) after more than 18.000 trades in a simulation is weak and not worth to trade it.

you should at least aim for profit factor 2 with your approach.
trading is like dancing, don't think and just listen to the music!
  • #11,386
  • Jul 4, 2024 4:38pm Jul 4, 2024 4:38pm
So many signals, so few dollars



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It takes a lot for me to IGNORE you, but you can try.
  • #11,387
  • Jul 4, 2024 8:55pm Jul 4, 2024 8:55pm
Quoting Erebus
So many signals, so few dollars {image}
What indicator are you using for your currency scoring/ranking please?
  • #11,388
  • Jul 5, 2024 5:17pm Jul 5, 2024 5:17pm
Quoting Cyrilus
{quote} What indicator are you using for your currency scoring/ranking please?
Not sure what is meaning of scoring; here is everything on that chart.

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It takes a lot for me to IGNORE you, but you can try.
  • #11,389
  • Jul 8, 2024 6:01am Jul 8, 2024 6:01am
Quoting Erebus
{quote} Not sure what is meaning of scoring; here is everything on that chart. {image}
Do you have today analysis we love your mental analysis
  • #11,390
  • Jul 10, 2024 1:50am Jul 10, 2024 1:50am
Quoting rikitosx
{quote} Do you have today analysis we love your mental analysis
Ah, thank you very much for the annotations.
Got it~
  • #11,391
  • Jul 10, 2024 3:02am Jul 10, 2024 3:02am
Quoting Erebus
So many signals, so few dollars {image}
Curious question, from your dashboard, how would you pick the pairs going up / down the fastest?
It looks like the information is there, and just curious how you use it.

I've tended to zoom out about 3x (until the chart is all black...) to get a big picture.
If there's a whole buncha support/resistance in the way (like EURUSD now on the 4hour (which is my trading timeframe)), I basically will pass.
Too much work for the stress.
  • #11,392
  • Jul 17, 2024 6:28pm Jul 17, 2024 6:28pm
Quoting Cyrilus
{quote} Curious question, from your dashboard, how would you pick the pairs going up / down the fastest? It looks like the information is there, and just curious how you use it. I've tended to zoom out about 3x (until the chart is all black...) to get a big picture. If there's a whole buncha support/resistance in the way (like EURUSD now on the 4hour (which is my trading timeframe)), I basically will pass. Too much work for the stress.
I just saw this now; well, the pair is picked by the Inside Day setup, the entry is governed by the breakout price, that is the generic model of Inside Bar trading method.

Nothing to do with S & R, news drives the price, not some fictional levels.

Think about it, are the basic fundamentals the same as they were last year, or 3 years ago, when price returns to a similar level?

Good Luck.
It takes a lot for me to IGNORE you, but you can try.
  • #11,393
  • Jul 17, 2024 6:29pm Jul 17, 2024 6:29pm
AUD big disappointment this week, or is a dump & pump for the news? Check your local times, good luck.

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  • #11,394
  • Aug 28, 2024 6:46pm Aug 28, 2024 6:46pm
Daily Inside bar with pin bar, any takers?
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  • #11,395
  • Oct 16, 2024 3:37pm Oct 16, 2024 3:37pm
Price Action like this rejection always so obvious after the fact, add it to the lessons learned file.



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  • #11,396
  • Apr 15, 2025 4:13pm Apr 15, 2025 4:13pm
GOLD, here is every Inside Day of 2025, 60% of the time, it works every time.

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  • #11,397
  • Apr 16, 2025 4:40pm Apr 16, 2025 4:40pm
EURUSD April 17 Daily IB

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,398
  • Apr 16, 2025 4:57pm Apr 16, 2025 4:57pm
Quoting emmanuel7788
EURUSD April 17 Daily IB {image} ...
They are all Inside, is that what you mean? After these huge range days, there are plenty of Inside Bars.
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  • #11,399
  • Apr 16, 2025 8:27pm Apr 16, 2025 8:27pm
Quoting Erebus
{quote} They are all Inside, is that what you mean? After these huge range days, there are plenty of Inside Bars. {image}

only these are Inside Bar Day candles,

the rest are simple small candles inside the big candle ... give them another name ,

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,400
  • Apr 18, 2025 3:35pm Apr 18, 2025 3:35pm
Quoting emmanuel7788
{quote} only these are Inside Bar Day candles, the rest are simple small candles inside the big candle ... give them another name ,
The generic concept of Inside Day candles is to catch the breakout on the next day, correct me if that's wrong.

Your chart is 2-days later; how long do you consider the Inside Day to be valid?

And it's already been broken to the downside which failed.

It takes a lot for me to IGNORE you, but you can try.
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