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The DIBS Method... No Free Lunch continues

  • #11,481
  • Oct 6, 2025 5:07pm Oct 6, 2025 5:07pm
Quoting 9inety9ine
To your question , MrReRaise82 . In general , I use basics : PA , patterns , supp , rez , breakouts , pullbacks towards 13 ema , waves , if they meet criteria , etc . And always an overall picture of the market , where I minimize the chart and can even use Monthly for major swing H's and L's. I don't use any other TF for a setup , just 12 h and sometimes M. So as you can see , it's not one size fits all approach . Screen time 17+ years plays it's part too , but it would be nothing without a trading plan , discipline , knowing your method upside...

Sir how can I apply the same in my system or generate call
  • #11,482
  • Oct 7, 2025 2:15am Oct 7, 2025 2:15am
Two nice and easy winners on CHF and GBP. Felt a bit uneasy due to the correlation taking on both trades but price action seemed really nice and we get so few signals during the week that hesitation just won't cut it with this strategy. These were the 2 best moving instruments among the majors as well so followed the rules to a tee.

Yesterday had a second trade on EUR that failed but it was in the midst of a very ugly sideways price action. From what I noticed so far, those trades are very unlikely to succeed, IB or not, will try to steer clear in the future.

As the captain said to Leonidas in 300: One hell of a start (to the day).
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  • #11,483
  • Oct 7, 2025 2:18am Oct 7, 2025 2:18am
Quoting MrReRaise82
Two nice and easy winners on CHF and GBP. Felt a bit uneasy due to the correlation taking on both trades but price action seemed really nice and we get so few signals during the week that hesitation just won't cut it with this strategy. These were the 2 best moving instruments among the majors as well so followed the rules to a tee. Yesterday had a second trade on EUR that failed but it was in the midst of a very ugly sideways price action. From what I noticed so far, those trades are very unlikely to succeed, IB or not, will try to steer clear...
are you funded in ftmo?
  • #11,484
  • Oct 7, 2025 9:21am Oct 7, 2025 9:21am
Paper trading the DIBS method on best performing non-penny stocks of the day on 15min chart (both 1h and 30min might be too much for a 6.5 hour trading window).

Because why not.

Using Finviz to screen stocks that are going up the most on the day and are above their main moving averages on the daily.
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  • #11,485
  • Oct 7, 2025 8:57pm Oct 7, 2025 8:57pm
Day Inside Bar Oct 08

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and Daily H1 Inside Bar

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,486
  • Oct 8, 2025 1:22am Oct 8, 2025 1:22am
Quoting emmanuel7788
Day Inside Bar Oct 08 {image} and Daily H1 Inside Bar {image} ...
Nice! Can I ask if you trade these bars and if yes, how?
  • #11,487
  • Oct 8, 2025 1:29am Oct 8, 2025 1:29am
So friends, a nice warm-up trade on USDCHF to start the day. As our friend from Kazakhstan always said: I like!

*sips coffee*

As you can see on the EURUSD chart, I didn't trade the IB because it wasn't an IB by 1 tick. I know, I know, but I am sticking to the rules.

In other news the experiment yesterday on the stocks died a not-so-beatiful death I haven't traded stocks for over a decade now and from what I have seen yesterday, the stocks made their big move for the day in the first 20-30 mins and then just drifted/reversed. Not a DIBS-friendly way of behaving.

But on Forex, we are progressing quite well. For the 12h IB paper trade on ES/NQ from 5th October we reversed back to in between the IB from having been within 15% of reaching our target. Let's see how that behaves today and tomorrow. Still gold is the best trending market to trade it seems.
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  • #11,488
  • Edited 4:02am Oct 8, 2025 2:39am | Edited 4:02am
I wrote about the sideways price action and how I am not keen on trading those IB patterns, as exemplified by the last EUR trade from Friday as well.

Here is a perfect example from this morning on USDJPY. If I purely look at which instrument is most on the up from the day's open, it's either JPY or CHF, they are neck-on-neck around 0.35 - 0.37% gain since open. JPY just produced an IB that also got triggered not long afterwards. And yes, it may prove to be a winner.

BUT, and it's a big but, we have been drifting sidewas for about 5 hours now on JPY and this is not something I like. Especially when CHF has been trending very nicely upwards (which also produced a second IB on the 8:30 CET candle albeit it didn't get triggered).

So if I can choose between 2 instruments for DIBS I would 100% choose the one that produces a clean, consistent trend/price action in one direction.

EDIT: Just for context added the EURUSD chart from Friday as well. You can see the second IB circled with red, how it faltered having been in a sideways price action for a few hours by the time it triggered.

EDIT #2: JPY just completed the 1R trade. Life of a trader.
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  • #11,489
  • Oct 8, 2025 4:15am Oct 8, 2025 4:15am
Quoting MrReRaise82
{quote} Nice! Can I ask if you trade these bars and if yes, how?
Yes. Its one of my favourite Price Action setup trades.

In today example, we sell on the break of the H1 IB low.
Note the Day IB bearish break when Oct07 close.

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Three POWERFUL Forex Price Patterns click to <download>

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,490
  • Oct 8, 2025 11:54am Oct 8, 2025 11:54am
Quoting emmanuel7788
{quote} Yes. Its one of my favourite Price Action setup trades. In today example, we sell on the break of the H1 IB low. Note the Day IB bearish break when Oct07 close. {image} Three POWERFUL Forex Price Patterns click to <download> ...
Love how this PDF summarizes the patterns and the visual examples, thank you for sharing.

Particularly impressed with the Outside Vertical Bar patterns, they look well worth trading. I guess these days they would qualify as "sweeping the highs/lows" and then going in the other direction, no? All within one bar, liking the concept.
  • #11,491
  • Edited 6:01pm Oct 8, 2025 5:42pm | Edited 6:01pm
Update on 12h paper trades. Left side of the chart is MES, right side MNQ.

MES knocked out the previous trade for a 35 point loss (ouch) but then a day later offered an IB to enter and produced a 27 point winner.
MNQ completed a 217 point winner earlier today.

Not bad for a few minutes of work each day. Plus gold kept producing winners all September and early Oct with the 12h IBs.

I honestly haven't the faintest clue how long this crazy bull market gonna last but these IBs sure seem a pretty low risk way to enter as long as the trend is intact. Considering just trading them with real money and minimum contract size.

Also got inspired by just finishing watching Trading Places for the umpteenth time, it's now free to watch on YouTube. While pork belly futures are no longer available to trade (and orange juice seems like a rare commodity), one sure gets inspired by that scene at the end I was there in 2000, just outside the WTC towers, later going to Grand Central Station with my sister and munching on some real fine NY hot dogs. Good times
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  • #11,492
  • Oct 9, 2025 3:04am Oct 9, 2025 3:04am
XAU Oct 09 H1 London 9am

- nr4 IB

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,493
  • Oct 10, 2025 3:24am Oct 10, 2025 3:24am
Good morning friends, another day, another lesson the market taught me. 'Just trade the setup' is what I was taught yet again by USDJPY.

See I was anxious of taking the inside bar circled with green. JPY was barely below the 6am GMT daily open and while as you can see on the left it definitely was the most down on the day from all the major pairs, going short just below the yellow line with such a big green motherbar... I was like, okay, will trade it with half size. No, will trade it with 1 lot. Ah, fuck it, I am just trying to make up stuff, let's trade it with the 2 lots that seemed to be making sense for the 1st trade of each day.

Not even 10 minutes passed from the trigger and the TP was completed. Okay, I am humbled, yet again.
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  • #11,494
  • Oct 10, 2025 6:57am Oct 10, 2025 6:57am
DollarYen has been a lesson today throughout. First trade I already described.

Second trade, arghhh...Freakin doji candle, I really-really didn't want to enter that but hey, it's the rules. Of course we lost it.

Third trade confirmed a (growing) suspicion of mine that the opposite color IBs (opposite to the motherbar's color that is) are most effective. And lo behold. I was hesitating a bit because at the time the IB closed GBP was the more down on the day but 30+ mins later the tables turned so I put the sell stop order back on.

Overall a cool 103 EUR day, I'm fine with that.
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  • #11,495
  • Oct 13, 2025 5:55am Oct 13, 2025 5:55am
Not trading today but just noticed how the same color motherbar-IB combo failed yet again, despite clear price action leading up to it.

There's something to it. Have to be extra careful with those.
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  • #11,496
  • Oct 14, 2025 4:59am Oct 14, 2025 4:59am
And back in action with a beatiful winner on GBPUSD with the opposite color combination on the motherbar-IB that seems to be making most sense.

Plus it was the first trade of the day, coupled with good price action. The kind of trades we like.
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  • #11,497
  • Oct 14, 2025 7:52am Oct 14, 2025 7:52am
Chickened out of this second trade of the day on GBP after first push reversed, having gone 74% of the way to my TP.

Would have gotten pretty close to my original stop loss had I still been in the trade but eventually turned back bearish and hit the target.

Oh well.
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  • #11,498
  • Oct 15, 2025 3:53am Oct 15, 2025 3:53am
Just finished a nice little trade on EURUSD. Despite the opposite color setup (which proved a winning combo until now) I had a bad feeling about the trade beforehand, didn't like that big green wick on the motherbar.

And shows how much I know, within 10 minutes we had a winner. I need to tell myself to just trade and not doubt the system.

EDIT: few minutes later and look at that nasty red candle developing. Same thing happened yesterday on the GBP trade I did not finish. Not long after reaching TP price totally reversed. Seems like these opposite color IBs can act as some sort of last push.

Got lucky today. Off for a nice walk and a breather.
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  • #11,499
  • Oct 15, 2025 6:04am Oct 15, 2025 6:04am
Second winner of the day, this time on GBPUSD. And it's another opposite color IB. They just keep on working. Traded this one lightly as we were just above the 6am GMT open but nevertheless a nice one to book.

Done for the day, not forcing it further.
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  • #11,500
  • Oct 16, 2025 4:33am Oct 16, 2025 4:33am
The curse of the same color IB strikes again on cable... My only regret is that I should have traded it even more lightly than I did. Even considering trading against it the next time I encounter such a pattern.

To top it all off, as you can see on the Yen chart, the opposite color IB worked again (not that I would have traded it as cable was more up on the day and that IB was already the second IB in a row).

Lesson (again) learned.
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