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The DIBS Method... No Free Lunch continues

  • #5,541
  • Oct 1, 2008 1:46pm Oct 1, 2008 1:46pm
In my opinion DIBS is a very attractive method of trading, very simplistic "system wise" and it has built in MM as well. I love how it controls your losses while at the same time giving your such upside potential. I speak as one who has read about it and visual back tested but never traded due to the fact i am sleeping during this wonderfull time period of activity in the markets.

I have looked at longer time periods for DIBS however it compromises the basic principles of DIBS in my view... that is small stops with large potential during the time the waves are the highest.

So... this is the first time in my life i have actually thought an expert advisor placing trades might be a good idea.... i can't be the only person in North America that wishes they could be up at this time trading.

Granted i have not read the entire thread... however has anyone seriously but thought into an EA for this?
  • #5,542
  • Oct 1, 2008 2:23pm Oct 1, 2008 2:23pm
Quoting saskgui
So... this is the first time in my life i have actually thought an expert advisor placing trades might be a good idea.... i can't be the only person in North America that wishes they could be up at this time trading.
Have a look at my chart above - how would EA handle that? There are too many false IB BOs to programme all eventualities. Jaroo experimented with stop-reverse, it works, but not always. Discretion still remain an important part of DIBS.
One Chart is Worth Ten Thousand Words.
  • #5,543
  • Oct 1, 2008 3:24pm Oct 1, 2008 3:24pm
A nice shorting apportunity is in the making...I am short since yesterday based of the nice resistance to the left as well as the impact to the downtrendline

Attached Image (click to enlarge)
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  • #5,544
  • Oct 1, 2008 9:32pm Oct 1, 2008 9:32pm
Hi All,

CHF - I'm going short for this curr...

Rgds,
My30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: CHF today.JPG Size: 234 KB
  • #5,545
  • Oct 1, 2008 9:39pm Oct 1, 2008 9:39pm
Quoting my30marahaba
Hi All,

CHF - I'm going short for this curr...

Rgds,
My30marahaba
DIBS on 15M.....

Rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: CHF - 15M.JPG Size: 214 KB
  • #5,546
  • Edited 10:35pm Oct 1, 2008 10:17pm | Edited 10:35pm
Hi my30marahaba, I am not sure what method you are using, but it is apparent from your screenshot that you went short the Swissy around 1.1273 on the 15 min chart. That was before it broke the downside of your inside bar (which, by the way did not show up as an inside bar on my platform) which was around 1.2675. You do not seem to be using the DIBS method as far as I can tell. Trading using the pure DIBS method only starts at 0600GMT. Your charts display some other time zone and not GMT. The time on your chart shows 0500 but as I write this it is only 0316GMT. Your methods may be all well and good and you may be profitable, but unless you are using the DIBS method then I respectfully ask that you post your trades elsewhere as they have no place here. If you have a contribution to make to the DIBS community we will all welcome it, but the thread is lengthy enough without clouding the waters with sideshows. Otherwise, I think you need to thoroughly re-read this forum and it's predecessor.
Never argue with a fool....
  • #5,547
  • Oct 1, 2008 10:18pm Oct 1, 2008 10:18pm
hi all,

here the DIBS system give us the clear signal of the PA (price action) and the trend line direction from the higher TF ...... PPZ ..is the part of the PA so it's can help us to decide either buy or sell...

rgds,
my30marahaba
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  • #5,548
  • Oct 1, 2008 10:24pm Oct 1, 2008 10:24pm
Quoting tigertrader
Hi my30marahaba, I am not sure what method you are using, but it is apparant from your screenshot that you went short the Swissy around 1.1273 on the 15 min chart. That was before it broke the downside of your inside bar (which, by the way did not show up as an inside bar on my platform) which was around 1.268. You do not seem to be using the DIBS method as far as I can tell. Trading using the pure DIBS method only starts at 0600GMT. Your charts display some other time zone and not GMT. The time on your chart shows 0500 but as I write this it is only 0316GMT. Your methods may be all well and good and you may be profitable, but unless you are using the DIBS method then I respectfully ask that you post your trades elsewhere as they have no place here. If you have a contribution to make to the DIBS community we will all welcome it, but the tread is lengthy enough without clouding the waters with sideshows.
Dear Sir,

Have you see the 1st IB on your 15M chart is the first signal alert and the Price reversal not brake your 1st IB so its that clear to going short.

Regards,
my30marahaba
  • #5,549
  • Oct 1, 2008 10:40pm Oct 1, 2008 10:40pm
Quoting my30marahaba
Dear Sir,

Have you see the 1st IB on your 15M chart is the first signal alert and the Price reversal not brake your 1st IB so its that clear to going short.

Regards,
my30marahaba

Dear Sir,

Here the result ........ 15M DIBS system..

Regards,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: DIBS.JPG Size: 65 KB
  • #5,550
  • Oct 1, 2008 10:44pm Oct 1, 2008 10:44pm
Quoting my30marahaba
Dear Sir,

Have you see the 1st IB on your 15M chart is the first signal alert and the Price reversal not brake your 1st IB so its that clear to going short.

Regards,
my30marahaba
Dear my30marahaba, as I said, it did not show up on my charting service as an inside bar, but even if it did two points come immediately to mind:
1) It is not yet 0600 GMT
2) We do NOT trade DIBS off the 15 minute chart

But if this works for you then fine. I have no idea what your charts are supposed to be showing us. But I say again, you are NOT trading using the DIBS method.
Never argue with a fool....
  • #5,551
  • Oct 1, 2008 10:48pm Oct 1, 2008 10:48pm
Quoting my30marahaba
Dear Sir,

Here the result ........ 15M DIBS system..

Regards,
my30marahaba
Ahhhh, now that you have put some information on the chart it makes sense, but you are still not following the DIBS rules, but good luck to you anyway
Never argue with a fool....
  • #5,552
  • Oct 1, 2008 11:12pm Oct 1, 2008 11:12pm
Quoting tigertrader
Ahhhh, now that you have put some information on the chart it makes sense, but you are still not following the DIBS rules, but good luck to you anyway
Dear Sir,
this is DIBS rule

IB on which hour?
You can play an IB, be it at 5.00 GMT, 4.00 GMT, 3.00 GMT or even 2.00 GMT as long as it is off the Open of the Day, 6.00 GMT. Peter's charts show this.



Regards,
My30marahaba
Attached Image (click to enlarge)
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  • #5,553
  • Oct 2, 2008 12:01am Oct 2, 2008 12:01am
Quoting my30marahaba
Dear Sir,
this is DIBS rule

IB on which hour?
You can play an IB, be it at 5.00 GMT, 4.00 GMT, 3.00 GMT or even 2.00 GMT as long as it is off the Open of the Day, 6.00 GMT. Peter's charts show this.

Regards,
My30marahaba
Peter also said:
"The first 6 - 9 hours of the trading day are the most powerful, as the "money" trades then.
Some people prefer to trade the weaker part of the 24 hour session, after 1600 - 1700 Central Standard Time. And, there are those who like to tattoo themselves, put studs in their tongues and rings through their lips, and not buy the strongest markets or sell the weakest ones."
Never argue with a fool....
  • #5,554
  • Oct 2, 2008 12:07am Oct 2, 2008 12:07am
Again to quote Peter:

"Ask yourself, when does the market open? I use 00:00 CST or 06:00 GMT as my open. Believe me, if you are off 1 hour due to Daylight Savings time it is not going to be a problem.

No, I don't take trades before the session opening bar. I will take trades within the opening session bar, if the previous hourly bar is an inside bar.

Think I'm being arbitrary about being willing to trade just the first 9-10 hours? Check out the last 20 years of intraday market action. The first 10 are the hours when 90% of the trends that actually develop WILL develop.

Think about that for a few minutes. Perhaps you might figure out other strategies that might be profitable to you."
Never argue with a fool....
  • #5,555
  • Oct 2, 2008 12:16am Oct 2, 2008 12:16am
Quoting tigertrader
Peter also said:
"The first 6 - 9 hours of the trading day are the most powerful, as the "money" trades then.
Some people prefer to trade the weaker part of the 24 hour session, after 1600 - 1700 Central Standard Time. And, there are those who like to tattoo themselves, put studs in their tongues and rings through their lips, and not buy the strongest markets or sell the weakest ones."
Dear Sir,

Thank you for your explanation.... of this DIBS system
now i have learned something from you...... about DIBS system....

best regards,
my30marahaba
  • #5,556
  • Oct 2, 2008 1:00am Oct 2, 2008 1:00am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting saskgui
In my opinion DIBS is a very attractive method of trading, very simplistic "system wise" and it has built in MM as well. I love how it controls your losses while at the same time giving your such upside potential. I speak as one who has read about it and visual back tested but never traded due to the fact i am sleeping during this wonderfull time period of activity in the markets.

I have looked at longer time periods for DIBS however it compromises the basic principles of DIBS in my view... that is small stops with large potential during the time the waves are the highest.

So... this is the first time in my life i have actually thought an expert advisor placing trades might be a good idea.... i can't be the only person in North America that wishes they could be up at this time trading.

Granted i have not read the entire thread... however has anyone seriously but thought into an EA for this?
Good coders will tell you, if the rules are set in stone then it can be coded, unfortunately Dib's has yet to find the filter that can be coded, most people trade it using some form of discretionary method which cannot be coded, if you can set the rules someone here can code it.

First you must set the rules.
  • #5,557
  • Edited 3:37am Oct 2, 2008 3:25am | Edited 3:37am
Nice DIBS trade on the Euro and Gbp/Jpy. 0500 GMT IB. Sorry can't post charts.

Next week, back to normal for me.
Indicators show the past. Price Action "Indicates" the future.
  • #5,558
  • Oct 2, 2008 4:27am Oct 2, 2008 4:27am
Quoting my30marahaba
Have you see the 1st IB on your 15M chart is the first signal alert and the Price reversal not brake your 1st IB so its that clear to going short.
Dear Our 30 Miramba, the message was loud and clear - if you are NOT (and you are NOT! as you keep posting M15 charts) trading according to DIBS rules (read the 1st page of this thread), PLEASE post your trades on the "His30Miramba M15 IB trades".

If you can see how M15 can help trading DIBS, say it (once - your last chart actually explained it, thank you), don't just post every trade you make. THANK YOU, Sir!
One Chart is Worth Ten Thousand Words.
  • #5,559
  • Oct 2, 2008 4:38am Oct 2, 2008 4:38am
Quoting jarroo
Nice DIBS trade on the Euro and Gbp/Jpy. 0500 GMT IB. Sorry can't post charts.

Next week, back to normal for me.

Dear Sir,

Look at the GJ on 4Hr Chart We can see the 1st IB, 2nd IB and bearish out side bar on that chart

on 1hrs chart see 1st IB, 2nd IB and the retracement price can not brake the 1st IB and we place to order short ...

on the DIBS Rule we better use the IB on the 06.00 gmt is that the valid signal from DIBS system....

dear sir would you please to advise.... for this

Best Regards,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GJ - 4Hr.JPG Size: 204 KB
  • #5,560
  • Oct 2, 2008 4:54am Oct 2, 2008 4:54am
Quoting Forex007
Dear Our 30 Miramba, the message was loud and clear - if you are NOT (and you are NOT! as you keep posting M15 charts) trading according to DIBS rules (read the 1st page of this thread), PLEASE post your trades on the "His30Miramba M15 IB trades".

If you can see how M15 can help trading DIBS, say it (once - your last chart actually explained it, thank you), don't just post every trade you make. THANK YOU, Sir!
Dear All,

I Apologize to you all, i'm not mean to brake the DIBS system just want to learned from you all and sharing with you all, hopely can help me to more understand with the system.....
thanks a lot for your explanation,......

best regards,
my30marahaba
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