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The DIBS Method... No Free Lunch continues

  • #6,141
  • Nov 28, 2008 6:59am Nov 28, 2008 6:59am
hi all,

today result trade using DIBS method

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: dibs33.JPG Size: 230 KB
  • #6,142
  • Nov 28, 2008 7:21am Nov 28, 2008 7:21am
Quoting my30marahaba
i'm agree with you sir,
here the sample of the ib break out on usdchf today
price pullback again to the top.....

brgds,
my30marahaba

hi all,

i close usdchf @entry at 12002 close at 12153

see the chart.... usdchf - 151 pips
and wait & see the pa....

brgds,
mymarahaba
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf sample.JPG Size: 200 KB
  • #6,143
  • Nov 28, 2008 8:57am Nov 28, 2008 8:57am
Quoting my30marahaba
hi all,

i close usdchf @entry at 12002 close at 12153

see the chart.... usdchf - 151 pips
and wait & see the pa....

brgds,
mymarahaba
here my 2nd entry at 1.2113 SL 1.2081 TP 1.2215
here the chart

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 2nd entry.JPG Size: 206 KB
  • #6,144
  • Nov 28, 2008 9:58am Nov 28, 2008 9:58am
can someone answears to the newbye of this thread? I don't think that to keep posting charts without explaining 1 word would help a lot.

the Internal Bars Breakout system is good ok, but we all agree that it needs some filter to work properly.

what are these filters?

thank you very much
  • #6,145
  • Nov 28, 2008 10:23am Nov 28, 2008 10:23am
Quoting Corre
can someone answears to the newbye of this thread? I don't think that to keep posting charts without explaining 1 word would help a lot.

the Internal Bars Breakout system is good ok, but we all agree that it needs some filter to work properly.

what are these filters?

thank you very much
Corre,

As Forex007 pointed out, the James16 thread has great information regarding areas to look to take inside bar breaks. In a nutshell, look for confluences such as fib retracements and support/resistance, trendlines, psychological levels. As Peter Crowns pointed out, going with a breakout in the direction of the weekly and monthly trend also increases your odds.

As an example, let's say there is a downtrend. You might wait for a pullback that lines up with a fib retracement of the down trend and also lines up with former support ( should now be resistance). If you get an inside bar at this point, ideally you would only take a break to the downside with the primary trend. I hope this helps.
Take care,
Dave
  • #6,146
  • Nov 28, 2008 4:16pm Nov 28, 2008 4:16pm
Quoting avi
on what tf? look for ...obama ...it s a great help
remember???
  • #6,147
  • Nov 28, 2008 4:29pm Nov 28, 2008 4:29pm
Quoting my30marahaba
Dear Lapin,

Here my indi and DIBSmtd.tpl

Rgds,
my30marahaba
and if you whant to be perfect add the timer indi ,4 h fibo, gann 1. remember me?
  • #6,148
  • Nov 28, 2008 7:18pm Nov 28, 2008 7:18pm
Quoting davema
Corre,

As Forex007 pointed out, the James16 thread has great information regarding areas to look to take inside bar breaks. In a nutshell, look for confluences such as fib retracements and support/resistance, trendlines, psychological levels. As Peter Crowns pointed out, going with a breakout in the direction of the weekly and monthly trend also increases your odds.

As an example, let's say there is a downtrend. You might wait for a pullback that lines up with a fib retracement of the down trend and also lines up with former support ( should...
One Chart is Worth Ten Thousand Words.
  • #6,149
  • Dec 1, 2008 2:34am Dec 1, 2008 2:34am
What a great way to start the week

Up 180 pip on this gbp/jpy trade right now
DIBS i like....
kojak
  • #6,150
  • Dec 2, 2008 6:31am Dec 2, 2008 6:31am
hi all,

gu dibs set up

good support price be going up to 50 fibo or to 76.8 %
let see what happen with gu PA

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 146 KB
  • #6,151
  • Dec 2, 2008 7:14am Dec 2, 2008 7:14am
Quoting my30marahaba
hi all,

gu dibs set up

good support price be going up to 50 fibo or to 76.8 %
let see what happen with gu PA

rgds,
my30marahaba
here the updated,
i have locked some profit and let the pa reach my 1st tp and i will hold one position to FTT that my plan



rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU updated.JPG Size: 70 KB
  • #6,152
  • Dec 2, 2008 8:03am Dec 2, 2008 8:03am
Quoting my30marahaba
here the updated,
i have locked some profit and let the pa reach my 1st tp and i will hold one position to FTT that my plan



rgds,
my30marahaba
hi all,

look at the previous ib as the resistance near at s&r line if this resistance break price be move up to 76.8 fibo to complete the retracement
and be pull back to 50 fibo as the new support line.

here the chart

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU updated2.JPG Size: 144 KB
  • #6,153
  • Dec 2, 2008 8:46am Dec 2, 2008 8:46am
Quoting my30marahaba
hi all,

look at the previous ib as the resistance near at s&r line if this resistance break price be move up to 76.8 fibo to complete the retracement
and be pull back to 50 fibo as the new support line.

here the chart

brgds,
my30marahaba
hi all,

looks like the resistance be break and the pa continue to 76.8 fibo i order one buy posistion with be sl now if the pa close above 55 ema the price running up....to 76.8 fibo.....
4hr buob....

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: GU updated3.JPG Size: 156 KB
  • #6,154
  • Dec 2, 2008 9:10am Dec 2, 2008 9:10am
hi all,

usdchf sell @3x1lot sl 50 pips pa break the yesterday low and dibs signal to sell 4hr price close below 55 ema, i'm going to short now....

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.JPG Size: 135 KB
  • #6,155
  • Dec 2, 2008 12:52pm Dec 2, 2008 12:52pm
hi jarroo,

I just wanted to say thanks because your inner bar system is truly enlightening. I have been working with them on a smaller timescale though since I cannot determine price action from larger candles and I don't have the ability to stay at the computer all day.

I was wondering if you yourself have had any experience with IB's on smaller timeframes? I have had some success but I just wanted to ask someone with more experience.

Thanks,

Balto
  • #6,156
  • Dec 2, 2008 6:27pm Dec 2, 2008 6:27pm
Quoting Balto
hi jarroo,

I just wanted to say thanks because your inner bar system is truly enlightening. I have been working with them on a smaller timescale though since I cannot determine price action from larger candles and I don't have the ability to stay at the computer all day.

I was wondering if you yourself have had any experience with IB's on smaller timeframes? I have had some success but I just wanted to ask someone with more experience.

Thanks,

Balto
The hourly time frame is as low as I go. I haven't been trading the DIBS method lately but I will be soon. I been working on how the DIBS method can be applied to Price Action on higher time frames. Also looking at adding confluences of S/R Levels to filter out some DIBS trades.

my30marhaba has seemed to use DIBS in his own special way (which I haven't had the time to figure out yet.lol) But if its working for you my30mar, got for it.

I believe you do have the ability to determine Price Action from larger time frame candles (or large candles). It just take a few minutes of study everyday. The James16 Chart Tread is great place to start: http://www.forexfactory.com/showthread.php?t=2331

There is some great people over there that are happy to help you as well as myself. Don't let the size of the thread discourage you, much of the material repeats itself. (which is a good thing.)

Understanding Price Action on higher time frames would suite you well if you have limited computer time. Some very successful traders only trade on Daily and Weekly time frames.

I'll be on the DIBS thread more often.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #6,157
  • Dec 2, 2008 7:36pm Dec 2, 2008 7:36pm
Thanks for the reply The problem is that while I can get the momentum of the candle/price down, I still cannot hang through those inter-trend moves that bring the price against you.

That is why I have been trading 5min IB's since I can see direction and price alot better and I am also to stay in a trade for 5-10mins rather than an hour+. Its worked well for me sofar w/ risking 0.5%-1%/pip depending on market depth and movement.

Just wanted to see if you ever played around with them on a smaller TF Thanks!
  • #6,158
  • Dec 2, 2008 7:46pm Dec 2, 2008 7:46pm
Quoting Balto
Thanks for the reply The problem is that while I can get the momentum of the candle/price down, I still cannot hang through those inter-trend moves that bring the price against you.

That is why I have been trading 5min IB's since I can see direction and price alot better and I am also to stay in a trade for 5-10mins rather than an hour+. Its worked well for me sofar w/ risking 0.5%-1%/pip depending on market depth and movement.

Just wanted to see if you ever played around with them on a smaller TF Thanks!
5 min charts are a tough way to go, at least for me. Have you tried other Price formations other then a Inside Bar?
Indicators show the past. Price Action "Indicates" the future.
  • #6,159
  • Dec 2, 2008 8:09pm Dec 2, 2008 8:09pm
I've been looking at the different variations of inside bars. Sofar I have an 85% Hit w/ a 1:1 R/W and I have been able to hold some of the wins past the 1:1 ratio so its been working out pretty well.
  • #6,160
  • Dec 2, 2008 8:43pm Dec 2, 2008 8:43pm
Balto...more power to you if you can trade IB's on 5 minute. I'm having trouble with getting whipsawed on 1 hour bars and not having the time to sit and babysit trades I'm moving up TF's using the IB4 indicator(Thanks Jaroo for it.. nice to see you back posting here). I think this will allow me to give the pair some room..get away from the screen... and pay attention to my regular job.

Jaroo..can you clarify the parameters nose and head in the indie IB4 and Pin... I trade off of candles... what are the numerical values associated with them...Pip range? Distance from open and close? Thanks
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