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The DIBS Method... No Free Lunch continues

  • #6,341
  • Jan 2, 2009 8:38pm Jan 2, 2009 8:38pm
Quoting ForexTrader
I've gone through the thread and not found any results from anyone doing live trading. I could have missed a post while scanning through. I like the system and briefly papertraded it with limited success. I'm curious what others have achieved.

Tks
My results have been very good. Although I have not traded the DIBS method on a consistent bases recently.

On your paper trades, I would check which trades were with the over all trend, meaning the Weekly, Daily and even the 4 hour trend. Taking DIBS trades with this trend (and not taking countertrend DIBS trades) should show a more postive result.

Also, how many of those DIBS trades were with the trend did you let run? Meaning you caught the Daily trend on the hourly DIBS trade and you let it run until it was stopped out. Yes, I understand that this is tough to do, seeing pip gains go from 2100pips to days later to 900 pips and then to 3300pips.

I missed these DIBS trades on the Gbp/Usd in Augest 2008 which would be worth about . . ,
if left to run, . . . Wow . . 4800pips .
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Indicators show the past. Price Action "Indicates" the future.
  • #6,342
  • Jan 2, 2009 10:19pm Jan 2, 2009 10:19pm
Quoting ForexTrader
I've gone through the thread and not found any results from anyone doing live trading. I could have missed a post while scanning through. I like the system and briefly papertraded it with limited success. I'm curious what others have achieved.

Tks
Sorry to say that my Trading started Long Before Peter stopped by to define Dibs but on retrospect, combined with a new appreciation of Price Compression, I cannot compile an argument against it.

Believe me; I tried:
Why? That's just my way...
  • #6,343
  • Jan 3, 2009 12:08pm Jan 3, 2009 12:08pm
Dear Aad,

Would you kindly see if you could add another parameter so that no matter what the open price at 6AM is, it will show a line for the inside bar on both ends. Many thanks.

Peter
Quoting Aad
Indeed nicely put Bemac. ...
  • #6,344
  • Jan 4, 2009 10:30am Jan 4, 2009 10:30am
Quoting Bemac
Sorry to say that my Trading started Long Before Peter stopped by to define Dibs but on retrospect, combined with a new appreciation of Price Compression, I cannot compile an argument against it.

Believe me; I tried:
Why? That's just my way...
hi Bemac.

sorry to ask it. I now this is my fault due my bad English. But i am really interested in your opinion so: could you reprashe? Many sorry to ask it but i am reading again and again i am really don't understand. I understand that you are refering to your fib method that you already mentioned in the original thread. But i don't know what more you are trying to mean.

thanks in advance and i apologize for my horrible English.


best regards.
  • #6,345
  • Jan 10, 2009 3:34pm Jan 10, 2009 3:34pm
Quoting NowAndLater
Ok here is the number one thing that I look at when deciding if I'm to take a trade or not: where is the next support and resistance level? ...................

............. This has been a lengthy post. I will just round off by wishing everyone a merry xmas and a happy new year.
Hey, Mr barbecue, how are you doing??? Hope you had a lot of beer & meat!

I've been away for a long time... some hard work down here... but always spying this great place... Not trading as much as I would like, cause if I canŽt concentrate 100% on what I'm doing, I rather don't trade at all...

Great post... still struggling with the same questions, right? Just kidding....


Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #6,346
  • Jan 10, 2009 5:09pm Jan 10, 2009 5:09pm
Quoting HouseTrader
Hey, Mr barbecue, how are you doing??? Hope you had a lot of beer & meat!

I've been away for a long time... some hard work down here... but always spying this great place... Not trading as much as I would like, cause if I canŽt concentrate 100% on what I'm doing, I rather don't trade at all...

Great post... still struggling with the same questions, right? Just kidding....


Cheers!

HT
House is back in the house. Good to hear from you my friend
Indicators show the past. Price Action "Indicates" the future.
  • #6,347
  • Jan 10, 2009 5:46pm Jan 10, 2009 5:46pm
I found the DIBS on another forum that led me to here. I am really finding it to be profitable. Where is Peter Crowns these days. I would like to send him thanks.


http://i39.tinypic.com/2f037fl.gif
  • #6,348
  • Jan 10, 2009 5:55pm Jan 10, 2009 5:55pm
Quoting brianduffer
I found the DIBS on another forum that led me to here. I am really finding it to be profitable. Where is Peter Crowns these days. I would like to send him thanks.


He hasn't been heard since July (at least on the FF). He may be back, you never know. You could PM him. He may see them on his email.
Indicators show the past. Price Action "Indicates" the future.
  • #6,349
  • Jan 10, 2009 6:12pm Jan 10, 2009 6:12pm
Quoting HouseTrader

I've been away for a long time... some hard work down here... but always spying this great place... Not trading as much as I would like, cause if I canŽt concentrate 100% on what I'm doing, I rather don't trade at all...




Cheers!

HT
Happy New Year, House!
  • #6,350
  • Jan 11, 2009 1:31am Jan 11, 2009 1:31am
Quoting HouseTrader
Hey, Mr barbecue, how are you doing??? Hope you had a lot of beer & meat!

I've been away for a long time... some hard work down here... but always spying this great place... Not trading as much as I would like, cause if I canŽt concentrate 100% on what I'm doing, I rather don't trade at all...

Great post... still struggling with the same questions, right? Just kidding....


Cheers!

HT
Hi old friend! Good to hear from you, hope you and your family are doing well. I'm doing fine thank you, same old same old. Not had a decent barb in a long time, it's been a bit cold lately... But spring isn't too far away (I know I'm a bit optimistic)

Cheers
  • #6,351
  • Jan 11, 2009 5:40am Jan 11, 2009 5:40am
Could you post this indicator or directed me to where i can get it

Thank you



Quoting brianduffer
I found the DIBS on another forum that led me to here. I am really finding it to be profitable. Where is Peter Crowns these days. I would like to send him thanks.


http://i39.tinypic.com/2f037fl.gif
  • #6,352
  • Jan 11, 2009 5:44am Jan 11, 2009 5:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting HouseTrader
Great post... still struggling with the same questions, right?
Cheers!

HT
Glad your back, i've been struggleing a bit lately, i just don't get the opening hour for the start of the day - just when is 0600gmt. No really.

good to see all still hanging out hear, been quite my end too, the move to Oz took it out of me, so much sun, so many beaches, i'm alrady ahead of you guys, the BBQ is up and running and the beer is so cold, it's hard to fit this trading game in.

best of trades to all this year.
  • #6,353
  • Jan 11, 2009 8:59am Jan 11, 2009 8:59am
Quoting toddanderson
Could you post this indicator or directed me to where i can get it

Thank you
its tro method
  • #6,354
  • Jan 11, 2009 6:36pm Jan 11, 2009 6:36pm
Quoting MPP
Glad your back, i've been struggleing a bit lately, i just don't get the opening hour for the start of the day - just when is 0600gmt. No really.

good to see all still hanging out hear, been quite my end too, the move to Oz took it out of me, so much sun, so many beaches, i'm alrady ahead of you guys, the BBQ is up and running and the beer is so cold, it's hard to fit this trading game in.

best of trades to all this year.
I'm glad to be back and see all of you old mates!!!

MPP...... oh... I'm a jealous guy.... but not so much..... welcome to the southern hemisphere! Enjoy it my friend! by the way...Summer in Brazil too...... oh s%*t.... I forgot I got to work by the morning..... .... Now I'm really jealous....

Jim, you're a legend to me.... I came back after a long time and you're still keeping the DIBS flame alive.... Sorry for the absence... IŽll try hard to be around!! A great year to you, my friend!

Hey, NAL, good to see you around, answering those old questions....... Hope you and your family are great! Hey, man, I forgot it's winter in your place... today I had some beer and barbeque at my yard........ But, as a suggestion, for the cold, a nice foundue with some wine is a good choice. Got some recipes if you're interested....

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,355
  • Jan 11, 2009 6:38pm Jan 11, 2009 6:38pm
Quoting billflet
Happy New Year, House!
Didn't forgot you, Bill!

A great year to you too!

Cheers!
Many share my views with me. But I don't share them with them...
  • #6,356
  • Edited Jan 13, 2009 12:05am Jan 12, 2009 11:52pm | Edited Jan 13, 2009 12:05am
Thankyou Peter Crowns, TheRealThing, jarroo, NowAndLatter, Bemac
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  • #6,357
  • Jan 13, 2009 12:56am Jan 13, 2009 12:56am
Quoting Dale
Thankyou Peter Crowns, TheRealThing, jarroo, NowAndLatter, Bemac
Nice Dale.

I'm trying to get back into the swing of things on this thread. Work is crazy this month. The saga continues . .
Indicators show the past. Price Action "Indicates" the future.
  • #6,358
  • Edited 1:09pm Jan 13, 2009 9:15am | Edited 1:09pm
Thanks everybody who developed & improved this system.Today only I come to look into it .place trades at 6 gmt with good profit after the breakout .
next I also place few trades at random & even in lower tf like 5 min & 15 mintes just to scalp for minimum pips. all were positive.

I placed 4 trades ,2 on each direction without sl as I see the insider bar, when one triggered I deleted the opposite pairs & after certain pips gain set sl at minimum profit level & let then run . again after some more profit close one & sl change again to confirm more profit in the other.
but in lower tf like m5 I simply tp as see them without anything to continue & delete the opposite pairs too.

have to read this thread clearly to understand the actual method.I think this very simple without any need of indicators.

fontu

just take one sell stop order & close prematurly before going to bed for only 20pips
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #6,359
  • Jan 13, 2009 3:44pm Jan 13, 2009 3:44pm
Quoting fontu
have to read this thread clearly to understand the actual method.
definitely
  • #6,360
  • Jan 13, 2009 7:32pm Jan 13, 2009 7:32pm
Quoting prunto
definitely
This Peter Crown post has all you need to trade DIBS.
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