Dislikedguys ive just been diverted to thisthread from t2win and wanted to know if the hourly inside bar method is the same as in the first page,many thanksIgnored
Welcome aboard
The DIBS Method... No Free Lunch continues
- #7,281
- Mar 27, 2009 5:04am Mar 27, 2009 5:04am
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
- #7,282
- Mar 27, 2009 5:10am Mar 27, 2009 5:10am
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
hey, did anyone catch this trade? this is my first trade with dibs method and it seems like a good start.
God bless
From the looks of the IB the risk was quite small meaning you right now would be well up on 1:5 Risk/Reward. Congratulations. The question is, how long can you hold it (hand firmly on the eject button)
Ive been watching small breaks like this for 6 days, i am hoping it breaks the 4 hour support and stays below. If it does there is support the 3400 but apart from that is it south from there. The massive candle from last week was a strong move up which offers no real relevent support level. The bottom of the channel that it has been in is around 3250,3300 so we may be on our way there.
Take care and once again well done. It is trades like these that make the losses a little less significant
- #7,283
- Edited 5:59am Mar 27, 2009 5:25am | Edited 5:59am
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
I ran across Peter Crown's original post's last week and decided to investigate this inner bar strategy. I don't use metatrader, but have my own trading simulation framework. In all my testing, every system does not over come the costs of the trades. Usually optimization techniques, using AI's or other approaches are needed to over come this cost in back testing. The problem with optimization is curve fitting and repeating result in out of sample tests. Usually all my attempts at optimization have failed to repeat in out of sample testing.
This...
I am glad that you have taken sometime to back test it and you have found positive results.
I have been trading this method for a month now (very part time I must add due to work commitments, damn work
) and whilst I havent had the best results, I have looked at the charts every day and plotted the IB that have been tradable and I am still suprised at the minimum risk to potential reward that they show. If I could afford to take the time to sit down for a week and trade this method Im sure that I could take 2 weeks off, then 3 and then retire, but my wife wont allow such a risk. If only it was easy to show her the potential reward lol.I will trade this method for a long time to come. It is simple, easy to execute and walk away from without checking this and checking that. My charts have never looked clearer, no clutter.
I hope to see you post your future trades. May the pips be on your side for long to come.
take care
- #7,284
- Mar 27, 2009 5:34am Mar 27, 2009 5:34am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #7,293
- Mar 27, 2009 9:26am Mar 27, 2009 9:26am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Nice thread this,joined in two hrs ago up 46 ticks locked in 30 nice for a first trade
Here's hoping all your trades run so smoothly. I'm still trying to figure out how spelarcs got into the euro trade at 0500 gmt and in the wrong (right it turned out) direction. Turned out to be the right direction. 
How can you knock it?I think my brain needs a rest.
Gone to a better place
- #7,296
- Mar 27, 2009 9:46am Mar 27, 2009 9:46am
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
I ran across Peter Crown's original post's last week and decided to investigate this inner bar strategy....
I think that the true students of this approach have already bookmarked but still unwilling to respond to your post.
The belief being...
A Secret Society can aquire more by remaining Secret.
Do I contribute to this fallacy?
Of course not. That's why i opened it.
If Jarroo hadn't picked up the baton, we wouldn't even be discussing this {Thanks Jim. I wish I could give you an additional 10 Vouches but se la vie.}
Just try to imagine How many {potential} Traders you have assisted.
I can't.
- #7,297
- Mar 27, 2009 10:39am Mar 27, 2009 10:39am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
The belief being...
A Secret Society can aquire more by remaining Secret.
Gone to a better place
- #7,299
- Mar 27, 2009 10:53am Mar 27, 2009 10:53am
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
When looking at inside bars, I often see a false breakout by a few pips. How do you try to avoid that?
If you trade the situation you will get the results based on the unknown. Ie you never know what will happen. This is true for breakouts, continuations, long term, short term you name it
As traders all we can do is take the signals, work out the risk and either execute the trade or stay on the sidelines.
What you see as a result of the past is exactly that, the past. There is absolutly no way to avoid false breakouts. If someone could then please post your methods im sure all would like to get rich avoiding the risk of a false breakout.
This post is not intended to be a stab at you or your ideals, just a simple wake up call that no one has control after the fact to control the direction, unless you have a trillion dollars that you risk at once, even then you might get your small swing