time for bed all,
Ill catch you all tomorrow for the open of a new day.
May the pips be with you
Ill catch you all tomorrow for the open of a new day.
May the pips be with you
The DIBS Method - No Free Lunch Returns 13 replies
No Free Lunch but all the Free Coffee you can drink 736 replies
Peter Crown's DIBS method revisited 14 replies
DIBS Method EA 11 replies
Problem using Dibs EA 4 replies
DislikedHi All,
I've been reading a fair bit about the DIBS system including all Peter Crown's posts (and what a guy for sharing such knowledge - if you still peruse these threads, thank you so much). It does fill me with some confidence that seasoned posters on here regard his posts as some of the most valuable they've seen on here.
I'd make the following comments on this thread: People on the most part don't seem able to read. It seems to be littered with "improvements" and "variations" on the system which by the sounds of on the whole to be very...Ignored
DislikedDon't usually trade gbpjpy, but this was an exception.
Yellow line is open/close, blue lines are entries.
Blue lines are kind of hard to see. SorryIgnored
DislikedI was actually short into that low and I reversed based into major support area. With the inside bar going into london, it seemed pretty low riskIgnored
DislikedHi All,
I've been reading a fair bit about the DIBS system including all Peter Crown's posts (and what a guy for sharing such knowledge - if you still peruse these threads, thank you so much). It does fill me with some confidence that seasoned posters on here regard his posts as some of the most valuable they've seen on here...etc.Ignored
DislikedHaving looked further into this (and I suppose contradicting my earlier post - sorry) there is a very useful post from johnedoe regarding use of SMA indicators to filter less likely trades (or rather, to advise on likely price action and momentum).
http://www.forexfactory.com/showthre...=56907&page=37
so in that case, with a breakout that isn't following the 24 or 10 SMA trends, I'd maybe consider holding off that trade, and would have taken the trade on the upside breakout of the next IB (as it happens it is consecutive IBs...Ignored
DislikedSlideDog. Just read your post.
As far as I'm aware, this 'edge' Peter mentioned has not been revealed. If it has, I would be grateful if someone could share more on that. (Yes, I have read Peter's posts numerous times, believe me.)
Ignored
DislikedTrading DIBS "AS IS" works. Once you start filtering, you will miss the big ones. Knowing when to ride vs. taking profit, maybe be what Peter Crown is alluding to with the "all breakouts are not the same". I don't know, I just trade.Ignored
Disliked"And, contrary to some common beliefs, not all breakouts are the same. I know which breakouts have 2 - 5 times the edge of similar-looking breakouts others take, get frustrated with, and likely lose money trading if they don't have perfect skills."
This paragraph has stuck in my craw for the last few weeks, and I know others are curious about what this means too.
Ignored
DislikedCommon sense.
An IB of 20 pips in a downward trend will, if it breaks lower, more likely go to at least BE and potentially retrn far more than an IB of 75 pips in a ranging market.
If the market is showing no clear trend then are the chances only 50/50 at best that the market will breakout of that channel?Ignored