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  • #601
  • Mar 10, 2009 11:32am Mar 10, 2009 11:32am
Quoting Dreamliner
For example, I used to teach flying. If you came in to learn from me, and let's say it is your first flight, would you rather I give you general hints, vague statements such as "just go fast and pull up and all will be well" or would you rather I help you with baby steps and make specific statements about what to do and when.

For many, Forex trading is as hard to learn as flying airplanes, and I for one appreciate it when someone will stop hinting, stop being so vague, and tell me how to learn to fly Forex!

did you teach them to fly for free?

PC never asked for a penny from anyone and gave his time willingly. Why should he have to answer every obvious or repeated question?

Don't look a gifthorse in the mouth.
  • #602
  • Mar 10, 2009 2:36pm Mar 10, 2009 2:36pm
Quoting foredog
did you teach them to fly for free?

PC never asked for a penny from anyone and gave his time willingly. Why should he have to answer every obvious or repeated question?

Don't look a gifthorse in the mouth.
You're right. You get what you pay for.
  • #603
  • Mar 15, 2009 2:31am Mar 15, 2009 2:31am
Quoting fsiltd
^^
Hey there Peter.
I can't seem to see your chart. Is it just me?
not just you..
  • #604
  • Mar 15, 2009 2:40am Mar 15, 2009 2:40am
Quoting vivadaha
not just you..

http://www.forexfactory.com/showpost...4&postcount=25
Not all sins are created equal
  • #605
  • Mar 20, 2009 8:35am Mar 20, 2009 8:35am
PETER CROWN was HERE this week.
TRO
  • #606
  • Mar 20, 2009 8:53am Mar 20, 2009 8:53am
Quoting Money4Nothing
PETER CROWN was HERE this week.
thanks
  • #607
  • Mar 26, 2009 3:18am Mar 26, 2009 3:18am
Quoting Money4Nothing
PETER CROWN was HERE this week.
Do you know what other time frame that peter mentioned was statically able to work?

Thank you
  • #608
  • May 28, 2009 3:57am May 28, 2009 3:57am
I can't help but note so much negativity in these forums. I personally see so many nuggets of information that have been extremely beneficial to my trading. Peter to me is one of the best I have discovered on FF.
I see so many people on this thread that note they have had no success with this method and I wonder if it has anything to do with the amount of trades they have taken and how consistently they have been with their strategy.
I have been trading this method for the last month and the results have been excellent and also note I haven't been picking the hot hand and haven't tried to filter the best trades, I just take the trades. I have been trading it as per Peters rules as I understand them and find it a very simple and robust method. One thing peter said that really stuck in my head is this - with a simple trailing stop just one of these trades can make your profits for the year. This led me to the conclusion that you can expect plenty of losers but once you encounter a trend ("THINK TREND DAY") the potential rewards can be huge.
Another thing I have noted personally with trading methods is that the ones with the best rewards generally win less than 50% of the time. This is something that I think most struggle with as I did for many years, But once you grasp this concept you will soon note an upward trend in your equity curve.
I feel you need to have a fairly large parcel of trades to form a realistic evaluation of a method. I don't understand computer programming but as bill stated earlier i find it hard to understand how you can back test these things as there are so many variables. I personally test all my methods in real time until I am comfortable with them and have ascertained that they have an edge.
I am curios have others had these same sort of results with this method, I ask this to the likes of Billfillet and shodd and other long time followers of this method.
  • #609
  • Jun 3, 2009 4:13pm Jun 3, 2009 4:13pm
Hi Guys
I am just starting to trade the DIBBS method.

Please tell me, if you place a pending order and it does not get filled, how long do you keep it? Would you only close with a reverse trade signal or
6-9 hours later?

Many thanks for your asistance

Regards
  • #610
  • Jun 3, 2009 6:32pm Jun 3, 2009 6:32pm
Quoting traderlin
Hi Guys
I am just starting to trade the DIBBS method.

Please tell me, if you place a pending order and it does not get filled, how long do you keep it? Would you only close with a reverse trade signal or
6-9 hours later?

Many thanks for your asistance

Regards
Hi Traderlin
I think peter states that he will leave a dibs for up to 6 hrs or so,I have no problem leaving them there for the session which i call the first 10 hrs, If price is moving in the opposite direction strongly then I will cancel it after 3-4 hours, this is just a personal thing though. Good luck with the dibs I have been trading it for a couple of months now and find it to be an excellent entry method.

Cheers
Perrry
  • #611
  • Edited 7:17pm Jun 3, 2009 7:15pm | Edited 7:17pm
Quoting traderlin
Hi Guys
I am just starting to trade the DIBBS method.

Please tell me, if you place a pending order and it does not get filled, how long do you keep it? Would you only close with a reverse trade signal or
6-9 hours later?

Many thanks for your asistance

Regards
well, very hard point, very personal... Peter said the best breakouts are early in the London Session... the best, those "hit an run" breakouts which price never look back.

Since IB = indecision, I personally use the not-triggered IB for the first 4-5 hours, since price has not moved too far to the "wrong" side... If it's stalled, we keep waiting for the market decision...., I think it's a valid setup... After NY/London overlap, I would be very careful taking the trade..

Hope that helps...

cheers!

HT

PS: Sorry Bemac, didn't realize it was "No Free Lunch" thread....

Guys, we better off discuss those DIBS setup at jarro's thread, please....
Many share my views with me. But I don't share them with them...
  • #612
  • Jun 4, 2009 10:09am Jun 4, 2009 10:09am
Thank you for your help, it all makes sense to me.

Regards
  • #613
  • Sep 14, 2009 6:09am Sep 14, 2009 6:09am
Hi first time poster but have been active on other sites.

Ive been going through this thread with great detail and am so excited as this could be something big to me.

Ive been with forex for about 2 years trying various methods etc etc – learning learning and possibly this could be the break.

Im still not 100% sure about the method and was wondering if any of you would be happy to post the trades you take from the 4-5 main pairs every day with a graph to illustrate - then if any questions we can ask.

Would be great to make this work for us all… Thanks
  • #614
  • Sep 15, 2009 3:24am Sep 15, 2009 3:24am
hi all

Am i correct in saying so far today using the DIBS method from 6am there has been no inside bars yet to trade.

Im looking at 5 pairs

gbp/usd
gbp/yen
usd/chf
usd/jpy
eur/usd

thanks
  • #615
  • Sep 15, 2009 12:20pm Sep 15, 2009 12:20pm
Quoting gonnamakeit
hi all

Am i correct in saying so far today using the DIBS method from 6am there has been no inside bars yet to trade.

Im looking at 5 pairs

thanks
Here's a link to the DIBS thread:

http://www.forexfactory.com/showthre...86766&page=579

It would be the best place to ask DIBS questions.
  • #616
  • Oct 27, 2009 2:46pm Oct 27, 2009 2:46pm
Quoting PeterCrowns
You might not have thought much about this yet, but when you finally get to be successful at this, you are going to have many trading opportunities closed to you that NOW you can just trade blithely with a small account.
Is it possible, that Mr. Peter Crowns meant with the emphasized part something else than "trading with huge size is going to be problem once you are good a.k.a. brokers won´t like you"?

The more I learn the fewer trade possibilities I see (hence the "closed trading opportunities") - with increased reliability of course.
Im curious if anybody except me thought of this.

Bluefish
  • #617
  • Nov 1, 2009 6:42am Nov 1, 2009 6:42am
Quoting bluefish
Is it possible, that Mr. Peter Crowns meant with the emphasized part something else than "trading with huge size is going to be problem once you are good a.k.a. brokers won´t like you"?

The more I learn the fewer trade possibilities I see (hence the "closed trading opportunities") - with increased reliability of course.
Im curious if anybody except me thought of this.

Bluefish
Yes I would say it would have to do with the size of lots that you try to clear through a broker. Jacko who trades a good number of standard lots spreads his through 4 brokers (200 Stand Lots / 4 brokers<--- Something like that). I guess it is something that you would have to reach to really know but im sure you would get some good hints along the way, 1 way or another.
  • #618
  • Dec 7, 2009 9:06am Dec 7, 2009 9:06am
is the time limit for entering a trade one hour after a IB closes, if not, what is the limit?
i have read all of PC's posts and most of all three related threads related to this system i have found.
  • #619
  • Dec 9, 2009 9:18am Dec 9, 2009 9:18am
I am implimenting the DIBS strategy into my forex trading plan. Can someone please advise me as to which moving averages are incorporated into this method? I am not concerned with moving averages used for trailing but for support and resistance. I am trading the DIBS technique on the hourly set ups.
Thanks
CC!
  • #620
  • Dec 9, 2009 9:44am Dec 9, 2009 9:44am
MA's for support and resistanse imho is bullshit. Try round numbers and plain S/R levels.
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