gratulations razorboy!
i think the possibilities of AUD.USD to be a longterm winner is good.
another IB now!
i think the possibilities of AUD.USD to be a longterm winner is good.
another IB now!
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Dislikedgratulations razorboy!
i think the possibilities of AUD.USD to be a longterm winner is good.
another IB now!Ignored
DislikedHi this is my first post on FF and i have been going thru the DIBS method and its fantastic i love the simplicity and effectiveness .
Whilst going thru historical data on cable and circling open bars, IB's buy and sell points and stop loss and TPP i noticed that it maybe possible to use IBs in a shorter time frame as a type of scalp. Now im a total novice but this just came to me whilst looking at charts:
It may be possible to take a trade either side of the open and close of an IB irrespective of the daily open, so when PA closes below the IB...Ignored
DislikedHi this is my first post on FF and i have been going thru the DIBS method and its fantastic i love the simplicity and effectiveness .
Whilst going thru historical data on cable and circling open bars, IB's buy and sell points and stop loss and TPP i noticed that it maybe possible to use IBs in a shorter time frame as a type of scalp. Now im a total novice but this just came to me whilst looking at charts:
It may be possible to take a trade either side of the open and close of an IB irrespective of the daily open, so when PA closes below the...Ignored
Dislikedi took these 4 great IBs this afternoon and night.
another IB is showing up now, but i am a little tired.
they are really working pretty well in the night sessions.
i think the fact that chinese are heading to a superpower will also generate a lot of serious traders in the asian area. so this time will become more and more important in trading DIBS.Ignored
DislikedHi Guys,
I have read this thread multiple times and have always been intrigued by the potential of the method. However, when I backtested the strategy, I found that it is not a consistently profitable strategy.
I tested it on the 4 hr timeframe and across multiple timeframes and results were highly discouraging.
Here are the rules I followed -...Ignored
DislikedInteresting that the last EUR/USD H1 inside bar failed. No wonder I'm paranoid. I was lucky - I broke the rules and moved my stop.Ignored
DislikedAdding to the above post, if I add S/R and Fibs to the charts then I can and have traded DIBS profitably. However S/R and Fibs can be so subjective at times that it is almost impossible to code and backtest.
I guess the real power of DIBS might be in being discretionary about trading IB's but then if that is the case, how does one be really sure about the long term validity of the method to continue to trade it despite the long string of losses that will occur quite frequently with this method.Ignored