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The DIBS Method... No Free Lunch continues

  • #10,061
  • Edited 5:16pm Sep 19, 2011 4:57pm | Edited 5:16pm
Hi,
Thanks to everyone for your input! Interesting thread. I am ready to test it
BTW, can you please post DIBS TriggerLines v2a (AAD Mods) or the latest one in MQ4 format please? It looks like a great tool and I'd like to be able to compile it in case of some major changes in MT platform later on the track .

Happy trading
Austros
  • #10,062
  • Sep 19, 2011 5:05pm Sep 19, 2011 5:05pm
trade the hot hand pairs only...meaning the ones that are trending big time (making new highs and lows), otherwise dibs will eat your account.
  • #10,063
  • Sep 21, 2011 2:15am Sep 21, 2011 2:15am
How do I find the hottest pairs out there? Any site posting the?

Quoting guppy
trade the hot hand pairs only...meaning the ones that are trending big time (making new highs and lows), otherwise dibs will eat your account.
Patience is magic
  • #10,064
  • Sep 22, 2011 2:44am Sep 22, 2011 2:44am
I am wondering if the candle on the chart here attached complies with the DIBS requirements, as the top is not very "inside" and the wick far extends the preceding hour's close, 6.00 GMT 21/09/2011 if I am not mistaken?
Attached Image (click to enlarge)
Click to Enlarge Name: Dibs 210911Germany 30 (DFB).png Size: 10 KB
Patience is magic
  • #10,065
  • Sep 29, 2011 2:50pm Sep 29, 2011 2:50pm
I Have been backtesting the DIBS method, i need someone to help me backtest so we can speed things up. Anyone willing to do some hard work with me, then give me a PM.
  • #10,066
  • Oct 12, 2011 9:24am Oct 12, 2011 9:24am
  •  goodling
  • | Joined Oct 2011 | Status: Be Extra Patient to Collect Money. | 7 Posts
I don't want to say how wonderfull it is, but it really works.

Forgive me for my bad English, hahaha.

This method includes some spirit,such as [Toby Crabel & Larry Williams->RANGE CYCLE], and [Phantom's Rule 1 & 2->only hold the right position and only increase your size when the position is right]

And it is comfortable for the guys like me who don't like big risk big profit style which makes my heart goes up and down all the times.

In fact, this method's spirit is to accecpt lots of small losses and welcom the rare large profit and follow the trend as possibly as you can.
  • #10,067
  • Oct 12, 2011 2:23pm Oct 12, 2011 2:23pm
This was the very first method I traded 3 years ago and one of the first threads I posted on, when I first got into trading. After system hoping and trying all kinds of methods, I can look back at DIBS and really see the genius of it now.

On one hand if I would have stuck with the method and mindlessly traded it, I'd probably be in good profits today (yes, total speculation). On the other hand if I didn't system hop, read tons of books, and learn more about trading, I'd never reach a point of actually being able to appreciate the beauty of this method.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,068
  • Oct 30, 2011 2:11am Oct 30, 2011 2:11am
Quoting LasVahGoose
This was the very first method I traded 3 years ago and one of the first threads I posted on, when I first got into trading. After system hoping and trying all kinds of methods, I can look back at DIBS and really see the genius of it now.

On one hand if I would have stuck with the method and mindlessly traded it, I'd probably be in good profits today (yes, total speculation). On the other hand if I didn't system hop, read tons of books, and learn more about trading, I'd never reach a point of actually being able to appreciate the beauty of...
Hi Las,

Can I ask if you use this as Peter did on the H1 timeframe.
  • #10,069
  • Oct 30, 2011 2:33pm Oct 30, 2011 2:33pm
Quoting stewrigh
Hi Las,

Can I ask if you use this as Peter did on the H1 timeframe.
Yep H1 at London open.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,070
  • Oct 30, 2011 3:03pm Oct 30, 2011 3:03pm
Quoting LasVahGoose
Yep H1 at London open.
Thanks,
I tried it a few years ago and thought I would try again but find the whipsaws get me every time.

I'll trade a breakout and I'll get in long(or short) only to see it reverse immediately and stop me out. I never get chance to tp on half and BE on half.

Think I need to demo a bit longer I must be doing something wrong.
  • #10,071
  • Nov 12, 2011 9:06am Nov 12, 2011 9:06am
  •  goodling
  • | Joined Oct 2011 | Status: Be Extra Patient to Collect Money. | 7 Posts
Quoting dim4ik42
A word about DIBS.

Well - I "know" how to trade. And I make money. And you are right about that I will make money with any ADEQUATELY strategy if I "know" how to trade.

The key about "knowing how to trade" is mentioning some times yet in this thread. You are probably blind if you have not seen it by now.

The key is taking big win trades (very rarely) through very lot of losses (very-very often). You have to take that profitable TAILS and paid for them through numerous...


hello ,

who is PipMan that dim4ik42 mentioned? any links or posts pls .

i'm confused that there are many usernames like 'pipman' such as piphitman
, PipLand, pipmyride, pipsman.

who is it, heyhey!!!

best wishes.
  • #10,072
  • Nov 13, 2011 1:18am Nov 13, 2011 1:18am
Quoting goodling
hello ,

who is PipMan that dim4ik42 mentioned? any links or posts pls .

i'm confused that there are many usernames like 'pipman' such as piphitman
, PipLand, pipmyride, pipsman.

who is it, heyhey!!!

best wishes.
Hello!

Sorry, I write it wrong - it has to be PinMan (I was thinking about pips a lot lol.). PinMan. This is at first.

And at second - I see you did not read the whole thread, because if you do - then you shoild know about I am talking even considering that typo I did.

Good luck!
  • #10,073
  • Nov 13, 2011 5:15am Nov 13, 2011 5:15am
  •  goodling
  • | Joined Oct 2011 | Status: Be Extra Patient to Collect Money. | 7 Posts
Quoting dim4ik42
Hello!

Sorry, I write it wrong - it has to be PinMan (I was thinking about pips a lot lol.). PinMan. This is at first.

And at second - I see you did not read the whole thread, because if you do - then you shoild know about I am talking even considering that typo I did.

Good luck!
Glad to receive your reply,

Indeed i didn't read all the posts in this thread, hahhaha, too long for me, though I think my English is not so bad to read all the posts using a second language( I'm a chinese guy,), but I have read all the posts of TRT(Joel Rensink) and PC about DIBS, I'm collecting some materials of Joel Rensink from tradersworld magazine, it is not easy for a foreigner , but its valuable to do all the things for trading, we maybe have the same ideal as a trader,hahha I have read the person you mentioned, thanks all the unselfish devotion from great traders include TRT, PC, dim4ik42, james996 ,Razor_trader ,james16, hard1head1 ,etc.,etc.,etc.,etc.

I‘v backtest DIBS by manual, it's not bad. and I trade with it in Commodity futures. Hope everyone trading with DIBS to be a millionare after a sequence of trades(not a trade, hahah, be patient).

Best wished.
  • #10,074
  • Nov 13, 2011 6:39am Nov 13, 2011 6:39am
  •  goodling
  • | Joined Oct 2011 | Status: Be Extra Patient to Collect Money. | 7 Posts
by the way, some articles from 'traders world' magazine issued by Joel Rensink(TRT) as below:

4901 - Issue #1, February 1988 Gann & Elliott Wave
W.D. Gann’s within moves by Joel Rensink
#4902 - Issue #2, Aug/Sept 1988 Gann & Elliott Wave
No Title by Joel Rensink
#4929 - Issue #29 Traders World
Gain an Edge in Trading by Joel Rensink
#4940 - Issue #40 Traders World
THERE’S TIME...ON YOUR SIDE By Joel Rensink
#4941 Issue #41 Traders World
THERE’S TIME...ON YOUR SIDE By Joel Rensink
#4942 Issue #42 Traders World
DANGEROUS SECRETS THAT GUARANTEE AUTOMATIC FOREX PROFITS By Joel Rensink
#4943 Issue #43 Traders World
Trading for Infinite Yield: Utility Theory and You By Joel Rensink
#4944 Issue #44 Traders World
Game Theory for Winners! By Joel Rensink
4945 Issue #45 Traders World
The Return of $3.00 Silver By Joel Rensink

some other video materials of Joel in traders world:
1、 http://www.tradersworld.com/conference/tradersworld_online_expo_presenters7a.html
2、 http://www.tradersworld.com/conference/tradersworld_online_expo_5.html
3、 http://www.tradersworld.com/conference/tradersworld_online_expo_4.html

Hope these help you.
  • #10,075
  • Nov 14, 2011 12:14am Nov 14, 2011 12:14am
I have made some summation of greatest posts of greatests thoughts of this thread. May be you will find this useful.

Take the PDF-file

Good luck!
Attached File(s)
File Type: pdf Peter Crowns D I B S.pdf   2.9 MB | 5,362 downloads
  • #10,076
  • Nov 14, 2011 12:36pm Nov 14, 2011 12:36pm
Fantastic PDF. The first 85 pages make valuable reading. The content of the balance falls quite a bit short of the first 85. ANYONE WHO WANTS A GOOD BASIC COURSE IN WHAT IT TAKES TO BE A SUCCESSFUL TRADER SHOULD READ THE FIRST 85 PAGES.
Great Job!!!


Quoting dim4ik42
I have made some summation of greatest posts of greatests thoughts of this thread. May be you will find this useful.

Take the PDF-file

Good luck!
  • #10,077
  • Nov 14, 2011 8:18pm Nov 14, 2011 8:18pm
  •  goodling
  • | Joined Oct 2011 | Status: Be Extra Patient to Collect Money. | 7 Posts
Quoting dim4ik42
I have made some summation of greatest posts of greatests thoughts of this thread. May be you will find this useful.

Take the PDF-file

Good luck!

Thanks very much , hahha

this pdf is a all star version(more traders in one pdf) compared with previous one.

Thanks for Dim' great work.
  • #10,078
  • Nov 20, 2011 8:15pm Nov 20, 2011 8:15pm
Ok, I see this is a very popular strategy. I am going to start demo account. I like the simplicity of it. I am in EST time zone. I have indicators loaded on charts and like what I see when I back view it.
  • #10,079
  • Nov 22, 2011 11:08pm Nov 22, 2011 11:08pm
Quoting dim4ik42
I have made some summation of greatest posts of greatests thoughts of this thread. May be you will find this useful.

Take the PDF-file

Good luck!
Thank you very much for the PDF. I use DIBS sometimes, but not on the 1HR time frame. I use it on monthly & weekly. It works quite well. Thank you PC & the guy who posted this pdf
  • #10,080
  • Nov 23, 2011 7:13am Nov 23, 2011 7:13am
Quoting phenomenal
Thank you very much for the PDF. I use DIBS sometimes, but not on the 1HR time frame. I use it on monthly & weekly. It works quite well. Thank you PC & the guy who posted this pdf
DIBS on a daily chart is very profitable.
Seek not to change the world; seek only to change your mind about the world
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