From my own visual back tests of DIBs, I get the picture that the big winners can be best located by the following:
1. Only take a long if it is above the week's open (6am Monday) as well as 6am that day, and vice versa for short.
2. Look for reversals near historic highs/lows. For example, if a pair is making a 1 year high, keep an eye out for a short DIBS trade that qualifies under 1. above. There is always a reversal sooner or later right? This can get you in on a thousand pip move once in a while.
3. Another place to look is by combining DIBS with Vegas 1 hour method. When price is lingering around the 1 hour tunnel and the 12 EMA is also there, this can be a great place for a big move to start. Look for a DIBs trade close to the tunnel.
Hope this helps someone. Of course, these trades don't come along every day, to put it mildly. But they sure are healthy for your equity curve when they do.
1. Only take a long if it is above the week's open (6am Monday) as well as 6am that day, and vice versa for short.
2. Look for reversals near historic highs/lows. For example, if a pair is making a 1 year high, keep an eye out for a short DIBS trade that qualifies under 1. above. There is always a reversal sooner or later right? This can get you in on a thousand pip move once in a while.
3. Another place to look is by combining DIBS with Vegas 1 hour method. When price is lingering around the 1 hour tunnel and the 12 EMA is also there, this can be a great place for a big move to start. Look for a DIBs trade close to the tunnel.
Hope this helps someone. Of course, these trades don't come along every day, to put it mildly. But they sure are healthy for your equity curve when they do.