Indeed.... the simplicity of this method is almost unbelievable... Choppy markets are where the big fishes slay the small ones... It's also my big challenge... I'm glad that you brought this great method to light. Thanks! Cheers! HT

1H Trend

Hey, guys... is this thread fading to black () ??? Indeed GBP 5min was a mess... I'm using it on 15m with nice results.... look at the Japan Airlines flying.... Cheers! HT

1H Trend

Maybe it's just a 480SMA? (24h x 20 days=480 bars on 1H TF) Cheers HT

The DIBS Method... No Free Lunch continues

Hey gnomefan, what do you mean, mate? 1H is the TF that the system was developed.... Remember.... charts have TF... Mr. Market doesn't have TFs.... Of curse, the big money traders use charts, but an IB means always indecision, on any TF, ...

The DIBS Method... No Free Lunch continues

Nice grip, prunto! DIBS is simply about high probability entry points, early management (the "free ride"), with low risk.... WOW... that's all we're looking for!!! The rest of the trade management, after the free ride achieved, is ...

The DIBS Method... No Free Lunch continues

Hi, bigjim... PC rules states about high probability trades, right... If we got an IB to go long, above the daily open, and above the weekly open, we got a really "Hot Hand", go get it! But if this long setup is for example, too close to a strong ...

The DIBS Method... No Free Lunch continues

Hi gnomefan... You can't understand this method or the use of the indicators cause this is a virtually no-indicators method... You really have to get the grip to this trading style without the indis first... If you read Peter's posts that ...

The DIBS Method... No Free Lunch continues

Amem!!!

The DIBS Method... No Free Lunch continues

Still around, mate! Been very busy with my "impatients" lately... NIce trade on US/CAD.... The "hard" rules are not that hard.... Many times we see the price moving in the "right" direction, but in fact it's only sniffing the stops, mainly in a ...

The DIBS Method... No Free Lunch continues

Kind of.... if we think in short therm, wich zone is the last support, for a long (or rsistence, for a short)? It's the last bounce of the price. Of course, there are in higher TFs the stronger S/R zones that e must be aware of, but if we are ...

1H Trend

Since the 80EMA is a kind of "line in the sand" for this method (above the channel >> long and vice-versa) I guess that would be a interesting zone to put the stop-loss. As the trade develops, whatever TF you trade, you could also trail your SL on ...

1H Trend

Been with an eye on this thread for some time, and it seems a pretty simple (which is excellent!) and reliable method. I completely agree with spmaon... meybe our best efforts to "optmize" something that is already good would crash the ...

1H Trend

Cheers!

The best support and resistance levels

Indeed! I prefer use S/R "zones" instead of lines/levels..... I (personally, no offense to its fans) just hate Fibs (just can't figure them.... my thick doctor mind just can't reach it....). So I visually identify the "hesitation" zones and set them ...

The best support and resistance levels

S/R levels rely on Time Frame.... the last 1H bar's low is some kind of support? Or the last Week's candle? Yes and no.... What I've seen is price respecting S/R many times.... and price ignoring S/R levels many times.... When it will ...

The best support and resistance levels

Hey.. the ONLY thing we got for sure when you push the button is you have to pay the spread.... So, as somebody has already mentioned, pick up some exotic fancy pair with a huge spread and keep pushing the button.... entry/close... entry/close.... ...

I want a losing system

Yep!!! What a weapon!!! Maybe the thread is a bit quiet but the concept is alive and growing.... Hey Prunto... take a look at NowAndLater posts ... great info there about 4H and even 8H IB's.... Cheers! HT

The DIBS Method... No Free Lunch continues

Nice consolidation pattern... I missed it.... For me is an "extension" of the IB concept.... (or N4R.... whatever..) many IB's in a row.... HUGE indecision. One could alway try a straddle approach, but based on the sinking chart (lower lows...) ...

The DIBS Method... No Free Lunch continues

Don't chase the market... wait for the market.... just say "come to papa...." Most times, if you got a load of money and your hands are itching to pull the trigger, it's smarter (not easier) you just sit on your pile of cash and wait for the ...

Help explain Livermores' quote

image OUCH!!!!

The DIBS Method... No Free Lunch continues