I don't know if I agree with the close of the 5 prior bars being indicative of anything.

The DIBS Method... No Free Lunch continues

Keeping things simple and not reading too much into PC's posts is good advice however Peter himself stated point blank with no ambiguity that there were certain inside bars that had an edge over others. But he didn't reveal which inside bars he was ...

The DIBS Method... No Free Lunch continues

Can you please elaborate on how you use the ATR for the purpose of defining smaller inside bars?

The DIBS Method... No Free Lunch continues

I know were at forexfactory, but....from what I've seen, DIBS works better with futures than with forex. Specifically crude oil, es, and gold. In that order. And generally speaking, you want to stick with prime-time only, and avoid after-hours. I ...

The DIBS Method... No Free Lunch continues

Today rallied hard into the close, moving up through the prior weekly low, and forming a very clear intraday bull flag. image This bullish momentum should carry over into early next week...

1% per day in Crude Oil

That indicator was made by a Ninjatrader staff member....so I doubt he would be too interested in making one for MT4. lol And speaking of indicators....here is another one also from Ninjatrader.....it's called the repeater....and can be used to ...

The DIBS Method... No Free Lunch continues

The good folks at Ninjatrader forums just coded a sweet inside bar indicator for use with NT8. image

The DIBS Method... No Free Lunch continues

Here are what my DIBS trades look like using the static superdom. First, I enter using a 1 click stop-limit with one tick of slippage to ensure I get filled. image Once my SL fills, then an OCO order is activated, with a profit target of 1 and ...

The DIBS Method... No Free Lunch continues

One of the keys to trading this method effectively is speed. You have to be FAST with your entries and you need to have the right trading software to accomplish this. Thinkorswim doesn't fit this bill. Ninjatrader however does. Either the lease or ...

The DIBS Method... No Free Lunch continues

Anybody here trade the petroleum report?

Trading Crude Oil with price action + indicator

Peter recommended trading the "hot-hand," that is, the currency pair that was up or down the most the previous day. I personally however don't even use DIBS to trade Forex; I use it for trading crude oil and gold. And I only enter trades that are in ...

The DIBS Method... No Free Lunch continues

Quite similar indeed! Reading through Toby Crabels book really got the wheels turning, especially the section on price patterns. Two of them are inside bars. ID NR4 (inside day four day narrow range) and ID NR7 (inside day seven day narrow range). ...

The DIBS Method... No Free Lunch continues

Attached...however, it unfortunately only works with thinkorswim.

The DIBS Method... No Free Lunch continues

I've got an indicator as well, but it's for thinkorswim. PM me if you want the code. image PS - I've been reading a book by Toby Crabel called Trading With Short-Term Price Patterns. Peter definitely got some of his ideas for DIBS from here, no ...

The DIBS Method... No Free Lunch continues

Note the appearance of an ID/NR4 pattern (inside day, and four day narrowing range as defined by Toby Crabel) that reversed the downtrend. image

Trading Crude Oil with price action + indicator

Crude oil along with gold are great for breakout traders....some really incredible moves can be had, especially early in the trading session.

Trading Crude Oil with price action + indicator

Nice looking chart....the black candles really pop up off the grey background. Easy on the eyes too....when you're sitting there watching a screen for hours, it helps a lot if it strains your eyes as least as possible. This is why I personally only ...

Ratios & Harmonics: a Different Way to Trade

Gold headed to 1100 based on the head and shoulders top. Lower wouldn't surprise me either, with a combination of dollar strength, rising yield and optimism from President Trump's policies. I'm not a gold hater either. I love gold (and silver) want ...

Only Gold!

Yes indeed, splendid job....and at a glance, I think the best trade was entry #2....where the inside bar formed right next to support. I've noticed some of the best breakouts are like this....setting up right on top or below key areas of support and ...

The DIBS Method... No Free Lunch continues