I didn't - whilst it panned out to free-ride, I was struggling to see any price action from higher time frame bars. Whilst it broke out of the lower side of the 1hr channel for the last few hours, it was downside of the 4h channel without making a ...

The DIBS Method... No Free Lunch continues

I blew half my account (fortunately not a complete wipeout!) on having the mindset that to make money you needed to have more winners than losers; It was only on reading PC's first posts that the penny dropped that reward vs risk is what it's about, ...

The DIBS Method... No Free Lunch continues

Some VERY rough testing — Since I took the view of a couple of others and didn't take any positions ahead of the numbers today, I did some very manual stepping through of some positions for March. I did this without any discretion - ignoring ...

The DIBS Method... No Free Lunch continues

Cheers mate - it's coming together, slowly. Although I wish I'd kept in on the EUR-CHF from yesterday now! Sometimes keeping emotion out of it is easier said than done... Do you trade the normal 6AM GMT even though you're in Oz? Bit miserable I ...

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anskaven - as I said, no-one on here will give you anything on a plate. If you look through the thread the people that help each other have built a rapport previously. You storming in with "tell me the answer" or "that wasn't very helpful" will end ...

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Hi anskaven, This thread is a bit long at nearly 500 pages, but it makes worthwhile reading. The best advice I would give you is to do what I did - read through the original "no free lunch but all th free coffee" thread: url Try to get your head ...

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I wish I had done now. I didn't, on the grounds that it was a 47 pip bar, but I neglected to look at the 4h trendline, which would have been breached on the breakout and should have taken it. Nearly went to free ride. I think I'm going to have to ...

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The 6am bar is an IB - just... 14-pip range (including spread). So currently running at 5:1. nice

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and being new to all this, I chickened out and closed at 15180 (I took 3:1 as a target because of the downward channel). If I'd followed the SMA rules I'd still be in, and it's now over the topside of the channel. Will have to see whether I was ...

The DIBS Method... No Free Lunch continues

ignored the GBP-USD - 52 pip range...

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I'm in on the EUR-CHF... And I asked myself why. Trendwise it's in a downward channel where it might hit 15180 to 15200 in a few hours. It's found the edge of the downward channel and has since rallied, but finding the resistance at 15130. Having ...

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With you completely, and so I suppose I'm contradicting my first post (again) where I was critical of those who came in late and asked the same questions without reading around the subject - in that it appears I'm asking for information on what ...

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great post, thanks for the info!

The DIBS Method... No Free Lunch continues

Hi Spicy Post here backs you up - but with comments about equity levels being less choppy if one uses the Free Trade method. url

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Hi Razor, another great post. This makes sense to me. As far as DIBS goes, there is no defined exit. PM mentioned the free ride at 1:1 but after that it's down to the comfort level of the individual trader. Your system sounds good to me. I didn't ...

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Lightbulb Moment — Just stepped back through a couple of days' IB formations on various pairs and this is a seriously useful post IMHO. I think you've shown me how to read what the candles tell me rather than just OHLC and direction, which is ...

The DIBS Method... No Free Lunch continues

Certainly seemed to work for your EUR-USD long...

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Do you use a MA-based TP signal? Razor_Trader does, I think he closes half a lot on one MA trigger and the rest on another. Strictly speaking you shouldn't be in that trade at all though according to DIBS rules - would you advocate a slightly wider ...

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Given the strong movements on GBPUSD and EURGBP, I'm not sure how strong a hand EURUSD will be. EURCHF could break either way (straddles opening), trend is slightly down but MAs are converging. USDCHF might push up if it can break through.... EURJPY ...

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Perhaps you've hit the nail on the head. Could it be that IB candles with long wicks and tails and a small body (particularly if over 50 pips overall range) are the 'bad' IBs, but the lowest range candles, particularly if wicks/tails are not much ...

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