>> Someone else will have to answer this, I am a visual trader not a techie. You're not interested in how the chart is constructed? Why would you want to trade using something you don't understand - and I'm not talking about the code but the general ...

NITRO Scalping for serious traders

Doc/Jazz How can you test visually with 10 pip Renko blocks? After a block forms and until the next one forms all you know is that price is somewhere in a 30 pip range (not more than 10 pips from the top or 10 pips from the bottom). How does that ...

NITRO Scalping for serious traders

Blunderbuss congrats on pips but on my data the inside bar at 12 GMT was below the day open price and could only have triggered a short entry.

The DIBS Method... No Free Lunch continues

Hi dim4ik42 yes the rules for taking profits was any close over 100 pips in profit. You can look at the list of trades to see how far some of them were above that. There is nothing really special about 100 pips, although its approximately 0.5 ATR. ...

The DIBS Method... No Free Lunch continues

ok - slightly misleading the text should read Average Win/Average Loss 6.27 I'm calculating Kelly ratio using %win - (%loss)/(Avg Win/Avg Loss) In theory it gives the optimal fraction of your account to risk to maximise compounding. However you ...

The DIBS Method... No Free Lunch continues

You're under-capitalised to be a professional trader if you are worrying about next months bills. Get a job.

Consistent daily/weekly profits

Euro results — I've been back testing DIBS using the limited intra-day data that I have. These results are using the Euro futures contract (6E) for the last 3 months - from 1/6 to 21/8. Its a bit better than the results for the whole year but ...

The DIBS Method... No Free Lunch continues

Time by itself is not useful - its some characteristic about that time that is important e.g volatility, volume, number of traders who are awake. I'd avoid any system that just says 'take trades between 0300 and 0700 GMT' because if the author ...

Gmt time - wrong or right

EUR DIB — DIB formed in consolidation and broke to downside. 5 min chart shows retest of breakout level. Small profit as we approach ADP numbers... as always entering trades is easy, managing them more difficult.

The DIBS Method... No Free Lunch continues

I'm not sure back testing with that amount of data is going to be much more useful than a few years. Essentially in a rangebound market you are going to want to take profits and in a trending market trailing with wide stops is going to work best. ...

The DIBS Method... No Free Lunch continues

This always makes me laugh url Not sure it will help you with your essay

How and Why Does Price Move? Who and What Moves Price?

80% accurracy on 1 hr bars (with reasonable stops) - dream on. I'm with Razor in that with DIBS you should just take the entries as they come. What makes more difference is where you start scaling out. The later you make this the better. Often on ...

The DIBS Method... No Free Lunch continues

8drem - I don't know why you think that. DIB on EUR has had a solid week. By my reckoning there have only been 2 DIB trades this week both on Thursday. One was a scratch, the other would be still open and has 200 pips for a 40 pip risk. All of the ...

The DIBS Method... No Free Lunch continues

one more things - all those systems with 1:20 risk/reward are just blow-ups waiting to happen. If you are trading with a 50 pip TP and 1000 pip STOP you are making a bet that the market is rangebound within an admittedly wide range. If the market ...

Important – Why systems are profitable (or not)

Nice graphic on the weighing scales. My opinion is that the all markets are unpredictable most of the time. The trick for a trader is to find small pockets of predictablilty where the odds of a trade are in your favour. There was an example on ...

Important – Why systems are profitable (or not)

What are the reasons people trade without a stop loss? - my guess would be The best place for a stop would mean too large a $ loss if it is hit (and it will be) I'm always right so a stop loss is unnecessary I like holding my losing trades until I ...

Trading without a stop loss!

USD/CAD — If the recent USD strength continues we may see a breakout on USD/CAD. The daily chart has had resistance at 1.1355 and the hourly chart has been pushing into that area on the last two days.

No Brainer Trades

Zuret9, from your post it sounds likes you are trading s/r and the DIB isn't adding anything - espescially when you say you wait for s/r to break and a DIB to form. Looking at the GJ chart you posted here's my read of it - GJ in an uptrend - forms a ...

The DIBS Method... No Free Lunch continues

what? the Friday close breakout method. I think the IBs are telling you that its the weekend. LOL. Seriously though might get some volatility over the weekend with the Iranian election results.

The DIBS Method... No Free Lunch continues

>> Just wanted to get some ideas on how to incorporate DIBS with the Support and resistance I'm not sure it makes any sense to try for the following reason - DIBS is a breakout method while trading support/resistance is a counter trend system - ...

The DIBS Method... No Free Lunch continues