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Thread: No free lunch but all the free coffee you can drink

  1. #441
    [</br9>https://forexintuitive.com/attachments/forex1496056789.png[/img]

    Quote Originally Posted by kropotkin77
    There's the difficulty in one single line.

    There aren't any bogus inside bars. It is both an IB or it is perhaps not. Everything you are alluding to, although not stating, is the way to prevent losing trades. The fact that you cannot even say that's intriguing.

    As we have all observed here on these newsgroups, the one continuous among most of the folks here is the undying urge not to lose trades. It is why techniques begin one way in the very first post and then 200 webpages after it is un-recognizable.

    If folks place their time plus effort into learning the way to trade by taking losses as element of the company then there would be mo-Re more productive traders. But one point I know to get a truth after all my years is the world does not transform.

    I recall my mom telling me when I was a child that if I place as much vitality in to my school-work as I did seeking to get free from it, then my lifestyle could be a lot simpler. She was appropriate. Exactly the same holds correct when planning on taking losses and being an effective trader.

  2. #442
    Quote Originally Posted by kropotkin77
    There's the difficulty in one single line.

    There aren't any bogus inside bars. It is both an IB or it is perhaps not. Everything you are alluding to, although not stating, is the way to prevent losing trades. The fact that you cannot even say that's intriguing.

    As we have all observed here on these newsgroups, the one continuous among most of the folks here is the undying urge not to lose trades. It is why techniques begin one way in the very first post and then 200 webpages after it is un-recognizable.

    If folks place their time plus effort into learning the way to trade by taking losses as element of the company then there would be mo-Re more productive traders. But one point I know to get a truth after all my years is the world does not transform.

    I recall my mom telling me when I was a child that if I place as much vitality in to my school-work as I did seeking to get free from it, then my lifestyle could be a lot simpler. She was appropriate. Exactly the same holds correct when planning on taking losses and being a productive trader.
    I actually appreciated reading your post. I see you might have been around this excellent forum longer than I.

    I heard my Mother down the road after I experienced it all-in the reverse path merely to verify the difficult way in the college of existence that she was appropriate. It was somewhat with Demo trading such as the beginning of my foreign exchange trading trading livelihood during September 2003. I began trading with actual capital for customers during March 2006. My first 75 trades were ALL successful ones and my customers funds doubled in the room of A FEW MONTHS months to $50, US from $25,000 000 US.

    That was amazing but it gave my EGOTISM more Power than was wanted. I began never to wish to reduce any trade also it got me in to difficulty.

    The MOST CHALLENGING loss that I actually took was my FIRST reduction ACTUALLY in Forex Trading with Real Funds. It was my first one although the REDUCTION was just $100 US.

    It wasn't the cash ... It was my EGOTISM

    Finally my Common Sense Put My Ego in the correct spot.

    Thanks for the opinions and by my very own expertiseYou're on.


    Bruce

  3. #443
    I've, like several others here, invested several countless hours examining the themes of chosen contributers here. (member from Dec. 2006 actually)

    Peter's contribution here, IMHO, has produced these several 100's of hrs worth every moment.
    Amazingly he did it all in a just 39 post. I truly find that facet fairly enjoyable.

    Thank you for taking the time here Peter.
    I believe that there'll be a little few that will forever be grateful you did.

  4. #444
    No registrado
    Guest
    why are ppl consistently getting me wrong,this is wat I mean ,i didn't say there wont be losses but wen u are certain of wat u doing it provides u self-confidence even in the event you drop,its maybe not every interior tavern u see that's large chances of successful wat am stating is dis because u noticed an IB u just dnt bound to the trade there are several other things u will contemplate,hav a g8t week forward

  5. #445
    I wish to thank Peter Crowns to take his time and risking sharing his insights and expertise. I'd like to ensure you that you'll find many who have benifited from your postings, Peter if you sometimes read this thread, plus some have even discovered of an IB. There'll be few who'd project this benefit in to trading that is lucrative, yet others are going to simply compose many postings that are new. To some amount that is small the ensure created by the urge to aid others, and in exactly the same time who never shall be filled, and not being devoured alive by those that need more is understood by me. To the disciplined and identifying ones really valuable insihgts has been given by you and I do trust that you'd attain a level of satisfaction by helping people who work difficult to greatly help themselves.
    I desire all of you the best and many lucrative trades.

  6. #446
    Quote Originally Posted by CarGa13
    There are a few us who've been trading DIBS from the beginning. Our win rates QUITE low, our return on investment quite High. That will let you know something.

    Don't trade to be appropriate, trade to make funds as Peter h AS shown
    To the types who do not get it, or the kinds that ask (there appears to be a new man every few webpages), hey I have not completed studying the whole thread yet, could you pls tell me what the upgrades are... a such like, pls examine what CarGa13 h AS mentioned previously, and read Peter's hyperlink about the utility theory. Keep your losses your gain endless, as well as limited. It is a game of chance, anybody who has done fundamental figures at highschool ought to know that to get a fair amount of chance, you'll need a lot of information. In case you look a T this what you'll make the following week or this week, that is certainly all you're able to ever expect of making. Look at that which you'll make over 3 years, then it really is some thing distinct. Peter stated this system was taught to him by still another trader (I presume it was the real thing). I am only able to suppose with the expertise of Peter before a lot of us became traders which he was educated this nicely. So if it's been functioning with this long, odds are it'll carry on to function very well to the futurity.

    We possess the advantage of getting trading simulators within our disposal the following. Why don't you spend some time backtesting via a simulator couple of years of information. That wuld certainly clarify or stop any uncertainties you may have.

    I'll miss Peter's places and penetrations, if his last place is his last one. I definitely expect I maybe not though.


    Regards,
    K.

  7. #447
    Quote Originally Posted by peliculaspelicano
    To the kinds who do not get it, or the kinds that ask (there appears to be a new man every few webpages), hey I have not completed reading the whole thread yet, could you pls tell me what the upgrades are... a such like, pls examine what CarGa13 h AS mentioned previously, and read Peter's hyperlink about the utility theory. Keep your losses your gain endless, as well as limited. It is a game of chance, anybody who has done fundamental figures at highschool ought to know that to get a fair amount of chance, you'll need a lot of information. In case you look a T this what you'll make the following week or this week, that is certainly all you're able to ever expect of making. Look at that which you'll make over 3 years, then it really is some thing distinct. Peter stated this system was taught to him by still another trader (I presume it was the real thing). I am only able to suppose with the expertise of Peter before a lot of us became traders which he was educated this nicely. So if it's been functioning with this long, odds are it'll carry on to function very well to the futurity.

    We possess the advantage of getting trading simulators within our disposal the following. Why don't you spend some time backtesting via a simulator couple of years of information. That wuld certainly clarify or stop any uncertainties you may have.

    I'll miss Peter's places and penetrations, if his last place is his last one. I definitely expect I maybe not though.


    Regards,
    K.
    Great post peliculaspelicano. From your phrases to DIBS that are really trader's ears.

    Keep your losses limited, as well as your gain endless. I am stealing that one. Nice.[</br9>https://forexintuitive.com/attachments/forex1496056791.png[/img]

    Jim

  8. #448
    Thank You, Mr. Peter Crowns
    You opened my eyes...

    Misterpom

  9. #449
    Peter, your posts here are the most insightful I Have read on this whole forum.

    Thank you very kindly for opening the drapes.

    If you are actually in Australia, I would like to know so I will buy you a beer or three [</br9>https://forexintuitive.com/attachments/forex1496058347.png[/img]

  10. #450
    No registrado
    Guest
    thanks for the post,g8t 1,but if any1 does not blive d strategy it's their difficulty wat we attention at d end of d-day is how much ur equity has swollen.thanks 2PC the DIB's king.i hav backtested this strategy to d amount dat the demon cant tell me it doesnt function,

    notice:usually appear at price action,if u see a DIFFERENCE in the guidance of an interior pub most of the time its a continuance and if its against the DIB subsequently its a reversal

  11. #451
    Brilliant sign off place, Peter. Rest assured you did achieve some who get it, although I am sorry you think about your your enterprise into forexintuitive a complete failure.

  12. #452
    First of all, i need to say a MASSIVE thanks! To Peter Crown, personaly I've discovered this thread most valuable, and most edjucative thread that I've been read.

    (to be sincere, rationale i filed on FF was to toss my appreciaton to Peter along with other experienced traders who've been shared valuable info. ((Experienced at my standpoint atleast as I've 0 actual trades on my shoulders as of this stage [</br9>https://forexintuitive.com/attachments/forex1496058349.png[/img]))

    That stated, now on those toughts that I've.

    i have now been believing and attempting to find my edge over the others therefore I have come up whit some factors.

    First of them would be around take trades. so if we for illustration would get to level where we're able to stack up 10% of our account to Long in British Pound/JYP(according to petes tact to pile trades on same way on breakouts), and we'd be quite so fortunate that lengthier trend would be upward, wouldnt it be smart to test to to keep those positions so long as they simply don't get stopped as we might get free cash from curiosity rate and we nevertheless had that opportunity to strike that big fish when it may happen? To examine trend could be down we'd merely hold so long as it doesnt appear to really go level and if we could be heading short /opportunity guidance as we'd have to spend curiosity rate each and every day.

    Second would be about about this edge pete mentioned that some trades have 3-5 instances opportunity over similar seeming breakouts. this one I've been considering a lot, allot. So on my factor could it be so when when we get breakout a T some important support/resistance and it opportunities to from support to resistance and visa-versa, and we're on Good aspect on trade when that occurs, wouldnt it supply us some protect from being ceased? I presume it'd.

    3rd is all about trend. Therefore, if we come to point it'd be lengthy term bullish plus where we'd have drawn on a trend tunnel, price will be on that tunnel on very bottom. now we get a buy singal. from my perspective this could be a fantastic trade as price t Ends to to behave in order that it pinballs from underside to roof of that tunnel, and according to that, we'd have even larger opportunity that price will go on direction we enjoy(of course if trend is bending that wouldnt be instance, but fortunately we've tight stop loss [</br9>https://forexintuitive.com/attachments/forex1496058351.png[/img])

    So, these were my toughts, feel free to comment and give en-y responses you contemplate could be excellent to give.

    And to mention again I don't have eny expertise from trading yet other that Demoing, and I've only studiet an entire market less than a yr s O don't judge me if I'm all erroneous or these stage were already described a T someplace and I lost it.

    Oh, and sorry about my london language as it's not my native tongue.

  13. #453
    In Peter's lastish place he mentioned Your First Loss Is Your Best Loss. For anyone looking for many reading, I Would indicate this:
    [</br8>http://www.smartmoney.com/tradecraft/index.cfm?story=20010315[/URL]

    Yes it's in the context of shares, but the advice applies to any or all markets.

  14. #454
    Quote Originally Posted by mariajesuspt
    I'll make one enormous point as of this juncture.

    The undeniable fact a promising uncomplicated system is tough to backtest should be a flashing-light to you personally.

    A positive thing.

    Anything simple to execute and analyze is, in addition, simple to ruin. DIBS could be more challenging because no both of you may trade the notion exactly the same manner, to ruin.

    -mariajesuspt-

    PS: I'm amazed with all the effort therefore several of you've expended. - mirandadecambre- Within your dislocation of expected profits you've given the finest possibility of the approach away. PC
    I suppose it signifies something.....[</br9>https://forexintuitive.com/attachments/forex1496058352.png[/img]

  15. #455
    Quote Originally Posted by mirandadecambre
    RESULTS:

    Pair__ ____#T __1:1__1:2_1:3_1:4_1:5__1:10___%1:1
    EUR/USD - 137 - 66 - 4 1 - 2-9 - 25 - 2-3 - 17 ------48.1%
    GBP/USD - 125 - 72 - 52 - 43 - 32 - 26 - 12 ------57.6%
    USD/JPY - 139 - 6 1 - 3-7 - 27 - 2-3 - 1-9 - 7 --------43.8%
    USD/CHF - 138 - 5-7 - 3-5 - 27 - 2-3 - 21 - 14 ------41.3%

    In essesence 50% of trades attain a-T least 1:1 R prior to being stopped out.
    I wonder whether folks actually realize the consequences of the outcomes kindly posted by mirandadecambre.

    Let me begin with this particular observation:

    Once in a trade, you can depart it just once. You. stop can shut it a T 1:1 profit objective, a T 2:1, 10:1 or with a trailing it trail However, you can not shut it a T 1:1 and 10:1 simultaneously. I've discovered that lots of DIBS followers adore the notion of departing half in their place get the so called free-ride on the spouse. Take note that in case you do that persistently, then what you essentially do is trade two systems: System A with a 1:1 profit goal (AND) System B with a permit the profits operate kind of way out. You simply allocate half of the partner of your funds and your funds to the System A to the System B. Nevertheless, please also notice that with a 1:1 profit objective in the System A, a %win require you rate of mo-Re than 50% for it to be lucrative. To put it differently, in case a 1:1 profit objective, mo Re is used by you than half of your trades SHOULD be triumphs or the program will price you cash to. So in case you still adore the concept of a free-ride on another half of your location, only ensure that you simply realize a 50% win rate that is to the very first half departed at 1:1. I understand that the free journey feels great -- only be sure you do not have to spend for it.

    Now straight back to mirandadecambre's results…

    For the sake of discourse, allow R be our measure of losses and profits, i.e. if a trade is stopped out, we've a 1R reduction. A 1R profit. have if it really is shut at 1:1, we A 2R profit. have if it truly is shut at 2:1, we A 10R profit. have if it really is shut at 10:1, we Etc.

    Then, common profit per trade in Rs = ( profit goal in Rs * amount of triumphs – 1R * amount of losses ) / amount of trades

    For instance, let's imagine we trade EUR/83000 with a 2:1 profit goal. In line with the results in the table, we'd have:
    common profit per trade in Rs = ( 2R * 41 – 1R * 96) / 137 = -0.102R
    In other phrases, in the event you'd traded Euro/US Dollar just using DIBS in the Oct 2007 - Apr 2008 span having a 2:1 profit objective, then centered on mirandadecambre's outcomes, you'd have attained a -0.102R reduction per trade.


    I've created related computations for another data in the dining table. Here are my results:

    DIBS Trading Results for the Period Between Oct 2007 - Apr 2008 centered on mirandadecambre's Backtest:

    EUR/USD with a 1:1 profit goal: -0.036R reduction per trade
    EUR/2500 with a 2:1 profit goal: -0.102R loss per trade
    Euro/US Dollar with a 3:1 profit goal: -0.153R reduction per trade
    EUR/83000 with a 4:1 profit goal: -0.088R loss per trade
    EUR/USD with a 5:1 profit goal: 0.007R profit per trade
    EUR/USD Using a 10:1 profit goal: 0.365R profit per trade

    GBP/75000 with a 1:1 profit goal: 0.152R profit per trade
    GBP/75000 with a 2:1 profit goal: 0.248R profit per trade
    GBP/83000 with a 3:1 profit goal : 0.376R profit per trade
    GBP/83000 with a 4:1 profit goal: 0.280R profit per trade
    GBP/83000 with a 5:1 profit goal: 0.248R profit per trade
    GBP/67146 with a 10:1 profit goal: 0.056R profit per trade

    75000/JPY with a 1:1 profit goal: -0.122R reduction per trade
    2500/JPY with a 2:1 profit target: -0.201R reduction per trade
    75000/JPY with a 3:1 profit target: -0.223R reduction per trade
    USD/JPY with a 4:1 profit goal: -0.173R reduction per trade
    67146/JPY with a 5:1 profit goal: -0.180R reduction per trade
    75000/JPY with a 10:1 profit goal: -0.446R loss per trade

    2500/ CHF with a 1:1 profit goal: -0.174R reduction per trade
    2500/CHF with a 2:1 profit goal: -0.239R reduction per trade
    75000/CHF with a 3:1 profit goal: -0.217R reduction per trade
    83000/CHF with a 4:1 profit goal: -0.167R reduction per trade
    2500/CHF with a 5:1 profit goal: -0.087R reduction per trade
    2500/CHF with a 10:1 profit goal: 0.116R profit per trade

    All four pairs with a 1:1 profit Objective: -0.045R reduction per trade on typical
    All four pairs with a 2:1 profit goal: -0.074R loss per trade on typical
    All four pairs with a 3:1 profit goal: -0.054R reduction per trade on typical
    All four pairs Using a 4:1 profit goal: -0.037R reduction per trade on average
    All four pairs with a 5:1 profit goal: -0.003R reduction per trade on typical
    All four pairs with a 10:1 profit goal: 0.023R profit per trade on typical


    CLOSING NOTE: By no means do I'd like to indicate that DIBS doesn't work. It could be a system that is enormously lucrative and best. The testing interval was way too short to attract any conclusions that are valid. In order to correctly appraise the machine, you'd need certainly to prolong it IMHO, to a T least 5 years. Based mirandadecambre's results, I can only just say that it's possible the best possibility of the DIBS methodology is in being willing to ride good beyond the 10R goal in EVERY COMMERCE on. It's likewise possible that departing a part of your place at a 1:1 objective might cost you funds, i.e. you've to spend for your free rideon the remaining portion. Whatever the case, you-can't make an error by performing your own thorough research to trading any method or approach before allocating your cash.

    To all those that say that they really don't care about backtest outcomes of mechanical systems because they count on discretion to be lucrative when trading an approach, allow me provide my honest congratulations. Everything you say in essence is this: My abilities that are discretionary are really so great that I will even change a mechanical program that is dropping right into a prosperous one. Again, hats-off for you

    Leonardo Follower

  16. #456
    Leo Follower,

    I am discovering that among the very productive tweaks is perhaps not being overly swift to depart half. Holding equally halves until a stall or re-trace appears to enhance results in case the breakout is powerful. On the flip side, in the event the breakout hardly transfers you to the trade, and then price languishes, I Will enforce the consider half a T 1:1 rule (if it's really reached). This notion is much like using a time stop.

    Free Ride is just an expression we use when we choose half and lessen risk. A great point is made by you --no Thing is for free. The risk decrease just can occur if the we get It truly is crucial to notice that when splitting the method as you did, if the primary part (Program A) of the program were a steady winner, it'd seem sensible to trade that alone. Of course the very first half of the system includes risk.

    You've clearly done some actual work here. Are you really saying results could be better by maybe not even entering the 1st half (Program A) of the trade?I believe element of the important is allowing An operate just a little more when it is willing.

    All the finest
    Bill

  17. #457
    That graph which was done by mirandadecambre is extremely helpful and places things in to fairly a view as it pertains to the extended term expectations.
    But that's assuming you consider quite single trade that comes.

    However what you men are neglecting to take into account is the fact that a lot of excellent dibs trades happen at significant support and resistance lines specially on swing highs and lows or after hefty runs in a single direction. So having mentioned that a fairly encounter trader can filter a lot of the apparent high-risk dibs out trades and adhere simply to the high chance ones.

    And the results of this sort of trading is likely to be somewhat different then choosing every individual dibs trade that appears.

    The fact is a strictly mechanical system never functions in the forex market because states are constantly changing and every trade is exceptional.

    So we get back to the goldenrule and that's the trader which makes the system function not the other way around.

    Remember peter crown in certainly one of his posts recognized that he understands when a breakout is 5-7 occasions more prone to break powerful and that's when the chances come in his benefit.

    That is what finally will both make-or-break you in the long run.

  18. #458
    Taking profits at 1:1 is the one facet of DIBS that I've had some problems correcting also and had to ignore it. The cause is the following.
    Trading 2 complete lots.

    10 trades permitting profit operate.
    3 BE = 0
    5 Losses = 2(300 X 5) = 3000
    2 Wins@ 180 PIPS = 2x(180 X 20) = 7200
    Profit = 7200 - 3000 = 3200

    Same 10 Trades w/ getting 1 lot profit at 30 PIPS.
    3 BE = 0
    5 Losses = 3000
    2 Wins@ 180 PIPS = 1st Lot = 300 300 =600
    Two lots 2(180X10) = 3600
    Profit = 1200

    With permitting your profit run-you may take 6 losses and still break even.

    By the nature of using a 1:1 profit you-go against the 'Let your profits run maxim.

    By spending astute focus on which market is the 'hot hand' - as Omega_ therefore succinctly describes, you can raise their profits by not getting the 1:1 triumph.
    Added Note: I'm a trend following trader. I'm used to chipping little losses striving to catch the trend therefore perhaps not considering the 1:1 out comes naturally for. This could not function as the scenario along with your kind of trade. I have altered the DIBS - I don't do hourly.

  19. #459
    Quote:
    In essesence 50% of trades attain a T least 1:1 R prior to being stopped outside.

    So essentially half the work is done for you personally by the device for the large part.

    The trader's occupation would be to recognize which trades possess the most possible and filter out the traders which don't have as much possibility so you can tip the chances in your favour. Add to that allowing a number of these high likelihood trades operate for lengthier intervals where it is possible to capture bigger r:r-and you've it produced.

    Patience here will perform a substantial job so that's still another emotional challenge.

    Peter crowns gave is the fundamentals it's up to each trader separately to pick
    the trades and also to handle them.

  20. #460
    1 Attachment(s) This is the perfect example of a speculative DIBS trade that's up against large resistance. Price attempted to hit through two times before that and this IB
    was right against it. Why would it be risked by u and choose a buy in this case?

    This proved to be a very preventable loss for anybody who took this. It'll create an impact in your account when u discover to remove these.
    [</br9>https://forexintuitive.com/attachments/forex1496058366.png[/img]

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