Master IB Exness High Level Briliant - 90% Rebate Exness automatic transfer to account trading every day!!

Select you Language

List of Countries with the Largest Exness Trading Volume in the World

Exness Vietname Exness China Exness Thailand Exness India Exness Japan Exness Indonesia Exness Pakistan Exness UEA XM Philippines
Exness Algeria, Exness Angola, Exness Antigua and Barbuda, Exness Argentina, Exness Armenia, Exness Aruba, Exness Azerbaijan, Exness Bahrain, Exness Bangladesh, Exness Belize, Exness Benin, Exness Bhutan, Exness Bolivia, Exness Botswana, Exness Brazil, Exness Brunei, Exness Burkina Faso, Exness Burundi, Exness Cambodia, Exness Cameroon, Exness Cape Verde, Exness Chad, Exness Chile, Exness China, Exness Colombia, Exness Comoros, Exness Costa Rica, Exness Djibouti, Exness Dominica, Exness Dominican Republic, Exness East Timor, Exness Ecuador, Exness Egypt, Exness El Salvador, Exness Equatorial Guinea, Exness Eritrea, Exness Ethiopia, Exness Gabon, Exness Gambia, Exness Georgia, Exness Ghana, Exness Grenada, Exness Guatemala, Exness Guernsey, Exness Guinea, Exness GuineaBissau, Exness Guyana, Exness Honduras, Exness Hong Kong, Exness India, Exness Indonesia, Exness Isle of Man, Exness Jamaica, Exness Japan, Exness Jersey, Exness Jordan, Exness Kazakhstan, Exness Kenya, Exness Kuwait, Exness Kyrgyzstan, Exness Laos, Exness Lebanon, Exness Lesotho, Exness Liberia, Exness Libya, Exness Macau, Exness Madagascar, Exness Malawi, Exness Maldives, Exness Mauritania, Exness Mexico, Exness Moldova, Exness Mongolia, Exness Montenegro, Exness Montserrat, Exness Morocco, Exness Mozambique, Exness Namibia, Exness Nauru, Exness Nepal, Exness Niger, Exness Nigeria, Exness Oman, Exness Pakistan, Exness Panama, Exness Papua New Guinea, Exness Paraguay, Exness Peru, Exness Philippines, Exness Qatar, Exness Republic of the Congo, Exness Rwanda, Exness Saint Kitts and Nevis, Exness Saint Lucia, Exness Sao Tome and Principe, Exness Saudi Arabia, Exness Senegal, Exness Serbia, Exness Sierra Leone, Exness Solomon Islands, Exness South Africa, Exness Sri Lanka, Exness Suriname, Exness Swaziland, Exness Taiwan, Exness Tajikistan, Exness Tanzania, Exness Thailand, Exness Togo, Exness Tonga, Exness Trinidad and Tobago, Exness Tunisia, Exness Turkey, Exness Turkmenistan, Exness Uganda, Exness United Arab Emirates, Exness Uzbekistan, Exness Venezuela, Exness Vietnam, Exness Zambia, Exness Zimbabwe

DIBS Strategy: Daily Inside Bar Trading Technique

The DIBS (Daily Inside Bar Setup) strategy, developed by Wall Street trader Peter S. Kraus, leverages the Inside Bar pattern for daily trading. This strategy aims to exploit consolidation periods before breakouts and can be applied across various timeframes. Here’s a comprehensive guide on how the DIBS strategy works, its advantages, and key considerations.

How the DIBS Strategy Works

  1. Inside Bar Definition:

    • An Inside Bar is a candlestick pattern where the latest candlestick is completely within the range (high to low) of the previous candlestick. This pattern indicates market uncertainty, often followed by significant price movements.
  2. Implementation Steps:

    • Identify the Inside Bar Pattern:
      • On the H1 timeframe (or another preferred timeframe), look for Inside Bar patterns on the forex chart.
    • Analyze Market Sentiment:
      • Use a Simple Moving Average (SMA) to determine market sentiment. If the price is above the SMA, the market is considered bullish; if below, bearish.
    • Entry Setup:
      • For a buy position, wait until the engulfing candlestick is above the SMA and place a buy order. For a sell position, wait until the engulfing candlestick is below the SMA and place a sell order.
    • Stop Loss and Take Profit:
      • Set the stop loss just below (for buy) or above (for sell) the body of the engulfing candlestick. Determine take profit with a risk/reward ratio greater than 1:1.
  3. Trading Time:

    • Entry Time: Use around 6:00 GMT to check for patterns and execute trades. This is just before the London session starts when volatility tends to increase.

Key Considerations

  1. Pattern Validity:

    • Ensure the Inside Bar completely engulfs the previous candlestick and is above or below the SMA, not just touching the SMA line.
  2. Economic News:

    • Check for economic news that could impact the selected currency pair. Significant news releases can influence the market, affecting the strategy’s accuracy.
  3. Timeframe Flexibility:

    • While H1 is recommended, you can use other timeframes like M15, M30, H4, or Daily. Higher timeframes might provide stronger signals but require longer holding periods.

Advantages of the DIBS Strategy

  • Flexible and Accurate:
    • The strategy can be used on various timeframes and is generally accurate in capturing breakouts, especially during the London session.
  • Breakout Detection:
    • DIBS often captures significant price movements after consolidation periods, offering potential for substantial profits.
  • Adaptability:
    • This method can be applied to various currency pairs and can be tailored to suit your trading preferences.

The DIBS strategy, while effective, requires practice and testing to achieve optimal results. It is recommended to use a demo account to test this strategy before applying it to a live account. Through practice, you can determine the best timeframe and currency pairs for your trading style, maximizing profit potential. This strategy provides a useful tool for identifying trading opportunities that may be hidden in the market and capitalizing on significant price movements after consolidation periods.

Share:

Popular Posts