This will be a pure DIBS trading thread. When I started out trading DIBS I tried to tweak the strategy, as somehow our brain is designed to do this to every strategy we encounter. After a short while I realised I was being an idiot for changing a strategy that has proven itself for decades. I was sabotaging my own trading success, as so many of us do.
So I thought I start a trading journal. This journal is mostly for myself to keep a track record of my trades and as leverage to keep on trading the ‘correct way’. This thread is also partly for the people reading this. Mainly to show you guys that it is possible to make money on a consistent basis if you follow your plan and stick to the strategy.
I only recently turned to live trading. I have successfully traded this method in demo for about 4 months. I will now trade the strategy live while trading it on larger timeframes on demo just to see if that is profitable as well. So I’ll trade it on 1hr live and trade the 4hr and daily timeframe on demo, if the 4hr and daily are profitable for 3 months I will trade them live to.
I will be trading DIBS as first described by Peter Crowns on this forum. If you want to learn about DIBS yourself you can just go to this thread: http://www.forexfactory.com/showthread.php?t=86766 you’ll find a nice recap of the strategy there. In my opinion it’s best to focus on the words of Peter and just leave the thread alone. Just as I did the first time I saw the strategy the thread is filled with people trying to change the strategy.
I will be posting all my trades and some random thoughts around forex. I don’t expect anyone to contribute as this thread is mostly for me and newbies, but feel free to comment if you feel like it.
So I thought I start a trading journal. This journal is mostly for myself to keep a track record of my trades and as leverage to keep on trading the ‘correct way’. This thread is also partly for the people reading this. Mainly to show you guys that it is possible to make money on a consistent basis if you follow your plan and stick to the strategy.
I only recently turned to live trading. I have successfully traded this method in demo for about 4 months. I will now trade the strategy live while trading it on larger timeframes on demo just to see if that is profitable as well. So I’ll trade it on 1hr live and trade the 4hr and daily timeframe on demo, if the 4hr and daily are profitable for 3 months I will trade them live to.
I will be trading DIBS as first described by Peter Crowns on this forum. If you want to learn about DIBS yourself you can just go to this thread: http://www.forexfactory.com/showthread.php?t=86766 you’ll find a nice recap of the strategy there. In my opinion it’s best to focus on the words of Peter and just leave the thread alone. Just as I did the first time I saw the strategy the thread is filled with people trying to change the strategy.
I will be posting all my trades and some random thoughts around forex. I don’t expect anyone to contribute as this thread is mostly for me and newbies, but feel free to comment if you feel like it.