The DIBS Method... No Free Lunch continues

Is it a MTF MA, if yes post it here please?

Regards

Maybe it's just a 480SMA? (24h x 20 days=480 bars on 1H TF)

Cheers

HT

its not!!maybe sma400 ?

Yep. let's keep it simple guys/gals, betcha any type of moving average from a larger time frame to trail a stop would produce simular results.

Yep simply give Peters method a try with very small lot size at first, no mods, not tweeks, no improvements, just follow the method the best you understand from your own reading to give it a true live test, lets say try it for a year, no mods, no improvements..... very challenging for a trader... I should stop.


On a different note, my brother has access to a private lake, He is very good a flyfishing, he's a project manager for work, any way so he is teaching me how to fly fish, a technic called roll casting, cast your line in the water, give it a few minutes to see if you get a strike, if not re cast your line. Ok so I caught four fish. About one hundred cast and caught 4 fish, reminds me a lot of trading so I did not mind making the one hundred cast, I was completly happy to catch four fish, maybee I am maturing as a trader (acually I usually catch more the 4 out of a hundred trading. The fish swim one way and fight you, you must manage the fish untill it is worn out, then bring the fish home.

Maybee the fishing story will help.


Best Regards


Dale

Quoting myself.... shame on me!!!



Nice to see you around, Dale...

I was just trying to explain @ Yahoomt4 how one could project a 20-day MA on an 1H chart... not suggesting any kind of trading management at all...

By the way.... Fishing, like trading, demands extra loads of patience, that's a very reliable analogy...

Cheers!

Hey Doc,

Speaking of fishing, were you able to help this guy in your waiting room??? lol

Nice to see you to House,


No problem, you where right as to how I put a Daily 2O bar moving average on a 1 hour chart.

Best regards


Dale

Pardon my ignorance, but I don't recall reading about moving averages in the DIBS trading method by Peter Crown. Did I miss something?

No prob MoneyforNothing,


I missed it the first couple of reads myself, probaly becuase my focus was on answering some other significant question I had regarding the method,


Best regards

Dale

I just search the Peter Crown document and couldn't find it.

Hi every veterans traders in this thread,

I am new to this thread and just start4ed reading over the weekend. I had found that this thread and James16 price actions threads are the best. I am now working hard on reading every posts and hope that I can catch up with everyone. Today I will also start to demo trade this method.

Welcom Ray

Is there a trading room for this method and if so how do you access it?

My first trade using DIBS　method:

An IB occurred in GY chart. So I placed a pending order above the top of the IB and I was triggered in. Now let see what will it do.

Ok, I move my stop loss to lock in 10 pips profits, since guppy is a wild pair it is capable of doing anything. So I better lock in some available green pips when I see it. In addition I am a timid trader.

My trade is not going how I want it to right now, I really love it when I hit a home run "just joking"

How many think I should.

A. Exit the position.

B. Make a new rule up for my trading method based on what I see on this one Tade.

C. Never trade again

D. Follow the plan I decided on prior to taking the trade


Ok seriously, I am try to address some things that really go on in a traders devolpment and hinder them from making money

Give up, and give your account to other people

Actually,
Keep going since I am in that trade too. Watching 92.00 like a hawk as its major resistance but by that time we looking at free trade.

PS, thanks for telling me Friday to add USDJPY to my basket

Took half off at 92.00 mark and moved stops to PRICE-36 pips (PIPS - spread), now in free trade on that trade. Lets see how it runs, if it does.

My take profit has not been hit yet. I need to leave it especially since I noticed I have a tendency to take profits to soon only to latter watch them hit their target, so I need to change what I am actually doing.

Your welcome enOx


Dale

Congratulations enOx

I take my hat off to you.


Dale