Inside Bar and DIBS questions

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Horizon
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Inside Bar and DIBS questions

Postby Horizon » Mon Oct 26, 2009 10:14 pm

Hello,

Could you please tell me what is the difference between the Inside bar and Dibs? To me it looks like if it is the same thing.

Also the TRO2009_MPMM_Insidebar_TRade - what is the number next to the arrow indicating the direction in the Dibs trade?
Is LT - Long trigger?
ST is Stoploss (I imagine)
If you are trading this successfully, could you tell me what exit strategy you are using? Are you using fixed limit order, candle range of a guideline.

I can't seem to find how to use this as a strading strategy /plan.I am looking at the Dibs template (TRO2009_MPMM_DIBS_TRADE), and Inside Bar for dummies template (TRO2009_MPMM_INSIDE_TRADE)

Thanks for your help.

Horizon

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PTG
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Postby PTG » Mon Oct 26, 2009 11:28 pm

Google for Peter Crowns DIBS method.
There are at least two threads on ForexFactory.
DIBS = Daily Inside Bar System.

The rest I can't help you with I'm afraid.
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Postby Horizon » Tue Oct 27, 2009 5:59 am

It it is start PTG. Thanks

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Postby noone22 » Tue Oct 27, 2009 11:06 am


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Horizon
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A few more questions

Postby Horizon » Tue Oct 27, 2009 12:07 pm

Thanks,
I think I understand the strategy better but I am still confused about the two indicators (TRO2009_MPMM_INSIDE_TRADE and TRO2009_MPMM_DIBS_TRADE) I have attached a chart. Look at USDJPY. Is one for the Long signal and one for the short signal and you wait to see which one hits first?
I am also not sure as to what LT, SL and PL stand for.
Long Trigger? Stop Loss? Profit Loss?

Anyone trading this succesfully. Could you give me some clues / advice on how you are trading it?!
ie. what times you trade and do you use the range statistics TRO2009_MPMM_CandleColor and TRO2009_MPMM_Psycho as limit / take profit strategy?!

Thanks

Horizon
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