With this indicator it gives you H8 charts and you can set which H8 to see by changing TimeShift. Put the indicator on H1 chart, change PeriodMultiplier to "8", and then change TimeShift to "-2" which will choose the 8 hours like this: 22-06, 06-14, ...

The DIBS Method... No Free Lunch continues

So what is it that you want to discuss? How to manage a trade, or how to divide a position or something else? Or you just want to talk about how important MM is? And it seems like you are looking for MM for mechanical systems since you are using ...

Best Money management?

Yes that is the original system, and I've been using it for a while with good results.

Breakout Confirmation? ideas

I think some of the more experienced breakout traders can "see" which breakouts that has more potential, as PC has mentioned himself, and can therefore risk a little more on a single trade (not saying that potentially PC does this, only that he ...

The DIBS Method... No Free Lunch continues

You can do what you want, there are no rules for when to trade. What I can say that it's risky to trade during news and I usually won't enter a trade within the last 1-2 hours of a major news as the breakouts are mostly fake and markets often are in ...

Breakout Confirmation? ideas

The reason to why I think you should stick to the same risked % on every trade is because you will never know when you are going to be stopped out, you simply don't. Sure the setup might be a A+ setup, but what can happen is that you might be ...

The DIBS Method... No Free Lunch continues

All this thought provoking is given by PC's posts. Over the weekend I went through his posts again. Every time I read them, they make more and more sense to me and make me think even more (not overthinking things but his words just kind of hits ...

The DIBS Method... No Free Lunch continues

Again this is the reason to why it's so nice to have a runner, you wake up to the London open (I live in the UK) and see that there has been a nice move in the night.

The DIBS Method... No Free Lunch continues

I misread your post, didn't realise you wrote "I tend not to enter trades (for now) where SL is greater than 40 pips", missed the not. Most of my trades has a sl that is around 12-15 pips, this way I get to BE easier and can think about managing the ...

The DIBS Method... No Free Lunch continues

Gotcha, it's clearer now in the morning

Breakout Confirmation? ideas

I'm the opposite - I look for trades with sl size that is smaller than 20-25pips because of the RR ratio, the smaller the better as it enhances the R:R ratio a lot, and it's fine that the sl is small because it's from a breakout.

The DIBS Method... No Free Lunch continues

I'm gonna have to refer to one thing that PC brought up and that doesn't really get much attention around here: The Hot-Hand. If you haven't seen it before then look it up in PC's posts.

The DIBS Method... No Free Lunch continues

I don't see the difference but if you say there is one, that's fine. Maybe it's just too late

Breakout Confirmation? ideas

Is there any difference from my strategy that I've described on this thread?

Breakout Confirmation? ideas

You answer it yourself actually. If I see a 200-300 retracment I will exit only because it's taken out my sl. If my sl is 250 pips away, and price has retraced 200 pips - should I then exit when price has retraced 200 pips when my sl is 50 pips ...

The DIBS Method... No Free Lunch continues

I like to trade with the trend as much as possible, but sometimes like the example you can take a countertrend move for a small profit when the setup is supported by other things (as the 1.5000-level). The trend is cleraly down and I actually closed ...

Breakout Confirmation? ideas

Managing a trade — Here's what I've been doing the past weeks and it's really suiting my style of trading: 1) First of all I look for a free trade, preferebly for 1/2 of the position but sometimes only 1/3 of the position will remain after BE ...

The DIBS Method... No Free Lunch continues

Yes textbook DIBS

The DIBS Method... No Free Lunch continues

Looking at the daily for confirmation the trade will get you in above 165.31 which was a support eariler. Looking at the M15 chart this support seems to be holding so it's a good trade up if it breaks up and the support holds imo

The DIBS Method... No Free Lunch continues

Morning Jarroo, here comes a new week - let's see what we get. Nice to see you up and early and ready to go!

The DIBS Method... No Free Lunch continues