mades, No, the UK during the summer is GMT+1 (Brit. Summer Time is currently 13:22 vs GMT 12:22) GMT is the meridian line on the globe that runs through Greenwich in London. (hence the name Greenwich Mean Time) Time zones across the world are set ...

The DIBS Method... No Free Lunch continues

blueskies, I won't go any further on this except to say the following: you have to know some simple matters before anything else. know the relationsship between a methods expectancy (pos. or neg.), a methods risk/reward ratio (pos. or neg.) and a ...

The DIBS Method... No Free Lunch continues

mades, forget what the brokers show - 6am GMT is Greenwich Mean Time in the UK (without the addition of any hours i.e. British Summer Time which is GMT+1) So, if you want to know, go to timeanddate.com and look for GMT without the offset - then draw ...

The DIBS Method... No Free Lunch continues

[quote=blueskies;2023489]Just to clarify: I have followed the other "Free Coffee..." thread (when Peter first introduced DIBS) and this thread right from beginning. In particular, I have read Peter's posts several times to make sure I understand and ...

The DIBS Method... No Free Lunch continues

Rocroy, Read the message again. I am not trading his method - someone sent me a PM which I posted here. regards daytrading

The DIBS Method... No Free Lunch continues

aud, I gave the person a "hint" by letting him know that I would post his question here - that's really all I can do to encourage him/her. regards daytrading

The DIBS Method... No Free Lunch continues

takeprofit, I will try to keep answers reasonably short since you can guess that I am intensly busy during the UK session. Ask yourself this: when you enter the market - according to your own method - how likely it is for the price subsequently to ...

The DIBS Method... No Free Lunch continues

Dear all, I am posing a PM I received which has some relevance to this thread. I will leave the posters name out for obvious reasons - everyone has the right to their opinions and I don't want to have a fight on my conscience - so, please extract ...

The DIBS Method... No Free Lunch continues

aud, no, only my reply: Re: RULES Quote: Hi Peter, Thank you very much for your reply. Your comments are certainly true - I started out in 1987 on the Spot Desk of a Frankfurt firm. Traded everything from fx, bonds, interbank deposits to derivatives ...

The DIBS Method... No Free Lunch continues

Blueskies, Jarroo - your're most welcome. regards daytrading

The DIBS Method... No Free Lunch continues

Blueskies, here is a conversation I had with PeterCrowns - hope this helps. Regards, Daytrading Quote: Originally Posted by daytrading Hi Peter, I have followed your thread with interest. Like you, I come from a Pit background (LIFFE). I have ...

The DIBS Method... No Free Lunch continues

DaBuschi, It really depends how your manage the individual trades - ATR stops, Volatility stops etc. - quite a few possibilities. regards and viele gruesse daytrading

The DIBS Method... No Free Lunch continues

Your'e welcome ChowClown - regards daytrading

The DIBS Method... No Free Lunch continues

DaBuschi, Read post #92 of the original thread - he uses a trailing stop based on SMA 20 (not just 20 ticks as I said....long time ago, sorry) but you get the idea....either the trade gets stopped out at the initial stop or if the trailling stop get ...

The DIBS Method... No Free Lunch continues

hang on, I'll try and find it for you

The DIBS Method... No Free Lunch continues

Peter explained how his targets are defined: by trailing stop - if the trade unfolds, every 20 ticks trailling. He also mentioned that each trade has to stand on its own in that way - meaning it eventually will get stopped out, either at B/E or in ...

The DIBS Method... No Free Lunch continues

UTC is only another description for GMT - the time zone itself has not changed. So, wether you say 6am GMT or 6am UTC makes no difference - only that more people are familiar with the term "GMT". regards daytrading

The DIBS Method... No Free Lunch continues

Without criticising or supporting anyone's beliefs and opinions, Religion and Politics should be kept outside. regards daytrading

Perplexed - year spent looking for system

Hi Soul, Yes it is true - in the foreword/acknowledgments of his book he mentions it: "This book is a product of 15 years of thinking about markets..." I spoke with someone yesterday who mentioned Bobby Charlton and the question about his goal ...

Perplexed - year spent looking for system

Everything is relative. regards daytrading

Advice Only. 1 Liners Concise.