The trade is progressing well and is deep in profit at approximately 2.5R. At this point redraw the standard deviation channel with 0.5 width to narrow the band. image The next chart will display where we are at currently deep in profit.

Diversified Trend Trading Approach

In a long trade, as new highs occur, redraw the standard deviation channel (every time a new high occurs) from the commencement of the trend to take in the new data (refer to chart example below). The converse for a short trade. Keep in mind that ...

Diversified Trend Trading Approach

Having established that a well defined trend using the std dev channel was in place using daily chart (above) then drill into H1 chart to redraw trend on H1 and wait for Donchian breakout (40 period). Note that I entered before the green horizontal ...

Diversified Trend Trading Approach

I will use a nice long trend that I am currently riding now as an example which is the USDJPY. I have taken two bites at this trend but the following example defines the most recent trade example which I am still riding. Note that trends of this ...

Diversified Trend Trading Approach

Ta 60minuteman, will do.

The DIBS Method... No Free Lunch continues

Well that was an exhausting but worthwhile read starting from the beginning of the DIBS journey. Many thanks to Peter Crowns for his insights and also to the many others who have assisted in their explanations along the way. Striving for infinite ...

The DIBS Method... No Free Lunch continues