The purple cinch waist dress I wore in my guest blog post is a drop waist style, similar to the one you wore in the sense that the waist is elasticized. i can wear it either pulled down, or scrunched up as in the photo. I'm not actually sold on how that picture came out. I think it looks MUCH better IRL and I have received many compliments on it.
This is how it looks on the 88 pound model:
http://www.yesstyle.com/en/yum.....1021237957
The one in your picture seems awfully low. I mean, low even for a drop waist. I like a DW best when it hits at my hip bone. You might have better luck trying a more structured version as Louise mentioned.