I am loving the fact that I am exploiting Pound weakness. But I hate the fact that the Pound is getting ra*ed by the American Dollar, me being British and all.

USD pairs are on free fall. lol

Target reached!! WooHoo :L) That's me done for the day.

1.2862 is my T/P

Btw, the trade is based on a system I follow. Ideally, I should have waited for a trendline breakout.

I have shorted this pair @1.2912 S/L @ 1.2944 & T/P @ 1.2862 Let's see how this goes.

Just as I predicted. 1.2865 about to reach.

ofcourse. lol

YOu picked a nice spot to Long. I think EU is heading to 1.2865.

Maybe this is what Pipsfx wanted to share. Although the signal looks good with the aid of divergence, I wouldn't have traded that for two reasons. 1) Confirmation candle looks too bullish. 2) Retracement to 61.8 doesn't look that convinving. Not ...

Pound is looking quite strong. If I were you, I wouldn't be looking for shorts on this pair atm.

The trade I took was on the EURJPY pair (1Hr). Like Mike, I will try and justify my trade. Since the daily timeframe shows a bullish trend, I was looking for longs only. The pinbar on the previous daily candle suggests that there is still room for a ...

Excellent trade Mike!! You are one of the true daz traders. I didn't take the AUDUSD trade, mainly because I wasn't monitoring that pair, but I did open my 2009 account today with a winner. Will post the it now.

Yes, a very insightful post by Daz. I hope 2009 brings more success to everyone trading this system and traders in general.

Great to see someone trying to revive this thread. I must say, I have been away from this forum for a long time now. Good to see this thread is still alive. Here is a trade that I took earlier today (12/23/08). T/F: 1hour Pair: EUR/USD

I second that. If you have the patience, and discipline to follow the system, you can go a long way with this.

Great to see you and DT here!!! I got a PM from a regular user of this method after I made the post yesterday. Apparently, he doesn't like the fact that I bought this thread alive. He doesn't want a winning system exposed in a public ...

That is because most people just like hopping from one system to another. This system has totally increased my forex winnings, so hats off to DAZFX!! Up until now, I just went about trading this system myself, and didn't have the free time to make ...

5-6% compounded over a 12 month period will double your money. I guess you haven't looked in the right places. Just kidding.

Thanks for the input here. Yes, I have 2 systems that I have tried for a year now. Finally, I think I am ready to build on my capital.