DazFx is a trend trading system.it thrives well in a trendy period and it keeps u out of ranging period most times. We trade along the daily trend from either 1hr or 4hr. Defining the daily trend have been an issue but i keep it simple. I use TL as my daily trend direction. USDJPY, the trend is down but it will be difficult getting good entry in 1hr bcoz price has been sandwitched in between two TL making it to consolidate in the two TL But more experienced traders will find entry in 4hr short using the TL bounce on daily as possible profit exit. Attached are charts on UJ daily and 4h Hope this is clear?
- Post #1,121
- Quote
- Sep 30, 2008 5:18pm Sep 30, 2008 5:18pm
- | Commercial Member | Joined Nov 2007 | 1,296 Posts
- Post #1,122
- Quote
- Oct 2, 2008 12:00am Oct 2, 2008 12:00am
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,123
- Quote
- Oct 2, 2008 7:45am Oct 2, 2008 7:45am
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,124
- Quote
- Oct 2, 2008 7:57am Oct 2, 2008 7:57am
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,125
- Quote
- Oct 2, 2008 11:04am Oct 2, 2008 11:04am
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,126
- Quote
- Oct 2, 2008 12:01pm Oct 2, 2008 12:01pm
- | Commercial Member | Joined Nov 2007 | 1,296 Posts
- Post #1,127
- Quote
- Oct 2, 2008 12:34pm Oct 2, 2008 12:34pm
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,128
- Quote
- Oct 2, 2008 12:37pm Oct 2, 2008 12:37pm
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,129
- Quote
- Oct 3, 2008 7:53am Oct 3, 2008 7:53am
- | Joined Jul 2008 | Status: Member | 100 Posts
- Post #1,131
- Quote
- Oct 4, 2008 8:25am Oct 4, 2008 8:25am
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,133
- Quote
- Oct 4, 2008 10:31am Oct 4, 2008 10:31am
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,134
- Quote
- Oct 4, 2008 10:42am Oct 4, 2008 10:42am
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,135
- Quote
- Oct 4, 2008 10:43am Oct 4, 2008 10:43am
- | Joined Sep 2008 | Status: Member | 140 Posts
- Post #1,137
- Quote
- Oct 4, 2008 11:29am Oct 4, 2008 11:29am
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,138
- Quote
- Oct 4, 2008 11:38am Oct 4, 2008 11:38am
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #1,139
- Quote
- Oct 4, 2008 12:13pm Oct 4, 2008 12:13pm
- | Commercial Member | Joined Nov 2007 | 1,296 Posts