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Powerful Fib Based System - by DAZfx

  • #181
  • Mar 27, 2008 8:23am Mar 27, 2008 8:23am
Quoting Pipsforall
EUR/GBP is looking a possible setup.
...might make up for the roasting it gave me earlier
  • #182
  • Mar 27, 2008 8:36am Mar 27, 2008 8:36am
Have to wait for the stochastics to show the trade, but its had the retracement.
Yay! Pips for everyone!
  • #183
  • Mar 27, 2008 8:39am Mar 27, 2008 8:39am
Quoting Pipsforall
EUR/GBP is looking a possible setup.
Yes I agree.
Look how the 60ema on the 4hr chart has acted as strong support for over a month. Price has just touched that support line ...so is it ready to head up?

Waiting for stochs and 5ema signal on the 1hr.
  • #184
  • Mar 27, 2008 9:04am Mar 27, 2008 9:04am
Beats me Rob, haven't taken the trade yet. lol BTW, just read your blog, really enjoyed it. I've been looking to short the GBP/USD as well, it just hit the 61.8 on the daily. Just not sure when I should jump in.
Yay! Pips for everyone!
  • #185
  • Mar 27, 2008 9:12am Mar 27, 2008 9:12am
Ok, just took the trade, stochastic turned positive.
Yay! Pips for everyone!
  • #186
  • Mar 27, 2008 9:14am Mar 27, 2008 9:14am
Quoting Pipsforall
Ok, just took the trade, stochastic turned positive.
I take EG long too, be careful with the tech on 0.79, daily charts, is nice to see it! hehe

Jhon.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #187
  • Mar 27, 2008 9:15am Mar 27, 2008 9:15am
Quoting Pipsforall
Beats me Rob, haven't taken the trade yet. lol BTW, just read your blog, really enjoyed it. I've been looking to short the GBP/USD as well, it just hit the 61.8 on the daily. Just not sure when I should jump in.
Well I've gone long on the EUR/GBP. Will keep a very close eye on it though.

I got the analysis of Cable's bull move spot on. Trouble is, I never had the confidence/guts to ride it for the full 300 pips. Let's see whether it's done it's run up. Could actually look for a "Daz set-up" on the 4hr
  • #188
  • Edited 9:50am Mar 27, 2008 9:32am | Edited 9:50am
Did anyone take the USDCHF short signal (78.6%- 8:00am 1hr candle)? My friend brought this to my attention. He took 2 lots out at FE 61.8 just before the news. Still has one position.

EDIT: I took an AUDUSD long yesterday, my last target (FE 78.6) got hit at 0.9245. A very long CD wave.
  • #189
  • Mar 27, 2008 9:46am Mar 27, 2008 9:46am
Quoting Dazfx
Did anyone take the USDCHF short signal (78.6%- 8:00am 1hr candle)? My friend brought this to my attention. He took 2 lots out at FE 61.8 just before the news. Still has one position.
I didn't Daz.
I couldn't spot the start of that wave until you pointed it out.

The only wave start I could see was 1.0113.
Still need more practice catching waves!

Nice trade for your friend though!

I am up +18 on the EUR/GBP at least.
  • #190
  • Mar 27, 2008 9:47am Mar 27, 2008 9:47am
I didn't see that one Daz, but the EUR/GBP trade is working out great so far.
Yay! Pips for everyone!
  • #191
  • Mar 27, 2008 9:54am Mar 27, 2008 9:54am
Quoting Pipsforall
I didn't see that one Daz, but the EUR/GBP trade is working out great so far.
would like to see this candle close above the Daily pivot.
  • #192
  • Mar 27, 2008 10:02am Mar 27, 2008 10:02am
Quoting Dazfx
EDIT: I took an AUDUSD long yesterday, my last target (FE 78.6) got hit at 0.9245. A very long CD wave.
...and in the process of resetting again now (around the 61.8-78.6 zone of today's intraday fib), for the next leg up perhaps.
  • #193
  • Mar 27, 2008 10:19am Mar 27, 2008 10:19am
Quoting ChowClown
...and in the process of resetting again now (around the 61.8-78.6 zone of today's intraday fib), for the next leg up perhaps.

Its made a 61.8 retracement but the stochastics say its a no go, def putting it on my radar.
Yay! Pips for everyone!
  • #194
  • Mar 27, 2008 10:50am Mar 27, 2008 10:50am
Quoting ChowClown
...and in the process of resetting again now (around the 61.8-78.6 zone of today's intraday fib), for the next leg up perhaps.
Good observation. Yes, 78.6 level looks good though, since there is a lot of support in that region.
  • #195
  • Mar 27, 2008 10:52am Mar 27, 2008 10:52am
Rob I wish i would have went with EURGBP. Great impulse yesterday and great move today. I'll keep an eye open next time that happens.
It really is that easy.
  • #196
  • Edited 10:59am Mar 27, 2008 10:56am | Edited 10:59am
Quoting The Fxorce
Rob I wish i would have went with EURGBP. Great impulse yesterday and great move today. I'll keep an eye open next time that happens.
Yeah it's moving up nicely now. +31 ... and 20 bucks a pip on this pair.
Next challenge ...where to jump off

I also went short on cable 15 pips ago using a "Daz set-up" on the 4hr to trigger it.
Will see if my longer term analysis works out.
  • #197
  • Mar 27, 2008 11:00am Mar 27, 2008 11:00am
Quoting priceaction
Yeah it's moving up nicely now. +31 ... and 20 bucks a pip on this pair.
Next challenge ...where to jump off

I also went short on cable 15 pips ago using a "Daz set-up" on the 4hr to trigger it.
Will see if my longer term analysis works out.
I was hoping a test of the 79 area resistance.
Yay! Pips for everyone!
  • #198
  • Mar 27, 2008 11:05am Mar 27, 2008 11:05am
Quoting Pipsforall
I was hoping a test of the 79 area resistance.
Now that would be nice pips!
  • #199
  • Mar 27, 2008 12:10pm Mar 27, 2008 12:10pm
On EURGBP, Target 1 (FE 50) at 0.7868 reached.

The AUDUSD is looking good (tested the 78.6 level). Current 1hr candle might test the low again, so still have a few hours before considering an entry.
  • #200
  • Mar 27, 2008 12:20pm Mar 27, 2008 12:20pm
Quoting Dazfx
On EURGBP, Target 1 (FE 50) at 0.7868 reached.

The AUDUSD is looking good (tested the 78.6 level). Current 1hr candle might test the low again, so still have a few hours before considering an entry.
Thanks, I was just going to ask about that one.
Yay! Pips for everyone!
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