DislikedI am watching that one as well, but so far the stochastics aren't cooperating.Ignored
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DislikedI am watching that one as well, but so far the stochastics aren't cooperating.Ignored
DislikedI think the downside momentum looks too strong. Maybe its best to start Monday. I took an EJ long early based on this system, and it worked like a charm!! I love the low Risk High Reward trade setups this system gives. Simply awesome!!!Ignored
DislikedInteresting analysis DS, i'm biased short from the daily/weekly chart at the moment and will be watching the GU hrly Daz setup closely now, as it approaches it's fib decision zone, for a potential short....it's got a fair bit to do yet though before signalling!Ignored
DislikedHmmm...I think you're spot on ChowClown!Thanks for your reply.
Just one question...if GU were to close as it is at the moment, would this maribozu that is currently forming be the candle to trigger a short in your opinion?
Posted another chart going the other way this time.
Thanks again
DSIgnored
DislikedFirst of all, thank you Daz for sharing this profitable system with all of us.Personally, you've provided an important trading weapon to add to any trader's arsenal.
I've always thought that Fibs had a lot to offer, but you've really cleared up a lot of issues w.r.t. Fibs for me (e.g. where to set anchor points,etc.)!
With regards to GU Daily chart,I'd appreciate your views on the following:
http://www.forexfactory.com/showpost...&postcount=195
Any corrections would be appreciated as well.
Hope you don't mind me posting this link, it just saves me from re-working the charts,etc.
Thanks again,
Wishing you many pips,
DSIgnored
DislikedHi DAZFX and fellow mates..
i've been following this thread seriously since 2 hours ago..
thanks to DAZ for sharing this amazing system!
can somebody comment on my practice chart!!
did i do it correctly?
would appreciate any comments!
pidIgnored
DislikedYes you got most of it right. But the retracements should only be 61.8 or 78.6 . If you put SL on a 50 retrace setup, you might get hit more often (like on your chart, when the candle almost touched).Ignored
DislikedLooking at the GBP/USD, think it will make a 61.8 retracement and then go in for another short.Ignored
Dislikedstill got room for LONG to play..about 50pips!
hehehe..just kidding
PiDIgnored