Powerful Fib Based System - by DAZfx | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Spud's MTF FIB Breakout System 383 replies

Fib/trendlinebreak entry exit system 4 replies

LFB System - London Fib Breakout 45 replies

Target Yearly 30-40% - Fib-Ox System Journal! 17 replies

Resurrected Powerful Dazfx AMG wave 20 replies

Attachments: Powerful Fib Based System - by DAZfx
Exit Attachments

Powerful Fib Based System - by DAZfx

  • #341
  • Mar 31, 2008 8:01am Mar 31, 2008 8:01am
Quoting Dazfx
Hopefully, I can move on and share more advanced setups, which will get you closer to being an intuitive trader.
...very generous offer, Daz. Looking forward to it
  • #342
  • Mar 31, 2008 8:12am Mar 31, 2008 8:12am
Quoting Dazfx
Those who went short on Cable (daily) will be smiling their way to the bank.

Remember, 61.8 retrace. The cable is playing out the ABCD move on the daily, so I will take every setup I get on the hourly.
count me in daz!

my idea
GU still on short play..i believe until it reach ema601 on daily!

pid
{Promotion Removed}
  • #343
  • Mar 31, 2008 8:33am Mar 31, 2008 8:33am
guys anybody in oil and gold? same set up playing. u are the da man daz. thanks a lot for this system.
regards
Quoting popisdead
count me in daz!

my idea
GU still on short play..i believe until it reach ema601 on daily!

pid
  • #344
  • Mar 31, 2008 8:40am Mar 31, 2008 8:40am
suspect, you post here many many 'setups' but most of them don't fill the basic condition of retracement being either 61.8 or 78.6. They are mostly 38.2 or 50.0. The 'anykind of retracement' setups can be found across all pairs every day but it doesn't mean i would trade them, nor they are according to the rules.
  • #345
  • Mar 31, 2008 8:58am Mar 31, 2008 8:58am
Anyone else get in on the GBP/USD trade today, made some great pips! Thanks Daz!
Yay! Pips for everyone!
  • #346
  • Mar 31, 2008 9:07am Mar 31, 2008 9:07am
Quoting Pipsforall
Anyone else get in on the GBP/USD trade today, made some great pips! Thanks Daz!
Nice one!

Not on GBP/USD for me yet, this latest surge of momentum will help set the Daz ducks up nicely though for a short off the hrly later, all being well....it's just sniffed 61.8 and backed off i think.
  • #347
  • Mar 31, 2008 9:13am Mar 31, 2008 9:13am
EUR/USD testing resistance again....will it or won't it
  • #348
  • Mar 31, 2008 9:22am Mar 31, 2008 9:22am
Quote
EDIT: Might want to keep an eye on USDCHF.
So who took the USDCHF short?

Remember, most of the times, USDCHF is the mirror image of EURUSD.
  • #349
  • Mar 31, 2008 9:30am Mar 31, 2008 9:30am
GBPUSD already touched 78.6 Fib line. Let's see what happen in the next bars... perhaps we will have another short setup.

Have a nice day!!

Pip
  • #350
  • Mar 31, 2008 9:40am Mar 31, 2008 9:40am
Quoting Dazfx
So who took the USDCHF short?

Remember, most of the times, USDCHF is the mirror image of EURUSD.
...a stormer! Thanks for the headsup Daz . At the time, i was a tad dubious about the strength for a down move from the position of the stoch, but how it has paid out!!...all the targets i'd set for the trade blown away within minutes.

Here's where I pulled the fib for the move.
Attached Image (click to enlarge)
Click to Enlarge Name: UC - (1) 31st Mar 08.GIF Size: 58 KB
  • #351
  • Mar 31, 2008 9:42am Mar 31, 2008 9:42am
Quoting Pip
GBPUSD already touched 78.6 Fib line. Let's see what happen in the next bars... perhaps we will have another short setup.

Have a nice day!!

Pip
yes,
price is now at ema60 - resistant!

but looking at EU latest swing hi -Uptrend...
im cautious..

pid
{Promotion Removed}
  • #352
  • Mar 31, 2008 9:46am Mar 31, 2008 9:46am
Quoting Pip
GBPUSD already touched 78.6 Fib line. Let's see what happen in the next bars... perhaps we will have another short setup.

Have a nice day!!

Pip
Yes, on closer watch now for the next couple of hours....a bit more work to do before she signals
  • #353
  • Mar 31, 2008 9:46am Mar 31, 2008 9:46am
EUR/JPY Anyone?
Yay! Pips for everyone!
  • #354
  • Mar 31, 2008 9:53am Mar 31, 2008 9:53am
Quoting suspect
me.. but shouldnīt the retracment between 61.8 or 78.6 fib levels like maden wrote?
Yes suspect. It did retrace at the 61.8 level. Take a look at ChowClown's chart.
  • #355
  • Mar 31, 2008 9:54am Mar 31, 2008 9:54am
Quoting Pipsforall
EUR/JPY Anyone?
I prefer the look of shorting EJ than GU now
  • #356
  • Mar 31, 2008 9:55am Mar 31, 2008 9:55am
Quoting ChowClown
I prefer the look of shorting EJ than GU now
Yes me too.
Yay! Pips for everyone!
  • #357
  • Mar 31, 2008 9:58am Mar 31, 2008 9:58am
Quoting ChowClown
I prefer the look of shorting EJ than GU now
Yes, take the one with the best R:R ratio.
  • #358
  • Mar 31, 2008 10:13am Mar 31, 2008 10:13am
The EJ short is looking really good right now.
Yay! Pips for everyone!
  • #359
  • Mar 31, 2008 10:17am Mar 31, 2008 10:17am
Quoting ChowClown
...a stormer! Thanks for the headsup Daz . At the time, i was a tad dubious about the strength for a down move from the position of the stoch, but how it has paid out!!...all the targets i'd set for the trade blown away within minutes.

Here's where I pulled the fib for the move.
How can you shift the chart so far? Looked for Settings but havenīt find yet..
  • #360
  • Mar 31, 2008 10:17am Mar 31, 2008 10:17am
Quoting Pipsforall
The EJ short is looking really good right now.

you're not in already, are you?
0 traders viewing now