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Powerful Fib Based System - by DAZfx

  • #441
  • Apr 1, 2008 7:25am Apr 1, 2008 7:25am
Quoting ChowClown
That's how the GU setup should have been traded.
Was this evaluated from the hourly or 4 hour? I was confused by the confirmation candle having to close first but on the hourly it was already on the post-confirmation candle?
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #442
  • Apr 1, 2008 7:26am Apr 1, 2008 7:26am
Quoting mazdaz
Are you targeting FE 50 or FE 61.8?
i've just had 1 lot filled @50...the next @61.8 and the final lot @78.6.
  • #443
  • Apr 1, 2008 7:29am Apr 1, 2008 7:29am
Quoting Thexder
Was this evaluated from the hourly or 4 hour? I was confused by the confirmation candle having to close first but on the hourly it was already on the post-confirmation candle?
No mate, the big candle {11:00 GMT} that hit the daily pivot {1.9872} was the retrace candle. Then you had the confirmation candle in which Chowclown entered. Then you had the entry candle, which touched the 5SMA and shot down to the depths of hell.
  • #444
  • Apr 1, 2008 7:30am Apr 1, 2008 7:30am
just took off 2/3 lots at 9755 on GU. I like this system. Now we need a live room.
  • #445
  • Apr 1, 2008 7:31am Apr 1, 2008 7:31am
Quoting ChowClown
i've just had 1 lot filled @50...the next @61.8 and the final lot @78.6.
gr8 move..hope to ride it wid u next time
  • #446
  • Apr 1, 2008 7:34am Apr 1, 2008 7:34am
Quoting mazdaz
No mate, the big candle {11:00 GMT} that hit the daily pivot {1.9872} was the retrace candle. Then you had the confirmation candle in which Chowclown entered. Then you had the entry candle, which touched the 5SMA and shot down to the depths of hell.
You're absolutely right - I just looked back on my chart with the fib and expansion that I had plotted earlier and I did have my expansion anchored on that big one - so the one I was seeing in progress was only the confirmation and not entry. I wasn't paying attention - just woke up.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #447
  • Apr 1, 2008 7:39am Apr 1, 2008 7:39am
Quoting Thexder
Was this evaluated from the hourly or 4 hour? I was confused by the confirmation candle having to close first but on the hourly it was already on the post-confirmation candle?
Hi Thex, good to see you. This was the GU trade short, i entered slightly outside Daz rules, so apologies for any confusion.
Attached Image (click to enlarge)
Click to Enlarge Name: GU - (2) 1st Apr 08.GIF Size: 62 KB
  • #448
  • Apr 1, 2008 7:54am Apr 1, 2008 7:54am
Quoting ChowClown
Hi Thex, good to see you. This was the GU trade short, i entered slightly outside Daz rules, so apologies for any confusion.
Yeah I confused myself because after I drew the lines I looked and saw the big bearish almost-engulfing body and was thinking of that as the actual confirmation but I wasn't paying attention myself.

I'm still scalping around and always looking for new things so I ended up inevitably here. The setups do jump out at you when they form when you're used to following a certain pair already and you know its capabilities.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #449
  • Apr 1, 2008 7:56am Apr 1, 2008 7:56am
hi bro.. GU Daily with Power-horse Dazfx System.. amazing..
Attached Image (click to enlarge)
Click to Enlarge Name: daz sample live 9.gif Size: 16 KB
  • #450
  • Apr 1, 2008 8:02am Apr 1, 2008 8:02am
Quoting fxtl
hi bro.. GU Daily with Power-horse Dazfx System.. amazing..
On 1hr --> 9 winning trades 1 B/E due to news, and 0 losses.
On 15min --> 3 winning trades 0 B/E 2 losses.
On Daily --> 1 winning trade 0 B/E 0 losses.

Nice.
  • #451
  • Apr 1, 2008 8:03am Apr 1, 2008 8:03am
Hello Guyz; I think it will do us good if we can have chatroom setup so that we can alert ourselves realtime on possible trade setup. wot do u guyz think about this?
  • #452
  • Apr 1, 2008 8:09am Apr 1, 2008 8:09am
Quoting Naijafx
Hello Guyz; I think it will do us good if we can have chatroom setup so that we can alert ourselves realtime on possible trade setup. wot do u guyz think about this?
I brought up this subject yesterday. See post #377. I couldn't agree with you more. But I think we have to wait for DAZ. It's his system after all.
  • #453
  • Apr 1, 2008 8:10am Apr 1, 2008 8:10am
Quoting Naijafx
Hello Guyz; I think it will do us good if we can have chatroom setup so that we can alert ourselves realtime on possible trade setup. wot do u guyz think about this?
Yes that would be great, DAZfx mentioned yesterday that he would set one up when he had time.
  • #454
  • Apr 1, 2008 8:12am Apr 1, 2008 8:12am
Do these setups get traded whenever they form or is there a session time constraint? For instance I normally wouldn't touch cable during 12 hours a day from the last half of NY through Asia in previous methods.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #455
  • Apr 1, 2008 8:29am Apr 1, 2008 8:29am
Hello Guyz; I think it will do us good if we can have chatroom setup so that we can alert ourselves realtime on possible trade setup. wot do u guyz think about this?
  • #456
  • Apr 1, 2008 8:38am Apr 1, 2008 8:38am
I want you guyz to give me a go aahead, i would create one in tradingrooms.com which i believe most of us are familiar with.

Just indicate your interest by posting and u are sure that it will be ready for trading before london session tomorrow and all the required settings and instruction will be posted here.

Am encouraged...

I want traders that started this thread when it was opened too to get involved, without their involvement, don't think i will create it.

But really, its effect will swell our bank account coz many trades opportunity will be spot.
  • #457
  • Apr 1, 2008 8:43am Apr 1, 2008 8:43am
Quoting Naijafx
I want you guyz to give me a go aahead, i would create one in tradingrooms.com which i believe most of us are familiar with.

Just indicate your interest by posting and u are sure that it will be ready for trading before london session tomorrow and all the required settings and instruction will be posted here.

Am encouraged...

I want traders that started this thread when it was opened too to get involved, without their involvement, don't think i will create it.

But really, its effect will swell our bank account coz many trades opportunity will be spot.
There is already a DAZ room in the private rooms. LOL
  • #458
  • Apr 1, 2008 8:59am Apr 1, 2008 8:59am
Daz,
Would the current candle on the EUR/AUD on the 1hr have qualified for a good sell or not? The Stochastic is up but it began retracing between the 61.8 and 78.6 range?

By the way thanks for sharing Daz
  • #459
  • Apr 1, 2008 11:53am Apr 1, 2008 11:53am
Quote
There is already a DAZ room in the private rooms. LOL

Thanks for the response Mazdaz but how can we be an authorised member... I know that it was made private to 'filter' traders that will not contribute positively.
  • #460
  • Apr 1, 2008 11:58am Apr 1, 2008 11:58am
yea.. but who has the password?

Quoting mazdaz
There is already a DAZ room in the private rooms. LOL
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