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Powerful Fib Based System - by DAZfx

  • #481
  • Apr 2, 2008 4:24am Apr 2, 2008 4:24am
Quoting priceaction
Potential set up on the EUR/GBP here guys ...
(I'm long)
It's stalled at some resistance right now so maybe better to wait until it clears it.
I'm hoping to trade this too, from the 4hr perspective, although using the 1hr SMA(5) for an entry on any pullback to that level.

Good luck m8.
  • #482
  • Apr 2, 2008 4:28am Apr 2, 2008 4:28am
Quoting doubletop
Morning all...

Any thoughts on this set up?

Currently in at 1.0120.

Cheers DT
Hi DT, have my eye on this one too, from the 4hr. I'll use the 1hr SMA(5) level as an entry area, if it gets there i'll drill down a few TFs to identify a suitable entry pattern.
  • #483
  • Apr 2, 2008 4:31am Apr 2, 2008 4:31am
Quoting pipiolo
thank you for the tips. UJ could resume its uptrend after small retracement?
possible setup still on a very very early stage
Thanks for the headsup Pipiolo.
  • #484
  • Apr 2, 2008 4:35am Apr 2, 2008 4:35am
Hi ChowClown,

Thanks for the reply.

I backed up my entry on the previous pinbar.

Just a little early as the stochs are still above the 80 level.

Cheers DT.
  • #485
  • Edited 4:46am Apr 2, 2008 4:41am | Edited 4:46am
Quoting doubletop
Morning all...

Any thoughts on this set up?

Currently in at 1.0120.

Cheers DT
Looks nice DT.
The only thing I'd keep an eye out for is potential support by the 60ema on the 30 min which is just approaching (around 1.0085).

Additionally ...
Price is also below the 200 ema on the 1 day and 4 hr, and above the 200 ema on the 1 hr. Using TEB's WSS, this would also indicate a potential short.
  • #486
  • Apr 2, 2008 4:46am Apr 2, 2008 4:46am
Quoting priceaction
Looks nice DT.
The only thing I'd keep an eye out for is potential support by the 60ema on the 30 min which is just approaching (around 1.0085).

Thanks for the info Priceaction, will do.

Have you any thoughts on the targets?, I appreciate its a longer term trade!

DT
  • #487
  • Apr 2, 2008 4:52am Apr 2, 2008 4:52am
Quoting doubletop
Thanks for the info Priceaction, will do.

Have you any thoughts on the targets?, I appreciate its a longer term trade!

DT
I'm still on the learning curve in that area DT and I had to get DAZ's advice on the same subject last week on a EUR/GBP trade.

I'd use DAZ's guidelines here: http://www.forexfactory.com/showpost...15&postcount=1
and keep a close eye on other S & R levels and candles
  • #488
  • Apr 2, 2008 4:54am Apr 2, 2008 4:54am
Quoting ChowClown
I'm hoping to trade this too, from the 4hr perspective, although using the 1hr SMA(5) for an entry on any pullback to that level.

Good luck m8.

Hi Chow.

I m with you on this one. That's a good entry strategy.

Good luck.
  • #489
  • Apr 2, 2008 4:55am Apr 2, 2008 4:55am
Quoting priceaction
I'm still on the learning curve in that area DT and I had to get DAZ's advice on the same subject last week on a EUR/GBP trade.

I'd use DAZ's guidelines here: http://www.forexfactory.com/showpost...15&postcount=1
and keep a close eye on other S & R levels and candles
Thanks for that, I have T1 as 0.9930, T2 0.9867, T3 0.9786.

SL moved to BE.

Cheers DT
  • #490
  • Apr 2, 2008 5:05am Apr 2, 2008 5:05am
Hrly GU short setting up nicely now.
  • #491
  • Apr 2, 2008 5:15am Apr 2, 2008 5:15am
trading room is full.i can not join
  • #492
  • Apr 2, 2008 5:18am Apr 2, 2008 5:18am
Quoting Joe82
trading room is full.i can not join
Good Afternoon,

Apologies to everyone unable to join the room. It seems that I can only get maximum 20 people into the private room. I will try and upgrade my package to accommodate more people.

Thanks
  • #493
  • Apr 2, 2008 5:19am Apr 2, 2008 5:19am
Quoting ChowClown
Hrly GU short setting up nicely now.
looks it want to test support again, should we wait for the confirmation candle?
btw did you close your 3rd position on your GU short of yesterday?
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 14 KB
  • #494
  • Apr 2, 2008 5:24am Apr 2, 2008 5:24am
Quoting pipiolo
looks it want to test support again, should we wait for the confirmation candle?
btw did you close your 3rd position on your GU short of yesterday?
...yes, the confirmation candle is forming now (completing on the hour).

I closed yesterday's 3rd lot on the GU short just above the hourly inside candle that formed..never made it to T3 from there.
  • #495
  • Apr 2, 2008 5:34am Apr 2, 2008 5:34am
Wow, I can't get into my own room. Can someone please tell me how I can increase the number of participants (currently it is 20)?

Thanks
  • #496
  • Apr 2, 2008 5:36am Apr 2, 2008 5:36am
hang on Daz I have told them in the room that you are locked out!
  • #497
  • Apr 2, 2008 5:37am Apr 2, 2008 5:37am
Daz, i got out, so that you can get in.

quick get in!!

Quoting Dazfx
Wow, I can't get into my own room. Can someone please tell me how I can increase the number of participants (currently it is 20)?

Thanks
  • #498
  • Apr 2, 2008 5:39am Apr 2, 2008 5:39am
try now Daz
  • #499
  • Apr 2, 2008 5:39am Apr 2, 2008 5:39am
Quoting intelmaster
Daz, i got out, so that you can get in.

quick get in!!
Ouch, too late. Are all the rooms limited to 20 users or is it just mine? I can't seem to find a page on their site that will let me increase the number of users.
  • #500
  • Apr 2, 2008 5:40am Apr 2, 2008 5:40am
Daz, Im out too

hope you get in
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