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Powerful Fib Based System - by DAZfx

  • #561
  • Apr 3, 2008 9:27pm Apr 3, 2008 9:27pm
Quoting baz
Hi mazdaz
thanks for pointing it out,but i have a different way of trding.
I look for a break of trend line in the direction of the trade,and then look for a retest of the b/o point or the previous low,and more importantly will want to see the prices remain above the 200/60 ema on the 5 min,and to confirm the trade ,also to see the macd transit the zero line,and stay above.All this on the 5 min chart.
Slightly different,nor do i use Stochastics either.
Yes i think we should all get together and rename the thread to
MazDazBaz system sprinkled with a bit of OZFX !!!!
Take care and trade safe

baz
BAZ, great to have u here buddy! i hope u r OK now! hei..what about me?? POPMASDAZBAZ! pid
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  • #562
  • Apr 4, 2008 1:20am Apr 4, 2008 1:20am
Oh yeah!!

Target 3 about to hit on AUDUSD and EURJPY from yesterday!!

3 successful AUDUSD long trades in 3 consecutive days!!
  • #563
  • Edited 2:08am Apr 4, 2008 1:38am | Edited 2:08am
In another office now and won't be able to access the room.

Still in the UJ short with first target hit @ FE50. Took a 20 pip loss on the EJ short, which was an aggressive counter trend setup...small stakes so not too much damage done.

Have my eye on AU (hrly short), a bit to do yet.

Edit: AU short off watch list now. Last hourly close well above 76.8.

Edit: Just closed UJ short....counter trend, so have to be more sensitive to reversal price action.
  • #564
  • Apr 4, 2008 1:39am Apr 4, 2008 1:39am
Quoting mazdaz
Oh yeah!!

Target 3 about to hit on AUDUSD and EURJPY from yesterday!!

3 successful AUDUSD long trades in 3 consecutive days!!
Great trading MD.
  • #565
  • Apr 4, 2008 1:55am Apr 4, 2008 1:55am
I update the DAZfx strategy. thanks to suspect.

If any one have suggestion (or Criteria) to make better this PDF dont hesitate and sent it to me.

yahoo ID : sara_forex
Skype : sara-fx
Attached File(s)
File Type: pdf Powerful Fib Based System.pdf   156 KB | 2,029 downloads
  • #566
  • Apr 4, 2008 2:06am Apr 4, 2008 2:06am
Quoting ChowClown
In another office now and won't be able to access the room.

Still in the UJ short with first target hit @ FE50. Took a 20 pip loss on the EJ short, which was an aggressive counter trend setup...small stakes so not too much damage done.

Have my eye on AU (hrly short), a bit to do yet.
Just out of curiosity, with 3 consecutive long setups working out on AUDUSD, shouldn't you be looking to long this pair?

TARGET 3 HIT ON AUDUSD WOOHOOO!!!

On EJ, I am still in on the long I took in the room from yesterday. Still Target 3 to hit (I might close early as Target 3 is near a strong resistance)
  • #567
  • Apr 4, 2008 2:23am Apr 4, 2008 2:23am
Quoting mazdaz
Just out of curiosity, with 3 consecutive long setups working out on AUDUSD, shouldn't you be looking to long this pair?

TARGET 3 HIT ON AUDUSD WOOHOOO!!!

On EJ, I am still in on the long I took in the room from yesterday. Still Target 3 to hit (I might close early as Target 3 is near a strong resistance)
Yes, i'll be taking any setup it gives in the direction of prevailing trend, but i'm willing to 'scalp' off any counter trend possibilities - you'll see i edited the post a while ago, when the AU short fell off watch due to the hrly close above the 76.8.

Fingers crossed on the EJ T3 for you
  • #568
  • Apr 4, 2008 3:02am Apr 4, 2008 3:02am
Quoting mazdaz
Just out of curiosity, with 3 consecutive long setups working out on AUDUSD, shouldn't you be looking to long this pair?

TARGET 3 HIT ON AUDUSD WOOHOOO!!!

On EJ, I am still in on the long I took in the room from yesterday. Still Target 3 to hit (I might close early as Target 3 is near a strong resistance)
enhorabuena (congratulations), well traded mazdaz!
  • #569
  • Apr 4, 2008 4:08am Apr 4, 2008 4:08am
Quoting sara-fx
I update the DAZfx strategy. thanks to suspect.

If any one have suggestion (or Criteria) to make better this PDF dont hesitate and sent it to me.

yahoo ID : sara_forex
Skype : sara-fx
thanks for the update sara! pid
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  • #570
  • Apr 4, 2008 7:20am Apr 4, 2008 7:20am
from this point of view seems EU wants to tests new highs during next week...
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.gif Size: 11 KB
  • #571
  • Apr 4, 2008 8:21am Apr 4, 2008 8:21am
hi.. EJ.. is waiting to cross..
Attached Image (click to enlarge)
Click to Enlarge Name: daz sample live 11.gif Size: 15 KB
  • #572
  • Apr 5, 2008 1:41pm Apr 5, 2008 1:41pm
Could someone define EJ longterm trend? on weekly it was clearly in an uptrend, but for last few weeks seems to be ranging/or going down.
Dialy is hard to define also. What kind of H1 trades should we be looking for?
  • #573
  • Apr 5, 2008 1:51pm Apr 5, 2008 1:51pm
Quote
Could someone define EJ longterm trend? on weekly it was clearly in an uptrend, but for last few weeks seems to be ranging/or going down. Dialy is hard to define also. What kind of H1 trades should we be looking for? Reply With Quote
I just wanted to quickly reply to this, in my own opinion, stay out of currency that its longterm trend is a bit difficult to ascertain and go for others that could be easily.
  • #574
  • Apr 6, 2008 4:40am Apr 6, 2008 4:40am
Would you agree that the time it takes to make a retracement to 61/72 has to be shorter than the time it took for our swing high to swing low?
What's your experience on that?
  • #575
  • Apr 6, 2008 9:15am Apr 6, 2008 9:15am
Hopefully Daz will able to post the write-up for theADVANCED LEVEL within this week.

PiD
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  • #576
  • Apr 6, 2008 10:42am Apr 6, 2008 10:42am
Quoting popisdead
Hopefully Daz will able to post the write-up for theADVANCED LEVEL within this week.

PiD
Hi PiD,

I am working on the Advanced Rules & Setups. I will post here as soon as I've completed it.

Thanks
  • #577
  • Apr 8, 2008 7:27pm Apr 8, 2008 7:27pm
Quoting Dazfx
Hi PiD,

I am working on the Advanced Rules & Setups. I will post here as soon as I've completed it.

Thanks
Hi Daz
We are waiting to your Advance rules.
  • #578
  • Apr 8, 2008 10:08pm Apr 8, 2008 10:08pm
This is a pretty sweet system! If only I could stay up to trade it
  • #579
  • Apr 8, 2008 11:03pm Apr 8, 2008 11:03pm
Here are the possible setup for today using DAZ set up. UCHF is still forming as the stoch hasn't crossed up while NZDUSD trade is on.Attached are the screenshots. Thanks to CC for updating in the tradingroom.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chowclown4920085512.png Size: 16 KB
Click to Enlarge Name: chowclown49200854233.png Size: 15 KB
  • #580
  • Apr 9, 2008 1:16am Apr 9, 2008 1:16am
Quoting Naijafx
Here are the possible setup for today using DAZ set up. UCHF is still forming as the stoch hasn't crossed up while NZDUSD trade is on.Attached are the screenshots. Thanks to CC for updating in the tradingroom.
Hi Naijafx,
Thanks for the heads-up. I have taken the U/Chf but based upon the next biggest swing, since th one in your post retraced too far.

I have 2 questions :
1. The stochastic used in the Dazfx method, is it simple or exponential , isand is it close/close or low/high ?

2. I think the 'traffic lights' in your chart look good. What is the indicator and what is it showing . That is which MACD, and which EMA and what is STR?

Thanks,
Ian
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