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Powerful Fib Based System - by DAZfx

  • #601
  • Apr 10, 2008 7:14pm Apr 10, 2008 7:14pm
Quoting fxtl
hi..
gj is good setup. D1 downtrend.stoch cross, price touch 5 sma,just wait 4 bearish candle reversal.
tq
Hi mate,

Doesn't the AB wave have too many candles? Wouldn't you rather use 4Hr to reduce the candles?

Just my 2 cents.
  • #602
  • Apr 11, 2008 8:29am Apr 11, 2008 8:29am
I have no word but thanks to POWERHORSE DAZ SYSTEMS 141 PIPS WOW daz
Attached Image (click to enlarge)
Click to Enlarge Name: daz sample live 16.gif Size: 17 KB
  • #603
  • Apr 11, 2008 8:37am Apr 11, 2008 8:37am
Quoting mazdaz
Hi mate,

Doesn't the AB wave have too many candles? Wouldn't you rather use 4Hr to reduce the candles?

Just my 2 cents.
I agree with u mazdaz, but I dont open after reversal candlle . I put pending order at lower candle + spread + 1.
tq
  • #604
  • Apr 11, 2008 9:53am Apr 11, 2008 9:53am
Quoting mazdaz
Hi mate,

Wouldn't you rather use 4Hr to reduce the candles?

Just my 2 cents.
hi.. mazdaz, I really thanks to see price at 4hr time frame, its better than 1hr tf. n not to wide SL like D1 tf.n not to make false signal like 1hr. i think its suit me
tq.
  • #605
  • Apr 11, 2008 10:39am Apr 11, 2008 10:39am
Quoting fxtl
hi.. mazdaz, I really thanks to see price at 4hr time frame, its better than 1hr tf. n not to wide SL like D1 tf.n not to make false signal like 1hr. i think its suit me
tq.
Yeah it looks pretty on the 4hr. I took the same trade based on 4hr setup.

SL at 201.90
Entry at 200.95

T1 already hit at 199.62
T2 already hit at 199.09
T3 at 198.34

Awesome RR trade.
  • #606
  • Apr 11, 2008 10:46am Apr 11, 2008 10:46am
Hello Mazdaz,do u still trade daz on daily time frame? do u care to share insight to trades taken?Thanks
  • #607
  • Apr 11, 2008 10:56am Apr 11, 2008 10:56am
Quoting mazdaz
Yeah it looks pretty on the 4hr. I took the same trade based on 4hr setup.

SL at 201.90
Entry at 200.95

T1 already hit at 199.62
T2 already hit at 199.09
T3 at 198.34

Awesome RR trade.
good stuff mate..

excellent RR..

pid
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  • #608
  • Apr 12, 2008 10:05am Apr 12, 2008 10:05am
Hi!

Just to clarify, should the cross of stoch happen in 80+ and 20- area, or should it not?

Thank you.
  • #609
  • Apr 12, 2008 6:06pm Apr 12, 2008 6:06pm
Quote
Hi!

Just to clarify, should the cross of stoch happen in 80+ and 20- area, or should it not?

Thank you.

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According to the rule, the cross must not happen in the OB or OS area.... join us in the tradingroom and see how we trade live
  • #610
  • Apr 13, 2008 1:18pm Apr 13, 2008 1:18pm
Quoting Naijafx
According to the rule, the cross must not happen in the OB or OS area.... join us in the tradingroom and see how we trade live
Sup mate,

-------------------
Short
2) On the Stochastic Oscillator window, the fast stoch (blue line) has already crossed or is crossing the slow stoch (red dotted line) and hooking down. This cross should not happen in the oversold region (20 or below).

Long
2) On the Stochastic Oscillator window, the fast stoch (blue line) has already crossed or is crossing the slow stoch (red dotted line) and hooking up. This cross should not happen in the overbought region (80 or above).
-------------------

The above excerpt from the first post doesn't say 'No Hooks in OB and OS area'. Instead it says no cross in the OB region for Long, and no cross in the OS region for Short.

Then again, that is how I interpreted the initial post.
  • #611
  • Apr 13, 2008 6:07pm Apr 13, 2008 6:07pm
Quoting Naijafx
According to the rule, the cross must not happen in the OB or OS area.... join us in the tradingroom and see how we trade live

As I understand it, I believe that the cross should not happen in the OB for long trade and in the OS for sell trade. Just use the common sense, if it is already overbought, then there is no reason for people to buy it anymore, ( that is why they use the word overbought). So it is a good signal for sell. And as I understand it, if you have a short setup and if stoch cross in the OB region , it is good to go in. The reverse is for OS with long setup.

correct me if I am wrong
  • #612
  • Apr 13, 2008 6:57pm Apr 13, 2008 6:57pm
Quote
As I understand it, I believe that the cross should not happen in the OB for long trade and in the OS for sell trade. Just use the common sense, if it is already overbought, then there is no reason for people to buy it anymore, ( that is why they use the word overbought). So it is a good signal for sell. And as I understand it, if you have a short setup and if stoch cross in the OB region , it is good to go in. The reverse is for OS with long setup.

correct me if I am wrong

Technically and with common sense, mazdaz and fibrorex av just hit the nail on the head.
  • #613
  • Apr 14, 2008 7:25am Apr 14, 2008 7:25am
...just taken by some of us in the room.
Attached Image (click to enlarge)
Click to Enlarge Name: EG - (1) 14th April 08.GIF Size: 54 KB
  • #614
  • Apr 14, 2008 9:26am Apr 14, 2008 9:26am
Quoting ChowClown
...just taken by some of us in the room.
hi chowclown.. is setup ok ? do u think D1 4 EGP/GBp is Uptren ?
why make short trade ?
tq.
bud
  • #615
  • Apr 14, 2008 9:50am Apr 14, 2008 9:50am
Hi FXTL, if you look closely at the chart you might be able to spot that i'm using the daily stoch(5,3,3) for trend. It's short for EG and that's why i took the setup. I have to hang my hat on some definition of daily trend for Daz's setups and the 533 works for me atm. Hope to see you in the room.
  • #616
  • Apr 14, 2008 9:51am Apr 14, 2008 9:51am
Quote
hi chowclown.. is setup ok ? do u think D1 4 EGP/GBp is Uptren ?
why make short trade ?
tq.
bud

I didn't take the trade for same reason but seems they spot bearish daily trend on time. Good boy but seems might break trendline today to confirm short in play for me against 2moro.

Good trade! bravo
  • #617
  • Apr 14, 2008 12:59pm Apr 14, 2008 12:59pm
I think its look good 4 short. only waiting bear candle rev, and stoch cross,
just wait
Attached Image (click to enlarge)
Click to Enlarge Name: daz sample live 17.gif Size: 16 KB
  • #618
  • Apr 14, 2008 7:44pm Apr 14, 2008 7:44pm
another good r/r , only stoch waiting to cross n hook down
tq
bud
Attached Image (click to enlarge)
Click to Enlarge Name: daz sample live 18.gif Size: 17 KB
  • #619
  • Apr 15, 2008 1:33am Apr 15, 2008 1:33am
hi..
usd/jpy(downtrend) looking 4 short n eu/jpy(side ways) looking 4 short at 4hr tf. good r/r . waiting stoch cross

edit :
usd/chf cancel . price retrace to many candle
  • #620
  • Apr 15, 2008 2:46am Apr 15, 2008 2:46am
Quoting fxtl
hi..
usd/jpy(downtrend) looking 4 short n eu/jpy(side ways) looking 4 short at 4hr tf. good r/r . waiting stoch cross

edit :
usd/chf cancel . price retrace to many candle
USDCHF..so far 40+pips
USDJPY 30+pips
EURAUD 40+pips

excellent day..
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pid
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