Powerful Fib Based System - by DAZfx | Page 36 | Forex Factory

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Powerful Fib Based System - by DAZfx

  • #701
  • Jun 15, 2008 7:48am Jun 15, 2008 7:48am
Okay,

http://rapidshare.com/files/12259503...cator.zip.html

TimeFrime=0 for current period for Stochastic Divergence indicator.
v1.1 is MACD, V2.1 is OSMA all credit goes to FX5.

Cheers,


byens
  • #702
  • Jun 15, 2008 1:30pm Jun 15, 2008 1:30pm
GUyz post recent trades with the systems (charts rulesss)
  • #703
  • Jun 16, 2008 2:42am Jun 16, 2008 2:42am
Anyone see any setup?
  • #704
  • Jun 27, 2008 8:27am Jun 27, 2008 8:27am
Hi,i have been in trading rooms, and am wondering wrere the Daz Fx Room has gone, Anyone able to Help?
Thanks rtcw37
  • #705
  • Jul 2, 2008 3:01pm Jul 2, 2008 3:01pm
Hi everyone,

I've been reading diligently every post of this thread and have learned many good things. Thanks Daz for sharing your system and all others for your contributions.

I am almost done (by page 37 now), and don't recall coming across details about how you get your bias for your trading on a given day. I know that you get your trend from the daily. But, Q1: what exactly do you analyze to determine that you will seek to go long or short on a given day? Q2: Do you keep your bias for the whole trading session, or do you update it as the day progresses? And, if so, could you please elaborate?

It seems that looking for higher lows and higher highs for uptrends and lower lows and lower highs for downtrends works well when a trend is well established. But, clear and established trends don't seem to be present all the time. GBP/CHF today would be an example for me.

Thank you in advance for your help. Look forward to your replies.
  • #706
  • Jul 2, 2008 3:42pm Jul 2, 2008 3:42pm
Quoting fxtl
another good r/r , only stoch waiting to cross n hook down
tq
bud
fxtl,

I notice in your charts that you have a MACD_H4 300 colored indicator. Would you mind sharing it here? Thanks in advance.
  • #707
  • Jul 3, 2008 3:58pm Jul 3, 2008 3:58pm
Dazfx, or someone with experience using this strategy:

I would like clarification on the entry candle. Is it correct to say that with this strategy we enter on the second candle after point C has been established? The way I understand it, once point C is established, we wait for next candle to be a reversal candle, and then, on the subsequent candle we enter the trade provided that stoch are aligned properly.

Thank you in advance for your input. Regards.
  • #708
  • Jul 4, 2008 12:21am Jul 4, 2008 12:21am
Quoting linalm
Dazfx, or someone with experience using this strategy:

I would like clarification on the entry candle. Is it correct to say that with this strategy we enter on the second candle after point C has been established? The way I understand it, once point C is established, we wait for next candle to be a reversal candle, and then, on the subsequent candle we enter the trade provided that stoch are aligned properly.

Thank you in advance for your input. Regards.
That is right Linalm.
  • #709
  • Jul 24, 2008 10:51am Jul 24, 2008 10:51am
not a bad trade..for 30 minutes
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  • #710
  • Jul 28, 2008 12:59pm Jul 28, 2008 12:59pm
Could someone please tell me why there has only been one post since July 4, and if there is an active trading room?
  • #711
  • Jul 28, 2008 6:24pm Jul 28, 2008 6:24pm
Quoting loophole
Could someone please tell me why there has only been one post since July 4, and if there is an active trading room?
That is because most people just like hopping from one system to another. This system has totally increased my forex winnings, so hats off to DAZFX!!

Up until now, I just went about trading this system myself, and didn't have the free time to make posts and stay active in the forums due to the increased workload and the hectic University life. I will try to bring this thread alive now that I have more time to spare (Uni Summer Holidays).
  • #712
  • Jul 29, 2008 12:05am Jul 29, 2008 12:05am
Quote
That is because most people just like hopping from one system to another. This system has totally increased my forex winnings, so hats off to DAZFX!!

Up until now, I just went about trading this system myself, and didn't have the free time to make posts and stay active in the forums due to the increased workload and the hectic University life. I will try to bring this thread alive now that I have more time to spare (Uni Summer Holidays).

That would be nice, we still trade it when we see goo posibilities. keep it up mazdaz. we would join you when the thread is up again.

thanks
  • #713
  • Jul 29, 2008 11:50am Jul 29, 2008 11:50am
One of the best systems ever seen on the forums
Regards
  • #714
  • Jul 29, 2008 2:08pm Jul 29, 2008 2:08pm
This is to announce to all Daz traders that henceforth i shall be posting trades taken on the four major currencies as taken daily.


I must have missed a lot of people here too.


I will advice new traders to read the first two pages of this thread as all the answer to any impeding questions will be found therein.


Hope others join too

Mike
  • #715
  • Edited 1:48am Jul 30, 2008 1:38am | Edited 1:48am
Good morning traders,

Dazfx method signal a long possible trade on USDJPY this morning. it was a trickish one, MT4 platform didn't give the confirmation candle rightly but oanda gave a contemporary bullish outside bar (CBUOB)


Dunno how to upload oanda chart. presently, the trade is on +23pips. its adviceable to open multiple trades as adviced by daz but good to close one of them once 1;1.5 RR is achieved becoz the mkt is not too directional this days and the stop loss was amazingly low. 10pips


I forgot to add this, the method signal long based on advanced entry

1. pull back to 38.2
2. hidden bullish divergence spot on oscillator


Hope many traders will join soon.
  • #716
  • Jul 30, 2008 5:15am Jul 30, 2008 5:15am
good day

the earlier trade achieved 1:1.5 risk reward easily before stop loss was hit at break even.

here is another possible long trade but waiting for stoch to hook up.

thanks
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  • #717
  • Jul 30, 2008 7:46am Jul 30, 2008 7:46am
Hi Naijafx,

Nice to see you in here again.

Spotted your trade and decided it was worth the risk so I took it!

Although the down leg was just a tad short of 61.8% I still decided it was worth the risk with a tight stop loss.

Just closed off at first target level.

Take care,

DT
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  • #718
  • Jul 30, 2008 8:11am Jul 30, 2008 8:11am
Hi all,

Currently in this one too, lets see how it progresses.

Cheers DT
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  • #719
  • Jul 30, 2008 8:17am Jul 30, 2008 8:17am
Good

you acted very smart but u disregarded the simple rule of staying off the trade 15-30mins before the news.

The method gave another advanced entry, the bullish inside bar signalled long entry with bullish divergence on stochastic.

GU also signalled short but sl is too wide.

Good method!
back and live!
  • #720
  • Jul 30, 2008 8:24am Jul 30, 2008 8:24am
Hello Naijafx,

Yes your quite correct re the news, but I did say (type!) tight stop loss on this one.

Cheers DT
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