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Powerful Fib Based System - by DAZfx

  • #741
  • Jul 31, 2008 4:37am Jul 31, 2008 4:37am
Thanks for reply Naijafx,sounds like a good idea about simulator to help with learning,did the GBPUSD trade come good for you.Thanks PAT
  • #742
  • Jul 31, 2008 6:32am Jul 31, 2008 6:32am
Thanks for reply Naijafx,sounds like a good idea about simulator to help with learning,did the GBPUSD trade come good for you.Thanks PAT
  • #743
  • Jul 31, 2008 8:07am Jul 31, 2008 8:07am
GU trade hit its 1st target a minute before the news after 3hrs struggle
  • #744
  • Jul 31, 2008 9:43am Jul 31, 2008 9:43am
Hello, what do you think about looking for a confirmation candle on a smaller time frame. I've been looking at M15 and M5 to confirm my H1 trades, it seems that it gives us the oppurtunity for a much better entry. I just tried it on EUR/JPY (H1/M5).

Sorry if this subject has already been covered, I haven't read the entire thread yet.
  • #745
  • Jul 31, 2008 10:41am Jul 31, 2008 10:41am
Thanks for reply Naijafx,sounds like a good idea about simulator to help with learning,did the GBPUSD trade come good for you.Thanks PAT
  • #746
  • Jul 31, 2008 2:43pm Jul 31, 2008 2:43pm
Quote
Hello, what do you think about looking for a confirmation candle on a smaller time frame. I've been looking at M15 and M5 to confirm my H1 trades, it seems that it gives us the oppurtunity for a much better entry. I just tried it on EUR/JPY (H1/M5).

Sorry if this subject has already been covered, I haven't read the entire thread yet.

yeah, it can be done as well. this will give much more better entry with tight stop loss.

keep it up
  • #747
  • Aug 1, 2008 4:44am Aug 1, 2008 4:44am
This looks good in formation. let's wait and see if it will give a clear signal.

Remember, the lower the time frame the less reliable signals are.
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 23 KB
  • #748
  • Aug 4, 2008 7:41am Aug 4, 2008 7:41am
Hello, Good day DAZ, God bless u for sharing this system to help people to make money.My God will continue to bless u,amen. Just want to beg u of one thing that u shd at least once in a while drop by please for more education.Just finished reading the thread and hope i will make money too. Thanks. Nerry
  • #749
  • Aug 4, 2008 9:17am Aug 4, 2008 9:17am
Hi there !!!

How do I get the fibo to appear on my chart like the one shown on this thread ?

Thanks anyway.
  • #750
  • Aug 4, 2008 10:20am Aug 4, 2008 10:20am
hi Syahmi, Am new to this system, to get the fib, go to insert on MT4, go down to fibonacci and there u see retracement. Try and locate swing high and low and plot the fib on it to get the retrace. Then go back to the same insert, fibonacci and there u pick up expansion.plot it on the chart to give u the targets lines. the retracement shd give AB While expansion shd give ABC. Never mind all those diff forms of fibs u are seeing else u confuse yourself. u must be able to determine the trend which has been the headache of many traders. As for me i hope to start making money using this great system.I have been able to spot some trades today UChf 1Hr,let see how UJ 4Hr goes, so i wish myself good luck and u too. Nerry.
  • #751
  • Aug 4, 2008 12:00pm Aug 4, 2008 12:00pm
Quote
hi Syahmi, Am new to this system, to get the fib, go to insert on MT4, go down to fibonacci and there u see retracement. Try and locate swing high and low and plot the fib on it to get the retrace. Then go back to the same insert, fibonacci and there u pick up expansion.plot it on the chart to give u the targets lines. the retracement shd give AB While expansion shd give ABC. Never mind all those diff forms of fibs u are seeing else u confuse yourself. u must be able to determine the trend which has been the headache of many traders. As for me i hope to start making money using this great system.I have been able to spot some trades today UChf 1Hr,let see how UJ 4Hr goes, so i wish myself good luck and u too. Nerry.

http://www.forexfactory.com/images/buttons/quote.gif


Hello nelly, a picture says better. plz post your screen shot
  • #752
  • Aug 4, 2008 12:58pm Aug 4, 2008 12:58pm
Hey people, does it means this system do not work anymore or that u guys have gotten all what u all wanted. But still some can still come around at least to keep the thread going and to continue to teach the newbies if Daz is not around. Maybe this is what makes Daz himself to leave when he finds out that people are not ready to learn anymore or that they have gotten what they wanted. I know Daz still have more to share and wish he Daz can still come around. Thanks Daz. Nerry.
  • #753
  • Aug 4, 2008 1:21pm Aug 4, 2008 1:21pm
Quote
Hey people, does it means this system do not work anymore or that u guys have gotten all what u all wanted. But still some can still come around at least to keep the thread going and to continue to teach the newbies if Daz is not around. Maybe this is what makes Daz himself to leave when he finds out that people are not ready to learn anymore or that they have gotten what they wanted. I know Daz still have more to share and wish he Daz can still come around. Thanks Daz. Nerry.

Nerry just to let u know that the absence of Daz hasn't stopped traders from posting. check the thread so see when last he posted.


If u have any question feel free to ask, if I can, i will and if I can't traders like CC, DT or mazdaz may offer help

and to other traders. keep posting!
  • #754
  • Aug 5, 2008 3:21am Aug 5, 2008 3:21am
Check this out, this might be usefull for us.
Stochastic on chart mtf. Change to 8,3,3 stoch.
Attached File(s)
File Type: mq4 OnChart_Stochastic_Channel_(FL_MTF).mq4   7 KB | 911 downloads
  • #755
  • Aug 5, 2008 3:51am Aug 5, 2008 3:51am
Quoting byens
Check this out, this might be usefull for us.
Stochastic on chart mtf. Change to 8,3,3 stoch.
Hi byens, i must say thanks and hope u will always come around for more of this. Nerry.
  • #756
  • Aug 5, 2008 4:04am Aug 5, 2008 4:04am
Hello people, Does it means no trade(s) was/were spotted today.if no why no chart on the thread? CC, Mazdaz, DT ,naijafx ,fxtl, popsidead, hey come on, what is happening? Nerry.
  • #757
  • Aug 5, 2008 8:04am Aug 5, 2008 8:04am
Chfjpy 4Hr profit at the three target levels, EY 4Hr profit at the three target levels, UJ 4Hr But took profit at FE 50.0 only (107.75) due to strong dollars but planning re-entering at lower TF (don't know if am right on these trades). Hope am getting it and making money from it. Check this out.Thanks Nerry. trying to learn to post chart.
  • #758
  • Aug 5, 2008 9:05am Aug 5, 2008 9:05am
Quote
Chfjpy 4Hr profit at the three target levels, EY 4Hr profit at the three target levels, UJ 4Hr But took profit at FE 50.0 only (107.75) due to strong dollars but planning re-entering at lower TF (don't know if am right on these trades). Hope am getting it and making money from it. Check this out.Thanks Nerry. trying to learn to post chart.

i only monitor major and no setup yet but if u see any, just post it and people will follow suit.

Anytime any body spot a setup, it should be posted .

good spot on eurjpy. that is the mover for today.

well done!
  • #759
  • Aug 5, 2008 9:19am Aug 5, 2008 9:19am
possible short on GU 15min time frame.
Good luck


Notice the confluence of reason for the trade call.
Attached Image
  • #760
  • Aug 5, 2008 9:27am Aug 5, 2008 9:27am
Let see if our sell on GJ AND GU on 15M can bank us profits now. Thanks Nerry.
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