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Powerful Fib Based System - by DAZfx

  • #881
  • Aug 14, 2008 12:35am Aug 14, 2008 12:35am
This is AUSD 1hr trade. 4pips shy away from tgt1. but common sense says its good to move sl to break-even becoz the long is just fresh and the strong barrier up there.

this might just work out.
Attached Image (click to enlarge)
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  • #882
  • Aug 14, 2008 12:42am Aug 14, 2008 12:42am
AUSD hits its first tgt

Any contribution before i go ahead with NZDUSD analysis........
NZDUSD too is on the play for long

am waiting sirs/Mas
  • #883
  • Aug 14, 2008 12:51am Aug 14, 2008 12:51am
Nicely spotted mike,
i was watching the aud all day and wondering if i should take the higher lows and higher highs on the 1 hr for real or not, turns out i should have

looking forward to nzd analysis

cheers
geoff
  • #884
  • Aug 14, 2008 1:01am Aug 14, 2008 1:01am
AUSD hit tgt 1 and tgt 2

AUSD gave the best R:R i have ever seen 19pips sl to possible 100pips!

NZDUSD hit its tgt1 as well

AUSD has made Higher high on 1hr so long confirmed.

Guyz i think am tired, will come back later.

Geof sorry the NZDUSD analysis will come later. i never knew it can be so draining and tiring, meanwhile my EURCHF long is still pending yet to be triggered coz the analysis still holds.

will be back later in the day

Geof, honestly am tired, will do the nzdusd analysis later but its similar to AUSD

thanks
  • #885
  • Aug 14, 2008 1:11am Aug 14, 2008 1:11am
Its all good mike
go get some rest
  • #886
  • Aug 14, 2008 2:31am Aug 14, 2008 2:31am
Quote
Its all good mike
go get some rest

My passion for this mkt won't allow me to most especially when the method can't stop giving pips.

here is another short and good analysis i got from a very respectable trade that i go visit to sharpen my PA skill.
http://www.forexfactory.com/showpost...ostcount=12566
this has to do with the trades we are in at the moment


It might interest u to know that i frequently visit james16 and daily chart by hussin for price action skill sharpening and fibonacci trading by boboku for fib sharpening skills

I have to leave now till NY session:

we might get good trade on GU and possible UCAD for short: maybe!
I might be wrong
  • #887
  • Aug 14, 2008 3:30am Aug 14, 2008 3:30am
Quoting Naijafx
My passion for this mkt won't allow me to most especially when the method can't stop giving pips.

here is another short and good analysis i got from a very respectable trade that i go visit to sharpen my PA skill.
http://www.forexfactory.com/showpost...ostcount=12566
this has to do with the trades we are in at the moment


It might interest u to know that i frequently visit james16 and daily chart by hussin for price action skill sharpening and fibonacci trading by boboku for fib sharpening skills

I have to leave now till NY session:

we might get good trade on GU and possible UCAD for short: maybe!
I might be wrong
. Hi Mike, Do u know what Mike, continue to exploits. Hope to join u soon in taking the pips together. Thanks. Nerry.
  • #888
  • Aug 14, 2008 5:49am Aug 14, 2008 5:49am
Hi Naijafx,

Many thanks for your kind comments placed in the thread


Also congratulations on your many pips, really pleased for you, keep it going.


Cheers all,

DT.
Attached Image (click to enlarge)
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  • #889
  • Aug 14, 2008 5:51am Aug 14, 2008 5:51am
AUSD trade hit its tgt 1 @ 8752, tgt 2 @ 8768 and tgt 3 @ 8791

entry was at 8703
sl at 8683

NZDUSD is still on with 4pips shy away from hitting tgt 2

If u go by the rules and entry, AUSD trades has given 5% increase on equity.
thanks
  • #890
  • Aug 14, 2008 6:17am Aug 14, 2008 6:17am
I think that we need to create one where this method will be taught but am looking at modality to do that, so that this thread will be kept alive.

Honestly speaking, creating one that will attract serious discussion about this method is the intention, maybe, anybody can contribute so that idea on how to make it a better trading place be discussed.

Tradingroom will help us to do better with this method and as well spot more possible trades.

Any suggestion will be welcomed!

Thanks
Mike
  • #891
  • Aug 14, 2008 6:23am Aug 14, 2008 6:23am
Quoting Naijafx
I think that we need to create one where this method will be taught but am looking at modality to do that, so that this thread will be kept alive.

Honestly speaking, creating one that will attract serious discussion about this method is the intention, maybe, anybody can contribute so that idea on how to make it a better trading place be discussed.

Tradingroom will help us to do better with this method and as well spot more possible trades.

Any suggestion will be welcomed!

Thanks
Mike

Hi Mike,

Can you not re-launch the old daz_fx trading room?

Other traders on this thread may already have it book marked?


Cheers,

Nigel.
  • #892
  • Aug 14, 2008 6:23am Aug 14, 2008 6:23am
Hi Doubletop,

I am in the same trade, looking good so far!

Many thanks Naijafx for reviving this great system on Forex Factory.

Noel.
Attached Image (click to enlarge)
Click to Enlarge Name: daz trade 8 eur%20jpy.gif Size: 15 KB
  • #893
  • Aug 14, 2008 6:28am Aug 14, 2008 6:28am
Quoting Noel
Hi Doubletop,

I am in the same trade, looking good so far!

Great system.

Noel.


Hello Noel,

Nice to hear from you too again

Lets hope it pans OK, as you say looking good so far, not too sure it will reach target T2 though?

Take care,

Nigel.
  • #894
  • Aug 14, 2008 6:51am Aug 14, 2008 6:51am
T2 target hit, 52 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: daz trade 9 eur%20jpy.gif Size: 15 KB
  • #895
  • Aug 14, 2008 6:53am Aug 14, 2008 6:53am
Quote
Hello Noel,

Nice to hear from you too again

Lets hope it pans OK, as you say looking good so far, not too sure it will reach target T2 though?

Take care,

Nigel.

Double top, u r smart guy! Eurjpy is not in my watch list today as the hammer formed at daily is a bit confusing, i didn't watch it at all, it gave a false long signal earlier but i didn't fall into the trap coz i knew our rules weren't met.

But this one u spot is a A class trade and as i am typing, TGT 2 is already met for more than 50pips in all in less than two hours.

Good trade
thanks bro
  • #896
  • Aug 14, 2008 6:54am Aug 14, 2008 6:54am
If u go by the rules and entry, AUSD trades has given 5% increase on equity.
thanks[/quote]



Those trades went well; but according to the original rules, the daily trend is still down in both AUD and NZD, isn't it?

I know you were basing your trades on the presence of the daily pin bar; do you use that sort of discretion often, or are most of your trades done in the direction of the daily trend 'as it is' rather than 'as it looks like it might go'?

Or have I misunderstood how the daily trend is read?
All flesh is as grass
  • #897
  • Aug 14, 2008 7:09am Aug 14, 2008 7:09am
Quoting Naijafx
Double top, u r smart guy! Eurjpy is not in my watch list today as the hammer formed at daily is a bit confusing, i didn't watch it at all, it gave a false long signal earlier but i didn't fall into the trap coz i knew our rules weren't met.

But this one u spot is a A class trade and as i am typing, TGT 2 is already met for more than 50pips in all in less than two hours.

Good trade
thanks bro

Hello Mike,

Just for info......

I have the four majors on my watch list plus USD_CAD and of course EUR_JPY.

Its nice to keep every one inormed as to progress with spotting these set ups, Im in Hospital next week to have eyes implanted in the back of my head so I dont miss any future set ups

Joking apart thanks Mike for reviving this thread, kinda like a friendly meeting place for us lonely types

Keep on rocking one and all....


Cheers Nigel.

PS Well done Noel !!!!
  • #898
  • Aug 14, 2008 7:14am Aug 14, 2008 7:14am
Quote
Those trades went well; but according to the original rules, the daily trend is still down in both AUD and NZD, isn't it?

I know you were basing your trades on the presence of the daily pin bar; do you use that sort of discretion often, or are most of your trades done in the direction of the daily trend 'as it is' rather than 'as it looks like it might go'?

Or have I misunderstood how the daily trend is read?

yeah we are in down trend on that pair but we just took advantage of possible correction. this is discretional and not part of the rule.

Good to play safe, i can't try this 5 months ago really but am getting better understanding of this business.

thanks
  • #899
  • Aug 14, 2008 7:21am Aug 14, 2008 7:21am
That's clear enough. Thanks.

This thread is unusual. So far, the rules remain the same as they were in the beginning; nobody is talking about making an EA; and nobody is trying to add trade filters.

Also, nobody is arguing.

So refreshing!
All flesh is as grass
  • #900
  • Aug 14, 2008 7:26am Aug 14, 2008 7:26am
Quoting dod
That's clear enough. Thanks.

This thread is unusual. So far, the rules remain the same as they were in the beginning; nobody is talking about making an EA; and nobody is trying to add trade filters.

Also, nobody is arguing.

So refreshing!

Hello Dod,

Thats an excellent observation

Rules havent changed and no pretty additional indicators, how true.

Plus of course as you say, every one is very polite.


Take care,

DT.
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