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Powerful Fib Based System - by DAZfx

  • #1,081
  • Sep 23, 2008 10:16am Sep 23, 2008 10:16am
it seems that i'm not the only 1 who hv got problem login to the trading room for last few days...

now the trading room seems to work well as usual, but u might need to register another user ID to login as I can only login after i register a new ID...
  • #1,082
  • Sep 23, 2008 10:23am Sep 23, 2008 10:23am
Trading rooms is working at the moment, but for how long?
  • #1,083
  • Sep 23, 2008 10:49am Sep 23, 2008 10:49am
Quoting D liberators
Hello Fg., what exactly is the usefullness of this indicator?
Hi D liberators:

The indicator that Bee provided is a timer.

It lets you know how much time is left before the current candle closes.

It automatically recalculates when the timeframes are changed.

I find it very useful since this way I do not have to track exactly when I placed a trade.

I hope that this helps.
  • #1,084
  • Sep 23, 2008 11:02am Sep 23, 2008 11:02am
Quoting Noel
Trading rooms is working at the moment, but for how long?
HELLO, I read all posts, very good, I live in Europe,
who can tell me how to be part of the trading room? excuse my English
  • #1,085
  • Sep 23, 2008 11:03am Sep 23, 2008 11:03am
Yesterday, Monday, I had to trade without the help of my buddies in the trading room since access was not available.

I figured that it was time to grow up very quickly and just follow the Daz system and apply what I have learned from everyone in the trading room.

I placed two trades based on the Daz system and both got filled the same day.

GBP/JPY 4 hrs LONG. This trade provided a profit of 93 pips or USD $ 870.95.

AUD/USD 4 hrs LONG. This trade provided a profit of 73 pips or USD $ 730.00.

So, yesterday, I had total pips of 166 pips or USD $ 1,600.95.

I still feel better being in the trading room learning from everyone before placing a trade.

I am still only trading one lot at a time. I normally palce my TP either on the 2nd or 3rd target depending on how far the retracement goes.

Let's keep winning together everyone !!!
  • #1,086
  • Sep 23, 2008 11:24am Sep 23, 2008 11:24am
Quoting DINEMMA
HELLO, I read all posts, very good, I live in Europe,
who can tell me how to be part of the trading room? excuse my English
Hi Dinemma:

For instructions on how to join the rtrading room, please read POST #903 and POST #905.

Welcome to the Daz system.
  • #1,087
  • Sep 23, 2008 12:27pm Sep 23, 2008 12:27pm
Quoting forexgenius
Yesterday, Monday, I had to trade without the help of my buddies in the trading room since access was not available.

I figured that it was time to grow up very quickly and just follow the Daz system and apply what I have learned from everyone in the trading room.

I placed two trades based on the Daz system and both got filled the same day.

GBP/JPY 4 hrs LONG. This trade provided a profit of 93 pips or USD $ 870.95.

AUD/USD 4 hrs LONG. This trade provided a profit of 73 pips or USD $ 730.00.

So, yesterday, I had total pips of 166 pips or USD $ 1,600.95.

I still feel better being in the trading room learning from everyone before placing a trade.

I am still only trading one lot at a time. I normally palce my TP either on the 2nd or 3rd target depending on how far the retracement goes.

Let's keep winning together everyone !!!
Hello Forexgenius,

I'm still in learning mode, so would you be kind enough to post charts of your trades with entries.

Thanks,
  • #1,088
  • Sep 23, 2008 12:47pm Sep 23, 2008 12:47pm
Quoting 4Xfactor
Hello Forexgenius,

I'm still in learning mode, so would you be kind enough to post charts of your trades with entries.

Thanks,
Hi 4XFactor:

I do not know how to label the entries if the trade is over a day old. Normally the guys go back and identify everything on the chart with arrows and shaded areas.

I promise that the next trade that I take, I will save a picture of the setup immediately. This way I can post exactly what I have traded instead of something with additional candles a day later.

Lately I have been forgetting to save a picture of the trade immediately after taking it because I get too busy writing notes on what I am learning in the trading room. I also get busy testing the things that I learn.

This system works great. You will learn even faster by joining the guys in the trading room. Read post #903 and #905 on how to join the trading room.
  • #1,089
  • Sep 23, 2008 6:22pm Sep 23, 2008 6:22pm
Quoting forexgenius
Yesterday, Monday, I had to trade without the help of my buddies in the trading room since access was not available.

I figured that it was time to grow up very quickly and just follow the Daz system and apply what I have learned from everyone in the trading room.

I placed two trades based on the Daz system and both got filled the same day.

GBP/JPY 4 hrs LONG. This trade provided a profit of 93 pips or USD $ 870.95.

AUD/USD 4 hrs LONG. This trade provided a profit of 73 pips or USD $ 730.00.

So, yesterday, I had total pips of 166 pips or USD $ 1,600.95.

I still feel better being in the trading room learning from everyone before placing a trade.

I am still only trading one lot at a time. I normally palce my TP either on the 2nd or 3rd target depending on how far the retracement goes.

Let's keep winning together everyone !!!
Hi Great trades! I was staring at charts all day yesterday and saw nothing. I'm not quite tuned in yet to spot these trades. I know you said you can't post charts, but could you please please please let us know what level you went in at, and on what 4H candles, and time of your broker, so I can reverse engineer your trades.

I would be very thankful.
  • #1,090
  • Sep 24, 2008 12:47am Sep 24, 2008 12:47am
Quoting forexgenius
Yesterday, Monday, I had to trade without the help of my buddies in the trading room since access was not available.

I figured that it was time to grow up very quickly and just follow the Daz system and apply what I have learned from everyone in the trading room.

I placed two trades based on the Daz system and both got filled the same day.

GBP/JPY 4 hrs LONG. This trade provided a profit of 93 pips or USD $ 870.95.

AUD/USD 4 hrs LONG. This trade provided a profit of 73 pips or USD $ 730.00.

So, yesterday, I had total pips of 166 pips or USD $ 1,600.95.

I still feel better being in the trading room learning from everyone before placing a trade.

I am still only trading one lot at a time. I normally palce my TP either on the 2nd or 3rd target depending on how far the retracement goes.

Let's keep winning together everyone !!!

Thank God you made some pips, but i checked again and i didnt see any Daz set up on those pairs (strictly going by Daz rules), though i see what could av been a good setup but the rules would av prevented us from taking the trade. Perhaps a fusion of Daz and Dra (1234 system) is being implemented here.

I'm happy for you all the same.
God's Love For You Is Sure Never You Doubt It
  • #1,091
  • Sep 24, 2008 1:42am Sep 24, 2008 1:42am
I took this trade yesterday Tuesday, but on a demo account, i was not confident enough to try it out on a live account since there was no clear direction of the trend on the daily Tf.

Long on UJ 4hr TF. Entry was on the arrowed candle (point when the stoch crossed up).

target is at 78.6 fib expansion of AB which is about 250pips.
Stop loss is below C (added 5pips-my own way of placing stop loss) which is 61pips.
Presently trade is close to +30 pips

Pardon my crude way of posting chart, dont know any better and would be glad to learn.
Attached File(s)
File Type: doc uj.doc   91 KB | 611 downloads
God's Love For You Is Sure Never You Doubt It
  • #1,092
  • Sep 24, 2008 2:27am Sep 24, 2008 2:27am
Hello Traders,

Due to failure of tradingroom adminstrator to keep up the room active and going, thereby, preventing us to go in for trade discussion as usual, i think we better have skype as an alternative so that we all converge in a place and take our trades as usual.

when am done creating one, i will post the link here

thanks
  • #1,093
  • Sep 24, 2008 2:40am Sep 24, 2008 2:40am
skype room is set-up: here is the link

http://www.skype.com/go/joinpublicch...qhQeFtVsoImCSy
  • #1,094
  • Sep 24, 2008 3:38am Sep 24, 2008 3:38am
skype room is set-up: here is the link

http://www.skype.com/go/joinpublicch...qhQeFtVsoImCSy
  • #1,095
  • Sep 24, 2008 4:18am Sep 24, 2008 4:18am
skype room is set-up: here is the link

http://www.skype.com/go/joinpublicch...qhQeFtVsoImCSy
  • #1,096
  • Sep 24, 2008 4:31am Sep 24, 2008 4:31am
skype room is set-up: here is the link

http://www.skype.com/go/joinpublicch...qhQeFtVsoImCSy
  • #1,097
  • Sep 24, 2008 9:09am Sep 24, 2008 9:09am
Quoting D liberators
Thank God you made some pips, but i checked again and i didnt see any Daz set up on those pairs (strictly going by Daz rules), though i see what could av been a good setup but the rules would av prevented us from taking the trade. Perhaps a fusion of Daz and Dra (1234 system) is being implemented here.

I'm happy for you all the same.
Hello D:

Thanks for posing the question about the trades.

A few individuals have been asking about those two trades.

I must apologize for not mentioning that those trades were placed using the Advanced Entry Rules of the Daz System. Please check post #783 and post #787 for an explanation.

I placed the trades after a retrace to Fib 38.2.

I started trying these after I noticed that the condition of the market was causing less set ups for the regular rules.

Still working on how to place arrows and shades on the charts so that I can post charts of the two trades in question.

I will more than likely post the charts tomorrow. I will be out for the rest of the day.

I hope that this helps clear some things up.
  • #1,098
  • Sep 25, 2008 3:17am Sep 25, 2008 3:17am
Quoting Naijafx
skype room is set-up: here is the link

http://www.skype.com/go/joinpublicch...qhQeFtVsoImCSy
Anyone able to get into the link for the skype room

I cannot seem to enter the chat room
  • #1,099
  • Sep 25, 2008 4:05am Sep 25, 2008 4:05am
I don't get it whatever the setup I take it fails everytime these last days. This night I took 3 trades on AUDJPY, AUDUSD and NZDUSD on H4 and they all went in the opposite direction. I'm wondering if it's really a good idea to look at the trend on the second higher time frame, why not simply look at the trend on the timeframe we're trading ?

Could someone tell me if the trades I took last night were good setups ?
  • #1,100
  • Sep 25, 2008 4:53am Sep 25, 2008 4:53am
boomswitch,

if you could post your charts with a short explanation of your reasons for entry and entry levels, they can be looked at to see if you are on the right track. Don't be discouraged, when you understand this sytem it works.

Regards
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