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Powerful Fib Based System - by DAZfx

  • #1,421
  • Jan 26, 2009 11:18pm Jan 26, 2009 11:18pm
Quoting hartnet
Thanks samdani,

Now this is quite interesting. I dropped down to 1h and clearly there is an impulse move. So we would have to wait for a retracement to 618/786 area for a possible set up. Guess what, the 618/786 ret in H1 would coincide with FE50/FE618 plotted on the 4H.

So my question is , is it really not possible to take the short as signalled in H4 as long as its fulfilled the rule of this strategy?

Take a look at this chart

Attachment
ok, idealy, the impulse wave should be around or better less then 10 candles in the direction of the current trend. I always look for the small wave with 5 to 12 candles and use either 1h and sometimes 30 M charts. If you look at the 30 M chart, the setup is right there. the only thing is i am waiting stoch to turn up
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,422
  • Jan 26, 2009 11:24pm Jan 26, 2009 11:24pm
Quoting samdani786
ok, idealy, the impulse wave should be around or better less then 10 candles in the direction of the current trend. I always look for the small wave with 5 to 12 candles and use either 1h and sometimes 30 M charts. If you look at the 30 M chart, the setup is right there. the only thing is i am waiting stoch to turn up
Oh thanks again Sam, I didnt realise the less than 10 candles criteria.
Can you post your 30 minutes chart on the possible set up please. Seems hard for me to identify it. Really appreciate.
  • #1,423
  • Jan 26, 2009 11:35pm Jan 26, 2009 11:35pm
Quoting hartnet
Oh thanks again Sam, I didnt realise the less than 10 candles criteria.
Can you post your 30 minutes chart on the possible set up please. Seems hard for me to identify it. Really appreciate.
ther were two setups on 30 M first was for 80 pips but the secont one i was talking about , the setup bar went two far plus there is lots of consl. But at least you will get the idea. hope this is any help to you
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 23 KB
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  • #1,424
  • Jan 27, 2009 1:52pm Jan 27, 2009 1:52pm
Cad is making a very nice and perfect 4th wave triangle and is in the e and final wave down to may be around 120/119 trend line. From there we should be going up for the 5th wave.May be around 135/140 area. Let me know what you guys think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad m.gif Size: 25 KB
Click to Enlarge Name: cad d.gif Size: 20 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,425
  • Jan 27, 2009 2:17pm Jan 27, 2009 2:17pm
Quote
Cad is making a very nice and perfect 4th wave triangle and is in the e and final wave down to may be around 120/119 trend line. From there we should be going up for the 5th wave.May be around 135/140 area. Let me know what you guys think


Sam, this is not elliot wave thread (lol) all i can say is that ucad is in a pennant, we just traded to the support line of the pennant, we are now looking for PA at the support line for next action.

  • #1,426
  • Jan 27, 2009 2:45pm Jan 27, 2009 2:45pm
Quoting Naijafx
Sam, this is not elliot wave thread (lol) all i can say is that ucad is in a pennant, we just traded to the support line of the pennant, we are now looking for PA at the support line for next action.

i know man , i just do that to help see the direction and then look for the daz or dra setups . BTW what happen to Dra thread. Its not there anymore ?
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  • #1,427
  • Jan 27, 2009 7:28pm Jan 27, 2009 7:28pm
Hi,

Sam's trendline in the monthly and Naija's pennant in the daily has given me a trade plan in Ucad. Take a look at the chart

Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 30 KB
  • #1,428
  • Jan 28, 2009 1:35am Jan 28, 2009 1:35am
Quoting hartnet
Hi,

Sam's trendline in the monthly and Naija's pennant in the daily has given me a trade plan in Ucad. Take a look at the chart

Attachment
i will still wait for it to come down more towards .786/120xx area or the bottom trend line b4 it go up all the way
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,429
  • Jan 28, 2009 2:32am Jan 28, 2009 2:32am
Hi Sam what do you think about scenario for AUDUSD
on picture below:

http://farm4.static.flickr.com/3097/...0880a778_b.jpg

ValTrg
  • #1,430
  • Jan 28, 2009 7:29am Jan 28, 2009 7:29am
I really appreciate the great work done by Daz i have gone through the entire thread many thanks to mazdaz,Mike,Niajafx and others please i will appreciate if someone can send me the link to BAZ system i guess it will be a good combination altogether.

Fikayofx
  • #1,431
  • Jan 28, 2009 3:34pm Jan 28, 2009 3:34pm
Here is a nice 61 fib, bounce off the trendline and a bear CF awesome r/r. still doable
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 26 KB
  • #1,432
  • Jan 28, 2009 7:08pm Jan 28, 2009 7:08pm
Quoting e-valtrg
Hi Sam what do you think about scenario for AUDUSD
on picture below:

http://farm4.static.flickr.com/3097/...0880a778_b.jpg

ValTrg
Hi e, sorry for delay. I have posted my chart for aud/usd here

http://www.forexfactory.com/showthre...=97335&page=93
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,433
  • Jan 28, 2009 7:55pm Jan 28, 2009 7:55pm
Quote
I really appreciate the great work done by Daz i have gone through the entire thread many thanks to mazdaz,Mike,Niajafx and others please i will appreciate if someone can send me the link to BAZ system i guess it will be a good combination altogether.

Fikayofx

you are welcome
  • #1,434
  • Jan 28, 2009 8:13pm Jan 28, 2009 8:13pm
Quoting MightyMouse
Here is a nice 61 fib, bounce off the trendline and a bear CF awesome r/r. still doable
yeah man I hope you got it. I went in twice and got 40 and 20 then took the side line as i am not too comfortable about cable weakness at this piont.will wait and see. good luck
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,435
  • Jan 28, 2009 9:31pm Jan 28, 2009 9:31pm
This could be interesting guys. Broke the outer trend line and now testing the back side of it at 61.8 fib.
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 19 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,436
  • Jan 29, 2009 12:32am Jan 29, 2009 12:32am
Great thread - i love the sma filter - never seen that before and will probably save me a LOT of heartache !

Great stuff ... to a question ..

I am wondering if someone (Dazfx ?) with experience using this could show me a drawn fib on eurusd ?
I am just not sure where is the best place for the current swing high, there kinda looks to me like it could be one of two areas but unsure.

Main trend is down - looking to fib a rally ..

Thx
  • #1,437
  • Jan 29, 2009 12:43am Jan 29, 2009 12:43am
Quoting pipmyride
Great thread - i love the sma filter - never seen that before and will probably save me a LOT of heartache !

Great stuff ... to a question ..

I am wondering if someone (Dazfx ?) with experience using this could show me a drawn fib on eurusd ?
I am just not sure where is the best place for the current swing high, there kinda looks to me like it could be one of two areas but unsure.

Main trend is down - looking to fib a rally ..

Thx
Here you go
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 28 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,438
  • Jan 29, 2009 2:15am Jan 29, 2009 2:15am
Quoting samdani786
Here you go
ok thats confused me - you've drawn bottom up, implying an up trend ?
To me its still down, so i would draw fib down and try catch a retracement to the downside ?
  • #1,439
  • Jan 29, 2009 5:36am Jan 29, 2009 5:36am
Quoting pipmyride
ok thats confused me - you've drawn bottom up, implying an up trend ?
To me its still down, so i would draw fib down and try catch a retracement to the downside ?
Well that Retracement might be for several 100 pips as you can see the daily chart, the currunt down tren line has bin broken and tested. Also on the Dollar index, we have weakness comming for few days or weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 19 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,440
  • Jan 29, 2009 11:42am Jan 29, 2009 11:42am
Please can any one explain to me how Daz's system is been used together with trendline am a bit confused may be NAIJAFX or any one can respond to this and please if you have the link to Baz's system please post it.
Fikayofx
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