Attachments: Powerful Fib Based System - by DAZfx

Powerful Fib Based System - by DAZfx

#1,461
Apr 19, 2009 3:25am Apr 19, 2009 3:25am

Pro
| Joined Aug 2008 | Status: Trader | 20 Posts

hey Nimrod,

thats a cool trade and thats all it takes........to be alive in this business....

i caught same trade and u need to check out GJ, EJ at same period......u could have caught the same move up using just same simple analysis.

good job.

#1,462
Apr 19, 2009 4:44am Apr 19, 2009 4:44am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

Quoting Pro

Disliked

hey Nimrod,

thats a cool trade and thats all it takes........to be alive in this business....

i caught same trade and u need to check out GJ, EJ at same period......u could have caught the same move up using just same simple analysis.

good job.

Ignored

Yes you are absolutely correct my friend. GJ and EJ are also my favourite but I concentrate only on Eur/usd and Cable as the spread are lower compare to GJ. There were nice trade too on the 4Hr Euro this week.

There is a breakout of support and maybe it might go south a bit.euro has broken the 1.3080 support level and may go to1.3000, then 1.2900.

Keep the analysis simple , chart reversal pattern / price action , trendline breakout ,S&R and that it.

#1,463
Apr 19, 2009 8:35am Apr 19, 2009 8:35am

fxpip8
| Joined Feb 2009 | Status: Trader | 73 Posts

Hi Nimrod

Thank you for the posting. Pls. continue. I am sure newbies like me will appreciate alot. In fact I am picking up this Fibo retracement for my (practice) trading. (I hope soon to go live)

In fact I was brought to this link http://www.harmonictrader.com/ which should be helpful to all fx mates.

I am very interested to study more Fibo strategies. Anyone can email me at [email protected]

I sincerely look forward to seeing this thread growing "BIG!"

fxpip8

#1,464
Apr 19, 2009 9:38am Apr 19, 2009 9:38am

soyabean
| Joined Sep 2008 | Status: Trader | 467 Posts

Quoting fxpip8

Disliked

Hi Nimrod

Thank you for the posting. Pls. continue. I am sure newbies like me will appreciate alot. In fact I am picking up this Fibo retracement for my (practice) trading. (I hope soon to go live)

In fact I was brought to this link http://www.harmonictrader.com/ which should be helpful to all fx mates.

I am very interested to study more Fibo strategies. Anyone can email me at [email protected]

I sincerely look forward to seeing this thread growing "BIG!"

fxpip8

Ignored

That was a nice daz trade.

This thread was big. It just got lost in time with another great thread (ABCD by Dra), which is in the recycle bin now =(.

The work on harmonic trading is fantastic, the ABCD pattern and gartleys are extremely useful tools to add on to this trading method. But they are not essential for the success of your trading, in fact, it may complicate for beginners. This system itself is profitable and simple.

#1,465
Apr 19, 2009 2:01pm Apr 19, 2009 2:01pm

Naijafx
| Commercial User | Joined Nov 2007 | 1,296 Posts

Quote

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This is a sample of last week daily chart.My favourite TFs are the 4Hr and daily.This gives lots of cushion fro whiplash. My Live trade.

I traded that pair on daily as classic crown formation. it was the trade of the month till now.

keep posting maybe the thread can come back to live. for me nothing much to post, everything about the system has been answered here.

#1,466
Apr 20, 2009 1:27am Apr 20, 2009 1:27am

fxpip8
| Joined Feb 2009 | Status: Trader | 73 Posts

Hi soyabean

Thanks for your feedback.
Any chance you can tell me the thread of "ABCD by Dra."
I think there should have some value info to acquire.
I will go with the basic patterns 618/786/1272/1618 first before advancing in the future.
I think I need to sharpen up my trading skill before live.
In fact my demo shows positive results using this Fib retracement.
I hope you can post more examples.
Same go to Nimrod, Naijafx, Dazfx and many other seniors fx members.
Thanks alot.

Hi Naijzfx

What is "classic crown formation?"
Any image to show?
Thanks.

fxpip8

#1,467
Apr 20, 2009 2:10am Apr 20, 2009 2:10am

Naijafx
| Commercial User | Joined Nov 2007 | 1,296 Posts

I will advice u go through the thread all that u need is there, if u r a newbie, dont spend time reading all the pattern formation, go through the thread, spend time on daz posts and find some success trading it.

to be candid, follow soyabeans advice
thanks

#1,468
Apr 20, 2009 3:57am Apr 20, 2009 3:57am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

HI there,
not feeling too well today, caught flu from the kids.Anyway not working today but cable 4h TF did caught my eye this morning so I tried it out as I saw opportunity upon a breakout and classic fib plus extension.
I just got out with some profit.

I m sure you guys had a good run today.Anyway lets this thread rocking and I hope the Daz the man can sprinkle some of his magic.Cheers to DAZfx.

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#1,469
Apr 20, 2009 6:11am Apr 20, 2009 6:11am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

Quoting fxpip8

Disliked

Hi Nimrod

Thank you for the posting. Pls. continue. I am sure newbies like me will appreciate alot. In fact I am picking up this Fibo retracement for my (practice) trading. (I hope soon to go live)

In fact I was brought to this link http://www.harmonictrader.com/ which should be helpful to all fx mates.

I am very interested to study more Fibo strategies. Anyone can email me at [email protected]

I sincerely look forward to seeing this thread growing "BIG!"

fxpip8

Ignored

Hi fxpip8,

LOTS of pips today.
There are thousand ways to skin forex and stock market.If you have a particular system and it works 6 out of 10 times of your trade, then I think stick to it and have a proper money management.We will loose at one point or rather but that dont stop us.That is the nature of the market, its unknownable and I believe if a person has to many system, it will clogged up our capacity to execute a trade.I have friends who uses multiple systems with complicated charts but very eventually obmit and came back to the basic.The gartney butterfly very core is the fib level.
There is something in the Fib esp 61.8 level that happens ubiquitously everywhere.Stick to one strategy, have a MM plan and hopefully we can surf the waves together.demo it first for a couple of months before LIVE.
Why not stick some charts and we ll scrutinize it.That way we all learn together.

#1,470
Edited 7:27am Apr 20, 2009 7:13am | Edited 7:27am

juicyt
| Commercial User | Joined May 2008 | 480 Posts

Quoting fxpip8

Disliked

Hi soyabean
Thanks for your feedback.
Any chance you can tell me the thread of "ABCD by Dra."
I think there should have some value info to acquire.
fxpip8

Ignored

Here

http://www.forexfactory.com/showthre...light=abcd1234

And to see a great trade with analysis by Naijafx read this. Then go back and check your charts and see how far his trade did go...

http://www.forexfactory.com/showthread.php?t=151917

Juicyt

I should point out that there is a pdf in the paperclip section of this thread (top right corner about page 3) that explains this system with pictures etc. If you are new it is worth saving to your computer and reading it.

"Even if you fall down face first, you still went forward."

#1,471
Apr 22, 2009 1:58am Apr 22, 2009 1:58am

fxpip8
| Joined Feb 2009 | Status: Trader | 73 Posts

Thanks for your comments and links, Nimrod, Naijafx & Juicyt.

Got the links at post 469 / 565 and 1240.

Just got his link... maybe good for newbie to learn about Fibo breakout...
http://traderzine.com/fibdistr/lesso..._trading2.html

Happy Pipping!

fxpip8

#1,472
Edited 2:45am Apr 22, 2009 2:24am | Edited 2:45am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

Quoting Nimrod

Disliked

Yes you are absolutely correct my friend. GJ and EJ are also my favourite but I concentrate only on Eur/usd and Cable as the spread are lower compare to GJ. There were nice trade too on the 4Hr Euro this week.

There is a breakout of support and maybe it might go south a bit.euro has broken the 1.3080 support level and may go to1.3000, then 1.2900.

Keep the analysis simple , chart reversal pattern / price action , trendline breakout ,S&R and that it.

Ignored

Target Fulfilled and Mission accomplished in 5 Days.

There has been 3 attempts to break the 1.2900. This is something to lookout for.Breakout or bounce.
There is a nice SHORT setting in the Cable and Gappy in the 4Hr Tf.

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#1,473
Apr 22, 2009 2:33am Apr 22, 2009 2:33am

Naijafx
| Commercial User | Joined Nov 2007 | 1,296 Posts

Quote

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Target Fulfilled and Mission accomplished in 5 Days.

magnificient!
splendid!

#1,474
Apr 22, 2009 2:51am Apr 22, 2009 2:51am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

Quoting Naijafx

Disliked

magnificient!
splendid!

Ignored

You been quiet Naijafx.Love to hear from you.Its been a while.

#1,475
Apr 22, 2009 5:57am Apr 22, 2009 5:57am

Naijafx
| Commercial User | Joined Nov 2007 | 1,296 Posts

Quote

Disliked

You been quiet Naijafx.Love to hear from you.Its been a while.

Been trading solo!

But i will be ready to answer questions on this method but am not gonna post my charts as i have more on it than daz, still same concept, same method with a little variant, dont wonna confuse newbie with my charts

#1,476
Apr 22, 2009 6:04am Apr 22, 2009 6:04am

Naijafx
| Commercial User | Joined Nov 2007 | 1,296 Posts

send me a mail naijafx(at)yahoo(dot)com

#1,477
Apr 22, 2009 8:28am Apr 22, 2009 8:28am

Nimrod
| Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts

Quoting Naijafx

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send me a mail naijafx(at)yahoo(dot)com

Ignored

Lets Break the Ice.

Cable did good short today.Especially after Geithner spoke.Price obeyed the FE and closed appopriately and left some running on BE to ride the wave if it still moves south bound.cool 200pips for today.Hope you guys piped as well.

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