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Powerful Fib Based System - by DAZfx

  • #1,481
  • May 1, 2009 10:10am May 1, 2009 10:10am
I have just gone and read this thread - WOW what a read - so off I go and have a look at a few charts - Do we have a buy setting up on in the 1hr aud/usd - or am i totally confused with all i have read

thoughts please

Also I would like to give this a go, so please pop any charts you think look like a trade may happen, so i can check them myself - new to forex trading

kind regards,

Punta
  • #1,482
  • May 1, 2009 10:35am May 1, 2009 10:35am
The confirmation candle has shot up now on the AU so have i missed it?? - also the eu 4 hour looks a trade - yes/no??
  • #1,483
  • May 1, 2009 12:20pm May 1, 2009 12:20pm
Quote
The confirmation candle has shot up now on the AU so have i missed it?? - also the eu 4 hour looks a trade - yes/no??

would be nice to attach a chart
thanks
  • #1,484
  • May 1, 2009 12:51pm May 1, 2009 12:51pm
Quoting Naijafx
would be nice to attach a chart
thanks
All new to me so not sure how to attach a chart - I did trade it, just took 19 pips DEMO

i had a sell on the UCHF 1HR as well @ 1.1373 took my profit @ 1.1352 DEMO again.

just luck I bet - will give this a good test next week, as it seems V good with what i have read.

Fingers crossed.
  • #1,485
  • May 1, 2009 12:59pm May 1, 2009 12:59pm
My daughter has just shown me how to pop pictures up.

This is the EU 4h that looks good - I THINK

http://i44.tinypic.com/birxxj.jpg
  • #1,486
  • May 1, 2009 1:04pm May 1, 2009 1:04pm
This is the audusd I took - RIGHT or WRONG

http://i44.tinypic.com/2ujma0x.jpg
  • #1,487
  • May 1, 2009 1:11pm May 1, 2009 1:11pm
Quote
This is the audusd I took - RIGHT or WRONG
aussie is in bullish rally so long is a right choice
  • #1,488
  • May 1, 2009 1:25pm May 1, 2009 1:25pm
Last one and i think with REAL money I may not of sold this. Opinions please

http://i41.tinypic.com/2igkjsz.jpg
  • #1,489
  • May 4, 2009 9:16am May 4, 2009 9:16am
Hi

I think a retrace at G-U H1.
Same goes to G-J and E-J at this moment.
Hope to see it reaching FE 1270 or nearby.
Hope to see posting from DAZfx and others.
TQ.

fxpip8
Attached Image (click to enlarge)
Click to Enlarge Name: g-u.gif Size: 22 KB
  • #1,490
  • May 4, 2009 9:31am May 4, 2009 9:31am
Quote
Hope to see posting from DAZfx and others.

well, dont expect any post from dazfx too soon, he might come in the future but not so soon.

and this method, indentifies the trend in higher TF and trade same direction on lower tf, if daily is not trending, narrow down to hrly trend and trade off 15m.

i see some posts and they are not strictly by the method's rules.

thanks
  • #1,491
  • May 6, 2009 10:44am May 6, 2009 10:44am
What do you guys think of this long trade i am into ?

http://i41.tinypic.com/2a6jgp4.jpg
  • #1,492
  • May 6, 2009 10:49am May 6, 2009 10:49am
Quote
What do you guys think of this long trade i am into ?
u pick the right trend, its UP but mkt too choppy, could go anywhere and seems u pick the wrong impulsive wave

but the trend is in ur favor so u could win some cash
  • #1,493
  • May 6, 2009 10:57am May 6, 2009 10:57am
Quote
What do you guys think of this long trade i am into ?
u pick the right trend, its UP but mkt too choppy, could go anywhere and seems u pick the wrong impulsive wave

but the trend is in ur favor so u could win some cash
  • #1,494
  • May 6, 2009 11:37am May 6, 2009 11:37am
Well it went up 25 pips but did not reach the level I wanted, then retraced back so i took 10 pips profit


seems u pick the wrong impulsive wave - I am just learning this, so which wave should I of taken.

There do not seem to be many trades, i have had just this one in the last two days, is that normal - I have 8 charts open as well

Thanks for the help - appreciated

Punta
  • #1,495
  • May 7, 2009 10:20pm May 7, 2009 10:20pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi Guys,
my internet connection is back after 5 days.I m glad I m back here.I like to welcome puntalara into this tread.I been out of action since last Friday.Mike how r you mistro? hope thing shaping in good.
My last trade was fullfilled and I was glad I did had placed my SL before my phone line went out due to corrosion , since I live near the sea.Let that be a money management policy to all us trader, never ever without a SL.I experianced the inevitable and lucky for me my T1 was reached.

Puntalara, if I may be so bold to say that I think 4hr is a good TF especially with this strategy.Most of my targets have been achieved in this timeframe.
The Impulse wave is something that will take time to learn.
Like Mike said as long you follow the trend, you ll at least be safe.
  • #1,496
  • May 7, 2009 10:26pm May 7, 2009 10:26pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting Nimrod
HI all Daz traders,
there seem to be a good set up for usdchf and euro.what do you guys think? Love to hear feedback from all Daz traders.
Here is a trade I was in last week and was fullfilled.
Attached Image
  • #1,497
  • May 8, 2009 12:39pm May 8, 2009 12:39pm
I ve been reading this thread for last couple of days and must say,this method is what ,,big boys'' use.The thing that there are not many traders posting here doesn't mean this doesn't work.The other way round.Those clever once have been using it becoz they're clever .

BUT THEY KNOW HOW TO USE IT!

The biggest problem for many newbees is a lack of market knowledge,how fibbs work,candle and trend recognition,etc...This method looks simple but it is not untill a begginner learn about a market in general.That was my case when no system worked for me till I started read books about candles,trend,etc.,simply I started to learn.And I had to do it If I wanted to be a succesful trader.



Great thread!!!
  • #1,498
  • May 9, 2009 3:12am May 9, 2009 3:12am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting Paddyp
The thing that there are not many traders posting here doesn't mean this doesn't work.
welcome Paddyp.If you know how this system works and how to manage risk , that all there is to it.Its simple and effective.Fib, trendline, candlestick pattern(Price action) will make your trade go beyond.

Why thousand of indicators are available , freely in most trading platform? To wreak havoc to your trading decision.Brokers love to mess around with our decision, make us loose.
Post in some charts , the guys here love to say a word or two.Teaching is a learning process too.
  • #1,499
  • May 10, 2009 4:26pm May 10, 2009 4:26pm
Quoting Nimrod
Hi Guys,
my internet connection is back after 5 days.I m glad I m back here.I like to welcome puntalara into this tread.I been out of action since last Friday.Mike how r you mistro? hope thing shaping in good.
My last trade was fullfilled and I was glad I did had placed my SL before my phone line went out due to corrosion , since I live near the sea.Let that be a money management policy to all us trader, never ever without a SL.I experianced the inevitable and lucky for me my T1 was reached.

Puntalara, if I may be so bold to say that I think 4hr...
Thanks for the tip at looking at the 4 hr candles - will do this week.

This is all very new to me, so any help is very much appreciated
  • #1,500
  • May 11, 2009 11:05pm May 11, 2009 11:05pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi all Daz trader
there is a good 4hr Daz setup for EurJap and Aussie at the moment.A good potential buy.what do you guys think.
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