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Powerful Fib Based System - by DAZfx

  • #1,821
  • Feb 16, 2010 3:36pm Feb 16, 2010 3:36pm
NZD/USD short signal on the 4 hour.
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  • #1,822
  • Feb 16, 2010 9:51pm Feb 16, 2010 9:51pm
Quoting Cuong
UJ short signal forming on the 4 hour , also there is a declining channel on the daily with a resistance at 90.60
Hi

I just looked at my 4h chart for the usdjpy on metatrader and the candle pattern is different to your screenshot! I crossed checked my chart against that from another spreadbetting platform I use, and my two charts are identical. Both different from the screenshot you posted, see below. I am not sure but it seems like there is something not correct with your chart data. Just to let you know what I observed, why do you think there is this difference?

VP
Attached Image (click to enlarge)
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Nil desperandum
  • #1,823
  • Feb 16, 2010 10:14pm Feb 16, 2010 10:14pm
Yeah, they look a little different, but the top of it had a whipsaw, ( your chart had that too), so that all matters. Anyway, looks like price are stalling at 78.6%. I am waiting for more confirmation, UJ is very tricky to trade lately, so I will leave this one out.

Quoting vincentprice
Hi

I just looked at my 4h chart for the usdjpy on metatrader and the candle pattern is different to your screenshot! I crossed checked my chart against that from another spreadbetting platform I use, and my two charts are identical. Both different from the screenshot you posted, see below. I am not sure but it seems like there is something not correct with your chart data. Just to let you know what I observed, why do you think there is this difference?

VP
  • #1,824
  • Feb 17, 2010 6:43am Feb 17, 2010 6:43am
Quoting JhonMonsalve
1.67 done, let's see a double bottom @1.63,

Attachment
awesome analysis JM, looks like you almost got ur double bott, but now a daily pin bar formed at those lows....
  • #1,825
  • Feb 17, 2010 6:55am Feb 17, 2010 6:55am
Quoting lazyboy
awesome analysis JM, looks like you almost got ur double bott, but now a daily pin bar formed at those lows....
Thanks LB!

I'm in already:

http://www.forexfactory.com/showpost...ostcount=10112

I've made tons of pips shorting GCad, now, bullish div [Sto, RSX], + bullish hammer on daily candle close yesterday is telling me that a pullback to 1.68x area is on it's way, what you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,826
  • Feb 17, 2010 7:48am Feb 17, 2010 7:48am
Quoting JhonMonsalve
Thanks LB!

I'm in already:

http://www.forexfactory.com/showpost...ostcount=10112

I've made tons of pips shorting GCad, now, bullish div [Sto, RSX], + bullish hammer on daily candle close yesterday is telling me that a pullback to 1.68x area is on it's way, what you think?
WTG John, I'm not taking the long unless we get decent move up then retrace, but have just been looking through various threads and see you have been making some great trades, keep it up. Many green pips to you . i only trade daily and weekly as I'm a lazy boy
  • #1,827
  • Feb 17, 2010 7:55am Feb 17, 2010 7:55am
Quoting lazyboy
WTG John, I'm not taking the long unless we get decent move up then retrace, but have just been looking through various threads and see you have been making some great trades, keep it up. Many green pips to you . i only trade daily and weekly as I'm a lazy boy
Yep, WTG, thanks lazyboy, I'm trading GCad cause R:R is 1:5 at least, many green pips to you too buddy.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,828
  • Mar 1, 2010 6:37pm Mar 1, 2010 6:37pm
After a quiet Daz trade week last week I found a setup on the GBP USD and entered a couple of hours ago, so far it has been sluggish to move, the main trading sessions are closed.

Here is the chart

Regards VP
Attached Image (click to enlarge)
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Nil desperandum
  • #1,829
  • Mar 2, 2010 8:09am Mar 2, 2010 8:09am
The GBP/USD did not reach the 50% fib extension before it began to retrace, as price had moved 80 pips or more in my favour I moved my stop to even and was taken out of the trade several hours ago.

Alongside this trade I ran a position in in the EUR/USD as shown below, which moved nicely to the 61.8% extension level. So overall I woke up to find myself 70 plus pips to the positive side this morning, very nice.

VP
Attached Image (click to enlarge)
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Nil desperandum
  • #1,830
  • Mar 9, 2010 2:02pm Mar 9, 2010 2:02pm
Hi!

Long time no post around this great thread, GJ long:

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Have a nice week!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,831
  • Mar 10, 2010 1:03pm Mar 10, 2010 1:03pm
Hey Jhon nice to see other posters, I also saw a setup developing on the AJ 1h chart. More time to wait , maybe a couple of hours to see if the chart looks good to trade.

Nice up channel and the 4h has broke resis and the previous swing high.

Comments most welcome

VP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy1.jpg Size: 99 KB
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Nil desperandum
  • #1,832
  • Mar 10, 2010 5:18pm Mar 10, 2010 5:18pm
I decided to stay away from the above trade as the pattern/risk reward was not good enough for me.

VP
Nil desperandum
  • #1,833
  • Mar 10, 2010 5:24pm Mar 10, 2010 5:24pm
Quoting vincentprice
Hey Jhon nice to see other posters, I also saw a setup developing on the AJ 1h chart. More time to wait , maybe a couple of hours to see if the chart looks good to trade.

Nice up channel and the 4h has broke resis and the previous swing high.

Comments most welcome

VP
Hi VP!

Check my post relative to GJ:

http://www.forexfactory.com/showpost...ostcount=10262

I don't trade AJ, but the Aussie is on fire.

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,834
  • Mar 11, 2010 6:12am Mar 11, 2010 6:12am
Quoting JhonMonsalve
Hi!

Long time no post around this great thread, GJ long:

Attachment

Have a nice week!

Jhon
Almost near to the first TP

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,835
  • Mar 15, 2010 8:22pm Mar 15, 2010 8:22pm
Jhon

I took a look at your post and nice trade on the GJ, must of earned you a good few pips!

Has been a quiet last few trading days for me, not spotted any good Daz setups during my time in front of the charts.

VP
Nil desperandum
  • #1,836
  • Mar 17, 2010 3:09pm Mar 17, 2010 3:09pm
For anyone looking for setups, I just entered a position on the AJ.
Attached Image (click to enlarge)
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Nil desperandum
  • #1,837
  • Mar 17, 2010 4:26pm Mar 17, 2010 4:26pm
Quoting vincentprice
Jhon

I took a look at your post and nice trade on the GJ, must of earned you a good few pips!

Has been a quiet last few trading days for me, not spotted any good Daz setups during my time in front of the charts.

VP
Yep Vincent, great trade, I think I was out of the trade so soon @138, but every pip counts [DM song ]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,838
  • Mar 17, 2010 4:28pm Mar 17, 2010 4:28pm
Quoting vincentprice
For anyone looking for setups, I just entered a position on the AJ.
Please be careful on that long, many traffic around 83 - 84, personally I would wait a breakout [long or short]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,839
  • Mar 19, 2010 6:37am Mar 19, 2010 6:37am
Quoting JhonMonsalve
Please be careful on that long, many traffic around 83 - 84, personally I would wait a breakout [long or short]
Hi Vincent!

How it's going? possible Daz setup forming on cable + Bullish Divergence:

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,840
  • Mar 21, 2010 1:24pm Mar 21, 2010 1:24pm
Hey John
Its going well, I took a small loss on the AJ trade but overall am in profit from the last month. I was watching cable also and it looked like it might set up well, pity it decided to retrace 100%. It could be good for a long soon if it forms a low on 1.50 but I dont have a strategy for trading this price pattern.

Hope the pips are piling up, regards

VP
Nil desperandum
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