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Powerful Fib Based System - by DAZfx

  • #1,861
  • Mar 31, 2010 7:11am Mar 31, 2010 7:11am
Hi VP
Good to hear you got a few
got stopped out at 1.5130, 65 pip loss, back to the 1hr, smaller SL, just had to try the 4hr.
got in on the AUD/NZD, looks good so far......thump thump that could change
in a heart beat.
Rick
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We wants the Precious, Yes...we do - Gollum
  • #1,862
  • Edited 12:30pm Mar 31, 2010 12:19pm | Edited 12:30pm
Hi all. I have been watching the recent price action on the EJ. The daily chart has today broken above 125 which has acted as a well defined support/resis level so far this year. This completes a nice head and shoulders and if the price can stay above 125 and show some nice bullish activity then 127 at least looks reasonable to me.

Here is the D1 and 4H charts. A pullback to 125 on the 4H could give a nice Daz trade IMHO, check it out. Also CAD JPY broke above 90 - 91 zone and looking good.
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Nil desperandum
  • #1,863
  • Apr 5, 2010 11:15am Apr 5, 2010 11:15am
EU has given a nice opportunity on the D1. . .
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Nil desperandum
  • #1,864
  • Apr 6, 2010 3:22pm Apr 6, 2010 3:22pm
So far EUR USD is moving my way and closing on the 50% target1

I also like the look of the GBP JPY having bounced off some significant resistance and pulled back.
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Nil desperandum
  • #1,865
  • Apr 6, 2010 8:39pm Apr 6, 2010 8:39pm
I am out of those trades now, 116 pips in the bag on the EU and a 10 pip loss on the GJ, time for a beer!
Nil desperandum
  • #1,866
  • Apr 7, 2010 1:45am Apr 7, 2010 1:45am
Quoting vincentprice
I am out of those trades now, 116 pips in the bag on the EU and a 10 pip loss on the GJ, time for a beer!
Nise trades, you deserved it really
  • #1,867
  • Apr 8, 2010 8:48am Apr 8, 2010 8:48am
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hi
i found this thread last night
n this is the result with my demo acc
whooa..!!!

i do back test all the day
whooa.. GREATx3 RESULT
TQ DAZfx

next week.. for sure real acc
  • #1,868
  • Apr 8, 2010 10:57am Apr 8, 2010 10:57am
Quoting Junjava3
Attachment

hi
i found this thread last night
n this is the result with my demo acc
whooa..!!!

i do back test all the day
whooa.. GREATx3 RESULT
TQ DAZfx

next week.. for sure real acc
Remember that market have been quite trendy lately, so many systems work much better at these conditions. But this method is good it has potential. You can also use Jacko anti hedge method to help loosers become winers.Good luck
  • #1,869
  • Apr 12, 2010 12:00pm Apr 12, 2010 12:00pm
Morning All

anyone seen the AUD NZD daily chart, a good possibility for this week developing.
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Nil desperandum
  • #1,870
  • Apr 12, 2010 1:47pm Apr 12, 2010 1:47pm
Quote
vincient

simple and nice analysis
well done

dats the best way to go analysing daz on daily
and trade freely on hourly
weldone
  • #1,871
  • Apr 12, 2010 5:29pm Apr 12, 2010 5:29pm
Quoting vincentprice
Morning All

anyone seen the AUD NZD daily chart, a good possibility for this week developing.
VP

How it's going? I'm waiting for this setup.

http://www.forexfactory.com/showpost...ostcount=10349

Check: GCad chart, long limit order around FL's 500, 618 & 786, I think this trade have many potential.

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,872
  • Apr 14, 2010 11:41am Apr 14, 2010 11:41am
Hey Jhon

Good morning

I also noticed your post on the GBP/CHF, dropping like a lead balloon now I see, very nice. Did you take a position?

AUD/NZD tested the 61.8% retrace and closed above the 38.2% on the daily yesterday, looking bullish to me still.

And Naijafx, Saintsurfer, your words greatly appreciated, thanks.
Nil desperandum
  • #1,873
  • Apr 15, 2010 12:23pm Apr 15, 2010 12:23pm
Hello senior members,

Is this valid short entry or should i wait for stoch cross / present candle to close below 5 SMA?

Any suggessions........

Regards
Pip26
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  • #1,874
  • Apr 15, 2010 1:44pm Apr 15, 2010 1:44pm
Quoting vincentprice
Hey Jhon

Good morning

I also noticed your post on the GBP/CHF, dropping like a lead balloon now I see, very nice. Did you take a position?

AUD/NZD tested the 61.8% retrace and closed above the 38.2% on the daily yesterday, looking bullish to me still.

And Naijafx, Saintsurfer, your words greatly appreciated, thanks.
, Yep Vincent, I closed the trade @1.62, remember this?

http://www.forexfactory.com/showpost...postcount=1871

Look at it now, sorry I can't post it earlier

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,875
  • Apr 15, 2010 2:40pm Apr 15, 2010 2:40pm
Quoting Pip26
Hello senior members,

Is this valid short entry or should i wait for stoch cross / present candle to close below 5 SMA?

Any suggessions........

Regards
Pip26
Hey Pip hows things.

To throw in my two pence worth, the setup looks fine to me. Although I prefer it when the stoch cross is well defined or obvious. I try to find an entry on or above the 5 sma when going short to get the best risk reward ratio I can, as the 5sma is only used for a guide to getting an optimum entry.

Also the trend on the daily chart in the short term is up ( previous month) and over the longer term bearish. Right now consolidating, if price were to fall below 143 and comtinue the longer term bear trend I would then be more comfortable looking to sell.

Hope that is useful VP
Nil desperandum
  • #1,876
  • Apr 16, 2010 3:16am Apr 16, 2010 3:16am
Quoting vincentprice
Hey Pip hows things.

To throw in my two pence worth, the setup looks fine to me. Although I prefer it when the stoch cross is well defined or obvious. I try to find an entry on or above the 5 sma when going short to get the best risk reward ratio I can, as the 5sma is only used for a guide to getting an optimum entry.

Also the trend on the daily chart in the short term is up ( previous month) and over the longer term bearish. Right now consolidating, if price were to fall below 143 and continue the longer term bear trend I would then be more...
Thanx for your views VP.
Please tell me once we get swing high/low and waiting for retracement then how long that swing will be valid for entry? what are the invalid points for any swing high/low?

Thanx in advance,

Pip26
  • #1,877
  • Apr 16, 2010 12:45pm Apr 16, 2010 12:45pm
Hello Daz, your system is simple and effective, i see im not the 1st one to say this but i still wanna affirm you.

I think im a few years late but i still want to clarify something, years ago, in the 4th or 5th page, thunderwolf mentioned about the fib expansion, by default, the 2nd line does not retrace to point C, but instead to the 50% of the fib retracement. Is this normal? If not, how do we adjust?

Sorry if im repeating past questions, thank you for your patience.

Bethel
  • #1,878
  • Apr 16, 2010 7:20pm Apr 16, 2010 7:20pm
Quoting vincentprice
Morning All

anyone seen the AUD NZD daily chart, a good possibility for this week developing.
Hello in this AUD/NZD trade we got a very nice signal to go long with the trend but now we found contrarian signals that are telling us to go short (but thet are not with the main trend). im asking myself if you treat these situations in a different way because we are near 50% FE.

Thank you.

BeLikeWater
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Greetings, BeLikewater
  • #1,879
  • Apr 18, 2010 10:22am Apr 18, 2010 10:22am
Hi all,

Just spent 2 full days reading this thread from start to finish!

While I don't want to sound cliched, it does indeed look like an effective and SIMPLE strategy.

Just one indicator and fibs! I LIKE it!!

Anyway, will be trading the Daz method on demo this week to see how it works out.

Thanks,

GT3RS
  • #1,880
  • Apr 18, 2010 10:37am Apr 18, 2010 10:37am
Quote
Hello in this AUD/NZD trade we got a very nice signal to go long with the trend but now we found contrarian signals that are telling us to go short (but thet are not with the main trend). im asking myself if you treat these situations in a different way because we are near 50% FE.

Thank you.

BeLikeWater

here is the idea of daz. to trade along the daily trend from 1hr time frame as entry. follow that simple rules and get paid consistently.
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