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Powerful Fib Based System - by DAZfx

  • #1,941
  • Apr 30, 2010 8:17am Apr 30, 2010 8:17am
Quoting Naijafx
I have been reading the thread and am very impressed with the contributions most especially by Jhon and VP.

Let me cut in here before i give my insight to ur question. this system looks to trade a a daily trendy pair off 1hr TF as intra-day and 4hr as swing. trader's job is to look for a trendy pair on daily first and start trading in that trend on lower time frame

I will advice newbie to stay away from difficult pairs as it will lead to large drawdown. this system is one of the best on FF but it requires skills and experience to trade-in...
Great post Naija!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,942
  • Apr 30, 2010 8:34am Apr 30, 2010 8:34am
Quoting JhonMonsalve
Great to hear that Pip, congrats, enjoy your greens, keeping a cool head, this thing is pointing to 150, I'm serious, candlestick pattern on monthly charts is telling me that, so, try to lock profits and let it run!

Happy weekend!

Jhon
Btw, I'm scalping shorts @145, because of that: Note that I use RSX most of the times for my entries, instead of original system with Stoch [works better for me]

Attached Image (click to enlarge)
Click to Enlarge Name: gj4h.gif Size: 21 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,943
  • Apr 30, 2010 9:08am Apr 30, 2010 9:08am
Quoting JhonMonsalve
Btw, I'm scalping shorts @145, because of that: Note that I use RSX most of the times for my entries, instead of original system with Stoch [works better for me]

Attachment
This pair is really fast, I'm out of this @DPP, I'm done for the week!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,944
  • Edited 9:32am Apr 30, 2010 9:30am | Edited 9:32am
i just made quick 65 pips on GU, entered at 5 SMA retracement closed half position at 38.2 and remaining targetting 200 SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
  • #1,945
  • Apr 30, 2010 2:37pm Apr 30, 2010 2:37pm
Pip26, select your fib, right click, Fibo Properties, go to Fibo Levels tab, doubleclick any value under description and add %$ symbols. That way you will have price written on the level you choose. Easier to identify price on certain level.

Let's get this thread going again
  • #1,946
  • May 2, 2010 2:02pm May 2, 2010 2:02pm
Quoting JhonMonsalve
Btw, I'm scalping shorts @145, because of that: Note that I use RSX most of the times for my entries, instead of original system with Stoch [works better for me]

Attachment
Hello im reading the whole thread, but sometimes i look too the last posts (hehe i know i shouldnt).

BTW

Could you post that RSX indicator pls?

Thx
Greetings, BeLikewater
  • #1,947
  • May 2, 2010 2:48pm May 2, 2010 2:48pm
Hi, Where can I find RSX that you use on your charts. Can you post it here?
Thanks.
Sasa
Quoting JhonMonsalve
Btw, I'm scalping shorts @145, because of that: Note that I use RSX most of the times for my entries, instead of original system with Stoch [works better for me]

Attachment
  • #1,948
  • Edited 2:31am May 3, 2010 12:58am | Edited 2:31am
EU also gave good entry point. I entered at retouch of 5SMA on vertical line candle at 1.3290... stop loss 10 pips above 78.6 which got save only by 6 pips . Targets 1st FE 50.0 2nd FE 61.8....

Gbp/Usd hit profit target 1.5240 +90 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: euh41.gif Size: 18 KB
  • #1,949
  • May 3, 2010 4:17pm May 3, 2010 4:17pm
Quoting BeLikeWater
Hello im reading the whole thread, but sometimes i look too the last posts (hehe i know i shouldnt).

BTW

Could you post that RSX indicator pls?

Thx
Quoting sasavisnic67
Hi, Where can I find RSX that you use on your charts. Can you post it here?
Thanks.
Sasa
Here you go!

Attached File(s)
File Type: mq4 MA_of_RSX_RefreshFixed.mq4   4 KB | 426 downloads
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,950
  • May 3, 2010 4:20pm May 3, 2010 4:20pm
  • #1,951
  • May 4, 2010 2:42am May 4, 2010 2:42am
Hello,

VP & Jhon,

No setups from you guys????????

Hello calderone how ru?
  • #1,952
  • May 4, 2010 5:03am May 4, 2010 5:03am
Just started looking for a setup. How are you doing Pip26?
  • #1,953
  • May 4, 2010 9:16am May 4, 2010 9:16am
Quoting Pip26
Hello,

VP & Jhon,

No setups from you guys????????

Hello calderone how ru?
Morning Pip hows things?

Great to see the good results and that you have been raking in some Rupia's, I have been in front of the the charts for a few hours and no setups as yet. I am 4h behind GMT so unfortunately miss half of the UK session which is why most of my trades are posted during the EST US session.


VP
Nil desperandum
  • #1,954
  • May 4, 2010 9:19am May 4, 2010 9:19am
Quoting vincentprice
Morning Pip hows things?

Great to see the good results and that you have been raking in some Rupia's, I have been in front of the the charts for a few hours and no setups as yet. I am 4h behind GMT so unfortunately miss half of the UK session which is why most of my trades are posted during the EST US session.


VP
I am on est so I miss the first half of London.
  • #1,955
  • May 5, 2010 10:50am May 5, 2010 10:50am
Quoting Pip26
Hello,

VP & Jhon,

No setups from you guys????????

Hello calderone how ru?
Hey Pip! Catch me on Daily candle chart thread, I'm posting frequently there, any Daz setup nowadays.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,956
  • May 6, 2010 9:43am May 6, 2010 9:43am
I took this trade and hope it will touch the target soon.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
  • #1,957
  • May 6, 2010 9:54am May 6, 2010 9:54am
Quoting Pip26
I took this trade and hope it will touch the target soon.

Hey Pip, yeah I was looking at that setup too but missed a good point to enter, is dropping like lemmings off a cliff now I see which is great.

Instead I got a reasonable entry on the CAD JPY and am have 100% extension target on this one due to the large trigger candle, stop at break even now as price hit the 62% fib. Here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD.jpg Size: 94 KB
Nil desperandum
  • #1,958
  • May 6, 2010 9:56am May 6, 2010 9:56am
Ha haaa, just took another look at the GU, needless to say all tergets hit for you there pip26, happy days. ,
Nil desperandum
  • #1,959
  • May 6, 2010 9:57am May 6, 2010 9:57am
Got the targets........
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 15 KB
  • #1,960
  • May 6, 2010 10:15am May 6, 2010 10:15am
Quoting Pip26
Got the targets........
Thats a nice bag full of pips you got there pip26, I am just behind you, out of the CAD JPY trade now just short of the 100% level. What a nice end to the week after a few crazy days and some patience waiting for a decent pullback.
Will just be doing a few small scalps now if any opportunities arise.


VP
Nil desperandum
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