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Powerful Fib Based System - by DAZfx

  • #1,981
  • May 10, 2010 9:09am May 10, 2010 9:09am
UC Long
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Click to Enlarge Name: uc dazfx 10.5.10.gif Size: 22 KB
  • #1,982
  • May 10, 2010 9:37am May 10, 2010 9:37am
Quoting smilee89
UC Long

Good ride....
  • #1,983
  • May 10, 2010 9:54am May 10, 2010 9:54am
Quoting Pip26
Good ride....
Thank you.

I am new to this thread but I am already trading a Fibo strategy for 2 years long.
I also have an EA (Expert Advisor) that runs this strategy profitably, which is similar to DazFx method, but still has its own conditions which are not included in DazFx's rules.

I will post more manual trades here.

Good luck to you all.
  • #1,984
  • Edited May 11, 2010 12:40am May 10, 2010 10:08am | Edited May 11, 2010 12:40am
EJ Short.

I did not trade this. SL is too far.
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Click to Enlarge Name: uj dazfx 10.5.10.gif Size: 19 KB
  • #1,985
  • May 10, 2010 10:15am May 10, 2010 10:15am
EU Short.

SL is too far. Anyway, I missed it.
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Click to Enlarge Name: eu dazfx 10.5.10.gif Size: 20 KB
  • #1,986
  • May 10, 2010 10:15am May 10, 2010 10:15am
Quoting smilee89
UJ Short.

I did not trade this. SL is too far.
Dont you think, you are making early entries... you should wait for candle to close below MA.. according to daz method.
  • #1,987
  • May 10, 2010 10:24am May 10, 2010 10:24am
Quoting Pip26
Dont you think, you are making early entries... you should wait for candle to close below MA.. according to daz method.
Quote:
"1) The new candle following the Confirmation Candle is on or near the 5 SMA."

The candle does not have to close below. It can be near.

Also, I trade mostly the 4H but I look at the 1H to see if the candle(s) there already crossed the 5SMA.
  • #1,988
  • May 10, 2010 10:36am May 10, 2010 10:36am
UCAD Long - Trade has not been confirmed yet.
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Click to Enlarge Name: ucad dazfx 10.5.10.gif Size: 19 KB
  • #1,989
  • May 10, 2010 10:38am May 10, 2010 10:38am
Quoting smilee89
Quote:
"1) The new candle following the Confirmation Candle is on or near the 5 SMA."

The candle does not have to close below. It can be near.

Also, I trade mostly the 4H but I look at the 1H to see if the candle(s) there already crossed the 5SMA.
Yes you are right... Good Luck for both setups
  • #1,990
  • May 10, 2010 11:48am May 10, 2010 11:48am
Quoting smilee89
UCAD Long - Trade has not been confirmed yet.
Could you please explain why the trade is not confirmed yet?

thx
  • #1,991
  • May 10, 2010 11:50am May 10, 2010 11:50am
Hello VP,

are you just watching movements today... or grabbing some pips silently
  • #1,992
  • Edited 12:00pm May 10, 2010 11:59am | Edited 12:00pm
Quoting Pip26
Hello VP,

are you just watching movements today... or grabbing some pips silently

Afternoon Pip, I grabbed a few pips last night on the AUD USD gap fill shortly after open apart from that I have been cleaning up my charts and trying to get a handle on things after last weeks large moves. Only chart I like the look of right now for future Daz trades is the EUR AUD, I am keeping an eye on it for short setups over the next few days. Not much else on my plate.

VP
Nil desperandum
  • #1,993
  • May 10, 2010 12:03pm May 10, 2010 12:03pm
Quoting vincentprice
Afternoon Pip, I grabbed a few pips last night on the AUD USD gap fill shortly after open apart from that I have been cleaning up my charts and trying to get a handle on things after last weeks large moves. Only chart I like the look of right now for future Daz trades is the EUR AUD, I am keeping an eye on it for short setups over the next few days. Not much else on my plate.

VP
Any specific reason for only eur/aud....... why not other pairs.
  • #1,994
  • May 10, 2010 12:10pm May 10, 2010 12:10pm
Quoting Pip26
Any specific reason for only eur/aud....... why not other pairs.
Is just that this is the only chart that really caught my eye in terms of Daz trades, nice down channel on the 4h and price has just made a strong bounce off the upper trendline of the channel. So there is a good potential for a pullback and a sell setup if price behaves and continues to the lower support line of the channel.

Also I am staying away from the pairs that put in large moves last week, at least until tomorrow, want to see whee prices stabalise, if they do!!
Nil desperandum
  • #1,995
  • May 10, 2010 1:08pm May 10, 2010 1:08pm
Quoting NewbieFxFx
Could you please explain why the trade is not confirmed yet?

thx
The Stoc was not crossing completely while the candle was not closed yet to form any kind of candlestick pattern
  • #1,996
  • May 10, 2010 7:39pm May 10, 2010 7:39pm
Quoting smilee89
Quote:
"1) The new candle following the Confirmation Candle is on or near the 5 SMA."

The candle does not have to close below. It can be near.

Also, I trade mostly the 4H but I look at the 1H to see if the candle(s) there already crossed the 5SMA.
maybe u will like to share e difference in ur system?
  • #1,997
  • May 11, 2010 12:16am May 11, 2010 12:16am
Quoting yuan83
maybe u will like to share e difference in ur system?
In this thread I will not post new rules for Dazfx's method.
His method works great and I don't want to confuse between methods.

My method is not that different but this method is good enough for all.
  • #1,998
  • May 11, 2010 12:41am May 11, 2010 12:41am
UJ - Short
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  • #1,999
  • May 11, 2010 1:17am May 11, 2010 1:17am
Usd/Jpy short
usd/Cad long
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  • #2,000
  • May 11, 2010 1:25am May 11, 2010 1:25am
Quoting Pip26
Usd/Jpy short
usd/Cad long
Good.
I took them too.
Luck!
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