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Powerful Fib Based System - by DAZfx

  • #2,041
  • Edited 4:53pm May 18, 2010 4:42pm | Edited 4:53pm
Quoting Pip26
USd/Cad is in good form bouncing from lower trend line. for both I think we should keep moving our stop loss with each average big candle tail it is better.

But i think our stop loss risk is not that much bigger...... Good Potential entries.

GooD LuCk
Well , I did not expect to be writing this so soon but the 4h CHF/JPY trade just filled for 150 pips. . . , It was travelling at 30 pips an hour, which I reckon is high speed for this pair lol.

USD CAD, biting away at 1.0400 round number and looking strongish still. Closed out one position at 50% fib for 90 pips profit and the other is set for 1.0440

Did you trade this pip?
Nil desperandum
  • #2,042
  • May 19, 2010 12:43am May 19, 2010 12:43am
Quoting vincentprice
Well , I did not expect to be writing this so soon but the 4h CHF/JPY trade just filled for 150 pips. . . , It was travelling at 30 pips an hour, which I reckon is high speed for this pair lol.

USD CAD, biting away at 1.0400 round number and looking strongish still. Closed out one position at 50% fib for 90 pips profit and the other is set for 1.0440

Did you trade this pip?
Good Morning VP,

I got in USD/CAD, USD/JPY closed half at FE 61.8 for both +140 & +80 respectively.
  • #2,043
  • May 19, 2010 7:16am May 19, 2010 7:16am
Quoting Pip26
Good Morning VP,

I got in USD/CAD, USD/JPY closed half at FE 61.8 for both +140 & +80 respectively.
Nice one Pip, I am out of all my positions now. I extended the fill to 1.0472 on the USD/CAD which filled overnight and now looks like the chart is forming a nice little up channel.
Nil desperandum
  • #2,044
  • May 19, 2010 9:31am May 19, 2010 9:31am
Quoting vincentprice
Nice one Pip, I am out of all my positions now. I extended the fill to 1.0472 on the USD/CAD which filled overnight and now looks like the chart is forming a nice little up channel.
I am hoping USDCAD will do nice upside ride. Here is my more setup recently taken quick pips.
Attached Images
  • #2,045
  • May 19, 2010 10:41am May 19, 2010 10:41am
Quoting Pip26
I am hoping USDCAD will do nice upside ride. Here is my more setup recently taken quick pips.
Again great trades Pip, I missed those this morning and a few others too!
Nil desperandum
  • #2,046
  • May 19, 2010 12:38pm May 19, 2010 12:38pm
Quoting vincentprice
Again great trades Pip, I missed those this morning and a few others too!
Thanx VP,

Keep watching Eur/Jpy, Eur/Usd H1 charts.
  • #2,047
  • May 19, 2010 2:06pm May 19, 2010 2:06pm
Quoting Pip26
Thanx VP,

Keep watching Eur/Jpy, Eur/Usd H1 charts.
Also looking at the AU 1h right now! What do people think about the stup?

:nerd:
Nil desperandum
  • #2,048
  • May 19, 2010 2:24pm May 19, 2010 2:24pm
Quoting vincentprice
Also looking at the AU 1h right now! What do people think about the stup?

:nerd:

Looks like a no go now, price appears to be consolidating. . .
Nil desperandum
  • #2,049
  • May 20, 2010 12:59am May 20, 2010 12:59am
Good Morning with Good Pipsssss............
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  • #2,050
  • May 20, 2010 2:34am May 20, 2010 2:34am
VP just look at Risk Reward for those trades......

  • #2,051
  • May 20, 2010 7:50am May 20, 2010 7:50am
I hope my again awesome week close with DAZ
Attached Images
  • #2,052
  • May 20, 2010 8:54am May 20, 2010 8:54am
Quoting Pip26
Good Morning with Good Pipsssss............
Ei pip26 im interested in those trades, can you tell me where was your entry order exactly and where you putted your stop loss for every trade?? Thank you
Greetings, BeLikewater
  • #2,053
  • Edited 9:51am May 20, 2010 9:46am | Edited 9:51am
Quoting Pip26
I hope my again awesome week close with DAZ

You have been busy Pipster and raked in the coins, thats great , unlike me. I was watching the EUR/JPY 4h quite closely for an entry but fell asleep and woke up to find I had missed out on 200pips .
Nil desperandum
  • #2,054
  • Edited 10:02am May 20, 2010 10:01am | Edited 10:02am
Hello BeLikeWater,

I try to show you on charts. i use simple DAZ method... just wait for candle to close at or below 5SMA and wait for retracement. Stop loss is just above retracement point C. I use +10 above/below point C. for H1 i use 1:1 ratio for my half lot size and then i use every candle tail for moving my stop loss.

I hope you got your answers.


Sorry for big blank charts
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  • #2,055
  • Edited 11:20am May 20, 2010 11:10am | Edited 11:20am
Quoting vincentprice
You have been busy Pipster and raked in the coins, thats great , unlike me. I was watching the EUR/JPY 4h quite closely for an entry but fell asleep and woke up to find I had missed out on 200pips .
Nevermind VP more will come for you.

You noticed i was not using H1 before but now i think for intraday it is good..
  • #2,056
  • May 20, 2010 11:34am May 20, 2010 11:34am
Look at these 2 setups VP.. very good and fast pipping...... I havn't got but H1 covered my week once again.
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  • #2,057
  • May 20, 2010 1:44pm May 20, 2010 1:44pm
Quoting Pip26
Look at these 2 setups VP.. very good and fast pipping...... I havn't got but H1 covered my week once again.
This week must be your best Daz week yet Pip!

Yeah I like the 4h and 1h particularly for DAZing, I also trade the daily sometimes too. As for 15m and lower time frames, I dont touch them as I find the signals and price action less reliable.

My week has been good too, account up 10% on Daz trades alone!! I also entered the EUR/USD long earlier today at 1.2339, it is moving like a dream, and I would be glad to see another 300 - 400 pips but who knows in these crazy times. (But this is not a Daz trade )
Nil desperandum
  • #2,058
  • May 20, 2010 2:22pm May 20, 2010 2:22pm
Quoting vincentprice
This week must be your best Daz week yet Pip!

Yeah I like the 4h and 1h particularly for DAZing, I also trade the daily sometimes too. As for 15m and lower time frames, I dont touch them as I find the signals and price action less reliable.

My week has been good too, account up 10% on Daz trades alone!! I also entered the EUR/USD long earlier today at 1.2339, it is moving like a dream, and I would be glad to see another 300 - 400 pips but who knows in these crazy times. (But this is not a Daz trade )
Yes VP you are right it is my 3rd consecutive best week with Daz, i really appreciate his work...

I am watching now H4 bigger waves to be windup for Eur/usd i hope it will touch 1.2700 tomorrow... I close my all trades daily becoz euro crisis can do anything overnight so dont want to take risk.

What is your method for Eur/Usd long???
  • #2,059
  • May 20, 2010 3:01pm May 20, 2010 3:01pm
GBP JPY, check it out. . . .COULD setup, no time to post chart. Beware is a fast mover!
Nil desperandum
  • #2,060
  • May 20, 2010 4:54pm May 20, 2010 4:54pm
Ok I am out now , exit at 128.03. I took 135 pips from the entry at 129.38 (not strictly a Daz entry, but the chart formed my favorite short candle pattern on the 1h so I took advantage). Likewise I jumped out early before the 50% fib and I see price i still going down, reason being I am a burned out for the week. . . so wanted to take the profit and call it a day or a week, might be back tomorrow . If not have a good weekend everyone. . . .

Here is the chart
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Nil desperandum
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