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Powerful Fib Based System - by DAZfx

  • #2,241
  • Oct 10, 2010 3:09pm Oct 10, 2010 3:09pm
Quote
I will not post his link, just google his name and you should get it.
If I can tell this, he is using harmonic patterns, known as Gartleys. I've just began to study that. It's quite interesting. I see it as extension of daz's method.

Cheers.

thanks man

actually i use 3 systems to trade

1. harmonic pattern stictly on 4hr TF and above.

2. Daz for trend continuation. there must be a trend

3. DRF- mine proprietary method for intra-day reversal.

and funny enough, the 3 system is premised on abcd concept
  • #2,242
  • Oct 10, 2010 5:18pm Oct 10, 2010 5:18pm
Hi, almost done reading the thread. What happened to Dazfx
  • #2,243
  • Oct 10, 2010 5:23pm Oct 10, 2010 5:23pm
Quote
Hi, almost done reading the thread. What happened to Dazfx

daz is doing fine living in london
  • #2,244
  • Oct 11, 2010 1:27am Oct 11, 2010 1:27am
Naijafx,

Would you mind sharing the indicator or tool, that you use to plot gartley's on your charts?
  • #2,245
  • Oct 11, 2010 5:27am Oct 11, 2010 5:27am
Quote
Naijafx,

Would you mind sharing the indicator or tool, that you use to plot gartley's on your charts?

dats means i will share my eyes, my mind and brain. lol
  • #2,246
  • Oct 12, 2010 1:17am Oct 12, 2010 1:17am
Maybe I asked wrong.

To plot Gartley on your chart, all you use is fibonacci, but you've deleted all the levels ?
  • #2,247
  • Oct 12, 2010 7:23pm Oct 12, 2010 7:23pm
Here is a GU trade, apologies for not posting earlier , I only just spotted the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gb.jpg Size: 108 KB
Nil desperandum
  • #2,248
  • Oct 14, 2010 1:15am Oct 14, 2010 1:15am
I wonder if anyone of you here take into consideration the time it takes for the price to retrace towards any fibo level before it goes back to the trend direction?

For example: if in a 1H TF price went up in the direction of the trend for 10 bars, then it retraced towards the 61.8 level in 7-8 bars, will it be a legal retracement or that should be considered too long and you would not trade this?
  • #2,249
  • Oct 19, 2010 5:10pm Oct 19, 2010 5:10pm
Shouldn't be too long, probably... Anyway I prefer the BC wave to be shorter (in terms of candles) than AB wave...
  • #2,250
  • Oct 20, 2010 3:20am Oct 20, 2010 3:20am
2 setups are developing.

BTW: thanx Naijafx
Attached Image(s) (click to enlarge)
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  • #2,251
  • Oct 20, 2010 7:40am Oct 20, 2010 7:40am
Quoting Pip26
2 setups are developing.

BTW: thanx Naijafx
H1 also forming short setups for both pairs and EJ also so lets see which time frame takes the lead.
Attached Image(s) (click to enlarge)
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  • #2,252
  • Oct 20, 2010 8:05am Oct 20, 2010 8:05am
Quoting Pip26
H1 also forming short setups for both pairs and EJ also so lets see which time frame takes the lead.
Im short on all 3 pairs with H1 setup
  • #2,253
  • Oct 20, 2010 9:33am Oct 20, 2010 9:33am
Quote
Im short on all 3 pairs with H1 setup
hmm. none was a valid setup as cross is still at oversold region. this game requires so much patience which many lack.
  • #2,254
  • Oct 20, 2010 9:37am Oct 20, 2010 9:37am
Quoting Naijafx
hmm. none was a valid setup as cross is still at oversold region. this game requires so much patience which many lack.
You are right men.. i did mistake anyhow learnt a lesson now back to h4 charts.
  • #2,255
  • Oct 27, 2010 4:49am Oct 27, 2010 4:49am
Good day traders,

this is ti inform us that AUSD and EURUSD have created bearish impulsive wave.
wait for retracement to resistance/trend line bounce and confirm entry based on DAZ rules.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eusd.gif Size: 18 KB
  • #2,256
  • Oct 27, 2010 5:13am Oct 27, 2010 5:13am
Quoting Naijafx
Good day traders,

this is ti inform us that AUSD and EURUSD have created bearish impulsive wave.
wait for retracement to resistance/trend line bounce and confirm entry based on DAZ rules.
Thanx men
  • #2,257
  • Oct 27, 2010 12:26pm Oct 27, 2010 12:26pm
I am using a indicator called a Quick fib. I don't need to draw the fib by myself.
I just want to see if it works

http://preview.shareapic.net/preview7/023725655.gif
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  • #2,258
  • Oct 27, 2010 12:38pm Oct 27, 2010 12:38pm
Quoting leoforex
I am using a indicator called a Quick fib. I don't need to draw the fib by myself.
I just want to see if it works

http://preview.shareapic.net/preview7/023725655.gif
It moves with the zoom in/out movement of chart.
  • #2,259
  • Oct 28, 2010 11:57pm Oct 28, 2010 11:57pm
EurUsd setup is getting ready
Attached Image (click to enlarge)
Click to Enlarge Name: eudaz.gif Size: 16 KB
  • #2,260
  • Oct 29, 2010 7:14am Oct 29, 2010 7:14am
Quoting Pip26
EurUsd setup is getting ready
EurUsd entry is triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: eudazmethod.gif Size: 16 KB
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