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Using the DASR for successful trading

  • #101
  • Jan 18, 2012 4:25pm Jan 18, 2012 4:25pm
OK - no harm in going over our strategy again.

What we are doing is looking for good bounces off our DASR on the 4 hour chart. So it makes sense to be continually looking at our 4 hr charts. It also makes sense to be looking at as many trading pairs as we can that seem to be IN A STONG UPTREND or DOWNTREND. Now when we see that price action has bounced nicely off the DASR on the 4 hr chart (maybe it's already well on the way up or down) we can then go down the the LOWER TIME FRAMES to find a good point where price may be just about to OR has already bounced off the DASR on that lower time frame! We can then enter our trade hopefully for a nice few pips.

Tracking our trade once opened probably needs to be refined a bit - cause even I lost quite a few pips today closing out my EURCAD,AUDUSD and GBPJPY trades way too early! So we'll be looking at that tomorrow

rgds
  • #102
  • Jan 18, 2012 4:35pm Jan 18, 2012 4:35pm
OK so lets check the position finally today.

EURUSD, GBPUSD, EURJPY, GBPJPY,AUDUSD, CHFJPY,AUDCHF - all in nice countertrend all look set for further gains tomorrow

EURCAD, NZDUSD, - looks like coming back to our DASR

Going to bed now - see you in the morning!!

Rgds to all

Jerry
  • #103
  • Jan 19, 2012 1:34am Jan 19, 2012 1:34am
Hi everyone
Well interesting day ahead.
Remembering those famous words "buy on Monday Sell on Friday" could be that kind of week!

EURUSD daily chart looks like Euro could reach 12940/50 maybe by tomorrow it could bounce off the DASR on our daily chart?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 20 KB
  • #104
  • Jan 19, 2012 1:41am Jan 19, 2012 1:41am
Quoting jmtini
Hi everyone
Well interesting day ahead.
Remembering those famous words "buy on Monday Sell on Friday" could be that kind of week!

EURUSD daily chart looks like Euro could reach 12940/50 maybe by tomorrow it could bounce off the DASR on our daily chart?
morning, im loooking at 4hr AUDUSD and 4hr NZDUSD, whats your thoughts on these
  • #105
  • Jan 19, 2012 1:45am Jan 19, 2012 1:45am
GBPUSD remained well above our DASR on 4hr overnight


I'm watching the 30 min for a good bullish candle possibly off the daily pivot around 15400 - if not we could be in retreat
  • #106
  • Jan 19, 2012 1:49am Jan 19, 2012 1:49am
Quoting deankenny21
morning, im loooking at 4hr AUDUSD and 4hr NZDUSD, whats your thoughts on these

Hi deankenny,

I'd stand aside on those 2 right now. Both coming back to DASR and judging by previous experience might break through to the downside. Would wait for candlestick confirmation to re-enter.

rgds
  • #107
  • Jan 19, 2012 1:52am Jan 19, 2012 1:52am
Taken a short on AUDCHF looks like a nice downtrend but of course anything can happen!
Attached Image (click to enlarge)
Click to Enlarge Name: audchf 15 min.gif Size: 21 KB
  • #108
  • Jan 19, 2012 2:00am Jan 19, 2012 2:00am
Well there you are - I didn't wait for candlestick confirmation off the DASR and got punished for it!!
  • #109
  • Jan 19, 2012 2:08am Jan 19, 2012 2:08am
2 red candles but with long wicks so I'm giving it a go as we're well above daily pivot
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 30 min.gif Size: 21 KB
  • #110
  • Jan 19, 2012 2:28am Jan 19, 2012 2:28am
Hi Deankenny

Looks like you were right on AUDUSD and NZDUSD

turning around on 4hr

I'm long on AUDUSD
  • #111
  • Jan 19, 2012 2:31am Jan 19, 2012 2:31am
Quoting jmtini
Hi Deankenny

Looks like you were right on AUDUSD and NZDUSD

turning around on 4hr

I'm long on AUDUSD
didnt quite reach the blue line for me
  • #112
  • Jan 19, 2012 2:37am Jan 19, 2012 2:37am
Morning Jerry
Noticed before any entry, it is best to check all all timeframes right, I check 4hr, 1hr, 30m and 15m for some kind of confirmation, example on G/U, price above on 4hr, 1hr, and 30 min on the DASR on 15m and above on 5m, can only see longs, what you think?

Tom
  • #113
  • Jan 19, 2012 2:43am Jan 19, 2012 2:43am
The A/U, to me seems a little more difficult, it is above DASR on 4hr but below on 1hr and 30 min, but above on 15 and 5m timeframes, difficult to know what to look for

thoughts

Tom
  • #114
  • Jan 19, 2012 2:44am Jan 19, 2012 2:44am
Quoting jmtini
Well there you are - I didn't wait for candlestick confirmation off the DASR and got punished for it!!
Your SL might have been a little tight. I'm going to wait and see if it pushes down through 0.97469?

If it does, then I'm in Short I reckon?
  • #115
  • Jan 19, 2012 3:01am Jan 19, 2012 3:01am
Quoting WhoDunIt
Your SL might have been a little tight. I'm going to wait and see if it pushes down through 0.97469?

If it does, then I'm in Short I reckon?

Hi Wayne,

Yep you're right. Nice bounce off 30 min DASR tried a new short - see what happens
  • #116
  • Jan 19, 2012 3:03am Jan 19, 2012 3:03am
closed 2/3rds of my position on GBPUSD at 1:1 with SL at BE on remainding position
  • #117
  • Jan 19, 2012 3:04am Jan 19, 2012 3:04am
Quoting booktimes
The A/U, to me seems a little more difficult, it is above DASR on 4hr but below on 1hr and 30 min, but above on 15 and 5m timeframes, difficult to know what to look for

thoughts

Tom
Quite right Tom - Far better to wait for candlestick confirmation on a lower time frame. I just took it because it as well as Euro and Cable started looking really bullish - A Co-relation trade
  • #118
  • Jan 19, 2012 3:09am Jan 19, 2012 3:09am
Quoting deankenny21
closed 2/3rds of my position on GBPUSD at 1:1 with SL at BE on remainding position
Well done that is good trade management. I put a trailing stop on it and got stopped out for 15 pips profit.

I'm still in AUDUSD and EURUSD - have trailing stops on both. AUDCHF looking better
  • #119
  • Jan 19, 2012 3:15am Jan 19, 2012 3:15am
There is a spanish and french bond auction at 09.45 so market will move alot, could show us the trend for the day depending on results, so be careful

Tom
  • #120
  • Jan 19, 2012 3:18am Jan 19, 2012 3:18am
Quoting booktimes
There is a spanish and french bond auction at 09.45 so market will move alot, could show us the trend for the day depending on results, so be careful

Tom
Thanks Tom

Got stopped out on EU and AU but had trailing stop so netted a nice few pips on both! Still in AUDCHF
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