Using the DASR for successful trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Successful Trading & Determining the Probability of a Trading System 10 replies

Successful Fundamentals trading (DAY Trading WILL BE Ignored) 17 replies

Is anyone successful using a large stop loss? 6 replies

New successful trading idea using fibonacci expansion 5 replies

Any Successful trader here using Oanda? 38 replies

Attachments: Using the DASR for successful trading
Exit Attachments

Using the DASR for successful trading

  • #121
  • Jan 19, 2012 3:24am Jan 19, 2012 3:24am
Quoting jmtini
Hi Wayne,

Yep you're right. Nice bounce off 30 min DASR tried a new short - see what happens
Not quite as brave as you mate.

I think I'll wait and see what it does with the support at 0.97469.
  • #122
  • Jan 19, 2012 3:31am Jan 19, 2012 3:31am
Back in EURUSD still think is up to 12950 today


Anyone looked at how strong the Swiss Franc is looking at the moment? Nice looking bearish situation on USDCHF Don't usually trade USDCHF but I'm trying for a few pips - no earthly reason why not!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 4 hr.gif Size: 25 KB
  • #123
  • Jan 19, 2012 3:37am Jan 19, 2012 3:37am
Quoting WhoDunIt
Not quite as brave as you mate.

I think I'll wait and see what it does with the support at 0.97469.

Sure, but when it does break through as it just has, normally it does it in a hurry!!
  • #124
  • Jan 19, 2012 3:56am Jan 19, 2012 3:56am
I'm long again GBPUSD guys and watching AUDUSD closely for hopeful entry above daily pivot point!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 30 min.gif Size: 24 KB
Click to Enlarge Name: audusd 30 min.gif Size: 21 KB
  • #125
  • Jan 19, 2012 3:58am Jan 19, 2012 3:58am
becareful going long on eurusd in this area, we need to look at bigger picture this is a weekly chart, notice the previous support, this is the first return to it, high probability will now act as resistence
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 44 KB
  • #126
  • Jan 19, 2012 4:12am Jan 19, 2012 4:12am
Quoting deankenny21
becareful going long on eurusd in this area, we need to look at bigger picture this is a weekly chart, notice the previous support, this is the first return to it, high probability will now act as resistence

Agree - no trades open at the moment - I closed out my GU trade when I saw EU dropping like a stone! Trailing stop ot hit on AUDCHF but took 15 pips!
  • #127
  • Jan 19, 2012 4:15am Jan 19, 2012 4:15am
Still think we'll see some more upward movement on this pair (AU) have a pending buy above pivot point
  • #128
  • Jan 19, 2012 4:21am Jan 19, 2012 4:21am
EU another assault on 12900 coming up - I think it could break through?

Same with GBPUSD? I'm trying long on both - I think they will!
  • #129
  • Jan 19, 2012 4:47am Jan 19, 2012 4:47am
Quoting jmtini
EU another assault on 12900 coming up - I think it could break through?

Same with GBPUSD? I'm trying long on both - I think they will!
And there we go!!
  • #130
  • Jan 19, 2012 5:24am Jan 19, 2012 5:24am
Quoting jmtini
Sure, but when it does break through as it just has, normally it does it in a hurry!!
Okie Dokie, now I'm in at 0.97454, lets see where this goes?

Just out of interest I am trading the H4, but watching the M30.
Using H4 for direction, then getting in on the M30 every time it agrees.
Not sure what to to about exits yet, for starters may just use the H4 and exit on a change of direction?

The indicator I'm using is not free, it belongs to Pro4x, Tim Hyder an Australian coder, a very good coder, so if you want it, please email him at [email protected] and ask him for a copy of 3Bar. Sorry I have no idea what the current price is?
Attached Image (click to enlarge)
Click to Enlarge Name: H4-M30.jpg Size: 214 KB
  • #131
  • Jan 19, 2012 6:45am Jan 19, 2012 6:45am
Quoting WhoDunIt
Okie Dokie, now I'm in at 0.97454, lets see where this goes?

Just out of interest I am trading the H4, but watching the M30.
Using H4 for direction, then getting in on the M30 every time it agrees.
Not sure what to to about exits yet, for starters may just use the H4 and exit on a change of direction?

The indicator I'm using is not free, it belongs to Pro4x, Tim Hyder an Australian coder, a very good coder, so if you want it, please email him at [email protected] and ask him for a copy of 3Bar. Sorry I have no idea what the current...
Thanks Wayne
Might just do that! Looks interesting and might work very well with our system. I have not re-opened a trade on this pair since my trailing stop was hit. Looks like a retracement at the moment. Might have to re-load when & IF it bounces
off our 30 min DASR. The other thing one can do of course is draw a "trend line" of the retracement (see my magenta colour trendline on attached chart) and trade a break of the trendline! Nice pair to trade I must say, thanks.

rgds
Attached Image (click to enlarge)
Click to Enlarge Name: audchf 30 min.gif Size: 20 KB
  • #132
  • Jan 19, 2012 6:52am Jan 19, 2012 6:52am
Well, my AUDUSD is starting to cook and I opened up a trade on GBPJPY at 118.65 and 10 pips up there so far. Simply because we know they are bullish we can scrape some nice pips!
  • #133
  • Jan 19, 2012 7:08am Jan 19, 2012 7:08am
Well as you you can see on the dailys, we've pretty much reached a crucial stage for both pairs as we've reached the DASR on the daily chart! So might be an idea to stand aside and see if the bulls will push them on through in which case IMHO we could be looking at change of trend. Far too early to call though!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 23 KB
Click to Enlarge Name: eurusd daily.gif Size: 19 KB
  • #134
  • Jan 19, 2012 7:17am Jan 19, 2012 7:17am
Sorry, I have take back what I said about a possible change of trend. We are a long, long way from that. If you look back at the chart a year ago, the 1 hr vegas tunnel as well as the 200 sma were well UNDER the price action - THAT is an uptrend!
  • #135
  • Jan 19, 2012 7:47am Jan 19, 2012 7:47am
Closed out my gbpusd buy at 1.5457 not sure what's going to happen yet in the NY session!!
  • #136
  • Jan 19, 2012 8:01am Jan 19, 2012 8:01am
EURO could be set for a good fall tomorrow. Let's see what happens over the rest of the day
  • #137
  • Jan 19, 2012 8:25am Jan 19, 2012 8:25am
CHFJPY, EURJPY, GBPJPY all very nice gains today - I traded GBPJPY for a few pips - anyone else?
  • #138
  • Jan 19, 2012 10:19am Jan 19, 2012 10:19am
Just traded EURJPY for a quick 10 pips - goodness the Yen is weak today!
  • #139
  • Jan 19, 2012 10:23am Jan 19, 2012 10:23am
Price action ABOVE our DASR on 4 hr chart we have only BOUGHT today

Price action BELOW our DASR on 4 hr chart we have only SOLD today (like USDCHF, AUDCHF)

Most trades taken after checking for a good spot on lower time frames although some taken STRAIGHT from 4 hour chart.
  • #140
  • Jan 19, 2012 10:35am Jan 19, 2012 10:35am
Back in at 12900 - can't resist it! Could we get up to that 2940 area??
0 traders viewing now