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Using the DASR for successful trading

  • #201
  • Jan 23, 2012 11:17am Jan 23, 2012 11:17am
Quoting janm
Let see what happends i think risky!
No it's a good call - price action below 4 hr DASR so it's going with the trend
  • #202
  • Jan 23, 2012 11:23am Jan 23, 2012 11:23am
Quoting janm
Trade taken on 5 min-->now also cross 15min I let it run stop on breakeven ==>+10
audchf +15 still running
audjpy +6 still running
A dangerous trade on NZDUSD because price action has been so bullish it's liable to reverse in a hurry. I would at least wait until price action has broken through the 1 hour and with a very bearish candle before ever taking a trade when PA is above the DASR on 4 hr chart. Still it's your call - but I'd be careful - also PA is still well above daily pivot point!
  • #203
  • Jan 23, 2012 11:28am Jan 23, 2012 11:28am
Guys, what we should be looking for if we are going to start trading the other way is well illustrated on today's GBPCHF chart - price literally shot through the DASR this morning giving us a super LOW RISK trade on the next bar (in this case the 12.00pm candle)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 4 hr.gif Size: 20 KB
  • #204
  • Jan 23, 2012 11:39am Jan 23, 2012 11:39am
Hello Jerry
Thanx for this great simple thread.
The indicator gives a clear direction I like it.
I am trading micro lots.

I cloced all trades.

13 trades
2 small loss
1 breakeven
10 winners
+250 pips
-50 pips
Only Gold and silver
  • #205
  • Jan 23, 2012 12:00pm Jan 23, 2012 12:00pm
15 min chart possible re-entry?

Have a pending at 9275
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 15 min.gif Size: 18 KB
  • #206
  • Jan 23, 2012 12:04pm Jan 23, 2012 12:04pm
Quoting janm
Hello Jerry
Thanx for this great simple thread.
The indicator gives a clear direction I like it.
I am trading micro lots.

I cloced all trades.

13 trades
2 small loss
1 breakeven
10 winners
+250 pips
-50 pips
It's heartwarming to hear that - well done janm

A pity we haven't had more contributors. It's a great strategy and surprised that other traders can't see it!!
  • #207
  • Jan 23, 2012 3:05pm Jan 23, 2012 3:05pm
Well, the set-ups were great!

Our Strategy working perfectly as usual!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf 15 min.gif Size: 21 KB
Click to Enlarge Name: eurusd 15 min.gif Size: 21 KB
  • #208
  • Jan 23, 2012 3:12pm Jan 23, 2012 3:12pm
Can't see anything stopping this rise up to at least 3250 and maybe beyond
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1 hour.gif Size: 21 KB
  • #209
  • Jan 23, 2012 3:24pm Jan 23, 2012 3:24pm
Hi jmtini

Did you have any place where to get the indi's for 4 digit brokers? ... I've tryed to fix the code but sill getting graph that are not similar to yours.
  • #210
  • Jan 23, 2012 10:34pm Jan 23, 2012 10:34pm
EURCAD 1 hr chart looking good
  • #211
  • Jan 23, 2012 10:38pm Jan 23, 2012 10:38pm
Quoting rbetancor
Hi jmtini

Did you have any place where to get the indi's for 4 digit brokers? ... I've tryed to fix the code but sill getting graph that are not similar to yours.
Hi

Have a look at this whole page:

http://www.forexfactory.com/showthread.php?t=251458
  • #212
  • Jan 24, 2012 4:03am Jan 24, 2012 4:03am
Hi everyone

Well we had a lovely bounce on EURCAD early this morning and I picked up 40 pips there as well as 20 on EURUSD

It's not a fool proof system but if you set a reasonable TP level (perhaps at the next BRN level) you are going to WIN!!
  • #213
  • Jan 24, 2012 4:10am Jan 24, 2012 4:10am
Wow, I hope Wayne is making some money out of this (only just noticed!):
Attached Image (click to enlarge)
Click to Enlarge Name: audchf 1 hour.gif Size: 22 KB
  • #214
  • Jan 24, 2012 4:20am Jan 24, 2012 4:20am
AUDCHF 15 min - seems to be going down, down!

AUDUSD reaching a critical point on 4 hr chart and that is our DASR could get nice bounce later on today maybe!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audchf 15 min.gif Size: 16 KB
Click to Enlarge Name: audusd 4hr.gif Size: 20 KB
  • #215
  • Jan 24, 2012 4:55am Jan 24, 2012 4:55am
GBPUSD looking good - possible trade on 1 hour if it closes above our DASR
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1 hr.gif Size: 22 KB
  • #216
  • Jan 24, 2012 6:59am Jan 24, 2012 6:59am
Well closed out GBPUSD for a nice few pips


Opened AUDCHF again looks like a bounce at last off 15 min DASR
Attached Image (click to enlarge)
Click to Enlarge Name: audchf 15 min.gif Size: 18 KB
  • #217
  • Jan 24, 2012 7:02am Jan 24, 2012 7:02am
Well been a nice morning except for EURUSD which I would suggest to stand aside.

NY about to open so we must be careful maybe not to trade for the next hour - fake-out time!
  • #218
  • Jan 24, 2012 7:31am Jan 24, 2012 7:31am
Closed out my AUDCHF trade for 5 pips loss

Looks very much like the Aussie slide downwards is over. I have AUDUSD and AUDJPY open for possible trading opportunities on the long side this afternoon
  • #219
  • Jan 24, 2012 7:36am Jan 24, 2012 7:36am
EURUSD starting to slide. Bet you it's a fake-out!

Those loveable yanks!!
  • #220
  • Jan 24, 2012 7:51am Jan 24, 2012 7:51am
EURCAD 15 min - a nice snapshot of this morning's trading conditions which shows how we could have got in and out 4 times bagging a nice few pips each time. What a beauty!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 15 min.gif Size: 24 KB
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