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Using the DASR for successful trading

  • #221
  • Jan 24, 2012 8:10am Jan 24, 2012 8:10am
cloced 40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 41 KB
Only Gold and silver
  • #222
  • Jan 24, 2012 8:24am Jan 24, 2012 8:24am
Well done janm

I'm looking at EURCAD 30 min possible entry soon

When PA breaks through 15 min we go down to 30 min, breaks through 30 min we go down to 1 hr

EURUSD - fakeout???
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 30 min.gif Size: 22 KB
  • #223
  • Jan 24, 2012 8:37am Jan 24, 2012 8:37am
Mmmm - last 30 min bar did not close above 30 min DASR so we'll wait for the next one!
  • #224
  • Jan 24, 2012 11:20am Jan 24, 2012 11:20am
Well there you are - a fake-out it was!

Of course our strategy is: we don't sell when PA is above the 4 hr DASR!!
  • #225
  • Jan 24, 2012 11:39am Jan 24, 2012 11:39am
Hi Jmtini

Very nice method you have here, sorry if this has been asked but I notice you said a few posts ago you was looking to buy euro/cad but the 30 min did not close above DASR, when I looked on the 4H chart the blue DASR line is below the daily white DASR line does that qualify as I thought the blue should be above on the 4H chart inorder for trade to qualify.

Thanks
  • #226
  • Jan 24, 2012 3:27pm Jan 24, 2012 3:27pm
Quoting light786
Hi Jmtini

Very nice method you have here, sorry if this has been asked but I notice you said a few posts ago you was looking to buy euro/cad but the 30 min did not close above DASR, when I looked on the 4H chart the blue DASR line is below the daily white DASR line does that qualify as I thought the blue should be above on the 4H chart inorder for trade to qualify.

Thanks
Hi light786,

I think maybe you're looking at the wrong line? I said of course that we don't sell when price action is above the DASR on the 4 hr chart. The DASR on the 4 hr chart is the central point or area inside the vegas daily tunnel represented by the thick blue line in the centre of the tunnel (see yellow arrow). When price retreated from the morning high (around 1.3180) it came down and penetrated our DASR areas on all the lower time frames (represented by the same thick blue line in the vegas currency daily tunnel but now it's seen on the lower time frames). Even the DASR seen on the 1 hour chart was penetrated at around 4.00pm GMT. However BECAUSE price action was still above the DASR on the 4 hr chart we don't enter any sell trades! And of course price recovered and eventually closed above the DASR on the 1 hour chart - we could then SAFELY re-enter on the long side.

Hope that makes sense!

rgds
Jerry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad 4 hr.gif Size: 25 KB
Click to Enlarge Name: eurcad 1 hr.gif Size: 24 KB
  • #227
  • Jan 24, 2012 3:38pm Jan 24, 2012 3:38pm
Well our winner for today absolutely hands down is the EURJPY pair

Really don't know why I never saw it until now. Shows how important it is to keep checking ALL our trading pairs on a regular basis!


An easy no sweat 90 pips available from 8.00am this morning!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 15 min.gif Size: 20 KB
  • #228
  • Jan 24, 2012 4:52pm Jan 24, 2012 4:52pm
Thanks for that explanation Jerry much appreciated Its more clear for me now.

All the best....



Quoting jmtini
Hi light786,

I think maybe you're looking at the wrong line? I said of course that we don't sell when price action is above the DASR on the 4 hr chart. The DASR on the 4 hr chart is the central point or area inside the vegas daily tunnel represented by the thick blue line in the centre of the tunnel (see yellow arrow). When price retreated from the morning high (around 1.3180) it came down and penetrated our DASR areas on all the lower time frames (represented by the same thick blue line in the vegas currency daily tunnel but now it's seen on...
  • #229
  • Jan 25, 2012 2:23am Jan 25, 2012 2:23am
Hi there, thanks for the interesting share.

I tried placing the template in MT4 template folder and the other four files ending in .ex4 in the indicators folder. However whenever I load the template the whole mt4 shuts down and closes automatically. Anybody have any ideas ?

Never happened before.
  • #230
  • Jan 25, 2012 2:59am Jan 25, 2012 2:59am
Quoting traders-sa
Hi there, thanks for the interesting share.

I tried placing the template in MT4 template folder and the other four files ending in .ex4 in the indicators folder. However whenever I load the template the whole mt4 shuts down and closes automatically. Anybody have any ideas ?

Never happened before.

Hi traders-sa,
One of the files has become corrupted in the download process. If you PM me your email address, I can rather email the Mt4 files to you. Otherwise if you do a search on Forex factory you will be able to download the original indicators again from other sources.
  • #231
  • Jan 25, 2012 3:11am Jan 25, 2012 3:11am
Looks like an "oversold" situation on our favourite pairs - best to stand aside until we get a nice reversal off the 1 hour DASR

Don't know what's going on with cable - probably news related?
  • #232
  • Jan 25, 2012 3:14am Jan 25, 2012 3:14am
thanks for clearing that up. If possible please send me your version since I want exactly the same version. Unfortunately I cannot mail you since I am a junior member and would appreciate it if you send it to [email protected].

Many thanks again for the help
  • #233
  • Jan 25, 2012 6:09am Jan 25, 2012 6:09am
Just letting you guys know that price is at the 4HR DASR on EURUSD shall watch closely
  • #234
  • Jan 25, 2012 7:45am Jan 25, 2012 7:45am
Quoting deankenny21
Just letting you guys know that price is at the 4HR DASR on EURUSD shall watch closely
Thanks deankenny,

I tried a small trade on EURJPY when it looked like a bounce on the 30 min but got stopped out. Gone down now to the 1 hour chart - see what happens (wait for strong bullish candle) this afternoon. Otherwise as you say we are at a critical level on a number of pairs so let's see if a definite trend develops to the downside (EURUSD) this afternoon before we maybe enter from the 15 min or 30 min chart.
  • #235
  • Jan 25, 2012 7:46am Jan 25, 2012 7:46am
Quoting traders-sa
thanks for clearing that up. If possible please send me your version since I want exactly the same version. Unfortunately I cannot mail you since I am a junior member and would appreciate it if you send it to [email protected].

Many thanks again for the help
I have the same problem whit the template,Grid builder is the problem, you can put the indicators in the indicator folder and make the template yourself.Don't use grid builder.
Only Gold and silver
  • #236
  • Jan 25, 2012 8:48am Jan 25, 2012 8:48am
Quoting janm
I have the same problem whit the template,Grid builder is the problem, you can put the indicators in the indicator folder and make the template yourself.Don't use grid builder.
Thanks janm,

I do think my "grid bulider" file is corrupted. You can, if you want to use it, just do a search on Forexfactory for "grid builder" to get the original file.
  • #237
  • Jan 25, 2012 8:51am Jan 25, 2012 8:51am
Sorry, I have not mentioned this yet but one has to watch for significant news releases that could affect the price in a hurry. I always check FF's calender. I see there's a significant USD related news coming at 3.00pm GMT so best to hold off because it will affect the euro of course
  • #238
  • Jan 25, 2012 11:03am Jan 25, 2012 11:03am
Well a few pips on EURJPY but frustratingly can't seem to break through 101.50 today. Got a feeling that it will be tomorrow though. Once it does we need to ride it up to 102.00 and beyond!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1 hr.gif Size: 22 KB
  • #239
  • Jan 25, 2012 11:07am Jan 25, 2012 11:07am
Well euro did not break through to the downside - bounced off the DASR on 4 hr and seems to be slowly heading up again.

At least - IF we are keeping to the system we would not have been caught in the obvious bull trap!!
  • #240
  • Jan 25, 2012 11:22am Jan 25, 2012 11:22am
Well pretty clear that we may not be going any higher then 13050 as the resistance level has been rejected 3 times.

"Buy on Monday - sell on Friday" may very well be the case this week!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1 hr.gif Size: 26 KB
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