Using the DASR for successful trading

Thanks Chanchu!

I did of course mean 5350 as a good target, glad you understood!

Well we've had some bounces off the daily DASR on EURUSD and GBPUSD so I'm hoping that we'll see some retracement to the 4hr DASR again for re-entry short. It's just a matter of looking for good short entry points now!!

I have put a thick blue line on the attached charts where I've got a strong feeling we'll see the retracements reaching and good place to re-enter!

Hi everyone

Well I got 55 pips on EURUSD today had a short order in at 13135

Unfortunately lost 20 pips on GBPUSD - had a short order in at 5770 - just triggered my order and headed back to 5800 - amazing!!

Anyway 35 pips nett. Well my predictions last night proved to be almost on the ball. Unfortunately some better then average news (apparently but why I don't know!) on the British economy has kept cable above the daily DASR

Euro looks like heading south sooner rather then later having broken through daily DASR - however I think we are probably going to get one more wave upwards towards 13100 or 13150 - probably tomorrow.

Well looking at the EURUSD 4 hr chart, what we want is for price action to retrace to the solid blue line (around 13100). Looking for re-entry short from that level.If price action goes higher then that - would be cautious as next target for the bulls would be 13150

rgds
Jerry

Well looking at the GBPUSD 4hr chart we see that daily DASR is proving to be strong resistance level. Really need to see it well broken through before committing to a long term trade!

Hi everyone

Well EU is most certainly extremely bearish and we've had absolutely no retracement. Lovely bounces - last 24 hours off the 15 min DASR and can't see any reason for this situation not continuing throughout the afternoon!

OK here's the 15 min chart again with our daily trading range box and asian low (magenta line). So really even if we have an average trading range day, our eventual target today SHOULD be 12920 area.

rgds
Jerry

Hi everyone

Well my post 363 was certainly a prediction that just about worked out pretty good!

By having a pending order placed above or below the 4 hr DASR could have scraped us a nice few pips, especially on GBPUSD

Hi everyone

Well what a day! Trading off the EURUSD 30 min DASR netted a lot of pips to those using our great strategy.

Hope you all had a wonderful pip-full day!!

Rgds

Jerry

Well, we've had a complete turn-around as far as EU and GU are concerned. Having a look at the daily charts, next targets (Monday and Tuesday) IMHO are the thick blue lines. That's 13300/50 for EURUSD and 1.6100 for GBPUSD

We'll obviously be looking for a good place to buy off the 30 min or 1 hr DASR's early Monday morning!

Hi everyone

We had a complete change of direction on the euro pairs this week and I think we have to take a little time to analyse what happened and how we could and SHOULD have traded it! If we had concentrated on EURJPY which tends to move very nicely when bullish taking the "carry trade" aspect into account! I have posted a EURJPY 30 min chart below. Note that around 3.00pm on Thursday afternoon it shot through our key hourly resistance OFF a key support level at 10250 since then price action has never broken through the 30 min DASR. By keeping the 30 min DASR as our "barometer" there has so far been a nice 200 pips!!

Hi everyone

Though that I would spend some time over the weekend to dwell on our "two tool" approach to successful trend-change trading. Of course we do have our 4hr DASR as our ultimate guide as to whether we are on the "long side" or "short side" but of course we could NOT use the 4 hr DASR last Thursday afternoon when we had that significant reversal. So what one can do in this case is go down to the lower time frames (in this case the 15 min) and place a pending order on the OTHER SIDE of our 1 hour DASR (white circle). Of course, we would have been buying on the short side but in this case 40 - 50 pips is not to be sneezed at!

Good examples of safe trading. Catching bits and pieces with low risk.
The areas showed safe zones for stop loss placements also.

All around good trading on all these pairs-textbook type charts.

Hi everyone

Just a quick update on euro and cable - looks like the Greek deal being finalised has put us on course for my estimates of 13300/50 sooner rather then later!

I thought I'd attach my latest statement to show any doubters that our DASR strategy does actually work!

Hi everyone
Well seems that the bus was late today!
Bounce off 30 min seems imminent

Hi everyone

Well I was a bit annoyed today as I went out just after 8.00am and missed the early morning train which left late today!

8.30am we got a nice take-off off the 30 min chart - hope some of you benefited!

Hi jmtini,

Looking at your shot, seems that you have made some changes to the indi, waht 'Slope change' means?

Could you share that version of the indi.

Best regards

I entered with a sell limit at a confluence of the 200ema and daily pivot level. The daily chart has a nice 1-2-3 formation. My original SL was at the 2nd line of resistance. My TP is in the 53 level. Monitor and manage.

I exited the trade with 95 pip profit after the hourly dbl bottom tweezers formation.
I wasn't able to catch the reversal. And I've revised my bearish Pound bias. The weekly chart and the Dollar index indicates changes.

Very well picked chanchu

I'm using the ff (forex freedom) tunnel set to "0" risk. It's basically a 55 EMA I think! If you attach the indicator to your chart you get the extra info in the left hand top corner of your MT4 chart.