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A,B,C,D - 1,2,3,4 System

  • #1,741
  • Feb 10, 2012 10:04am Feb 10, 2012 10:04am
Quoting Naijafx
Hello Dra,

I knew that u wouldn't have missed this juicy pips
Good work to compliment Daz

wonderful! 70+ pips banked
I guess this chart answers one of my previous questions. That is, the fib is started from a high that is not the high right before the retracement. does this mean the fib can be started from any previous high or low depending on an up/down move. and also does the fib have to start from the trendline or can it be drawn from a high/low that is not on the trendline? Thanks Dra, msn
  • #1,742
  • Feb 10, 2012 10:40am Feb 10, 2012 10:40am
Quoting Dra
On the cadjpy 1H the down TL has been broken, creating a small uptrend, also that new up TL has also been broken, whats happening now is that the back side of the down TL now becomes support. Similar for the 4H. On the 4H it retraces, forms that Engulfing bullish candle, but I wouldnt take this trade seen that the uptrend line was broken. I wouldnt go long until it makes a higher high from that III bounce.
Chances are a Kings Crown(head & shoulders) will form on the 1H.
Patience is KEY with this system.
See charts attached.

NB: The back side...
Take another look at this first chart Dra and please help me understand this. You are saying that when PA breaks a trendline you must wait for a HH or LL to confirm the trend change and not trade off the next bounce on the other side of trendline until you have this confirmation. If this is true, sometimes in the thread many traders are not following this rule as they take trades right after a break and bounce off of backside of trendline. Please clarify this for me as i may be talking about two different things but it seems to me that I am getting instruction that is contradictory. Thanks Dra, sorry for my confusion, but I really want to be clear and learn this strategy well. msn
  • #1,743
  • Feb 10, 2012 12:13pm Feb 10, 2012 12:13pm
Quoting tanyasiapa
Hi,

This is the trade i took several hours ago (about 20 hours ago) on EURJPY. The price broken the down trend line from above, then retracing up to the downtrend line, and then give us engulfing bearish CF. It also on fibo 23.6.
3 candles later there was another re-entry formation, another engulfing bearish. Took the trade and is about +140 right now.
Dra, is this correct to enter this trade after the break and then bounce on underside of trendline? thanks, msn
  • #1,744
  • Feb 10, 2012 12:20pm Feb 10, 2012 12:20pm
Quoting tanyasiapa
Hi,

This is the trade i took several hours ago (about 20 hours ago) on EURJPY. The price broken the down trend line from above, then retracing up to the downtrend line, and then give us engulfing bearish CF. It also on fibo 23.6.
3 candles later there was another re-entry formation, another engulfing bearish. Took the trade and is about +140 right now.
I think I am beginning to understand the difference. The first break of the trendline is up and would be a new trend requiring confirmation by way of a HH while the second break brings price action back in line with the earlier trend and a continuation of that trend. this would not require further confirmation by way of a LL. Is this correct. I think I get it now. This has been something I had a good deal of trouble understanding. I hope I am right. Please confirm. Thanks Dra, msn
P.S. Do you trade during london and new york hours? I live in California so it is difficult for me to trade during these hours but i think it might be more profitable.
  • #1,745
  • May 21, 2012 6:37pm May 21, 2012 6:37pm
How's everyone doing? Hey MSN hope you are finding your way and improving on your trading.
  • #1,746
  • May 21, 2012 8:59pm May 21, 2012 8:59pm
Hey Dra, My trading ius getting a little better but I find thAT iT IS NOT VERY CONSISTENT. I will keep trying. Nice to hear from you, MSN
  • #1,747
  • May 22, 2012 8:13am May 22, 2012 8:13am
Quoting msn
Hey Dra, My trading ius getting a little better but I find thAT iT IS NOT VERY CONSISTENT. I will keep trying. Nice to hear from you, MSN
Thats one of the hardest part but in time you should be consisitent if you put in the work to get better....
  • #1,748
  • May 24, 2012 9:44pm May 24, 2012 9:44pm
Yes, I am getting better thanks to you. one more question Dra, if the reversal candle is an engulfing candle, does it have to be the opposite color of the one before it. In other words, if the one before it is being engulfed by the reversal candle but the one before the reversal is the same color (bearish or bullish) is it still a valid entry candle? Thanks for your help. MSN
  • #1,749
  • May 26, 2012 12:24am May 26, 2012 12:24am
Quoting msn
Yes, I am getting better thanks to you. one more question Dra, if the reversal candle is an engulfing candle, does it have to be the opposite color of the one before it. In other words, if the one before it is being engulfed by the reversal candle but the one before the reversal is the same color (bearish or bullish) is it still a valid entry candle? Thanks for your help. MSN
Yes it is, once the candle youre entering after is an engulfing..........
  • #1,750
  • May 30, 2012 1:04pm May 30, 2012 1:04pm
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 ZUP_v101_ABCD+col.mq4   486 KB | 609 downloads
  • #1,751
  • Jun 8, 2012 6:37pm Jun 8, 2012 6:37pm
i believe this is an ideal setup going by dra rules!
Attached Image
it is better to miss than to loss pips
  • #1,752
  • Jun 20, 2012 5:07pm Jun 20, 2012 5:07pm
pretty powerful strategy
Attached Image (click to enlarge)
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it is better to miss than to loss pips
  • #1,753
  • Jun 28, 2012 8:57am Jun 28, 2012 8:57am
Quoting 2pips
pretty powerful strategy
Indeed. Glad to see that you are finding your way trading it.
  • #1,754
  • Aug 8, 2015 11:34am Aug 8, 2015 11:34am
Hello Traders,

I still trade this system and i just did 5mins video on possible short coming up on GBPAUD
http://screencast.com/t/CJbaRPSGPU
Hope you enjoy it.
  • #1,755
  • Aug 8, 2015 7:37pm Aug 8, 2015 7:37pm
Quoting Naijafx
Hello Traders, I still trade this system and i just did 5mins video on possible short coming up on GBPAUD http://screencast.com/t/CJbaRPSGPU Hope you enjoy it.

thanks
  • #1,756
  • Aug 10, 2015 2:00am Aug 10, 2015 2:00am
GBPJPY short

Here is another one am watching

http://screencast.com/t/8uHkBHtka9vK

Hope you enjoy it.
  • #1,757
  • Sep 1, 2015 6:04pm Sep 1, 2015 6:04pm
Nice to see this thread keeping alive. Thanks Naijafx.
  • #1,758
  • Nov 28, 2015 10:39pm Nov 28, 2015 10:39pm
Nice to be back here and see this thread is still alive...
God's Love For You Is Sure Never You Doubt It
  • #1,759
  • Last Post: Nov 29, 2015 2:21am Nov 29, 2015 2:21am
All a Merry Christmas.
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Attached File(s)
File Type: mq4 Barros Swing.mq4   29 KB | 475 downloads

Attached File(s)
File Type: ex4 Barros Swing.ex4   17 KB | 443 downloads

You can put on any timeframe.
Only the price on the chart can show the entrance to the deal...
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