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Using the DASR for successful trading

  • #561
  • Jun 4, 2012 3:45pm Jun 4, 2012 3:45pm
OK this is a very nice way to see how our system works and what to look for.

Price action has strongly penetrated the 4hr DASR today and due to a couple of factors, it's probable that we're going to see a significant retracement.

What we want to see is a more strong bullish candles which will BEND our 4 hr tunnel upwards. Then we will be looking for a bearish retracement back to the DASR area in order to find a good place to buy.

Due to the fact that the upmove at the moment is very much against the daily down trend we will definitely get price action coming down to test support maybe more then once!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4 hr 9.00pm.gif Size: 20 KB
  • #562
  • Jun 4, 2012 11:48pm Jun 4, 2012 11:48pm
thanks jerry...

so far, so good.
bit . ly/fantestimonials
  • #563
  • Jun 5, 2012 7:48am Jun 5, 2012 7:48am
Hi everyone

Well EURUSD did not play ball this morning so in that case, we can always turn to other trading pairs.

Of course there WAs a case for having a speculative pending order on the SOUTH side of EURUSD 4hr DASR this morning Price action had dropped so quickly down to the DASR it was probably going to head down further which is exactly what happened!
  • #564
  • Jun 6, 2012 1:22am Jun 6, 2012 1:22am
Well I opened a trade on EURUSD last night off the 4hr DASR and I'm keeping it open. Let's see how far we can go! Moved up SL to 2460
  • #565
  • Jun 6, 2012 3:45am Jun 6, 2012 3:45am
Hi everyone

I will soon be posting my live account in my trade explorer.

Probably this afternoon.
  • #566
  • Jun 6, 2012 4:05pm Jun 6, 2012 4:05pm
OK I posted my live account. I have deposited $350

We are $35 up today which is a 10% increase


I am going to use that ($35) to fund further trades and attempt to increase the balance without using my own funds!

Using half a mini lot (0.05) or 50 cents a pip, it gives us 70 pips to play with as far as our SL is concerned. Usually setting a 20 pip stop loss gives us 2.5 trades

Lets see how we go tomorrow!!
  • #567
  • Jun 6, 2012 4:20pm Jun 6, 2012 4:20pm
Well looking at the AUDUSD 15 min chart we see the vegas tunnels all beautifully lined up. In fact EURJPY,AUDJPY,GBPUSD,GBPJPY and EURUSD all look the same so we'll be bouncing trades off their respective DASR's tomorrow!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 15min chart.gif Size: 19 KB
  • #568
  • Aug 9, 2012 11:02am Aug 9, 2012 11:02am
Firstly my grateful thanks to Paulus and others on his thread for putting together
a trading system which in my view has tremendous potential for successful trading - i.e. to win more times then you lose and your winners pip gain is much greater then your losers pip loss!

I have made a few changes to the system and added a few of my own indicators. Because I'm using the 5 min chart you need to add 5 pips + the spread to the indicated SL and TP !!

Here are yesterday's and today's chart using the 5 min chart plus my extra indicators.
As you can see today, during the sharp fall one can use the 20 SMA to "bounce trades off". When price action retraces further, I use the 62 EMA which usually works well and often results in a signal from Paulus's indicator (like today)

Please feel free to ask if anyone does not understand the chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd m5 yesterday.gif Size: 24 KB
Click to Enlarge Name: eurusd m5 today.gif Size: 21 KB
  • #569
  • Aug 9, 2012 1:40pm Aug 9, 2012 1:40pm
Great work jmtini!

I'll be following this thread with great interest
....and yes, I'll probably have a few questions for you fairly soon!
  • #570
  • Aug 9, 2012 1:46pm Aug 9, 2012 1:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5min EU.png Size: 31 KB


Hi,

using your 5min suggestion I sold at 1.2309 at 15:55h (green vertical) according Paulus' rules and made 39 pips, SL 13 pips...

many thanks, jdva
I never lose - either I win or I learn...
  • #571
  • Aug 9, 2012 2:07pm Aug 9, 2012 2:07pm
Quoting jdva

Hi,

using your 5min suggestion I sold at 1.2309 at 15:55h (green vertical) according Paulus' rules and made 39 pips, SL 13 pips...

many thanks, jdva
jdva, Can I ask what the indicator is that you use to give the red / blue MA?

jmtini, You say that you are using your own indicators in conjunction with Paulus' method. Which extra indicators do you suggest?

Many thanks guys!
  • #572
  • Aug 9, 2012 5:33pm Aug 9, 2012 5:33pm
Quoting Laelaps
jdva, Can I ask what the indicator is that you use to give the red / blue MA?

jmtini, You say that you are using your own indicators in conjunction with Paulus' method. Which extra indicators do you suggest?

Many thanks guys!

No probs

Here are the indicators and template (.tpl file). Vegas 1hr tunnel is set to "0" risk. p1m1t indicator time set from 1.00am to 7.00am (GMT). grid builder indicator set to "500".
Attached File(s)
File Type: ex4 FBS Pivots.ex4   13 KB | 220 downloads
File Type: ex4 Grid Builder.ex4   3 KB | 233 downloads
File Type: ex4 MA_Bounce_Candle_Indicator.ex4   3 KB | 265 downloads
File Type: ex4 MACD_4CZ.ex4   4 KB | 218 downloads
File Type: ex4 p1m1t.ex4   18 KB | 212 downloads
File Type: ex4 Vegas Currency Daily 1 Hour.ex4   6 KB | 285 downloads
File Type: tpl 1min eurusd.tpl   66 KB | 262 downloads
  • #573
  • Aug 9, 2012 5:39pm Aug 9, 2012 5:39pm
Quoting jdva
Attachment

Hi,

using your 5min suggestion I sold at 1.2309 at 15:55h (green vertical) according Paulus' rules and made 39 pips, SL 13 pips...

many thanks, jdva
Hi Jdva

Yes I got that signal - Did you get an actual signal? Are you using the p1m1t indicator? Gave a nice red arrow on my chart at that same point

Really great anyway!
  • #574
  • Aug 10, 2012 2:17am Aug 10, 2012 2:17am
Well I'm short on all pairs at the moment including EURJPY and GBPJPY which are dropping like stones!
  • #575
  • Aug 10, 2012 2:26am Aug 10, 2012 2:26am
Quoting jmtini
Hi Jdva

Yes I got that signal - Did you get an actual signal? Are you using the p1m1t indicator? Gave a nice red arrow on my chart at that same point

Really great anyway!
yes, Jmtini, I'm using exactly the same indikator settings/rules like Paulus, but I didnt get a red arrow....which indi should it come from?

I'm also testing om other pairs like EJ, GU, AU, USD/CHF, EG....seems to work as well..

today sell bias again...unfortunately (?) I'm on holidays next week

Happy pipping and thx again, jdva
I never lose - either I win or I learn...
  • #576
  • Aug 10, 2012 2:32am Aug 10, 2012 2:32am
Quoting Laelaps
jdva, Can I ask what the indicator is that you use to give the red / blue MA?

jmtini, You say that you are using your own indicators in conjunction with Paulus' method. Which extra indicators do you suggest?

Many thanks guys!
of course, Laelaps, it is the NonLagMa, you find it here:

http://www.forex-tsd.com/manual-trad...ng-system.html

HT jdva
I never lose - either I win or I learn...
  • #577
  • Aug 10, 2012 3:03am Aug 10, 2012 3:03am
Quoting jdva
of course, Laelaps, it is the NonLagMa, you find it here:

http://www.forex-tsd.com/manual-trad...ng-system.html

HT jdva
Thanks guys, you're a great help

Should have gone short earlier, but felt I missed the boat.
  • #578
  • Aug 10, 2012 3:04am Aug 10, 2012 3:04am
Quoting jdva
yes, Jmtini, I'm using exactly the same indikator settings/rules like Paulus, but I didnt get a red arrow....which indi should it come from?

I'm also testing om other pairs like EJ, GU, AU, USD/CHF, EG....seems to work as well..

today sell bias again...unfortunately (?) I'm on holidays next week

Happy pipping and thx again, jdva
Hi yes it does work on the other pairs especially EJ and GJ

You get the arrow from the p1m1t indicator
  • #579
  • Aug 10, 2012 3:36am Aug 10, 2012 3:36am
Quoting jmtini
Hi yes it does work on the other pairs especially EJ and GJ

You get the arrow from the p1m1t indicator
Ok...with your indi I got a red arrow yesterday night at 22:45h London time at 1.2304....but was already sleeping here in Germany
I never lose - either I win or I learn...
  • #580
  • Aug 10, 2012 3:41am Aug 10, 2012 3:41am
Quoting jdva
Ok...with your indi I got a red arrow yesterday night at 22:45h London time at 1.2304....but was already sleeping here in Germany
sorry.....red arrow appears only on M15 not M5
I never lose - either I win or I learn...
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