Yeah the USD JPY has taken off, missed it by a few minutes, did you trade it Jarnilse?

Powerful Fib Based System - by DAZfx

Lol looks like you are one step ahead of me again on the EUR/GBP. I have the USD JPY setup chalked up to, waiting to see if I can get a decent entry. . . . I might be too late now , forgot about it as was watching other pairs

Powerful Fib Based System - by DAZfx

Yes I agree need to be careful with this pair going long right now, the 4h chart made a lower low after bouncing of a longer term trendline, see my chart below. The chart is now forming a nice up channel on the 4h and depending on how the price ...

Powerful Fib Based System - by DAZfx

Hello Anyone around, I am just about to boil up some coffee as the 4h charts are showing that there could be some setups forming. Charts I am looking at are EUR/GBP EUR/AUD short potentials. Already short on EUR/GBP. AUD/JPY, AUD/USD and NZD/USD ...

Powerful Fib Based System - by DAZfx

Hey Jarnilse just logged on to see Eur Cad just hit T3 for around 150 pips profit, did you also ide this one to target?

Powerful Fib Based System - by DAZfx

Yes the trade has moved into loss but see how it plays out, the bigger picture is bearish on this pair and the stop loss is in a good place to protect from any great damage if the trade does not go to plan.

Powerful Fib Based System - by DAZfx

Hi, EURCAD is being stuburn, is having another crack at support now around 2850. This time I would like to see it get below that level. I dont see any dojis on my 4h chart, sometimes the exact candle pattern changes with different brokers might be ...

Powerful Fib Based System - by DAZfx

Yeah the risk reward was not too good on those two, I did not enter them for that reason and the resistance just above. I hope they work out for you.

Powerful Fib Based System - by DAZfx

Yeah you got that right Pip and she just made me boil up another pot of coffee.

Powerful Fib Based System - by DAZfx

Stopped out of the Eur Aud 4pips profit . Now I am going to sleep. . . .Or wait for London session. . .

Powerful Fib Based System - by DAZfx

Really nice analysis Pipster, I agree with that and like the charts. Catch you later on I need to sleep, my brain is fried after more than enough hours staring at candles. . . .

Powerful Fib Based System - by DAZfx

Yes I have been watching those charts. I have them both in a well defined down channels on the daily. Now that the two pairs have shown decisive moves off the lower channel lines I have been watching for opportunities to trade long on the 1h. ...

Powerful Fib Based System - by DAZfx

Morning Pipster, a late night stalker like me. Good luck with your trade, I am currently long EUR AUD 1h and short EUR CAD. EUR CAD 4h not looking so great now on 4h, my fault for taking a small early position.

Powerful Fib Based System - by DAZfx

Yes same target rules apply off these fib levels too.

Powerful Fib Based System - by DAZfx

Hey guys , refer to this post on the thread and section surrounding it for more information on trading off the 50% Fib level, is part of the Daz method using a few additional rules. Advanced entry rules are stated below 1. Pull back to 38 or 50 fibo ...

Powerful Fib Based System - by DAZfx

Simple answer is yes. All other things being equal, for me a bounce off any of the 3 fib retracement levels is just as good. I do not trade off the 38% retracement as I find this level can be less reliable but that is just through my experience.

Powerful Fib Based System - by DAZfx

That is my very quiet week week probably over now. . .. . .trade filled for 63 pips profit.

Powerful Fib Based System - by DAZfx

From looking at the stop loss and price targets on both charts, there is the possibility that both our trades could fill in profit! I hope that is how it plays out. . .

Powerful Fib Based System - by DAZfx

LOL, still around, not been trading much this week, had a small break to relax a bit. Anyway here is a reasonable looking trade on the EUR CAD that just triggered.

Powerful Fib Based System - by DAZfx

Hi your setup may well work out fine, good luck. When there are a large number of candles on the 1h in the AB wave I normally turn to the 4h time frame and wait to see if a trade sets up there. VP

Powerful Fib Based System - by DAZfx