- Search Forex Factory
- Dazfx replied Mar 26, 2008
Yes I only trade on the hourly. Don't get many setups, but it has a better win rate than lower TF setups. Too much whipsaws if you ask me. Btw, the USDCAD trade setup is negated on the hourly. I see there was a valid signal on the 15min.
- Dazfx replied Mar 26, 2008
Hi, I am also looking at USDCAD on the hourly. I still don't have an entry signal, so I am waiting on the sidelines. (Need Stochs to hook down) But if price moves down a lot, I won't take the trade as the R:R won't be good.
- Dazfx replied Mar 26, 2008
Ok I enabled my Email. Don't know why I can;'t enable PM.
- Dazfx replied Mar 26, 2008
Point A is a swing point (retracement point of the previous impulse wave). Please take a look at the first chart in my initial post. In a downtrend, Point A is a swing high (a higher high than the previous candle and the candle after). You can have ...
- Dazfx replied Mar 26, 2008
With the longer term trend down and the entry coming in well before the EURO news, I went in. It already hit my First target when the news came out. If it was a High/Medium impact US or Japan news, I wouldn't have entered. And no, I don't belong to ...
- Dazfx replied Mar 26, 2008
Here is a trade I took on USDJPY!! I left a lot of pips on the table, but since the stop loss was really tight (20pips), I went in with more lots. image
- Dazfx replied Mar 26, 2008
OK looks like I have to eat my socks!!
- Dazfx replied Mar 26, 2008
OK so when are you going to post that picture? :
- Dazfx replied Mar 25, 2008
I use a breakout strategy exclusively on Cable around early London session, and it has a very attractive R:R and win rate. It is a slightly modified version of Big Ben Breakout. Anyone familiar with BBB strategy? Thanks
- Dazfx replied Mar 25, 2008
Yes, but it depends which direction you are moving the S/L.
- Dazfx replied Mar 25, 2008
Chow, already took the trade on the hourly timeframe. This was the trade. image
- Dazfx replied Mar 25, 2008
Am I doing this right? Entry in the Warzone. Just ignore the indicators, I took the print screen from another account. I do have the chart setup similar to Golfer's. image Thanks
- Dazfx replied Mar 25, 2008
A quick question. Do the MAs have to be stacked (ie: In uptrend, 21EMA above 50MA, 10EMA above 21EMA and Price above 10EMA)? Thanks
- Dazfx replied Mar 24, 2008
Willem, I read the rules you created in collaboration with Phil Nell and I must say, I am very impressed. I will certainly give this method some time over the next few weeks as I need a good scalping strategy in my portfolio. Thanks for putting the ...
- Dazfx replied Mar 24, 2008
I am not trading today but there were a few setups on the hourly. But most of them were against the trend. Here is a textbook trade that I would have taken had I decided to trade today. You can see how the next candle after entry was a news candle ...
- Dazfx replied Mar 24, 2008
Hi Eagle Eye, Thanks for the response. Firstly, you use Fibonacci Expansion (Point A, B, C) to get the targets. Secondly, you identify the trend on the longer term time frame by simply looking at the waves (ie: Higher highs and higher lows in ...
- Dazfx replied Mar 22, 2008
Hi Mazdaz, May I know what the 'daz' stands for?
- Dazfx replied Mar 22, 2008
Thanks for the compliments Pips4all. I trade mainly the Yen Pairs and EU/GU. But this system works on all the currency pairs and in all financial markets.
- Dazfx replied Mar 22, 2008
Hi, If you use 15mins, look at 1Hr for trend confirmation. With 15mins, you will get more signals, so you have a higher chance of getting caught by whipsaws. Regarding your other post, remember that a wave or a full ABCD move can exist within a ...
- Dazfx replied Mar 21, 2008
Hi, Sorry you were stopped out. Seems very unfortunate that it went to Point C exactly at 197.68 and reversed. Just not enough volatility in the market to break free from the triangle formation on the 4hr. Yes you did everything right in your part, ...