Hi and welcome to the thread. Here is a daily chart of the EUR AUD. The down channel on the chart shows some nice price action and while price remained in that chnnel there would have been some great opportunities to short. After price broke out of ...

Powerful Fib Based System - by DAZfx

Hi Pip I know it is a bit late now but there are a few indications in the price pattern that would have prevented me from trading this setup. First price had made a higher high and low before the setup. And second after making the higher high and ...

Powerful Fib Based System - by DAZfx

Next is this pattarn, which on a lower time frame would be a double bottom. The third candle in the circle needing to close at least as high as the first candle to complete the double bottom, but that is a perfect formation. These three patterns ...

Powerful Fib Based System - by DAZfx

Next two I consider equal. The first candle makes a swing high and the next candle (signal candle ) falls straight back down and closes right on the open of the previous candle, this affectivly is a pin (extended over 2hours if it is seen on a 1h ...

Powerful Fib Based System - by DAZfx

1st candle pattern — Candle patterns. Daz mentions this in the very first post to the thread and it makes a big difference, but it has not been mentioned much or discussed recently in the thread from what I have seen. All other factors aside, ...

Powerful Fib Based System - by DAZfx

Good evening to everyone following the thread. Recently there have not been so many posters but I have seen a few names appearing here and there and know there are a number of people following and trading the Daz method. I want to write a few posts ...

Powerful Fib Based System - by DAZfx

Ok I am out now , exit at 128.03. I took 135 pips from the entry at 129.38 (not strictly a Daz entry, but the chart formed my favorite short candle pattern on the 1h so I took advantage). Likewise I jumped out early before the 50% fib and I see ...

Powerful Fib Based System - by DAZfx

GEppy!! — GBP JPY, check it out. . . .COULD setup, no time to post chart. Beware is a fast mover!

Powerful Fib Based System - by DAZfx

This week must be your best Daz week yet Pip! Yeah I like the 4h and 1h particularly for DAZing, I also trade the daily sometimes too. As for 15m and lower time frames, I dont touch them as I find the signals and price action less ...

Powerful Fib Based System - by DAZfx

You have been busy Pipster and raked in the coins, thats great , unlike me. I was watching the EUR/JPY 4h quite closely for an entry but fell asleep and woke up to find I had missed out on 200pips .

Powerful Fib Based System - by DAZfx

Looks like a no go now, price appears to be consolidating. . .

Powerful Fib Based System - by DAZfx

Also looking at the AU 1h right now! What do people think about the stup? :nerd:

Powerful Fib Based System - by DAZfx

Again great trades Pip, I missed those this morning and a few others too!

Powerful Fib Based System - by DAZfx

Nice one Pip, I am out of all my positions now. I extended the fill to 1.0472 on the USD/CAD which filled overnight and now looks like the chart is forming a nice little up channel.

Powerful Fib Based System - by DAZfx

Well , I did not expect to be writing this so soon but the 4h CHF/JPY trade just filled for 150 pips. . . , It was travelling at 30 pips an hour, which I reckon is high speed for this pair lol. USD CAD, biting away at 1.0400 round number and ...

Powerful Fib Based System - by DAZfx

Hey Pip, here are my charts, I am fully loaded onto these two positions (i.e 2% per trade ) , and if the first four hour candle is anything to go by momentum looks decent on both. The price targets maybe a little ambitious so I will be ...

Powerful Fib Based System - by DAZfx

Anyone have a view as to potential trades on the USD/CAD and CHF/JPY 4h charts, buy and sell respectively?

Powerful Fib Based System - by DAZfx

AU hit the 50% fib then the rest of the position was stopped out at even, the NU was more stubborn and did not really move after entry before taking out the stop. Good job I split my postion between both!

Powerful Fib Based System - by DAZfx

Well, I took a position in both the pairs. I waited to see the 4h close and following that wanted to see where the midnight (witching) 1h candle was going to, I trade a lot through midnight GMT (due to my time zone) and find the 1st 1h candle of the ...

Powerful Fib Based System - by DAZfx

Momentum slowed, time of day, these are not looking so great to me now but I think they still have potential. Am keeping a watch on them to see what they do.

Powerful Fib Based System - by DAZfx