EUR JPY — Hi all. I have been watching the recent price action on the EJ. The daily chart has today broken above 125 which has acted as a well defined support/resis level so far this year. This completes a nice head and shoulders and if the ...

Powerful Fib Based System - by DAZfx

rspence50 welcome aboard, indeed a great thread! Yes I was long on the hourly setup for a while but closed out with a couple of ticks profit, a few hours after the price bounced rapidly of resistance and boke up the nice hourly price pattern. My ...

Powerful Fib Based System - by DAZfx

Cable — Cable has given a setup on the 1 hour chart after a few days of bullish activity, looks like there is still more room to go before it hits resistance.

Powerful Fib Based System - by DAZfx

I was out for 40 pips, and due to the time difference where I am was fast a sleep when the second 1h trade setup. Still pips is pips and I am happy with that. Looking to short all the way down as long as the bearish action continues. Enjoy the ...

Powerful Fib Based System - by DAZfx

John GJ on the daily also looking like a near perfect price pattern to me, a nice slice of pie potentially!

Powerful Fib Based System - by DAZfx

Great that you highlighted the AUDUSD Naijafx Hey guys AUDUSD dropped off nicely took the trade on the 4h after getting a good entry on the 1h. Watching to see if it hits my second target.

Powerful Fib Based System - by DAZfx

Hey Naijafx, yeah the AUDUSD is starting to look good, getting closer to a potential sell. I also noticed the EURUSD moving nicely.

Powerful Fib Based System - by DAZfx

The above 4 h setup never materialised. However in the hope of rekindling interest in this thread, right now on the EUR JPY an impulse wave has developed that could setup well. I am already in a trade on this chart but based on an entirely different ...

Powerful Fib Based System - by DAZfx

Also I noticed the NZD USD 4h is looking interesting too. . .

Powerful Fib Based System - by DAZfx

Hey John Its going well, I took a small loss on the AJ trade but overall am in profit from the last month. I was watching cable also and it looked like it might set up well, pity it decided to retrace 100%. It could be good for a long soon if it ...

Powerful Fib Based System - by DAZfx

AUDJPY — For anyone looking for setups, I just entered a position on the AJ.

Powerful Fib Based System - by DAZfx

Jhon I took a look at your post and nice trade on the GJ, must of earned you a good few pips! Has been a quiet last few trading days for me, not spotted any good Daz setups during my time in front of the charts. VP

Powerful Fib Based System - by DAZfx

I decided to stay away from the above trade as the pattern/risk reward was not good enough for me. VP

Powerful Fib Based System - by DAZfx

AUDJPY long — Hey Jhon nice to see other posters, I also saw a setup developing on the AJ 1h chart. More time to wait , maybe a couple of hours to see if the chart looks good to trade. Nice up channel and the 4h has broke resis and the ...

Powerful Fib Based System - by DAZfx

The GBP/USD did not reach the 50% fib extension before it began to retrace, as price had moved 80 pips or more in my favour I moved my stop to even and was taken out of the trade several hours ago. Alongside this trade I ran a position in in the ...

Powerful Fib Based System - by DAZfx

After a quiet Daz trade week last week I found a setup on the GBP USD and entered a couple of hours ago, so far it has been sluggish to move, the main trading sessions are closed. Here is the chart Regards VP

Powerful Fib Based System - by DAZfx

Chart — Hi I just looked at my 4h chart for the usdjpy on metatrader and the candle pattern is different to your screenshot! I crossed checked my chart against that from another spreadbetting platform I use, and my two charts are identical. ...

Powerful Fib Based System - by DAZfx

Hey Cuong Yes I agree that price flatened out at the 50% level and did not give an ideal candle pattern with 8 candles in the BC wave. Also the signal candle was the midnight hourly candle whish is far from ideal. I took the trade as everything else ...

Powerful Fib Based System - by DAZfx

EURUSD — I believe this is a valid entry on the EURUSD following the advanced rules, with hidden bearish divergence. I entered after the signal candle below the 5sma as the risk reward was good. Even my Dog can see the daily is in a strong ...

Powerful Fib Based System - by DAZfx

I never took this trade either as the risk reward was not good enough, good job as it would have stopped out. I traded the EURJPY 1h (very similar setup at almost the same time) and was stopped out there instead lol. The fib retracement on both the ...

Powerful Fib Based System - by DAZfx