I am not VP but I will give my 2 cents. You have 2 options: a. Enter after the close of the first red bar (confirmation bar) and put your SL just above it. If your SL is hit, enter again after the next red bar. b. Enter after the first red bar or ...

Powerful Fib Based System - by DAZfx

I am not sure I understood you. Anyway, this indicator finds by itself everytime there is a new pattern that has the minimum range and then draws the fibo levels.

Powerful Fib Based System - by DAZfx

Here is a nice tool (indicator) that draws the fibo levels with prices. After you decide by yourself if the major trend is Long or Short, you change the trend in the indicator to show the pattern to TRUE and the opposite to FALSE. I.e: if the trend ...

Powerful Fib Based System - by DAZfx

Good trade. Heads up.

Powerful Fib Based System - by DAZfx

SL — UCad - SL hit at 1.0200

Powerful Fib Based System - by DAZfx

GU - I missed it yesterday.

Powerful Fib Based System - by DAZfx

Good one too.

Powerful Fib Based System - by DAZfx

Good. I took them too. Luck!

Powerful Fib Based System - by DAZfx

UJ - Short

Powerful Fib Based System - by DAZfx

In this thread I will not post new rules for Dazfx's method. His method works great and I don't want to confuse between methods. My method is not that different but this method is good enough for all.

Powerful Fib Based System - by DAZfx

The Stoc was not crossing completely while the candle was not closed yet to form any kind of candlestick pattern

Powerful Fib Based System - by DAZfx

UCAD Long - Trade has not been confirmed yet.

Powerful Fib Based System - by DAZfx

Quote: "1) The new candle following the Confirmation Candle is on or near the 5 SMA." The candle does not have to close below. It can be near. Also, I trade mostly the 4H but I look at the 1H to see if the candle(s) there already crossed the 5SMA.

Powerful Fib Based System - by DAZfx

EU Short. SL is too far. Anyway, I missed it.

Powerful Fib Based System - by DAZfx

EJ Short. I did not trade this. SL is too far.

Powerful Fib Based System - by DAZfx

Thank you. I am new to this thread but I am already trading a Fibo strategy for 2 years long. I also have an EA (Expert Advisor) that runs this strategy profitably, which is similar to DazFx method, but still has its own conditions which are not ...

Powerful Fib Based System - by DAZfx

UC Long

Powerful Fib Based System - by DAZfx

Spread — Don't you pay a large spread for each trade when opening a trade at this hour of the day? Most of the brokers widen their spreads at these hours (between 22GMT to 5GMT).

Gap Trading

Guys. Message #50,000. Respect!!!

james16 Chart Thread

There is another major difference between the idea of James (which I honor of course) and my idea: James' idea is to enter a trade once the close of the OB is outside the close of the IB. My idea is to wait until there is a newer close outside the ...

james16 Chart Thread