...if it made a lower low, i'd probably be wanting to trade a break of that low within the next few bars..

Price action with training wheels: Three Strikes Method

The latter, take trade 1 in the chart for instance, the prevailing trend was down, so looking for short breaks of the previous bar's low...the bullish reversal bar printed instead suggesting trend change, so looking for a break long. There's clearly ...

Price action with training wheels: Three Strikes Method

...i've based the chart observation on simple HH/HL for longs and LH/LL for shorts for April so far (ODL feed), Sunday bars included, which i don't think you include... The trades are similar to yours, but i have a loser...just wondering if i'm ...

Price action with training wheels: Three Strikes Method

...again, i thought i might have been getting closer, but then looking at this chart i notice you don't always have to have a strong close to place an order?

Price action with training wheels: Three Strikes Method

..ah OK. Thought i had what you were doing, but on closer inspection....i don't. Looking forward to seeing how your forward test progresses, particularly within narrower ranging periods.

Price action with training wheels: Three Strikes Method

lol, trying to decipher which line's which - looks intriguing and no doubt an excellent KISS approach. I'm glad you're finding/found your personal grail

Price action with training wheels: Three Strikes Method

Hi FXTL, if you look closely at the chart you might be able to spot that i'm using the daily stoch(5,3,3) for trend. It's short for EG and that's why i took the setup. I have to hang my hat on some definition of daily trend for Daz's setups and the ...

Powerful Fib Based System - by DAZfx

EUR/GBP short trade... — ...just taken by some of us in the room.

Powerful Fib Based System - by DAZfx

Fantastic Ian, thanks v much for your time and effort! ATB and hope to see you in the room sometime.

Powerful Fib Based System - by DAZfx

...just posted a watch on EU hrly long, in the room...bit scrappy looking, but you never know

Powerful Fib Based System - by DAZfx

hi rog, for me cable on the daily is still bearish until it makes it's next HH/HL stair step - simple, but it gives me something to hang my hat on

Powerful Fib Based System - by DAZfx

Cable 4hr short setting up, just waiting for everything to line up.

Powerful Fib Based System - by DAZfx

lol Ian, your setting gave me added confidence with the CJ long trade earlier Edit: T1 and T2 filled (+12 T1, +22 T2). Stop on remaining lots set to breakeven. Edit: b/e stops filled.

Powerful Fib Based System - by DAZfx

A handy tip, Ian. Thanks. Pls forgive my ignorance, could you explain why the other parameters of the stoch aren't transposed upwards too, so 32,12,12?

Powerful Fib Based System - by DAZfx

Hi Ian, Mike kindly posted my chart to the thread as an update, so i guess i'd better answer the questions. 1/. I use the exponential and close/close, as a personal preference. 2/. Someone kindly gave a link to the traffic lights in the room the ...

Powerful Fib Based System - by DAZfx

Yes, i'll be taking any setup it gives in the direction of prevailing trend, but i'm willing to 'scalp' off any counter trend possibilities - you'll see i edited the post a while ago, when the AU short fell off watch due to the hrly close above the ...

Powerful Fib Based System - by DAZfx

Great trading MD.

Powerful Fib Based System - by DAZfx

In another office now and won't be able to access the room. Still in the UJ short with first target hit @ FE50. Took a 20 pip loss on the EJ short, which was an aggressive counter trend setup...small stakes so not too much damage done. Have my eye ...

Powerful Fib Based System - by DAZfx

...EUR/USD is off my radar for the time being, but EUR/JPY (EJ i was referring to in the post) is still in play around the 61.8 with stochs needing to hook etc.

Powerful Fib Based System - by DAZfx

...have EJ on watch for longs...a few hours to go though. Can't access the room from where i'm trading today, so will update the thread with anything that might be setting up. Had a losing short earlier on swissy.

Powerful Fib Based System - by DAZfx