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- ChowClown replied Apr 2, 2008
Hats off to you, for your discipline.

Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Good observation. I'm not confident of any set ups at the moment. If in doubt, stay out. Off to do something else for a while, while BB speaks.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Yes, get the best R:R you can. Be careful though, Burntcake speaking soon.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
...yes, the confirmation candle is forming now (completing on the hour). I closed yesterday's 3rd lot on the GU short just above the hourly inside candle that formed..never made it to T3 from there.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Hrly GU short setting up nicely now.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Hi DT, have my eye on this one too, from the 4hr. I'll use the 1hr SMA(5) level as an entry area, if it gets there i'll drill down a few TFs to identify a suitable entry pattern.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
I'm hoping to trade this too, from the 4hr perspective, although using the 1hr SMA(5) for an entry on any pullback to that level. Good luck m8.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Sweet pips, Rob! NFP isn't until Friday btw

Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 2, 2008
Several trades appear to be setting up at the moment: USD/CHF 4hr short EUR/GBP 4hr Long AUD/USD 4hr Long EUR/USD 1hr short (way to go yet) GBP/USD 1hr short (way to go yet) Good luck all.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
Hi Thex, good to see you. This was the GU trade short, i entered slightly outside Daz rules, so apologies for any confusion.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
i've just had 1 lot filled @50...the next @61.8 and the final lot @78.6.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
That's how the GU setup should have been traded. Nice one Mazdaz.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
Naijafx, no it's a live trade
I trade GU more than other pairs/crosses and discretionary elements, alongside the potential Daz short triggered my entry - apologies if this put others off.Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
yes, i jumped the gun on the entry this time

Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
Entered short GU 9808 with 3 lots, targeting FE50, 61.8 and 78.6. Initial stoploss just above last swing high.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
Have my eye on GU, wondering if this fib might play out short...not an ideal setup though on the hrly, too many candles really, the 4hr looks better, although the stoch has much more work to do on that TF.
Powerful Fib Based System - by DAZfx
- ChowClown replied Apr 1, 2008
Useful MMgnt sheet you have there, Pip. Will create something similar while the next trades set up.
Powerful Fib Based System - by DAZfx