Does the breach of the 100% fib nullify the potential GJ short trade?

Powerful Fib Based System - by DAZfx

Yes, GU is moving down well. EG almost reached it's all time high. Are you still in? UJ has crossed above 78.6 fib and stochs have uncrossed themselves.

Powerful Fib Based System - by DAZfx

An extra note on this. Some might be familiar with ozfx. He called short on this pair at midnight GMT. Stochs on the daily crossed over and pointing down. This gives me a little more confidence of going short.

Powerful Fib Based System - by DAZfx

Nice discipline on the EG trade Chow. I did at least hold my GU trade overnight, up 108 ...(20 are thanks to the poor UK houses price news just out)

Powerful Fib Based System - by DAZfx

USD/JPY potential — Morning all ... I'm looking at USD/JPY as a potential short. - 61.8 fib breached - stochs are trying to cross over - current 1hr candle has crossed 5ema - awaiting support at daily pivot to be broken Any thoughts? Rob

Powerful Fib Based System - by DAZfx

Time frame Q for TEB — TEB, you've made some great trades recently. Congrats! I notice that your screen shots recently are of the 4hr charts. Does this mean that you are using the 4 hr as your lowest of the 3 time frames for these trades? i.e. ...

World's Simplest System

EUR/GBP closed — Pipsforall ...well spotted and thanks for sharing. I hope you've banked some. Daz ...thanks for the thread and sharing your experience. I have to head out and have closed the whole trade for 41 pips. I'm letting GBP/USD just ...

Powerful Fib Based System - by DAZfx

Daz & Chow ... Cheers guys. I appreciate it.

Powerful Fib Based System - by DAZfx

Thanks Daz. I don't think I've got the fib extension levels sorted. I'm up 43 at the moment with 1 std lot. Would you take 50% off the table now and let the rest run? If so, what's the 2nd target on your chart? (That'll teach me to sort my fibs ...

Powerful Fib Based System - by DAZfx

Now that would be nice pips!

Powerful Fib Based System - by DAZfx

Yeah it's moving up nicely now. +31 ... and 20 bucks a pip on this pair. Next challenge ...where to jump off I also went short on cable 15 pips ago using a "Daz set-up" on the 4hr to trigger it. Will see if my longer term analysis works out.

Powerful Fib Based System - by DAZfx

I didn't Daz. I couldn't spot the start of that wave until you pointed it out. The only wave start I could see was 1.0113. Still need more practice catching waves! Nice trade for your friend though! I am up +18 on the EUR/GBP at least.

Powerful Fib Based System - by DAZfx

Well I've gone long on the EUR/GBP. Will keep a very close eye on it though. I got the analysis of Cable's bull move spot on. Trouble is, I never had the confidence/guts to ride it for the full 300 pips. Let's see whether it's done it's run up. ...

Powerful Fib Based System - by DAZfx

Yes I agree. Look how the 60ema on the 4hr chart has acted as strong support for over a month. Price has just touched that support line ...so is it ready to head up? Waiting for stochs and 5ema signal on the 1hr.

Powerful Fib Based System - by DAZfx

I'd gone in at 99.49. I managed to escape a beating 5 mins before news and bank a pip.

Powerful Fib Based System - by DAZfx

I crashed n'burned trying to work off the 15 min yesterday so it's only the 1hr from here on for me. Like Chow, I see USD/JPY and GBP/JPY as contenders this morning. I'm also watching EUR/AUD, USD/CHF, AUD/JPY, EUR/USD.

Powerful Fib Based System - by DAZfx

Yeah ...costly lesson learned for me

Powerful Fib Based System - by DAZfx

9Volt ...I have the zigzag on my chart. I was actually thinking of asking Daz the same thing for the same reason.

Powerful Fib Based System - by DAZfx

Interesting Fxorce. Thanks. Is there a strong expectation that USDJPY will actually break 99 as opposed to head up?

Powerful Fib Based System - by DAZfx

Daz, Do you only trade off the hourly using this method?

Powerful Fib Based System - by DAZfx