DirtyDan's journal

[dirtydan]

Re: DirtyDan's journal

 

Here is a trade that I got into and was able to exit this week for a profit of $2500 with all three positions combined. October was a very good month I was able to trade 100% for the month of October. This sounds amaxing but for the whole month I only took 4 trades and was able to profit without any indicator only price action. I hope this method helps now only if I could find a nice scalping system lol. \m/

 

 

http://img687.imageshack.us/img687/6065/yenv.gif

[Kuekhatsu]

Re: DirtyDan's journal

 

@DirtyDan;

 

Please teach us how to draw Gann Grid correctly with a pictures, because Gann Grid is not easiest to draw like Fibo.

 

Thanks before :shand:

[jason_za1]

Re: DirtyDan's journal

 

Hi DirtyDan

 

Thank you for posting your system. Forgive my ignorance but can you please explain how and WHEN you placed your trades below... that is, after you replotted the 2nd (RED) fibo lines, do you wait for the price to hit the 50 then the 61.8 on the way down and place the trades or wait for price to head up again.

 

Also, where do you place your stoploss?

 

 

http://img683.imageshack.us/img683/8118/yen.gif

 

Thanks again \m/

[dirtydan]

Re: DirtyDan's journal

 

Hi DirtyDan

 

Thank you for posting your system. Forgive my ignorance but can you please explain how and WHEN you placed your trades below... that is, after you replotted the 2nd (RED) fibo lines, do you wait for the price to hit the 50 then the 61.8 on the way down and place the trades or wait for price to head up again.

 

Also, where do you place your stoploss?

 

 

http://img683.imageshack.us/img683/8118/yen.gif

 

Thanks again \m/

No problem my friend and to answer your first question yes I will only enter a trade when the white fib 0% or 100% is pierced so that I can fib again with the red fibs and I will either put orders at these three areas or I will get in as they are hit so in this case as price started to drop. I place my stoploss at the 100% of the white fib.

[jason_za1]

Re: DirtyDan's journal

 

Hi DirtyDan

 

I've been using your system and enjoying the benefits of this kind of manual trading using fibs.

 

Can you please explain more about your system?

Also can you please say if their are any other indicators you use for entry / exit?

 

Thanks again!

[Kuekhatsu]

Re: DirtyDan's journal

 

@ Dirtydan;

 

So The Take Profit level we used the white or red Fibs 1.382% & 1.618% ?

 

Thanks before :shand:

 

 

:-bd

[dirtydan]

Re: DirtyDan's journal

 

@ Dirtydan;

 

So The Take Profit level we used the white or red Fibs 1.382% & 1.618% ?

 

Thanks before :shand:

 

 

:-bd

 

I always use the fibs from the new swing. The red ones would be correct but its really up to you. Has anyone tried this method and if so what do you think? I always here people say the trend is your friend but how do you know when a trend starts or ends I think this method you make money either way.

[Kuekhatsu]

Re: DirtyDan's journal

 

I always use the fibs from the new swing. The red ones would be correct but its really up to you. Has anyone tried this method and if so what do you think? I always here people say the trend is your friend but how do you know when a trend starts or ends I think this method you make money either way.

 

AWESOME Bro ... :-bd

 

One more thing Bro, Did you use a Bigger Timeframe such weekly, daily, H4 to determine the Longer term Trend , so you have confidence the movement in H1 for this trade only open BUY or SELL Only ?

 

If Yes how did you determine the longer term trend, Are you use such EMA 20 in Daily or SMA 10 in Weekly, etc ?

 

or you do not use them just only simple breakout of the white fibs as your clue, where the market will be heading on .

 

Need your advice Bro; ...

 

Thanks Bro Dirtydan;

 

 

:shand:

[dirtydan]

Re: DirtyDan's journal

 

AWESOME Bro ... :-bd

 

One more thing Bro, Did you use a Bigger Timeframe such weekly, daily, H4 to determine the Longer term Trend , so you have confidence the movement in H1 for this trade only open BUY or SELL Only ?

 

If Yes how did you determine the longer term trend, Are you use such EMA 20 in Daily or SMA 10 in Weekly, etc ?

 

or you do not use them just only simple breakout of the white fibs as your clue, where the market will be heading on .

 

Need your advice Bro; ...

 

Thanks Bro Dirtydan;

 

 

:shand:

 

I usually fib the daily over the weekend to see set ups for the up coming week. I fib the daily and enter on the hourly. I have never been able to trade with ma's or stuff like that. I like fibs because of the accuracy and because stop loss and take profit levels are pre determined and there is no guessing needed and I usually get the most pips possible from my trades. The only drawback is that sometimes you only get 1 to 3 trades a week but the amount of pips make up for it. For example I had only 4 trades last month but I was able to take 723 pips without having to check on it every 5 minutes. I will look for one of my setups and I will post it (if I find one) just to give an example and show how long it takes. :-bd

[Kuekhatsu]

Re: DirtyDan's journal

 

@ Dirtydan;

 

Thanks a lot Bro :shand:

 

100% Agree with you; & for me is good to take a little trade but profitable rather many trade but to much losse.

 

I fib the daily and enter on the hourly.

 

So can you give a screenshoot example how you draw Daily Fibs To Weekend for determine the current trend has been establish ?

 

So if we know the big picture by draw Daily to Weekly Fibs, we just only wait the opportunity for opening position in aa sameway has given by the Fib Daily to Weekly, isn't it right Bro ?

 

Need your guidance; Thanks ... :-bd

[Kuekhatsu]

Re: DirtyDan's journal

 

@DirtyDan;

 

Can i put the Sell Limit Order at the Yellow Fib Retrachement 50%; 61.8%, 78.6% with SL at th Swing High 100% Dark Slate grey Fib & Take Profit at Yellow 138.2% & 1.618% ?

 

http://img252.imageshack.us/img252/7419/24461600.gif

 

:-/

[dirtydan]

Re: DirtyDan's journal

 

@DirtyDan;

 

Can i put the Sell Limit Order at the Yellow Fib Retrachement 50%; 61.8%, 78.6% with SL at th Swing High 100% Dark Slate grey Fib & Take Profit at Yellow 138.2% & 1.618% ?

 

http://img252.imageshack.us/img252/7419/24461600.gif

 

:-/

 

You must first fib the daily and then you will be able to fib the hourly. Notice that the white fib 0% was penetrated and so thats when to start another fib. Kuekhatsu you are learning very quickly and have the basic idea of it you will pick it up and see why the trend does not matter and when the pips add up you will be very pleased. If you have any questions post and I will try to clarify as much as possible. You rock dude \m/

 

Here is how I fibbed it and yes I took this trade

 

http://img20.imageshack.us/img20/5201/chartv.gif

[Kuekhatsu]

Re: DirtyDan's journal

 

You must first fib the daily and then you will be able to fib the hourly.

 

I usually fib the daily over the weekend to see set ups for the up coming week. I fib the daily and enter on the hourly.

 

Please teach me how to draw Fib in Daily Timeframe over the Weekend to saw the setup for an upcoming week ... [-O<

 

Notice that the white fib 0% was penetrated and so thats when to start another fib. Kuekhatsu you are learning very quickly and have the basic idea of it you will pick it up and see why the trend does not matter and when the pips add up you will be very pleased. If you have any questions post and I will try to clarify as much as possible. You rock dude \m/

 

Here is how I fibbed it and yes I took this trade

 

http://img20.imageshack.us/img20/5201/chartv.gif

 

Thank You Very much Bro DirtyDan; You ROCK too Bro ... =D>

 

I take at Alpari-US demo account; here :

 

http://img40.imageshack.us/img40/913/30236762.gif

 

1 Sell Limit Order @78.6% has not done but the two Pending order at 50% & 61.8% has done.

 

Btw, for Take Profit I take 3 part 1st @ 127% (because its a Prime Number of Fib); 2nd @138.2%; & last the 3rd @161.8%

[Kuekhatsu]

Re: DirtyDan's journal

 

Bro Dirtydan; Awesome ... :-bd

 

http://img42.imageshack.us/img42/4242/97633524.gif

 

All the 3 position now in positive position ... =D>

 

 

Seems we are in the right trend movement especially I saw Resistance (Trading In The Buff) ... :)

 

 

http://img33.imageshack.us/img33/952/tibh.gif

 

Let we see, how far this trade goes.

 

BTW;

 

Bro Dirtydan; Please teach me how to draw FIB in Daily Timeframe to Weekly for purpose to see the trend on upcoming week ...

 

 

Thanks before :shand:

[dirtydan]

Re: DirtyDan's journal

 

Hello Kuekhatsu I am glad you are seeing the big picture you will see it pay off big time especially when you can just look at a chart and be able to see a good trade set up. Thanx for updating everyone on how the trade is going. So how does it feel to trade without any indicators or having to worry about which way the trend is going? Even in a downtrend price moves up so how do we really know what the trend is and how do we know when its going to stop. I figure trading has enough stress why worry about all the other things when you don't have to. Kuekhatsu would it be better for me to post some shots of weekly fibs and daily fibs or should I show them sperately? I forgot to mention to make sure you put your first 2 positions stop loss at positive 10-15 pips and your last one at least 20 pips so at least if it retraces at least you still got 45-50 pips. Never let a winning trade turn into a loser plus if it retraces you can always enter again and you will still be in profit.\m/

[Kuekhatsu]

Re: DirtyDan's journal

 

Hello Kuekhatsu I am glad you are seeing the big picture you will see it pay off big time especially when you can just look at a chart and be able to see a good trade set up.

 

I aggree 100% with you Bro :-bd

Actually before that i trade without Indicators too (sometimes use but only a couple just for confirmation only)

Thanx for updating everyone on how the trade is going. So how does it feel to trade without any indicators or having to worry about which way the trend is going? Even in a downtrend price moves up so how do we really know what the trend is and how do we know when its going to stop. I figure trading has enough stress why worry about all the other things when you don't have to.

 

You're welcome Bro :-bd

 

I Feel very2 happy :)

 

Kuekhatsu would it be better for me to post some shots of weekly fibs and daily fibs or should I show them sperately?

 

I thing better both of them, so i can learn how to draw the Daily to Weekly Fibs correctly so we can now an upcoming next week Big Pictures

 

Btw; Thanks a lot Bro for your kindnessh :shand:

 

I forgot to mention to make sure you put your first 2 positions stop loss at positive 10-15 pips and your last one at least 20 pips so at least if it retraces at least you still got 45-50 pips. Never let a winning trade turn into a loser plus if it retraces you can always enter again and you will still be in profit.\m/

 

OK Bro; But I don't understand why my Metatrader.4 (Alpari-US) if i modify the Stoploss & Takeprofit all the 3 Position has change simmiliar, if you look the screenshoot you can see all the 3 position have a 3 simmiliar SL & TP, I've been tried a few times but the results allways same.

 

http://img25.imageshack.us/img25/3089/75424676.gif

 

Best Regards;

 

 

:-bd

[Kuekhatsu]

Re: DirtyDan's journal

 

I saw this setup in EUR/GBP :

 

http://img265.imageshack.us/img265/9282/14637285.gif

 

Is this a correct setup too Bro Dirtydan ?

 

Thanks before :shand:

[dirtydan]

Re: DirtyDan's journal

 

I saw this setup in EUR/GBP :

 

http://img265.imageshack.us/img265/9282/14637285.gif

 

Is this a correct setup too Bro Dirtydan ?

 

Thanks before :shand:

 

Congratulations Kuekhatsu you are getting the hang of it. The first swing is fibbed perfectly but is not needed since we are focusing on the next two all you need to do is fib the latest swing and you got a nice setup. Look how close your chart is to mine. =D>

 

http://img24.imageshack.us/img24/6065/yenv.gif

[Kuekhatsu]

Re: DirtyDan's journal

 

Thank You Bro Dirty dan =D>

 

Btw, if the EUR/GBP Setup above is right, Are the EUR/USD is a correct setup too ?

 

http://img134.imageshack.us/img134/6963/81402580.gif

 

 

:)

[dirtydan]

Re: DirtyDan's journal

 

Thank You Bro Dirty dan =D>

 

Btw, if the EUR/GBP Setup above is right, Are the EUR/USD is a correct setup too ?

 

http://img134.imageshack.us/img134/6963/81402580.gif

 

 

:)

I like what I see. And people think fibonacci is hard ha ha no way. So how is the gbp/usd trade going for you Kuekhatsu? :shand:

 

http://img41.imageshack.us/img41/4218/yenh.gif

[Kuekhatsu]

Re: DirtyDan's journal

 

Bro Dirtydan;

 

I love Your setup Bro ... =D>

 

http://img297.imageshack.us/img297/9095/94883276.gif

 

 

:-bd

[dirtydan]

Re: DirtyDan's journal

 

This trade is pretty much over and it happened just like we thought it would. I could wait until the the 161.8 gets hit for my last position but I feel no need to I mean 530 pips for one trade is pretty good in my book. Pictures say more than words so check it out. :D

 

http://img40.imageshack.us/img40/4218/yenh.gif

[Kuekhatsu]

Re: DirtyDan's journal

 

OK Bro I will Take Profit; but i'm little bit late because i just wake up this morning :D

 

http://img4.imageshack.us/img4/2062/12436471.gif

 

Btw I love this Fibo Approach :-bd

 

Please teach me draw Fibs from Daily to Weekly so i can predict the next week movement; Thanks a lot Bro :shand:

[Csh-flow]

Re: DirtyDan's journal

 

Congratulations for your journal. =D>

I have one question:

In fibo you have one percentage 76,40% but normaly the percentage is 78,60.

Is there one error?

Best regards,

C@sh

[dirtydan]

Re: DirtyDan's journal

 

Congratulations for your journal. =D>

I have one question:

In fibo you have one percentage 76,40% but normaly the percentage is 78,60.

Is there one error?

Best regards,

C@sh

 

 

The reason I use the 76.4 instead of the 78.6 is becasue I want to make sure I get in at this level no matter what so I use a number a bit lower than 78.6 to ensure I will get in especially with setting orders I can set them to get in exactly at the 76.4 and it usually wont matter with the spread. :-bd