DirtyDan's journal

[dirtydan]

Re: DirtyDan's journal

 

http://img75.imageshack.us/img75/3267/chartw.gif

 

This is such a perfect trade setup look how the stoch is also telling me I found a pretty nice entry I will add more positions at the 61.8 as well as the 50. Whoever says fibs don't work are out of they're minds. :)) I will exit half of my positions at 1.78 and let the rest ride looks good for at least 140 pips :-bd

[iCan]

Re: DirtyDan's journal

 

wow stoch, fib and clean chart you awesome dirtydan :-bd

 

but bullish divergence, and bearish convergence sometimes make false signal, usually i combine with MACD, but Fibbo is still the best :-bd

 

keep it coming ;)

[dirtydan]

Re: DirtyDan's journal

 

wow stoch, fib and clean chart you awesome dirtydan :-bd

 

but bullish divergence, and bearish convergence sometimes make false signal, usually i combine with MACD, but Fibbo is still the best :-bd

 

keep it coming ;)

 

 

 

 

Thank you dvd_val here is the result of that trade. I only opened 2 positions on this trade because it never came back to the 61.8% fib so I opened near the 76.4 and one at the 50% level. I am really liking the stock setting(14,7,3) it seems to give a more precise picture and helps with early entries.

 

 

http://img199.imageshack.us/img199/340/charty.gif

[dirtydan]

Re: DirtyDan's journal

 

This looks like a very high probability trade so I just wanted to post to see if you guys see what I see \m/

 

 

http://img8.imageshack.us/img8/6089/chartz.gif

[dirtydan]

Re: DirtyDan's journal

 

Sorry I havent posted in a while but I have traded 100% for the last 2 weeks so I am pretty much glued to the computer looking for some perfect set ups. I am in no way trying to brag but I wanted to let you guys know that I am having awesome trades using andrews pitch forks here is a trade I am in and I am currently up 165 pips on my first position and I am looking at getting out at 92. :D

 

http://img35.imageshack.us/img35/5991/chartr.gif

[dirtydan]

Re: DirtyDan's journal

 

Sorry I havent posted in a while but I have traded 100% for the last 2 weeks so I am pretty much glued to the computer looking for some perfect set ups. I am in no way trying to brag but I wanted to let you guys know that I am having awesome trades using andrews pitch forks here is a trade I am in and I am currently up 165 pips on my first position and I am looking at getting out at 92. :D

 

http://img35.imageshack.us/img35/5991/chartr.gif

 

 

 

 

 

Hey guys here is a quick update on my usd/jpy trade I am up 311 pips on my first position and 208 pips on my second \m/

I also finally got in the eur/gbp trade and this trade looks really good also curretnly I am only up 11 pips but I will leave this trade open through the weekend I have put a stop at 0.8660 :-bd I think the eur/gbp has at least 320 pips down to go so this trade is still very good to enter because it just hit the last fib at 0.8650 so if you want to enter go ahead and enter now(price currently at 0.8610).

[dfun20]

Re: DirtyDan's journal

 

Please can u explain your startegies? I am having problem understanding it. Also your indicators. i will appreciate it.

Thanks.

[dirtydan]

Re: DirtyDan's journal

 

Please can u explain your startegies? I am having problem understanding it. Also your indicators. i will appreciate it.

Thanks.

 

I don't really use indicators I am using pitchforks and fibs thats basically it. Check out the picture below of the eur/usd. I bought the euro against the dollar because it boinced off the 50% fib and because it bounced off the bottom of the pitchfork. :)>-

 

 

http://img30.imageshack.us/img30/5754/chartg.gif

[dirtydan]

Re: DirtyDan's journal

 

Here is the before and after of the eur/gbp trade I posted on August 12, 2009. Not a bad trade at all I took 90 pips and I think there is a alot more to fall so I am going to buy a half lot now until about .8590 then I will short again and look for an even lower target. I love forex 8-) I am also still holding my short on the usd/jpy from 97.75 :-bd

 

Before

http://img8.imageshack.us/img8/6089/chartz.gif

 

 

Now

http://img23.imageshack.us/img23/6231/charta.gif

[Robinhood01]

Re: DirtyDan's journal

 

DirtyDan are you trading mostly daily or some 4 hour? I've been tying it on 4 hour and have had good results. =D>

[dirtydan]

Re: DirtyDan's journal

 

DirtyDan are you trading mostly daily or some 4 hour? I've been tying it on 4 hour and have had good results. =D>

 

Hello Robinhood. I look at the daily to get the overall trend and that is how I draw my trend lines is on the daily then I will fib the 4 hour and take any signals that stand out I will post more trades in the upcoming week. :-bd

[dirtydan]

Re: DirtyDan's journal

 

nice metod

=D>

 

Thank you and I will show some more trades for the week. I love fibs because they work so good and are far more accurate than anything I have ever used before. :shand:

[dirtydan]

Re: DirtyDan's journal

 

This was a trade I took on Friday morning and I left it running over the weekend and my target was hit for 140 pips. I entered at the 76.4 Fib 94.00 and I exited at 92.60 :-bd

 

http://img42.imageshack.us/img42/8430/chartt.gif

[Farida]

Re: DirtyDan's journal

 

hi,

 

your strategy looks very promising,plse explain more on how u draw fib.

 

Rgrds. :-?

[dedude]

Re: DirtyDan's journal

 

Tnx a lot man, i have a friend who is a great trader and he only use fibs as plus several lag indicators like macd as well. clean and simple.

[cashflow08]

Re: DirtyDan's journal

 

Thanks DirtyDan.

Im still studying all of your charts. Simple, precise and $$$

 

Cheers

[Kuekhatsu]

Re: DirtyDan's journal

 

DirtyDan are you trading mostly daily or some 4 hour? I've been tying it on 4 hour and have had good results. =D>

 

@ Dirty Dan;

 

Did you used Linear Regression Chanell or Standard Deviation Chanell Bro ?

 

How you draw (The Rules) The LR from Daily Charts, are simmiliar like Orange Roshan Way or you have another way to draw the LR ?

 

Thanks in advance Bro ... :shand:

[dirtydan]

Re: DirtyDan's journal

 

Thanx everyone for the kind comments I have been absent from posting here for a while. My trading has taken off significantly I have been into trading so much that I haven't had time but that will change I am going to present how I trade and even reasons to be confident in your trade just by using fibs. I wont be able to post until thursday becasue I have a lot to put up and I am sure you guys have questions :-bd

[cashflow08]

Re: DirtyDan's journal

 

looking forward to it Dan ^:)^

[dirtydan]

Re: DirtyDan's journal

 

Okay guys here is my first lesson on fibs and how I was taught to use them I am going to start from scratch for those that say they dont know how to fib or that just want something new to help they're present system. We might even find more relevance in the methos I am going to post. I don't really use this method to often but my wife is able to make 20 pips on a daily basis with it.

 

1. Open any chart on the hourly and on mt4 go to insert>gann>gann grid then draw it from a low to a higher low

 

 

http://img689.imageshack.us/img689/9761/chart1.gif

 

 

2. Cut all the diamonds in half using the horizontal line your chart should look like the following

 

http://img62.imageshack.us/img62/9761/chart1.gif

 

 

3. Now delete the gann grid but leave the lines there and notice how the price reacts to the lines. When the line is pierced by 4 pips or more price usually finds its wayto the next line and so on

 

http://img42.imageshack.us/img42/411/chart1y.gif

[cashflow08]

Re: DirtyDan's journal

 

Thank you Dan. May I ask. How long would the Gann reaction lines be valid for? When do we need to make another one of those diamonds? And lastly how do we exactly trade it because im thinking its impossible to trade with so many s.r lines clustered together.

Please educate. Thanks bro \m/

[dirtydan]

Re: DirtyDan's journal

 

Thank you Dan. May I ask. How long would the Gann reaction lines be valid for? When do we need to make another one of those diamonds? And lastly how do we exactly trade it because im thinking its impossible to trade with so many s.r lines clustered together.

Please educate. Thanks bro \m/

 

 

Hey Cashflow The way my wife trades this as I understand is when a line is penetrated by at least 4 pips she will get in right then and there and she will take profit at 20 pips no matter what and she will place her stoploss on the 2nd bar from where she got in. The cool thing about this is that you always know what your stop loss is because it is the same all the time it just depends on how big you draw your grid. Think about it each diamond doesn't change its a grid each line is pretty much the same for example on the charts I posted from 1 line to another is 14 pips so I know 2 bars from where I got in will be 28 pips so I know that my stoploss will always be 28 pips and if I chose to stay in this trade until the next line wasn't penetrated that the risk to reward ratio was never bad and if I wanted to make the diamonds bigger so that each line could net me more pips all I would have to do is go from one low to a higher low or even grid at higher time frame. :-bd Let me know how this works out for you guys and I will get into more about fibs in my next post so until then guys have a good weekend \m/

[cashflow08]

Re: DirtyDan's journal

 

cool thanks Dan. Looking forward to next lesson on fibs :)>-

[dirtydan]

Re: DirtyDan's journal

 

Ok guys its time for another lesson and this time I am going to show you how I use fibs to make a whole lot of pips.

 

Please make sure that your fibs are set up like mine it should have -161.8%, -138.2%, 0%, 23.6%, 38.2%, 50%, 61.8%, 76.4%, 100%, 138.2% and lastly 161.8%

 

Look at the chart below and look at how I placed my fib from low to high but it really doesnt matter because the fibs will tell us where the price will go and the reason I say it doesnt matter is because once we fib a swing we are looking for a break of either the 0% or 100% only after this will we get into a trade because we will know where it is going to go. We know that when 0% or 100% is breached that it always at least hits the 138.2%

 

http://img26.imageshack.us/img26/5351/yeng.gif

 

So now that we know the price is headed up we must fib that swing from low to high. Sometimes we dont get a retrace and as soon as price pierces the 0% or 100% it will go straight to our target 1.382% fib but I only take trades that give a retrace. There are 2 reasons for that. 1. It feels safer and gives me more confidence and 2. I make a lot more money because I open 3 postions one at the 50% another at the 61.8% and the final at the 76.4%. My target for the first 2 are the 138.2% fib and the 161.8% for my last. But in the example we only got to open 2 positions 1 at the 50% and the other at the 61.8%

 

http://img696.imageshack.us/img696/8118/yen.gif

[dirtydan]

Re: DirtyDan's journal

 

What I just presented to you guys is a way to trade without indicators and to make a lot of pips but sometimes we dont even get a retrace and price goes straight to the 138.2% here are some examples

 

http://img11.imageshack.us/img11/7573/yens.gif

 

 

http://img687.imageshack.us/img687/8118/yen.gif

 

Here is a nice trade that worked out perfect

 

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