I went brave and opened a second lot on the slight pullback to the trigger line. The TP is based on the last two confirmed dot fibo with a target of -61.8 or approx 90 pips.
Lets hope we all win on this one 
hi,
i was in too. i closed with 10 profit i dont feel confortable with 15 min, so i go for fast profit. At the min5 chart the sell signal using fractals and stochastic apears first, so i closed this +15 and with this last +9,5 is enought for me.
if i have time, i will post my charts and my system this night. ^^
Thanks for the thorough response Sandybeach
ok iāl use the ZZ dots from before 9 if they havent been broken
do you even use ZZ dots from the asain session if there isnt dots from the 2 hours prior 9 London session?
Point is: lots of people now making money with this system. Excellent! 
Hey blizzard,
My setup does not look like yours. You have more red/blue dots. What is your Swing ZZ set on?
After following this thread for some time I think I can say that we are all trading slightly different variants of the same system. I believe we have 3 techniques to trade this system all of which I think make money.
They are:
- Original scalping system by Blizard
Scalping by definition is fast in and fast out, making quick profits from frequent intra day trades. Blizardās original post uses swing ZZ and a technique of joining the dots on a low timeframe such as M1 to show entry points to scalp a quick TP of around 5-7 pips. By using this technique all day you can amass a nice quantity of pips. This system works but is hard work, constant monitoring of the charts is time consuming and requires strong discipline and good concentration. Blizard claimed he made around 15-20 pips per day out of this method.
- Entry by Fibonacci by Blizard
This is essentially the same as 1. but using a retracement of the price into the fib area of around 76.4. This method can get you into a deal either earlier and/or simply reducing the risk as you are entering nearer your SL. This system appears to work as well and can reduce risk which is a good thing. However not all entries work out if they are taken before the official signal line break as in method 1. TP seems discretionary.
- Entry by Signal and Exit by Fibonacci by Blizard
Blizard said in a post a while back that he used a profit target of 1.618 from a fibo drawn from the last two confirmed dots. It is this method I have embraced because of its simplicity. Entering on confirmed line break signals and on higher time frames which I find results in less false signals. Exiting on pre defined fib targets is set and forget, or exit on a new signal in opposite direction which requires monitoring. Some people may find high TP targets un-achievable and only time will tell if they are right or wrong.
I hope this summarises what has been happening in this thread. Of course all comments are sincerely welcome so we can define exactly what we are trying to achieve here together. If it all comes together then this is a very powerful system.
Hello madmkiv, you are correct. I dont usually sat in long enough to reach the 161% extension but usually the first pull back of the EUR session will his this target and often the 261%. Todays trade here you see it hit its 261% target. I find this occurs with the very first fibb pull back during the EUR session.
thanks
Here you see the 2nd pull back hit the 161% to the pip. Its really nice being able to identify what caused a bounce off of a certain level. I was blind and now i can see.
thanks
OK, we will be having our fist webinar at 2am EST for the EUR session tommorow morning. Here is the info:
Please register for Forex Breakout / Fib Pullback on 6/7/12 11:00 PM at:
Hello, the first live trading webinar for the system traded on a live account during the EUR Session starting at 2am EST (New York)
After registering, you will receive a confirmation email containing information about joining the webinar.
Brought to you by GoToWebinarĀ®
Webinars Made EasyĀ®
thanks
Hi Blizard,
Great idea! Unfortunately I am unable to make it but would you be able to record the meeting and upload it for those of us who arenāt able to make the webinar?
im not able 2 
if you could record itā¦ it will be nice.
well, the trend has changed, get 15 pips on a bullish breakout on 5min chart. i hope it will change again and you could make your 90 pips^^.
Blizard,
You said post fib on the last two confirmed dots. Do you keep moving the fib to every new set of confirmed dots? How do you know what is a good starting 0-100 set of dots? I noticed where you placed yours and mine was not in the same place therefore the 61-76 did not apply to my setup. Please help so I get my setups correct.
Thanks so much!
David
I guess if you were uber brave you would enter another short sell here at 76.4 to add to my existing open sell orders!
Thanks Blizard its much appreciated, should be able to attend for the second hour at least.
Awesome! This should be interesting.
Ok, so Iām a long time thread follower. I have to admit, this system works. Here is a chart of crude oil that I used this strategy for. Using the OTE entry, I was able to get in at precisely at the top of the wick (I got in at 25 but I use MT4 for charts so it only shows 24). There is something to this system. I have to say that we need better filters. Loving it so far. This system fits my trader profile. It is now how I view the market and what I wait for. Blizzard, indeed, you have helped at least one person. Thank you.
PLEASE RECORD IT!! I am sleeping at 2 am and would be more than happy to start updating this thread with Crude Oil Trades.
Goddpunk6, that makes it all worth while. Ill try to record this for you guys. Im new to gotomeeting, is it possible to record just when setups occure? Not sure i want to waste your time with a 3 hour video.
thanks
I exit at +10 pips, now this sell would be at +84 pipsā¦ I think i will start tratding the 15 min timeframe with higher tpā¦^^
well, as i said i post my trading system there. i was trading this strategy for a month, with good profits when the last week i came across with this thread. My system is more primitive and rude than the Blizard one, so dont think it is comparable, i post it there just to give new ideas and share diferent ways to trade similar systems, and try to improve it. Also i use 2 indicators that can be used or adapted to blizards system.
I trade it on eurusd at 5min timeframe.
Indicators:
-Stochastic 5,3,3 (default setings)
-Fractals
-Heiken Ashi
Rules:
-wait for a breakout on the line between the last 2 confirmed fractals. The fractal is confirmed when new one apears on the oposite side.
to confirm the signal:
-There must be a Heiken Ashi bullish bar if we are looking for a buy, or bearsih bar if we are looking for a sell.
-Stochastic must be rising (bullish breakout), or falling (bearish breakout). Also i dont use to buy when the stochastic is at oversold zone(below lvl 30) , or sell on overbought (above lvl70).
i exit at +10 or +20 if after a large trend breakout. i put stop lose 2 pips below/above the last fractal. Minium 7 stop lose, max 20, if the last fractal is too far i look for the last candle hight/low witch is between 7-20 stop lose.
Well, thats all, its really simple strategy.
the best way to show it works is using the yestarday chart. However i have to say that yestarday was a good day for my system.
today-yestarday trades:
I know its easy to say now, that it is doneā¦ trading live its a diferent world, but at least this strategy has a good potential.
100 pips profit using 10 pips tp, 100% wins, not bad ^^, so now im trading this + blizard strategy, adding lots when there is a double signal, trailing the tp when a new signal appears, or just getting more trades.
Now im looking for an optimal settings for bollinguer bands. Im trying it with your fibbo retracements, and i think it can be other useful tool to add in our arsenal.
here the same chart with 2bollinger bands, , waiting until the dot touch the bb and looking for a stochastic reverse signal to enter the trade, and 15-25 tp. i think that it can help too to place tp and stpl.
i know, its not easy to understand :), but it gives 13 wins, 1 lose, 92% wins, about 200 pipsā¦ but im still testing it, if i have enought time, i will post improvement and live trades.
i wish you good luck and happy trading
