RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT

Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor
an offer to Buy/Sell any financial market.
The contents of this material are for general information and educational purposes only [contents shall also mean
the website http://www.elliottwavedna.com or any website (the sites) the content is hosted on, and any email
correspondence or newsletters or postings related to such website]. Every effort has been made to accurately
represent this product and its potential. There is no guarantee that you will earn any money using the techniques,
ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or
guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and
techniques. We do not purport this to be a get rich scheme.
Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to
its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes
only and should not be construed as investment advice or strategy.
No representation is being made that any account or trader will or is likely to achieve profits or losses similar to
those discussed in this report or on http://www.elliottwavedna.com or on the sites. Past performance is not
indicative of future results.
By purchasing any content, subscribing to our mailing list or using the website or contents of the website or
materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear
also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be
read here with. So too, all the materials contained within this course, including this manual, whether they appear
on our domain(s) or are in physical form, are protected by copyright. "Warning: The unauthorized reproduction or
distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without
monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all
our rights in this regard.
Alaziac Trading CC, in association with http://www.elliottwavedna.com, the sites, content, and its representatives
do not and cannot give investment advice or invite customers or readers to engage in investments through this
course or any part of it.
The information provided in this content is not intended for distribution to, or use by any person or entity in any
jurisdiction or country where such distribution or use would be contrary to law or regulation or which would
subject us to any registration requirement within such jurisdiction or country.
Hypothetical performance results have many inherent limitations, some of which are mentioned below. No
representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
In fact, there are frequently sharp differences between hypothetical performance results and actual results
subsequently achieved by any particular trading program and method.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of
hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can
completely account for the impact of financial risk in actual trading.
For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the
trading losses are material points that can also adversely affect trading results. There are numerous other factors
related to the market in general or to the implementation of any specific trading program, which cannot be fully
accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual
trading results.
We reserve the right to change the set terms and conditions without notice. You can check for updates to this
disclaimer at any time by visiting http://www.elliottwavedna.com
Governing law: this policy and the use of this report / course / DVDs / eBook, provided in any form, and any
content on the website are governed by the laws of the Republic of South Africa. Further details on this are found
under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as
set out on our site before using any of the materials. Your use and reliance on the materials is based on your
acceptance of such Terms and Conditions and policies as appear on the site.
Nicola Delic Fib Cash Compass

Welcome to
Fib Cash Compass

In this special report you will learn how to trade one of my most powerful
trading systems. This is a system that I developed and traded on a wide
variety of accounts and it has proven to be a genuinely profitable trading
system capable of delivering spectacular returns.

I call it the Fib Cash Compass because firstly, it is based on Fibonacci

Retracements and secondly, just like a compass in the real world, it can
point you in the direction of profitable trades when trading the markets.
Before I show you how it works, let me give you a brief background on
this system and how it came to be one of my best kept trading secrets.

As with all trading methods, you will need to get familiar with the set of
indicators we will be using to trade the Fib Cash Compass system. But
before we get into that, theres a couple of things you need to know about
the general workings of the system. For instance, youll be glad to know
that it can be traded across all currency pairs and timeframes. Theres no
need to make any adjustment to the indicator settings as they have been
designed to work out of the box irrespective of what youre trading.

The system indicators are programmed to work exclusively with the

MetaTrader 4 (MT4) trading platform. This platform is available at nearly
all Forex brokers today so if youre using a different platform, please
check with your broker to see if this platform is available for you to
download on their website. If you do not have the MT4 trading platform,
you can download it and create a free demo account by visiting the
following link: http://www.metatrader4.com

Since the system indicators were created and developed by me, you will
not find them installed on your trading platform by default or available for
download anywhere else on the web. In order to install the system
indicators on your trading platform, simply refer to the installation video
that can be found on the download page on my website.

www.elliottwavedna.com 3
Nicola Delic Fib Cash Compass

System Components
The Fib Cash Compass trading system uses two custom indicators that I
personally developed. The first indicator is called the FIBCC1. On the
following image you can see this indicator:

At first glance, this indicator may look similar to the MACD indicator but
thats where the similarity ends. This is a dynamic histogram oscillator
that will help you identify Overbought and Oversold levels based on the
current price action on any given currency pair or timeframe at any given
time.

The blue and red bars are the Histogram bars and the Yellow line is called
the Signal line. Together, these components on the indicator will notify us
when price is about to leave an Overbought or Oversold area and begin to
trend in a particular direction.

The Overbought or Oversold areas are identified by the grey, dashed

horizontal lines running across the upper (Overbought) and lower
(Oversold) portions of the indicator. These levels are unique in that they
are not fixed levels but instead they are determined by the current price
action and will never be at the same level on two different charts. Thats
just one of the features that makes this indicator truly unique.

In an Overbought scenario, this occurs when the Signal line is above the
upper grey, dashed line and a Histogram bars goes on to close below the
Signal line. While in an Oversold scenario, this occurs when the Signal line
is below the lower grey, dashed line and a Histogram bars goes on to
close above the Signal line.

Armed with this useful information, we can refer to the next indicator to
pinpoint a precise entry point.

www.elliottwavedna.com 4
Nicola Delic Fib Cash Compass

The next indicator we refer to is called the FIBCC2 indicator and as the
name suggests, it is based on Fibonacci Retracements. On the following
image you can see exactly what this unique indicator looks like:

Unlike traditional Fibonacci Retracement levels, you do not need to draw

the levels on your charts. All the Fibonacci levels we will be referring to
will be drawn on your charts automatically irrespective of which currency
pair or which timeframe you are trading.

As you can see on the image above, this indicator identifies the start of
the trading period based on the timeframe youre trading and draws the
Fibonacci ratios using the extreme Highs and Lows of that particular
period. In essence, Fibonacci ratios are drawn across all of the trading
action contained within these extreme High and Low levels. This is
important because these levels are used for identifying trade entries.

On the right hand side of the indicator you can see the number of pips the
Fibonacci level is away from the current price and the Fibonacci
Retracement level percentage displayed in Red.

When price moves and goes on to close either above or below one of
these levels we can consider entering the market with a trade a Buy or
Sell trade respectively.

Of course, we do require confirmation from the FIBCC1 indicator before

we may consider entering the market with any trades. In the next
chapter, I will show you the rules for identifying valid Buy and Sell trades.

www.elliottwavedna.com 5
Nicola Delic Fib Cash Compass

Buy and Sell Trade Rules

Here are the rules for identifying and entering Buy trades using the Fib
Cash Compass followed by a few examples to help you grasp the rules. All
conditions must be met before any trades may be considered.

Buy Trade Rules

1. The FIBCC1 Signal Line must be below the Oversold line with the
Histogram bars forming below the Signal Line.
2. Wait for the FIBCC1 Histogram bar to cross and close above the
FIBCC1 Signal Line.
3. The candle on the price chart must cross and close above a
Fibonacci level.
4. If all of the above conditions have been met, proceed to enter the
market with a Buy trade at the open of the new candle.
5. Place your Stop Loss below the most recent Fibonacci level or below
the most recent Swing Low.
6. Place your Take Profit at the next Fibonacci level or the same
number of pips away from your entry as your Stop Loss (1:1
Risk/Reward Ratio).

The rules for identifying and entering Sell trades using the Fib Cash
Compass is simply the reverse of the Buy trades.

Sell Trade Rules

1. The FIBCC1 Signal Line must be above the Overbought line with the
Histogram bars forming above the Signal Line.
2. Wait for the FIBCC1 Histogram bar to cross and close below the
FIBCC1 Signal Line.
3. The candle on the price chart must cross and close below a
Fibonacci level.
4. If all of the above conditions have been met, proceed to enter the
market with a Sell trade at the open of the new candle.
5. Place your Stop Loss above the most recent Fibonacci level or above
the most recent Swing High.
6. Place your Take Profit at the next Fibonacci level or the same
number of pips away from your entry as your Stop Loss (1:1
Risk/Reward Ratio).

www.elliottwavedna.com 6
Nicola Delic Fib Cash Compass

Buy Trade Example

Lets start by taking a look at a Buy trade. On the image below you can
see that at Point 1 we have the FIBCC1 Histogram and Signal Line both
below the Oversold line.

At Point 2 the FIBCC1 Histogram has crossed and closed above the Signal
Line so we check the price chart and at Point 3 we can confirm that the
candle has gone on to close above the 61.8% Fibonacci level.

At this point, the criteria for a Buy trade have been met so we may enter
the market with a trade at the open of the next candle at Point 4. Our
Stop Loss is inserted below the most recent Fibonacci level (76.4%) at
Point 5 and our Take Profit is set at the next Fibonacci level (50%) at
Point 6. Within a few candles, price goes on to hit our Take Profit at Point
6 resulting in a profitable trade.

www.elliottwavedna.com 7
Nicola Delic Fib Cash Compass

Sell Trade Example

Next lets take a look at a Sell trade. On the image below you can see
that at Point 1 we have the FIBCC1 Histogram and Signal Line both above
the Overbought line.

At Point 2 the
FIBCC1 Histogram
has crossed and
closed below the
Signal Line so we
check the price
chart immediately
and at Point 3 we
can confirm that
the candle has
gone on to close
below the 38.2%
Fibonacci level.

At this point, the

criteria for a Sell
trade have been
met so we may
enter the market
with a trade at the
open of the next
candle at Point 4.
Our Stop Loss is
inserted above the
most recent
Fibonacci level
(23.6%) at Point 5
and because price
was too close to the next Fibonacci level upon entry, our Take Profit is set
at the same number of pips away from our entry as our Stop Loss at Point
6. As you can see, within a few candles, price goes on to hit our Take
Profit at Point 6 resulting in another profitable trade.

www.elliottwavedna.com 8
Nicola Delic Fib Cash Compass

Buy Trade Example

On the image below you can see that at Point 1 we have the FIBCC1
Histogram and Signal Line below the Oversold line.

At Point 2 the FIBCC1

Histogram has crossed
and closed above the
Signal Line so we check
the price chart right
away. At Point 3 we can
confirm that the candle
has closed above the
23.6% Fibonacci level.

At this point, the criteria

for a Buy trade have
been met so enter the
market with a trade at
the open of the next
candle at Point 4. Note
that our entry is too
close to the next
Fibonacci level, this
means we may need to
use the most Swing Low
as a Stop Loss instead.

So in this example our

Stop Loss is inserted
below the most recent
Swing Low at Point 5 and our Take Profit is set the same number of pips
as our Stop Loss from the entry at Point 6. In this particular trade you will
find that our Take Profit set at 1:1 Risk/Reward Ratio was pretty close to
the 50% Fibonacci level and this could have also been considered as a
potential target for this trade.

All the same, price moves upwards and hits our Take Profit at Point 6
resulting in a profitable Buy trade.

www.elliottwavedna.com 9
Nicola Delic Fib Cash Compass

Sell Trade Example

Lets take a look at another Sell trade. On the image below you can see
that at Point 1 we have the FIBCC1 Histogram and Signal Line both
trading above the Overbought line.

At Point 2 the FIBCC1 Histogram has crossed and closed below the Signal
Line so once again, we check the price chart to see if the candle has
closed below a Fibonnaci level. At Point 3 we can confirm that the candle
has closed below the 76.4% Fibonacci level.

At this point, all the criteria for a Sell trade have been met so we may
enter the market with a trade at the open of the next candle at Point 4. In
this example, our Stop Loss is inserted above the most recent Swing High
at Point 5 and because price was too close to the next Fibonacci level
upon entry, our Take Profit is set at the same number of pips away from
our entry as our Stop Loss at Point 6.

Within a few candles, price goes on to hit our Take Profit at Point 6
resulting in another profitable Sell trade.

www.elliottwavedna.com 10
Nicola Delic Fib Cash Compass

Trading Tips
Making money constantly in the market requires a good trading system
and iron discipline. You know have a solid trading system so you really
need to pay attention to the useful tips Im going to share with you here
to ensure you get the most out of your trading activities.

Tip #1 Define Your Trading Style

You need to define your trading style based on yourself. We have two
important trading style types: Day Trader and Swing Trader. Day Trading
is a fast trading style where you open and close a few positions every day
while Swing Trading is a slightly slower style where you open and hold
positions from a few hours to a few days. I cant say which of these
trading styles is better since I trade both and find them to be profitable,
but I can suggest that if you have a day job go with Swing Trading since
youll get time to trade and still make some profit, and pick Day Trading if
you have 3-4 hours per day to spend in front of your screen.

Tip #2 Select Timeframes

My Fib Cash Compass strategy will work on any timeframe, but you
should select the timeframe that best suits your trading style. For Day
Traders try to pick the 5 minute or 15 minute timeframe as your default
timeframe. If you are a Swing Trader pick between the 1 hour and 4 hour
charts. These time frames give me the best results so far and after you
select your timeframe try to watch it and trade only on that timeframe.
Dont keep switching from timeframe to timeframe.

Tip #3 Always Control Risk

Most traders lose money due to bad money management and I want you
to be different. I want you to use risk management like a professional
trader. Every trade that you take needs to have the same risk value and I
strongly suggest that you risk 1%-3% of your account balance on your
trades. For all traders with account sizes above $10,000 I would suggest
to risk 1%-2% of your account balance on any single trade. For traders
that have accounts below $10,000 risk between 2%-3% of your account

www.elliottwavedna.com 11
Nicola Delic Fib Cash Compass

balance on any single trade. In my own day to day trading, I trade on

accounts that are larger than $10,000 so all my positions are always 1%
risk, there are no exceptions.

Having defined risk may seem like we are limiting our profit potential, but
at the same time we are limiting the probability of wiping out our entire
trading account with one bad trade!

Tip #4 Limit Your Trading

We need to protect ourselves from over trading, this usually seems like
something everyone ignores but how many times have you made a nice
profit trading at the start of a day and returned everything to the market
on the same or next day?

Yes this happens to more or less everyone so try to have a daily limit for
the number of positions you are going to open in a single day. This tip is
mainly for Day Traders and if you are one of them try to limit your trading
to no more than 3-4 trades per day and after that, step outside and do
something not related to trading. Go work out at the gym, spend time
with the family or go and have coffee with friends, go and do whatever
you want just dont trade!

It doesnt matter if you are in profit or loss at the end of the day, if you
are in profit thats great! You will just protect yourself from returning your
profit back to the broker. If you ended the day with a loss you will protect
yourself from trying to recover those losses faster and that usually ends
up going completely wrong!

Tip #5 Be A Selective Trader

You wont always get the same amount of profit for each trade that you
see on your charts so you need to be selective and trade only signals that
can make you the most profit. To make it simple, we are going to define
the minimum Risk To Reward that you need to follow, and that only
means how much money you are risking on each trade which is
equivalent to the profit you earn on each trade. I would suggest that you
use a minimum Risk To Reward Ratio of 1:1. This means that if you risk
$100 you are standing to make $100. An ideal Risk To Reward Ratio

www.elliottwavedna.com 12
Nicola Delic Fib Cash Compass

would be 1:2 which means that on a trade with a $100 risk you stand to
make $200 if the trade is profitable.

Tip #6 Keep A Trading Journal

A trading journal might sound boring to most traders and it was the same
for me too but it is only after I started mine that I truly became a
successful trader. I keeping adding to my journal every day.

Now, the best and easiest way to start a trading journal will be to open a
Notepad file and start documenting your trades. It does not need to be
fancy at all, you can document your trades by writing them in this format:

Pair Time Frame Buy/Sell R:R Reason

For Example:

EURUSD 15MIN BUY 1:3 RR FIBCC BUY SIGNAL

Your trading journal is your Holy Grail strategy!

Each week youll have trades that you can analyze and see what worked
and what didnt work. By analyzing your trades you can tweak your
strategy and trade only setups that work.

For example, if you have the most winning trades on the EURUSD 5 min
chart when entered the market with Buy trades, you will focus on only
trading the EURUSD on the 5 min chart when you find Buy trades.

Follow these tips and you will be on your way to trading successfully!

www.elliottwavedna.com 13
Nicola Delic Fib Cash Compass

Conclusion
In closing, I would like to share a few more powerful tips that will help
you get the most out of trading the Fib Cash Compass system and give
you the very best results.

Like mentioned, the system can be applied to all timeframes and currency
pairs with equal success but I personally prefer to trade it on the following
pairs as they tend to perform the best for me.

It might be different for you and thats alright but Im sure youre curious
to know the pairs that I trade so here they are: EURUSD, GBPUSD,
USDCHF, USDJPY, AUDUSD, USDCAD, EURJPY and GBPJPY.

Tighten your Stop Losses around High Impact News Releases or avoid
trading at least 15 minutes before and after these events.

I have also found that the best results can be achieved on the H1 and H4
timeframes as there are fewer whipsaws and the moves are much larger.
Just remember to change the DrawPeriod setting on the FIBCC2 indicator
to accommodate the larger timeframes.

By default it is set to 1440 to cover the trading activity in a single day. If

you are trading the 1 hour or higher timeframe you can set it to 10080 to
cover the trading activity in a week and so on and so forth. If you prefer
to trade lower timeframes like the 5 minute and 15 minute timeframes,
there is no need to make any adjustments to the settings at all.

This system has served me very well and I know that you will enjoy
trading it too. If you can follow the rules and these simple guidelines you
are well on your way to success as a trader.

I wish you the very best in all your trading endeavors.

www.elliottwavedna.com 14