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Intra Day Yen - Naked

  • #81
  • Feb 12, 2008 8:08am Feb 12, 2008 8:08am
For those - like me - who were not around to catch the earlier Buy, here's a narrower range set of IFibs, taking in the latest high and giving an entry on the bounce off the dashed red line the Daily R 1 line...here, the salmon T1 will cover the yellow fibs T2...

Edit: - ah, my salmon T1 line is actually blue, as its also my Chin Alert alarm line - I'm trying to economise with lines!!
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Trading Levels with WRBs
  • #82
  • Feb 12, 2008 8:11am Feb 12, 2008 8:11am
Quoting howard
Hi Islander

Is the shaded box in the DZ area plotted by the indicator on your chart or do you place it manually? It comes very handy
Howard - its the standard rectangle from the shapes menu - I just walk it with the fibs - nothing too fancy here!
Trading Levels with WRBs
  • #83
  • Edited 9:07am Feb 12, 2008 8:40am | Edited 9:07am
Yellow T2 hit for > 110 pips - that should not be a surprise if you were also watching cable, which also hit its T2 which was 1 pip under its 9600 level.

I have UJ pulled back to its 50% level and it needs to bounce if the salmon/blue T1 at 210.30 is to be hit, as cable can be expected to have some pull back after its 108 pip rally.

Remember to protect any unrealised, profitable pips as this swing in GJ is now 240 pips.....

Edit: UJ did bounce off its 50% retrace and cable has had a pop above its 600 level - result salmon T2 hit for another 100 pip move....
Trading Levels with WRBs
  • #84
  • Feb 12, 2008 9:04am Feb 12, 2008 9:04am
Dear Master,

Is my homework correct
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  • #85
  • Edited 9:42am Feb 12, 2008 9:30am | Edited 9:42am
Quoting crashout
Dear Master,

Is my homework correct
Well that would depend on the time when you actually drew that fib.

If it was within a few candles of the 207.80 Low - after the fall - its fine.......BUT IF you put it on much later, after the doji high candle to 209.48, above your 209.30 high, then why not use that candle (as I did a little later for my salmon fibs) as it will get you thinking of a buy in the pull back after the rally...

In this case, there was not a lot of difference, but I believe in walking the fibs as soon as new highs / lows are made as I'm always looking for the next entry....

Either way, I hope you made some good pips.....http://www.forexfactory.com/images/icons/dollar.gif

Edit: LOL - I'm Islander or Issy - just a fellow student, sharing ideas...
Trading Levels with WRBs
  • #86
  • Feb 12, 2008 9:49am Feb 12, 2008 9:49am
Don't worry, i'm noob in all this drawing tools, but not noob on trading, take the up from 208.70, for another day @ + 100 pips.

Hope you you too make good pips
  • #87
  • Feb 12, 2008 9:59am Feb 12, 2008 9:59am
This rally since the low just after LO GJ is now 275 pips - that's 85 more than the average range for this session, so I wonder when it will start pulling back.

I've walked the latest Gold IFib to the last swing of 104 pips, just in case 210.54 holds as the high - if it goes higher, I'll just reset the top line...it has its R2 level at 210.68 above and then the 211 level....T3 for the Yellow and then for the Salmon IFibs - IF hit, that would be some move....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #88
  • Feb 12, 2008 10:03am Feb 12, 2008 10:03am
Quoting crashout
Don't worry, i'm noob in all this drawing tools, but not noob on trading, take the up from 208.70, for another day @ + 100 pips.

Hope you you too make good pips
Great, I've been long, then short twice, then long again.......dammed sideways markets really make us work to get and keep pips in our banks....
Trading Levels with WRBs
  • #89
  • Feb 12, 2008 10:15am Feb 12, 2008 10:15am
R3 @ 211.02

Do we have enough strength ?

That is the question
  • #90
  • Feb 12, 2008 10:30am Feb 12, 2008 10:30am
Quoting Islander
LOL Sizz - hope you're keeping your pips warm! - just hang in here when you want some more......

Issy,

I know right? are you basically just grabbing all the pips? Can you share? sheesh. Little do you know, I have full Ifibs set up rocking over here on 4 accounts with 8 screens!

what have you racked up like 14000 pips in the last two weeks?
Your bank account must read like the atr of the fx market

I have been holding my own in fibs lately right now I am long until 211.50 on gepster and basically have been tracking the movement and positioning off of 5 min fibs and am just really short on yen.

Actually though, I would really like to know your Stats with IFIBS and you too Piphitman. you guys are KILLING it seems. I hear 19 for 20 with a MPP of 1500? for a week? not tooo shabby, in fact brilliant. uh I changed my mind I want royalties..4000 EUR a week should cover me or at least my bar tab. LOL


Sizz.
  • #91
  • Feb 12, 2008 10:37am Feb 12, 2008 10:37am
Quoting sizzler
Issy,

I know right? are you basically just grabbing all the pips? Can you share? sheesh. Little do you know, I have full Ifibs set up rocking over here on 4 accounts with 8 screens!

what have you racked up like 14000 pips in the last two weeks?
Your bank account must read like the atr of the fx market

I have been holding my own in fibs lately right now I am long until 211.50 on gepster and basically have been tracking the movement and positioning off of 5 min fibs and am just really short on yen.

Actually though, I would really like to know your Stats with IFIBS and you too Piphitman. you guys are KILLING it seems. I hear 19 for 20 with a MPP of 1500? for a week? not tooo shabby, in fact brilliant. uh I changed my mind I want royalties..4000 EUR a week should cover me or at least my bar tab. LOL


Sizz.
Hi Sizz - yep, its going well, this walking the fibs stuff.....even in the chop of the last few days it will help you into safe trades.....remember, I only quote "potential pips" - i.e. the gross length of the swing as its just a guide and easy to measure, so you must allow for slippage, spread etc - but the end result so far is plenty of consistant trades and pips in the bank.....http://www.forexfactory.com/images/icons/icon10.gif
Trading Levels with WRBs
  • #92
  • Feb 12, 2008 10:47am Feb 12, 2008 10:47am
Quoting dagoods
WHAT!!!! YOU MEAN THERE AREN'T ANY
SUPER DUPER INDICATORS !!!!

JUST FIBS!!!!!!! MOLEY COW!!!!

WHAT KIND OF "SYSTEM" IS THIS!????

Couldn't resist, could you? Did you hurt yourself, bet you are still chuckling, today.
  • #93
  • Feb 12, 2008 10:51am Feb 12, 2008 10:51am
Quoting crashout
R3 @ 211.02

Do we have enough strength ?

That is the question
Well it has been one of those steady, creeping afternoons for us Europeans - salmon T3 just hit at 210.95 - I'm done trading for today - No 2 Daughter's just arrived back from Brussels, so I need to play catch up over a beer...BIB
Trading Levels with WRBs
  • #94
  • Feb 12, 2008 11:16am Feb 12, 2008 11:16am
Holy Toledo........I go to sleep for a few hrs and I wake up to find my "little blue" 5M DZ area from 7 hrs ago has blown up big time...........just look at all those I-fibs that were there to be had........had a feeling NY would be profitable. Like Skunny said once "the market goes up, then down, then up, then down, then up....." Great job Issy.
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trading naked.......
  • #95
  • Feb 12, 2008 12:23pm Feb 12, 2008 12:23pm
Quoting piphitman
Holy Toledo........I go to sleep for a few hrs and I wake up to find my "little blue" 5M DZ area from 7 hrs ago has blown up big time...........just look at all those I-fibs that were there to be had........had a feeling NY would be profitable. Like Skunny said once "the market goes up, then down, then up, then down, then up....." Great job Issy.
Cool - go to bed and wake up with more pips in your bank.....WTG....http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #96
  • Feb 12, 2008 1:05pm Feb 12, 2008 1:05pm
Maybe we should add TP4 to the IFIB Islander? Also we can point out all levels that are needed that will be very usefull for new people and not.
  • #97
  • Feb 12, 2008 1:45pm Feb 12, 2008 1:45pm
One Questions,who are you setting the Fibs from the DZ Area? From the previus day high low?The DZ area is 38.2%, 50 %, 61,8%,its ok?
Thanks,and best regards
  • #98
  • Feb 12, 2008 2:14pm Feb 12, 2008 2:14pm
Quoting November
One Questions,who are you setting the Fibs from the DZ Area? From the previus day high low?The DZ area is 38.2%, 50 %, 61,8%,its ok?
Thanks,and best regards
The Decision Zone is from the 38.2% line to the 61.8% line, yes. The high/low of the fibs is set at areas of support & resistance (swing highs, swing lows, double tops/bottoms, etc.). Price should play of off the inner levels of the fibs (38.2, 50, 61.8) nicely...if it doesn't, try readjusting your fib to another S/R point. Does that answer your questions November?
  • #99
  • Feb 12, 2008 2:19pm Feb 12, 2008 2:19pm
Quoting November
One Questions,who are you setting the Fibs from the DZ Area? From the previus day high low?The DZ area is 38.2%, 50 %, 61,8%,its ok?
Thanks,and best regards
Please do your homework on Skunny's thread and you will find the answers there...
Trading Levels with WRBs
  • #100
  • Feb 12, 2008 2:36pm Feb 12, 2008 2:36pm
here's my last post for today.....the alternative is to use the 207.81 low - but I'd rather use that on the 15m....I'll look again before FO....

PS from my posts I see we had 4 tradeable IFib moves today for potentials of 50, 70, 8 and 190 pips.....http://www.forexfactory.com/images/icons/icon7.gif
Attached Image (click to enlarge)
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Trading Levels with WRBs
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