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Intra Day Yen - Naked

  • #101
  • Feb 12, 2008 3:42pm Feb 12, 2008 3:42pm
were yours looking anything like this Issy?

**edit, excuse me my first fib was backwards**
Attached Image (click to enlarge)
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trading naked.......
  • #102
  • Feb 12, 2008 3:45pm Feb 12, 2008 3:45pm
Hey there Islander.......been following Skunny's and your thread but curious as to when you are walking the fibs? Maybe I have missed something sorry if it is a bad question.......just not sure if I am in the general area code or in outter space.

Thanks
  • #103
  • Feb 12, 2008 4:15pm Feb 12, 2008 4:15pm
Thanks .!!!!!!!!!!!!!!!!!!!!!!!!!!!!!From you Ignorance
  • #104
  • Feb 12, 2008 4:24pm Feb 12, 2008 4:24pm
I like what I see and learn here so far. Keep ' em coming.

Maxwells
  • #105
  • Feb 12, 2008 5:26pm Feb 12, 2008 5:26pm
TP 1 was hit. Here's another chart.
Attached Image (click to enlarge)
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Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #106
  • Edited 11:56pm Feb 12, 2008 8:42pm | Edited 11:56pm
15 & 5, On our way to Frankie and London **edited charts**

15M DZ is sitting right on the pivot. 5M range is 86 pips, looks like 5M is finding some resistance on the daily pivot as well, but it looks as if 5M is heading up into the DZ.

as of this time (2hrs till London)........looks like UJ and Cable are heading upwards as well.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 5m gj.gif Size: 16 KB
trading naked.......
  • #107
  • Feb 13, 2008 12:01am Feb 13, 2008 12:01am
or would you use this small of a range on the 5M Issy???? seems to fit within the fib hits ok?????
Attached Image (click to enlarge)
Click to Enlarge Name: 5m gj rev2.gif Size: 16 KB
trading naked.......
  • #108
  • Feb 13, 2008 12:43am Feb 13, 2008 12:43am
14 pips on tp1.........Cable is getting ready to be close for entry as well
Attached Image (click to enlarge)
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trading naked.......
  • #109
  • Feb 13, 2008 12:52am Feb 13, 2008 12:52am
GM all - just to keep the wider picture in mind....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #110
  • Feb 13, 2008 12:58am Feb 13, 2008 12:58am
And here's my current IFib on GJ - with an earlier one too - there were other possibilities that could have got an even earlier sell off a narrower range...I hope that you guys got some pips....
Attached Image (click to enlarge)
Click to Enlarge Name: feb 13 5m 0630.gif Size: 16 KB
Trading Levels with WRBs
  • #111
  • Feb 13, 2008 1:00am Feb 13, 2008 1:00am
Issy my 5M cable bouncing in between the DZ and AL......it looks like we'll have a new 5M (GBP/JPY) fib for London open???
trading naked.......
  • #112
  • Feb 13, 2008 1:04am Feb 13, 2008 1:04am
Quoting piphitman
Issy my 5M cable bouncing in between the DZ and AL......it looks like we'll have a new 5M (GBP/JPY) fib for London open???
Thx Pip - I see it now...

Your 4 charts earlier about yesterday - you needed 1 less on the right and an earlier 1 on the left for the sell around FO....

Edit: and opportunities from your other charts too.....but I try to keep to ~80 min range where possible....
Trading Levels with WRBs
  • #113
  • Feb 13, 2008 1:04am Feb 13, 2008 1:04am
Hi folks,

I've been observing trade set-ups and results by Islander and PipHitman, and they are absolutely stunning!! I would like to ask one question: do you always get into a trade once price breaks the Hi or Lo (0, 100%)of your fib range? Does it matter which way it's going? How do you determine the probability of price proceeding to the destination rather than reverse back to the other side of the decision zone after breaking those levels?

I try to use confluences from multiple higher timeframes to get the general direction of larger cycles. But sometimes the higher timeframes would still be in the neutral zone, and thus don't really help in predicting trend or direction. I would like to hear your thoughts on this. Thank you!

Tony
  • #114
  • Feb 13, 2008 1:10am Feb 13, 2008 1:10am
Quoting galaxymom
TP 1 was hit. Here's another chart.
Thanks GM - hope that you got some pips too....
Trading Levels with WRBs
  • #115
  • Edited 1:25am Feb 13, 2008 1:13am | Edited 1:25am
Quoting tman378
Hi folks,

I've been observing trade set-ups and results by Islander and PipHitman, and they are absolutely stunning!! I would like to ask one question: do you always get into a trade once price breaks the Hi or Lo (0, 100%)of your fib range? Does it matter which way it's going? How do you determine the probability of price proceeding to the destination rather than reverse back to the other side of the decision zone after breaking those levels?

I try to use confluences from multiple higher timeframes to get the general direction of larger cycles. But sometimes the higher timeframes would still be in the neutral zone, and thus don't really help in predicting trend or direction. I would like to hear your thoughts on this. Thank you!

Tony
Issy is the Sensei I'm just a student, but the key IMO is to enter before the 0/100 for a better pippage profit. that's why it's so important to watch very very closely what happens in between and just outside the DZ lines...trend lines, higher highs, lower lows, higher lows, etc,

example right now on 5M cable price hasn't penetrated yet but, is bouncing around in between the DZ and AL I might go short on this soon, still waiting and watching though.

Edit: another thing on Cable right now on the 5M chart, the 0 line is also on the the %50 retracement fib line of the previous swing. could be tough to get through
trading naked.......
  • #116
  • Edited 1:24am Feb 13, 2008 1:23am | Edited 1:24am
Quoting tman378
Hi folks,

I've been observing trade set-ups and results by Islander and PipHitman, and they are absolutely stunning!! I would like to ask one question: do you always get into a trade once price breaks the Hi or Lo (0, 100%)of your fib range? Does it matter which way it's going? How do you determine the probability of price proceeding to the destination rather than reverse back to the other side of the decision zone after breaking those levels?

I try to use confluences from multiple higher timeframes to get the general direction of larger cycles. But sometimes the higher timeframes would still be in the neutral zone, and thus don't really help in predicting trend or direction. I would like to hear your thoughts on this. Thank you!

Tony
GM Tony - thanks for the compliment....and yes, I am watching the 15m, hence my first post as on that TF we are possibly setting up for a buy - whilst the 5m entries are short.

For me, THE most important thing is the price action in the DZ - OK, so its just the 38 % to 62% retracement zone. Here, as you'll have seen in your backtesting, is where most pull backs finish and the short term - this TF - trend resumes. Thus the lowest risk and highest reward is to take a trade on the exit from the DZ (or earlier when you've built up some real time experience) - so my entries are already well into profit as price breaks the AL line and then the H / L that the IFib was swung from.

From the 5m chart above, the Sell was at 210.05 and price ran under the prior low (at the DP line) and on down to hit T1 for a 70 pip move!

Regards

Issy
Trading Levels with WRBs
  • #117
  • Feb 13, 2008 1:37am Feb 13, 2008 1:37am
OK we're now into Frankies hour and have had some fast moves here during the past days....I've put on this 75 pip ranged fib - OK Pip its a tight one! - to watch in case we get a reversal to the upside. The heads-up here is from cable, that MAY have just put in a higher low....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: feb 13 5m 0700.gif Size: 15 KB
Trading Levels with WRBs
  • #118
  • Feb 13, 2008 1:41am Feb 13, 2008 1:41am
From what I've been seeing, we have double bottoms on the 3 pair, so I'm watching for the break out long.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #119
  • Feb 13, 2008 1:47am Feb 13, 2008 1:47am
Quoting galaxymom
From what I've been seeing, we have double bottoms on the 3 pair, so I'm watching for the break out long.
Thanks GM - I see that UJs last low was only 6 pips under its low 4 hours earlier - and now its led the bounce....IF GJ can pull back into the latest DZ (gold) and then exit upwards I'll be buying....

Edit: if the rally continues without that pull back I'll buy the break above the 210 level....watch UJ. its at its DP of 107.22...
Trading Levels with WRBs
  • #120
  • Feb 13, 2008 1:50am Feb 13, 2008 1:50am
Quoting Islander
Thanks GM - I see that UJs last low was only 6 pips under its low 4 hours earlier - and now its led the bounce....IF GJ can pull back into the latest DZ (gold) and then exit upwards I'll be buying....
Yeah, I haven't gotten comfortable with the 15 min tf, yet, so I'm watching it from the H1.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
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