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Intra Day Yen - Naked

  • #261
  • Feb 14, 2008 6:10am Feb 14, 2008 6:10am
Quoting Islander
Well where is there a Sell Signal from the IFibs.....OK, so GJ has almost hit the Jan 30th high of 213.69 - and has the Jan 25th high above at 214.04 - but the last I posted was a long entry off the 213 level.....still active with a locked in profit.

For me the bull move has yet to tell me that its finished......

hi islander... i think u answered your own question.... my studies on vhands show me that u cant fib through tough resistance....well sometimes u can.... but... its not the best place to take a trade IMO.... sell fib is dagoods skunny style and not an Ifib.... but i think you have

sell fibs at this point...even the way u do them..... no?

going down to 212.93 at least i'd say


PS resistance in the form of MONTHLY pivot 200 ema previous s/r like u pointed out.... very tough to push stragiht through
Attached Image (click to enlarge)
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  • #262
  • Feb 14, 2008 6:10am Feb 14, 2008 6:10am
Quoting howard
15 min chart GU
Thanks Howard - that'll work...on the 5m I now see a lower high - it will probably chop into the US data and the BBs talk time....BIB
Trading Levels with WRBs
  • #263
  • Feb 14, 2008 6:14am Feb 14, 2008 6:14am
Quoting dagoods
hi islander... i think u answered your own question.... my studies on vhands show me that u cant fib through tough resistance....well sometimes u can.... but... its not the best place to take a trade IMO.... sell fib is dagoods skunny style and not an Ifib.... but i think you have

sell fibs at this point...even the way u do them..... no?

212.93 at least i'd say
If I swing a narrow ranged fib from the high to 213 - then yes, that would indicate a sell - but I prefer to wait - got plenty of pips in the bank from earlier and I'm now flat - time for lunch...bib
Trading Levels with WRBs
  • #264
  • Edited 7:27am Feb 14, 2008 7:22am | Edited 7:27am
Hi all

History repeated hitself...Same as yesterday, i'll buy (depending on price action due to bernanke and news) at breakout to both targets from the 15m and 5 m. What do you guys think?

Maxwells

Happy piping for all

to piphitman: i m not buying my first leg at retracement, im doing it at breakout THEN I'll add at retracement.
Attached Image (click to enlarge)
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  • #265
  • Feb 14, 2008 7:44am Feb 14, 2008 7:44am
Hi Maxwells - I think you know by now that I dont enter on breakouts - I've been burnt too many times doing that, so now I only enter on action around the DZ.

That way if its a false breakout, I'm already in profit and can close out without any loss - and usually with a small profit....

Good luck with whatever YOU decide to do....

Edit: just look at the action on cable to see what I mean......there the breakout to new highs stalled after 9 pips and has now pulled back 26 pips......the buy out of the DZ 55 mins earlier at 9683 gave you a potential 44 pips gross profit....go figure...
Trading Levels with WRBs
  • #266
  • Feb 14, 2008 8:28am Feb 14, 2008 8:28am
Thanks Iskander for great thread!

 My little toy (maybe its exists already):

 This indicator draw DZ box by fibo values.

 For setup:
 Set indicator variable “Fib_name” to Fibo name which you want to draw DZ box,
 e.g “Fibo 9952”.

In my picture Fibo name is "iFib_1" and indicator variable "Fib_name" is set same: "iFib_1". If you move your fibo, then DZ box moves automatically.
Attached Image (click to enlarge)
Click to Enlarge Name: DZ_box.png Size: 27 KB
Attached File(s)
File Type: mq4 DZ box 0.0.mq4   2 KB | 500 downloads
  • #267
  • Feb 14, 2008 8:37am Feb 14, 2008 8:37am
The entry out of the DZ mentioned in # 202 finally got to T3 at 213.68 and has had a spike to a new high of 213.90 - up 145 pips.

See how the break to the new high was 39 pips into a doji high candle - the pull back to date is 54 pips and counting.....mm anyone for a fakeout? - TWT
Trading Levels with WRBs
  • #268
  • Feb 14, 2008 8:42am Feb 14, 2008 8:42am
here's the update......

EEdit: remember Ben B and his gang are testifying in 15m - IMO its time to be cautious...
Attached Image
Trading Levels with WRBs
  • #269
  • Edited 8:58am Feb 14, 2008 8:47am | Edited 8:58am
Quoting granparadiso
Thanks Iskander for great thread!

My little toy (maybe its exists already):

This indicator draw DZ box by fibo values.

For setup:
Set indicator variable “Fib_name” to Fibo name which you want to draw DZ box,
e.g “Fibo 9952”.

In my picture Fibo name is "iFib_1" and indicator variable "Fib_name" is set same: "iFib_1". If you move your fibo, then DZ box moves automatically.
Thanks - there are several similar ones in both Skunny's and Bo's threads....
Trading Levels with WRBs
  • #270
  • Feb 14, 2008 10:07am Feb 14, 2008 10:07am
You got a very good point here...I will study it in the near futur.

Tkx

Maxwells


Quoting Islander
Hi Maxwells - I think you know by now that I dont enter on breakouts - I've been burnt too many times doing that, so now I only enter on action around the DZ.

That way if its a false breakout, I'm already in profit and can close out without any loss - and usually with a small profit....

Good luck with whatever YOU decide to do....

Edit: just look at the action on cable to see what I mean......there the breakout to new highs stalled after 9 pips and has now pulled back 26 pips......the buy out of the DZ 55 mins earlier at 9683 gave you a potential 44 pips gross profit....go figure...
  • #271
  • Feb 14, 2008 10:12am Feb 14, 2008 10:12am
Short on the break of the lower AL at 213.18....

Edit: out at 212.62 - sweet
Trading Levels with WRBs
  • #272
  • Edited 10:29am Feb 14, 2008 10:28am | Edited 10:29am
That was a great 50+ pips....here's the updated chart....some graveyard doji at the low...
Attached Image (click to enlarge)
Click to Enlarge Name: feb 14 gj 5m 1625.gif Size: 11 KB
Trading Levels with WRBs
  • #273
  • Feb 14, 2008 10:33am Feb 14, 2008 10:33am
Quoting maxwells
You got a very good point here...I will study it in the near futur.

Tkx

Maxwells
You're welcome - best to study, test on vhands and then use it IF YOU like it
Trading Levels with WRBs
  • #274
  • Feb 14, 2008 10:40am Feb 14, 2008 10:40am
Quoting Islander
That was a great 50+ pips....here's the updated chart....some graveyard doji at the low...
I dont think I'll trade again today - some 210 potential pips from the moves already finished and it is Valentines DAy, so an early Sundowner is in order....


http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #275
  • Feb 14, 2008 10:40am Feb 14, 2008 10:40am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Islander
Short on the break of the lower AL at 213.18....

Edit: out at 212.62 - sweet

I want to make sure I understand how you traded this, Islander... Chart attached with my interpretation...

Entry understood... Now, the exit... I am assuming this is because price was nearing T1?...

[Note: I have been following this thread closely and am currently working through the Skunny and Bobokus threads... Started playing with vHands today as well... all I can say is WOW... What an excellent tool... ]


Magnus

p.s. This thread seems to be evolving into a great source of learning... Keep it up people...
Attached Image (click to enlarge)
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  • #276
  • Feb 14, 2008 10:55am Feb 14, 2008 10:55am
Hey Yuppie,

I'm definitely not Issy but I can answer your question.The difference between Issy's levels and your are caused by brokers data feeds

As you can noticed on previous page,Issy had 213.89 as high and 212.96 as low.His T1 target was at 60 so I presume he closed it a little bit earlier (maybe because of the price action which indicated that it wouldn't make "sixty")

By the way Issy - great thread
  • #277
  • Feb 14, 2008 10:58am Feb 14, 2008 10:58am
Nice trade Islander

It seems likely to me UJ dropped so dramatically due to it hitting last week's 138% at 108.54. Pretty kooky time this past few hours. UJ shoots down after hitting the weekly 138% just as GU is shooting upward and nailing yesterday 161.8% to the pip...took some guts to short the gbp/jpy there amid the indecision of it's brethren.
  • #278
  • Feb 14, 2008 11:11am Feb 14, 2008 11:11am
Quoting Yuppie
I want to make sure I understand how you traded this, Islander... Chart attached with my interpretation...

Entry understood... Now, the exit... I am assuming this is because price was nearing T1?...

[Note: I have been following this thread closely and am currently working through the Skunny and Bobokus threads... Started playing with vHands today as well... all I can say is WOW... What an excellent tool... ]


Magnus

p.s. This thread seems to be evolving into a great source of learning... Keep it up people...
Hi Magnus - remember that I also watch UJ and GU and here we got the fast drop 'cause both were falling...UJ was approaching its Daily Pivot at 107.87 and GU was targeting its M4 line - I hit the exit button as UJ hit its level - I'm not always worried about the last pip or exact target level, especially this late in the European Session - also as has been mentioned, levels vary between brokers....
Trading Levels with WRBs
  • #279
  • Feb 14, 2008 11:14am Feb 14, 2008 11:14am
Quoting PolishTrader
Hey Yuppie,

I'm definitely not Issy but I can answer your question.The difference between Issy's levels and your are caused by brokers data feeds

As you can noticed on previous page,Issy had 213.89 as high and 212.96 as low.His T1 target was at 60 so I presume he closed it a little bit earlier (maybe because of the price action which indicated that it wouldn't make "sixty")

By the way Issy - great thread
Thanks PT - I knew that it wouldn't take long for you to work it out - hope you got some pips too....http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #280
  • Feb 14, 2008 11:14am Feb 14, 2008 11:14am
Quote
You're welcome - best to study, test on vhands and then use it IF YOU like it

I have Vhand installed and i've learnt placing order, adjusting stop loss et al, big thanks to bluerudy for his professional tutor...

BUt how do I, test I-fib on Vhands?

Can anybody be of help
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