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Intra Day Yen - Naked

  • #341
  • Feb 15, 2008 5:02am Feb 15, 2008 5:02am
5m, also showing the earlier, wider range fib - salmon - mentioned previously.

For me, the narrow range Yellow fib served its purpose of showing an early entry for the possible reversal - the sell at 213.77 ran down 125 pips with hardly a pause - some change from the initial chop, which I guess was a good indication of the possible reversal. Time for a break - BIB.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 15 gj 5m 1050.gif Size: 16 KB
Trading Levels with WRBs
  • #342
  • Feb 15, 2008 7:11am Feb 15, 2008 7:11am
Next week I hope to look at more charts like this...T2 is 190 from the DZ...
Attached Image (click to enlarge)
Click to Enlarge Name: feb 15 gj 15m 1300.gif Size: 9 KB
Trading Levels with WRBs
  • #343
  • Feb 15, 2008 8:24am Feb 15, 2008 8:24am
Hey boys and girls,

What a run today.

The BIG PICTURE again, in 15 minutes with the high and low of yesterday.

Enjoy all your week end and happy pips !

Thanks for this simple method
Attached Image (click to enlarge)
Click to Enlarge Name: nice run.gif Size: 14 KB
  • #344
  • Edited 9:17am Feb 15, 2008 8:49am | Edited 9:17am
Quoting crashout
Hey boys and girls,

What a run today.

The BIG PICTURE again, in 15 minutes with the high and low of yesterday.

Enjoy all your week end and happy pips ! and you too

Thanks for this simple method
you're welcome

Yep, now that I'm happy with the methodology and others are too, I'm moving to the 15m next week - that fib on the 15m posted earlier ran 240 pips - same chart that you have - less work and seems to catch the moves well http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #345
  • Feb 15, 2008 8:58am Feb 15, 2008 8:58am
KISS : Keep it Stupidly Simple or Keep it Super Simple.

That's not the army way, but that's my way !

Hooah !
  • #346
  • Feb 15, 2008 9:21am Feb 15, 2008 9:21am
Quoting crashout
KISS : Keep it Stupidly Simple or Keep it Super Simple.

That's not the army way, but that's my way !

Hooah !
Yep - KISS with this is great - as I'm getting ready for the weekend - Saturday is a puter free day in my house - I'm just walking the fibs on the 1 min and taking 20 / 30 pips a trade.....just a little more practice....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #347
  • Edited 9:54am Feb 15, 2008 9:30am | Edited 9:54am
this was the last 1m that I took - wasnt looking and so missed the first bounce off the DZ, waited and saw the higher low and so went in and took a clear 20 pips in the magenta line - it will probably go higher, but this was just a "hit and run" trade off the DZ

Edit; it did - a nice graveyard doji spike on the 5m took it above 211.80, close to T2 on that 1m chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb 15 gj 1m 1515.gif Size: 9 KB
Trading Levels with WRBs
  • #348
  • Feb 15, 2008 10:41am Feb 15, 2008 10:41am
I finished for the week - plenty of great opportunities - I can see more than 200 pips each day from the charts posted - great weekend to everyone, back on Monday for Frankies open....
Trading Levels with WRBs
  • #349
  • Feb 15, 2008 11:02am Feb 15, 2008 11:02am
Hey Islander have a great weekend.

You sure have owned the market this week ..leave some for the rest of us.

I've enjoyed following your thread very educational.

Can't make the fibs work like you but got a nice short from the 50% retrace of the move down at the 80 level.

We may see new lows made over the weekend so I will hang on to some, as usual time will tell.

Regards.
  • #350
  • Feb 15, 2008 11:20am Feb 15, 2008 11:20am
Quoting Islander
.....I will be using a simplified fib tool that has been called IFibs.....
.....
Islander.
Hi Islander,
Where do I find your fib tool (IFibs), I found DZ Box in attachment, but it didn't work.
Or maybe any template to make charts like yours.

Thanks for sharing
  • #351
  • Feb 15, 2008 11:56am Feb 15, 2008 11:56am
Quoting aguskrw1
Hi Islander,
Where do I find your fib tool (IFibs), I found DZ Box in attachment, but it didn't work.
Or maybe any template to make charts like yours.

Thanks for sharing
I'm busy at the moment or I would give you the post #, but wanted to help. There is a post in the last 5-10 pages with the fib indicator code. Basically you draw the fib from MT4 using the fib retracement tool and then copy the name from the properties>common>name box. Then paste that name into the appropriate location in the fib indicator code in MetaEditor. Compile it. Then when you go back to MT4 your DZ area should have a rectangular colored box. From this point when you walk your fibs, the box will update to the new location as soon as there is a tick change.
  • #352
  • Feb 16, 2008 12:56am Feb 16, 2008 12:56am
Quoting Islander
I finished for the week - plenty of great opportunities - I can see more than 200 pips each day from the charts posted - great weekend to everyone, back on Monday for Frankies open....
HEY ISLANDER - YOU KEEP TRADING LIKE THIS AND YOU ARE GOING TO OWN THE ISLAND AND THE YACHTS !!!!!!

oh - sorry - I was yelling - too excited

congratulations - see ya
  • #353
  • Feb 17, 2008 4:15am Feb 17, 2008 4:15am
I read somewhere in the Skunny post that he have opned his own forum.

Anyone know the URL?
  • #354
  • Feb 17, 2008 4:38am Feb 17, 2008 4:38am
Quoting casperbet
I read somewhere in the Skunny post that he have opned his own forum.

Anyone know the URL?
Send me a PM - I dont think we're allowed to post it in the open thread.
Trading Levels with WRBs
  • #355
  • Feb 17, 2008 4:40am Feb 17, 2008 4:40am
Quoting PiPr Pro
HEY ISLANDER - YOU KEEP TRADING LIKE THIS AND YOU ARE GOING TO OWN THE ISLAND AND THE YACHTS !!!!!!

oh - sorry - I was yelling - too excited

congratulations - see ya
Thanks PPP - I see that you're doing rather well yourself!
Trading Levels with WRBs
  • #356
  • Feb 17, 2008 9:47am Feb 17, 2008 9:47am
Quoting Islander
That was a great 50+ pips....here's the updated chart....some graveyard doji at the low...
Hi Islander,

I've been reviewing the various trades in the thread and trying to understand your entry rules a bit better. You said earlier on (post 265) you usually enter at exit from the DZ. In this (post 272) it looks as if you didn't take the indicated long based on exit from DZ at 213.50 after bounce of the 50% but took the short only based on break of the AL at ~213.15.

In what instances do you trade from DZ exit, and which do you look for break of AL?

Thanks for the great thread .
Attached Image (click to enlarge)
Click to Enlarge Name: gy fibs 1402.gif Size: 23 KB
  • #357
  • Feb 17, 2008 11:53am Feb 17, 2008 11:53am
Quoting JaGuaR
Hi piphitman
I have a question ,can you help me on this please ?
why didn't you enter trades short on showed attached image ?
where you define you must go short or long ?
thank you very much and islander hard work for IFibs
Hi JaG et al,

I've noticed that price will often spike through the AL a few times then head back the other way. One thing I've been looking at with regard to when or when not to enter the trade is looking for a close above / below the AL (dependant on direction), not just a penetration - in this case would have looked for a close below the AL. This then becomes the reference candle, and entry is then at a break of the reference candle's high / low by a couple of pips within 2 - 3 bars. If price is too close to the 0/100 line at the trigger of entry I may then look for a retrace to get a better price.

This is still "under test" as I've got a lot of VHands time to go yet, but looks initially to keep you out of a lot these sort of false breaks of the AL.
Attached Image (click to enlarge)
Click to Enlarge Name: gy fibs 1302.gif Size: 18 KB
  • #358
  • Feb 17, 2008 11:37pm Feb 17, 2008 11:37pm
Quoting shandy
Hi JaG et al,

I've noticed that price will often spike through the AL a few times then head back the other way. One thing I've been looking at with regard to when or when not to enter the trade is looking for a close above / below the AL (dependant on direction), not just a penetration - in this case would have looked for a close below the AL. This then becomes the reference candle, and entry is then at a break of the reference candle's high / low by a couple of pips within 2 - 3 bars. If price is too close to the 0/100 line at the trigger of entry I may then look for a retrace to get a better price.

This is still "under test" as I've got a lot of VHands time to go yet, but looks initially to keep you out of a lot these sort of false breaks of the AL.
Shandy,

Looking at your chart the first thing I notice is that your fib range is only 65 pips.

look at the fib range posts for that day (Feb 13) compared to your fib range on your chart.

http://www.forexfactory.com/showpost...&postcount=106
http://www.forexfactory.com/showpost...&postcount=107
http://www.forexfactory.com/showpost...&postcount=108
http://www.forexfactory.com/showpost...&postcount=110

on the 5M you want to have at least a 80-85 pip minimum range to work with. I try to look for a high/low range between NY close and Frankfurt open that fits these guidelines. Sometimes we may have to wait for a swing to be completed in Frankie/London before being able to set up a fib range, it just depends.
Very rarely do I try to trade during the Asian session unless there is some real action going on. I'll have my charts open but I wont do anything but look at them until it gets closer to Frankfurt/London time.
trading naked.......
  • #359
  • Feb 18, 2008 1:24am Feb 18, 2008 1:24am
just watching this 15M and 5M on GBP/JPY waiting to see if price breaks below the AL on the 15M, or maybe another bounce off the DZ on the 5M........
Attached Image (click to enlarge)
Click to Enlarge Name: 15 and 5.gif Size: 31 KB
trading naked.......
  • #360
  • Feb 18, 2008 1:28am Feb 18, 2008 1:28am
GM all

Cable has been the early motivator, giving a clear Sell as it exited its DZ at 9624 - will it break its Asian low?

UJ has been sideways in its DZ since Fridays close, leaving GJ to follow cables lead.

However, GJ failed on Friday afternoon to follow its Sell after turning at the 50% level, it then put in a higher low. NB Fridays low of 210.31 was at the 50% line on my hourly chart.

In the early Asian session, GJ held at the AL for an even higher low, so its starting to look as if GJ is going to reverse and become a buy...TWT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb 18 gj 15m 0700.gif Size: 9 KB
Click to Enlarge Name: feb 18 gu 15m 0700.gif Size: 10 KB
Click to Enlarge Name: feb 18 uj 15m 0700.gif Size: 10 KB
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