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Intra Day Yen - Naked

  • #381
  • Feb 19, 2008 1:38am Feb 19, 2008 1:38am
Here we see the quiet US and early Asian sessions on the 15m with a sell on the exit from the DZ at 211.45. However, I would like to see new lows soon IF this move is to get down to its T1.

On the 5m there has just been a sell out of the DZ at 210.44, which has yet to break its zero line at 210.06.

Thus we have support just above the 210 level and need to see IF this holds for a possible reversal - OR if it breaks and price drops to hit the current targets...lets see what the LO brings......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb 19 gj 15m 0645.gif Size: 10 KB
Click to Enlarge Name: feb 19 gj 5m 0730.gif Size: 14 KB
Trading Levels with WRBs
  • #382
  • Feb 19, 2008 1:50am Feb 19, 2008 1:50am
Quoting piphitman
5M G/U, working its way up and out of the DZ, now looking for a breach of the "0" and a take out of the Daily Pivot, maybe that'll get things going for GJ?
GM Pip - I have the same 5m GU chart - this is its third attempt on the 9534 level....LO should decide the direction......GJs failure to break the 210.06 low is a sign of a weak fall, thus showing more probability of a bounce...TWT
Trading Levels with WRBs
  • #383
  • Feb 19, 2008 1:57am Feb 19, 2008 1:57am
Quoting Islander
GM Pip - I have the same 5m GU chart - this is its third attempt on the 9534 level....LO should decide the direction......GJs failure to break the 210.06 low is a sign of a weak fall, thus showing more probability of a bounce...TWT
I agree, GU finally broke thru pivot.
trading naked.......
  • #384
  • Edited 3:40am Feb 19, 2008 2:10am | Edited 3:40am
Now is cable pulling back for a run at its DP? or is it following its 15m chart and is a Sell from the 9533 level....I'll wait and see....

Edit: The 15m Sell became active and GU retraced all of this bounce.

Again, the the 9470 area is so far acting as support...
Attached Image (click to enlarge)
Click to Enlarge Name: feb 19 gu 5m 0905.gif Size: 9 KB
Trading Levels with WRBs
  • #385
  • Feb 19, 2008 3:18am Feb 19, 2008 3:18am
Quoting SteveHopwood
Hehe. Sure doesn't look confused anymore.

I am a graduate of Skunny's Academy and DXTrade pointed me here. Do I read the whole thread or just jump in at the end?

Cheers

Hi Steve - thanks for dropping in. As a graduate from Skunny's thread it wont take you long to work out what we're doing here - just a variation that made the fibs clearer for me.

Happy pipping

Islander
Trading Levels with WRBs
  • #386
  • Feb 19, 2008 3:28am Feb 19, 2008 3:28am
Islander
I have been a very keen reader of your Thread since it's start.
I am a great believer in the Fib lines that can control price movements, especially with the GY cross.
I have conbined some of the interesting work by Vegas (who also had some good and interesting ideas) and created moving Fib Lines for GY.
I use GFT charts and I can send you an email of the charts , if you wish.

Or can you tell me how to place a chart on the thread

Fibs provide the answers
kiwi trader
  • #387
  • Feb 19, 2008 3:31am Feb 19, 2008 3:31am
the vegas tunnell?
trading naked.......
  • #388
  • Feb 19, 2008 3:37am Feb 19, 2008 3:37am
Yes, fib lines at distances from central tunnel.

But I have changed the fib distances to work for the GY cross.

I have set up fib lines at 38,50 and 62 from moving central tunnel of 156EMA

GY works particularly well because it likes to move in 100 pip moves
kiwi trader
  • #389
  • Feb 19, 2008 3:55am Feb 19, 2008 3:55am
Quoting Islander
Here we see the quiet US and early Asian sessions on the 15m with a sell on the exit from the DZ at 211.45. However, I would like to see new lows soon IF this move is to get down to its T1.

On the 5m there has just been a sell out of the DZ at 210.44, which has yet to break its zero line at 210.06.

Thus we have support just above the 210 level and need to see IF this holds for a possible reversal - OR if it breaks and price drops to hit the current targets...lets see what the LO brings......
The Brits sold cable from its test of its Daily Pivot at 9537 and that gave another sell off the 5m GJ chart and now we are getting new lows in GU, UJ and therefore GJ - although IMO this is not yet a strong down move....

Edit: the 15m T1 is at 209.17
Attached Image (click to enlarge)
Click to Enlarge Name: feb 19 gj 5m 1050.gif Size: 14 KB
Trading Levels with WRBs
  • #390
  • Feb 19, 2008 3:59am Feb 19, 2008 3:59am
Quoting fxnelson
Islander
I have been a very keen reader of your Thread since it's start.
I am a great believer in the Fib lines that can control price movements, especially with the GY cross.
I have conbined some of the interesting work by Vegas (who also had some good and interesting ideas) and created moving Fib Lines for GY.
I use GFT charts and I can send you an email of the charts , if you wish.

Or can you tell me how to place a chart on the thread

Fibs provide the answers
Hi FxN - can you post them here - most of the followers here are experienced fib users. If that's not possible, then just send me a PM.

Thanks

Islander
Trading Levels with WRBs
  • #391
  • Feb 19, 2008 4:01am Feb 19, 2008 4:01am
Quoting Islander
Hi Steve - thanks for dropping in. As a graduate from Skunny's thread it wont take you long to work out what we're doing here - just a variation that made the fibs clearer for me.

Happy pipping

Islander
Cheers Issy; I will read the lot, and enjoy it.

  • #392
  • Feb 19, 2008 4:46am Feb 19, 2008 4:46am
Fibs is great!
TP @ +50; +75; +110

And yen is going to T4...
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_2008.02.19.PNG Size: 27 KB
  • #393
  • Feb 19, 2008 5:11am Feb 19, 2008 5:11am
Both cable and UJ made new lows a little under 9472 and just under 107.26.....both levels have now been recovered.

This made GJ fall 170 pips from its sell on the last exit from its DZ at 210.44 and has now retraced into this 100 pip range DZ - the 15m range is 195 pips...

I'm now waiting for the Europeans to have lunch and for the US traders to arrive....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb 19 gj 15m 1100.gif Size: 8 KB
Click to Enlarge Name: feb 19 gj 5m 1100.gif Size: 12 KB
Trading Levels with WRBs
  • #394
  • Feb 19, 2008 5:24am Feb 19, 2008 5:24am
Quoting fxnelson
Yes, fib lines at distances from central tunnel.

But I have changed the fib distances to work for the GY cross.

I have set up fib lines at 38,50 and 62 from moving central tunnel of 156EMA

GY works particularly well because it likes to move in 100 pip moves
On what time frame are you placing this tunnel?
Regards
  • #395
  • Feb 19, 2008 5:28am Feb 19, 2008 5:28am
Quoting granparadiso
Fibs is great!
TP @ +50; +75; +110

And yen is going to T4...

Nice one GP.....T4? - TWT http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #396
  • Feb 19, 2008 5:33am Feb 19, 2008 5:33am
GJ getting out of DZ to the upside on 5m
Regards
  • #397
  • Feb 19, 2008 5:49am Feb 19, 2008 5:49am
Quoting howard
GJ getting out of DZ to the upside on 5m
Agreed - cable's leading the way up and has also just broken out of its 5m DZ to the upside.

UJ's not as clear yet.....I'd like to seeGJ pull back into the DZ and THEN a reversal up to be happy with a buy in GJ
Trading Levels with WRBs
  • #398
  • Feb 19, 2008 6:10am Feb 19, 2008 6:10am
Not Fibs, but here are some interesting Gann lines coming onto play and this mornings low was 2 hours off the 144 hour time line.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb 19 gj 60m 1200.gif Size: 15 KB
Trading Levels with WRBs
  • #399
  • Edited 8:23am Feb 19, 2008 7:54am | Edited 8:23am
There has been very little pull back since this morning's low, so I took the buy as GJ broke upwards out of its last 5m fib at 209.77 - the upside T1 has already been hit with price so far peaking 4 pips under T2.

Edit: 210.69 is the next target - the high just after LO
Trading Levels with WRBs
  • #400
  • Feb 19, 2008 9:00am Feb 19, 2008 9:00am
As I mentioned earlier, looking at the 5 min chart there was insufficient pull back to find a long entry.

Here's a way of getting an early entry if you suspect that a reversal may be taking place. Drill down to the 1 min chart and try to place the fibs on a ~50 pip move from the H / L.

Here's how it worked out this morning....the first bounce up was into the DZ followed by a sell which FAILED to get down to the 208.75 low. GJ then moved up to just above the upper AL AND pulled back into the DZ. The buy was when price re-broke the AL - at ~209.14 and from there it has rallied 140 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 19 gj 1m 1130.gif Size: 14 KB
Trading Levels with WRBs
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