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Attachments: Intra Day Yen - Naked
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Intra Day Yen - Naked

  • #401
  • Feb 19, 2008 7:46am Feb 19, 2008 7:46am
hi, i am new here, after reading from the first post and have tried to attach dzbox 0.0mq i got nothing. i mean the indicator not appear on my chart.
could anybody please attach the indic or template ?
and could you please expalain the rule of entry and exit?
thank you for very much, and sorry for my english


Quoting granparadiso
Fibs is great!
TP @ +50; +75; +110

And yen is going to T4...
  • #402
  • Feb 19, 2008 8:01am Feb 19, 2008 8:01am
Quoting sflanwr
hi, i am new here, after reading from the first post and have tried to attach dzbox 0.0mq i got nothing. i mean the indicator not appear on my chart.
could anybody please attach the indic or template ?
and could you please expalain the rule of entry and exit?
thank you for very much, and sorry for my english
From the first page in this thread:

This thread is for students from Skunny's Thread who wish to walk the fibs on 5 min and 15 min charts of USDJPY, GBPJPY and GBPUSD.

and

All the answers about this methodogy are found in those threads, so please do your homework before asking basic questions


Please do your homework, that way YOU will then be able to benefit from the 1000s of hours it has taken to research and develop the methodology.

Good luck

Islander
Trading Levels with WRBs
  • #403
  • Feb 19, 2008 7:38pm Feb 19, 2008 7:38pm
I figured I should post a chart and see what people think. Earlier the market was ranging quite a bit. I drew my yellow fib line and watched the market bounce between the DZ twice, creating higher lows. The bounce from the 50% level prepared me for an entry and I entered long at the DZ. I wasn't too comfortable with the trade and pulled out once I hit 30 pips. The second next bounce from the DZ would have been another great entry, once again another higher low, too bad I was in class. Now I drew a new fib on this swing of 113 pips, waiting for a retrace and looking to see what direction we should trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gy02-19-08-1.gif Size: 19 KB
  • #404
  • Feb 19, 2008 10:40pm Feb 19, 2008 10:40pm
Quoting howard
On what time frame are you placing this tunnel?
Works best with the 15min chart
kiwi trader
  • #405
  • Feb 19, 2008 10:58pm Feb 19, 2008 10:58pm
I see that an hour ago, GJ bounced up off its 50% line at 209.80 for an early buy - I'm now trying to get in off the 1 min.

UJ 15m has a similar chart with a buy off its 50% line at 107.69 whilst cable has bounced up into its DZ and is holding around its Daily Pivot at 9490

Edit: Big spike down in cable puts my buy on hold.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 20 gj 15m 0650.gif Size: 12 KB
Trading Levels with WRBs
  • #406
  • Feb 19, 2008 11:27pm Feb 19, 2008 11:27pm
took a 5M GJ position outside of the AL and followed it down to T1 step for step with UJ 5M, while cable came in to help out with a little downward surge for good measure.
Attached Image (click to enlarge)
Click to Enlarge Name: t1.gif Size: 41 KB
trading naked.......
  • #407
  • Feb 19, 2008 11:30pm Feb 19, 2008 11:30pm
The bounce off the 15m 50% line failed and the 5m showed a sell at the DZ, so I'll stay with the 5m charts until a clear direction is established
Attached Image (click to enlarge)
Click to Enlarge Name: feb 20 gj 5m0715.gif Size: 13 KB
Trading Levels with WRBs
  • #408
  • Edited 11:57pm Feb 19, 2008 11:36pm | Edited 11:57pm
Quoting piphitman
took a 5M GJ position outside of the AL and followed it down to T1 step for step with UJ 5M, while cable came in to help out with a little downward surge for good measure.
Nice one Pip - I was busy getting myself updated, posting charts etc and missed the 5m sell - there'll be another trade soon!

Edit: I'm having trouble posting charts - I have my latest 5m DZ from 209.63 to 209.87

Edit: I took the Sell at the 50% line 209.74
Trading Levels with WRBs
  • #409
  • Feb 19, 2008 11:38pm Feb 19, 2008 11:38pm
Issy,

I'm glad to see I had the same 15M and 5M charts as you had. While watching the 15M earlier this morning it was looking like a possible long day till that 50% failure...........will have to wait and see what the London Boys have to say about things.....
trading naked.......
  • #410
  • Feb 19, 2008 11:55pm Feb 19, 2008 11:55pm
latest 5M G/J DZ.....
Attached Image
trading naked.......
  • #411
  • Feb 20, 2008 12:37am Feb 20, 2008 12:37am
Quoting piphitman
Issy,

I'm glad to see I had the same 15M and 5M charts as you had. While watching the 15M earlier this morning it was looking like a possible long day till that 50% failure...........will have to wait and see what the London Boys have to say about things.....

Agreed - remember the MPC of the BOE's minutes are due at 9:30 GMT - 55mins time. These are important so expect cable to be choppy until then.

I'm in "hit and run" mode taking 30 or 40 pips as soon as I can and probably wont trade again until after 9:30
Trading Levels with WRBs
  • #412
  • Feb 20, 2008 2:41am Feb 20, 2008 2:41am
looks like whenever U/J runs out of gas, that Cable is ready to short GJ......
trading naked.......
  • #413
  • Feb 20, 2008 5:22am Feb 20, 2008 5:22am
Some1 took this short @ 50% fib (re-test) ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp22.gif Size: 26 KB
Measure twice, cut once
  • #414
  • Feb 20, 2008 5:59am Feb 20, 2008 5:59am
Quoting aediaz1
Some1 took this short @ 50% fib (re-test) ?
I've been waiting for the US data and now for the markets to settle down
Trading Levels with WRBs
  • #415
  • Feb 20, 2008 6:02am Feb 20, 2008 6:02am
Quoting Islander
I've been waiting for the US data and now for the markets to settle down
Seems logical, price struggle alot to settle at the moment.
Measure twice, cut once
  • #416
  • Feb 20, 2008 6:27am Feb 20, 2008 6:27am
Quoting aediaz1
Seems logical, price struggle alot to settle at the moment.
Then there's the FOMC minutes later at 7pm GMT - GJ could range until then
Trading Levels with WRBs
  • #417
  • Feb 20, 2008 11:54am Feb 20, 2008 11:54am
The best move today was the sell in cable from an earlier chart - the magenta line was the trade. Now price is back in the DZ.

After the sell off in the early Asian Session GJ has been chopping around in a 120 pip range - lets hope for some direction tomorrow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb 20 gu 15m 1945.gif Size: 11 KB
Click to Enlarge Name: feb 20 gj 15m 1945.gif Size: 11 KB
Trading Levels with WRBs
  • #418
  • Feb 20, 2008 1:56pm Feb 20, 2008 1:56pm
Quoting Islander
The best move today was the sell in cable from an earlier chart - the magenta line was the trade. Now price is back in the DZ.

After the sell off in the early Asian Session GJ has been chopping around in a 120 pip range - lets hope for some direction tomorrow.
A couple questions. How long did you hold that Cable trade? Did you scale out, taking the majority of profit where safe and letting a smaller portion of your position ride it all the way? I don't see any other way to ride a move like that from start to finish.

Also, I noticed your fib has unfamiliar markings on it, AZ, DZ etc. What is that and where do I go to learn about it?
  • #419
  • Feb 20, 2008 6:55pm Feb 20, 2008 6:55pm
Quoting Jared
A couple questions. How long did you hold that Cable trade? Did you scale out, taking the majority of profit where safe and letting a smaller portion of your position ride it all the way? I don't see any other way to ride a move like that from start to finish.

Also, I noticed your fib has unfamiliar markings on it, AZ, DZ etc. What is that and where do I go to learn about it?
Jared, Go to Skunny's thread here http://www.forexfactory.com/showthread.php?t=60272 to research and learn about how Islander draws his fibs.
  • #420
  • Edited 10:38pm Feb 20, 2008 10:27pm | Edited 10:38pm
a look at the 15M pre-Frankie.

GU has hit it's T1, GJ is on it's way to hitting it's T1, UJ hovering above the AL.

edit:** also, some high impact GBP news to look out for this morning (retail sales)**
Attached Image (click to enlarge)
Click to Enlarge Name: 15prefrankie.gif Size: 44 KB
trading naked.......
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