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Intra Day Yen - Naked

  • #481
  • Edited 2:02am Feb 27, 2008 1:43am | Edited 2:02am
Quoting belekas
GM Issey and everybody.

Hope and wish all a good trading session

Yesterday i made some nice pips with your iFib method on geppy and euroyen. ~200 per both pairs. Thats lovely mate I have a question if we get small swings like on usdyen we have right now how would you properly iFib them Issey? If you can please post a few charts of yours, that would be very very helpfull.

Thank You

Cheers!
Great pips.

Heres a 5m chart around the time that you posted. A continuation sell at the red arrow in the DZ.

I've also walked the salmon fib - another entry there IF it drops down out of the DZ
Attached Image (click to enlarge)
Click to Enlarge Name: feb 27 uj 0730.gif Size: 11 KB
Trading Levels with WRBs
  • #482
  • Feb 27, 2008 1:58am Feb 27, 2008 1:58am
Here's another way of using support and resistance to draw fibs.

This time I've used a Resistance level for the bottom of my fib instead of a support level. This gives a narrower range and thus more possibility of getting a retrace into the DZ - I got long as soon as I got up this morning http://www.forexfactory.com/images/icons/icon12.gif

Note how this has given a T1 level close to the two other levels that I mentioned earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 27 gu 15m 0730.gif Size: 8 KB
Trading Levels with WRBs
  • #483
  • Feb 27, 2008 2:10am Feb 27, 2008 2:10am
Quoting Islander
After the lower highs on Friday and yesterday showed weakness off the 15m charts we got the sell off after the Frankfurt Open....
Using Fibs or pivots or support resistence as a add on guide / indicator is not trading naked! Even the use of trend lines to some is indicator land.



the chart below is going naked!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 37 KB
  • #484
  • Feb 27, 2008 2:24am Feb 27, 2008 2:24am
cmon mate, dont spam the threead with useless posts like this one, we call it naked, i call it naked, nobody asks for your opinion. we here on bussines not to discuss non-bussines related issues
  • #485
  • Feb 27, 2008 2:27am Feb 27, 2008 2:27am
I was too busy earlier to post this chart. You can see the great number of wicks late yesterday and the chop in the Asian Session earlier this morning as GU and UJ battled for dominance.

Finally, as cable took off again, GJ was a Buy on its exit up out of the DZ - will it break above yesterdays high? - TWT.

Remember there's loads of news due out today - UK at 9:30 GMT and US at 13:30 GMT and 15:00 GMT, so its best to lock in profits early - I have http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: feb 27 gj 15m 0730.gif Size: 14 KB
Trading Levels with WRBs
  • #486
  • Feb 27, 2008 2:34am Feb 27, 2008 2:34am
Just a quick question Issey, as you see on this cable chart the new little swings high has been mate so my question is: when would you be mooving the fib to the new high and so on?

Thank you for your answers!

Cheers

B.
Attached Image (click to enlarge)
Click to Enlarge Name: cableswing.gif Size: 25 KB
  • #487
  • Feb 27, 2008 2:34am Feb 27, 2008 2:34am
Quoting belekas
cmon mate, dont spam the threead with useless posts like this one, we call it naked, i call it naked, nobody asks for your opinion. we here on bussines not to discuss non-bussines related issues
to bad buddy it's a free world and my comment directly relates to the thread topic.
  • #488
  • Feb 27, 2008 2:36am Feb 27, 2008 2:36am
Quoting belekas
Just a quick question Issey, as you see on this cable chart the new little swings high has been mate so my question is: when would you be mooving the fib to the new high and so on?

Thank you for your answers!

Cheers

B.
Naked my ass! this is far from it. Naked trading is based on pattern of trend. not your indicators, this Thread is totally misleading!

this is my last post. Guy's if the system works great i hope your all making heaps of pips but none of u have the right to say you trade pairs naked. I am sorry but that takes so much time, skill and study!

Good trading
  • #489
  • Feb 27, 2008 2:47am Feb 27, 2008 2:47am
What got into the yen? I rode up the G/J, and then exited. But I did not see the drop coming. I missed it.
  • #490
  • Edited 5:30am Feb 27, 2008 2:50am | Edited 5:30am
Quoting >Apocalypto<
Naked my ass! this is far from it. Naked trading is based on pattern of trend. not your indicators, this Thread is totally misleading!

this is my last post. Guy's if the system works great i hope your all making heaps of pips but none of u have the right to say you trade pairs naked. I am sorry but that takes so much time, skill and study!

Good trading
LOL - thanks for you helpful post. Now perhaps you might care to look at the first page and follow the spirit of this thread.
Trading Levels with WRBs
  • #491
  • Feb 27, 2008 2:50am Feb 27, 2008 2:50am
Anyone smell reversal down the yen path?

Issey can you look at my chart i posted a few mins ago on cable and try answering my questions if you have a few free mins?

Thanks!

Cheers
  • #492
  • Feb 27, 2008 2:55am Feb 27, 2008 2:55am
Quoting belekas
Anyone smell reversal down the yen path?

Issey can you look at my chart i posted a few mins ago on cable and try answering my questions if you have a few free mins?

Thanks!

Cheers
I do....my only question is...how much?
  • #493
  • Feb 27, 2008 3:00am Feb 27, 2008 3:00am
Quoting belekas
Just a quick question Issey, as you see on this cable chart the new little swings high has been mate so my question is: when would you be mooving the fib to the new high and so on?

Thank you for your answers!

Cheers

The whole purpose of drawing a new fib is to give you levels at which you can consider entering a trade - usually as a continuation trade. Ideally, the last high / low should have hit a target level before walking the fib.

If you are not in a trade and trying to find an entry then off the 5m cable chart then I would look to find S / R levels that give a minimum of a 40 pip range

B.
I
Trading Levels with WRBs
  • #494
  • Feb 27, 2008 3:05am Feb 27, 2008 3:05am

Thanks Mate!

Cheers


  • #495
  • Feb 27, 2008 3:17am Feb 27, 2008 3:17am
Quoting Islander
Here's another way of using support and resistance to draw fibs.

This time I've used a Resistance level for the bottom of my fib instead of a support level. This gives a narrower range and thus more possibility of getting a retrace into the DZ - I got long as soon as I got up this morning http://www.forexfactory.com/images/icons/icon12.gif

Note how this has given a T1 level close to the two other levels that I mentioned earlier.
T1 hit http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #496
  • Feb 27, 2008 3:22am Feb 27, 2008 3:22am
Issey, you sold cable @ 9934 when exiting the DZ zone?
  • #497
  • Feb 27, 2008 3:24am Feb 27, 2008 3:24am
DXTrade said to say, "HI!"
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #498
  • Feb 27, 2008 3:32am Feb 27, 2008 3:32am
sorry issy wrong thread lol


YO ISSY THANK YOU FOR THE THREAD
  • #499
  • Feb 27, 2008 3:35am Feb 27, 2008 3:35am
Quoting belekas
Issey, you sold cable @ 9934 when exiting the DZ zone?
No I was busy elsewhere.

I see your fib and the levels, when I suspect a reversal I'll wait for confirmation - check some of my earlier posts - and normally I would sell under the AL line. This time it was a strong break, but this is rare, more often you get some chop before it reverses.
Trading Levels with WRBs
  • #500
  • Feb 27, 2008 3:36am Feb 27, 2008 3:36am
Quoting galaxymom
DXTrade said to say, "HI!"
Thanks Mom - regards to DXT - and you! - too http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
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