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Intra Day Yen - Naked

  • #501
  • Feb 27, 2008 3:38am Feb 27, 2008 3:38am
Quoting dagoods
sorry issy wrong thread lol


YO ISSY THANK YOU FOR THE THREAD
LOL DG - you sure are busy today - nice to see you popping by!
Trading Levels with WRBs
  • #502
  • Feb 27, 2008 3:41am Feb 27, 2008 3:41am
Loads of fibs to draw everywhere - I cant keep up and trade so wont try - just keep banking guys - these pips are slippery things!
Trading Levels with WRBs
  • #503
  • Feb 27, 2008 3:44am Feb 27, 2008 3:44am
Quoting Islander
Loads of fibs to draw everywhere - I cant keep up and trade so wont try - just keep banking guys - these pips are slippery things!
LOL, right! You guys are doing great! Congrats!
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #504
  • Feb 27, 2008 3:58am Feb 27, 2008 3:58am
Morning Issy,

took the long on Cable this morning just before the 1.9900 breach.

I've been busy for the last two days battling a SELL trade that was left down at 211.90 on GJ, that UJ drop really helped me rescue that one with some extra pips in the bank to make up for my swap fees for having it just sit there for two days.
trading naked.......
  • #505
  • Feb 27, 2008 4:15am Feb 27, 2008 4:15am
The current moves are dominated by weakness in USD, which has just made new 30+ year lows against the Swiss Franc.

In addition we have the annual Yen repatriation for the Japanese Year End window dressing - thus Yen buying which puts further downwards pressure on UJ.

Watch out for more fast moves in GJ whenever both UJ and GU are in step and falling simultaneously - as happened just after the London Open.
Trading Levels with WRBs
  • #506
  • Feb 27, 2008 4:18am Feb 27, 2008 4:18am
Could you tell us a bit more about this Japanese year end window dressing Issy? Things do seem a bit crazy on the yen now...
Attached Image (click to enlarge)
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  • #507
  • Feb 27, 2008 4:19am Feb 27, 2008 4:19am
Quoting piphitman
Morning Issy,

took the long on Cable this morning just before the 1.9900 breach.

I've been busy for the last two days battling a SELL trade that was left down at 211.90 on GJ, that UJ drop really helped me rescue that one with some extra pips in the bank to make up for my swap fees for having it just sit there for two days.
Well done - I'm looking for a retrace to the 212 area for another sell - but remember this afternoons busy datawise and Helicopter Ben's also talking at 15:00 GMT
Trading Levels with WRBs
  • #508
  • Feb 27, 2008 4:40am Feb 27, 2008 4:40am
Quoting 24HourTrader
Could you tell us a bit more about this Japanese year end window dressing Issy? Things do seem a bit crazy on the yen now...
I'll try to find an article on this - but basically most (all?) Japanese companies have their year end in April. As most are exporters and are paid in US Dollars, they need to change these into Yen and repatriate these funds to pay their taxes and "window dress" their balance sheets. Thus they are buying Yen and Selling Dollars.

Edit: Thanks for the charts

Edit: Remember that these guys are also currency traders and can Buy physical dollars and hedge by Selling in the FX and Derivative markets thereby delaying / obscuring the effects of their actions.
Trading Levels with WRBs
  • #509
  • Feb 27, 2008 5:18am Feb 27, 2008 5:18am
with all these narrow range retracement fibs around right now....a quick 5M UJ scalp, entered on the AL @ 106.40, exited T1 @ 106.55.

15 pips on UJ....what I like about UJ..... it's only a 2 pip spread.
Attached Image (click to enlarge)
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trading naked.......
  • #510
  • Feb 27, 2008 5:31am Feb 27, 2008 5:31am
Heres the euroyen trade i took right on the bounce from dayly pivot and touch of DZ, any comments guys?

Cheers
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  • #511
  • Feb 27, 2008 5:37am Feb 27, 2008 5:37am
Quoting belekas
Heres the euroyen trade i took right on the bounce from dayly pivot and touch of DZ, any comments guys?

Cheers
Fine, but what's with all the clutter? http://www.forexfactory.com/images/icons/icon9.gif

The Skunny / Islander definition of Naked sure doesnt allow all that http://www.forexfactory.com/images/icons/icon13.gif
Trading Levels with WRBs
  • #512
  • Feb 27, 2008 5:39am Feb 27, 2008 5:39am
Sorry master, wont happen again
  • #513
  • Feb 27, 2008 7:59am Feb 27, 2008 7:59am
Took its sweet time but got there eventually.
Attached Image (click to enlarge)
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  • #514
  • Feb 27, 2008 8:04am Feb 27, 2008 8:04am
I waited until the news was out and then these short trades came up.....as its around news time, both were hit and run for ~20 pips....
Attached Image(s) (click to enlarge)
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Trading Levels with WRBs
  • #515
  • Edited 10:30am Feb 27, 2008 10:24am | Edited 10:30am
We had a pullback to 50, maybe now theres a perfect place to sell geppy again? All comments appriceated

Ps. Issey i cleared my chart as per your words The fib has to be a few pips higher, sorry for bad input.
Attached Image (click to enlarge)
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  • #516
  • Feb 27, 2008 11:20am Feb 27, 2008 11:20am
...does anyone agree with this GBP/USD (15min) fib long? Have a nagging suspicion the Asian - early London range is still playing out down side...wad 'ya reckon?
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  • #517
  • Feb 27, 2008 2:24pm Feb 27, 2008 2:24pm
issy's theme song>>>>

Inserted Video
  • #518
  • Feb 27, 2008 5:02pm Feb 27, 2008 5:02pm
Well the sell of 50 zone on geppy was sucesfull and my position is up 120pips

Thanks again Master Issey for this good method

Off to bed now, see yall @ FO.

Cheers

B!
Attached Image (click to enlarge)
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  • #519
  • Feb 27, 2008 9:38pm Feb 27, 2008 9:38pm
Hello,

I posted a similar inquiry on Bobokus' thread. Is anyone trading a Set and Forget daily method using these ideas?

If so I would like to chat with you.

Please PM me.

Thanks.

Lou
  • #520
  • Edited 1:21am Feb 28, 2008 1:19am | Edited 1:21am
GM everybody and wish yall great trading day

Posting my current pound/yen chart for this morning. My iFib is set in 140pip

range and we have some formations visible. When will we break short only

time will tell.

Q for the master, from what i see you dont pay too much attention to big

numbers like .00 & .50 because they work as psichological levels from what

i know, so we have 210.50 not far below our price.

Thank for your time Issey

Cheers!

PS. 2seconds after i posted it broke down LOL
Attached Image (click to enlarge)
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