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Intra Day Yen - Naked

  • #521
  • Edited 11:59pm Feb 27, 2008 11:39pm | Edited 11:59pm
GM all - was busy grabbing pips in that drop - here's my latest chart

I'm short again at 52 and will add if it goes higher

Edit: I took a hit n run 20 pips looking to re-enter
Attached Image
Trading Levels with WRBs
  • #522
  • Feb 27, 2008 11:42pm Feb 27, 2008 11:42pm
Quoting belekas
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

Hey Belekas -great trading - your hard work is paying off!! http://www.forexfactory.com/images/icons/icon14.gif http://www.forexfactory.com/images/icons/dollar.gif

Edit: I do watch the 100s and the 50s - they also are important - once I used just trade the 100s, so when a fib is near its extra confirmation
Trading Levels with WRBs
  • #523
  • Feb 27, 2008 11:44pm Feb 27, 2008 11:44pm
Yes i took 47 pips in that drop minus spread 7 of mine, i got like 40.

Im short as well Issey

Lets see how our trade goes
  • #524
  • Feb 27, 2008 11:51pm Feb 27, 2008 11:51pm
Thanks for your kind words mate and for the answer

I hope im starting to see the sun!

I closed this geppy trade by accident, i think from all the excitement lol

Now i must look for another opportunity to enter again...
  • #525
  • Feb 27, 2008 11:54pm Feb 27, 2008 11:54pm
Quoting Lou
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

Hi Lou - we're mainly using the 15m and 5m charts, so I dont think any here can help - but I'll be interested to follow your progress for when I'm not able to spent time close to my computer.

Regards

Issy
Trading Levels with WRBs
  • #526
  • Feb 27, 2008 11:57pm Feb 27, 2008 11:57pm
Quoting dagoods
issy's theme song>>>>

http://www.youtube.com/watch?v=2hyoszso38E
LOL - and I dont even have a cat any more!
Trading Levels with WRBs
  • #527
  • Feb 28, 2008 12:02am Feb 28, 2008 12:02am
Quoting belekas
Yes i took 47 pips in that drop minus spread 7 of mine, i got like 40.

Im short as well Issey

Lets see how our trade goes
I got 40 too - and now another 20.....http://www.forexfactory.com/images/icons/icon12.gif


I'm holding for now whilst Ujs moving up - and I'm also watching cable to see what happens at its 9800 level....
Trading Levels with WRBs
  • #528
  • Feb 28, 2008 12:04am Feb 28, 2008 12:04am
Interesting, price blasted thru 50 level, it might now leave a nose poking out

like a pinbar then i think i have another opportunity to enter short, correct me

Issey if im wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy_feb28m5.gif Size: 20 KB
  • #529
  • Feb 28, 2008 12:09am Feb 28, 2008 12:09am
Islander, can you post your usd/yen chart when you have some free time.

Thank you.

Cheers!

ps. You got 60 me 40 on geppy, you number 1! I had that sell as well but

somehow didnt take those 20pips and left them for the market, as respect

lol
  • #530
  • Feb 28, 2008 12:17am Feb 28, 2008 12:17am
Here's my UJ chart - its been sideways in a 40 pip range for 16 hours with a 1 pip higher low in the 7am candle. At the moment, all of GJs action is coming from cable's moves.

Edit: UJs Daily Pivot is at 106.57 - not shown on this chart, but important.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 28 uj 15m 0815.gif Size: 12 KB
Trading Levels with WRBs
  • #531
  • Feb 28, 2008 12:28am Feb 28, 2008 12:28am
Posting my cable chart.

Do you have your 0 fib @ where i have it placed or lower @ where is my AL line?

Thanks for the usd/yen chart!

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: cabefeb28m5.gif Size: 18 KB
  • #532
  • Feb 28, 2008 12:31am Feb 28, 2008 12:31am
and here's my cable chart - I also have a 5m chart with fibs on the last fall - its DZ is from 790 to 812
Attached Image (click to enlarge)
Click to Enlarge Name: feb 28 gu 15m 0830.gif Size: 9 KB
Trading Levels with WRBs
  • #533
  • Feb 28, 2008 12:41am Feb 28, 2008 12:41am
Quoting belekas
Posting my cable chart.

Do you have your 0 fib @ where i have it placed or lower @ where is my AL line?

Thanks for the usd/yen chart!

Cheers!

I have the same chart - any small difference will be from brokers feeds
Trading Levels with WRBs
  • #534
  • Feb 28, 2008 12:44am Feb 28, 2008 12:44am
Now whilst UJ is grinding its way up to its Daily Pivot and cable's sideways in its DZ I'll just wait for the next clear set up.

Edit: We also have cable around its 9800 level and GJ around its 211 level, so all three are at "decision" levels - will they bounce or fall?.....Time Will Tell....
Trading Levels with WRBs
  • #535
  • Feb 28, 2008 12:46am Feb 28, 2008 12:46am
Alright, missed the long from boune of 50 zone @ 210.63 so now im waiting for

a pullback and then we will see what happens.

You bought it Master Issey?
  • #536
  • Feb 28, 2008 1:08am Feb 28, 2008 1:08am
This is a classic short term reversal - IMO revelsals are THE most difficult to trade and here I was still thinking short, BUT the higher low - i.e. the FAILURE to carry on down was the first sign that the direction MIGHT change - that's where I exited my short.

Then the action around the Alert Line confirmed that it was changing and it was a Buy as it moved up away from that small area of conjestion.

These are very difficult to see and to trade - and here I wasnt concentrating and so missed the opportunity of another 40 pips - darn it that would have given me my daily target already!
Attached Image (click to enlarge)
Click to Enlarge Name: feb 28 gj 1m 0855.gif Size: 14 KB
Trading Levels with WRBs
  • #537
  • Feb 28, 2008 1:08am Feb 28, 2008 1:08am
hey issy.... dont forget to zzom out once in a while get your bigger picture and perspective


helps a lot..... IMHO


my view on uj she is going up to retest the neckline of her broker head and shoulders b4 falling again.... but u never know.... still

i'd be careful when she gets up to that neckline area.... gj of course will follow her lead....


gu hit major resistance on its way up as u know.... so.... u know what is likely




just my 2 cents bro

keep on rockin!
Attached Image (click to enlarge)
Click to Enlarge Name: uj daily.gif Size: 12 KB
  • #538
  • Feb 28, 2008 1:15am Feb 28, 2008 1:15am
Quoting belekas
Alright, missed the long from boune of 50 zone @ 210.63 so now im waiting for

a pullback and then we will see what happens.

You bought it Master Issey?
LOL - no I was too busy and not focusing 100% on my own trading - that's why from next week I'll be reducing my posts.

I think I've now shown very clearly how the fibs can work on the 15m, 5m and 1m charts and I need to concentrate on my own trading.

All who are interested can find loads of charts and explainations throughout this thread and with a little work should be able make their own charts and entries.
Trading Levels with WRBs
  • #539
  • Feb 28, 2008 1:19am Feb 28, 2008 1:19am
GM Issy,

question for ya, now that Tokyo is closed and UJ isn't budging up over daily pivot, do the London boys typically move that piar after Tokyo closes?
trading naked.......
  • #540
  • Feb 28, 2008 1:20am Feb 28, 2008 1:20am
Yes no doubt about that Issey

Theres more then enough information down here.

Nice m1 reversal you posted, really nice
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