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Intra Day Yen - Naked

  • #621
  • Edited 2:34am Mar 7, 2008 2:29am | Edited 2:34am
Posting my current m15 chart on Geppy. Piphitman, what do you think about the big fibs 50% yellow that holded 2 times, will it hold now? Lets ellaborate a little on this right now, i have some free minutes if your free lets make it happen This chart could have been traded nicely, i posted on Auslanco's GJ/GU thread some trades that i took. Will post here when i have more free time.

So we short or a bounce from 50%?

Btw, short of 50% smaller fib on the right was a nice trade...
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  • #622
  • Mar 7, 2008 2:40am Mar 7, 2008 2:40am
Nice sell of the 50%, if we missed it, market gave another oportunity when touching lower DZ and then the drop ~100pips from DZ...lovely
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  • #623
  • Mar 7, 2008 2:43am Mar 7, 2008 2:43am
Cable in a downward retrace, UJ headin for da basement, entered off the DZ minus 6 pip spread at 206.26, pop some patience pills, exit T1 @ 205.66. Good Morning London!!!!!!!!!!!!!

***EDIT: 15M chart posted......trade was placed on 5M chart due to narrow 93 pip range, ala Issy style ***
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trading naked.......
  • #624
  • Mar 7, 2008 2:46am Mar 7, 2008 2:46am
Nice trading PPH!
  • #625
  • Mar 7, 2008 2:56am Mar 7, 2008 2:56am
Thanks B,

Looks like 1H is headed for T1 also.......... 1H had a good entry off of the DZ or AL, I got my 60 on the 5M and then chickened out....
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trading naked.......
  • #626
  • Mar 7, 2008 2:59am Mar 7, 2008 2:59am
I entered of 170pip range m15 ifib i posted, its still going down...UJ going to its s1 and it might bounce or if we get close below it will go to m1, lets see what time will tell
  • #627
  • Mar 7, 2008 3:01am Mar 7, 2008 3:01am
yup, good job belekas.......

I'm waiting for this big fatty bear candle to finish so I can ride the retrace up to the 50.
trading naked.......
  • #628
  • Mar 7, 2008 3:09am Mar 7, 2008 3:09am
Missed ej short of the 50%, damn nice trade. T2 still short by 2pips LOL

edit:T2 hit and price stopped at s2 pip by pip, still pushing lower
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  • #629
  • Mar 7, 2008 3:45am Mar 7, 2008 3:45am
Quoting belekas
Well im not using stops, im using pivots and they are really helpfull when it comes to exits, entries as well, in market like this its better take n run trading like islander mentioned, aim for some pips, reach your goal take them and leave the trade.
Would you elaborate on that a little when you get a chance. Like the trade this morning, where would you have bailed if it had turned on you? You seem to be letting them run, like yesteday, 180 pips.
  • #630
  • Mar 7, 2008 3:55am Mar 7, 2008 3:55am
Quoting steveshutts
Would you elaborate on that a little when you get a chance. Like the trade this morning, where would you have bailed if it had turned on you? You seem to be letting them run, like yesteday, 180 pips.
Im watching closely UJ and GU when trading GJ. Also watching pivot's on UJ, they are helping us very very much. Yes im letting them run untill i see some possible end scenarios, like taking profit or closing half taking profit letting the other half run and etc. Watch these pivot levels and UJ carefully because it gives us alot of clues when to take profit and what can we get from the market if we keep on holding our positions.

Cheers
  • #631
  • Mar 7, 2008 4:16am Mar 7, 2008 4:16am
Ok, so you look to see what $/Yen is doing and cable.
If cable is stagnant and $Yen is going down then Geppy will usually follow down, and vice versa. If both are travelling in the same direction then Geppy will fly in that direction, even better?
Stick the pivots and mid pivots on $/Yen to see where that may stall, which would in turn stall Geppy?
How about if cable is moving and $/Yen is stagnant. Do you use pivots on cable to look for possible stalling points on the Geppy too?
  • #632
  • Mar 7, 2008 4:21am Mar 7, 2008 4:21am
Looks like a triangle forming on the 5 min
  • #633
  • Mar 7, 2008 12:52pm Mar 7, 2008 12:52pm
Quoting steveshutts
Ok, so you look to see what $/Yen is doing and cable.
If cable is stagnant and $Yen is going down then Geppy will usually follow down, and vice versa. If both are travelling in the same direction then Geppy will fly in that direction, even better?
Stick the pivots and mid pivots on $/Yen to see where that may stall, which would in turn stall Geppy?
How about if cable is moving and $/Yen is stagnant. Do you use pivots on cable to look for possible stalling points on the Geppy too?
I use the pivots on all three pairs, IMO the Yen traders really like the pivot areas.

I have open on my computer 6 charts, 2 of each pair, one 5M chart, and one 15M/1H that I toggle back and forth between 1H/15M for viewing and placing fibs.

From what I have seen UJ affects GJ more than GU does. If Cable is doing nothing a one pip move in UJ will give us a 2 pip move on GJ, if UJ is doing nothing a Cable one pip move will give us a 1 pip move on GJ.

When they both get going in the same direction...............hide the women and children............look out
trading naked.......
  • #634
  • Edited 2:18am Mar 10, 2008 1:32am | Edited 2:18am
GM.

At night placed a selllimit order @ 300 pip range m15 fib right on the upper DZ @ price 206.77, also this was blue m5 130 pip range fibs 50% zone. Order got filled and my TP @ FE 0.786 hit for 103pips.

edit: blue m5 fibs T1 hit as im posting and now T2 missed by 2 pips
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  • #635
  • Mar 10, 2008 2:20am Mar 10, 2008 2:20am
nice job belekas,

I was gone for this weekend and my brokers feed doesn't turn back on till Sunday afternoon (my time) so I didn't see any of the oval shaded area till I came home this evening and had my fib still left from Friday's mini swing after the big swing. I didn't get a chance to enter into this one but with keeping that Friday fib placement we had some nice bounces off the 50, the DZ and the AL before a nice run downward.
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trading naked.......
  • #636
  • Mar 10, 2008 2:25am Mar 10, 2008 2:25am
Yes Pph, was a nice move down, im waiting for the next entry, interesting what do the Brits bring us. Any predictions mate? UJ above its s2 pivot, cable looks like going down.
  • #637
  • Mar 10, 2008 2:34am Mar 10, 2008 2:34am
Cable had 3 solid days of up, up, up, ending last week on a high........looks like it may be retracing a bit.

I was just watching a video on Bloomberg.com of some analyst from RBS who thinks USD/JPY will go down further to 100 this week......he doesn't really think there will be any intervention at those levels.

I'm dead tired from being gone all weekend.....I'm gonna get some sleep and get back at it tomorrow.

Good luck......
trading naked.......
  • #638
  • Mar 10, 2008 2:50am Mar 10, 2008 2:50am
Have a good sleep mate, and let us know when you get back. Im waiting for a big drop on GJ, a really big drop
  • #639
  • Mar 10, 2008 10:12am Mar 10, 2008 10:12am
Nodody wants to master this lovely Issy's method or im posting here alone?
  • #640
  • Edited 10:39am Mar 10, 2008 10:34am | Edited 10:39am
3 ifib trades today, the last short from 50% @ 206.32 hit T1 @ 205.61 and goes for T2. T1 ~87 pips.

Anyone from you guys have Pivot points indicator with TimeZone setup option and possibility to turn Off the Sunday's data?
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