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Intra Day Yen - Naked

  • #641
  • Mar 10, 2008 10:37am Mar 10, 2008 10:37am
Quoting belekas
Nodody wants to master this lovely Issy's method or im posting here alone?

It looks like a great method, unfortunatley I work full time so can't sit in front of a screen all day to play it. What time of day is the best to trade this method.

I see from your posts that you are reaping a lot of pips. Do you have any idea on what your win:loss ratio is?

thanks

Rob
  • #642
  • Mar 10, 2008 11:01am Mar 10, 2008 11:01am
Im recovering my huge loss when i started trading 1 year ago. Im learning all the way, make stupid mistakes, dont follow my plan and get burned. Its a lovely method that works really good when you start seeying it. Dont know abouut your last question, still not enough for me to start normal life, i must recover the loss i had during my early trading days...

The last short GJ i posted hit T2 and went more down for a total of ~120pips and stopped right on s1 pivot, the moove followed YM's moove it broke fridays low and slipped down and took GJ for a ride including UJ.

edit: T3 hit @ 204.81 that gives us a 150pip moove...not bad
  • #643
  • Edited 11:59am Mar 10, 2008 11:46am | Edited 11:59am
Quoting belekas
Nodody wants to master this lovely Issy's method or im posting here alone?

Hi Belekas,
I am learning this method also because it could help to manage my trades.
Soon i will post also my screenshoots.


Best,
Tom
  • #644
  • Mar 10, 2008 12:00pm Mar 10, 2008 12:00pm
This is the best method out there that ive tried. Its simple, no fancy indicators, no thousands of lines, clean naked chart and your fib on it, nothing more. Just takes alot of practise and screentime on vhands or forextester

Anybody else wants to post?
  • #645
  • Mar 10, 2008 12:21pm Mar 10, 2008 12:21pm
Hi guys - I'm just passing by and thought I'd post this great set up for the US session - I see that Belekas has already scooped a load of pips off the earlier sell - nice!

Here the retrace to the 50% line was a clear sell - good for over 160 pips so far and that's before it reaches its first target at 204.23 - thats 235 pips from the 50% level!

Hope you guys got / get plenty of this move....http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: mar 10 gj 15m 1300.gif Size: 12 KB
Trading Levels with WRBs
  • #646
  • Mar 10, 2008 12:44pm Mar 10, 2008 12:44pm
Thank you Issy, we miss your charts and posts down here, hope you make it up one day

The big fib was a nice one, i deleted it somehow and used the smaller range one that worked out as well.

Hope your making good pips bro!
  • #647
  • Mar 10, 2008 1:09pm Mar 10, 2008 1:09pm
Quoting belekas
Im recovering my huge loss when i started trading 1 year ago. Im learning all the way, make stupid mistakes, dont follow my plan and get burned. Its a lovely method that works really good when you start seeying it. Dont know abouut your last question, still not enough for me to start normal life, i must recover the loss i had during my early trading days...

The last short GJ i posted hit T2 and went more down for a total of ~120pips and stopped right on s1 pivot, the moove followed YM's moove it broke fridays low and slipped down and took GJ for a ride including UJ.

edit: T3 hit @ 204.81 that gives us a 150pip moove...not bad
I was asking about your win:loss ratio with this Ifib method, rather than your trading in general.

Thanks

Rob
  • #648
  • Mar 10, 2008 1:48pm Mar 10, 2008 1:48pm
Quoting eltrot1979
I was asking about your win:loss ratio with this Ifib method, rather than your trading in general.

Thanks

Rob
you had you questions asnwered if u still seek answers read again, alright? the rest of the post is for the buddies that follow this thread and this method and also my friends, so if you dont like it, just leave and go post somewhere else

we clear?
  • #649
  • Mar 10, 2008 2:20pm Mar 10, 2008 2:20pm
Quoting eltrot1979
I was asking about your win:loss ratio with this Ifib method, rather than your trading in general.

Thanks

Rob
Rob,

Thanks for your interest in the Islander "I-fib" method. If you are truly interested in this method I would suggest reading Skunny's thread (the link is listed on page one of this thread). That is where Islander basically created his hybrid method in the shorter time frames.

I do not know my win:loss ratio using the Skunny/I-fibs method but I have not had a losing week since I started using Issy's method when he first started posting it on Skunny's thread, which is probably about two months now. That is not to say I have not had losing trades but by entering a position at the 50, DZ, or AL as opposed to waiting to enter on the breakout 100/0 lines your draw down is less if you do take a stop loss and, your profit potential from these areas to the T1 or T2 area are great R:R numbers.

I must say that part of my success has also been due to the teachings of fti in his Technical Analysis Fallacy thread. By using proper money management and successful rescue operations I feel like I now have a very powerful arsenal at my disposal if a trade goes the other way on me. It is critical to not get too piggish on my initial entry so that it then becomes difficult to rescue if need be.

You should open a demo acct and trade it exclusively using Issy's method and see what your own win:loss ratio would be to satisfy yourself.
trading naked.......
  • #650
  • Mar 10, 2008 2:31pm Mar 10, 2008 2:31pm
Quoting belekas
you had you questions asnwered if u still seek answers read again, alright? the rest of the post is for the buddies that follow this thread and this method and also my friends, so if you dont like it, just leave and go post somewhere else

we clear?
I think you need to re-read my question. I didn't say anything about not liking the method. All I'm looking for is an idea of the win ratio of the method. Simple really - why are you so defensive about it? What was it I said that annoyed you so much?!
  • #651
  • Mar 10, 2008 2:34pm Mar 10, 2008 2:34pm
Quoting piphitman
Rob,

Thanks for your interest in the Islander "I-fib" method. If you are truly interested in this method I would suggest reading Skunny's thread (the link is listed on page one of this thread). That is where Islander basically created his hybrid method in the shorter time frames.

I do not know my win:loss ratio using the Skunny/I-fibs method but I have not had a losing week since I started using Issy's method when he first started posting it on Skunny's thread, which is probably about two months now. That is not to say I have not had losing trades but by entering a position at the 50, DZ, or AL as opposed to waiting to enter on the breakout 100/0 lines your draw down is less if you do take a stop loss and, your profit potential from these areas to the T1 or T2 area are great R:R numbers.

I must say that part of my success has also been due to the teachings of fti in his Technical Analysis Fallacy thread. By using proper money management and successful rescue operations I feel like I now have a very powerful arsenal at my disposal if a trade goes the other way on me. It is critical to not get too piggish on my initial entry so that it then becomes difficult to rescue if need be.

You should open a demo acct and trade it exclusively using Issy's method and see what your own win:loss ratio would be to satisfy yourself.
Thanks for taking the time to reply piphitman - that's all I was looking for, a rough idea!
  • #652
  • Mar 11, 2008 1:00am Mar 11, 2008 1:00am
5M trade on GJ:

Enter position at DZ........UJ was going up, UJ hit M3.... at the same time GJ was hitting daily pivot, exited trade w/ 55pips before encountering any resistance. Will wait for next set up.
Attached Image (click to enlarge)
Click to Enlarge Name: tp at daily.gif Size: 14 KB
trading naked.......
  • #653
  • Mar 11, 2008 1:11am Mar 11, 2008 1:11am
It may be a while but.......waiting for GJ to get into the DZ and do it's thing.........thinking we may have a LONG trade on this pair this morning, time to take some patience pills and wait....... Toggling back and forth between 15M and 1H on this fib. Looking at 15M for best entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hour.gif Size: 17 KB
trading naked.......
  • #654
  • Mar 11, 2008 1:31am Mar 11, 2008 1:31am
GM everybody. Lovely trading PipHitman


Just woke up and getting ready. Does the pivots indicator you use has the option to set GMT+2 timezone and turn Sunday's data Off?
  • #655
  • Mar 11, 2008 1:40am Mar 11, 2008 1:40am
Here's the pivot indicator I use, I got it from Issy. It uses end of NY trading in determining pivots, My Broker is GMT (ODL Securities)

settings:
midpivots = true
Fhr = false
daily = true
weekly = false
monthly = false
Period1 = 1440
Attached File(s)
File Type: ex4 Pivot Points Multitimeframe eye.ex4   50 KB | 310 downloads
trading naked.......
  • #656
  • Mar 11, 2008 1:45am Mar 11, 2008 1:45am
looks like a bounce off the 50 and a slight retrace, wait 15 min or so till London and see what the Brits wanna do with it.
Attached Image
trading naked.......
  • #657
  • Mar 11, 2008 1:47am Mar 11, 2008 1:47am
Yes, he sent me this days ago, i have GMT+2 on my NF broker, and its no good, because here you cant change the timezone nor ignore Sundays data i think. What DP you have on GJ and UJ right now? I need someone to code this indicarot and and timezone selector and sunday data functions Posted in mt4 forum, KGB sent me nice one but still same problems...
  • #658
  • Mar 11, 2008 1:51am Mar 11, 2008 1:51am
GJ = 204.75
UJ = 101.76
trading naked.......
  • #659
  • Mar 11, 2008 2:01am Mar 11, 2008 2:01am
Ok with DSX-tzpivots indicator where i can set timezone +2 i get same pivots like you posted brother but with the indicator your using i get them wrong, like GJ 204.94 and UJ 101.93, thats the point im talking about...The indicator that im using is not so nice like yours and dont have midpivots thats the main thing...
  • #660
  • Mar 11, 2008 2:05am Mar 11, 2008 2:05am
I've tried a million different pivot indi's too.....I really like the one Issy posted.

Before I got that one from Issy I was just going to tradethenews.com and manually set mine up that way.
trading naked.......
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