Thanks Affandiz - just trying to help everyone - me included! - to make some pips....

Intra Day Yen - Naked

Good morning Wolf - thanks - I too found thoses statistics quite compelling. Just looking back I see that the 208.14 area has held 4 times on the daily chart as ressistance, so with the support at 206.14, we currently have a 200 pip range to trade ...

Intra Day Yen - Naked

60m GJ chart — The rally is clearly running out of momentum - at least, judged by the action so far this week. The 50% fib here at 206.17 is reminding us that this area that was resistance will now be support and an hourly close under it will ...

Intra Day Yen - Naked

Good morning Pip - from the statistics that I posted above, the maximum rise after this weekly doji has been 220 pips - i.e. the 210 area - now that's a very nice round number!! - and well below the strong resistance around 214. For now, I favour ...

Intra Day Yen - Naked

GJ 15m chart update — Well the brits obliged with a push down out of this narrow range fib - good for 30 or 40 pips so far......but keep a close watch that this is not one of their famous "Big Ben" fake-outs.....

Intra Day Yen - Naked

GJ 15m chart — Here as we wait for the Europeans and Londoners to start trading is my 15 min chart. UJ has held in the Sunday / Asian session with a double top at Fridays high - 104.80 area and cable is also holding under Fridays high of ...

Intra Day Yen - Naked

GJ 4hr — I rarely post daily or 4 hour charts as the individual candles vary greatly from broker to broker - however, this shows GJ's current overall move. IF the 209 high holds, price could still fall to catch up with the last magenta gann ...

Intra Day Yen - Naked

GJ Weekly — Over the weekend I review my longer term charts and have posted the weekly GJ chart to focus on last weeks candle - a bearish long legged doji, with almost no upper wick. Hussin Naiji's statistics reveal that there have only been ...

Intra Day Yen - Naked

The idea of finding clusters of fib lines leading to a synchronicity of support / resistance is used extensively by Carolyn Boroden in her well known methodology for trading the stock market Indices. Some traders have adapted her approach to the FX ...

Fibonacci Trading with Bobokus

15 min chart — The last chart of the week - the rally overshot T2 and R2 by 30 or so pips before pulling back and bouncing just above the DZ - a continuation that then FAILED to make a new high. A clear signal for a fall - that pull back ...

Intra Day Yen - Naked

15m GJ — As we can never be certain how far a move will go, I trade in multiple lots and exit some of my position as price hits target areas - here the stall at the R1 level of 206.60, and then put in a stop on the remainder to lock in some ...

Intra Day Yen - Naked

LOL - try this for naked trading! url

Intra Day Yen - Naked

5m GJ — Cable actually made a new low 15 mins after the London Open and this pulled GJ down into the top of its DZ and onto support from a gann line. 100+ pips were available from that Buy Signal...... image

Intra Day Yen - Naked

UJ 5m chart - KISS — GJ's rally was on the back of this set up in UJ - another clear use of the pivots with confirmation from the upper DZ hit and support from a gann line. Timewise, the buy signal was 40 mins before Frankies Hour, so I guess ...

Intra Day Yen - Naked

That's the way to go Pip - it looks like it will test yesterdays low at 1.9684. As I said in my post yesterday, when GJ is in a sideways consolidation, its often best to concentrate on one of the majors and you're having success with cable - great ...

Intra Day Yen - Naked

UJ 5m chart - KISS — As GBPJPY is the cross of GBPUSD and USDJPY, it pays to watch the action on both of the majors - here UJ. Whilst fibos are a useful tool, sometimes its clearer just to watch the action around the daily pivot lines as shown ...

Intra Day Yen - Naked

[quote=ephisi;1967599] Just a case of "Sell the Rumour, Buy the Fact" - last time the news was bad and some people were expecting the same again and so went short - but the news came out in line with expectations, so price bounced back up a little.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hi Wolf - thanks - I'm finally comfortable with this naked stuff..... image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yeeks - so much clutter on these charts - try a KISS chart - here from yesterday, and still hanging around the 205 level. Take a Karmo Patience Pill and wait for the break - with todays news it will not be long in coming.....

Auslanco - GBP/JPY and GBP/USD (newstrade)

5m KISS — Back to actual trading off the shorter time frames, from yesterdays action after the Frankfurt Open..... Here's a good example of the KISS approach. A good reminder of simple price action with double tops and bottoms in this sideways ...

Intra Day Yen - Naked