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Islander replied Apr 10, 20081 min chart — Update - another pull back into the new DZ and this time cable joined UJ in falling and took GJ down hard to the 199 level at FO, for another 80 pip drop. Now lets see what happens in the latest DZ
Intra Day Yen - Naked
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Islander replied Apr 10, 20081m GJ updated — More sell signals from the DZ early in the Asian Session for the drop first to the 200.00 level and finally to the pivot M1 line before a bounce back into the new DZ to reload the shorts. Up to 150 pips from the first shorts ...
Intra Day Yen - Naked
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Islander replied Apr 9, 20081m GJ updated — UJ bounced a little and GU came off - result GJ sideways. IMO unlikely there will be much action untill the Asian session. Next update will be before the Frankfurt Open
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Islander replied Apr 9, 20081m GJ updated — Clear moves between the pivot levels and the DZ. IF cable turns south and joins UJ - watch out below!
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Islander replied Apr 9, 2008There are no indicators as such on the chart, except the sweet spots which just saves me drawing the 50 and 100 levels manually - I've attached it. Edit: Sorry, I forgot the pivot levels - did you mean those?
Intra Day Yen - Naked
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Islander replied Apr 9, 20081m GJ — From now on I'll be concentrating on the 1m time frame, with less comments. The annotations on the charts will high-light the possible entries. For clarity, only the last fib will be shown.
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Islander replied Apr 9, 20085m GJ chart updated — This is the same fixed fibs chart updated. When price made a higher low by bouncing off the 201.50 level for the last time, this was a nice buy signal, followed by a 100+ pip run up to the next 50 level. Placing the fixed ...
Intra Day Yen - Naked
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Islander replied Apr 9, 2008What a gem..... — Wow - some else doing research into fixed price / range - what a good job I did some catching up in this thread!! I also use the 50 and 100 levels on GJ - and I was given an indicator to display them automatically - here they ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Islander replied Apr 9, 20085m GJ — This is another way of using the fibs for scalping off the 5m or even the 1m charts - just run a fixed fib off the 100 levels and the 50 levels Try it out and see if it works for you!
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Islander replied Apr 9, 20085m GJ — Now to the action.....the high so far is at the Frankfurt Open, on the touch of the lower DZ 15 mins ago. Will this and the falling gann line hold? - time will tell - also, remember the UK data that's due in two hours.
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Islander replied Apr 9, 2008GJ 15m — Here I've used the clearer low for the fibs high to give a slightly narrower range. The small failed move to new lows will be significant IF price has another failure around the 201 level. I'm not posting a cable chart as it has been ...
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Islander replied Apr 9, 2008UJ 15m — Updated chart, see the clean bounce off the 50% line 5 candles ago. Price held there for an hour. Now its held at the Daily Pivot and falling gann line.
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Islander replied Apr 9, 2008Hi - as Malcolmb has clarified that his pivots are calculated on a daily basis, you might find the attached pivot indicator useful. For good info on the use of pivots, go to the UJ thread, about last July and look up the posts by Dove Alliance - he ...
GBPJPY scalpers
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Islander replied Apr 8, 2008Hi Magnus - I dont trade EJ, and as we know, the EURUSD is a slower moving pair than cable, so I'd keep an eye on USDJPY as that will normally be the faster mover in this cross. If you are fairly new to trading Forex I'd stick with just watching EJ ...
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Islander replied Apr 8, 2008You're welcome - Bobokus is The Master here and I've only "borrowed" some ideas and adapted them to my current style of trading.... image
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Islander replied Apr 8, 2008As PipH is sleeping now, I'll comment. I watch USDJPY and GBPUSD whilst primarily trading GBPJPY and I'll have the same analysis on all three - apart from fibs, these include the 50 and 100 levels and the daily pivots from the 5pm EST close. Thus I ...
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Islander replied Apr 8, 2008GJ 5m — The lower high at o4:15 GMT under the falling gann line was the first sign to look for a short entry. This was just inside this DZ and under the 204 level, so a sell on the break of the green 200 ema provided a nice entry and the poor ...
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Islander replied Apr 8, 2008GJ 15m — Yesterday was an anaemic day - even for the usually quiet Monday. Whilst price was held by the falling gann line, it is currently still just inside its DZ, waiting for a resolution of the GU / UJ battle. We'll have to wait for LO and ...
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Islander replied Apr 8, 2008UJ 15m — On the hourly chart, UJ has pulled back into its DZ and remains there. On this chart, It has turned in the lower DZ and is trying to rally, but first has to break its falling gann line. If it does, that will give a buy signal.
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Islander replied Apr 8, 2008GU 15m — Yesterdays weak rally failed in the lower DZ, holding at the falling gann line. Now it needs to break under yesterdays low of 1.9830 if it is to continue on down - will the UK House Data due out in an hour provide the trigger?
Intra Day Yen - Naked