The 5m cable gave a buy off its 50% retrace and UJ gave a sell of its 5m DZ - lets hope that cable's buy was a short term signal caused by the Euro and the UJ now makes new lows under 107.16....lol, its Freaky Friday again!

Intra Day Yen - Naked

5m GJ IFib walked — Patience works! Nice Sell off the 50% line on this pull back Edit: the better than expected Euro PMI data has spiked the Euro up and cable's following....more patience needed!

Intra Day Yen - Naked

Off the 5min I'm seeing an equal high in UJ - just under its 15m DZ and 2 lower highs in cable. These have made 2 lower highs in GJ. GJ now on its Daily Pivot at 210.84 - I'd like to see a bounce before trying a small sell....

Intra Day Yen - Naked

15m charts — Yesterday mornings UK data was positive for cable which spiked up and continued on up throughout the day. Yesterday afternoons US data was negative for the dollar which had a big spike down and has since slowly made it back up ...

Intra Day Yen - Naked

Thank you, I was suspicious when it past the 107.28 high, but couldnt make it to the 108.36 high. The unexpectedly poor Philly Fed data sent UJ down hard - without me onboard. Edit: Now to wait for the retrace.

Intra Day Yen - Naked

UJ 15m — Here was the buy on the retrace back to the 50% level.....lets see how far it goes.....

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When News Trading was still viable - 6+ months ago - we would fib the start of the news candle to the spike H / L and then look to get in on the retrace. I was too slow to put up this fib as I was on the 5m chart - but just look at that ...

Intra Day Yen - Naked

5m GJ IFib walked — A pull back to the 50% line = todays R1 level at 210.80 would be very nice...the equilivent chart on cable puts its 50% at 9505....

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15m cable — T1's hit on this 15m chart.....now to see if there's a retrace on a lower TF to allow another buy......

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T1 and T2 hit, rescue mission accomplished image

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5m GJ IFib walked — GM - up too late to get in on the start of the last move, so now doing a rescue mission with a buy on the retrace!

Intra Day Yen - Naked

Hi Jared - I dont post any trades - just the total move from the entry points - and yes, I scale out of trades and also lock in profits early. I've just renamed the fib levels - the 38 and 62 are the Decision Zone - where price decides to reverse - ...

Intra Day Yen - Naked

15m charts — The best move today was the sell in cable from an earlier chart - the magenta line was the trade. Now price is back in the DZ. After the sell off in the early Asian Session GJ has been chopping around in a 120 pip range - lets ...

Intra Day Yen - Naked

Then there's the FOMC minutes later at 7pm GMT - GJ could range until then

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I've been waiting for the US data and now for the markets to settle down

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Hi GM - I see you're doing some real nice trading... image To save loads of discussion about the different broker's prices and spreads I just quote the range that the move made and let everyone work out how much they got - and like you, I'll often ...

Real Time Fibonacci Analysis

5m cable — This was the chart that I had earlier - a Sell at the 50% level - also the M2 level - the blue line at 9465. Since it hit my T1 its been in a norrow range waiting for the US data

Real Time Fibonacci Analysis

I totally agree - once you have mastered the basics - real money concentrates the mind like nothing else!

Real Time Fibonacci Analysis

Hi Jared - you may have seen the thread that I created to move trading off Skunny's thread and focus on fibs with GJ, UJ and cable. Good luck with your's - its hard work and can interfere with your own trading at busy times! Islander

Real Time Fibonacci Analysis

Agreed - remember the MPC of the BOE's minutes are due at 9:30 GMT - 55mins time. These are important so expect cable to be choppy until then. I'm in "hit and run" mode taking 30 or 40 pips as soon as I can and probably wont trade again until after ...

Intra Day Yen - Naked