Right now it is at the Weekly Central and 6 pips below that is the Daily Central and the 1 hour is trying to push it down.... With very little luck.
The Dove - Forex Trainer
Standard Pivots and Fibonnaci Pivots? 9 replies
How To Predict Trends & Counter Trends? 7 replies
Pivots and Trends with the JPY 165 replies
Trading USD/JPY with only Pivots 2 replies
Pivots and the Daily Chart 8 replies
DislikedHello All,
Are you only looking at the USD/JPY? Or are you looking at other JPY pairs as well? I trade the AUD/JPY, EUR/JPY, and the GBP/JPY.Ignored
DislikedDove, can you explain a little more on this: quote from your email:
If it is in a sell you notice on top; the Light Blue, then Red, and then Dark Blue above the Yellow, and Visa-Versa on the buy.
and then you said,
Once the Dark Blue had crossed the red, you are then in profit.
My question is do these lines(light blue, red and dark blue) have to be in a sequence order above /underneath the yellow to trigger a buy/sell trade? or they just have to be all above/underneath the yellow, and then once the blue crosses the red, it is a confirmation?
Thanks a lot for everything you have done for us!Ignored
DislikedThey must be in sequence..... When the market is moving you will be able to see an early entrance and that will come with practice....Ignored
DislikedThanks, Dove
So to close a trade, are we looking at the crossing of the blue and the red, or with a pre-set TP of 7pip for 3MIN and 20pip for 20MIN?Ignored
DislikedI got in short at 115.20 and am currently at 115.15. What do you think is the next move? I was thinking the bands look like they will open up on the 20 min chart and the red and blue will cross in a few pips. But who knows besides you?!?!Ignored
DislikedStay with it till the mid? What do you mean by mid? Sorry if I am being troublesome? Im not am I?Ignored