DislikedAren't these numbers going to fluctuate depending on your broker and their market time?Ignored
The Dove - Forex Trainer
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedAren't these numbers going to fluctuate depending on your broker and their market time?Ignored
DislikedRight, mine is at the same time. What if someone else's Daily market doesn't close at 1700ET? Or do they all close at 1700ET no matter who you are with?Ignored
DislikedQUESTION:
Where did you get the numbers for the calculation? Because it is wrong.Ignored
DislikedHi, I am using Oanda for my broker and I looked at the daily candle for yesterday July 31 and just place the high, low, open and close of yesterdayIgnored
DislikedYesterday pivots are:
R3 - 120.28
R2 - 119.88
R1 - 119.23
PIVOT - 118.83
CENTRAL - 118.60
S1 - 118.18
S2 - 117.78
S3 - 117.13Ignored
DislikedIt loves 118.70 Do you think it wants to go back up to the mid pivot? I'm waiting for the 118.21 Pivot..but looks like 118.53 may be all we get?Ignored
DislikedThe reason I picked 117.70 for entry was, for me, a good time to get in . The S3 is 117.13, BUT, there was one major factor stopping it from going on to the S3 and that is a major, major support at the 117.60. It hit the 117.60 and came to a dead stop and that was the end of that drive down. If it was going on to the S3 then the drive would had continue.
One of my indicators I use is a Linear Regression set on the right base and parameter running on the main chart. This LR is set up to make a crossing with one of my moving averages. When this happens a sweep begins and consolidation is taking place for a turn around. At this point I knew that any retraces that will occur during this turn around will only be to the support of 117.60 . And how did I know it was heading for the central pivot? The reason is because of the major support at the 117.60 .. Any time the usd/jpy hits a major support or resistance it WILL return to where it came from provided it did not bust through.Ignored
DislikedRight now it is between the two pivots - 118.91 and 118.50. It will hit the 118.50 sometime this evening and who knows from there until it gets there.
I'll know more when Tokyo comes in and make a decision on their trades.Ignored
DislikedI am looking at the charts and it seems like shorting the yen might be a bit risky......I currently have 2 orders open at these level....One order at 70 as I got in a bit 3 early and another order at 79...I guess right now patience is what is required till tokoyo opens....
Best of luck happy trading rav...Ignored