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USD/JPY Discussion

  • #1,041
  • Jul 26, 2007 9:05pm Jul 26, 2007 9:05pm
Interesting. I've just been using them as targets/supports/resistance/etc. I'll have to look into it more.
  • #1,042
  • Jul 26, 2007 9:07pm Jul 26, 2007 9:07pm
Ok..so middle pivot is 119.30. And if it breaks that you believe it'll get to the 119.70 pivot. How do you know it won't go to the 118.59?
  • #1,043
  • Jul 26, 2007 9:17pm Jul 26, 2007 9:17pm
Quoting s3padrian
Ok..so middle pivot is 119.30. And if it breaks that you believe it'll get to the 119.70 pivot. How do you know it won't go to the 118.59?
Once it hits the daily pivot at 119.30 it will then determine which way it will go. Your major play is between the daily and the central pivots. once the candles get in between these two pivot then you wait to see if it travels above the central or below.... if it travels above the central then it will have a mark of the first pivot.... may it be the daily or the R1.... visa vera for the short.

Right now it is knocking at the 119.13 again and if it does NOT break through this time I will take my profit and go home.
The Dove - Forex Trainer
  • #1,044
  • Jul 26, 2007 9:21pm Jul 26, 2007 9:21pm
so if it doesn't break the 119.30...It may be time to short again. Alright.
  • #1,045
  • Jul 26, 2007 9:23pm Jul 26, 2007 9:23pm
Wait..119.13..Where'd that number come from?
  • #1,046
  • Jul 26, 2007 9:25pm Jul 26, 2007 9:25pm
Quoting s3padrian
so if it doesn't break the 119.30...It may be time to short again. Alright.
If it does not break then it will play between the two pivots until in the morning sometime
The Dove - Forex Trainer
  • #1,047
  • Jul 26, 2007 9:28pm Jul 26, 2007 9:28pm
OK - it broke the 119.13 and on now to the 119.30.
The Dove - Forex Trainer
  • #1,048
  • Jul 26, 2007 9:38pm Jul 26, 2007 9:38pm
Quoting s3padrian
Wait..119.13..Where'd that number come from?
119.13 was yesterdays S3
The Dove - Forex Trainer
  • #1,049
  • Jul 26, 2007 9:42pm Jul 26, 2007 9:42pm
I applied it to GBPJPY and snagged 30 pips. USDJPY I got in late and I just took 1 pip. I'll see where it goes from here and then jump on past the break.
  • #1,050
  • Jul 26, 2007 10:04pm Jul 26, 2007 10:04pm
Well, traders - if any of you had follow my que you would had already made 100 pips on this trip up. I took my profit at the 119.20 and getting ready for bed to start a new day tomorrow.... When it hits the 119.30 start looking for a major retrace... it is possible it will continue up because the upper trend line on this down is at the 120.20 which is another 100 pips.... good luck
The Dove - Forex Trainer
  • #1,051
  • Jul 26, 2007 10:09pm Jul 26, 2007 10:09pm
Thank you Dove! Can't wait to see where it goes!
  • #1,052
  • Jul 27, 2007 2:37am Jul 27, 2007 2:37am
Blah.. It fell so I aimed for the pivot..it went past the pivot so I opened another short position...Not a great idea.

Goodnight
  • #1,053
  • Jul 27, 2007 4:15am Jul 27, 2007 4:15am
I wait a decrease of the pair till 116.50 in the middle-term
  • #1,054
  • Jul 27, 2007 5:11am Jul 27, 2007 5:11am
Alot will also depend on the USD News this morning... more positive news is coming for US in regards to GDP report than negative, so chances are this will go back above 120 after the news... will it stay there? Depends on if the Stock Market has a recovery in my opinion because asian markets were down all night.

This has been a volitile week for currencies due to news after 2-3 weeks of channeling.

Argonath
  • #1,055
  • Jul 27, 2007 6:35am Jul 27, 2007 6:35am
Quoting dove_alliance
I have been trading the usd/jpy for over two years now and always, always, made the pips in the trend...... If you know how to use proper indicators you too would know when the trend is in.

One other thing.... Trends can last from 24 hours to 2 months.... That is why I never go against the trend.... Retraces can be as much as 40 - 60 pips.... but no-matter what.... The trend will come back in..

So how far down are you? 200-300 pips with your positions at the moment?
  • #1,056
  • Jul 27, 2007 8:02am Jul 27, 2007 8:02am
Guys may I ask you what was the lowest point of AUD/JPY last night? I want to check a few weird things, thanks in advance
  • #1,057
  • Jul 27, 2007 8:03am Jul 27, 2007 8:03am
a pro.

pips after pips. profits after profits.

i am.
unstoppable.
BAM BAM BOOM! -bravado
  • #1,058
  • Jul 27, 2007 8:26am Jul 27, 2007 8:26am
Quoting Vlad
Guys may I ask you what was the lowest point of AUD/JPY last night? I want to check a few weird things, thanks in advance
101.4

Rode up to the 119.15. Currently short from 119.05 we shall see
Patience + Humility + Study = Success
  • #1,059
  • Jul 27, 2007 8:36am Jul 27, 2007 8:36am
Quoting DutchTrader
101.4
On mine platform its 101.435. Hmm
  • #1,060
  • Jul 27, 2007 9:36am Jul 27, 2007 9:36am
Quoting bravado
a pro.

pips after pips. profits after profits.

i am.
unstoppable.
How about you send some my way :-/
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