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USD/JPY Discussion

  • #1,221
  • Jul 31, 2007 2:35pm Jul 31, 2007 2:35pm
Quoting moneypip
would you go long from here?
No - I would not - in fact, I'm out now until Tokyo comes at 20:00.... I will set my pivots at 17:00 and then wait to see what Asia wants to do and then start focusing on the pivots from there.
The Dove - Forex Trainer
  • #1,222
  • Jul 31, 2007 2:37pm Jul 31, 2007 2:37pm
Also, this market is still in a down mode.
The Dove - Forex Trainer
  • #1,223
  • Jul 31, 2007 2:44pm Jul 31, 2007 2:44pm
As of right now, we are looking at another attempt for 118.00.
The Dove - Forex Trainer
  • #1,224
  • Jul 31, 2007 2:44pm Jul 31, 2007 2:44pm
Dow is selling off again!
  • #1,225
  • Jul 31, 2007 2:49pm Jul 31, 2007 2:49pm
Quoting moneypip
Dow is selling off again!
Believe me - The Dow has nothing to do with the market we are in now. Nor does the stock or S&P 500 or any other market..... The 4X stands alone and is very unpredictable.
The Dove - Forex Trainer
  • #1,226
  • Jul 31, 2007 2:57pm Jul 31, 2007 2:57pm
I'm hearing on CNBC and Kathy Lien at FXCM that there is a correlation
between the dow and the carry trades.
They probably don't know what they are talking about.
  • #1,227
  • Jul 31, 2007 2:59pm Jul 31, 2007 2:59pm
The target for this down is 118.33
The Dove - Forex Trainer
  • #1,228
  • Jul 31, 2007 3:01pm Jul 31, 2007 3:01pm
Quoting moneypip
I'm hearing on CNBC and Kathy Lien at FXCM that there is a correlation
between the dow and the carry trades.
They probably don't know what they are talking about.
Well, let me say this: many times I have seen the 4X go the other direction than the Dow.... I'll leave it there..... But remember this, the banks has the control.
The Dove - Forex Trainer
  • #1,229
  • Jul 31, 2007 4:12pm Jul 31, 2007 4:12pm
Quoting dove_alliance
Believe me - The Dow has nothing to do with the market we are in now. Nor does the stock or S&P 500 or any other market..... The 4X stands alone and is very unpredictable.





H1 EURJPY Vs DOW

http://www.moneyexpertsclub.net/foru...3&d=1184671119


4H EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...2&d=1184671119


8H EURJPY Vs DOW

http://www.moneyexpertsclub.net/foru...3&d=1184671119


DAILY EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...4&d=1184671119


WEEKLY EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...5&d=1184671119


Many Thanks

  • #1,230
  • Jul 31, 2007 4:22pm Jul 31, 2007 4:22pm
Quoting Clusterwise





H1 EURJPY Vs DOW

http://www.moneyexpertsclub.net/foru...3&d=1184671119


4H EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...2&d=1184671119


8H EURJPY Vs DOW

http://www.moneyexpertsclub.net/foru...3&d=1184671119


DAILY EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...4&d=1184671119


WEEKLY EURJPY Vs DOW


http://www.moneyexpertsclub.net/foru...5&d=1184671119


Many Thanks

I appreciate the interest but I really don't care where those links lead to for one thing, I do not trade the EUR - in fact, I trade only the one pair - usd/jpy.
The Dove - Forex Trainer
  • #1,231
  • Jul 31, 2007 4:43pm Jul 31, 2007 4:43pm
Quoting dove_alliance
I appreciate the interest but I really don't care where those links lead to for one thing, I do not trade the EUR - in fact, I trade only the one pair - usd/jpy.

I tried to correct some facts here, no hard feelings
  • #1,232
  • Jul 31, 2007 4:49pm Jul 31, 2007 4:49pm
Quoting dove_alliance
Well, let me say this: many times I have seen the 4X go the other direction than the Dow.... I'll leave it there..... But remember this, the banks has the control.
The elliot wave guru over at DailyFX mentioned last week in the aftermath of the selloff that traders should trade USD/JPY as they would the market indices. Since then, it has traded in near lockstep with the ES (S&P500 emini). I'll agree that the correlation is statistically insignificant in the past, but recently (and until this volatility settles down) it's worth keeping an eye on.
  • #1,233
  • Jul 31, 2007 4:53pm Jul 31, 2007 4:53pm
Quoting Clusterwise
I tried to correct some facts here, no hard feelings
The facts remain to be seen..... there are over 2 trillion dollars that goes through this market every day..... Who do you think puts that money into this market.... Bankers from all over the world does.... The dow or stock market has no control over the 4X when it comes to volatility or even the momentum. If you had been a trader two years ago you would know what I am saying.... The volatility in the market today is a whimp compare to what it was back then..... One day you will be in a trade depending on the dow and then you will see the facts of who has the control.
The Dove - Forex Trainer
  • #1,234
  • Jul 31, 2007 4:53pm Jul 31, 2007 4:53pm
Quoting Mina
just see how price reacts to pivots and fibos today
yesterday was even more obvious
Obvious indeed, especially in hindsight. I had set an alarm to trigger if that 119.50 pivot level was hit. When it wasn't breached, it was an excellent short entry.. don't ask me why I didn't partake..
  • #1,235
  • Jul 31, 2007 5:00pm Jul 31, 2007 5:00pm
Quoting Trader KGB
Obvious indeed, especially in hindsight. I had set an alarm to trigger if that 119.50 pivot level was hit. When it wasn't breached, it was an excellent short entry.. don't ask me why I didn't partake..
The pivot was 119.46 in which it did hit and that was it.
The Dove - Forex Trainer
  • #1,236
  • Jul 31, 2007 5:04pm Jul 31, 2007 5:04pm
Quoting dove_alliance
The pivot was 119.46 in which it did hit and that was it.
If you were actively trading at that time, I take it you'd have gone short?
  • #1,237
  • Jul 31, 2007 5:07pm Jul 31, 2007 5:07pm
Quoting Trader KGB
If you were actively trading at that time, I take it you'd have gone short?
No - I set a limit for the pivot and a stop with 10 pip profit and went to bed.
The Dove - Forex Trainer
  • #1,238
  • Jul 31, 2007 5:08pm Jul 31, 2007 5:08pm
Naturally, when I got back to the market the profit was in my account.
The Dove - Forex Trainer
  • #1,239
  • Jul 31, 2007 5:12pm Jul 31, 2007 5:12pm
Quoting Trader KGB
Obvious indeed, especially in hindsight. I had set an alarm to trigger if that 119.50 pivot level was hit. When it wasn't breached, it was an excellent short entry.. don't ask me why I didn't partake..
at hinsight ? lol
actually I took profit at 119.49 and called it a day wasn't too sure about this 100+ move
  • #1,240
  • Jul 31, 2007 5:12pm Jul 31, 2007 5:12pm
Quoting dove_alliance
Naturally, when I got back to the market the profit was in my account.
Wow very nice Dove. And then you also went short from the breach at 119.04 and took profit at 118.74? Not bad for one day!
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