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USD/JPY Discussion

  • #1,281
  • Jul 31, 2007 11:46pm Jul 31, 2007 11:46pm
Right now it is working on the turn around.
The Dove - Forex Trainer
  • #1,282
  • Jul 31, 2007 11:46pm Jul 31, 2007 11:46pm
I'm out of GBPJPY...USDJPY seems a lot more predictable and not as volatile. Hopefully I can re claim some losses I took in GBPJPY. Thank you for your help Dove.
  • #1,283
  • Jul 31, 2007 11:48pm Jul 31, 2007 11:48pm
There is such a thing in this market called "sync". Everything must be in sync for it to happen.
The Dove - Forex Trainer
  • #1,284
  • Jul 31, 2007 11:50pm Jul 31, 2007 11:50pm
Quoting dove_alliance
The market is over sold and it will only be a matter of time.
Doesn't that violate your don't trade based upon thought rule in a certain way? After all, isn't "oversold" a relative term?
  • #1,285
  • Jul 31, 2007 11:50pm Jul 31, 2007 11:50pm
What are we looking for to be NSYNC! Sorry I had to make myself laugh.

What are we looking for to snyc up?
  • #1,286
  • Jul 31, 2007 11:55pm Jul 31, 2007 11:55pm
Quoting Trader KGB
Doesn't that violate your don't trade based upon thought rule in a certain way? After all, isn't "oversold" a relative term?
Only what the indicators say.... That is not my thought. That is what the Slow K says.
The Dove - Forex Trainer
  • #1,287
  • Jul 31, 2007 11:56pm Jul 31, 2007 11:56pm
Quoting dove_alliance
There is such a thing in this market called "sync". Everything must be in sync for it to happen.
And exactly what does that mean?

Anyway, test of 118 is in progress, we shall see where this leads to in the European session. I have a feeling it is going to get uglier.
Patience + Humility + Study = Success
  • #1,288
  • Jul 31, 2007 11:57pm Jul 31, 2007 11:57pm
Quoting s3padrian
What are we looking for to be NSYNC! Sorry I had to make myself laugh.

What are we looking for to snyc up?
All indicators that I use must be in sync before the move takes place..
The Dove - Forex Trainer
  • #1,289
  • Aug 1, 2007 12:00am Aug 1, 2007 12:00am
right now all my indicators are working for sync on the move up..... Why do you think I don't always jump in.... I always say be patient and that is why....
The Dove - Forex Trainer
  • #1,290
  • Aug 1, 2007 12:05am Aug 1, 2007 12:05am
Quoting dove_alliance
right now all my indicators are working for sync on the move up..... Why do you think I don't always jump in.... I always say be patient and that is why....

Hey Dove. Looks like this price level is an important one. Will you share with me your indicators so that I know exactly what to look for in things lining up?
  • #1,291
  • Aug 1, 2007 12:10am Aug 1, 2007 12:10am
Quoting dove_alliance
Only what the indicators say.... That is not my thought. That is what the Slow K says.
dove, would you mind posting a screenshot of your chart & indicators? thanks

Trying to see where you're seeing the oversold indication. I'm looking at the slow stochastics now on the 5-min chart and it went oversold (under 20) when U/J was at 118.55, remained oversold for an hour as U/J hit the low, and is now around 50/neutral, despite the fact that U/J hasn't moved. You're still showing oversold at the moment?
  • #1,292
  • Aug 1, 2007 12:15am Aug 1, 2007 12:15am
Quoting s3padrian
Hey Dove. Looks like this price level is an important one. Will you share with me your indicators so that I know exactly what to look for in things lining up?
My indicators is something I give out to no one. But I will help you in a certain area.... There is a software in the market that is one of the most pronominal invention I have ever seen in this market..... I have used it in past but no longer need it because my trades are always right on..... Here is the link for this software http://www.fxuniversal.com/forex-tra...ampaign=action.... It will cost you, $199 for 2 month subscription or $249 for 3 months.
The Dove - Forex Trainer
  • #1,293
  • Aug 1, 2007 12:16am Aug 1, 2007 12:16am
Quoting Trader KGB
dove, would you mind posting a screenshot of your chart & indicators? thanks

Trying to see where you're seeing the oversold indication. I'm looking at the slow stochastics now on the 5-min chart and it went oversold (under 20) when U/J was at 118.55, remained oversold for an hour as U/J hits the low, and is now around 50/neutral, despite the fact that U/J hasn't moved. You're still showing oversold at the moment?
Oversold is on the daily
The Dove - Forex Trainer
  • #1,294
  • Aug 1, 2007 12:18am Aug 1, 2007 12:18am
Well I understand Dove, although I would love the help and see what you see.
  • #1,295
  • Aug 1, 2007 12:32am Aug 1, 2007 12:32am
Quoting dove_alliance
Oversold is on the daily
Ah but stochastics can remain oversold on the daily chart for weeks, even months. In a heavy trend, such as the sell-off underway, oscillators can be dangerous.
  • #1,296
  • Aug 1, 2007 12:35am Aug 1, 2007 12:35am
One great thing about this Yen and the pivots..... It will hit mark no-matter what. Even if it had retrace back to the central pivot it still will come back to close the door.
The Dove - Forex Trainer
  • #1,297
  • Aug 1, 2007 12:36am Aug 1, 2007 12:36am
Quoting Trader KGB
Ah but stochastics can remain oversold on the daily chart for weeks, even months. In a heavy trend, such as the sell-off underway, oscillators can be dangerous.
That is true but my 2 hour chart also says oversold which I don't think you have.
The Dove - Forex Trainer
  • #1,298
  • Aug 1, 2007 12:38am Aug 1, 2007 12:38am
This is major stuff . GBPJPY and USDJPY are at big supports. Decision time is a coming and most people predict south.

Dove, how are your numbers crunching out to be?
  • #1,299
  • Aug 1, 2007 12:39am Aug 1, 2007 12:39am
Quoting s3padrian
This is major stuff . GBPJPY and USDJPY are at big supports. Decision time is a coming and most people predict south.

Dove, how are your numbers crunching out to be?
Still consolidating for the turn.
The Dove - Forex Trainer
  • #1,300
  • Aug 1, 2007 12:44am Aug 1, 2007 12:44am
Probably another 45 minutes before the indicators will let me know.
The Dove - Forex Trainer
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