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USD/JPY Discussion

  • #1,421
  • Aug 1, 2007 11:19pm Aug 1, 2007 11:19pm
when the candle hits the pivot and retrace and then looks like it will continue on.... be sure not to jump in.... it is on consolidating for the return tip.... just be patient and the rewards will come.
The Dove - Forex Trainer
  • #1,422
  • Aug 1, 2007 11:22pm Aug 1, 2007 11:22pm
Right now the sweep is taking place for the indicators to be in sync.
The Dove - Forex Trainer
  • #1,423
  • Aug 1, 2007 11:31pm Aug 1, 2007 11:31pm
right here is where you must really be focus. The S1 is at the 118.02.... Ask yourself this..... Will it be worth the chance after taking in a good profit.... Am I willing to take a chance or just wait. Because right now it looks real good for the S1..... what will happen if it did make it to the S1..... These are questions that must be asked before jumping into something that could or could not be good.
The Dove - Forex Trainer
  • #1,424
  • Aug 1, 2007 11:33pm Aug 1, 2007 11:33pm
I'm still seeing it falling to 118.18..but I'm not going to open any trades...too risky. Just going to sit out and watch the market
  • #1,425
  • Aug 1, 2007 11:35pm Aug 1, 2007 11:35pm
Now as for myself..... I would not take the chance and the reason why because if it did hit the S1 it will then make its turn.... But, the indicators says other wise.....
The Dove - Forex Trainer
  • #1,426
  • Aug 1, 2007 11:37pm Aug 1, 2007 11:37pm
like I said, right now it is making a sweep to place the indicators in sync for the return tip.
The Dove - Forex Trainer
  • #1,427
  • Aug 1, 2007 11:44pm Aug 1, 2007 11:44pm
Quoting dove_alliance
like I said, right now it is making a sweep to place the indicators in sync for the return tip.
Return.. back to the first pivot? All the way back up?
  • #1,428
  • Aug 1, 2007 11:45pm Aug 1, 2007 11:45pm
Quoting VishalJ
Return.. back to the first pivot? All the way back up?
Right now I'm on one more indicator to sync in.
The Dove - Forex Trainer
  • #1,429
  • Aug 1, 2007 11:47pm Aug 1, 2007 11:47pm
Patience - waiting for the right opportunity.
The Dove - Forex Trainer
  • #1,430
  • Aug 1, 2007 11:49pm Aug 1, 2007 11:49pm
Is this for it to climb down or up?
  • #1,431
  • Aug 1, 2007 11:49pm Aug 1, 2007 11:49pm
Quoting dove_alliance
Patience - waiting for the right opportunity.
The ironic thing is.. I was never patient with my profits (5 pips and i'd be happy) but extremely patient with my losses (-40 pips and would still keep holding..)
  • #1,432
  • Aug 1, 2007 11:50pm Aug 1, 2007 11:50pm
I have that same problem too...Hard to break..
  • #1,433
  • Aug 1, 2007 11:50pm Aug 1, 2007 11:50pm
Quoting VishalJ
The ironic thing is.. I was never patient with my profits (5 pips and i'd be happy) but extremely patient with my losses (-40 pips and would still keep holding..)
smiling - I've been there a time a time or two myself.
The Dove - Forex Trainer
  • #1,434
  • Aug 1, 2007 11:53pm Aug 1, 2007 11:53pm
Looks like on the hour we can get in.
The Dove - Forex Trainer
  • #1,435
  • Aug 1, 2007 11:54pm Aug 1, 2007 11:54pm
Quoting VishalJ
The ironic thing is.. I was never patient with my profits (5 pips and i'd be happy) but extremely patient with my losses (-40 pips and would still keep holding..)
Haha, you're not alone. I've done that too. The fear of losing few pips makes me close the trade and expectation of the lost trade to return to profit makes you hold it longer. hard to break it is.
  • #1,436
  • Aug 1, 2007 11:57pm Aug 1, 2007 11:57pm
usdjpy forming pin bar on hr1. might mean something. go up up n away!
  • #1,437
  • Aug 1, 2007 11:59pm Aug 1, 2007 11:59pm
it is each individual decision of when to get in the limit is the central pivot 118.91.
The Dove - Forex Trainer
  • #1,438
  • Aug 2, 2007 12:01am Aug 2, 2007 12:01am
What are you in at? I'm thinking of going long
  • #1,439
  • Aug 2, 2007 12:02am Aug 2, 2007 12:02am
Quoting s3padrian
What are you in at? I'm thinking of going long
What do think we have been posting..... long it is.
The Dove - Forex Trainer
  • #1,440
  • Aug 2, 2007 12:03am Aug 2, 2007 12:03am
Quoting dove_alliance
What do think we have been posting..... long it is.
Lol
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