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USD/JPY Discussion

  • #1,461
  • Aug 2, 2007 1:08am Aug 2, 2007 1:08am
In fact..it may be time to sell around 188.83
  • #1,462
  • Aug 2, 2007 1:09am Aug 2, 2007 1:09am
Quoting s3padrian
Does it always come back to the daily pivot??? Is that like something we can really count on?
When the yen is moving between the central and the daily, it will always move as it is now. When the scenario comes up with the central and the daily are only 10 pips or less on the spread then it will be a different trading then what is going on now. When that happens I will show everyone how to do it.
The Dove - Forex Trainer
  • #1,463
  • Aug 2, 2007 1:10am Aug 2, 2007 1:10am
Quoting dove_alliance
I fully hedge on both..... At one point I was over 89 pips in the hole.....
How were you 89 pips in the hole if fully hedged on both positions?
  • #1,464
  • Aug 2, 2007 1:11am Aug 2, 2007 1:11am
Quoting dove_alliance
When the yen is moving between the central and the daily, it will always move as it is now. When the scenario comes up with the central and the daily are only 10 pips or less on the spread then it will be a different trading then what is going on now. When that happens I will show everyone how to do it.
Interesting.. Let's see if I can hold this long till the daily pivot.
  • #1,465
  • Aug 2, 2007 1:14am Aug 2, 2007 1:14am
Quoting Trader KGB
How were you 89 pips in the hole if fully hedged on both positions?
That was just on the long trade I had at first..... The margin was always the same I can't remember the number of pips in the hole with the hedge but it was that many..... some where around 15 or so.
The Dove - Forex Trainer
  • #1,466
  • Aug 2, 2007 1:17am Aug 2, 2007 1:17am
Quoting dove_alliance
That was just on the long trade I had at first..... The margin was always the same I can't remember the number of pips in the hole with the hedge but it was that many..... some where around 15 or so.
But after I cleared the hedges was a different story on the - sign..... smiling.... I had two longs in the hole and I placed the third when it went back up.
The Dove - Forex Trainer
  • #1,467
  • Aug 2, 2007 1:23am Aug 2, 2007 1:23am
it struggles at 118.83 which convinced me to take profit from a long.

is it gonna retrace ~ 20 pips and try again to go to ~ 118.9 ?
slowly but steady is the answer.
  • #1,468
  • Aug 2, 2007 1:25am Aug 2, 2007 1:25am
Quoting greatserge
it struggles at 118.83 which convinced me to take profit from a long.

is it gonna retrace ~ 20 pips and try again to go to ~ 118.9 ?
There is nothing wrong by taking profit...... Trade the way you see it and not by someones else suggestions.
The Dove - Forex Trainer
  • #1,469
  • Aug 2, 2007 1:28am Aug 2, 2007 1:28am
Quoting greatserge
it struggles at 118.83 which convinced me to take profit from a long.

is it gonna retrace ~ 20 pips and try again to go to ~ 118.9 ?
As of right now it has been a good trade and profit should be good for everyone on this trade. All you are doing right now is learning about pivots. once you get comfortable with it you will do better.
The Dove - Forex Trainer
  • #1,470
  • Aug 2, 2007 1:30am Aug 2, 2007 1:30am
on the picture bellow is how should go trend to the next point from B to C. The point c has two targets, 1st is 119.80-here is resistance and could be short flat and maybe will brake this resistance and could go up to 2nd target 120,73. nice day

http://img525.imageshack.us/img525/6...jpyccp3.th.gif

www.trading-fx.com
  • #1,471
  • Aug 2, 2007 1:30am Aug 2, 2007 1:30am
I want everyone to know because I stay in a trade does not mean you have to do the same. I give the limit and it is up to you how much you want of it.
The Dove - Forex Trainer
  • #1,472
  • Aug 2, 2007 1:37am Aug 2, 2007 1:37am
Once we get to the central pivot it may go on to the 119.13..... if it does then, the possibility of 119.41 is in play.
The Dove - Forex Trainer
  • #1,473
  • Aug 2, 2007 1:39am Aug 2, 2007 1:39am
I need to sleep, but I'd like a chance at getting in a good position on possibly an upward trend
  • #1,474
  • Aug 2, 2007 1:43am Aug 2, 2007 1:43am
I'm taking profit at the 75.
The Dove - Forex Trainer
  • #1,475
  • Aug 2, 2007 1:44am Aug 2, 2007 1:44am
as one greatc trader once said:
Quote
MOOOOVEE B*TCH. damn, im gettin tired of this ranging 4 pips
lol
  • #1,476
  • Aug 2, 2007 1:46am Aug 2, 2007 1:46am
The reason I did that is because the retrace will be more than I want. after this retrace I will get back in to finish it up
The Dove - Forex Trainer
  • #1,477
  • Aug 2, 2007 1:46am Aug 2, 2007 1:46am
Quoting dove_alliance
I'm taking profit at the 75.
Time to look towards the central pivot?
  • #1,478
  • Aug 2, 2007 1:47am Aug 2, 2007 1:47am
Quoting dove_alliance
Once we get to the central pivot it may go on to the 119.13..... if it does then, the possibility of 119.41 is in play.

central pivot ? is it at 118.51?

and whats the difference between central and daily pivot.
thanx in advance.
slowly but steady is the answer.
  • #1,479
  • Aug 2, 2007 1:47am Aug 2, 2007 1:47am
Quoting dove_alliance
The reason I did that is because the retrace will be more than I want. after this retrace I will get back in to finish it up

I'd like to go long at another position.. is that what you're doing as well?
  • #1,480
  • Aug 2, 2007 1:48am Aug 2, 2007 1:48am
Since couldn't get into the long.
Short at 118.79.
Will take a small profit!
Chances favour the prepared.
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