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USD/JPY Discussion

  • #1,541
  • Aug 2, 2007 6:24am Aug 2, 2007 6:24am
Whats happening in the market, not much movement today
  • #1,542
  • Aug 2, 2007 6:32am Aug 2, 2007 6:32am
Anyone shorting the the pair right now ???
  • #1,543
  • Aug 2, 2007 6:44am Aug 2, 2007 6:44am
Quoting rav700
Anyone shorting the the pair right now ???
I am short @ 91 on the yen now...

a) I cant see much mommentum for the players...
b) I guess they are all waiting for NFP..So it should range...
c) My objective is 30 pips
d) I think the risk reward ratio for this trade at this momment in time is pretty good...

Comments....welcome
  • #1,544
  • Aug 2, 2007 6:49am Aug 2, 2007 6:49am
Might turn out well. I thought about shorting but I'm waiting for US OPen
  • #1,545
  • Aug 2, 2007 6:54am Aug 2, 2007 6:54am
Quoting dove_alliance
it is each individual decision of when to get in the limit is the central pivot 118.91.
Hello Dove.
I have been here reading your post for quite sometimes and I think you are a great person willing to share you thought with everyone unselfishly. I want to thank for that.
I have a question about central Pivot.
How do you get the Centrad pivot? I thought it was the opening of the next day candle at 17:00 is that it or the HIGH of that candle??
Sorry if this is off the subject right now.
  • #1,546
  • Aug 2, 2007 6:54am Aug 2, 2007 6:54am
He's already explained it several times. Re read thread please
  • #1,547
  • Aug 2, 2007 7:23am Aug 2, 2007 7:23am
Certainly took a bit longer than expected, but still got there.
H1 Fibo extension now almost complete, unless it wants to take it to 1.618 level at 119.24 level.

Sit out a wait a bit more.

Quoting jasonowl
yeah this move has a remote chance of getting to 119.09 area at the rate its going...
Chances favour the prepared.
  • #1,548
  • Aug 2, 2007 7:30am Aug 2, 2007 7:30am
I'm gonna risk some profits and see if I can a small carry trade going :-D
  • #1,549
  • Aug 2, 2007 7:56am Aug 2, 2007 7:56am
hey short sell at 119.28 good ?
  • #1,550
  • Aug 2, 2007 7:59am Aug 2, 2007 7:59am
The 200 day MA is at 119.58 so keep that in mind.
Patience + Humility + Study = Success
  • #1,551
  • Aug 2, 2007 8:04am Aug 2, 2007 8:04am
Quoting DutchTrader
The 200 day MA is at 119.58 so keep that in mind.
i sold and earned 20 pips which is good anyways thanks
  • #1,552
  • Aug 2, 2007 8:09am Aug 2, 2007 8:09am
Dove

I tried downloading that link on the pivot point calculator software

http://www.bestvistadownloads.com/so...-uyiktrtd.html

I get an error message "the application failed to initialize properly"
  • #1,553
  • Aug 2, 2007 8:15am Aug 2, 2007 8:15am
Hey money...do you see 118.90ish the end of the current mono wave?
  • #1,554
  • Aug 2, 2007 8:19am Aug 2, 2007 8:19am
Quoting s3padrian
Hey money...do you see 118.90ish the end of the current mono wave?
What? I can't even get into the calculator.
  • #1,555
  • Aug 2, 2007 8:24am Aug 2, 2007 8:24am
Quoting s3padrian
Hey money...do you see 118.90ish the end of the current mono wave?
hey mate how many trades do u do in a day? and what do u reckon should be a minimum amount to start with in forex? and do u only trade in usd/jpy
  • #1,556
  • Aug 2, 2007 8:28am Aug 2, 2007 8:28am
Quoting moneypip
What? I can't even get into the calculator.
Ah, you don't use metatrader. Let me test the calculator for you..

And I meant with the mono wave happning south..do you think it's a good chance to get in on a buy at around the 118.90 level.
  • #1,557
  • Aug 2, 2007 8:30am Aug 2, 2007 8:30am
Works for me. Download it and double click it. No viruses.

You're using Windows right?
  • #1,558
  • Aug 2, 2007 8:34am Aug 2, 2007 8:34am
Quoting bksujal
hey mate how many trades do u do in a day? and what do u reckon should be a minimum amount to start with in forex? and do u only trade in usd/jpy

I blew my account from 5k to 300 dollars and now been rebuilding back up. Learned a lot on the way down and getting better with 300 dollars than I ever was at 5k. I'm paying a huge price for FOREX lessons .

My advice..open up a 500-1000 account and trade 2%-5% and no more.

Have s/l. I didn't let profits run and I kept losers.

Learn from my mistakes. I did :-D
  • #1,559
  • Aug 2, 2007 8:37am Aug 2, 2007 8:37am
Quoting s3padrian
Ah, you don't use metatrader. Let me test the calculator for you..

And I meant with the mono wave happning south..do you think it's a good chance to get in on a buy at around the 118.90 level.
Yes I am using a Metatrader 4
  • #1,560
  • Aug 2, 2007 8:38am Aug 2, 2007 8:38am
Quoting moneypip
Yes I am using a Metatrader 4
and I do have windows
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