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USD/JPY Discussion

  • #1,901
  • Aug 6, 2007 3:55am Aug 6, 2007 3:55am
Quoting rav700
I am still waiting for this break out just like many of yourselves on this board...It is stuck in this frustrating range and I dont want to trade without my indicators pointing in the right direction...but any views
More base building, I dont see much until the NY session. Mondays are typically slow might have to wait until tuesday
Just Trade It
  • #1,902
  • Aug 6, 2007 3:56am Aug 6, 2007 3:56am
Quoting dove_alliance
This trade is very unstable because of the central pivot at the 117.54 and a long term pivot at the 117.60..... This is why I got in below the central as it turn into a long term.... Now, because of the instability, if this should get back to the central pivot I will take profit and wait until the next move up.... Generally, this instability is not common but it does happen now and then.

what price did you enter at?
  • #1,903
  • Aug 6, 2007 3:59am Aug 6, 2007 3:59am
Quoting Forexpupil
Hi Dove

Good morning and good trades for all!

Can you say me what method do you use to calculate pivots? What do you call long term pivot? Is a weekly pivot? And central pivot? I have an pivot indicator (auto pivot) that gives me as Daily pivot 117.27, weekly pivot at 117.95. Iīm trying to see your levels but no one is just on my indicator. If you donīnt mind put a chart here. Thank you very much.
Here is the link for the calculator I use.....
http://www.bestvistadownloads.com/so...-uyiktrtd.html

Long term I use is on the weekly plus Pivots that are constantly pivoted on within the last 3 years.

One other thing: Do not use auto pivots they are not standard but only for Fibos.
The Dove - Forex Trainer
  • #1,904
  • Aug 6, 2007 4:01am Aug 6, 2007 4:01am
Quoting toppz
what price did you enter at?
117.50
The Dove - Forex Trainer
  • #1,905
  • Aug 6, 2007 4:11am Aug 6, 2007 4:11am
hey dove u trade on a daily basis or an hourly basis or anything else???
  • #1,906
  • Aug 6, 2007 4:18am Aug 6, 2007 4:18am
Quoting bksujal
hey dove u trade on a daily basis or an hourly basis or anything else???
I trade on the Tokyo session and between 15:00 - 17:00 ET when the US is shutting down their trades..... Between 17:00 and 20:00 I'm no where to be found.
The Dove - Forex Trainer
  • #1,907
  • Aug 6, 2007 4:29am Aug 6, 2007 4:29am
USDJPY

As expected, USDJPY broke below the previous low support at 117.57. Further fall towards 116.00 area is still possible in the next several days. Near term resistance is at 118.50, only rise above this level will signal the reversal to the down trend.
If I Go Broke Trying Then I Will die happy.
  • #1,908
  • Aug 6, 2007 4:30am Aug 6, 2007 4:30am
Quoting dove_alliance
Here is the link for the calculator I use.....
http://www.bestvistadownloads.com/so...-uyiktrtd.html

Long term I use is on the weekly plus Pivots that are constantly pivoted on within the last 3 years.

One other thing: Do not use auto pivots they are not standard but only for Fibos.

Thanks Dove. Do you use the classical formula right? At what time we have to take datas for this calculation? Because during the day we can have diferent levels as the prices are changing, we have different lows or different highs, depending of the hour we calculate that. For weekly pivot do you use open, high, lows of last week?
  • #1,909
  • Aug 6, 2007 4:34am Aug 6, 2007 4:34am
Hey guys just check out my chart and tell me is .43 a good buy? thats the 61.8% mark on my chart
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  • #1,910
  • Aug 6, 2007 4:51am Aug 6, 2007 4:51am
Quoting Forexpupil
Thanks Dove. Do you use the classical formula right? At what time we have to take datas for this calculation? Because during the day we can have diferent levels as the prices are changing, we have different lows or different highs, depending of the hour we calculate that. For weekly pivot do you use open, high, lows of last week?
Pivots are calculated at 17:00 ET when the new daily candle comes in..... On weekly I calculate per week.
The Dove - Forex Trainer
  • #1,911
  • Aug 6, 2007 4:55am Aug 6, 2007 4:55am
I took a 27 pip profit at the 80 and getting ready to call it for the day..... No announcements for US today so it may be slow.
The Dove - Forex Trainer
  • #1,912
  • Aug 6, 2007 4:56am Aug 6, 2007 4:56am
Quoting dove_alliance
Pivots are calculated at 17:00 ET when the new daily candle comes in..... On weekly I calculate per week.

In fact there are a big diference between auto pivot indicator and this one.

Thank you very much
  • #1,913
  • Aug 6, 2007 4:58am Aug 6, 2007 4:58am
Quoting dove_alliance
Pivots are calculated at 17:00 ET when the new daily candle comes in..... On weekly I calculate per week.
HEY DOVE WHERE DO U THINK THE PAIR IS HEADING TO 118?
  • #1,914
  • Aug 6, 2007 5:01am Aug 6, 2007 5:01am
Quoting bksujal
HEY DOVE WHERE DO U THINK THE PAIR IS HEADING TO 118?
Yep - I think so..... The pound just took a 100 pip dump within the last hour or so.
The Dove - Forex Trainer
  • #1,915
  • Aug 6, 2007 5:08am Aug 6, 2007 5:08am
That is really strange because there was no reason for such a big dump that I can see...... But the dollar made out like a bandit on that one.
The Dove - Forex Trainer
  • #1,916
  • Aug 6, 2007 5:20am Aug 6, 2007 5:20am
Quoting dove_alliance
That is really strange because there was no reason for such a big dump that I can see...... But the dollar made out like a bandit on that one.
Fear of a hoof and mouth epidemic.
Patience + Humility + Study = Success
  • #1,917
  • Aug 6, 2007 5:31am Aug 6, 2007 5:31am
the pound 04:30 announcement went against the pound but that was ridiculous for it to drop like that.
The Dove - Forex Trainer
  • #1,918
  • Aug 6, 2007 5:33am Aug 6, 2007 5:33am
One thing about the pound; it does stand alone when comes to the other currencies.
The Dove - Forex Trainer
  • #1,919
  • Aug 6, 2007 5:36am Aug 6, 2007 5:36am
I should had stayed in but getting tired and can't focus any longer but the 118.12 is still the target..... Just watch the 118.00.
The Dove - Forex Trainer
  • #1,920
  • Aug 6, 2007 5:40am Aug 6, 2007 5:40am
Quoting dove_alliance
I should had stayed in but getting tired and can't focus any longer but the 118.12 is still the target..... Just watch the 118.00.
Its one of those slow grinds upward.
Patience + Humility + Study = Success
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