USD/JPY Discussion | Page 106 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #2,101
  • Aug 7, 2007 2:46am Aug 7, 2007 2:46am
Btw, I just TP on my short.
Got this gut feeling, there's gonna be another move up from here.

Chances favour the prepared.
  • #2,102
  • Aug 7, 2007 3:03am Aug 7, 2007 3:03am
One of the most important rules I have learned in trading this market is do not go with what you feel or what you think it will do.... What I have been teaching you is about using the most truest and trusted indicator in any market and that is pivots.... Fibos has its own foundation and in its own place.... Pivots are like walls and a candle can, and most of the time, is like a ball hitting that wall; will retrace 15, 20 or more pips..... A candle will travel through a fibo as if it wasn't there..... The supports and resistance in a fibo are the same as pivots and that is the only time a fibo would be good to use with pivots. if you try analyze this market you will loose.
The Dove - Forex Trainer
  • #2,103
  • Aug 7, 2007 3:13am Aug 7, 2007 3:13am
Quoting dove_alliance
One of the most important rules I have learned in trading this market is do not go with what you feel or what think it will do.... What I have been teaching you is about using the most truest and trusted indicator in any market and that is pivots.... Fibos has its own foundation and in its own place.... Pivots are like walls and a candle can, and most of the time, is a ball hitting that wall; will retrace 15, 20 or more pips..... A candle will travel through a fibo as if it wasn't there..... The supports and resistance in a fibo are the same as pivot and that is the only time a fibo would be good to use with pivots. if you try analyze this market you will loose.

Very well said, THE most important indicators are the most simple to use, and yet people want the most complicated indicator software with buy and sell signals that get them 20 pips. Patience, discipline and some common sense is all you really need with the most simple indicators off them all, reading candlesticks, support and resistance or pivots of last swing highs or lows, trendlines and maybe a few moving averages.
Just Trade It
  • #2,104
  • Aug 7, 2007 3:16am Aug 7, 2007 3:16am
Quoting Big Wave Rider
Very well said, THE most important indicators are the most simple to use, and yet people want the most complicated indicator software with buy and sell signals that get them 20 pips. Patience, discipline and some common sense is all you really need with the most simple indicators off them all, reading candlesticks, support and resistance or pivots of last swing highs or lows, trendlines and maybe a few moving averages.
Moving averages is what I use as indicators for trends and the turnarounds..... But, they are not set at default....
The Dove - Forex Trainer
  • #2,105
  • Aug 7, 2007 3:28am Aug 7, 2007 3:28am
Quoting dove_alliance
Moving averages is what I use as indicators for trends and the turnarounds..... But, they are not set at default....

Mine are not set at default either.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.jpg Size: 34 KB
Just Trade It
  • #2,106
  • Aug 7, 2007 3:33am Aug 7, 2007 3:33am
hello dove good afternoon here so will the nonfarm productivity have a huge impact on ud?
  • #2,107
  • Aug 7, 2007 3:41am Aug 7, 2007 3:41am
Yes.. understand.
When I said gut feel it was a pun on the fact that my indicators and price action tell me.. there's still going to be a battle at this level for some time...

Quoting dove_alliance
One of the most important rules I have learned in trading this market is do not go with what you feel or what you think it will do.... What I have been teaching you is about using the most truest and trusted indicator in any market and that is pivots.... Fibos has its own foundation and in its own place.... Pivots are like walls and a candle can, and most of the time, is like a ball hitting that wall; will retrace 15, 20 or more pips..... A candle will travel through a fibo as if it wasn't there..... The supports and resistance in a fibo are the same as pivots and that is the only time a fibo would be good to use with pivots. if you try analyze this market you will loose.
Chances favour the prepared.
  • #2,108
  • Aug 7, 2007 4:07am Aug 7, 2007 4:07am
Quoting jasonowl
Yes.. understand.
When I said gut feel it was a pun on the fact that my indicators and price action tell me.. there's still going to be a battle at this level for some time...
Yep - I hear that and the 8:30 announcement will change it all and at 2:15 this afternoon will change everything again. It is going to be a fun day
The Dove - Forex Trainer
  • #2,109
  • Aug 7, 2007 4:30am Aug 7, 2007 4:30am
Not too sure about you, but I don't plan to be trading these times, let the dust settle, unless its to irresistible... hahaha
Cheers!

Quoting dove_alliance
Yep - I hear that and the 8:30 announcement will change it all and at 2:15 this afternoon will change everything again. It is going to be a fun day
Chances favour the prepared.
  • #2,110
  • Aug 7, 2007 4:37am Aug 7, 2007 4:37am
Quoting jasonowl
Not too sure about you, but I don't plan to be trading these times, let the dust settle, unless its to irresistible... hahaha
Cheers!
I agree... Too Risky.
  • #2,111
  • Aug 7, 2007 5:15am Aug 7, 2007 5:15am
USDJPY

USDJPY is in down trend, the rise from 117.15 is treated as consolidation to the down trend, and further fall towards 116.00 area to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key resistance is at 119.47, only rise above this level will signal the reversal to the down trend.
If I Go Broke Trying Then I Will die happy.
  • #2,112
  • Aug 7, 2007 6:05am Aug 7, 2007 6:05am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
only recently started following this pair, on my 4h and daily it looks like a good place to short, but I notice that there are news releases today.

are they likey to change the current down trend.

I may wait for a break of my 38.2% fib at 118.35 to go short.

all and any views welcome.

Regards

MPP
  • #2,113
  • Aug 7, 2007 7:35am Aug 7, 2007 7:35am
not much of a deviation to expected!
  • #2,114
  • Aug 7, 2007 7:36am Aug 7, 2007 7:36am
It's all about the Fed Statement later today.
Patience + Humility + Study = Success
  • #2,115
  • Aug 7, 2007 7:40am Aug 7, 2007 7:40am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
It's all about the Fed Statement later today.
what time is it at, my platform shows 14.15, not sure if that uk or us. assuming US NY time. would make it 19.15 uk

regards

MPP
  • #2,116
  • Aug 7, 2007 7:41am Aug 7, 2007 7:41am
Quoting MPP
what time is it at, my platform shows 14.15, not sure if that uk or us. assuming US NY time.

regards

MPP
14:15 NY time

dollar is gaining slightly
  • #2,117
  • Aug 7, 2007 7:49am Aug 7, 2007 7:49am
Dollar down to 118.45
Patience + Humility + Study = Success
  • #2,118
  • Aug 7, 2007 8:12am Aug 7, 2007 8:12am
Quoting DutchTrader
Dollar down to 118.45

I've been short for awhile now..even past everyone saying it's going up. I think it'll go to at LEASt 118.45
  • #2,119
  • Aug 7, 2007 10:27am Aug 7, 2007 10:27am
my 4 hour chart says a bullish trend is developing should go touch 60 from here hopefully i am short at 40? rite trade?
  • #2,120
  • Aug 7, 2007 1:00pm Aug 7, 2007 1:00pm
hey dove u waiting to hear from the fed or are you trading bfore the news?
30 traders viewing now