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USD/JPY Discussion

  • #2,121
  • Aug 7, 2007 1:01pm Aug 7, 2007 1:01pm
You should usually wait for news
  • #2,122
  • Aug 7, 2007 1:08pm Aug 7, 2007 1:08pm
Quoting Diesel Pips
You should usually wait for news
hey u think we are heading towards 117 area?
  • #2,123
  • Aug 7, 2007 1:20pm Aug 7, 2007 1:20pm
For one thing never jump into an announcement nor be in before it hits because you just don't know which way it will go..... On this announcement it came in 5 minute prior to schedule.... and that is wrong.
The Dove - Forex Trainer
  • #2,124
  • Aug 7, 2007 1:21pm Aug 7, 2007 1:21pm
For some strange reason it is not breaking the pivot.

Bouncing between the pivot and the 50%
The Dove - Forex Trainer
  • #2,125
  • Aug 7, 2007 1:22pm Aug 7, 2007 1:22pm
I dont see it happening this soon, but I have been wrong before. Keep in mind we were trading at about 200 pips higher 8 days ago, so I would not be suprised if the Dollar fights back a bit. I usually dont trade until Tokyo time though.
  • #2,126
  • Aug 7, 2007 1:22pm Aug 7, 2007 1:22pm
Quoting dove_alliance
For one thing never jump into an announcement nor be in before it hits because you just don't know which way it will go..... On this announcement it came in 5 minute prior to schedule.... and that is wrong.
thanks for your advice mate where do you think the pair is heading?
  • #2,127
  • Aug 7, 2007 1:24pm Aug 7, 2007 1:24pm
No where for right now. Like the trader just said.... The dollar is fighting.
The Dove - Forex Trainer
  • #2,128
  • Aug 7, 2007 1:28pm Aug 7, 2007 1:28pm
From here the target is the 117.60
The Dove - Forex Trainer
  • #2,129
  • Aug 7, 2007 1:31pm Aug 7, 2007 1:31pm
It could bounce hard off that 117.60 as this looks like a stop chase to me.
Patience + Humility + Study = Success
  • #2,130
  • Aug 7, 2007 1:31pm Aug 7, 2007 1:31pm
Quoting dove_alliance
From here the target is the 117.60
have you sold long?
  • #2,131
  • Aug 7, 2007 1:54pm Aug 7, 2007 1:54pm
118.00 was a hard hit and now it is trying to hit the daily for another turn. It may come short of it.
The Dove - Forex Trainer
  • #2,132
  • Aug 7, 2007 1:57pm Aug 7, 2007 1:57pm
I am glad I waited on this one.
The Dove - Forex Trainer
  • #2,133
  • Aug 7, 2007 1:58pm Aug 7, 2007 1:58pm
The dollar is still fighting and looks like it will win this time.
The Dove - Forex Trainer
  • #2,134
  • Aug 7, 2007 1:59pm Aug 7, 2007 1:59pm
Quoting dove_alliance
I am glad I waited on this one.
Yeah... It's all over the place... I thinks it's heading up though
  • #2,135
  • Aug 7, 2007 2:02pm Aug 7, 2007 2:02pm
It just hit the central again let see where it goes from here but one thing is for sure it is to dangerous to trade at this time.
The Dove - Forex Trainer
  • #2,136
  • Aug 7, 2007 2:03pm Aug 7, 2007 2:03pm
hi dove,

if u remember me from last time, i was under water..
thankfully i waited patiently, and now the yen has picked up a bit...

now what do you think the next "safe" target would be for this pair?

i reckon the next target would be around 119.50 before it continues the down trend..

thoughts?
  • #2,137
  • Aug 7, 2007 2:03pm Aug 7, 2007 2:03pm
hey the experts say for long traders to buy at .60 if possible
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  • #2,138
  • Aug 7, 2007 2:03pm Aug 7, 2007 2:03pm
Dow went from -100 to +100. Unreal! I think I'll wait until the Dow closes to enter long. Making sure the dow doesn't drop again.
  • #2,139
  • Aug 7, 2007 2:05pm Aug 7, 2007 2:05pm
That was about a 90 pip retrace off the 118.00
The Dove - Forex Trainer
  • #2,140
  • Aug 7, 2007 2:07pm Aug 7, 2007 2:07pm
Quoting silverabt
hi dove,

if u remember me from last time, i was under water..
thankfully i waited patiently, and now the yen has picked up a bit...

now what do you think the next "safe" target would be for this pair?

i reckon the next target would be around 119.50 before it continues the down trend..

thoughts?
At this time I have no idea...... Just have to wait until Tokyo comes in at 20:00 ET

My guess for right now it will remain between the two pivots.
The Dove - Forex Trainer
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