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USD/JPY Discussion

  • #2,161
  • Aug 7, 2007 3:41pm Aug 7, 2007 3:41pm
Got out with profit on that - You know the target, which is the central. Every time it retrace I figure how many pips there are for the target.... place my order because there are pips to made..... This is the way to do it if the pivots are used. You will always know the target because of those pivots.

Right now I'm out until 20:00
The Dove - Forex Trainer
  • #2,162
  • Aug 7, 2007 4:01pm Aug 7, 2007 4:01pm
118.86 may hold
  • #2,163
  • Aug 7, 2007 4:02pm Aug 7, 2007 4:02pm
Dove,
What did you get for the new pivot points? Thanks.
  • #2,164
  • Aug 7, 2007 4:07pm Aug 7, 2007 4:07pm
118.574
It’s just emotions & money
  • #2,165
  • Aug 7, 2007 4:08pm Aug 7, 2007 4:08pm
Quoting kreeper_6
118.86 may hold
maybe to 118.60 again?
  • #2,166
  • Aug 7, 2007 4:11pm Aug 7, 2007 4:11pm
Quoting trader07
Dove,
What did you get for the new pivot points? Thanks.
R3 - 120.18
R2 - 119.56
R1 - 119.19

Daily - 118.57
Central - 118.83

S1 - 118.20
S2 - 117.58
S3 - 117.21

If you will notice there is only a 26 pip spread between the central and the daily which means this evening one of them will be busted and then either the R1 or S1 will be targets
The Dove - Forex Trainer
  • #2,167
  • Aug 7, 2007 4:30pm Aug 7, 2007 4:30pm
Quoting dove_alliance
R3 - 120.18
R2 - 119.56
R1 - 119.19

Daily - 118.57
Central - 118.83

S1 - 118.20
S2 - 117.58
S3 - 117.21

If you will notice there is only a 26 pip spread between the central and the daily which means this evening one of them will be busted and then either the R1 or S1 will be targets
Thanks
  • #2,168
  • Aug 7, 2007 4:40pm Aug 7, 2007 4:40pm
Always keep in mind of the 50% retracement between the central and the daily.
The Dove - Forex Trainer
  • #2,169
  • Aug 7, 2007 4:41pm Aug 7, 2007 4:41pm
http://img131.imageshack.us/img131/9813/dailyga7.jpg

A retration is dificult to predict where it will end but there is a lot of momentum there.

http://img148.imageshack.us/img148/6088/h4qc3.jpg


Downside channel on H4 with bounces at 50 EMA


So why should usd/jpy go up right now?
  • #2,170
  • Aug 7, 2007 5:05pm Aug 7, 2007 5:05pm
Quoting Warper


So why should usd/jpy go up right now?
And why should it go down right now? - It all depends on the dollar..... Just like on the pound.... The dollar it took the pound off its high horse and did something about it.
The Dove - Forex Trainer
  • #2,171
  • Aug 7, 2007 5:08pm Aug 7, 2007 5:08pm
Quoting dove_alliance
Hello everyone,
Just got back from a Sunday service I attend every week and jut got on to let you know that if anyone uses the Pivots that ForexFactory gave out are wrong.... He did not calculate the movement for today before 17:00 ET.
Meant to ask about this. How much time before 17:00 ET on Sunday do you incorporate into that day's pivot calculation? Since the interbank market doesn't open up until 17:00 ET, is the pre-market Sunday trade data that meaningful?
  • #2,172
  • Aug 7, 2007 5:15pm Aug 7, 2007 5:15pm
Quoting Trader KGB
Meant to ask about this. How much time before 17:00 ET on Sunday do you incorporate into that day's pivot calculation? Since the interbank market doesn't open up until 17:00 ET, is the pre-market Sunday trade data that meaningful?
I take Fridays Open, high, and low. then I use Sundays candle for the close.... If Sunday candle has the high or the low for Fridays closing then I will use Sundays... And yes. It too is important
The Dove - Forex Trainer
  • #2,173
  • Aug 7, 2007 5:24pm Aug 7, 2007 5:24pm
The 50% retrace is about back to the central after the turn around I'll get in for the daily.
The Dove - Forex Trainer
  • #2,174
  • Aug 7, 2007 5:25pm Aug 7, 2007 5:25pm
The turn around will more and likely not happen until Tokyo makes its day view.
The Dove - Forex Trainer
  • #2,175
  • Aug 7, 2007 5:43pm Aug 7, 2007 5:43pm
Everyone should be patient at this time waiting on Tokyo..... For one thing the daily trend is still up.... and another, it is all up and down from here until 20:00
The Dove - Forex Trainer
  • #2,176
  • Aug 7, 2007 6:26pm Aug 7, 2007 6:26pm
Can anyone help me understand how to get the Central? All other numbers are well-defined, and I am quite puzzled by the Central. Thanks!

Quoting dove_alliance
R3 - 120.18
R2 - 119.56
R1 - 119.19

Daily - 118.57
Central - 118.83

S1 - 118.20
S2 - 117.58
S3 - 117.21

If you will notice there is only a 26 pip spread between the central and the daily which means this evening one of them will be busted and then either the R1 or S1 will be targets
  • #2,177
  • Aug 7, 2007 6:35pm Aug 7, 2007 6:35pm
Quoting ivoryc
Can anyone help me understand how to get the Central? All other numbers are well-defined, and I am quite puzzled by the Central. Thanks!
The central Pivot is the open daily candle at 17:00 ET
The Dove - Forex Trainer
  • #2,178
  • Aug 7, 2007 6:40pm Aug 7, 2007 6:40pm
Quoting dove_alliance
The central Pivot is the open daily candle at 17:00 ET
Thank you! That makes a lot sense to me.
  • #2,179
  • Aug 7, 2007 6:43pm Aug 7, 2007 6:43pm
Quoting dove_alliance
The central Pivot is the open daily candle at 17:00 ET
The difference between the central and the daily pivot is less than 30 pips
so I guess you will not trade between them Dove
  • #2,180
  • Aug 7, 2007 6:50pm Aug 7, 2007 6:50pm
Quoting moneypip
The difference between the central and the daily pivot is less than 30 pips
so I guess you will not trade between them Dove
Not unless the candle pops up right on the pivot I will stay out for the time being.
The Dove - Forex Trainer
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