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  • #2,341
  • Aug 9, 2007 11:54pm Aug 9, 2007 11:54pm
I will put a trade in soon, go to bed and hope that its a good move. Good luck to all. Remember be confident and let you trade ride, also please for Petes sake put a stop loss so you dont kill yourself. I read a post two days ago of a guy down 150 pips! Dont be a superstar.
  • #2,342
  • Aug 10, 2007 12:25am Aug 10, 2007 12:25am
Quoting Diesel Pips
I will put a trade in soon, go to bed and hope that its a good move. Good luck to all. Remember be confident and let you trade ride, also please for Petes sake put a stop loss so you dont kill yourself. I read a post two days ago of a guy down 150 pips! Dont be a superstar.
@Don't be a superstar. True!!!
Patience + Humility + Study = Success
  • #2,343
  • Aug 10, 2007 1:31am Aug 10, 2007 1:31am
Long at 118.05.
First stop to test CPivot - 118.21
Chances favour the prepared.
  • #2,344
  • Aug 10, 2007 1:40am Aug 10, 2007 1:40am
Quoting jasonowl
Long at 118.05.
First stop to test CPivot - 118.21
Hi Jason,

Can you define for me again the central pivot?

I though I understood that yesterday as the close of the 5 pm. ET bar, but I guess that equals the day close. Is this the open of the 5 pm. bar as that seems close to the number you have as the CP.

I've got 117.93, which works OK as I just got 6 pips on a move down off the weekly pivot, and previous resistance at 118.12, down to it.

Thanks,

G-Man
  • #2,345
  • Aug 10, 2007 1:46am Aug 10, 2007 1:46am
From Dove
07-27-07, 2:58am

It would be a start. But you need to know how to use them...... One major pivot that is not there is called the central pivot point which is the open candle at 17:00 ET which has a very prospective indication of the trend for the day..... In other words, where the central pivot and the daily come in will determine the trend.

Hold on to your horses, I'm in a bit early.
The 4H pivot is 118 and providing some resistence.

Cheers.

Quoting G-Man
Hi Jason,

Can you define for me again the central pivot?

I though I understood that yesterday as the close of the 5 pm. ET bar, but I guess that equals the day close. Is this the open of the 5 pm. bar as that seems close to the number you have as the CP.

I've got 117.93, which works OK as I just got 6 pips on a move down off the weekly pivot, and previous resistance at 118.12, down to it.

Thanks,

G-Man
Chances favour the prepared.
  • #2,346
  • Aug 10, 2007 1:48am Aug 10, 2007 1:48am
Quoting jasonowl
From Dove
07-27-07, 2:58am

It would be a start. But you need to know how to use them...... One major pivot that is not there is called the central pivot point which is the open candle at 17:00 ET which has a very prospective indication of the trend for the day..... In other words, where the central pivot and the daily come in will determine the trend.

Hold on to your horses, I'm in a bit early.
The 4H pivot is 118 and providing some resistence.

Cheers.
Jason,

I believe we will see a bit of a bounce, but equities are down in Asia, and I think the futures in Europe/London as well. Could be another round of liquidation after a slight retrace.
Patience + Humility + Study = Success
  • #2,347
  • Aug 10, 2007 1:59am Aug 10, 2007 1:59am
$/yen just doesn't seem to want to go down.
  • #2,348
  • Aug 10, 2007 2:11am Aug 10, 2007 2:11am
Quoting jasonowl
From Dove
07-27-07, 2:58am

It would be a start. But you need to know how to use them...... One major pivot that is not there is called the central pivot point which is the open candle at 17:00 ET which has a very prospective indication of the trend for the day..... In other words, where the central pivot and the daily come in will determine the trend.

Hold on to your horses, I'm in a bit early.
The 4H pivot is 118 and providing some resistence.

Cheers.
Thanks Jason.

I thought that was the case. Just had a bit of a brain fade this morning.

G-Man
  • #2,349
  • Aug 10, 2007 2:12am Aug 10, 2007 2:12am
only 150? i just lost half of my account because over leverage....
i get used to use no stop loss, but i never get used to big lot size, when two combine, all is loss
back to old school, put another long in 118 and near by area
  • #2,350
  • Aug 10, 2007 2:13am Aug 10, 2007 2:13am
Just TP (+3pips), I don't quite like the movement.
Better to sit back and watch again.
Chances favour the prepared.
  • #2,351
  • Aug 10, 2007 2:20am Aug 10, 2007 2:20am
I'm back short again at 118.03.

Actually profit of 7 pips hit while typing this. This market can move fast.

G-Man
  • #2,352
  • Aug 10, 2007 2:22am Aug 10, 2007 2:22am
Yup Gotta go into scalping mode. The last few 5MIN bars have got 10-15pips in each move!

Quoting G-Man
I'm back short again at 118.03.

Actually profit of 7 pips hit while typing this. This market can move fast.

G-Man
Chances favour the prepared.
  • #2,353
  • Aug 10, 2007 2:22am Aug 10, 2007 2:22am
I don't see any reason to go long. The European equities are crashing as well. Prepare for another dive.
Patience + Humility + Study = Success
  • #2,354
  • Aug 10, 2007 2:35am Aug 10, 2007 2:35am
UJ basically in a range from 117.80 to 118.12 for the last few hours.

Probably best scalping within this range with an emphasis on the short side.

Need to wait for a break out of this range before looking at entering any swing or longer term trades.

G-Man
  • #2,355
  • Aug 10, 2007 2:46am Aug 10, 2007 2:46am
The DOW, NASDAQ, & S&P Futures are going to be the signal as to whether or not $/yen will go up or down leading into the U.S. session.
  • #2,356
  • Aug 10, 2007 3:46am Aug 10, 2007 3:46am
Sorry for the late post again guys, just pulled another 5 pips long on a bounce off 117.93.

In a little late otherwise could have had the 7 Dove shoots for.

G-Man

edit: Now in at 118.05 for another short.
  • #2,357
  • Aug 10, 2007 4:04am Aug 10, 2007 4:04am
Easy dude...
Don't overtrade..

Trend "trying" to turn

Quoting G-Man
Sorry for the late post again guys, just pulled another 5 pips long on a bounce off 117.93.

In a little late otherwise could have had the 7 Dove shoots for.

G-Man

edit: Now in at 118.05 for another short.
Chances favour the prepared.
  • #2,358
  • Aug 10, 2007 4:09am Aug 10, 2007 4:09am
Quoting G-Man
In a little late otherwise could have had the 7 Dove shoots for.

what do u mean, 7 ??
  • #2,359
  • Aug 10, 2007 4:10am Aug 10, 2007 4:10am
Quoting jasonowl
Easy dude...
Don't overtrade..
Yeah I hear ya.

Just basically getting a feel back for these short term scalps. Only small positions on all of them though. I can see these rangebound markets continuing for a while so trying to make hay while I can.

There have been many more entries that I could have taken but as you say I don't want to overtrade.

G-Man
  • #2,360
  • Aug 10, 2007 4:21am Aug 10, 2007 4:21am
Touching Central Pivot again 118.21....
More dangerous to short this time... Do watch ur charts..
Chances favour the prepared.
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