USD/JPY Discussion | Page 123 | 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

  • #2,441
  • Aug 12, 2007 7:31pm Aug 12, 2007 7:31pm
Banda,no problem acutally it is "dziekuje" <lol> but it almost sound the same and "Zapazeba" = "spasiba" is Russian "thank you"

Farmer,try this : http://www.mypivots.com/Education/to...ot-calculator/

You even have midpoints which are sometimes useful

I also don't have exactly the same pivot points but differences are only 2 pips up or down so it is not big deal
  • #2,442
  • Aug 12, 2007 7:39pm Aug 12, 2007 7:39pm
Thanks Polish Trader!
  • #2,443
  • Aug 12, 2007 8:09pm Aug 12, 2007 8:09pm
I think i messed everything up... The chart is set at -0500 (ET) timezone and the figures i got for Aug 11 is
Close- 118.32
High- 118.48
Low- 118.18
Open- 118.34

Pivots would be?

R3- 119.23
R2- 118.93
R1- 118.63

DP- 118.33
CP- 118.32

SI- 118.17
S2- 118.03
S3- 117.43

i definitely dont think i got it right though. i think most uses metatrader but i don't want to have to open another account just so i can use that. Any suggestions? And suggestions for good forex books/resources too?

thanks again
  • #2,444
  • Aug 12, 2007 8:21pm Aug 12, 2007 8:21pm
Ok fast reply because I have to go sleep (it is 3:00 AM here in Poland .... fortunately I have vacation

I don't know where did you get these numbers but it seems that they from .... hmm maybe 15 min chart,1 hour chart ? nevermind

You have to pick Friday's [DAILY] OPEN,HIGH and LOW and SUNDAY'S OPEN (17:00 ET) to calculate PIVOTS for MONDAY

Central is SUNDAY'S OPEN

As for books - there are many but I suggest you this address :

www.babypips.com - you click SCHOOL and there you go ... Virtual Education

Regards

P.S

If I mess something with pivot explenation I am sure that somebody will correct me
  • #2,445
  • Aug 12, 2007 8:36pm Aug 12, 2007 8:36pm
Thanks again Polish Trader... Got that from the "daily chart" i think i messed up the time zones...

anyway, thanks again... good night.
  • #2,446
  • Aug 12, 2007 8:36pm Aug 12, 2007 8:36pm
If anyone got into a long on this I suggest to take profit while you still can because the daily trend had change from an up to a down at 21:00 ET plus you have the weekly central pivot there at the 118.35.
The Dove - Forex Trainer
  • #2,447
  • Aug 12, 2007 8:53pm Aug 12, 2007 8:53pm
Hi Dove,

Quick help please... Friday's hi- 118.74; low-117.22; open-117.93
Sunday's close- 118.25. New candle (for CentralPivot)- 118.35

sorry... am on the other side of the world and m still trying to figure these things out. better ask stupid questions now than make stupid mistakes later, i think
  • #2,448
  • Aug 12, 2007 9:36pm Aug 12, 2007 9:36pm
Quoting dove_alliance
If anyone got into a long on this I suggest to take profit while you still can because the daily trend had change from an up to a down at 21:00 ET plus you have the weekly central pivot there at the 118.35.
I don't see a big move down - if only temporarily with a good opportunity to short yen on dip. We are at the lower trendline on both monthly and weekly. Plus, the interest rate on yen is likely to remain nonexistent.
Carry trades are coming back soon.
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,449
  • Aug 12, 2007 9:37pm Aug 12, 2007 9:37pm
Quoting Firstboss
I don't see a big move down - if only temporarily with a good opportunity to short yen on dip. We are at the lower trendline on both monthly and weekly. Plus, the interest rate on yen is likely to remain nonexistent.
Carry trades are coming back soon.
Dove is right... I see it too
  • #2,450
  • Edited 10:56pm Aug 12, 2007 9:44pm | Edited 10:56pm
http://www.forexfactory.com/news.php?do=news&id=42416
http://www.cnbc.com/id/20239543
http://www.bloomberg.com/apps/news?p...SS8&refer=home
how this injecting money by BOJ will affect us?
is this a signal to go long again?
see you next time in more devastating world of forex
  • #2,451
  • Aug 12, 2007 9:53pm Aug 12, 2007 9:53pm
Quoting trader07
Dove is right... I see it too
I agree, daily looks down, and I don't expect for yen to start falling overnight. But 117.50 is as low as it can get based on weekly and monthly trendlines as well as fundamental rate differentials. When the "risk aversion" speculation wears off who would need to invest in zero-interest yen? Although, USD will be the slowest currency to gain pips against yen.
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,452
  • Aug 12, 2007 10:07pm Aug 12, 2007 10:07pm
Quoting Firstboss
I agree, daily looks down, and I don't expect for yen to start falling overnight. But 117.50 is as low as it can get based on weekly and monthly trendlines as well as fundamental rate differentials. When the "risk aversion" speculation wears off who would need to invest in zero-interest yen? Although, USD will be the slowest currency to gain pips against yen.
Interesting - you don't think that a candle can't bust through a trend line..... The 117.20 is the hard-core for right now plus you got two pivots before it gets there..... 117.35 and 117.14.
The Dove - Forex Trainer
  • #2,453
  • Aug 12, 2007 10:13pm Aug 12, 2007 10:13pm
Quoting dove_alliance
Interesting - you don't think that a candle can't bust through a trend line..... The 117.20 is the hard-core for right now plus you got two pivots before it gets there..... 117.35 and 117.14.
I think it would take more serious fundamental news to break such a strong trendline. That is, technical and fundamental factors have to play together, imho.
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,454
  • Aug 12, 2007 10:19pm Aug 12, 2007 10:19pm
Quoting Firstboss
I think it would take more serious fundamental news to break such a strong trendline. That is, technical and fundamental factors have to play together, imho.
I don't know where you're getting your info at but it is wrong..... Since the 26th of July it has busted that trend every day since..... Plus, on two different occasions, the 6th and 10th of this month, it hit the 117.20.....
The Dove - Forex Trainer
  • #2,455
  • Aug 12, 2007 10:50pm Aug 12, 2007 10:50pm
Quoting dove_alliance
Interesting - you don't think that a candle can't bust through a trend line..... The 117.20 is the hard-core for right now plus you got two pivots before it gets there..... 117.35 and 117.14.
Do you mean 118.20, 18.35?
  • #2,456
  • Aug 12, 2007 10:57pm Aug 12, 2007 10:57pm
Quoting trader07
Do you mean 118.20, 18.35?
No - I'm talking about the S1's - For today's S1 is 117.35 and the weekly is just below the 117.20 which is 117.14...
The Dove - Forex Trainer
  • #2,457
  • Aug 12, 2007 11:01pm Aug 12, 2007 11:01pm
Quoting dove_alliance
No - I'm talking about the S1's - For today's S1 is 117.35 and the weekly is just below the 117.20 which is 117.14...
Dove what did you get for the weekly open, high, low and close?

Thanks
  • #2,458
  • Aug 12, 2007 11:02pm Aug 12, 2007 11:02pm
USDJPY

USDJPY is in consolidation to the down trend. further fall below 117.15 previous low to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at the price channel and key resistance is at 119.80, a break above this key resistance will signal the reversal to the down trend.
If I Go Broke Trying Then I Will die happy.
  • #2,459
  • Aug 12, 2007 11:04pm Aug 12, 2007 11:04pm
Quoting trader07
Dove what did you get for the weekly open, high, low and close?

Thanks
Open - 117.85
High - 119.81
Low - 117.17
Close - 118.45

The central - 118.35
The Dove - Forex Trainer
  • #2,460
  • Aug 12, 2007 11:22pm Aug 12, 2007 11:22pm
One thing I forgot to mention is how the weekly central pivot is found and that is on your 15:30 ET candle on Sunday, which is the time that the market opens for the week..... and if you do not get a 15:30 candle on any of your charts then there is nothing can be done to find it.
The Dove - Forex Trainer
37 traders viewing now