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USD/JPY Discussion

  • #2,561
  • Aug 14, 2007 2:39am Aug 14, 2007 2:39am
Quoting jasonowl
Picture worth a thousand words.
Will we see it reaching.... ahh the million dollar question isnt it.
Or is a fake-out for the Fib traders... hee hee...

Let's see

http://img37.picoodle.com/img/img37/...0m_5ee2e34.jpg
After the retrace it may be it.
The Dove - Forex Trainer
  • #2,562
  • Aug 14, 2007 2:54am Aug 14, 2007 2:54am
Quoting chonchy
Thanks againg Mr. Dove, I mess up, not geting out at 117.81 when it turns; I been following you all week last week, you where hiting the nail right in the head, I decide to follow you today to the exact pivot point and the price did't make it, I'll stick aroung to see if I can get out this mess, I had no stops, Like I said I was so confident it was going to go to the 75 that I did't even set up the stop, I guess it was my day, againg thank you Sr. for every thing.
Get into practice of using stops.... I too was confident it was going back to the 75 but on the other hand I always stay alert for the possibilities as it did this morning and got out in time before a loss..... Never be relax on a trade. Stay with it always and when you see your pips are being lost then take it out with profit before you loose it all...... Never trust what you think it will do because 100% of the time it will do the opposite.
The Dove - Forex Trainer
  • #2,563
  • Aug 14, 2007 3:02am Aug 14, 2007 3:02am
I got back in at the 23 and now we will see what happens.....
The Dove - Forex Trainer
  • #2,564
  • Aug 14, 2007 3:05am Aug 14, 2007 3:05am
My limit for now is the 47 for another retrace.
The Dove - Forex Trainer
  • #2,565
  • Aug 14, 2007 3:20am Aug 14, 2007 3:20am
Strong fight going on at the weekly pivot, previous key level at 118.40.

Break above could see us get to R1 pretty quickly. Gonna put in a limit order.

G-Man
  • #2,566
  • Aug 14, 2007 3:23am Aug 14, 2007 3:23am
In this scenario I now have a stop at the 28 for a 2 pip profit...... After you get into profit always set a stop for at least +2-3 pips or at 0 so you will never get in the red.....
The Dove - Forex Trainer
  • #2,567
  • Aug 14, 2007 3:29am Aug 14, 2007 3:29am
When I saw Jasonowl get out, I was going to get out, I remember when he said "Pips in my pocket", I liked it that and I was going to get out, but I wasn't focus today, like I said, it wasn't my day, I took a loss, and I'm long
@118.23, thanks againg, at your service for anything, Mr dove, My name is Carlos, I'm in Miami, any time you are down here don't hesitate to call me, 1 305 821 0724, maybe I can repai your tuition, guiding you to the good restaurants, god bless.
The Chonchy
  • #2,568
  • Aug 14, 2007 3:33am Aug 14, 2007 3:33am
It just took me out with +2 now I will wait for another turn and try again.
The Dove - Forex Trainer
  • #2,569
  • Aug 14, 2007 3:34am Aug 14, 2007 3:34am
Quoting chonchy
When I saw Jasonowl get out, I was going to get out, I remember when he said "Pips in my pocket", I liked it that and I was going to get out, but I wasn't focus today, like I said, it wasn't my day, I took a loss, and I'm long
@118.23, thanks againg, at your service for anything, Mr dove, My name is Carlos, I'm in Miami, any time you are down here don't hesitate to call me, 1 305 821 0724, maybe I can repai your tuition, guiding you to the good restaurants, god bless.
I appreciate and God bless you.
The Dove - Forex Trainer
  • #2,570
  • Aug 14, 2007 3:37am Aug 14, 2007 3:37am
If I didn't have that stop I would be deep in the hole and waiting to make it up.... Now, when the turn comes I will get in with a new fresh start.
The Dove - Forex Trainer
  • #2,571
  • Aug 14, 2007 3:49am Aug 14, 2007 3:49am
Hi and good trades for everybody!

Dove, I downloaded the pivot calculator of the link that you indicated. So, I`m testing the values and there are as the autopivot that i have. This autopivot works with lows, highs, opens and closes.

I´m confused about what you call central pivot, because on that link gives only a pivot, supports and resistances. Do you call central pivot to the weekly pivot?

I put here the indicator to you see and to say what do you think about this.

Thank you for your repllie and for your patiente
Attached File(s)
File Type: mq4 AutoPivotIndicator.mq4   15 KB | 303 downloads
  • #2,572
  • Aug 14, 2007 4:00am Aug 14, 2007 4:00am
Excuse me, i forgot, i have a swiss broker (CET) and the values are: Open 118,33, High 118,56, Low 117,69 and close 118,61. i put this because i saw that are a little diference between you next limit that you said that was 118,47 and i had 118,44. May be for diference between hours of close.
  • #2,573
  • Edited 4:06am Aug 14, 2007 4:00am | Edited 4:06am
Quoting dove_alliance
If I didn't have that stop I would be deep in the hole and waiting to make it up.... Now, when the turn comes I will get in with a new fresh start.
I need to learn to use stops, but I'm not used to, I always try to buy very little so I go up and down, what I call marry the looser, like I said I'm learning a lot from you in respet of letting the winners roll, but I guess I let the winner roll a little bit to much today, ha, ha is just that I always said I'm going to put a stop and limit when I get into the trade but, like today I put a limit, didn't hit it and like you said I shuld be focusing in geting out with a few pips in sted of nothing, but it won't happen again, happy trading, no harm done.
The Chonchy
  • #2,574
  • Aug 14, 2007 4:06am Aug 14, 2007 4:06am
When this came down and bust my bollinger band I got back in at the 19 and this time if it doesn't plow through the 43 I will take profit. two attempt will be enough.
The Dove - Forex Trainer
  • #2,575
  • Aug 14, 2007 4:10am Aug 14, 2007 4:10am
The dollar sure took the pound off its high horse..... It brought it back to 1.9 again.
The Dove - Forex Trainer
  • #2,576
  • Edited 4:31am Aug 14, 2007 4:17am | Edited 4:31am
Quoting dove_alliance
The dollar sure took the pound off its high horse..... It brought it back to 1.9 again.
do you think is the dollar or they are selling pounds becouse they are not raising interes rates any more. then againg, if the dollar is gething stronger against the pound and the eur, that's why the jpy and the franc are shuting up ah?
The Chonchy
  • #2,577
  • Aug 14, 2007 4:22am Aug 14, 2007 4:22am
I see slow movement up. Will 118.4X break? Quickly?
  • #2,578
  • Aug 14, 2007 4:23am Aug 14, 2007 4:23am
Well just in case we get too carried away, for those who doesn't have any open positions, may want to wait for the 830 news....

Also, as I've noticed of late, there is even stronger correlation of UJ on the US Equity Market, so right now futures is mixed... so may want to wait a bit... Just thot I share this...
Chances favour the prepared.
  • #2,579
  • Aug 14, 2007 4:27am Aug 14, 2007 4:27am
Quoting jasonowl
Well just in case we get too carried away, for those who doesn't have any open positions, may want to wait for the 830 news....

Also, as I've noticed of late, there is even stronger correlation of UJ on the US Equity Market, so right now futures is mixed... so may want to wait a bit... Just thot I share this...
I went ahead and took profit at the rebound.... I do see the R1 in sight pretty soon.
The Dove - Forex Trainer
  • #2,580
  • Aug 14, 2007 4:34am Aug 14, 2007 4:34am
Quoting dove_alliance
The dollar sure took the pound off its high horse..... It brought it back to 1.9 again.
Much lower than expected inflation report.

Might be the end of the interest rate increases. If so, a weaker pound is a coming. Watch out below on GBPJPY.

G-Man
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