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USD/JPY Discussion

  • #2,641
  • Aug 14, 2007 6:37pm Aug 14, 2007 6:37pm
Watch what happens when Tokyo comes in at 20:00
The Dove - Forex Trainer
  • #2,642
  • Aug 14, 2007 6:52pm Aug 14, 2007 6:52pm
Quoting dove_alliance
With this kind of volatility in the trend. I am sure.
ok.

what i'm getting at is, you are not short uj are you.
BAM BAM BOOM! -bravado
  • #2,643
  • Aug 14, 2007 7:01pm Aug 14, 2007 7:01pm
Quoting bravado
ok.

what i'm getting at is, you are not short uj are you.
Nope - I am in no trade and will not consider one until after Tokyo comes in and then I will set up my strategy for the night..... On a normal day this kind of movement doesn't happen until Tokyo comes in..... There will be a lot of movement through the session to worry about what is happening now. With this kind of volatility the retraces are usually 10-15 pips but right now we got a bank out there trying to change the trend and it might even be Tokyo.....
The Dove - Forex Trainer
  • #2,644
  • Aug 14, 2007 7:03pm Aug 14, 2007 7:03pm
I wouldn't jump in this right now..... The daily trend is still with power for the down.
The Dove - Forex Trainer
  • #2,645
  • Aug 14, 2007 7:09pm Aug 14, 2007 7:09pm
Anything is possible in this market..... For right now I will stay with trend and wait for it to bounce back below the central.
The Dove - Forex Trainer
  • #2,646
  • Aug 14, 2007 7:09pm Aug 14, 2007 7:09pm
Quoting dove_alliance
Nope - I am in no trade...
as long as you are not short now. good.
BAM BAM BOOM! -bravado
  • #2,647
  • Aug 14, 2007 7:23pm Aug 14, 2007 7:23pm
For right now I will remain out until it shift for the trend again..... Too dangerous that could include a spike with this type of volatility.
The Dove - Forex Trainer
  • #2,648
  • Aug 14, 2007 7:30pm Aug 14, 2007 7:30pm
position closed with +100 pips. my initial post about why and when i opened it is here.

Quoting Scrat
looks like we had a wolfe wave on h1. let's see if it stops on the blue line or at least close to it, that's where my TP is. 117.45.
Nihil Sine Deo.
  • #2,649
  • Aug 14, 2007 7:35pm Aug 14, 2007 7:35pm
Target for yen for me is 115.50 which has just been compounded by a potential 1-2-3 continuation pattern.

Goodluck all
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  • #2,650
  • Aug 14, 2007 7:36pm Aug 14, 2007 7:36pm
My target is still the same 117.23 with a possible bounce off the 14.
The Dove - Forex Trainer
  • #2,651
  • Aug 14, 2007 7:37pm Aug 14, 2007 7:37pm
Quoting Scrat
position closed with +100 pips. my initial post about why and when i opened it is here.
how about you share that wolf wave indicator with the rest of us scrat.
BAM BAM BOOM! -bravado
  • #2,652
  • Aug 14, 2007 7:37pm Aug 14, 2007 7:37pm
Quoting HeavensGate
Target for yen for me is 115.50 which has just been compounded by a potential 1-2-3 continuation pattern.

Goodluck all
Apparently you don't believe in pivots.....
The Dove - Forex Trainer
  • #2,653
  • Aug 14, 2007 7:41pm Aug 14, 2007 7:41pm
No.
  • #2,654
  • Aug 14, 2007 7:43pm Aug 14, 2007 7:43pm
Quoting HeavensGate
No.
Good luck in your venture.....
The Dove - Forex Trainer
  • #2,655
  • Aug 14, 2007 7:49pm Aug 14, 2007 7:49pm
Ok.. starting my day off.

Again, technicals pop up.
The current 15MIN Fibo 1.382 extension on Fractal is Smack at 117.73
(Central Pivot)
And 1.382 Drop from Upmove is also exactly at 117.23 (S1)

Well in any case, seems like Fibonacci is right! Hahaha...

Still a no trade for me...
Chances favour the prepared.
  • #2,656
  • Aug 14, 2007 7:51pm Aug 14, 2007 7:51pm
Quoting bravado
how about you share that wolf wave indicator with the rest of us scrat.
Apparently It took him about 4 days to make 100 pips..... We been doing that in one day.
The Dove - Forex Trainer
  • #2,657
  • Aug 14, 2007 7:52pm Aug 14, 2007 7:52pm
Quoting jasonowl
Ok.. starting my day off.

Again, technicals pop up.
The current 15MIN Fibo 1.382 extension on Fractal is Smack at 117.73
(Central Pivot)
And 1.382 Drop from Upmove is also exactly at 117.23 (S1)

Well in any case, seems like Fibonacci is right! Hahaha...

Still a no trade for me...
I'm in short for the 23.
The Dove - Forex Trainer
  • #2,658
  • Aug 14, 2007 7:53pm Aug 14, 2007 7:53pm
While trying to frantically prepare this... movement.. suggest the S1 will be tested...

http://img36.picoodle.com/img/img36/...0m_3852437.jpg
Chances favour the prepared.
  • #2,659
  • Aug 14, 2007 7:54pm Aug 14, 2007 7:54pm
Still wants to bounce off that 35.
The Dove - Forex Trainer
  • #2,660
  • Aug 14, 2007 7:56pm Aug 14, 2007 7:56pm
Quoting dove_alliance
I'm in short for the 23.
Hopefully it can break 117.35...
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