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  • #2,761
  • Aug 15, 2007 3:27am Aug 15, 2007 3:27am
All gone a bit quiet.

Tried a small long earlier at 116.96 but got stopped out. Maybe a bit too early.

G-Man
  • #2,762
  • Aug 15, 2007 3:50am Aug 15, 2007 3:50am
On BB reversals, look for a close outside the bb followed by a close inside the bb. So if price has been declining you should look for a close below the lower bb followed by a close above the lower bb. Price will then tend to gravitate to the other bb. But, in a strong trend it may only move to the central line before resuming its original direction. Also, movement to the opposite bar could be a sideways move rather than an up or down move.

Hope that helps as a start.
Considering a move to Memphis
  • #2,763
  • Aug 15, 2007 4:08am Aug 15, 2007 4:08am
hi guys..

im just starting to get to know Dove's pivot system.. looks like its working pretty well..

what are the pivots for today? just checking what i've got from the pivot calculator..

anyone?
  • #2,764
  • Aug 15, 2007 4:17am Aug 15, 2007 4:17am
Quoting silverabt
hi guys..

im just starting to get to know Dove's pivot system.. looks like its working pretty well..

what are the pivots for today? just checking what i've got from the pivot calculator..

anyone?
DAILY PIVOTS
(Refresh At17:00 ET)

USD/JPY

R3 – 119.14
R2 – 118.82
R1 – 118.19

Daily – 117.87
Central – 117.56

S1 – 117.24
S2 – 116.92
S3 – 116.29
  • #2,765
  • Aug 15, 2007 4:21am Aug 15, 2007 4:21am
trader07:

exactly what i got.. 1 or 2 pips difference.. might be the spread diff.

thanks mate..

do you see this pair testing R1 today at all?

well it broke the S2, but haven't broken past S3..
hopefully it bounced back at least to Daily...
  • #2,766
  • Aug 15, 2007 4:26am Aug 15, 2007 4:26am
Quoting silverabt
trader07:

exactly what i got.. 1 or 2 pips difference.. might be the spread diff.

thanks mate..

do you see this pair testing R1 today at all?

well it broke the S2, but haven't broken past S3..
hopefully it bounced back at least to Daily...
I'm not sure... I just taking it one pivot point at a time and watching my indicators.

Also there's tons of news in the morning so I'm definitely not trading the early USA session.
  • #2,767
  • Aug 15, 2007 4:45am Aug 15, 2007 4:45am
i'm short @116.75 do you think it's going to get to 65?
  • #2,768
  • Aug 15, 2007 4:54am Aug 15, 2007 4:54am
i say its gonna bounce back to daily pivot at 117.87
  • #2,769
  • Aug 15, 2007 5:05am Aug 15, 2007 5:05am
Quoting silverabt
i say its gonna bounce back to daily pivot at 117.87

All my LT & ST indicators are showing downtrend. Possible destination: S3 ??
Primum quærite regnum Dei, et ómnia adjiciéntur vobis, dicit Dóminus.
  • #2,770
  • Aug 15, 2007 5:36am Aug 15, 2007 5:36am
Just curios, anybody know S-4
The Chonchy
  • #2,771
  • Aug 15, 2007 6:08am Aug 15, 2007 6:08am
Quoting chonchy
Just curios, anybody know S-4
check this link... computes points fr R4-S4, with midpoints... hope it helps

http://www.mypivots.com/Education/to...r/default.aspx
  • #2,772
  • Aug 15, 2007 6:12am Aug 15, 2007 6:12am
Quoting zpe618
All my LT & ST indicators are showing downtrend. Possible destination: S3 ??
Hello, how are you, I hope I'm not being wrong, but my rsi is telling me that in the 30 min chart, 15 min, 10 and 5 min charts the position is oversold, and the macd's and ema's olso indicate the same, correctme if I'm wrong, but I agree with going up, I don't know, some body please correct me.
The Chonchy
  • #2,773
  • Aug 15, 2007 6:14am Aug 15, 2007 6:14am
Quoting Farmer
check this link... computes points fr R4-S4, with midpoints... hope it helps

http://www.mypivots.com/Education/to...r/default.aspx
Thanks a lot, I apreciate it, God bless.
The Chonchy
  • #2,774
  • Aug 15, 2007 6:37am Aug 15, 2007 6:37am
Quoting chonchy
Hello, how are you, I hope I'm not being wrong, but my rsi is telling me that in the 30 min chart, 15 min, 10 and 5 min charts the position is oversold, and the macd's and ema's olso indicate the same, correctme if I'm wrong, but I agree with going up, I don't know, some body please correct me.
If you want to use oscillating indicators in your trading, and there is nothing wrong with doing so, please do not base any decisions on them being 'oversold' or 'overbought' UNTIL the move out of the zone that determines this.

The can and do remain there for a long time, especially with FX.

G-Man
  • #2,775
  • Aug 15, 2007 6:46am Aug 15, 2007 6:46am
Looks like it is trying to finally break the long trend line on the 15 min chart. May signify a change in the momentum for today if it does, though data out in 45 mins.

G-Man
  • #2,776
  • Aug 15, 2007 6:50am Aug 15, 2007 6:50am
quite strong resistance at 116.80 and support at 116.40...
  • #2,777
  • Aug 15, 2007 7:20am Aug 15, 2007 7:20am
Quoting ns_karthik
quite strong resistance at 116.80 and support at 116.40...
Good range to play at the moment.

Watch for break in either direction.

G-Man
  • #2,778
  • Aug 15, 2007 7:21am Aug 15, 2007 7:21am
uj going up up up.
BAM BAM BOOM! -bravado
  • #2,779
  • Aug 15, 2007 7:27am Aug 15, 2007 7:27am
Quoting bravado
uj going up up up.
agreed! up
Trade what you see, not what you think.
  • #2,780
  • Aug 15, 2007 7:47am Aug 15, 2007 7:47am
Quoting karmostaji
agreed! up
as a matter of fact, it is up about 10 pips already.
i still got the touch!
BAM BAM BOOM! -bravado
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