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USD/JPY Discussion

  • #2,821
  • Aug 15, 2007 7:43pm Aug 15, 2007 7:43pm
For the last two days the longs have been really tough but when it goes for its mark nothing will stop it.
The Dove - Forex Trainer
  • #2,822
  • Aug 15, 2007 7:45pm Aug 15, 2007 7:45pm
Very strong possibility for the Daily before anything else happens.
The Dove - Forex Trainer
  • #2,823
  • Aug 15, 2007 7:50pm Aug 15, 2007 7:50pm
Quoting jasonowl
Oh oh... I thot I was the only nut head who took profit at 52!

LOL
Yea - That is what happen when you think and not follow the indicators - smiling.
The Dove - Forex Trainer
  • #2,824
  • Aug 15, 2007 7:55pm Aug 15, 2007 7:55pm
My indicator cross at the 57 so I am short. We will see if the chance was worth it.
The Dove - Forex Trainer
  • #2,825
  • Aug 15, 2007 7:57pm Aug 15, 2007 7:57pm
got out at 0 - just have to wait.
The Dove - Forex Trainer
  • #2,826
  • Aug 15, 2007 8:04pm Aug 15, 2007 8:04pm
I see a major trendline broken at around 116.50, and another major trendline at around 115.90.... I have a feeling if we break the 115.90 there will a lot of panicky sellers.
  • #2,827
  • Aug 15, 2007 8:16pm Aug 15, 2007 8:16pm
This is why I got out for now..... The drive up is still there.
The Dove - Forex Trainer
  • #2,828
  • Edited 8:24pm Aug 15, 2007 8:21pm | Edited 8:24pm
Quoting dove_alliance
Tonight will be very interesting.... We have the Central Pivot at the 116.59.... Then, you have the Fibo 161.8 ext. at the 116.25 and then the S1 at the 116.23 - So, where do you think all the movement is going to be tonight, especially the 25 being the end of the line for the fibo.
Why do I have different pivot prces.

I mean 50 pips difference.

Is,t the pivot calculated the same ?
Are you using daily or weekly when you say 116.59
what are your highs and lows for yesterday.

116.74 is my pivot ..using yesterday hig low and close

Sorry to bother...

thanx
Attached Image (click to enlarge)
Click to Enlarge Name: pivot.jpg Size: 73 KB
Pipology 101 student
  • #2,829
  • Aug 15, 2007 8:53pm Aug 15, 2007 8:53pm
Once again technicals in play.
Thot I did this while the market is still deciding what it wants to do

There is an overlap of Fibo numbers.
The 1.618 ext on the smaller move directly overlaps the 1.382 of the bigger move at 116.91 area (PIVOTS!!!!)

Go figure, what for the extension down thou at 116.25!

http://img28.picoodle.com/img/img28/...0m_0b30ac8.jpg
Chances favour the prepared.
  • #2,830
  • Aug 15, 2007 9:00pm Aug 15, 2007 9:00pm
Quoting jasonowl
Once again technicals in play.
Thot I did this while the market is still deciding what it wants to do

There is an overlap of Fibo numbers.
The 1.618 ext on the smaller move directly overlaps the 1.382 of the bigger move at 116.91 area (PIVOTS!!!!)

Go figure, what for the extension down thou at 116.25!

http://img28.picoodle.com/img/img28/...0m_0b30ac8.jpg
I could be wrong but I see a possiblity of 100 up and 100 down.....
The Dove - Forex Trainer
  • #2,831
  • Aug 15, 2007 9:03pm Aug 15, 2007 9:03pm
One thing for sure is not to risk the pips that are safely in your pocket already. Equity markets are taking a BASHING... and it will affect FX one way or another...
Chances favour the prepared.
  • #2,832
  • Aug 15, 2007 9:09pm Aug 15, 2007 9:09pm
116.40 area, Monthly S1 (Some long term buyers?)
Also happens to be 72% fib for the 15Min (ref the chart I just posted), so... let's see what gives..
Chances favour the prepared.
  • #2,833
  • Aug 15, 2007 9:34pm Aug 15, 2007 9:34pm
Tell me you love Fibonacci.
Tempts you into the setup doesn't it....

It's saying Bite me, Bite me.. take the bait..


http://img26.picoodle.com/img/img26/...0m_af62627.jpg
Chances favour the prepared.
  • #2,834
  • Aug 15, 2007 9:42pm Aug 15, 2007 9:42pm
Quoting jasonowl
Tell me you love Fibonacci.
Tempts you into the setup doesn't it....

It's saying Bite me, Bite me.. take the bait..


http://img26.picoodle.com/img/img26/...0m_af62627.jpg
Yes it does.... I'm waiting on a verification on my 20 to make a decision about a trade..... When I get it, I'll let you know
The Dove - Forex Trainer
  • #2,835
  • Aug 15, 2007 9:43pm Aug 15, 2007 9:43pm
By the way.... The daily trend had changed at 22:00 from a down to an up.
The Dove - Forex Trainer
  • #2,836
  • Aug 15, 2007 9:58pm Aug 15, 2007 9:58pm
For as long as I have traded this pair this is the first time I have been on the bottom of the Fibo.... What makes it even worst; the S1 being two pips below that...... This will be a test of strength..... Fibo against the pivot.
The Dove - Forex Trainer
  • #2,837
  • Aug 15, 2007 10:11pm Aug 15, 2007 10:11pm
Is the different of 2 pips (S1 11623 vs fibo 11625) significant?

This morning low was 11624, which mean 11625 has been touched!
  • #2,838
  • Aug 15, 2007 10:14pm Aug 15, 2007 10:14pm
Quoting sher
Is the different of 2 pips (S1 11623 vs fibo 11625) significant?

This morning low was 11624, which mean 11625 has been touched!
Very significant....
The Dove - Forex Trainer
  • #2,839
  • Aug 15, 2007 10:18pm Aug 15, 2007 10:18pm


Ok, think I go have some tea ....
Its okay I'll miss out on the action, at least when I come back... I get to "reset" my view...
Chances favour the prepared.
  • #2,840
  • Aug 15, 2007 10:18pm Aug 15, 2007 10:18pm
This thing can travel 100 pips up and if it didn't hit the S1, even as little as one pip, as it was traveling towards it then it will turn and come back for it..... But, this is the test, because I have never seen the bottom of the fibo in its way.
The Dove - Forex Trainer
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