USD/JPY Discussion | Page 143 | 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

  • #2,841
  • Aug 15, 2007 10:18pm Aug 15, 2007 10:18pm
Which mean S1 rule out Fibo!
  • #2,842
  • Aug 15, 2007 10:20pm Aug 15, 2007 10:20pm
That answers the question...... fibo too weak to hold it back.
The Dove - Forex Trainer
  • #2,843
  • Aug 15, 2007 10:22pm Aug 15, 2007 10:22pm
Fibo been destroyed and on to S2
The Dove - Forex Trainer
  • #2,844
  • Aug 15, 2007 10:23pm Aug 15, 2007 10:23pm
Ok Tea later... let's go!
Chances favour the prepared.
  • #2,845
  • Aug 15, 2007 10:30pm Aug 15, 2007 10:30pm
Oh - that was a pretty goood retrace.......daily S2 at 115.87 and Weekly R2 at the 83
The Dove - Forex Trainer
  • #2,846
  • Aug 15, 2007 10:31pm Aug 15, 2007 10:31pm
And the bottom of the weekly trend for today sits at 115.70.... How low can we go.
The Dove - Forex Trainer
  • #2,847
  • Aug 15, 2007 10:34pm Aug 15, 2007 10:34pm
This has been a long trip from the 124.00......
The Dove - Forex Trainer
  • #2,848
  • Aug 15, 2007 10:35pm Aug 15, 2007 10:35pm
Ok, just took some profit at 116.07.
Gotta run!

Later guys.. good luck, and good trading... make some pips!
Chances favour the prepared.
  • #2,849
  • Aug 15, 2007 10:42pm Aug 15, 2007 10:42pm
that was a real nice 60 pip run..... While I'm thinking about it..... The weekly trend line is the bottom of the up trend so, I don't foresee it going much further than that.
The Dove - Forex Trainer
  • #2,850
  • Aug 15, 2007 10:45pm Aug 15, 2007 10:45pm
Right now we will wait for the turn around and that can and will take some time.
The Dove - Forex Trainer
  • #2,851
  • Aug 15, 2007 10:49pm Aug 15, 2007 10:49pm
The S3 is at the 115.17 but, because the bottom of the weekly trend I just don't see it busting out right now..... I may be wrong, because anything is possible in this market but experience tells me otherwise.
The Dove - Forex Trainer
  • #2,852
  • Aug 15, 2007 10:56pm Aug 15, 2007 10:56pm
Newbie here...how did you guys draw your weekly trend line? Mine was broken through before 117...I'm drawing it now. do you pass it through the two lowest points? I read Alexander Elder's books that you don't pass it through the very lows, but maintain some of it.

I'm guessing most people don't do that?
  • #2,853
  • Aug 15, 2007 10:59pm Aug 15, 2007 10:59pm
I hope everyone is being patient...... It just hit a hard wall and it will bounce over the place until it calms down.
The Dove - Forex Trainer
  • #2,854
  • Aug 15, 2007 11:03pm Aug 15, 2007 11:03pm
You know, I thought I was getting a grasp of this FOREX thing for a while, but after the past few weeks, I decided I definitely don't know what the hell is going on. EVerything seemed to be in a happy trend, and then everything just seemed to reverse. And I can't tell if it's just a major correction or if it has actually reversed.
  • #2,855
  • Aug 15, 2007 11:03pm Aug 15, 2007 11:03pm
Let the market do it's thing while I do mine.
  • #2,856
  • Aug 15, 2007 11:40pm Aug 15, 2007 11:40pm
Usually I would always set a buy when I saw it go below 119. I didn't this time and glad for it. But I thought boy if it hits 116 i'm in on a buy but with the market running the way it is I'm thinking we could see the bottom side 115 or lower. With every close on the dow being neg. I'm thinking the rest of the week will be the same meaning it will more then likely keep going down. Call me crazy. I haven't seen 116 in a while.
  • #2,857
  • Aug 15, 2007 11:41pm Aug 15, 2007 11:41pm
Quoting Alabama
Usually I would always set a buy when I saw it go below 119. I didn't this time and glad for it. But I thought boy if it hits 116 i'm in on a buy but with the market running the way it is I'm thinking we could see the bottom side 115 or lower. With every close on the dow being neg. I'm thinking the rest of the week will be the same meaning it will more then likely keep going down. Call me crazy. I haven't seen 116 in a while.
That is the problem - "Thinking"
The Dove - Forex Trainer
  • #2,858
  • Aug 15, 2007 11:46pm Aug 15, 2007 11:46pm
Everyone that has been with me this last month should have known to get back in - after the volatility had calmed - at the S2 heading for the S1, which I did.....
The Dove - Forex Trainer
  • #2,859
  • Aug 15, 2007 11:49pm Aug 15, 2007 11:49pm
Quoting dove_alliance
That is the problem - "Thinking"
You are so right. I've done well just following the trend.

"Don't think boy just do."
  • #2,860
  • Aug 15, 2007 11:50pm Aug 15, 2007 11:50pm
Quoting dove_alliance
Everyone that has been with me this last month should have known to get back in - after the volatility had calmed - at the S2 heading for the S1, which I did.....
Sorry, do you mean S1 Weekly ?
74 traders viewing now