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USD/JPY Discussion

  • #2,901
  • Aug 16, 2007 1:44am Aug 16, 2007 1:44am
dove,

where do u see the pair's headed?
S1 at 115.81 seems pretty strong... Daily pivot next target?
  • #2,902
  • Aug 16, 2007 1:56am Aug 16, 2007 1:56am
From the way the prices are moving...and my indicators.
I think we may see a couple more pokes at S2.

I could be wrong.
Chances favour the prepared.
  • #2,903
  • Aug 16, 2007 1:59am Aug 16, 2007 1:59am
Quoting silverabt
dove,

where do u see the pair's headed?
S1 at 115.81 seems pretty strong... Daily pivot next target?
Sorry - left to make a sandwich..... As of right now it is still down while it is flip-flopping - we just have to wait to see if the turn happens or not.
The Dove - Forex Trainer
  • #2,904
  • Aug 16, 2007 2:04am Aug 16, 2007 2:04am
look some sort term reverse?
  • #2,905
  • Aug 16, 2007 2:08am Aug 16, 2007 2:08am
jason,


S2 is @ 115.36 right?
  • #2,906
  • Aug 16, 2007 2:08am Aug 16, 2007 2:08am
Quoting dove_alliance
It doesn't matter which time frame you are on because any of the candles will retrace...... So, if any of them retrace back inside the pivot then it doesn't matter how many times it bust through because all it takes is just one retrace back inside, even if it was just one pip.
At current situation, has bust tro S2 and back above S2, means it will return..
  • #2,907
  • Aug 16, 2007 2:09am Aug 16, 2007 2:09am
very close on going back from where it came from.
The Dove - Forex Trainer
  • #2,908
  • Aug 16, 2007 2:11am Aug 16, 2007 2:11am
No far from it... we should be looking at 115.85-87 depending on your broker rates, your's is 50pips OFF!!!

Quoting silverabt
jason,


S2 is @ 115.36 right?
Chances favour the prepared.
  • #2,909
  • Aug 16, 2007 2:13am Aug 16, 2007 2:13am
Quoting sher
At current situation, has bust tro S2 and back above S2, means it will return..
Yes - that is what's happening now....
The Dove - Forex Trainer
  • #2,910
  • Aug 16, 2007 2:16am Aug 16, 2007 2:16am
My 30 minute is really working to jam this thing up stairs.
The Dove - Forex Trainer
  • #2,911
  • Edited 2:29am Aug 16, 2007 2:28am | Edited 2:29am
jason,


im confused here.. used the same calculator i used yesterday.. but different outcomes today.

here's what i got for today:

R3= 118.53
R2= 118.08
R1= 117.17

P = 116.72

S1= 115.81
S2= 115.36
S3= 114.45

yesterdays O: 117.60 H: 117.62 L: 116.26 C: 116.27


correction / confirmation please...thanks
  • #2,912
  • Aug 16, 2007 2:29am Aug 16, 2007 2:29am
Well .. I'm all LOADED up... let's see...

Quoting dove_alliance
My 30 minute is really working to jam this thing up stairs.
Chances favour the prepared.
  • #2,913
  • Aug 16, 2007 2:33am Aug 16, 2007 2:33am
I'm lazy, I use this website..

http://www.actionforex.com/forex_ana..._200603215755/


Quoting silverabt
jason,


im confused here.. used the same calculator i used yesterday.. but different outcomes today.

correction / confirmation please...thanks
Chances favour the prepared.
  • #2,914
  • Aug 16, 2007 2:36am Aug 16, 2007 2:36am
One of the biggest issues a beginning trader faces is NOT taking profit before it is time..... What you are learning here, beside pivots, is also staying in a trade to the target..... Alway set a stop for at lest a few pip profit..... This way, you can stay in and not worry about losing those few pips..... Learn to be confident in your trades and be bold on taking that limit to the target.
The Dove - Forex Trainer
  • #2,915
  • Aug 16, 2007 2:37am Aug 16, 2007 2:37am
Quoting silverabt
jason,


im confused here.. used the same calculator i used yesterday.. but different outcomes today.

here's what i got for today:

R3= 118.53
R2= 118.08
R1= 117.17

P = 116.72

S1= 115.81
S2= 115.36
S3= 114.45

yesterdays O: 117.60 H: 117.62 L: 116.26 C: 116.27


correction / confirmation please...thanks

USD/JPY

R3 – 118.35
R2 – 117.99
R1 – 117.29

Daily – 116.93
Central – 116.60

S1 – 116.23
S2 – 115.87
S3 – 115.17
  • #2,916
  • Aug 16, 2007 2:40am Aug 16, 2007 2:40am
jason,

thanks.
much simpler website.

trader07,

appreciated. thanks
  • #2,917
  • Aug 16, 2007 2:41am Aug 16, 2007 2:41am
Quoting dove_alliance
Yes - that is what's happening now....
Yeah, it has return. So we it will move up till it hit the next pivot, no matter what?

Currently it goes up to high of 116.12 (not yet hit S1 11624), bouncing in bet 11600.

Will it go back to S2 before hiting S1?
  • #2,918
  • Aug 16, 2007 2:44am Aug 16, 2007 2:44am
Quoting sher
Yeah, it has return. So we it will move up till it hit the next pivot, no matter what?

Currently it goes up to high of 116.12 (not yet hit S1 11624), bouncing in bet 11600.

Will it go back to S2 before hiting S1?
It will finish its journey to the S1 and then possibly on to the Central.
The Dove - Forex Trainer
  • #2,919
  • Aug 16, 2007 2:46am Aug 16, 2007 2:46am
Once it starts its journey to the pivot it will complete it one way or the other - even through retraces.
The Dove - Forex Trainer
  • #2,920
  • Aug 16, 2007 2:48am Aug 16, 2007 2:48am
Dove

I appreciate and thank you for your advices. All these learning add a lot of confident to my trading success. May god bless you.
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