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USD/JPY Discussion

  • #3,061
  • Aug 16, 2007 1:19pm Aug 16, 2007 1:19pm
See if this will let me ride until after 17:00 and collect all that interest.
The Dove - Forex Trainer
  • #3,062
  • Aug 16, 2007 1:20pm Aug 16, 2007 1:20pm
114.13 and counting
Patience + Humility + Study = Success
  • #3,063
  • Aug 16, 2007 1:20pm Aug 16, 2007 1:20pm
Got above the Weekly S3 and the trend had just change from down to up.
The Dove - Forex Trainer
  • #3,064
  • Aug 16, 2007 1:24pm Aug 16, 2007 1:24pm
Out at the 114.40 and now lets see if we can get another up before 17:00
The Dove - Forex Trainer
  • #3,065
  • Aug 16, 2007 1:26pm Aug 16, 2007 1:26pm
This may be the end for awhile..... go sideways for a little bit.
The Dove - Forex Trainer
  • #3,066
  • Aug 16, 2007 1:34pm Aug 16, 2007 1:34pm
It hit the new fibo at the 114.56 which is the 76.4 and retraced.
The Dove - Forex Trainer
  • #3,067
  • Aug 16, 2007 1:35pm Aug 16, 2007 1:35pm
173 pips not bad for a couple hours of work!!
  • #3,068
  • Aug 16, 2007 1:41pm Aug 16, 2007 1:41pm
Dove,

Your trades are an inspiration to us all. Shows what patience and understanding can do in all types of market.

I won on the roundabouts and lost on the swings a bit today, when in reality there were literally hundreds of pips on offer today, despite some traders probably saying the volatility makes it too difficult.

I tried for along time today but didn't fare too well this afternoon. Primary problem was closing profits too early. I look to learn for tomorrow.

G-Man
  • #3,069
  • Aug 16, 2007 1:42pm Aug 16, 2007 1:42pm
Quoting G-Man
Dove,

Your trades are an inspiration to us all. Shows what patience and understanding can do in all types of market.

I won on the roundabouts and lost on the swings a bit today, when in reality there were literally hundreds of pips on offer today, despite some traders probably saying the volatility makes it too difficult.

I tried for along time today but didn't fare too well this afternoon. Primary problem was closing profits too early. I look to learn for tomorrow.

G-Man
G

You learned a lot, that will prove invaluable in the future.
Patience + Humility + Study = Success
  • #3,070
  • Aug 16, 2007 1:42pm Aug 16, 2007 1:42pm
We now have a hard resistance at the 114.56. At least the fibo is working - smiling.
The Dove - Forex Trainer
  • #3,071
  • Aug 16, 2007 1:46pm Aug 16, 2007 1:46pm
Quoting G-Man
Dove,

Your trades are an inspiration to us all. Shows what patience and understanding can do in all types of market.

I won on the roundabouts and lost on the swings a bit today, when in reality there were literally hundreds of pips on offer today, despite some traders probably saying the volatility makes it too difficult.

I tried for along time today but didn't fare too well this afternoon. Primary problem was closing profits too early. I look to learn for tomorrow.

G-Man
I appreciate it and Dutch Trader said it best... You will learned a lot, that will prove invaluable in the future
The Dove - Forex Trainer
  • #3,072
  • Aug 16, 2007 1:51pm Aug 16, 2007 1:51pm
Thanks guys.

I try to learn what I am taught. That's how you become like your teacher.

G-Man
  • #3,073
  • Aug 16, 2007 1:51pm Aug 16, 2007 1:51pm
I would like to thank Dove again for all his knowledge he shared. Many traders are unwilling to share whatever they know, he's been very generous with his knowledge, and trust me, that is the most valuable commodity. Even more than capital, because without knowledge, capital will soon be lost.
Patience + Humility + Study = Success
  • #3,074
  • Aug 16, 2007 1:55pm Aug 16, 2007 1:55pm
Dove learnt a lot from you and would like to thank you for your time and effort , and always .

B
BANDA333
  • #3,075
  • Aug 16, 2007 1:58pm Aug 16, 2007 1:58pm
Quoting DutchTrader
I would like to thank Dove again for all his knowledge he shared. Many traders are unwilling to share whatever they know, he's been very generous with his knowledge, and trust me, that is the most valuable commodity. Even more than capital, because without knowledge, capital will soon be lost.
I have been there myself without knowledge or even the beginning of a first step in this market..... I too was scared because all it takes is one mistake and you can become incapacitated financially looking for a way to put more money into your account..... I 'm just glad I can be of help. And I thank you.
The Dove - Forex Trainer
  • #3,076
  • Aug 16, 2007 1:58pm Aug 16, 2007 1:58pm
the downtrend is not over yet....so hold on to your profit we didnt break the 61.8 this i just volantility at its maximum...lol
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #3,077
  • Aug 16, 2007 2:00pm Aug 16, 2007 2:00pm
I acm currently long at 113.85 with a stop at113.50 and my target is 114.25
  • #3,078
  • Aug 16, 2007 2:06pm Aug 16, 2007 2:06pm
35 pip stop is too short for the volatility that we have right now.... I suggest if you can't go deeper then wait until later.
The Dove - Forex Trainer
  • #3,079
  • Aug 16, 2007 2:06pm Aug 16, 2007 2:06pm
Guys,

Earlier in the thread I asked how you utilse the Bollinger Bands, and the reply was one method was to look for a peak or low that formed outside the band, followed by a higher or lower peak or low inside the bands that might signal reversal.

Looking at todays 5 min chart it seems that there were 2 occurances of this. Once at the low of the day before the bounce, and once at the top of the end of day retrace.

I am looking at this correctly and would those in the know regard these as valid areas to look for a reversal.

Thanks,

G-Man
  • #3,080
  • Aug 16, 2007 2:08pm Aug 16, 2007 2:08pm
Quoting G-Man
Guys,

Earlier in the thread I asked how you utilse the Bollinger Bands, and the reply was one method was to look for a peak or low that formed outside the band, followed by a higher or lower peak or low inside the bands that might signal reversal.

Looking at todays 5 min chart it seems that there were 2 occurances of this. Once at the low of the day before the bounce, and once at the top of the end of day retrace.

I am looking at this correctly and would those in the know regard these as valid areas to look for a reversal.

Thanks,

G-Man
You're absolutely correct
Patience + Humility + Study = Success
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