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USD/JPY Discussion

  • #3,521
  • Aug 19, 2007 5:59pm Aug 19, 2007 5:59pm
Quoting DutchTrader
Dove, since you're a religious man, you have the patience of Job
Patience is the answer to everything..... Especially in this market. - smiling.
The Dove - Forex Trainer
  • #3,522
  • Aug 19, 2007 6:00pm Aug 19, 2007 6:00pm
What just happened?
  • #3,523
  • Aug 19, 2007 6:02pm Aug 19, 2007 6:02pm
Quoting trader07
What just happened?
Must be speculation at the opening of NIKKEI
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,524
  • Aug 19, 2007 6:03pm Aug 19, 2007 6:03pm
NewZealand is up, Nikkei futures up.
Patience + Humility + Study = Success
  • #3,525
  • Aug 19, 2007 6:07pm Aug 19, 2007 6:07pm
Always keep in mind of the 50% retrace or you just might not like the outcome of your entry.
The Dove - Forex Trainer
  • #3,526
  • Aug 19, 2007 6:09pm Aug 19, 2007 6:09pm
the price is all over the place!!
  • #3,527
  • Aug 19, 2007 6:12pm Aug 19, 2007 6:12pm
Quote
The Sunday Candle pops in at 15:30 ET and that is the central pivot for the weekly calculation
dove,
This goes back to my question about the fractured nature of FX data (you might have missed the post here, regarding pip accuracy of pivots given fractured data feeds).

We know the interbank market opens at 17:00. I've never heard of any significance of 15:30 ET Sunday. FXTrek's Intellichart opens at 14:45 ET. I could probably find 5 other feeds that open at various times between 15:00 and 17:00. Is 15:30 a set standard, or just part of your feed and thus your calculations?
  • #3,528
  • Aug 19, 2007 6:15pm Aug 19, 2007 6:15pm
Quoting moneypip
the price is all over the place!!
the price went to the daily central and it tried to go to the
daily pivot but stopped at 113.66
I went short at 114.30
  • #3,529
  • Aug 19, 2007 6:15pm Aug 19, 2007 6:15pm
One of 3 things will happen on the 50% retrace (1) retrace past the 50% line 15 pips or so and then turn and head for the next pivot... (2) retrace back where it came from, in this case it is the weekly central and then turn or (3) retrace back where it came from and then continue on to the next pivot..... Be careful at the 50% retrace or you could get caught.
The Dove - Forex Trainer
  • #3,530
  • Aug 19, 2007 6:16pm Aug 19, 2007 6:16pm
Quoting Trader KGB
dove,
This goes back to my question about the fractured nature of FX data (you might have missed the post here, regarding pip accuracy of pivots given fractured data feeds).

We know the interbank market opens at 17:00. I've never heard of any significance of 15:30 ET Sunday. FXTrek's Intellichart opens at 14:45 ET. I could probably find 5 other feeds that open at various times between 15:00 and 17:00. Is 15:30 a set standard, or just part of your feed and thus your calculations?
15:30 is the actual open time on Sundays.....
The Dove - Forex Trainer
  • #3,531
  • Aug 19, 2007 6:19pm Aug 19, 2007 6:19pm
Quoting dove_alliance
One of 3 things will happen on the 50% retrace (1) retrace past the 50% line 15 pips or so and then turn and head for the next pivot... (2) retrace back where it came from, in this case it is the weekly central and then turn or (3) retrace back where it came from and then continue on to the next pivot..... Be careful at the 50% retrace or you could get caught.

what Tf do you draw your retracements on?
  • #3,532
  • Aug 19, 2007 6:21pm Aug 19, 2007 6:21pm
Was anybody in on that short?
  • #3,533
  • Aug 19, 2007 6:23pm Aug 19, 2007 6:23pm
Quoting kreeper_6
what Tf do you draw your retracements on?
The 50% of pips between each pivot including the weekly...... This is why I do not trade if the spread is less than 30 Pips between any of the pivots unless it is a drive and I know it will continue through the pivot.
The Dove - Forex Trainer
  • #3,534
  • Aug 19, 2007 6:31pm Aug 19, 2007 6:31pm
Quoting dove_alliance
15:30 is the actual open time on Sundays.....
If so, then how come the only google match to a Sunday 15:30 forex open is our current discussion?
  • #3,535
  • Aug 19, 2007 6:35pm Aug 19, 2007 6:35pm
Quoting Trader KGB
If so, then how come the only google match to a Sunday 15:30 forex open is our current discussion?
cuz your the only one asking that question...

there are more important things happening now at this moment.
  • #3,536
  • Aug 19, 2007 6:39pm Aug 19, 2007 6:39pm
Quoting Trader KGB
If so, then how come the only google match to a Sunday 15:30 forex open is our current discussion?
I do not know, but I do know when the actual time for this market to open is 15:30 ET on Sunday and the actual closing of this market is Friday at 17:00 ET.... This information goes back to when I first stared in the 4X over two years ago and it still remains the same......
The Dove - Forex Trainer
  • #3,537
  • Aug 19, 2007 6:41pm Aug 19, 2007 6:41pm
So ask me this: How does market, today, play off the weekly central at the 114.38? Because that is exactly where this drive took off at.
The Dove - Forex Trainer
  • #3,538
  • Aug 19, 2007 6:43pm Aug 19, 2007 6:43pm
How does market, today, play off the weekly central at the 114.38?
  • #3,539
  • Aug 19, 2007 6:44pm Aug 19, 2007 6:44pm
Quoting kreeper_6
cuz your the only one asking that question...

there are more important things happening now at this moment.
True. But if we're ever to calculate accurate pivots on our own, it would be important to get such details down.

How many of you even have feeds that begin at the supposed standard of 15:30 Sunday? I know not a single MT4 broker that does.. Interbank or ECNs, no help there. Only obscure feeds like FXTrek/Intellicharts..
  • #3,540
  • Aug 19, 2007 6:45pm Aug 19, 2007 6:45pm
If you would notice - the 3 minute candle open and took off on this drive down exactly at the 114.38.
The Dove - Forex Trainer
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