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USD/JPY Discussion

  • #3,721
  • Aug 21, 2007 7:29pm Aug 21, 2007 7:29pm
This doesn't happen often but because there was no breakout Sunday you just have to tolerate it until the trend gets enough power to drive it.
The Dove - Forex Trainer
  • #3,722
  • Aug 21, 2007 7:31pm Aug 21, 2007 7:31pm
so will this 114.26 level be support now?????
  • #3,723
  • Aug 21, 2007 7:32pm Aug 21, 2007 7:32pm
dead stop at the Weekly central...... Looks like another night of you-know-what.... As for myself, I will be doing no trading until the breakout happens.
The Dove - Forex Trainer
  • #3,724
  • Aug 21, 2007 7:32pm Aug 21, 2007 7:32pm
Quoting kreeper_6
so will this 114.26 level be support now?????
Support and resistance.
The Dove - Forex Trainer
  • #3,725
  • Aug 21, 2007 7:36pm Aug 21, 2007 7:36pm
Quoting dove_alliance
Support and resistance.
I do know that they become both, but as of right now will this now become support because of the bounce off of it.
  • #3,726
  • Aug 21, 2007 7:45pm Aug 21, 2007 7:45pm
Quoting kreeper_6
I do know that they become both, but as of right now will this now become support because of the bounce off of it.
No - it is because it is a turning pivot in the trend - may the trend be up or down..... until it either makes it way to the S1 or brakes through the Daily pivot it will remain both support and resistance.
The Dove - Forex Trainer
  • #3,727
  • Aug 21, 2007 7:47pm Aug 21, 2007 7:47pm
Right now there is only 12 pips to play with and if you're not good at scalping then I wouldn't be in no trade at this time.
The Dove - Forex Trainer
  • #3,728
  • Aug 21, 2007 7:52pm Aug 21, 2007 7:52pm
Hi all I have been listening to you all and Dove for the last week or so..I am trying to learn about the Pivots.. Do you talk more about them at the begining of this thread Dove? or is there a good site to go and learn more about them? I found a site that list the pivot #'s and are very close to what Dove posted.. any help would be great I really want to learn more about these...Thank You
  • #3,729
  • Aug 21, 2007 7:57pm Aug 21, 2007 7:57pm
Quoting Slkosier
Hi all I have been listening to you all and Dove for the last week or so..I am trying to learn about the Pivots.. Do you talk more about them at the begining of this thread Dove? or is there a good site to go and learn more about them? I found a site that list the pivot #'s and are very close to what Dove posted.. any help would be great I really want to learn more about these...Thank You

I would suggest around post 800 give or take.
  • #3,730
  • Aug 21, 2007 8:01pm Aug 21, 2007 8:01pm
Quoting Slkosier
Hi all I have been listening to you all and Dove for the last week or so..I am trying to learn about the Pivots.. Do you talk more about them at the begining of this thread Dove? or is there a good site to go and learn more about them? I found a site that list the pivot #'s and are very close to what Dove posted.. any help would be great I really want to learn more about these...Thank You
I'm sure there are courses out there that teaches about pivots, in and out of the trend, but where to look I wouldn't know; unless you start with the internet search..... Maybe someone else would know.
The Dove - Forex Trainer
  • #3,731
  • Edited 8:23pm Aug 21, 2007 8:09pm | Edited 8:23pm
Quoting dove_alliance
I'm sure there are courses out there that teaches about pivots, in and out of the trend, but where to look I wouldn't know; unless you start with the internet search..... Maybe someone else would know.
Hello Mr. Dove, how are you? There is a course in the internet by Beter Bain that teaches pivots among other things, it is a little expensive but nothing like you have explain it here in this thread, Mr. Dove one question if the MACD, and RSI, are pointing up on the 30 min, 60 min and daily doesn't that mean that the break out is up ?. thanks in advace and nice talking to you againg, god bless.
The Chonchy
  • #3,732
  • Aug 21, 2007 8:17pm Aug 21, 2007 8:17pm
Quoting chonchy
Hello Mr. Dove How are you, there is a course in the internet by Beter Bain, that teaches pivot among other things, is a lither expensive, but nothin like you have explain it here in this thread, Mr. Dove one question if the MACD, and RSI, are pointing up on the 30 min, 60 min and daily thosen't that mean that the break out is up ?. thanks in advace and nice talking to you againg, god bless.
I do not use the MACD or the RSI. But I do use the Slow_K on my two hour and the weekly charts and that is it.
The Dove - Forex Trainer
  • #3,733
  • Aug 21, 2007 8:29pm Aug 21, 2007 8:29pm
but isn't it to far away the 2 hour and weekly sharts to determine the break out
The Chonchy
  • #3,734
  • Aug 21, 2007 8:30pm Aug 21, 2007 8:30pm
i mean and not telling you, i'm asking you
The Chonchy
  • #3,735
  • Edited 8:33pm Aug 21, 2007 8:33pm | Edited 8:33pm
isn't the slow-k like the rsi, that measures over bough or over sold, or the slow-k measures volumen
The Chonchy
  • #3,736
  • Aug 21, 2007 8:37pm Aug 21, 2007 8:37pm
Quoting chonchy
but isn't it to far away the 2 hour and weekly sharts to determine the break out
I would think that it would help confirm the break out.
  • #3,737
  • Aug 21, 2007 8:38pm Aug 21, 2007 8:38pm
Quoting chonchy
but isn't it to far away the 2 hour and weekly sharts to determine the break out
The breakout is determine by the power in the daily trend.....
The Dove - Forex Trainer
  • #3,738
  • Aug 21, 2007 8:41pm Aug 21, 2007 8:41pm
Quoting Slkosier
Hi all I have been listening to you all and Dove for the last week or so..I am trying to learn about the Pivots.. Do you talk more about them at the begining of this thread Dove? or is there a good site to go and learn more about them? I found a site that list the pivot #'s and are very close to what Dove posted.. any help would be great I really want to learn more about these...Thank You
Click on dove's name in one of his posts, find all posts that he has made, (917) and read them all. It is well worth it. He is a very good teacher.
  • #3,739
  • Aug 21, 2007 8:43pm Aug 21, 2007 8:43pm
is there any strategy to way for the break out, like entry orders, one a few pips below, and a few over?. with the proper stops and open limits or limits on S1 or R1 respectibly?.
The Chonchy
  • #3,740
  • Aug 21, 2007 8:43pm Aug 21, 2007 8:43pm
Thank you Dove and Keeper and Pipsnatcher.. I will check it out...
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