USD/JPY Discussion | Page 188 | 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

  • #3,741
  • Aug 21, 2007 8:45pm Aug 21, 2007 8:45pm
I agree 100% with the recomendation of reading the thread, and I do think is very valuable
The Chonchy
  • #3,742
  • Aug 21, 2007 8:49pm Aug 21, 2007 8:49pm
Quoting dove_alliance
The breakout is determine by the power in the daily trend.....
Chonchy,
(Dove, correct me if i'm wrong) I believe what dove means is that he uses indicators on a longer scale to have a gauge and/or expectation of market trends. shorter trends have more volatility.

The daily price action with the analysis on the 2hr and weekly charts will determine and serve as a validation of the day's strategy.

using slowk could be because it smoothens out the trendlines as compared to fastk which can show alot of spikes in the trendlines which maybe clouds the view?
  • #3,743
  • Aug 21, 2007 8:51pm Aug 21, 2007 8:51pm
It is doing all it can to turn this thing around for the daily..... I sure hope it succeeds so we can make some pips.
The Dove - Forex Trainer
  • #3,744
  • Aug 21, 2007 8:55pm Aug 21, 2007 8:55pm
Quoting leachimeewg
Chonchy,
(Dove, correct me if i'm wrong) I believe what dove means is that he uses indicators on a longer scale to have a gauge and/or expectation of market trends. shorter trends have more volatility.

The daily price action with the analysis on the 2hr and weekly charts will determine and serve as a validation of the day's strategy.

using slowk could be because it smoothens out the trendlines as compared to fastk which can show alot of spikes in the trendlines which maybe clouds the view?
Close - but my major daily trend is on the 1 hour in which there are two trends which represents the power of the trend as it makes its crossing during the trend..... The slow_k does help me to determine the trend in a longer scale from day to day.....
The Dove - Forex Trainer
  • #3,745
  • Aug 21, 2007 8:57pm Aug 21, 2007 8:57pm
Quoting leachimeewg
Chonchy,
(Dove, correct me if i'm wrong) I believe what dove means is that he uses indicators on a longer scale to have a gauge and/or expectation of market trends. shorter trends have more volatility.

The daily price action with the analysis on the 2hr and weekly charts will determine and serve as a validation of the day's strategy.

using slowk could be because it smoothens out the trendlines as compared to fastk which can show alot of spikes in the trendlines which maybe clouds the view?
thank you very much for the explenation, leachimeewg, I apriciate it.
The Chonchy
  • #3,746
  • Aug 21, 2007 9:00pm Aug 21, 2007 9:00pm
Quoting dove_alliance
Close - but my major daily trend is on the 1 hour in which there are two trends which represents the power of the trend as it makes its crossing during the trend..... The slow_k does help me to determine the trend in a longer scale from day to day.....
thanks, that has given me abit more understanding.
I can only say that you make really amazing calls.

Question:
As you mentioned, you use the 1hr chart, does that mean that you do not look at any other timelines to substantiate your call?

For example. the 1hr chart could be diverging but on the m30 chart, its already 25% completed.

If you don't then you must be really focused on your calls.

Quoting chonchy
thank you very much for the explenation, leachimeewg, I apriciate it.
my pleasure. I'm always learning. =)
  • #3,747
  • Edited 9:06pm Aug 21, 2007 9:03pm | Edited 9:06pm
Quoting dove_alliance
Close - but my major daily trend is on the 1 hour in which there are two trends which represents the power of the trend as it makes its crossing during the trend..... The slow_k does help me to determine the trend in a longer scale from day to day.....
Thanks Dove I realy apreciate it, I have to go into those one hour sharts, I just belived that they focus more on the over all move of the day, than the break out, buy now I know, thanks
The Chonchy
  • #3,748
  • Aug 21, 2007 9:04pm Aug 21, 2007 9:04pm
Quoting leachimeewg
thanks, that has given me abit more understanding.
I can only say that you make really amazing calls.

Question:
As you mentioned, you use the 1hr chart, does that mean that you do not look at any other timelines to substantiate your call?

For example. the 1hr chart could be diverging but on the m30 chart, its already 25% completed.

If you don't then you must be really focused on your calls.
I focus on the 1 hour for the trends. But my calls are off the 3 and 20 minute charts.
The Dove - Forex Trainer
  • #3,749
  • Aug 21, 2007 9:09pm Aug 21, 2007 9:09pm
Quoting dove_alliance
I focus on the 1 hour for the trends. But my calls are off the 3 and 20 minute charts.
Gd Stuff.
  • #3,750
  • Aug 21, 2007 9:10pm Aug 21, 2007 9:10pm
A lot of trader do not like the 3 minute chart and to a certain point, I agree. But when it comes to these pivots, the 3 minute is your biggest arsenal determining the movement in relationship with those pivots.
The Dove - Forex Trainer
  • #3,751
  • Aug 21, 2007 9:26pm Aug 21, 2007 9:26pm
Quoting dove_alliance
A lot of trader do not like the 3 minute chart and to a certain point, I agree.
I understand wheree you are coming from. I get pressured on the 5min charts due to the volatility.

Quoting dove_alliance
But when it comes to these pivots, the 3 minute is your biggest arsenal determining the movement in relationship with those pivots.
My broker don't have 3m charts. I need to take a look at the 3m charts to get a feel of what you've mentioned.

thanks for sharing.
  • #3,752
  • Aug 21, 2007 9:47pm Aug 21, 2007 9:47pm
It is getting close on going upstairs.... Hopefully it will bust the daily....
The Dove - Forex Trainer
  • #3,753
  • Aug 21, 2007 10:08pm Aug 21, 2007 10:08pm
it is anyones guess from here so we just have to wait for the outcome.
The Dove - Forex Trainer
  • #3,754
  • Aug 21, 2007 10:11pm Aug 21, 2007 10:11pm
up JPY or up usd
  • #3,755
  • Aug 21, 2007 10:16pm Aug 21, 2007 10:16pm
The daily trend is what right at the border of no return; so we will see.
The Dove - Forex Trainer
  • #3,756
  • Aug 21, 2007 10:26pm Aug 21, 2007 10:26pm
Quoting dove_alliance
I make 150+ pips every day in this market - How about you?...... I'm not threaten by you or any one else for that matter......

God bless.
If you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15

Are you making millions each month?
  • #3,757
  • Aug 21, 2007 10:31pm Aug 21, 2007 10:31pm
Quoting watermoon
If you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15

Are you making millions each month?

This would not be correct if his system allows risking only 1% of the acct balance.
  • #3,758
  • Aug 21, 2007 10:31pm Aug 21, 2007 10:31pm
Quoting watermoon
If you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15

Are you making millions each month?
I won't tell you what I'm worth; but I have been compounding since the day I opened my live account...... This is why I am able to give away 75% of my account each month.
The Dove - Forex Trainer
  • #3,759
  • Aug 21, 2007 10:37pm Aug 21, 2007 10:37pm
Today I had read a thread that Moe started and what he had said was correct..... So in the future, I will not call out my entry or limits..... This is something that you must do for yourself.
The Dove - Forex Trainer
  • #3,760
  • Aug 21, 2007 10:38pm Aug 21, 2007 10:38pm
Quoting charlinks
This would not be correct if his system allows risking only 1% of the acct balance.
You are correct, this information is important.
I am a beginner on forex and and I risk only 20 pips (because of the 50:1 leverage) per trade but it represent 9% of my capital.
9 traders viewing now