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  • #3,941
  • Aug 22, 2007 4:21pm Aug 22, 2007 4:21pm
Quoting dove_alliance
R3 -117.29
R2 - 116.36
R1 - 115.84

DAILY - 114.91
CENTRAL - 115.31

S1 - 114.39
S2 - 113.46
S3 - 112.94

See you guys later and blessings.
Nice range between the daily and central. See if there are any nice'n'easy trades between those 2 before we see any directional action.

G-Man
  • #3,942
  • Edited 4:30pm Aug 22, 2007 4:21pm | Edited 4:30pm
Quoting dove_alliance
R3 -117.29
R2 - 116.36
R1 - 115.84

DAILY - 114.91
CENTRAL - 115.31

S1 - 114.39
S2 - 113.46
S3 - 112.94

See you guys later and blessings.
Thankyou Dove for everything, god bless you man.
The Chonchy
  • #3,943
  • Edited 4:35pm Aug 22, 2007 4:28pm | Edited 4:35pm
Quoting dove_alliance
R3 -117.29
R2 - 116.36
R1 - 115.84

DAILY - 114.91
CENTRAL - 115.31

S1 - 114.39
S2 - 113.46
S3 - 112.94

See you guys later and blessings.
I'm sorry Mr. Dove but daily should not be higher than central? Yesterday the daily was 114.54, higher than central (114.42) why not today, thanks in advadce, sorry novice.
The Chonchy
  • #3,944
  • Aug 22, 2007 4:41pm Aug 22, 2007 4:41pm
Quoting chonchy
I'm sorry Mr. Dove but daily should not be higher than central? Yesterday the daily was 114.54, higher than central (114.42) why not today, thanks in advadce, sorry novice.
The reason is because yesterday, 22nd, closed very near the high of the day, so todays open is also near the high.

When you factor in the low to get the average for the daily pivot, it comes in below the central.

HTH

G-Man
  • #3,945
  • Aug 22, 2007 5:02pm Aug 22, 2007 5:02pm
Quoting G-Man
The reason is because yesterday, 22nd, closed very near the high of the day, so todays open is also near the high.

When you factor in the low to get the average for the daily pivot, it comes in below the central.

HTH

G-Man
I understand G-man thank you very much, I don't know what this thread will do without you Dove and a few others, god bless you all.
The Chonchy
  • #3,946
  • Aug 22, 2007 5:18pm Aug 22, 2007 5:18pm
Keep in mind of the 50% which is at the 115.62
The Dove - Forex Trainer
  • #3,947
  • Aug 22, 2007 5:40pm Aug 22, 2007 5:40pm
Wow this is great stuff. I am starting to see and understand more about Pivots. Dove so far whatever you have shared here has turn out to be very accurate and spot on. Thank you very much for sharing with everyone here.
  • #3,948
  • Aug 22, 2007 6:13pm Aug 22, 2007 6:13pm
Quoting dove_alliance
Keep in mind of the 50% which is at the 115.62
Did you get in up this last up tick? Also this 50% is made up of central and R1 correct?
  • #3,949
  • Aug 22, 2007 6:32pm Aug 22, 2007 6:32pm
why did it stop?
  • #3,950
  • Aug 22, 2007 6:38pm Aug 22, 2007 6:38pm
Quoting kreeper_6
why did it stop?
Testing former 115.84 resistance, now it's support
When they announce the interest rate today, USD/JPY will fly high north :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,951
  • Aug 22, 2007 6:42pm Aug 22, 2007 6:42pm
Dove, I wanted to ask you a question about your charts and how they work together... You use a 2hr, 20 min, and 3min, right?

2hr chart: is used to establish the trend

20min: is the chart you use to enter a trade (Do you always enter on the 20 min mark?)

3min: I not sure about this one...

Any help would be great. Thanks Dove.
  • #3,952
  • Aug 22, 2007 9:32pm Aug 22, 2007 9:32pm
Woah something is brewing?
Movement has stalled....
Chances favour the prepared.
  • #3,953
  • Aug 22, 2007 9:38pm Aug 22, 2007 9:38pm
Definitly, possibly it will become more volatile when the interest rate comes in.
"Don't work for your money, but let money work for you."
  • #3,954
  • Aug 22, 2007 9:54pm Aug 22, 2007 9:54pm
Quoting jasonowl
Woah something is brewing?
Movement has stalled....
Markets are awaiting the interest rate confirmation, and nothing will save yen after that, no matter what the decision. Carry trades are coming back.
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,955
  • Aug 22, 2007 10:46pm Aug 22, 2007 10:46pm
Interest Rate on yen stays...
Let's see what's gonna happen...
Chances favour the prepared.
  • #3,956
  • Aug 22, 2007 11:04pm Aug 22, 2007 11:04pm
i entered my long position right now...what u guys think??
  • #3,957
  • Aug 22, 2007 11:17pm Aug 22, 2007 11:17pm
Quoting MLM12
i entered my long position right now...what u guys think??
I think you're right... but I would have waited...
  • #3,958
  • Aug 22, 2007 11:32pm Aug 22, 2007 11:32pm
lets see..my target is at 116.50..if there is a break of that, well lets just ride it..
  • #3,959
  • Aug 22, 2007 11:45pm Aug 22, 2007 11:45pm
Quoting MLM12
lets see..my target is at 116.50..if there is a break of that, well lets just ride it..
When did you enter? I'd shoot for the R2 pivot 116.36...
  • #3,960
  • Aug 22, 2007 11:49pm Aug 22, 2007 11:49pm
i think first go litle down and after to 116,50
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