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USD/JPY Discussion

  • #4,021
  • Aug 23, 2007 8:10am Aug 23, 2007 8:10am
Quoting dove_alliance
Why is everyone talking about a long entry????????
maybe they don't know this pair as well as you do.

there are some things that i know better than others too.. however i don't treat them like idiots because they dont know what seems obvious to me.

pride comes before a fall.
  • #4,022
  • Aug 23, 2007 8:11am Aug 23, 2007 8:11am
Quoting mjolimer
maybe they don't know this pair as well as you do.

there are some things that i know better than others too.. however i don't treat them like idiots because they dont know what seems obvious to me.

pride comes before a fall.
Not to rally to Dove's defense, as I don't beleive he needs any, but the man's damn near laid out a guide to step by step trading which has been verified by most people here. Just saying.
Patience + Humility + Study = Success
  • #4,023
  • Aug 23, 2007 8:13am Aug 23, 2007 8:13am
Quoting DutchTrader
Its a looping head and shoulder candle morning star doji pattern!!!
Just checking........
The Dove - Forex Trainer
  • #4,024
  • Aug 23, 2007 8:17am Aug 23, 2007 8:17am
Quoting mjolimer
maybe they don't know this pair as well as you do.

there are some things that i know better than others too.. however i don't treat them like idiots because they dont know what seems obvious to me.

pride comes before a fall.
I have no idea what you're talking about I just asked a question because I got in long also and I had a reason to do so and I wanted to find out why others did the same..... now where are you coming from????
The Dove - Forex Trainer
  • #4,025
  • Aug 23, 2007 8:21am Aug 23, 2007 8:21am
Dove - just a question about the price action around 5:30am ET, when it first hit R2.

Just wondering about the retraces back over R2 that happened before the big move up.... would that not have been a signal for it to turn - rather than to continue up??? (I was not in the trade - just observing - to get a better understanding)

Thanks & God bless you for all your posts!
Primum quærite regnum Dei, et ómnia adjiciéntur vobis, dicit Dóminus.
  • #4,026
  • Aug 23, 2007 8:21am Aug 23, 2007 8:21am
Hey Dutch,

I guess what mjolimer want to say is fact that sometimes Dove instead of writing "Why is everyone talking about a long entry????????" could write :

Hey mjolimer - don't you see this and that and that,I don't think it is a good idea to go Long here.

He is a Christian and I'm a Christian-Catholic so being modest really doesn't hurt.

Now I want to emphasized that I admire his work - just sometimes he could be more precise

Some of use are still learning,are still on lowest level on "Forex career" - I think you've got to understand this

QUESTIONS and SHARING VIEWS are BEST WAYS TO IMPROVE ... in my (modest) opinion

my 2 cents

now go back to charts


P.S

aha you see - I understood this exactly as mjolimer ... I thought he was bashing him for writing about going Long

I told you Dove you have to be more precise
  • #4,027
  • Aug 23, 2007 8:21am Aug 23, 2007 8:21am
Quoting DutchTrader
Not to rally to Dove's defense, as I don't beleive he needs any, but the man's damn near laid out a guide to step by step trading which has been verified by most people here. Just saying.
no defence required, no attack intended

i've read the thread, and the posts, i am prepared to share and learn from anyone.

If you would rather i didn't ask questions or try to share opinion then i will butt out.

Shame on you.
  • #4,028
  • Aug 23, 2007 8:25am Aug 23, 2007 8:25am
my reason for long was bouncing off the pivot.. retraced to what is a reasonable level if the pair is being well behaved.

i not want to start a war.. just want to have some company and make some pips.

love you all.
  • #4,029
  • Aug 23, 2007 8:28am Aug 23, 2007 8:28am
Quoting mjolimer
no defence required, no attack intended

i've read the thread, and the posts, i am prepared to share and learn from anyone.

If you would rather i didn't ask questions or try to share opinion then i will butt out.

Shame on you.
I'm not here to attack or defend anyone, all I'm saying is that the information is there if you want it. It's been hashed and rehashed numerous times. That's all, shame on me for what? you're free to do and say what you want, no need for you to be defensive.
Patience + Humility + Study = Success
  • #4,030
  • Aug 23, 2007 8:28am Aug 23, 2007 8:28am
Quoting zpe618
Dove - just a question about the price action around 5:30am ET, when it first hit R2.

Just wondering about the retraces back over R2 that happened before the big move up.... would that not have been a signal for it to turn - rather than to continue up??? (I was not in the trade - just observing - to get a better understanding)

Thanks & God bless you for all your posts!
It busted through the R2 and then retraced back to it..... The whole thing about this movement was the trend...... It had a lot of power that began before 17:00 and this is why I stayed to trade..... But, it bust the R2 so it was going on even with the retrace. If it had retraced back below the R2, then yes, it would had turned.
The Dove - Forex Trainer
  • #4,031
  • Aug 23, 2007 8:33am Aug 23, 2007 8:33am
Got out of this with one pip; it's not ready to go yet and that is what I get for not focusing......
The Dove - Forex Trainer
  • #4,032
  • Aug 23, 2007 8:40am Aug 23, 2007 8:40am
I think we have some resistance at 116.55 which is 23.6% fib level (if you take 114.80 and recent high as your data) or 38.2% if you take 115.58 and recent high
  • #4,033
  • Aug 23, 2007 8:41am Aug 23, 2007 8:41am
Hi Dove

Do you think that this movemment of today is only a retracemment of the major trend or is a reversal of the same trend? Price touched Ema 21 on daily chart and came back. What do you think?
  • #4,034
  • Aug 23, 2007 9:41am Aug 23, 2007 9:41am
I want all you new traders that just came on this thread not too long ago to understand something, please.

When I came into this thread there were just a few traders and I introduce them to pivot trading..... I didn't come here to be an instructor or a mentor but only as someone who had a good way of trading..... You see, the high tech traders that trade for the banks use pivots as their number one indicator, and then comes the trends, and then there are some, that use bias action charts, not many, but a few.....

Pivot trading is like a magic wand…. It is invisible until you put the lines to them. I have done a major research on study material for pivots and cannot find any. And the reason for it is because pivot trading is the best indicator that money can buy…..

I have been highly blessed by my Lord for been given this blessing. I am a no-body but only an instrument for His purpose…. If it hadn’t been for Him, I too would be hungry for a system that works and would keep me in profit and so, I understand very well. But in order for me to teach everything that I know about the system I use would take months with many, many hours of mentoring.

A few of you new traders act like I owe you something..... Because I'm short on my answers not giving a great detail of what you want, you then will turn and bash..... I do not have that kind of time. I too also trade with you and doing all I can to stay focus on those trades, not only for myself, but also for you…. Because all it would take is one bad call and we all would loose….

Now, here is the link (http://www.forexfactory.com/search.php?searchid=1980789) for every post I have made since day one, including this one. The only cost for this information for you would be ink and paper to print them. This is the best I can do. I cannot go over and over the same questions. My time is valuable just the same as it is with you.

If I seem a little harsh then I deeply apologize……
The Dove - Forex Trainer
  • #4,035
  • Aug 23, 2007 9:45am Aug 23, 2007 9:45am
dove,

Did you know that the principal of pivots works on ANY pair? Seriously.
Patience + Humility + Study = Success
  • #4,036
  • Aug 23, 2007 9:45am Aug 23, 2007 9:45am
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.
  • #4,037
  • Aug 23, 2007 9:48am Aug 23, 2007 9:48am
Quoting DutchTrader
dove,

Did you know that the principal of pivots works on ANY pair? Seriously.
Yes I do - In fact all your professional traders in all the markets, may it be stock, SP 500, any of them, use pivots as their #1 indicator.... This is why you can't find anything on pivots for the public.
The Dove - Forex Trainer
  • #4,038
  • Aug 23, 2007 9:53am Aug 23, 2007 9:53am
Quoting dove_alliance
(http://www.forexfactory.com/search.php?searchid=1980789)
is it just me, or the link is broken?
  • #4,039
  • Aug 23, 2007 9:54am Aug 23, 2007 9:54am
Quoting trader07
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.
It is too hard to explain how I use them together because everything falls in sync on all my charts which determines my entries and my exits. What I'm trying to say is that each chart has a multiple function on my trades.
The Dove - Forex Trainer
  • #4,040
  • Aug 23, 2007 9:56am Aug 23, 2007 9:56am
Quoting Gwan
is it just me, or the link is broken?
I just clicked on it and it came up.
The Dove - Forex Trainer
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