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USD/JPY Discussion

  • #4,101
  • Aug 23, 2007 9:32pm Aug 23, 2007 9:32pm
Quoting trader07
The large spread isn't bothersome?
My spread is only 5 pips on a/j
Patience + Humility + Study = Success
  • #4,102
  • Aug 23, 2007 9:39pm Aug 23, 2007 9:39pm
Quoting dove_alliance
R3 - 118.91
R2 - 118.01
R1 - 117.09

DAILY - 116.19
CENTRAL - 116.17 (Have Fun)

S1 - 115.27
S2 - 114.37
S3 -113.34

As you notice - the Daily and Central are within two pips of one another.... In this case, the central pivot has no value..... The daily only.

And as you probably have noticed, the trend did change to an up......
Dove,

My Pivot points are a little different from yours and others. They are supplied on my charts on A-C Markets platform. Your daily is 116.19 and mine for 8/24/07 is 116.22 on the daily, 3 and 30 min charts. Do you know what might be causing the differences?

sh
  • #4,103
  • Aug 23, 2007 9:49pm Aug 23, 2007 9:49pm
Quoting sierra_hotel
Dove,

My Pivot points are a little different from yours and others. They are supplied on my charts on A-C Markets platform. Your daily is 116.19 and mine for 8/24/07 is 116.22 on the daily, 3 and 30 min charts. Do you know what might be causing the differences?

sh
mine also different

r3 118.95
r2 118.04
r1 117.18

D 116.27
C 116.26

s1 115.41
s2 114.50
s3 113.64
  • #4,104
  • Aug 23, 2007 9:54pm Aug 23, 2007 9:54pm
Quoting DutchTrader
My spread is only 5 pips on a/j
Mine is 7 pips?
  • #4,105
  • Aug 23, 2007 10:02pm Aug 23, 2007 10:02pm
Quoting trader07
The large spread isn't bothersome?
My broker gives me spread that varies between 2 and 4 pips (mostly 2).
"Luxury is one of the basic needs", (c), Don Corleone
  • #4,106
  • Aug 23, 2007 10:10pm Aug 23, 2007 10:10pm
My US broker is 7 and my local is 2 pips, hmmm. Interesting. Why didn't i think of that...
Still waters run deep
  • #4,107
  • Aug 23, 2007 10:22pm Aug 23, 2007 10:22pm
0.4 pip here, can't go wrong with ECNs
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  • #4,108
  • Aug 23, 2007 10:30pm Aug 23, 2007 10:30pm
Quoting Trader KGB
0.4 pip here, can't go wrong with ECNs
That's really cool! Mine is an ECN as well, but the best spread I get on EUR/USD is 0.5 pips (occasionally, there are zero spreads for a few seconds)
"Luxury is one of the basic needs", (c), Don Corleone
  • #4,109
  • Aug 23, 2007 10:34pm Aug 23, 2007 10:34pm
Quoting Trader KGB
0.4 pip here, can't go wrong with ECNs
Wow! Who are you with? ECNs are better than market makers...
  • #4,110
  • Aug 23, 2007 10:57pm Aug 23, 2007 10:57pm
Quoting trader07
Wow! Who are you with? ECNs are better than market makers...
Check your PMs.
  • #4,111
  • Aug 23, 2007 11:07pm Aug 23, 2007 11:07pm
Send me a pm too Please :-D
  • #4,112
  • Aug 24, 2007 1:03am Aug 24, 2007 1:03am
Looks like we have established a downtrend below the daily. Looking for a test of S1 according to Dove's rules. 50% of Pivot/S1 comes in at 115.73.

G-Man
  • #4,113
  • Aug 24, 2007 1:09am Aug 24, 2007 1:09am
Quoting G-Man
Looks like we have established a downtrend below the daily. Looking for a test of S1 according to Dove's rules. 50% of Pivot/S1 comes in at 115.73.

G-Man
r u ready to short waiting for confirmation? with target of 115.27?

or long once it doesnt breach 115.73
  • #4,114
  • Aug 24, 2007 1:12am Aug 24, 2007 1:12am
Quoting dove_alliance
R3 - 118.91
R2 - 118.01
R1 - 117.09

DAILY - 116.19
CENTRAL - 116.17 (Have Fun)

S1 - 115.27
S2 - 114.37
S3 -113.34
dove,
What's your high for 8/23? I think you're showing 117.11, I just want to confirm. It's 117.13 on my end.
  • #4,115
  • Aug 24, 2007 1:22am Aug 24, 2007 1:22am
Quoting G-Man
Looks like we have established a downtrend below the daily. Looking for a test of S1 according to Dove's rules. 50% of Pivot/S1 comes in at 115.73.

G-Man
do you mean below the daily pivot? How sure are you about his rules, just wanna be sure I'm not wrong...
  • #4,116
  • Aug 24, 2007 1:37am Aug 24, 2007 1:37am
Quoting bocanti
r u ready to short waiting for confirmation? with target of 115.27?

or long once it doesnt breach 115.73
I've been short since 115.95 and adding on the way down according to my other indicators.

I mention 115.73 as it is a 50% level and there may be some retracement, but I think as far as Dove looks at it he only refers to them more after the target has been reached. i.e. price goes down to S1 then retraces, the halfway point back to the pivot could be a good target.

G-Man
  • #4,117
  • Aug 24, 2007 1:39am Aug 24, 2007 1:39am
Quoting kreeper_6
do you mean below the daily pivot? How sure are you about his rules, just wanna be sure I'm not wrong...
Yep daily pivot.

I'm not 100% on Doves rules but this is how I understand them. Break one pivot level, then the target becomes the next one. If that level doesn't break, then look for a return to where price came from.

G-Man
  • #4,118
  • Aug 24, 2007 1:40am Aug 24, 2007 1:40am
Found some support at 115.63/64.

Shorts still in play.

G-Man
  • #4,119
  • Aug 24, 2007 1:44am Aug 24, 2007 1:44am
thanks G-man.
  • #4,120
  • Aug 24, 2007 1:44am Aug 24, 2007 1:44am
Quoting G-Man
Yep daily pivot.

I'm not 100% on Doves rules but this is how I understand them. Break one pivot level, then the target becomes the next one. If that level doesn't break, then look for a return to where price came from.

G-Man
When you said break a certain level, did you mean like how it did a little while ago. Or does it have to close below it??
"Don't work for your money, but let money work for you."
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