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USD/JPY Discussion

  • #4,181
  • Aug 25, 2007 7:50am Aug 25, 2007 7:50am
Hi Brother Dove and Brother Traders,

I want to thank Brother Dove for sharing his pivot system, managed to win 6

out of 8 trades on Friday 24th on U/J, earning 68+pips, albeit only paper

trades. Looks like Brother Dove's system works even for someone like me,

just blew up my 1st live account in about 4 weeks a few days prior to

reading about this forum.
  • #4,182
  • Aug 25, 2007 11:18pm Aug 25, 2007 11:18pm
this was posted by goldman sachs on friday 24th of August:

"Goldman Sachs also said the dollar will decline to 110 yen in the next three to six months, from 116 yen at present, compared with a previous forecast of 118 yen"

hmm...
  • #4,183
  • Aug 26, 2007 12:17am Aug 26, 2007 12:17am
Quoting invicta79
this was posted by goldman sachs on friday 24th of August:

"Goldman Sachs also said the dollar will decline to 110 yen in the next three to six months, from 116 yen at present, compared with a previous forecast of 118 yen"

hmm...
A lot of analysts said the same thing after the February rout, U/J went on to rally to 124..

I think their call of 1.43 euro is possible.. The whole "flight to quality" was only able to budge the USDX from its multi-year low of 80 up to 82, and already it's back to near 80. So much for that..
  • #4,184
  • Aug 26, 2007 12:51pm Aug 26, 2007 12:51pm
I am predicting a rally to 127. At 124 I predicted a correction. Now that the correction has passed... look for 127 to trade. I am in at 114.40. Let the Carry role along with the roll overs!!
say something political...what I would eat if I wasn't going to die.
  • #4,185
  • Aug 26, 2007 2:00pm Aug 26, 2007 2:00pm
Dear FF members,


Newbie's opinion

UJ can reach these level

1st Target: 117.04


THIS IS NOT A TRADE RECOMMENDATION, JUST AN ANALYSIS
{ Link Removed }
  • #4,186
  • Aug 26, 2007 2:34pm Aug 26, 2007 2:34pm
New weekly candle popped in at 15:00 ET so here are the weekly pivots which are as important as the daily…. The daily pivots do not come in until 17:00 ET

WEEKLY

R3 – 121.21
MP – 120.18
R2 – 119.16
MP – 118.46
R1 – 117.77
MP – 116.74

PIVOT – 115.72
MP – 116.04
CENTRAL – 116.37

MP – 115.02
S1 – 114.33
MP – 113.30
S2 – 112.28
MP – 111.57
S3 – 110.89

MP = THE 50% RETRACE.
The Dove - Forex Trainer
  • #4,187
  • Aug 26, 2007 2:40pm Aug 26, 2007 2:40pm
The weekly central pivot opened on the new up trend fibo which is the 116.37 of the 38.2%
The Dove - Forex Trainer
  • #4,188
  • Aug 26, 2007 3:22pm Aug 26, 2007 3:22pm
Quoting dove_alliance
New weekly candle popped in at 15:00 ET so here are the weekly pivots which are as important as the daily…. The daily pivots do not come in until 17:00 ET

WEEKLY

R3 – 121.21
MP – 120.18
R2 – 119.16
MP – 118.46
R1 – 117.77
MP – 116.74

PIVOT – 115.72
MP – 116.04
CENTRAL – 116.37

MP – 115.02
S1 – 114.33
MP – 113.30
S2 – 112.28
MP – 111.57
S3 – 110.89

MP = THE 50% RETRACE.
Thanks Dove.... Dove do you use the Central Pivot to calculate any of the midpoints for S1,2,3 or R1,2,3?
  • #4,189
  • Aug 26, 2007 3:26pm Aug 26, 2007 3:26pm
Quoting trader07
Thanks Dove.... Dove do you use the midpoint between the Weekly Pivot and S1 or the Central Pivot and R1?
All pivots are used..... If the daily comes in between the weekly pivot and central then there will fun time tonight with all the bounces between pivots including the 50%....... That is what happened Friday with all those bounces off the 50%......
The Dove - Forex Trainer
  • #4,190
  • Aug 26, 2007 3:49pm Aug 26, 2007 3:49pm
Quoting dove_alliance
All pivots are used..... If the daily comes in between the weekly pivot and central then there will fun time tonight with all the bounces between pivots including the 50%....... That is what happened Friday with all those bounces off the 50%......
So why only calculate the MP for the Weekly 115.72 and S1 114.33 and not Central 116.37 and S1 114.33?
  • #4,191
  • Aug 26, 2007 3:59pm Aug 26, 2007 3:59pm
Quoting trader07
So why only calculate the MP for the Weekly 115.72 and S1 114.33 and not Central 116.37 and S1 114.33?
I've been through this over and over..... All pivot points including the MP, which is the 50% in all the calculations including the daily pivots plays an important part in the movements of the candles. On the Daily, I will give the pivots then it is up to you to place the 50%...... I won't do all the work for you..... If you notice, all the MP's are in place for the weekly.
The Dove - Forex Trainer
  • #4,192
  • Aug 26, 2007 4:07pm Aug 26, 2007 4:07pm
R3 - 117.72
R2 - 117.10
R1 - 116.75

Daily - 116.13
Central - 116.41

S1 - 115.78
S2 - 115.16
S3 - 114.81
The Dove - Forex Trainer
  • #4,193
  • Aug 26, 2007 4:07pm Aug 26, 2007 4:07pm
Quoting dove_alliance
I've been through this over and over..... All pivot points including the MP, which is the 50% in all the calculations including the daily pivots plays an important part in the movements of the candles. On the Daily, I will give the pivots then it is up to you to place the 50%...... I won't do all the work for you..... If you notice, all the MP's are in place for the weekly.
I just trying to learn and confirm... The Weekly Central 116.37 can be used to calculate MPs also... I just wanted to know if they were important... Thank you
  • #4,194
  • Aug 26, 2007 4:10pm Aug 26, 2007 4:10pm
Quoting trader07
I just trying to learn and confirm... The Weekly Central 116.37 can be used to calculate MPs also... I just wanted to know if they were important... Thank you
the weekly central is what it is..... The central pivot for the week..... it has nothing to do with the 50%
The Dove - Forex Trainer
  • #4,195
  • Aug 26, 2007 4:11pm Aug 26, 2007 4:11pm
Anything between the pivots which are the daily, the central, all the R's and all the S's have the 50% retrace..... that will include the weekly and the every day of the daily.
The Dove - Forex Trainer
  • #4,196
  • Aug 26, 2007 4:15pm Aug 26, 2007 4:15pm
The easiest way to keep track of your weekly is place them in a daily candle chart...... include all the MP's...... This way you can keep track.
The Dove - Forex Trainer
  • #4,197
  • Aug 26, 2007 4:16pm Aug 26, 2007 4:16pm
Hey Dove,

Thanks for calculating the pivot points

I really appreciate it

Also,could you tell me what high and low did you use to calculate that fibo you mentioned earlier ?
  • #4,198
  • Aug 26, 2007 4:27pm Aug 26, 2007 4:27pm
Quoting dove_alliance
the weekly central is what it is..... The central pivot for the week..... it has nothing to do with the 50%
Thank you. I understand now.
  • #4,199
  • Aug 26, 2007 4:29pm Aug 26, 2007 4:29pm
Quoting PolishTrader
Hey Dove,

Thanks for calculating the pivot points

I really appreciate it

Also,could you tell me what high and low did you use to calculate that fibo you mentioned earlier ?
No problem...... I will be back later I am now on my way to church...... Sunday nights are always a time trying to break through the main pivots so it will be fun night going through, or at least trying too.
The Dove - Forex Trainer
  • #4,200
  • Aug 26, 2007 4:31pm Aug 26, 2007 4:31pm
One thing that is in favor and that is the trend is up, already above both weekly pivot the daily pivot.
The Dove - Forex Trainer
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