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USD/JPY Discussion

  • #4,321
  • Aug 28, 2007 2:40pm Aug 28, 2007 2:40pm
Quoting DutchTrader
Yep, cashed out at 87.34 then went long at 88.04. I'm currently long at 89.75 and looking for 92.00
Dutch,

Good run on A/J to 97. Did you get out/re-short before this fall? It's getting hammered vs G/J and E/J.
  • #4,322
  • Aug 28, 2007 2:52pm Aug 28, 2007 2:52pm
U/J taking out all the pivots today, volatility is back.
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  • #4,323
  • Aug 28, 2007 3:03pm Aug 28, 2007 3:03pm
Quoting Trader KGB
U/J taking out all the pivots today, volatility is back.
Yes my prediction that is guaranteed is volatility
  • #4,324
  • Aug 28, 2007 3:17pm Aug 28, 2007 3:17pm
It's not the volatility but the trend.....

There are many variables working the pivots and the trend..... Sunday when the market open the trend was up.... Through Sunday and Monday morning it work hard to change the trend..... Monday morning the trend had changed from an up to an down at 08:00 ET..... At that time I placed an entry at the 116.10 on a sell with a stop and no limit..... This trend has been strong and I stayed in until 16:57 ET Monday, closed my trade at 115.86 so I wouldn't have to pay the cost of carry and then at 17:03 ET, got back into the sell at 115.82 and just close this trade at the Weekly S1 114.33..... The trend is still down and now I will wait until Tokyo comes at 20:00 ET..... When you have this kind of trend it is best just to ride it..... Unless you want to work the pivots and more and likely, working the pivots you would make more pips...... It all depends how you feel about it.
The Dove - Forex Trainer
  • #4,325
  • Aug 28, 2007 3:34pm Aug 28, 2007 3:34pm
Quoting dove_alliance
then at 17:03 ET, got back into the sell at 115.82 and just close this trade at the Weekly S1 114.33..... The trend is still down and now I will wait until Tokyo comes at 20:00 ET.....
If you rode it down during the pre-Asia session yesterday (17:00-20:00), what made you differ from that today? Just the weekly S1?
  • #4,326
  • Aug 28, 2007 3:40pm Aug 28, 2007 3:40pm
Quoting Trader KGB
If you rode it down during the pre-Asia session yesterday (17:00-20:00), what made you differ from that today? Just the weekly S1?
Because the trend was strong and was going no-where but down..... As you would notice at 17:00 yesterday it continue down....... Usually, if the market has no trend such as this one I would wait.....
The Dove - Forex Trainer
  • #4,327
  • Aug 28, 2007 3:46pm Aug 28, 2007 3:46pm
It had already hit the weekly S1 and when this happens there will be much up and down...... The trend is still strong.... but the weekly S1 is a strong barrier....
The Dove - Forex Trainer
  • #4,328
  • Aug 28, 2007 3:49pm Aug 28, 2007 3:49pm
Quoting dove_alliance
It had already hit the weekly S1 and when this happens there will be much up and down...... The trend is still strong.... but the weekly S1 is a strong barrier....
Interesting, thanks. Good trade.
  • #4,329
  • Aug 28, 2007 3:52pm Aug 28, 2007 3:52pm
Right now there are two turn pivots..... one below and one above the S1..... 114.45 and 114.22
The Dove - Forex Trainer
  • #4,330
  • Aug 28, 2007 5:13pm Aug 28, 2007 5:13pm
Dove,could you post pivots for today ?

Thanks in advance
  • #4,331
  • Aug 28, 2007 5:19pm Aug 28, 2007 5:19pm
This what I got....

USD/JPY

R3 – 116.97
MP – 116.69
R2 – 116.41
MP – 115.86
R1 – 115.32
MP – 115.04

Daily Pivot – 114.76
MP – 114.50
Central – 114.24

MP – 114.21
S1 – 113.67
MP – 113.39
S2 – 113.11
MP – 112.56
S3 – 112.02
  • #4,332
  • Aug 28, 2007 5:20pm Aug 28, 2007 5:20pm
Quoting PolishTrader
Dove,could you post pivots for today ?

Thanks in advance
Hello, How are you correct me if I'm wrong.

R3-117.01
R2-116.44
R1-115.36

PP114.79

S1-113.71
S2-113.14
S3-112.06

I don't know how to get the central, apreciate it some help, thanks in advance, god bless.
The Chonchy
  • #4,333
  • Aug 28, 2007 5:22pm Aug 28, 2007 5:22pm
Quoting chonchy
Hello, How are you correct me if I'm wrong.

R3-117.01
R2-116.44
R1-115.36

PP114.79

S1-113.71
S2-113.14
S3-112.06

I don't know how to get the central, apreciate it some help, thanks in advance, god bless.
I have no idea how you came with that but trader07 is correct.
The Dove - Forex Trainer
  • #4,334
  • Aug 28, 2007 5:25pm Aug 28, 2007 5:25pm
Thanks trader,

These "little differences" are caused by our brokers - mine pivots were something between trader and chonchy.

That is why I asked for calculating them
  • #4,335
  • Aug 28, 2007 5:27pm Aug 28, 2007 5:27pm
Quoting chonchy
Hello, How are you correct me if I'm wrong.

R3-117.01
R2-116.44
R1-115.36

PP114.79

S1-113.71
S2-113.14
S3-112.06

I don't know how to get the central, apreciate it some help, thanks in advance, god bless.
I'm certain that some people might be a little bit upset because this question was asked MANY times but in case you (somehow) missed it :

It is OPEN of 17ET candle
  • #4,336
  • Aug 28, 2007 5:32pm Aug 28, 2007 5:32pm
Quoting dove_alliance
I have no idea how you came with that but trader07 is correct.
Ok, I took the dayly candle of yesterday and put the following.

open-115.87
high-115.88
low-114.23
close-114.28

this I got then from accucharst, fx solutions, then put them in a pivot point calculator in fasttrackforex.com, is call crown & glory calculator, I don't know what I did with the one you gave me.
The Chonchy
  • #4,337
  • Aug 28, 2007 5:36pm Aug 28, 2007 5:36pm
Quoting chonchy
Ok, I took the dayly candle of yesterday and put the following.

open-115.87
high-115.88
low-114.23
close-114.28

this I got then from accucharst, fx solutions, then put them in a pivot point calculator in fasttrackforex.com, is call crown & glory calculator, I don't know what I did with the one you gave me.
You are 3 pips high on each one of them.
The Dove - Forex Trainer
  • #4,338
  • Aug 28, 2007 5:41pm Aug 28, 2007 5:41pm
Quoting dove_alliance
You are 3 pips high on each one of them.
Hello Mr. Dove a plesure here, but don't you get the low, high, open and close from accusharts, the daily chart, the candle of 8-28 07?
thanks in advance, god bless.
The Chonchy
  • #4,339
  • Aug 28, 2007 8:27pm Aug 28, 2007 8:27pm
Treading at 50% between Central and S1 now.
S/T Trend is still down thou....
Chances favour the prepared.
  • #4,340
  • Aug 28, 2007 9:05pm Aug 28, 2007 9:05pm
Short the pair... Order triggered @ 113.99... Man, I'm late...

Shall the downtrend remains....
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