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USD/JPY Discussion

  • #4,481
  • Aug 30, 2007 1:50pm Aug 30, 2007 1:50pm
I guess Daily Pivot is next target
  • #4,482
  • Aug 30, 2007 1:51pm Aug 30, 2007 1:51pm
heh
It's possible

Tworzy sie trojkat spadkowy, wskazniki z AT pokazuje możliwosc zaistnienia takiej sytuacji . Obstawiam TP 70pips 114.60.

See my pictures. For 2 hours it may be a signal from my 4h system.

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  • #4,483
  • Aug 30, 2007 1:52pm Aug 30, 2007 1:52pm
Quoting NMike
U/J down..., for 2 hours it should be cleaner ...

Pozdro Panowie !!
Why down?
There are inverted head-and shoulders formations all over the place (USD/JPY, AUD/USD, AUD/JPY) on 1-Hour charts.
This has to shoot up - if not now, right after Bernanke speech tomorrow.
Investing in 0% yen is like putting cash on the shelf
"Luxury is one of the basic needs", (c), Don Corleone
  • #4,484
  • Aug 30, 2007 2:00pm Aug 30, 2007 2:00pm
Its a Short for some nearest hours . Just now Short isn't verified...
  • #4,485
  • Aug 30, 2007 2:13pm Aug 30, 2007 2:13pm
Quoting NMike
heh
It's possible

Tworzy sie trojkat spadkowy, wskazniki z AT pokazuje możliwosc zaistnienia takiej sytuacji . Obstawiam TP 70pips 114.60.

See my pictures. For 2 hours it may be a signal from my 4h system.

http://www.youtube.com/watch?v=3u2qRXb4xCU ...
Loved the youtube post a must watch!!!!!!
creating wealth one pip at a time.....
  • #4,486
  • Aug 30, 2007 4:31pm Aug 30, 2007 4:31pm
Looks like we have a big convergence of PP's with the weekly at 115.73. daily at 115.76 and central at 115.84.

Could be tough nut to crack going south.

G-Man
  • #4,487
  • Aug 30, 2007 4:56pm Aug 30, 2007 4:56pm
Hi all

I use pivot for entery and exit, but I don't really understand what constitute a strong support or resistance, today all I could do was watch my chart go sideways, anyone to help a newbie on Dove's method?
All the best things in life are free.
  • #4,488
  • Aug 30, 2007 5:05pm Aug 30, 2007 5:05pm
Quoting fx_lane
Hi all

I use pivot for entery and exit, but I don't really understand what constitute a strong support or resistance, today all I could do was watch my chart go sideways, anyone to help a newbie on Dove's method?
Dove's method is basically this:

- Use pivots for your entry and TP
- Determine direction of the trade by using indicators

Go back to page 60 or so of this thread and start reading his posts from there. Take notes. I have been and have slowly been piecing together his strategy. It'll take a couple of days, maybe 1 full day if you just do that nonstop, but it's what you need to do if you haven't already.
  • #4,489
  • Aug 30, 2007 5:25pm Aug 30, 2007 5:25pm
anyone have the new pivots??? thanks in advance
creating wealth one pip at a time.....
  • #4,490
  • Aug 30, 2007 6:21pm Aug 30, 2007 6:21pm
Quoting wheelsut
anyone have the new pivots??? thanks in advance
R3-117.34
R2-116.78
R1-116.32
PP-115.76
S1-115.30
S2-114.74
S3-114.28
Mr. Dove the reason why I was 3 pips off is becouse I was using the ask chart inset of th bid, thanks a lot for every thing and god bless you, hope you doing fine with out the chat, we miss you, at least, I do.
The Chonchy
  • #4,491
  • Aug 30, 2007 6:42pm Aug 30, 2007 6:42pm
Tokyo about to kick in, t-minus 20 minutes. Any thoughts for the new day?

Currently hitting the MP of the weekly pivot and central point. A lot seems to be pointing to down on multiple timeframes.
  • #4,492
  • Aug 30, 2007 6:55pm Aug 30, 2007 6:55pm
Quoting thegunslinger
Tokyo about to kick in, t-minus 20 minutes. Any thoughts for the new day?

Currently hitting the MP of the weekly pivot and central point. A lot seems to be pointing to down on multiple timeframes.
5-minute chart shows a nice triangle up

I am long since 115.97, TP at R1-10

Better yet, long on AUD/JPY :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #4,493
  • Aug 30, 2007 7:11pm Aug 30, 2007 7:11pm
I'm looking to go long on a close above the daily M3. I like the confluence of the top of the triangle, M3, and the 79% retracement of the last swoon down all at the same price. But a break below the triangle looks good for a short since the sto's are at the top, so I guess I'll let price take me in. Just my 2 cents which might only be worth a penny.

Any thoughts on which would be the stronger breakout?
  • #4,494
  • Aug 30, 2007 7:13pm Aug 30, 2007 7:13pm
I agree, Pipvalhalla, but if it breaks south (as it's trying now) I'll wait to add long at the daily pivot point
"Luxury is one of the basic needs", (c), Don Corleone
  • #4,495
  • Aug 30, 2007 7:24pm Aug 30, 2007 7:24pm
Hey Firstboss - I see your point.
  • #4,496
  • Aug 30, 2007 8:19pm Aug 30, 2007 8:19pm
Hmm..all of you are long..and I'm short. :-/
  • #4,497
  • Edited 8:40pm Aug 30, 2007 8:24pm | Edited 8:40pm
Mouteki 4hr chart or Tom De Mark trend line.
1. Target 118.48 if broke the top yellow trendline (long).
Or
2. Target 110.05 if broke the bottom blue trendline (short).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: mouteki usdjpy 4h sell.gif Size: 18 KB
  • #4,498
  • Aug 30, 2007 8:47pm Aug 30, 2007 8:47pm
This thing is slowly trying to creep its way up...
But trading range is still relatively tight.
Chances favour the prepared.
  • #4,499
  • Aug 30, 2007 9:13pm Aug 30, 2007 9:13pm
Charts are syncing for an upmove..
But dont know how high it'll go of coz ..
Chances favour the prepared.
  • #4,500
  • Aug 30, 2007 9:18pm Aug 30, 2007 9:18pm
Quoting jasonowl
Charts are syncing for an upmove..
But dont know how high it'll go of coz ..
I don't think too high before the swarm of morning news and Bernanke speech. But this week closing will be spectacular :-)
"Luxury is one of the basic needs", (c), Don Corleone
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