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USD/JPY Discussion

  • #4,941
  • Sep 10, 2007 8:47am Sep 10, 2007 8:47am
Folks,

I'm not taking sides but let's not add fuel to fire and get back to sharing. Everyone has a perogative to what they want to say, how they want to act.

Its endless if we keep harping.

If dove wants to come back, he will.
  • #4,942
  • Sep 10, 2007 8:50am Sep 10, 2007 8:50am
Kreeper,

interesting name actually, and you didn't say you had a superior system i stand corrected, i feel that your comments are of a negative nature and if you have a better solution then why don't you post your own thread and comments and we can all pick them to pieces too, just like you have done to dove .......... they are his comments if you don't want to take them on board then why comment, for the benefit of others i don't think so.
sometimes in life it is better not to comment, and let things lie.

I wish you well kreeper in your endeavours.
Jordie
  • #4,943
  • Sep 10, 2007 9:06am Sep 10, 2007 9:06am
Please, letīs "Tsunami" behind and talk about USD/Yen. Selective eyes and fingers. Only read and write only what is interesting.

Please, please.........UDD/Yen is down. Do you think that this is a change of today movemment or only a retracemment?

Thanks
  • #4,944
  • Sep 10, 2007 9:08am Sep 10, 2007 9:08am
Quoting Forexpupil
Please, letīs "Tsunami" behind and talk about USD/Yen. Selective eyes and fingers. Only read and write only what is interesting.

Please, please.........UDD/Yen is down. Do you think that this is a change of today movemment or only a retracemment?

Thanks
It looks like it may bounce up off of the 50Ema on a 15minTF, so it may have been a small retracement down. 15min trend is up. trendline shows that it could go down to 113.45 on the 15minTF. the 50 Hma is showing a trend change though.
  • #4,945
  • Sep 10, 2007 9:20am Sep 10, 2007 9:20am
Quoting kreeper_6
It looks like it may bounce up off of the 50Ema on a 15minTF, so it may have been a small retracement down. 15min trend is up. trendline shows that it could go down to 113.45 on the 15minTF

Thanks Kreeper. Is a 50 Ema on 1 H chart a resistence?
  • #4,946
  • Sep 10, 2007 9:24am Sep 10, 2007 9:24am
Quoting Forexpupil
Thanks Kreeper. Is a 50 Ema on 1 H chart a resistence?
I don't use ma's as support and resistance. I use them for entry/exit signals, although I don't see why you couldn't. the hourly R2 is 6 pips away from the current 50Ema @114.06

http://www.actionforex.com/forex_ana..._200603205734/

go there to check the hourly resistance levels.
  • #4,947
  • Sep 10, 2007 9:52am Sep 10, 2007 9:52am
know that some people use Emas for resistances and supports. This based on pivot points is good. The problem is that according the brokers that have different hours to open and close we can see very diferent values to calculate pivots. Is for that that we see always different values as supports and resistances, sometimes with few pips, other with many pips.

Who have an indication of a broker who close at 17,00?

Thanks
  • #4,948
  • Sep 10, 2007 9:58am Sep 10, 2007 9:58am
The tweezers failure to break the 114 level and the pivot at 09:00 helped me make a nice sell at the 231 area in GJ, partials closed for +100 less spread.....Im also short UJ and seeing how for this will drop, next stop 61.8% fibboīas Iīve just lost all my pivots!
Trading Levels with WRBs
  • #4,949
  • Sep 10, 2007 10:53am Sep 10, 2007 10:53am
Daily P'Forks
Attached Image (click to enlarge)
Click to Enlarge Name: 20070910,Yen,daily(2).gif Size: 17 KB
  • #4,950
  • Sep 10, 2007 12:47pm Sep 10, 2007 12:47pm
September 10, 2007 - September 14, 2007

View on USD/JPY: Payrolls hurt the dollar.

GFSignals team provides a week forecast for USD/JPY

+2556 pips - this is the trading result our forex signals providers made for the last week. More details at our web-site.

The disastrous US payrolls report on Friday last week hit the USD/JPY in quite an aggressive way. During the morning session in Europe, USD/JPY drifted sideways in the 115.00- area. And then the pair tumbled from above a 115 level before the publication of the payrolls to the 113.15-area later in US trading. 200 pips decline for the day in the whole. This morning at the open in Asia, the USD/JPY decline first continued, but the pair finally found some support in the 112.60-area. The picture is still correcting. Though, after Friday's US data we don't see any reason the yen to change the course. Now the pair may easily achieve and even get over the resistance at 111.60. We still look to sell USD/JPY.

Last week two of our scripts were partly fulfilled: (30%): Correcting fluctuations in the range of 114.00-117.50 and (40%): A decline towards 111.60 level and we expect the further development for the second script. The pair fell almost 300 pips down last week reaching the 113-shape region. The side fluctuations range at 114.00-117.00 was broken down and now the August intra-day lows at111.60 area come back in the picture. Additional floor is eyed at May's 2006 low region at 109.00. But a break below the 111.60 support is needed for this decline.

Script 1 (70%): A decline towards 111.60 level.
It is quite possible a course decline again hitting the August's low at 111.60. But after that a rebound and rising up back to 117.00 is possible again. Though it is very possible a further decline.

Script 2 (10%): A further decline towards 109.00 level.
It is quite possible a further course decline hitting the 109-shape area where May's 2006 low is. This script will be expected after the 111.60 level breakout.

Script 3 (20%): A recovery up to 117.00-118.00.
It must not be ruled out the next rise hitting the highs at 117.00-118.00. But after any of such correction rising there is a high possibility for the next decline towards the support achieved at 111.60.

Resistances
117.00/20 - the line trend projection from January 2005.
118.50 - the broken out May's trend from 2006.
119.90 - August's high.
124.10 - the year and longstanding highs.

Supports
113.10 - the last week low.
111.60 - the local low and 2007 low.
109.00 - May's 2006 low.
101.70 - the longstanding lows in 2004-2005.
  • #4,951
  • Sep 10, 2007 1:42pm Sep 10, 2007 1:42pm
Just a verification, what numbers constitute a pip? in 1.3456 what would be a one pip increase? ANd also what does pip stand for?
  • #4,952
  • Sep 10, 2007 1:49pm Sep 10, 2007 1:49pm
Quoting freed14
Just a verification, what numbers constitute a pip? in 1.3456 what would be a one pip increase? ANd also what does pip stand for?

The last number, 1.3457 is +1 pip, price interest point.
  • #4,953
  • Sep 10, 2007 2:19pm Sep 10, 2007 2:19pm
THanks so much scott. i really appreciate it. I am testing out simple moving average with period of 50 (does that make it 50SMA?) and combine that with ema's of period 21 and 10. When trend retraces to inbetween the ema's and the sma has a slope of over say 20 degrees then its time to get in. Not sure how well this is going to work. What do youguys think?
  • #4,954
  • Sep 10, 2007 2:51pm Sep 10, 2007 2:51pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting freed14
THanks so much scott. i really appreciate it. I am testing out simple moving average with period of 50 (does that make it 50SMA?) and combine that with ema's of period 21 and 10. When trend retraces to inbetween the ema's and the sma has a slope of over say 20 degrees then its time to get in. Not sure how well this is going to work. What do youguys think?
beats the hell out of me except it looks like a swingtrader style. in the members list look for WTB he swingtrades so may be able to help. also his site hectortrader.com has an SMA setup on it you might like.

it looks to me like you are just starting out, so i advise you to visit babypips.com, and keep it close to hand.

learn how to place your trades and view charts before developing systems, you may find what you want is already tried and tested.

best of luck
  • #4,955
  • Sep 10, 2007 3:24pm Sep 10, 2007 3:24pm
Quoting freed14
THanks so much scott. i really appreciate it. I am testing out simple moving average with period of 50 (does that make it 50SMA?) and combine that with ema's of period 21 and 10. When trend retraces to inbetween the ema's and the sma has a slope of over say 20 degrees then its time to get in. Not sure how well this is going to work. What do youguys think?
My guess is you got that system from this thread:

http://www.forexfactory.com/showthread.php?t=11854

Its the Phillip Nel system....I have been using it for awhile as well...

Credit due, where credit earned.
  • #4,956
  • Sep 10, 2007 5:13pm Sep 10, 2007 5:13pm
I think we gonna witness so down movement - first target Daily Pivot at 113.42 (I know it might differ with yours).

What do you guys think ?
  • #4,957
  • Sep 10, 2007 5:59pm Sep 10, 2007 5:59pm
Quoting PolishTrader
I think we gonna witness so down movement - first target Daily Pivot at 113.42 (I know it might differ with yours).

What do you guys think ?
I think you are rigth, fundamentaly, should go down becouse NFP I think is still in the air.
Polish sorry bother you man but could you take a look at this pivots and give me the central pivot please I'm confuse with that one, thanks in advance.
R3=115.64
R2=114.81
R1=114.25
PP=113.42
S1=112.86
S2=112.03
S3=111.47

is the central the same as the weekly?
The Chonchy
  • #4,958
  • Sep 10, 2007 6:03pm Sep 10, 2007 6:03pm
Yep..

I also got PP = 113.42. Anyone can share the Central Pivot? I'm still learning on that. Is it the opening price at 17:00 EST?

thanks
  • #4,959
  • Sep 10, 2007 6:13pm Sep 10, 2007 6:13pm
Quoting chonchy
I think you are rigth, fundamentaly, should go down becouse NFP I think is still in the air.
Polish sorry bother you man but could you take a look at this pivots and give me the central pivot please I'm confuse with that one, thanks in advance.
R3=115.64
R2=114.81
R1=114.25
PP=113.42
S1=112.86
S2=112.03
S3=111.47

is the central the same as the weekly?
hey chonchy,

1) WEEKLY CENTRAL PIVOT is SUNDAY 15:30 ET OPEN

2) DAILY CENTRAL PIVOT is 17 ET OPEN from Sunday to Friday

I also have ask for you - could you give me a HIGH,LOW of the previous week,CLOSE from FRIDAY and 15:30 ET OPEN of Sunday the 2nd ?

I believe you are using Accucharts and I believe they have the most accurate data.I need these numbers to calculate WEEKLY PIVOTS because nobody has done it so far
  • #4,960
  • Sep 10, 2007 6:24pm Sep 10, 2007 6:24pm
GO here:
http://www.actionforex.com/forex_ana..._200603205734/
ALso coul dyou explain to me what the s123 and r123 and pp are.
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