USD/JPY Discussion

Looks tempting to short?? ... BUT be careful!
Maybe wise to wait after 4H bar.
This thing really looks like it wants to go up.

Calling it a night.. its late for me.. cheers... Happy pipping!

I heard from some news that usdjpy probably still can fall 10% in the near time.. Is that true?
What do you think?

113.80 would be the support that needed to be break next.

NOt positive about which way it will go. GUess we will see. I'm staying away from it tho. And femme are you new here? Welcome. ANd chonchy personal message me if you want somewhere else to talk about the market. i know of a good place. ALso have you heard from dove?

freed14 is fine talking in the forum and I don't know anything of dove I hope is doing fine. This are today's pivots hope some body out there confront them, and I still don't know how to get central, is confusing.

R3=115.07
R2=114.72
R1=114.47

PP=114.12

S1=113.87
S2=113.52
S3=113.27

THANKS IN ADVADCE, GOD BLESS, HAPPY TRADING.

interesting it hit the PP 114.12 and head back, those this means that is going to try to break south, I don't know is my humble opiniun, some body correct me if I'm wrong.

Hi guys. Im new here. I've got the same pivots. It's still got room to move up to the 4 hour trend line so Im wary of that, but Ive got a bearish bias towards this pair.

Hey chonchy,

Your pivots are good - my are a little bit different but as always it is caused by difference between our brokers.

As for Central Pivot I wrote you once or even twice before about it

Everyday you just look at OPEN of the 17:00 ET candle.

On my platform on 17:00ET price was at 114.20.

I hope that from now on you won't have problems with calculating central pivot anymore

P.S

I'm also anticipating some downward move.I see negative divergence on 1h chart (larger and smaller one - change your chart view to "linear chart" and hopefully you will see these two divergences)

Hey Polish Trader,
Can you tell me why you use 17 est as an open? Ive been using 00 est as an open. Which is right please?

This is how I see it :

The black lines indicates larger divergence and red lines smaller

Still,it is just my opinion - I don't plan to trade it,maybe on demo account

I know.I was also calculating pivots according to open and close of the day at my timezone.However,it seems that pivots calculated using 17 ET as open/close are more reliable.

Besides,it was the Dove who introduced Central Pivot to us and he simply said that this is how you calculate it - I don't argue with him

Oh now I remember.He wrote that according to international regulation new day candle should pop up on 17ET and also at that time interests (swaps) are counted.

OK, cool. Thanks.

[quote=PolishTrader;1590056]Hey chonchy,

Your pivots are good - my are a little bit different but as always it is caused by difference between our brokers.

As for Central Pivot I wrote you once or even twice before about it

Everyday you just look at OPEN of the 17:00 ET candle.

On my platform on 17:00ET price was at 114.20.

I hope that from now on you won't have problems with calculating central pivot anymore

polish I'm so, so, so, sorry that I'm a shame is true you guys are been true with this with me but is just that I'm slow and dumb thanks in advadnce and I asure you that I won't ask againg, god bless, happy piping. I think is trying very hard to go down but I have an indicator call super trend is pointing side ways but is blue; on the daily chart. and the parabolic sar is olso pointing up in blue(blue means up, red down) So I'm lost I wish an angel(Dove) came from the sky and give me some light

Hey no problem Actually it is very good that you are asking so don't be ashame ! And your not dumb and slow - don't be so hard on yourself.We are all here to help eachother (though there are sometimes people who don't understand this)

So to answer you question,yes it is just plain and simple OPEN at 17:00:00 ET.

Speaking about your doubts ... Tokio is just about to open so you have to wait another 15 mintues to see what happens !

thanks polish you are the best I got now 114.20 open of the first candle that pups at 5.00 est or 17.00 I got it thankyou very much it shut up but then stop; is it going to central or what?

Not very far from R1....

It looks like we are moving higher. 114.40 break watch out 115.

Little quotes to help those watching the pivots: Help from "someone" still willing to share...

Watch weekly pivots and the mid pivot between the two which is 113.86.....
It started between the weekly central and mid, and then between the mid and the weekly pivot..... This is where all the pips are at.....
Everyone must also pay attention to these pivots as they are the number one pivots that work with the daily.... The weekly is 114.35 and the central is 113.39..... and now it is the first time this week that it busted through the weekly..

Just a glimpse.. a picture speaks a thousand words...

Weekly Pivots in play!

http://img34.picoodle.com/img/img34/...lm_89728f8.jpg

Btw... I was in long at 114.25...