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USD/JPY Discussion

  • #5,141
  • Sep 13, 2007 11:29pm Sep 13, 2007 11:29pm
it looks like it dosen't want to go down
The Chonchy
  • #5,142
  • Sep 13, 2007 11:32pm Sep 13, 2007 11:32pm
Quoting Firstboss
Dove, when you say out of sync, do you mean opposite trends on different timescales?
For example, right now it looks like 20-min chart indicators have almost crossed for a move down, but 1-hour is starting to turn for a crossing upward.
Yea, but it is on the 30 minute chart...... We will get into that next week.
The Dove - Forex Trainer
  • #5,143
  • Sep 13, 2007 11:34pm Sep 13, 2007 11:34pm
Quoting Subdude
Actually, not. Of course, the hindsight is always 20/20 but there were 30 pips in it for those who jumped in on this latest retracement just when it started - a much larger take than one could expect from some incidental scalping in the same amount of time.
That is the problem...... You never know.
The Dove - Forex Trainer
  • #5,144
  • Sep 13, 2007 11:34pm Sep 13, 2007 11:34pm
Quoting chonchy
it looks like it dosen't want to go down
Patience.
Trade what you see, not what you think.
  • #5,145
  • Sep 13, 2007 11:35pm Sep 13, 2007 11:35pm
U think It goes down?
  • #5,146
  • Sep 13, 2007 11:41pm Sep 13, 2007 11:41pm
Quoting dove_alliance
Yea, but it is on the 30 minute chart...... We will get into that next week.
Wow, it does look nasty when you alternate time scales (20min-30min-1h-2h) - they all point in different directions. Looks like a dead night till the flood of news in the morning...

(Too bad I can't sleep yet - have to close EUR/GBP short :-)

I know Dove's warning about more than one currency, but I like to wander :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #5,147
  • Sep 13, 2007 11:44pm Sep 13, 2007 11:44pm
This thing is still out of sync and if you are in the short then don't let it take you in hole... Just be prepare, that's all.
The Dove - Forex Trainer
  • #5,148
  • Sep 13, 2007 11:47pm Sep 13, 2007 11:47pm
Everybody is talking about this pair going down, waiting for an entry, but if you see longer TF, all this week it has gone UP!!!.

Actually right now, there are trendlines on longer TF, that if broken, we can see big action UP!!!. Maybe today, maybe tomorrow. So watch out for the sync up too!!!

Just my 2 pips

Happy, profitable trading
  • #5,149
  • Sep 13, 2007 11:49pm Sep 13, 2007 11:49pm
I'm taking profit at the 88...
May take profit before then, Just bounced off the BB
The Dove - Forex Trainer
  • #5,150
  • Sep 13, 2007 11:52pm Sep 13, 2007 11:52pm
got out with 3
The Dove - Forex Trainer
  • #5,151
  • Sep 13, 2007 11:53pm Sep 13, 2007 11:53pm
I suppose everyone is off to the infirmary?

For those who were dysemboweled today, I have gathered
the entrails and placed them in sterile containers for your
recovery.... I notice some of these identifiable organs
were short and others were long.

Dr. D.

the brain cuts like cheese but turns to mush in the forex
  • #5,152
  • Sep 13, 2007 11:57pm Sep 13, 2007 11:57pm
Quoting dove_alliance
got out with 3
I do hope it was your thumb and an opposing index finger.
Then you can still strangle yourself if the market hasn't already.
  • #5,153
  • Sep 14, 2007 12:00am Sep 14, 2007 12:00am
I'm pretty good at scalping but - smiling - right now is not the time.
The Dove - Forex Trainer
  • #5,154
  • Sep 14, 2007 12:14am Sep 14, 2007 12:14am
So everyone can understand what is happening is this: The daily trend had turn sideways and working with the turn back up..... But, the market is trying its best to keep it down so it is a matter of time to see who wins........
The Dove - Forex Trainer
  • #5,155
  • Sep 14, 2007 12:17am Sep 14, 2007 12:17am
Quoting dove_alliance
So everyone can understand what is happening is this: The daily trend had turn sideways and working with the turn back up..... But, the market is trying its best to keep it down so it is a matter of time to see who wins........
In other words - toss a coin and see how it lands?
  • #5,156
  • Sep 14, 2007 12:24am Sep 14, 2007 12:24am
Quoting Subdude
In other words - toss a coin and see how it lands?
That is about it for right now.
The Dove - Forex Trainer
  • #5,157
  • Sep 14, 2007 12:28am Sep 14, 2007 12:28am
Quoting dove_alliance
I'm pretty good at scalping but - smiling - right now is not the time.
I think we are geting in sync aren't we
The Chonchy
  • #5,158
  • Sep 14, 2007 12:30am Sep 14, 2007 12:30am
for the down turn i think
The Chonchy
  • #5,159
  • Sep 14, 2007 12:33am Sep 14, 2007 12:33am
Quoting chonchy
I think we are geting in sync aren't we
Not yet - and it may not get there until the USD comes in......

I take that back, it may get there sooner. The 30 minute is working on the down.
The Dove - Forex Trainer
  • #5,160
  • Sep 14, 2007 12:35am Sep 14, 2007 12:35am
but a huge suport has extablish there on 97 correct?
The Chonchy
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