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JPY Pivots and Trends

  • #21
  • Sep 16, 2007 10:23pm Sep 16, 2007 10:23pm
Right now it is at the Weekly Central and 6 pips below that is the Daily Central and the 1 hour is trying to push it down.... With very little luck.
The Dove - Forex Trainer
  • #22
  • Sep 16, 2007 10:31pm Sep 16, 2007 10:31pm
One thing is to always be aware of is the increments of the 20 minute and the Bollinger Band spread on the 20..... When the 20 minute has only a 1 pip increments then it is best to be patient..... the 20 minute needs at least a 2 pip increment to have any kind of movement. Then it needs to hook on the band for the spread. The spread should be at least 25 pips to start thinking about getting into the trades and that is with a 2 pip increments.
The Dove - Forex Trainer
  • #23
  • Sep 16, 2007 10:43pm Sep 16, 2007 10:43pm
Hello All,

Are you only looking at the USD/JPY? Or are you looking at other JPY pairs as well? I trade the AUD/JPY, EUR/JPY, and the GBP/JPY.
  • #24
  • Sep 16, 2007 10:46pm Sep 16, 2007 10:46pm
Quoting Clansman
Hello All,

Are you only looking at the USD/JPY? Or are you looking at other JPY pairs as well? I trade the AUD/JPY, EUR/JPY, and the GBP/JPY.
As of right now we are just looking at the USD/JPY......
The Dove - Forex Trainer
  • #25
  • Sep 16, 2007 10:48pm Sep 16, 2007 10:48pm
Dove, can you explain a little more on this: quote from your email:

If it is in a sell you notice on top; the Light Blue, then Red, and then Dark Blue above the Yellow, and Visa-Versa on the buy.

and then you said,
Once the Dark Blue had crossed the red, you are then in profit.

My question is do these lines(light blue, red and dark blue) have to be in a sequence order above /underneath the yellow to trigger a buy/sell trade? or they just have to be all above/underneath the yellow, and then once the blue crosses the red, it is a confirmation?

Thanks a lot for everything you have done for us!
  • #26
  • Sep 16, 2007 10:52pm Sep 16, 2007 10:52pm
Quoting ivoryc
Dove, can you explain a little more on this: quote from your email:

If it is in a sell you notice on top; the Light Blue, then Red, and then Dark Blue above the Yellow, and Visa-Versa on the buy.

and then you said,
Once the Dark Blue had crossed the red, you are then in profit.

My question is do these lines(light blue, red and dark blue) have to be in a sequence order above /underneath the yellow to trigger a buy/sell trade? or they just have to be all above/underneath the yellow, and then once the blue crosses the red, it is a confirmation?

Thanks a lot for everything you have done for us!
They must be in sequence..... When the market is moving you will be able to see an early entrance and that will come with practice....
The Dove - Forex Trainer
  • #27
  • Sep 16, 2007 10:56pm Sep 16, 2007 10:56pm
When you have a sideways move as we are in now you will see the crossing more often on the lower charts then on the 30 and 1 hour...... With the pip increments and the bollinger band spreads, will give you all the indications of when to get into the trades....
The Dove - Forex Trainer
  • #28
  • Sep 16, 2007 11:02pm Sep 16, 2007 11:02pm
Looks like the 1 hour is going to do it with the sell.
The Dove - Forex Trainer
  • #29
  • Sep 16, 2007 11:06pm Sep 16, 2007 11:06pm
did you get in at 115.30?
  • #30
  • Sep 16, 2007 11:09pm Sep 16, 2007 11:09pm
Thanks, Dove

So to close a trade, are we looking at the crossing of the blue and the red, or with a pre-set TP of 7pip for 3MIN and 20pip for 20MIN?


Quoting dove_alliance
They must be in sequence..... When the market is moving you will be able to see an early entrance and that will come with practice....
  • #31
  • Sep 16, 2007 11:15pm Sep 16, 2007 11:15pm
Quoting freed14
did you get in at 115.30?
I'm not in yet..... Still focus on the Bollinger Bands...... Those bands will stop it all which it is doing.
The Dove - Forex Trainer
  • #32
  • Sep 16, 2007 11:17pm Sep 16, 2007 11:17pm
Quoting ivoryc
Thanks, Dove

So to close a trade, are we looking at the crossing of the blue and the red, or with a pre-set TP of 7pip for 3MIN and 20pip for 20MIN?
There are many ways of closing a trade but for right now just practice on your entry for 10 pips so you can learn to focus on the entry because the entry is most important thing of all trades.....
The Dove - Forex Trainer
  • #33
  • Sep 16, 2007 11:20pm Sep 16, 2007 11:20pm
I got in short at 115.20 and am currently at 115.15. What do you think is the next move? I was thinking the bands look like they will open up on the 20 min chart and the red and blue will cross in a few pips. But who knows besides you?!?!
  • #34
  • Sep 16, 2007 11:23pm Sep 16, 2007 11:23pm
Now, I'm just speaking for myself..... There is only about 20 pips or so between the Daily Central and the Daily Pivot..... There is over 50 pips between the Daily and the Weekly..... and that is where I will start my trading..... between those two pivots..... By then the spread will be where it needs to be and the movement will be a lot heavier.
The Dove - Forex Trainer
  • #35
  • Sep 16, 2007 11:25pm Sep 16, 2007 11:25pm
I took profit just after the open of the 21:20 candle as the red had crossed the blue. Or blue crossed the red rather. SO I took profit. Is this a proper exit everyone?
  • #36
  • Sep 16, 2007 11:26pm Sep 16, 2007 11:26pm
Quoting freed14
I got in short at 115.20 and am currently at 115.15. What do you think is the next move? I was thinking the bands look like they will open up on the 20 min chart and the red and blue will cross in a few pips. But who knows besides you?!?!
Stay with it to the mid and then look for the retrace.

One other thing..... it is best not to try and think this market, it will only get you in trouble.
The Dove - Forex Trainer
  • #37
  • Sep 16, 2007 11:30pm Sep 16, 2007 11:30pm
Stay with it till the mid? What do you mean by mid? Sorry if I am being troublesome? Im not am I?
  • #38
  • Sep 16, 2007 11:45pm Sep 16, 2007 11:45pm
It has not bust through the bollinger yet so watch for that.
The Dove - Forex Trainer
  • #39
  • Sep 16, 2007 11:46pm Sep 16, 2007 11:46pm
Quoting freed14
Stay with it till the mid? What do you mean by mid? Sorry if I am being troublesome? Im not am I?
Mid pivots between the main pivots.
The Dove - Forex Trainer
  • #40
  • Sep 16, 2007 11:48pm Sep 16, 2007 11:48pm
In order for this keep moving down it has to hook on to the 1 hour bollinger.... We will know that on top of the hour.
The Dove - Forex Trainer
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