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JPY Pivots and Trends

  • #101
  • Sep 17, 2007 2:54am Sep 17, 2007 2:54am
Never mind, I saw your answer above. Thanks!

//////

Dove, when the green is crossing the yellow, do we wait for the candle to close to confirm the corss? I closed my trade at 3:38am ET when the corssing was happening but the 3MIN candle was not actually closed yet.

And at what condition do you look for a re-entry? I think it is still going down with power.

Quoting dove_alliance
I went ahead and took profit for 32 pips because of the turn that is happening on the green which indicates a retrace or sideways move.
  • #102
  • Sep 17, 2007 2:56am Sep 17, 2007 2:56am
I'll take profit at the Mid which is the 72.
The Dove - Forex Trainer
  • #103
  • Sep 17, 2007 2:57am Sep 17, 2007 2:57am
For someone who did not enter at Central, in ur opinion how would someone look at entering ... staying with the trend of course.

Thanks... this always has been the toughest thing for me...

Cheers..

Quoting dove_alliance
I*n this scenario I didn't have to get out because being so close to the Daily and this being down it will only be matter of time before it continues.
Chances favour the prepared.
  • #104
  • Sep 17, 2007 2:57am Sep 17, 2007 2:57am
Since we were near a mid pivot point you can stay in but if you get out look for when the green crosses the yellow again and candle closes.
  • #105
  • Sep 17, 2007 2:58am Sep 17, 2007 2:58am
I went a head and took profit again..... The 3 minute is turning to much.
The Dove - Forex Trainer
  • #106
  • Sep 17, 2007 2:58am Sep 17, 2007 2:58am
so it will continue to Si 114.59 or a mid point?
The Chonchy
  • #107
  • Sep 17, 2007 2:59am Sep 17, 2007 2:59am
As you will notice we having a sweep under the candles with the green trend on the 3...... This is a retrace
The Dove - Forex Trainer
  • #108
  • Sep 17, 2007 2:59am Sep 17, 2007 2:59am
isnt the mid pivot at 115.85?? I am having trouble with that.
  • #109
  • Sep 17, 2007 3:00am Sep 17, 2007 3:00am
Btw, I do understand how hard it is to be trading and responding in the forum...

Don't get distracted if u r in a trade...
Chances favour the prepared.
  • #110
  • Sep 17, 2007 3:01am Sep 17, 2007 3:01am
I dont see the sweep? i dont know how to recognize this?
  • #111
  • Sep 17, 2007 3:02am Sep 17, 2007 3:02am
Once you have your trend started then the 3 minute chart will get you in and out..... Stay focus on your 20 minute for a change of trend.
The Dove - Forex Trainer
  • #112
  • Sep 17, 2007 3:03am Sep 17, 2007 3:03am
Quoting freed14
I dont see the sweep? i dont know how to recognize this?
Does everyone else see it?
The Dove - Forex Trainer
  • #113
  • Sep 17, 2007 3:05am Sep 17, 2007 3:05am
Quoting dove_alliance
Does everyone else see it?
On the 3 min charts right?? If so yes i see the green sweep!!
  • #114
  • Sep 17, 2007 3:05am Sep 17, 2007 3:05am
Roger that. That's in sync what I've thought.
Will wait for this 3min retrace to play out; If it does.. - coz every change in trend starts with the smallest timeframe...
And re-enter with a short..

Quoting dove_alliance
Once you have your trend started then the 3 minute chart will get you in and out..... Stay focus on your 20 minute for a change of trend.
Chances favour the prepared.
  • #115
  • Sep 17, 2007 3:05am Sep 17, 2007 3:05am
I dont know what a sweep is then... ...
  • #116
  • Sep 17, 2007 3:07am Sep 17, 2007 3:07am
We just had the dark blue cross the yellow which indicates a full retrace to the pivot.
The Dove - Forex Trainer
  • #117
  • Sep 17, 2007 3:08am Sep 17, 2007 3:08am
No has entered on this retrace... Have you?
  • #118
  • Sep 17, 2007 3:09am Sep 17, 2007 3:09am
Oh which time frame dove?? and can someone explain a sweep to me?
  • #119
  • Sep 17, 2007 3:11am Sep 17, 2007 3:11am
Where is your Green line?
Do u notice the 3Min candles all closing above it..? Or the green line is forming a U shape under your candles..?
That's it.. that's what I assume Dove is talking about a sweep.

Quoting freed14
Oh which time frame dove?? and can someone explain a sweep to me?
Chances favour the prepared.
  • #120
  • Sep 17, 2007 3:12am Sep 17, 2007 3:12am
A sweep is when the trend lines begin to come from beneath or over the top of the candle... example the trend lines are sweeping under the candles on the 3min chart...
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