JPY Pivots and Trends | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Standard Pivots and Fibonnaci Pivots? 9 replies

How To Predict Trends & Counter Trends? 7 replies

Pivots and Trends with the JPY 165 replies

Trading USD/JPY with only Pivots 2 replies

Pivots and the Daily Chart 8 replies

JPY Pivots and Trends

  • #241
  • Sep 17, 2007 9:55am Sep 17, 2007 9:55am
Yes, good point! Let's continue to observe the occurrences as we continue to trade with this setup... Fantastic...

Quoting PolishTrader
What I was trying to say is that maybe it is possible to divide small retraces from bigger one using BB as a filter.
Chances favour the prepared.
  • #242
  • Sep 17, 2007 9:56am Sep 17, 2007 9:56am
Well, lets put it this way - smiling...... The retraces are profitable if you want to to take the risk...... The way I always see it is what ever it retrace I will make up coming back like right now it is heading for the daily again..... so, I'll get back in when it turns there..... I mean, it is up to each individual how they work those retraces.... if you fell comfortable going after them then so be it.
The Dove - Forex Trainer
  • #243
  • Sep 17, 2007 10:04am Sep 17, 2007 10:04am
Good morning all.

Haven't been feeling very well the past day so I slept in late to try and give my body a chance to stave off the sickness that's coming. Man you guys have moved this thread fast!

Now I have to play catchup! It appears as though, if I'm interpreting the charts correctly, that we might get a buy on the 3 min soon. 10 is already showing up and the 3 is starting to look like it will cross up.
  • #244
  • Sep 17, 2007 10:07am Sep 17, 2007 10:07am
So Dove,

I understand that you always stick to trend.Like now the 20,30 and 1h indicates UP.

In that case you will be waiting till 3min and 10min tell you to jump back in,right ?

I place sell order at 114.99 because of 10min cross and open of BB at 3min chart.I just want to test it on every circumstances
  • #245
  • Sep 17, 2007 10:13am Sep 17, 2007 10:13am
I'm missing the green line so maybe that is why I don't see everything (I will have opportunity to launch other charting platform soon)

And I'm aware that I should have waited for close below Daily Pivot.I want to make as many mistakes as possible on Demo account so that I will omit them on Live Account
  • #246
  • Sep 17, 2007 10:14am Sep 17, 2007 10:14am
Quoting PolishTrader
So Dove,

I understand that you always stick to trend.Like now the 20,30 and 1h indicates UP.

In that case you will be waiting till 3min and 10min tell you to jump back in,right ?

I place sell order at 114.99 because of 10min cross and open of BB at 3min chart.I just want to test it on every circumstances
Yep - I jump back in at when it hit the daily.... it's going no where but back up.
The Dove - Forex Trainer
  • #247
  • Sep 17, 2007 10:17am Sep 17, 2007 10:17am
I would be very interested to learn the trading technique and indicators you are using on this thread.

I have read back through the previous treads and tried to follow the techniques discussed.

I do not wish to intrude but if it is possible to join in then i would like to do so if you are willing to share your system.

Good luck and good trading to you all.
  • #248
  • Sep 17, 2007 10:18am Sep 17, 2007 10:18am
Howdy gentlemen. Hope everyone's doing well. Good luck on your trades, good to see this forum continue.
Patience + Humility + Study = Success
  • #249
  • Sep 17, 2007 10:19am Sep 17, 2007 10:19am
Was just about to ask u if u entered long.
Coz 20,30 and 60 are still the stronger trend, and 10M is not "out-of-sync" but its only for reference correct?

Quoting dove_alliance
Yep - I jump back in at when it hit the daily.... it's going no where but back up.
Chances favour the prepared.
  • #250
  • Sep 17, 2007 10:20am Sep 17, 2007 10:20am
Quoting dove_alliance
Yep - I jump back in at when it hit the daily.... it's going no where but back up.
Dove,

I've got you on this Then how you explain current situation on 10min chart ? It is obviously out-of-sync with 3min.

I placed the short because 3min was down,on 10min yellow crossed the blue and closed like this and BB on 3min chart open.

The only explaination I see is that you should be very cautious near Pivot Points and that some false crosses might occur
  • #251
  • Sep 17, 2007 10:20am Sep 17, 2007 10:20am
Quoting jasonowl
Was just about to ask u if u entered long.
Coz 20,30 and 60 are still the stronger trend, and 10M is not "out-of-sync" but its only for reference correct?
10 is not for trading just to keep you out of trouble on the retraces.
The Dove - Forex Trainer
  • #252
  • Sep 17, 2007 10:27am Sep 17, 2007 10:27am
Quoting PolishTrader
Dove,

I've got you on this Then how you explain current situation on 10min chart ? It is obviously out-of-sync with 3min.

I placed the short because 3min was down,on 10min yellow crossed the blue and closed like this and BB on 3min chart open.

The only explaination I see is that you should be very cautious near Pivot Points and that some false crosses might occur
#1 - the bollinger was hit on the way down and retrace off that for sure which will put it back in the trend.... That is the 3 minute..... On the 10 is for the retrace it self and not for trading.... When you are in a retrace the 10 minute will either be in sync or not with the 3 minute..... and that will guide you with the trend. If it is in sync for the retrace it will go that way if it is out of sync then it will stay in the trend...... This is the only reason to use to 10......
The Dove - Forex Trainer
  • #253
  • Sep 17, 2007 10:30am Sep 17, 2007 10:30am
Like right now - I took profit at the 115.10 and the reason is because the trend is up and now the 10 is showing the retrace along with the 3......
The Dove - Forex Trainer
  • #254
  • Sep 17, 2007 10:31am Sep 17, 2007 10:31am
Ok guys.. nap time for me.
Will catch up with u folks in the new forum, come Tokyo morning.

Happy Pipping, go get'em boys!
Chances favour the prepared.
  • #255
  • Sep 17, 2007 10:32am Sep 17, 2007 10:32am
I hope you see what I'm saying on the ten..... The 10 is not the same as the other charts, if you remember, the settings are different then the other timeframes.
The Dove - Forex Trainer
  • #256
  • Sep 17, 2007 10:36am Sep 17, 2007 10:36am
Quoting dove_alliance
#1 - the bollinger was hit on the way down and retrace off that for sure which will put it back in the trend.... That is the 3 minute..... On the 10 is for the retrace it self and not for trading.... When you are in a retrace the 10 minute will either be in sync or not with the 3 minute..... and that will guide you with the trend. If it is in sync for the retrace it will go that way if it is out of sync then it will stay in the trend...... This is the only reason to use to 10......
That is why I asked you about some images how you define actions around BB.At the moment of the opening candle was hooked in my opinion.It was the next one which breach it sharply.

And speaking about retraces.Your explanation gives me a lot of reasons to not trade them I thought that they were in sync while cross on 10 occured.The next three candles on 3min chart caused change of situation.

Thanks for your patience to answer all these questions - hope you don't mind
  • #257
  • Sep 17, 2007 10:41am Sep 17, 2007 10:41am
If you didn't have the 10 minute chart on this scenario you probably would of jumped in for the long because that is what it looks like on the 3 minute. But now the 10 is in sync for retrace... after this retrace the 10 no longer has value...... It means nothing until the next retrace.
The Dove - Forex Trainer
  • #258
  • Sep 17, 2007 10:48am Sep 17, 2007 10:48am
Quoting PolishTrader
That is why I asked you about some images how you define actions around BB.At the moment of the opening candle was hooked in my opinion.It was the next one which breach it sharply.

And speaking about retraces.Your explanation gives me a lot of reasons to not trade them I thought that they were in sync while cross on 10 occured.The next three candles on 3min chart caused change of situation.

Thanks for your patience to answer all these questions - hope you don't mind
Images will come later, wrong place for them - and no problem on the questions.
The Dove - Forex Trainer
  • #259
  • Sep 17, 2007 10:59am Sep 17, 2007 10:59am
Don't you just love it when it does this...... Trying to turn again...... Well, I need to get some rest..... I will see you all later.
The Dove - Forex Trainer
  • #260
  • Sep 17, 2007 12:18pm Sep 17, 2007 12:18pm
Hello again everyone. Just wanted to say good work last night. I wasnt able to stay after about 5:00 est time, but from back reading you all asked some very good questions and mades some good pips. So congratulations and see you again soon on the threads.
1 trader viewing now