Jeff, I think the 225.85 I had was off of the day chart. I wish I had gotten in for the buy now. I also saw the resistance on the way back up at 226.75 or there about and thought it would stop there. Blew all the way through to 228. and some change. Could have taken a hundred or more, but the stochs did not indicate that sort of move. I am up 66 pips for this week and a total of 147 for the month!! No complaints, obviously. Time for a beer and once again, we have playoff football in Texas tonight. Go Vikings!
Hakuna,
After looking at the link above, I can tell you that the info comes from a post by Endroute that I copied to my post... Anyway, now that I understand the source.... Ok, according to Endroute:
On a long, whenever both tf's cross or are above 61.8, buy long.
On a short, whenever both tf's cross or are below 38.2 sell short.
So... I would say that they don't have to be cross together. They just need to be above 61.8. He also says in that post that as long as the bigger timeframe is above 50, you can still consider entering although a bit more risky. Keep in mind that this are very short term trades 5-10 pips. You also need to keep an eye on price action, support/resistance levels, etc.
Hope this helps.
Guess121,
I am not much for scalping, too risky and nerve racking for my blood.
What I did see, looking at your last post, is that you were set up for a nice buy/long opportunity and you chose to scalp on the re-traces. You could have entered the buy and then hedged on the retraces, at least 2 were good moves, and captured more pips. The buy went up 30-40 pips, or so it looks and you could have hedged to scalp another 5-10 on the 2 bigger retraces. I tired that early in my trading days and it does work, but like I said, just too risky for me at this point, because you are never quite sure if a move is a retrace or a pivot. Good luck though and keep posting your charts.
I will go back and see if I can post some screen shots of what I was looking at. My trading platform has a pivot pt. tool that I plot on my 1 hr and my day chart. It "forecasts" some support and resistance info based on the daily pivot pt., which refreshes everyday at 5 pm my time (CST in the US). You have to look at both for confirmation. The one thing my tool does is also plot a mid-range number when the movement is say, between S1 and S2. That 225.85 may have been one of those middle numbers. If you throw any moving averages up to use with your stochastics, you will often see a 50,100, or 200 ma hanging out around one of the main or mid-range lines. Stochs are GREAT and one of my primary indicators, but I do have several other indicators that I reference, when I trade. Why would you just use a hammer and a screwdriver when you also have pliers and wrenches available?: I just try to stay on topic w/ the stochs for this thread. I have made buy and sell entires based 90% on the stochs lining up, but there are other opportunities to enter/exit that the stochs don't always show by themselves. Today's was a great example, as it looked like everything for the gbp/jpy was setup for a big sell off. I was almost in the trade, but looked at my other tools and I FORCED myself to wait 1 more 15m candle. I actually waited for 2 more , after I saw the 2nd rejection at 225.85. There were 3 rejections , the 15 m turned up and took the 30m with it and the buy was on. Fib lines are a great item to have on your chart, for reference. I don't totally understand why or how they work (it is almost magical) but they prove over and over again to be a great source of support/resistance lines and thus entry/exit pts. That's all I got for now.
Hi PipAV8tor,
See this is where I am learning, Hedge against pairs or move/increased lots?
When you are looking at retracements, what time frames are looking at for the retracements?
If you can exaplin, that would be great
Ok the other thing, I am using 5/15/30/60 min stochs on my chart, though I might move over to Spuds original 15/30/60/240 mins.
Thanks,
Guess
I think it will go further south toward 108, but I fought the urge to get greedy. +32 is good enough for me. 
For those interested, I still think the setup is favorable for further movement and the 4hr and day chart are in favor. It is retracing toward 109.74 again, but that should serve as good resistance. Good Luck if you get in. 
I watched the USD/JPY all morning. Although I could have been in earlier than when I got in, I pulled the trigger and took +32 pips in 30 minutes. A little scary because I thought I waited too long, but I waited for the retrace and got in on the 2nd breach of mid level resistance at 109.74
