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USD/JPY Discussion

  • #7,561
  • Jun 9, 2008 10:47am Jun 9, 2008 10:47am
Quoting emda
I'm tired of people that says they make 100 pips a day....
lol
If you knew who I was, like most of these traders out here, then you would know what I say is true...... Good luck.

The Dove
The Dove - Forex Trainer
  • #7,562
  • Jun 9, 2008 10:48am Jun 9, 2008 10:48am
Quoting emda
I'm tired of people that says they make 100 pips a day....
lol
I'm tired of losing 100 pips a day ....
  • #7,563
  • Jun 9, 2008 10:52am Jun 9, 2008 10:52am
Quoting Schminner
I'm tired of losing 100 pips a day ....
Sorry I couldn't help but chuckle at that.

It looks like it might turn south, hang in there.

Seems to be facing stiff resistance near 106.30, if that holds, you might be golden.
  • #7,564
  • Jun 9, 2008 10:55am Jun 9, 2008 10:55am
Quoting Ron3226
Sorry I couldn't help but chuckle at that.

It looks like it might turn south, hang in there.

Seems to be facing stiff resistance near 106.30, if that holds, you might be golden.
Not much choice for me but to hold and pray ...
  • #7,565
  • Jun 9, 2008 11:06am Jun 9, 2008 11:06am
Quoting Ron3226
Sorry I couldn't help but chuckle at that.

It looks like it might turn south, hang in there.

Seems to be facing stiff resistance near 106.30, if that holds, you might be golden.
The trend for this week had busted the 105.57 resistance that was set in the 1st week of May.... As of right now the upper trend is set at 110.00....... How long will it take to get there is your guess is good as mine...... But, it already moved 150 pips up since the opening of yesterday.....
The Dove - Forex Trainer
  • #7,566
  • Jun 9, 2008 11:14am Jun 9, 2008 11:14am
Quoting dove_alliance
The trend for this week had busted the 105.57 resistance that was set in the 1st week of May.... As of right now the upper trend is set at 110.00....... How long will it take to get there is your guess is good as mine...... But, it already moved 150 pips up since the opening of yesterday.....
I think he is just praying to get out of a bad trade... It might drop enough to ease the pain a little.... heh.

Is there some way to get information on the system you are talking about in the jpy/pivots and trends thread?

Regards.

Ron
  • #7,567
  • Jun 9, 2008 11:24am Jun 9, 2008 11:24am
Quoting dove_alliance
If you knew who I was, like most of these traders out here, then you would know what I say is true...... Good luck.

The Dove
tell us how do you do it and only then I could start to believe it a little...
  • #7,568
  • Jun 9, 2008 11:24am Jun 9, 2008 11:24am
Trade what you see, not what you think.
  • #7,569
  • Jun 9, 2008 12:05pm Jun 9, 2008 12:05pm
Quoting Schminner
I'm tired of losing 100 pips a day ....
hahah... i agree .. from now on if i say long i'll try short and viceversa..

Quoting dove_alliance
The trend for this week had busted the 105.57 resistance that was set in the 1st week of May.... As of right now the upper trend is set at 110.00....... How long will it take to get there is your guess is good as mine...... But, it already moved 150 pips up since the opening of yesterday.....
and about this... , MAY BE.. MAY NOT; be patient and take a looook..
i'm not trying to teach you tech analysis "Mr. Dove_pro_pip_maker" but this are my arguments: (making it simple)

1) we are still below a monthly resistance
2) we are still below a monthly resistance
3) guess...

if it breaks MAY BE.. if not believe me it won't.

excellent trades to everyone this week ..!!

http://www.geocities.com/alejandro_leija/usdjpy1d.jpg
... /$ -> LONG
  • #7,570
  • Jun 9, 2008 12:23pm Jun 9, 2008 12:23pm
Quoting MaZae
hahah... i agree .. from now on if i say long i'll try short and viceversa..



and about this... , MAY BE.. MAY NOT; be patient and take a looook..
i'm not trying to teach you tech analysis "Mr. Dove_pro_pip_maker" but this are my arguments: (making it simple)

1) we are still below a monthly resistance
2) we are still below a monthly resistance
3) guess...

if it breaks MAY BE.. if not believe me it won't.

excellent trades to everyone this week ..!!
Here is a problem that most traders do not understand and most times will not believe and that is the trend will always remain as it is until the trend changes itself..... What I am saying is that in the 3 1/2 years I have been trading live I have NEVER seen a trend go against itself..... I don't care what the market says, or the announcements say, or whatever some technical trader say....... The trend will remain as is and nothing will change that trend until the trend changes itself..... This is why I can make 100 plus pips every single day..... Because I will never go against the trend. And using the trend along with the pivots will always guarantee your positioning in the realm of profits.
The Dove - Forex Trainer
  • #7,571
  • Jun 9, 2008 12:31pm Jun 9, 2008 12:31pm
Quoting MaZae
hahah... i agree .. from now on if i say long i'll try short and viceversa..
http://www.geocities.com/alejandro_leija/usdjpy1d.jpg
Me too .....
  • #7,572
  • Jun 9, 2008 12:31pm Jun 9, 2008 12:31pm
I also trade the EUR besides the Yen.... This morning a trend kick in with the EUR at 1.5789 and I took profit at the S1 1.5640 with a profit of 146 pips.... This is not counting what I took from the yen traveling the trend the to the R1...... from the 104.61 to the 105.80.... This is the way to trade....... using the trend and the pivots.
The Dove - Forex Trainer
  • #7,573
  • Jun 9, 2008 12:36pm Jun 9, 2008 12:36pm
Quoting dove_alliance
I'm really tired of people who THINK they know what they are talking about..... I make 100 pips a day using the charts and indicators of my choice..... Those who are technical are the losers and not the true trader who knows the winning hand of the charts....

The Dove
I do know what I am talking about since my results of earning about 1% a day are real. They are always exceptions and I am sure you are being honest in saying you make 100 PIPS a day using charts and indicators.

Just out of curiosity ? How much funds do you manage at present time. How much is your average monthly increase in Cash Asset Value ?

Regardless if you answer or not I was wondering why my post seemed to touch a nerve by reading your comments that is my view.

I hope you make 200 PIPS a day in the future and whatever works for you is great. I know what works for me.

Have a great day and post here anytime you care to share and be helpful. You really helped me put my thoughts down here with this post. Just imagine without your comments to me, I would have wasted 10 minutes doing nothing. Now at least I get to spend 10 minutes with The Dove who makes 100 PIPS a day using charts and other indicators.

Peace Dove Peace


Bruce
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  • #7,574
  • Edited 1:04pm Jun 9, 2008 12:49pm | Edited 1:04pm
Quoting dove_alliance
The trend for this week had busted the 105.57 resistance that was set in the 1st week of May.... As of right now the upper trend is set at 110.00....... How long will it take to get there is your guess is good as mine...... But, it already moved 150 pips up since the opening of yesterday.....
Let me just tell you this. I will stake my reputation by telling you it will NEVER happen at the moment. Your charts and indicators cannot tell you that with 100 % confidence. As for indicators ? Is your Uncle the Head of the BOJ ?

Respectfully I would need to see it go OVER 107.00 and as of today how is that possible ?

Do you know that at the moment USD/JPY is a Carry Trade Currency and is 99% correlated with the Dow ? Are you telling US that the Dow is going OVER 13,000 anytime soon ?

Regardless of your thoughts and opinions or mine, The Market will decide.

107.00 ? Maybe ? 108.00 I Think NOT...

But after further thought I just realized that of course you are correct since you just told all of us YOU make 100 PIPS a day.

Can I start going long now on USD/JPY or should I wait until it retraces to 105.40 ?

Thanks for all your help. You have made my day. WOW !!! I will be rich soon as I watch USD/JPY move towards 107.00, then 108.00, then 109.00 and finally 110 in the year 2010 !!!

Thanks Dove

P.S. I do not say that what you say about Trends and Pivots is incorrect or that you are a losing trader. I am sure you are honest and really make 100 PIPS a day. However it is never a good sign to know so much that you know it all. 50% of what makes a consistent winning FX trader is his/her mental outlook including positive vibes. Then the one factor that equalizes all others is the EGO !!!

How is your EGO doing ? Mine is fine as wine and if USD/JPY gets OVER 107.00, I will be the first to post that you called it right and I was wrong. Hence My Ego is under control. Will you post here when USD/JPY 103.00 before it touches 108.00 ?

We shall see ... We shall see ... It trades at USD/JPY 106.07 Bid now as the Dow is UP but 28 at the moment with more bad economic news just around the corner. The facts say Dow at 11,000 before 14,000 so USD/JPY at 103.00 before 108.00

However I will admit that I do not make 100 PIPS a day. I make 20% profits a month.

Bruce
{Promotion Removed}
  • #7,575
  • Jun 9, 2008 12:50pm Jun 9, 2008 12:50pm
Quoting dove_alliance
from the 104.61 to the 105.80....
But the 104.61 came well before 8pm EST, are you breaking your old rule of no trades from 5pm - 8pm?

Good to see you back Dove, it's certainly been awhile. I'd ask if your trading is going well, but I think I already know the answer.
  • #7,576
  • Jun 9, 2008 12:50pm Jun 9, 2008 12:50pm
Quoting Warren Forex
I do know what I am talking about since my results of earning about 1% a day are real. They are always exceptions and I am sure you are being honest in saying you make 100 PIPS a day using charts and indicators.

Just out of curiosity ? How much funds do you manage at present time. How much is your average monthly increase in Cash Asset Value ?

Regardless if you answer or not I was wondering why my post seemed to touch a nerve by reading your comments that is my view.

I hope you make 200 PIPS a day in the future and whatever works for you is great. I know what works for me.

Have a great day and post here anytime you care to share and be helpful. You really helped me put my thoughts down here with this post. Just imagine without your comments to me, I would have wasted 10 minutes doing nothing. Now at least I get to spend 10 minutes with The Dove who makes 100 PIPS a day using charts and other indicators.

Peace Dove Peace


Bruce
I wouldn't be here right now if you hadn't made a statement about not using charts...... I have been reading your post everyday in which I get an email on daily bases from this thread...... I do not agree with your so call trading style but that is you but also it does not give you the right to down someone else's system because you do not agree with it..... So Bruce, in the future be careful of what you are saying....... Ask anyone that knows me, for I am well known on this forum, and they will tell you I do make 100 plus pips every single day.......

Good luck with your 1%

The Dove
The Dove - Forex Trainer
  • #7,577
  • Jun 9, 2008 12:54pm Jun 9, 2008 12:54pm
Quoting Trader KGB
But the 104.61 came well before 8pm EST, are you breaking your old rule of no trades from 5pm - 8pm?

Good to see you back Dove, it's certainly been awhile. I'd ask if your trading is going well, but I think I already know the answer.
Hello KGB - yes, it has been awhile....... As for changing rules, I had to implement when the EUR broke all records and that alone changed a lot things on the trading of trends and pivots. And again yes, still doing well but I also took your advice and started writing a book on trends and pivots...... Maybe by the end of the year it will be out.
The Dove - Forex Trainer
  • #7,578
  • Edited 1:10pm Jun 9, 2008 1:06pm | Edited 1:10pm
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2


Bruce

P.S.

Technical Call From One Source:

107.40(M)Daily High Feb 27 Flat On A Failure SHORT at 106.06
open09/06/08time14:59target104.60stop106.55107.15(M)2% MA Env Top Flat On A Failure 106.75(M)Feb 22 Daily Range Low Flat On A Failure 106.40(M)Jun 5 Trend High Buy Stop/Reverse 106.1518:00 GMT MON 09 JUN 105.40(M)Hrly S/R Jun 9 Cover On A Bounce 104.60(M)Up TL Basis Tuesday Take Profit 104.45(M)TL 95.75/102.75, Hrly Low Sell Sustained Break 103.90(M)Daily Low May 28, Jun 3 Buy Bounce/Sell Break
Short taken after prices barely breached the long-term downtrend line, now at 106.15, and then failed before the Jun 5 trend high. Buy opp missed overnight when prices fell to the daily uptrend line support at 104.45 and began a rapid rebound. That trendline"s Tues position is our short trade"s target. Stop/Reverse is at 106.55. (RD) 17:55 GMT
{Promotion Removed}
  • #7,579
  • Jun 9, 2008 1:12pm Jun 9, 2008 1:12pm
Wrong Way Fellow... 107.00 is Up !!!

Bruce
{Promotion Removed}
  • #7,580
  • Jun 9, 2008 1:17pm Jun 9, 2008 1:17pm
Quoting Warren Forex
Wrong Way Fellow... 107.00 is Up !!!

Bruce
may uj go to 104!
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