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USD/JPY Discussion

  • #7,721
  • Jun 10, 2008 2:14pm Jun 10, 2008 2:14pm
competitions and discussions between traders on the forum happen all the time... lol... that's it because the nature of traders are like this.. competitive.. and the reason the market works... is because there are always people with different opinions.. I love it... UP DOWN UP DOWN UP DOWN lol... then the market moves and everybody get profits.. except the ones that doesn't use money management... chartS? NO.. fundamentals? NO... Money management ? YES !... you can press randomly to the sell and buy buttons across all the pairs... all with 1:2 ratio SL:TP and you will win at the end... easy? don't know why.. but no. Maybe because it is boring...
  • #7,722
  • Jun 10, 2008 2:14pm Jun 10, 2008 2:14pm
Children I swear, this is the internet people lol
Trade what you see, not what you think.
  • #7,723
  • Jun 10, 2008 2:15pm Jun 10, 2008 2:15pm
Quoting Warren Forex
You really have a lot of nerve to post such comments. I have been here trying very hard to teach people how to trade forex properly. All of a sudden you drop in and brag how you make 100 PIPS each day. Great ! I mean it. Why don't you post some real results to show your real qualifications. You call what I post garbage yet other then being in the right place at the right time and telling us about a book you are writing and how you have a winning system how exactly are you helping anyone here ?

Regardless I will not recall ever calling what you post as garbage. You are entitled to your opinion and I RESPECT it. I do not need to have your RESPECT or even your opinion about me but if it makes your own EGO feel better than go for it.

I really am starting to doubt your claims of making what you say you make but it really does not matter.

How about a FRIENDLY 30 day Demo Trading Contest between you and me ?

We Open A Demo Account with $100,000 US Dollars with say FX Solutions where I Demo trade now and we see the results as we explain to everyone how we trade in our different styles.

What do you say ? Surely a GARBAGE FX trader like me who cannot teach anyone how to trade properly only will get discredited and have to really admit that he only posts garbage here.

This IN NO WAY IS MEANT TO INSULT YOU OR GET INTO A FLAMING CONTEST but you did post something unfair when you tell me the hundreds of hours that I give of my time results in bothering you and posting garbage.

Have a GREAT DAY !!!

Bruce
I'm not going to get into an argument with you and I do not need to prove anything to you........ One thing you must learn and that is to never give bad advice and then not back it up in which you do every day....... It the market didn't go the way you predicted you then come back with excuses why it didn't do what you said it would do and yes Warren, that is garbage......
The Dove - Forex Trainer
  • #7,724
  • Jun 10, 2008 2:15pm Jun 10, 2008 2:15pm
Quoting dove_alliance
There is no way that anyone can predict this market..... What I can do is forecast the movement within a 24 hour period after the the new pivots are set at 17:00 ET.... Using the daily trend and the pivots I can pretty much place my trades in the direction it is going..... There are times that the movement is sideways and when that happens I am out of it until the channel is broken...... And that can take as much as 18 hours or more..... Pivots and trends is all I use in my trading along with using Moving Averages keeping me focus on the trends...... As for predicting...... leave me out.
what i like of this strategies is that they can be translated to mechanical , i started out an API project and i'm integrating this kind of stuff.

thanks for the feed back bro' .. i'll check it out some hours later.

¡..MaZae OFFLINE..!
... /$ -> LONG
  • #7,725
  • Jun 10, 2008 2:19pm Jun 10, 2008 2:19pm
Quoting emda
competitions and discussions between traders on the forum happen all the time... lol... that's it because the nature of traders are like this.. competitive.. and the reason the market works... is because there are always people with different opinions.. I love it... UP DOWN UP DOWN UP DOWN lol... then the market moves and everybody get profits.. except the ones that doesn't use money management... chartS? NO.. fundamentals? NO... Money management ? YES !... you can press randomly to the sell and buy buttons across all the pairs... all with 1:2 ratio SL:TP and you will win at the end... easy? don't know why.. but no. Maybe because it is boring...

HAHAHAHA... YEAHH!! , THAT'S THE CORRECT ATTITUDE MAN
... /$ -> LONG
  • #7,726
  • Jun 10, 2008 2:23pm Jun 10, 2008 2:23pm
Quoting Warren Forex

How about a FRIENDLY 30 day Demo Trading Contest between you and me ?

We Open A Demo Account with $100,000 US Dollars with say FX Solutions where I Demo trade now and we see the results as we explain to everyone how we trade in our different styles.

Bruce
no... i suggest that everyone enters this trading contest

i know many of us would enter at least just for fun.
... /$ -> LONG
  • #7,727
  • Jun 10, 2008 2:35pm Jun 10, 2008 2:35pm
I hope UJ drops overnight so that it would soften the blow to my SHORT positions .... Yes, my positions are as worthless as garbage ....
  • #7,728
  • Jun 10, 2008 2:48pm Jun 10, 2008 2:48pm
I am not familiar with Warren but I do like his informative posts.

Dove Alliance has been around for a long time.
I remember last year he was basically running a free class on this forum on how to trade the U/Y. I know I silently participated and now trade the U/Y with little or no problems. Although I have not traded it for the past few weeks. Made enough on the big drop.

We are all related to our respective opinions but personal remarks and attacks on fellow trades are neither warranted or desired on a public forum.
We are all here for a reason....make money.

I would suggest you click on Dove Alliance profile and read every post he has ever made on this thread.

Regards to all and good trading.
  • #7,729
  • Jun 10, 2008 2:48pm Jun 10, 2008 2:48pm
I must say that a year ago I myself was relying purely on the fundamentals (i.e., logic behind the market moves), candles and visual trends...

Dove appeared in this thread in the same manner and... helped me convert to much more efficient technical trading (Dove, I really appreciate that). I advice everyone to spend some time looking at Dove's posts beginning here http://www.forexfactory.com/showthre...=34254&page=55 (post #819). Back then Dove discussed exact prices, pivots, entires and exits in real time. Just browse through ~200 pages of this forum - don't be scared by that number. At some point someone even compiled Dove's hints into attachment to his forum post.

Edit: Rusty, you beat me by a few seconds :-)))
"Luxury is one of the basic needs", (c), Don Corleone
  • #7,730
  • Jun 10, 2008 2:50pm Jun 10, 2008 2:50pm
Quoting emda
competitions and discussions between traders on the forum happen all the time... lol... that's it because the nature of traders are like this.. competitive.. and the reason the market works... is because there are always people with different opinions.. I love it... UP DOWN UP DOWN UP DOWN lol... then the market moves and everybody get profits.. except the ones that doesn't use money management... chartS? NO.. fundamentals? NO... Money management ? YES !... you can press randomly to the sell and buy buttons across all the pairs... all with 1:2 ratio SL:TP and you will win at the end... easy? don't know why.. but no. Maybe because it is boring...
Read one of my earlier posts this afternoon where I said many traders here need to learn Money Management Skills !!!

Why ? Surely for ABSTRACT unpredictable moments like we have been dealing with for the last week. Live to Trade FX another day. NEVER forget Leverage of 100 to 1, CUTS both Ways !!!

Bruce
{Promotion Removed}
  • #7,731
  • Jun 10, 2008 3:10pm Jun 10, 2008 3:10pm
Quoting Warren Forex
If I was able to do it I would produce two side by side charts of USD/JPY and the Dow...
I found this chart on dailyfx, there is also a related article from 4-2008 about risk trends here:
http://www.dailyfx.com/story/tophead...eyword=article

While there are many good points in that article the authors make a very wrong prediction for the JPY to go towards 100...

However, the main point behind Dove's technical method is never try to guess or predict what will happen based on logic and personal opinion. Instead, comply with the market dynamic momentum that you measure with a set of technical indicators.
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"Luxury is one of the basic needs", (c), Don Corleone
  • #7,732
  • Jun 10, 2008 3:20pm Jun 10, 2008 3:20pm
I use Quotetracker (Free download) to watch DOW and other stuff. It's free and has excellent charting. Only issue is that you need an account somewhere (there are 100's configured into QT), to use for real time data. Mine is at TDAmeritrade, so I use that for the real time quotes.

http://www.quotetracker.com/
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #7,733
  • Jun 10, 2008 3:20pm Jun 10, 2008 3:20pm
Just for you my friend.

Looks to me like the correlation is broken.

Hope you can see and comprehend this.
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  • #7,734
  • Jun 10, 2008 3:31pm Jun 10, 2008 3:31pm
Quoting Firstboss
I found this chart on dailyfx, there is also a related article from 4-2008 about risk trends here:
http://www.dailyfx.com/story/tophead...eyword=article

While there are many good points in that article the authors make a very wrong prediction for the JPY to go towards 100...

However, the main point behind Dove's technical method is never try to guess or predict what will happen based on logic and personal opinion. Instead, comply with the market dynamic momentum that you measure with a set of technical indicators.
I do not disagree with that. I understand that. Perhaps it may seem like I predict but I do something different because of my fundamental skills and knowledge.

That actually is my edge. I am usually more correct 65% then incorrect 35% when it comes to anticipating news releases. I spend $500 US a month to get two of the best services out there for instant news including fundamentals and technicals. I need to always know what caused a move in order to see if the fundamentals have not changed. My way of trading says OK, FED you helped me get in at a better level since if anything the fundamentals have got worse for the US Dollar.

The TREND is DOWN !!! What Trend ? Let Us say the 90 Day Trend ?

Does this mean the Charts Trend ? NO NO NO ... Not necessarily but at times yes. For example in the next 90 days the Banks and Brokers will need to post 2ND quarter results. IT WILL NOT BE PRETTY. Has the Recession ended or will it get better in the next 90 days ?

Of Course Not !!!

I hope I have explained my views better and how I trade.

Bruce
{Promotion Removed}
  • #7,735
  • Jun 10, 2008 3:34pm Jun 10, 2008 3:34pm
Dove, as I said before, will you PLEASE consider starting your own thread?

It's silly having to wade thru 20 screens of yard long posts, 80% of which get quoted 2 or 3 times each in their entirety, thereby generating 40-60 yards of posts to find a few lines of something. And contests...??

There's a reason I never come to this thread anymore.
FUBAR...
  • #7,736
  • Jun 10, 2008 3:39pm Jun 10, 2008 3:39pm
Quoting Rustyyy
Just for you my friend.

Looks to me like the correlation is broken.

Hope you can see and comprehend this.
Yes I can see it clearly. I use the information and I watch what happens from here on in. There is much changing now because of INTERVENTION by the FED and some Central Banks because of very very serious unresolved financial problems still not solved.

If we get a 250 Down Day on Thursday If and When Retail Sales are Bad and or Jobless Claims GO OVER 400,000 on Thursday at 8:30 AM and the USD/JPY goes UP 100 PIPS then that will convince me. However with due respect to myself, I doubt that will happen. 250 Down in Dow could send USD/JPY down 100 PIPS and then ALL the TRENDS and Charts change and so it goes.

Have a Good Evening !!!


Bruce
{Promotion Removed}
  • #7,737
  • Jun 10, 2008 3:41pm Jun 10, 2008 3:41pm
Quoting ak4x
Dove, as I said before, will you PLEASE consider starting your own thread?

It's silly having to wade thru 20 screens of yard long posts, 80% of which get quoted 2 or 3 times each in their entirety, thereby generating 40-60 yards of posts to find a few lines of something. And contests...??

There's a reason I never come to this thread anymore.
I will give it consideration...... As for a contest that is a no...... I trade live and do much more then 50% so I don't have the time to play games......
The Dove - Forex Trainer
  • #7,738
  • Jun 10, 2008 3:56pm Jun 10, 2008 3:56pm
I think a 1 month contest doesn't mean anything... because it is not the same 1 month of scalping or 1 month of trading charts in the weekly timeframe... fundamentals are a mix of scalping at news time and weekly trends. scalping 1 month succesfully can happen.. but don't attempt to use the same scalping system next month.. because market changes...
Results of the contest doesn't reflect if one is better than other.. a contest of trading for 10 years would be something.
  • #7,739
  • Jun 10, 2008 4:06pm Jun 10, 2008 4:06pm
The new daily pivot point is @ 107.05, and USD/JPY has a VERY high chance of testing it within 2-3 hours
If the market remains slow (it died too early today) we'll be stuck between 107.05 and 107.45 until the European session
"Luxury is one of the basic needs", (c), Don Corleone
  • #7,740
  • Jun 10, 2008 4:56pm Jun 10, 2008 4:56pm
Quoting Rustyyy

I would suggest you click on Dove Alliance profile and read every post he has ever made on this thread.

Regards to all and good trading.
Here I'll save you the trouble, find attached the posts, and the charts.

Anybody who is looking for Dove to teach you his system can just forget about that idea... I quote " Originally Posted by trader07 View Post
What's the indicator? Also, what's your stop?
As you well know I do not give out my indicators and I think you know the reason why....."
So that means any of you traders that would rely on him for signals and advice you will be severely handicapped if he leaves or stops posting as you won't have any system anymore.

My thought is, if he is not willing to teach his system then his motive for all of the posting of calls must be something else, perhaps it's to stroke his EPEEN.

Ah well, enjoy the posts and charts.

Ron.
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