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USD/JPY Discussion

  • #7,881
  • Jun 11, 2008 9:31pm Jun 11, 2008 9:31pm
Dove, great to see this thread vivid again - just like the old times :-)
Too bad I logged in just now and missed all the action.

Speaking of patience, I am long now (107.20), will add if it touches the pivot (I know, I know most likely it will). But it retraced back inside the band, so the way up is clear
"Luxury is one of the basic needs", (c), Don Corleone
  • #7,882
  • Jun 11, 2008 9:33pm Jun 11, 2008 9:33pm
Quoting dwildes
Is it important to consider yesterday's pivot points?
Yesterday pivots are no longer in use.......
The Dove - Forex Trainer
  • #7,883
  • Jun 11, 2008 9:34pm Jun 11, 2008 9:34pm
Quoting Firstboss
Dove, great to see this thread vivid again - just like the old times :-)
Too bad I logged in just now and missed all the action.

Speaking of patience, I am long now (107.20), will add if it touches the pivot (I know, I know most likely it will). But it retraced back inside the band, so the way up is clear
This pair always had a tendency to move slower than the rest........ it will eventually get there.
The Dove - Forex Trainer
  • #7,884
  • Jun 11, 2008 9:41pm Jun 11, 2008 9:41pm
Firstboss has an understanding of the BB...... Once a candle has busted the BB and the next candle opens outside the BB then that candle will retrace to be placed back inside the band.
The Dove - Forex Trainer
  • #7,885
  • Jun 11, 2008 9:48pm Jun 11, 2008 9:48pm
You guys keep going long. I'm going short around 107.50. The turn is coming don't get cought on the wrong side of the trade.
  • #7,886
  • Jun 11, 2008 9:53pm Jun 11, 2008 9:53pm
For anyone needing a desk top pivot calculator here is an excellent one to download for free.......

http://www.bestvistadownloads.com/so...-uyiktrtd.html
The Dove - Forex Trainer
  • #7,887
  • Jun 11, 2008 10:05pm Jun 11, 2008 10:05pm
WOW !!!!

Dove alliance back to the forum !!!!!!

God bless !!!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #7,888
  • Jun 11, 2008 10:06pm Jun 11, 2008 10:06pm
Quoting pinchapip
WOW !!!!

Dove alliance back to the forum !!!!!!

God bless !!!!!!!!!!!!!!!!
Smiling - God Bless my friend.
The Dove - Forex Trainer
  • #7,889
  • Jun 11, 2008 10:12pm Jun 11, 2008 10:12pm
Cheers Dove !!!

Despite my fasting and prayers I missed you last august.....maybe God is giving me a second chance now !!!! Well....we will see
For he that would be deceived, let him.
  • #7,890
  • Jun 11, 2008 10:16pm Jun 11, 2008 10:16pm
I see a lot of old friends from way back...... How about you PipSnatcher...... How have you been?????
The Dove - Forex Trainer
  • #7,891
  • Jun 11, 2008 10:27pm Jun 11, 2008 10:27pm
Quoting pipmac
Just curous.....How does a forex trader make money from that information. Merely somebodies opinion about where gold is going?

I understand that the US economy is in bad shape. BUT it CAN get better. OR maybe its not AS BAD as people write.

Just because somebody can talk about where the economy is heading doesn't mean they can make money in the markets.

I've got a headache from all the BS ive been reading about how bad things are. It's all designed to screw with your head.
Without fundamental knowledge to have the EDGE knowing that the FED was bluffing in the last week you might have actually thouht everything is fine. It is NOT ! Trading the charts only in 90% of all traders out there guarantee you are or will be a financial loser.

Go on doing your thing and continue to lose. Just my two cents.

Just skip past all the BS OK ? Have A Good Day !!!


Bruce
{Promotion Removed}
  • #7,892
  • Jun 11, 2008 10:34pm Jun 11, 2008 10:34pm
Quoting pipmac
I'm rather focus on reality

ADD:

The reality is that the UJ has rallied over 1000 pips while everybody is
shouting doomsday.
Facts are not doomsday. Ignorance is ignorance. How much money have you made on the 1000 PIPS Rally. Why not ride it up to 110.00 or perhaps you might like to ride it from 107.00 to 100.00 That is only 700 PIPS however when the Dow starts down 500 Points USD/JPY goes with it. But of course not knowing that would not be called good thinking.

Regardless keep on making your profits since you surely know how to trade. Just don't bother to convince me you are correct. I was bored so I thought I would mention my point of view in case it might help.


Bruce
{Promotion Removed}
  • #7,893
  • Jun 11, 2008 10:35pm Jun 11, 2008 10:35pm
Quoting dove_alliance
I see a lot of old friends from way back...... How about you PipSnatcher...... How have you been?????
Hey, Dove great to see you here. Been doing alright, but I missed your words of wisdom. God Bless
  • #7,894
  • Jun 11, 2008 10:37pm Jun 11, 2008 10:37pm
Bruce, if i were you. I'd quietly just build up my positions and stay away from this stressfull job of convincing people, becareful coz it may affect your approach.

On a sidenote I'd give the US news a max of 200pips, if it were to be positive tonight. Then its all hot air.

jest
  • #7,895
  • Jun 11, 2008 10:41pm Jun 11, 2008 10:41pm
GO UP NOW!!
Sorry, back to being patient
  • #7,896
  • Jun 11, 2008 10:41pm Jun 11, 2008 10:41pm
Quoting PipSnatcher
Hey, Dove great to see you here. Been doing alright, but I missed your words of wisdom. God Bless
Good to see you also...... I will do my best....... smiling.
The Dove - Forex Trainer
  • #7,897
  • Jun 11, 2008 10:44pm Jun 11, 2008 10:44pm
Quoting steelhead
You guys keep going long. I'm going short around 107.50. The turn is coming don't get cought on the wrong side of the trade.
Who knows what will happen until 3:00 AM ? The tendency in this pair is for it to go up. However if Europe follows the Dow it could then reverse quickly.

Fundamentaly the next UNKNOWN is New Jobless Claims at 8:30 AM combined with Retail Sales. An Number over Consensus or a Number over 400,000 combined with a BAD Retail Sales number will send the Dow down another 100 Points. The Reverse Can send the Dow UP 250 and USD/JPY Over or close to 108.00

Knowing Fundamentals allows me to be aware Of Events and Use Event Management to try to be ALL in cash before 8:30 AM unless you have a good feel for a BAD number.

That's the way I trade it.


Bruce
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  • #7,898
  • Jun 11, 2008 10:44pm Jun 11, 2008 10:44pm
One note here: I Also trade the EUR: I know this is a usd/jpy thread and at one time it was a good thread until the EUR broke all records and everyone from this pair jumped ship and is now with the EUR....... and this is the reason..... At 20:30 ET I got into a trade with the EUR/USD at the 1.5551 and just closed that trade about 30 minutes ago at the S1 - 1.5467...... A total of 81 pips...... So, every once in awhile I might mention the EUR and that is because my thoughts are back and forth between the two pairs.......
The Dove - Forex Trainer
  • #7,899
  • Jun 11, 2008 10:49pm Jun 11, 2008 10:49pm
Quoting jest1081
Bruce, if i were you. I'd quietly just build up my positions and stay away from this stressfull job of convincing people, becareful coz it may affect your approach.

On a sidenote I'd give the US news a max of 200pips, if it were to be positive tonight. Then its all hot air.

jest
I am basically only posting now on the "Knowlege Is Power" thread but I just passed in for a few minutes to post here.

You might be right in some ways about your point however I am just holding 4 Positions short now and needed a break. By posting my thoughts it actually let's me focus on my thoughts and Strategy !

Good Trading To You. Come visit at the other thread. Good Evening !!!


Bruce
{Promotion Removed}
  • #7,900
  • Jun 11, 2008 10:51pm Jun 11, 2008 10:51pm
News is bs thats all it is. Market manipulation is real.
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