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USD/JPY Discussion

  • #8,081
  • Jun 12, 2008 7:02pm Jun 12, 2008 7:02pm
Quoting hdarmawan
Dove,

What is the number that you use as the pivot by the way ?
The pivots are calculated off the daily candle.
The Dove - Forex Trainer
  • #8,082
  • Jun 12, 2008 7:02pm Jun 12, 2008 7:02pm
Quoting tma_21
samecwith me...
buy EU..sell UJ
guess we should have waited a little longer
  • #8,083
  • Jun 12, 2008 7:02pm Jun 12, 2008 7:02pm
1H Uj shows a pennent in an uptrend. Which is bullish.

I'm gonna sit tight until it breaks below the US session open.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 90 KB
  • #8,084
  • Jun 12, 2008 7:06pm Jun 12, 2008 7:06pm
Quoting pipmac
/
Is that around the 107.78 area?
  • #8,085
  • Jun 12, 2008 7:07pm Jun 12, 2008 7:07pm
Quoting dwildes
Is that around the 107.78 area?

107.68
  • #8,086
  • Jun 12, 2008 7:14pm Jun 12, 2008 7:14pm
Quoting tma_21
Been doing that for several days now ....
  • #8,087
  • Jun 12, 2008 7:16pm Jun 12, 2008 7:16pm
Quote
Dove......I have one question:

Why would anyone go against the trend? The trend is still up but traders went short........ That sure doesn't make any sense to me.

http://www.forexfactory.com/images/buttons/quote.gif

Quote
Dove....I am already in the short with the U/J
Dove... the 1st quote is from yesterday, the 2nd is from today.... based on the fact usd/jpy ended higher yesterday with higher highs/higher lows than the previous 2 days - are you not contradicting your own "advice" as surely the "trend" is still up?
  • #8,088
  • Jun 12, 2008 7:26pm Jun 12, 2008 7:26pm
Quoting moyyim
Dove... the 1st quote is from yesterday, the 2nd is from today.... based on the fact usd/jpy ended higher yesterday with higher highs/higher lows than the previous 2 days - are you not contradicting your own "advice" as surely the "trend" is still up?
That is true the trend is still up on the yen and still down on the eur....... I got in on the eur for 40 pips and then took a "0" on the yen...... Now I'm waiting....... The movements are at the threshold of changing but hasn't done so yet.
The Dove - Forex Trainer
  • #8,089
  • Jun 12, 2008 7:49pm Jun 12, 2008 7:49pm
Around 23:00 ET the yen will have it's "overnight call rate" and that will more and likely be the fuse to set it off.
The Dove - Forex Trainer
  • #8,090
  • Jun 12, 2008 7:56pm Jun 12, 2008 7:56pm
dang..!! this thing wont give me a break??? i just turned around an hour and both trades hit my S/L .. !! i've lost 3 dollars!

now lets wait for another "good" move... by the way, check GBPJPY.. the situation is getting interesting over there
... /$ -> LONG
  • #8,091
  • Jun 12, 2008 8:02pm Jun 12, 2008 8:02pm
Hi
From 5min to 1D trend is up, I’m just close my 3 long positions, for short is too early. Go for 1H, 4H or daily TF and stop scalping. Please trade yours system not the fundamentals rumours.
Happy Trading
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 33 KB
  • #8,092
  • Jun 12, 2008 8:04pm Jun 12, 2008 8:04pm
Yeah, been bored myself, just picking up little 3-4 PIP moves while we wait.
  • #8,093
  • Jun 12, 2008 8:12pm Jun 12, 2008 8:12pm
Quoting stanru
Hi
From 5min to 1D trend is up, I’m just close my 3 long positions, for short is too early. Go for 1H, 4H or daily TF and stop scalping. Please trade yours system not the fundamentals rumours.
Happy Trading
I don't believe anyone here is scalping and if the short is too soon then why you close your longs...... For the same reason I did and that is because the threshold is there.
The Dove - Forex Trainer
  • #8,094
  • Jun 12, 2008 8:12pm Jun 12, 2008 8:12pm
Dove, I’m using AccuChart and my pivot points came out to be
PP=107.19,
M3=107.50,
R1=107.84,
M4=108.09,

am I on the right page?

Thanks!
  • #8,095
  • Jun 12, 2008 8:13pm Jun 12, 2008 8:13pm
Quoting dwildes
Yeah, been bored myself, just picking up little 3-4 PIP moves while we wait.
try SMALL 50 pip moves @ GBPJPY ... i just started looking at this pair since last week and looks that it has a lot of correlation with UJ.

it would be nice to know how much does GJ affects UJ and viceversa
... /$ -> LONG
  • #8,096
  • Jun 12, 2008 8:14pm Jun 12, 2008 8:14pm
Quoting dove_alliance
I don't believe anyone here is scalping and if the short is too soon then why you close your longs...... For the same reason I did and that is because the threshold is there.
Hahah - sure, nobody is scalping *fingers crossed*
  • #8,097
  • Jun 12, 2008 8:16pm Jun 12, 2008 8:16pm
Quoting MaZae
try SMALL 50 pip moves @ GBPJPY ... i just started looking at this pair since last week and looks that it has a lot of correlation with UJ.

it would be nice to know how much does GJ affects UJ and viceversa
GJ = UJ * GU
  • #8,098
  • Jun 12, 2008 8:20pm Jun 12, 2008 8:20pm
Quoting Viktord
Dove, I’m using AccuChart and my pivot points came out to be
PP=107.19,
M3=107.50,
R1=107.84,
M4=108.09,

am I on the right page?

Thanks!
No - they are wrong - go to your chart properties click on the pivot points and the parameters and be sure date is right and the starting time is 17:00 and calulated period is 24 hours and there are no check marks on user defined...... The pivot point should be 107.60
The Dove - Forex Trainer
  • #8,099
  • Jun 12, 2008 8:20pm Jun 12, 2008 8:20pm
Dove...

Do you still use linear regression as one of your indicators?
For he that would be deceived, let him.
  • #8,100
  • Jun 12, 2008 8:22pm Jun 12, 2008 8:22pm
Quoting MaZae
try SMALL 50 pip moves @ GBPJPY ... i just started looking at this pair since last week and looks that it has a lot of correlation with UJ.

it would be nice to know how much does GJ affects UJ and viceversa
the u/j, the g/j and the e/j all correlate with each other......
The Dove - Forex Trainer
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