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USD/JPY Discussion

  • #8,261
  • Jun 15, 2008 5:35pm Jun 15, 2008 5:35pm
hello

any one can tell me tomorrow where the USD/JPY will going too ??

i know its lazy but im new on the market and i lost alot soo need help from all

thanks
  • #8,262
  • Jun 15, 2008 5:40pm Jun 15, 2008 5:40pm
Quoting Abu Jawad
hello

any one can tell me tomorrow where the USD/JPY will going too ??

i know its lazy but im new on the market and i lost alot soo need help from all

thanks
The only thing I suggest at this time Abu is to use a demo until you know what you are doing...... Then you wouldn't lose so much.
The Dove - Forex Trainer
  • #8,263
  • Jun 15, 2008 7:08pm Jun 15, 2008 7:08pm
Just shorted the USD/JPY at 1.0823 so I am down about a bit right now but I really feel good about this trade. Unlike most of my trades I think I will be holding on to this one for a while.

I am quite prepare to let it rise up to 108.71--109.00 and then I will Short some more. Maybe impatience got the better of me and I entered a bit to early...oh well...I am going to let this sucker play out for some time.
  • #8,264
  • Jun 15, 2008 7:10pm Jun 15, 2008 7:10pm
Quoting yorygog
Just shorted the USD/JPY at 1.0823 so I am down about a bit right now but I really feel good about this trade. Unlike most of my trades I think I will be holding on to this one for a while.

I am quite prepare to let it rise up to 108.71--109.00 and then I will Short some more. Maybe impatience got the better of me and I entered a bit to early...oh well...I am going to let this sucker play out for some time.
Good luck with it.
The Dove - Forex Trainer
  • #8,265
  • Jun 15, 2008 7:14pm Jun 15, 2008 7:14pm
Thank You.

I feal real strong about the USD not breaking through the 108.71--109.00 range---at least in the short term anyway. But I am not in to0 heavily and if I have to exit with a loss I can handle it.
  • #8,266
  • Jun 15, 2008 7:17pm Jun 15, 2008 7:17pm
my weekly pivot is at 107.02
we are 130 pips above it.. quite a lot... the weekly R1 is still quite far 109.55... so.. my guess is that price will come back to the weekly pivot at least.. I would like to know dove's opinion about it. thanks
  • #8,267
  • Jun 15, 2008 7:20pm Jun 15, 2008 7:20pm
Quoting emda
my weekly pivot is at 107.02
we are 130 pips above it.. quite a lot... the weekly R1 is still quite far 109.55... so.. my guess is that price will come back to the weekly pivot at least..
I hope that you are right.
  • #8,268
  • Jun 15, 2008 7:23pm Jun 15, 2008 7:23pm
Quoting emda
my weekly pivot is at 107.02
we are 130 pips above it.. quite a lot... the weekly R1 is still quite far 109.55... so.. my guess is that price will come back to the weekly pivot at least.. I would like to know dove's opinion about it. thanks
The weekly up trend is very strong, and so is the daily......
The Dove - Forex Trainer
  • #8,269
  • Jun 15, 2008 7:25pm Jun 15, 2008 7:25pm
108.39 is the R1 and we will see when it gets there.......
The Dove - Forex Trainer
  • #8,270
  • Jun 15, 2008 7:27pm Jun 15, 2008 7:27pm
You have to understand pivots in order to make profit...... The pivot point at 17:00 is at the 108.02 with the trend being up and the open candle at 17:00 is 108.04 which means the R1 will be hit.
The Dove - Forex Trainer
  • #8,271
  • Jun 15, 2008 7:32pm Jun 15, 2008 7:32pm
Quoting emda
my weekly pivot is at 107.02
we are 130 pips above it.. quite a lot... the weekly R1 is still quite far 109.55... so.. my guess is that price will come back to the weekly pivot at least.. I would like to know dove's opinion about it. thanks
One thing you have to take into consideration and that is ...... smiling...... we are only at the beginning of the week..........
The Dove - Forex Trainer
  • #8,272
  • Jun 15, 2008 7:39pm Jun 15, 2008 7:39pm
Quoting dove_alliance
108.39 is the R1 and we will see when it gets there.......
I am looking at that as well (108.38, I should have demonstrated more patience and waited for it to get closer to that before pulling the trigger. But yes I am watching that number as well.I don't use pivot points but 108.38 is what I call a B5 Resistance (a strong one). I use only simple Support and Resistance lines.

I am a rookie, only been trading Live for about 4 months now. But I am learning.

I liken myself to an all star College basketball player (Demo account success) but now I am in the NBA and like so many stand out college athletes their first season more often than not does not live up to expectations. So here I am, a rookie, learning the ropes and if by the end of my rookie season if I can just break even (while learning everything that I possible can about these markets.. I will consider my first year a success.)
  • #8,273
  • Jun 15, 2008 7:42pm Jun 15, 2008 7:42pm
The 108.38 Resistance level has just fought back the first onslaught against that level.
  • #8,274
  • Jun 15, 2008 8:17pm Jun 15, 2008 8:17pm
Here we go again. Will it fend off this second onslaught?
  • #8,275
  • Jun 15, 2008 8:19pm Jun 15, 2008 8:19pm
BINGO - Target hit.
The Dove - Forex Trainer
  • #8,276
  • Jun 15, 2008 8:20pm Jun 15, 2008 8:20pm
We still have a strong up and the upper BB has not been hit yet......
The Dove - Forex Trainer
  • #8,277
  • Jun 15, 2008 8:26pm Jun 15, 2008 8:26pm
Quoting dove_alliance
BINGO - Target hit.
If you do not mind me asking; did you place a trade? If so what is your position?

Just curious.
  • #8,278
  • Jun 15, 2008 8:28pm Jun 15, 2008 8:28pm
Quoting yorygog
If you do not mind me asking; did you place a trade? If so what is your position?

Just curious.
Yes I did and I open at the 108.05 and took profit at the 108.39.
The Dove - Forex Trainer
  • #8,279
  • Jun 15, 2008 8:29pm Jun 15, 2008 8:29pm
" will be hit" I thought we trade probabilities not certainties. There are no guarantees about anything. I love it when folks make claims like "it will"




Quoting dove_alliance
You have to understand pivots in order to make profit...... The pivot point at 17:00 is at the 108.02 with the trend being up and the open candle at 17:00 is 108.04 which means the R1 will be hit.
  • #8,280
  • Jun 15, 2008 8:30pm Jun 15, 2008 8:30pm
Quoting yorygog
If you do not mind me asking; did you place a trade? If so what is your position?

Just curious.
And my position is using pivots and trends even though you do not agree, and that is OK.
The Dove - Forex Trainer
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