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USD/JPY Discussion

  • #8,361
  • Jun 16, 2008 4:30pm Jun 16, 2008 4:30pm
Quoting goodness
can someone pls explain how to trade uj using pp....thx
Someone guide him to the threads of last year and then can read all about it.
The Dove - Forex Trainer
  • #8,362
  • Jun 16, 2008 4:33pm Jun 16, 2008 4:33pm
I believe some one had condensed a "readers digest" version of all the posts that are related to the pivot points: Anyone knows who that was? Or where it is at on the posts?
The Dove - Forex Trainer
  • #8,363
  • Jun 16, 2008 4:34pm Jun 16, 2008 4:34pm
Dove what do you think about yearly PP ?

Also... weekly and monthly PP are also calculated using the 17:00 ET

Thanks !!!
For he that would be deceived, let him.
  • #8,364
  • Jun 16, 2008 4:35pm Jun 16, 2008 4:35pm
Quoting pinchapip
Dove what do you think about yearly PP ?

Also... weekly and monthly PP are also calculated using the 17:00 ET

Thanks !!!
Forget about the yearly and monthly but the weekly pivots are important and they are calculated on Friday's closing candle on the weekly chart.
The Dove - Forex Trainer
  • #8,365
  • Jun 16, 2008 4:37pm Jun 16, 2008 4:37pm
Quoting dove_alliance
I believe some one had condensed a "readers digest" version of all the posts that are related to the pivot points: Anyone knows who that was? Or where it is at on the posts?
here....
For he that would be deceived, let him.
  • #8,366
  • Jun 16, 2008 4:38pm Jun 16, 2008 4:38pm
If anyone wants to use the yearly or monthly pivots it is then use for resistance and support only of the R's and S's.
The Dove - Forex Trainer
  • #8,367
  • Jun 16, 2008 4:39pm Jun 16, 2008 4:39pm
Quoting pinchapip
here....
smiling - yes, here on this post......
The Dove - Forex Trainer
  • #8,368
  • Jun 16, 2008 4:40pm Jun 16, 2008 4:40pm
Quoting dove_alliance
I believe some one had condensed a "readers digest" version of all the posts that are related to the pivot points: Anyone knows who that was? Or where it is at on the posts?
sorry here now...
Attached File(s)
File Type: doc dove strategy.doc   96 KB | 530 downloads
For he that would be deceived, let him.
  • #8,369
  • Jun 16, 2008 4:49pm Jun 16, 2008 4:49pm
Quoting pinchapip
sorry here now...
I really do appreciate that....... It will help with the new traders.
The Dove - Forex Trainer
  • #8,370
  • Jun 16, 2008 4:55pm Jun 16, 2008 4:55pm
I think this pair's going south to 107.30, in the next few hours, tomorrow at most, so be prepared, and don't say i didn't told you!!! lol. Just a thought!!!
  • #8,371
  • Jun 16, 2008 4:57pm Jun 16, 2008 4:57pm
Good to see my old friend back on top of his game......giving the father the praise..... a little consolidation before the next run toward 110....we could watch for pullback to the 107.90 area before heading back to hit the 108.50 area....but until the good old pair makes it mind up...scalping i will go...

Quoting dove_alliance
We now have a new daily candle at 17:00 ET
and the daily pivots are calculated from yesterday's daily of the high, the low, and the close..... The trend is still up.

R3 - 109.22
R2 - 108.89
R1 - 108.55

PP - 108.22

S1 - 107.88
S2 - 107.55
S3 - 107.21

The daily Central pivot is at the 108.20
  • #8,372
  • Jun 16, 2008 5:10pm Jun 16, 2008 5:10pm
Hello Mrpipmaster, i agree with your next target being 110, but first we need a solid break of the 108.3 -108.5 area, dont you think so?.. and if we don't see that break, then we could see a move a little bit bigger than a pullback to 107.9, i think that at least to 107.3... but lets see what happens.

Just a tought, and just learning from the pros, good luck and happy trading

Quoting Mrpipmaster
Good to see my old friend back on top of his game......giving the father the praise..... a little consolidation before the next run toward 110....we could watch for pullback to the 107.90 area before heading back to hit the 108.50 area....but until the good old pair makes it mind up...scalping i will go...
  • #8,373
  • Jun 16, 2008 5:11pm Jun 16, 2008 5:11pm
Quoting dove_alliance
...the weekly pivots are important and they are calculated on Friday's closing candle on the weekly chart.
Can you confirm then that altho you use sunday's 1700 close for sunday pivots, you do in fact cut the weekly off at the friday close??

I've been using the sunday 1700 close for the weekly close price as well, as indicated on earlier post #8318. The difference between is the 2 methods this week ranges from 7 pips at the DP to 11-12 pips at the R3/S3, which is more than I'd care for... I haven't noticed a problem, but I honestly haven't used the weekly's that much lately.

Your method is easier and I defer in advance to your conclusion here. My rationale has been that what's good for sunday pivots which look back to fridays data, is good for the weekly as well.
FUBAR...
  • #8,374
  • Jun 16, 2008 5:22pm Jun 16, 2008 5:22pm
Quoting ak4x
Can you confirm then that altho you use sunday's 1700 close for sunday pivots, you do in fact cut the weekly off at the friday close??

I've been using the sunday 1700 close for the weekly close price as well, as indicated on earlier post #8318. The difference between is the 2 methods this week ranges from 7 pips at the DP to 11-12 pips at the R3/S3, which is more than I'd care for... I haven't noticed a problem, but I honestly haven't used the weekly's that much lately.

Your method is easier and I defer in advance to your conclusion here. My rationale has been that what's good for sunday pivots which look back to fridays data, is good for the weekly as well.
I should had said I do use Sundays Open as the close on Fridays candle for the weekly pivots.... Sorry about that.......
The Dove - Forex Trainer
  • #8,375
  • Jun 16, 2008 5:26pm Jun 16, 2008 5:26pm
Quoting Mrpipmaster
Good to see my old friend back on top of his game......giving the father the praise..... a little consolidation before the next run toward 110....we could watch for pullback to the 107.90 area before heading back to hit the 108.50 area....but until the good old pair makes it mind up...scalping i will go...
I don't believe the pullback will be lower than 108.05 at the M2. But as always, anything can happen.......
The Dove - Forex Trainer
  • #8,376
  • Jun 16, 2008 5:34pm Jun 16, 2008 5:34pm
Quoting dove_alliance
I should had said I do use Sundays Open as the close on Fridays candle for the weekly pivots.... Sorry about that.......
No need to be sorry, comes from having taught us better than you know..
FUBAR...
  • #8,377
  • Jun 16, 2008 5:39pm Jun 16, 2008 5:39pm
hello, yes we could see the 107.20 area this week!! but until then i live to scalp and until we get clear direction of movement tonight which for the last few weeks has been up up up i will continue to scalp....just grap those pips....i can average over 40-50 pips just scalping this pair.... i do know this much we will either reach the daily R1 or S1 this trading day and or the mid pivots and i plan be onboard moving in the direction of this pair...good trading and good to hear from you here....

Quoting WizardPip
Hello Mrpipmaster, i agree with your next target being 110, but first we need a solid break of the 108.3 -108.5 area, dont you think so?.. and if we don't see that break, then we could see a move a little bit bigger than a pullback to 107.9, i think that at least to 107.3... but lets see what happens.

Just a tought, and just learning from the pros, good luck and happy trading
  • #8,378
  • Jun 16, 2008 5:47pm Jun 16, 2008 5:47pm
Quoting ak4x
No need to be sorry, comes from having taught us better than you know..
I agree to that! Much appreciated Dove!
I've seen a night & day difference in my trading using your methods.
  • #8,379
  • Jun 16, 2008 5:47pm Jun 16, 2008 5:47pm
This indicator makes life easy, it's the best i have found, and it doesn't need to get restarted on everyday close.

Best wishes, and hope it helps

PD: I know some prople doesn't like those type of indicators, and prefer to do the math by themselves, but this one is really good
Attached File(s)
File Type: mq4 Pivots.mq4   4 KB | 278 downloads
  • #8,380
  • Jun 16, 2008 5:54pm Jun 16, 2008 5:54pm
Quoting WizardPip
This indicator makes life easy, it's the best i have found, and it doesn't need to get restarted on everyday close.
Tried it out, it's good but just covers the basic pivots. I still think Habeeb's is the best for MT4: daily, weekly, & monthly pivots all in one with options for mid-pivots on all of them. The only thing it lacks is a central pivot option.
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