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USD/JPY Discussion

  • #8,461
  • Jun 17, 2008 5:53am Jun 17, 2008 5:53am
Quoting Islander
As we all "see" the chart action differently, I still find that the detail provided by the extra candles really helps me to take entries - like the reversal into the buy that I mentioned - especially when using minimal indicators / MAs etc.

Also, I dont have your experience and expertise......http://www.forexfactory.com/images/icons/icon12.gif
Oh - there is one thing I forgot to mention...... I do use the 6 minute chart...... smiling, if that makes any since.....
The Dove - Forex Trainer
  • #8,462
  • Jun 17, 2008 5:54am Jun 17, 2008 5:54am
I am really getting tired of watching this thing bounce between the central at the 20 and the mid at the 05.......
The Dove - Forex Trainer
  • #8,463
  • Jun 17, 2008 6:16am Jun 17, 2008 6:16am
Quoting dove_alliance
Oh - there is one thing I forgot to mention...... I do use the 6 minute chart...... smiling, if that makes any since.....
LOL Dove - I thought that I remembered you using at least one short TF - perhaps you can refresh my memory on your reasoning for the 6 min....
Trading Levels with WRBs
  • #8,464
  • Jun 17, 2008 7:09am Jun 17, 2008 7:09am
ÇI'm waiting for the news... good forecast is priced in... if it is bad.. it will drop hard.
we are at the pivot again.... still uptrend... but less powerful.
  • #8,465
  • Jun 17, 2008 7:31am Jun 17, 2008 7:31am
Quoting Islander
LOL Dove - I thought that I remembered you using at least one short TF - perhaps you can refresh my memory on your reasoning for the 6 min....
For me, it gives a more realistic reading than the 5, at least that is what I find.
The Dove - Forex Trainer
  • #8,466
  • Jun 17, 2008 7:45am Jun 17, 2008 7:45am
Dove,

Do you think the Goldman earnings will lead the market today? Or do you think it has not much to do with it? Often when stocks are set to open higher, the $DJI will spike but not take the JPY with it. What are your thoughts?

Regards,

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #8,467
  • Jun 17, 2008 8:00am Jun 17, 2008 8:00am
Quoting bristolxyz
Dove,

Do you think the Goldman earnings will lead the market today? Or do you think it has not much to do with it? Often when stocks are set to open higher, the $DJI will spike but not take the JPY with it. What are your thoughts?

Regards,

Bristol
There's also Bernanke's hints of yesterday floating in the air - about growth being more important than inflation fighting.
  • #8,468
  • Jun 17, 2008 8:08am Jun 17, 2008 8:08am
Quote
Chiquita: Q3 loss to be in line with year-ago quarter
(8:52 AM ET) NEW YORK (MarketWatch) -- Chiquita Brands International, Inc. said Tuesday it expects to deliver "strong year-on-year improvement in operating performance for the second quarter and full year 2008" and that its anticipated loss for the third-quarter will "be roughly in line with the loss incurred during the third quarter of 2007." The statement came a day after Chiquita's shares tumbled almost 29% following the company's warning it would report a "significant loss" in the third quarter due to supply constraints for bananas and rising commodity costs.


With the way the JPY has been, it would prob be a safe bet. Don't go long on the Tomatos tho.....

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #8,469
  • Jun 17, 2008 9:21am Jun 17, 2008 9:21am
So will it go below 108? Will it bounce off 108.50? What do you all think?
  • #8,470
  • Jun 17, 2008 9:28am Jun 17, 2008 9:28am
Quoting ferndog
So will it go below 108? Will it bounce off 108.50? What do you all think?
It's acting very bi-polar at the moment!
I wish we could get a lock on a good trend and start racking in the PIPs!

With that said though, it looks like the EUR/USD wants to go down and the USD/JPY wants to go up, but both pairs are stalling
  • #8,471
  • Jun 17, 2008 9:43am Jun 17, 2008 9:43am
Quoting dwildes
It's acting very bi-polar at the moment!
I wish we could get a lock on a good trend and start racking in the PIPs!

With that said though, it looks like the EUR/USD wants to go down and the USD/JPY wants to go up, but both pairs are stalling
If you want information and analysis both technical and fundamental then just click on the link and come to my home thread. You will get the information that you need there and are always welcome.

Link:

http://www.forexfactory.com/showthre...=88492&page=18


Bruce
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  • #8,472
  • Jun 17, 2008 10:07am Jun 17, 2008 10:07am
I went to sleep last night during the euro session and put a tp at 107.58 and i missed it by 1 pip because it only went down to 107.59. Can you believe it!
  • #8,473
  • Jun 17, 2008 10:10am Jun 17, 2008 10:10am
Quoting ferndog
I went to sleep last night during the euro session and put a tp at 107.58 and i missed it by 1 pip because it only went down to 107.59. Can you believe it!
Story of my life. It is frightening the number of times I'm stopped out by a pip or miss an entry by a pip...even when I shift my estimates to be on the safe side.
  • #8,474
  • Jun 17, 2008 10:16am Jun 17, 2008 10:16am
Right now a doji is forming so maybe that will help the bears.
  • #8,475
  • Jun 17, 2008 10:30am Jun 17, 2008 10:30am
Quoting ferndog
I went to sleep last night during the euro session and put a tp at 107.58 and i missed it by 1 pip because it only went down to 107.59. Can you believe it!
Dohhhhh!
I'd recommend setting up an alert around you TP level as well.
This use to happen to me all the time until I set an alert 10 PIPs away from my Take Profit so I could monitor the session.
  • #8,476
  • Jun 17, 2008 10:33am Jun 17, 2008 10:33am
Quoting dwildes
Dohhhhh!
I'd recommend setting up an alert around you TP level as well.
This use to happen to me all the time until I set an alert 10 PIPs away from my Take Profit so I could monitor the session.
I agree with you but then i guess would have to wake up in the middle of the night and leave the computer on all night
  • #8,477
  • Jun 17, 2008 10:39am Jun 17, 2008 10:39am
Quoting ferndog
I agree with you but then i guess would have to wake up in the middle of the night and leave the computer on all night
It's not that bad once you do it a few times. I just hate seeing a positive trade go negative, it's the worse feeling out there for me because it could be prevented. Stings alot more to me than a trade that completely runs away from you and hits a SL
  • #8,478
  • Jun 17, 2008 11:11am Jun 17, 2008 11:11am
Quoting dwildes
It's not that bad once you do it a few times. I just hate seeing a positive trade go negative, it's the worse feeling out there for me because it could be prevented. Stings alot more to me than a trade that completely runs away from you and hits a SL
You bet it stings. I guess i will have to look into it.
  • #8,479
  • Jun 17, 2008 11:16am Jun 17, 2008 11:16am
Does anyone (except fundamentalists) have any good material to read that will help with trends, retracements, reversals & continuations?
  • #8,480
  • Jun 17, 2008 11:18am Jun 17, 2008 11:18am
down u/j down..
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