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USD/JPY Discussion

  • #8,781
  • Jun 23, 2008 6:41pm Jun 23, 2008 6:41pm
Quoting bristolxyz
Dove,

You're using metatrader charting?

Bristol
No - I'm using AccuCharts.......
The Dove - Forex Trainer
  • #8,782
  • Jun 23, 2008 7:11pm Jun 23, 2008 7:11pm
UJ pivots ... interesting.
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  • #8,783
  • Jun 23, 2008 7:29pm Jun 23, 2008 7:29pm
Quoting emda
UJ pivots ... interesting.
Yeah - makes for some strong areas to break
  • #8,784
  • Jun 23, 2008 7:32pm Jun 23, 2008 7:32pm
Ah, the never-ending rookie quest for Holy grail indicator settings. Always amusing.
There's always money in the banana stand.
  • #8,785
  • Jun 23, 2008 7:34pm Jun 23, 2008 7:34pm
Potentially anyway. 4H bar is above it, but I'll hold my breath until it closes above it.
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  • #8,786
  • Jun 23, 2008 8:04pm Jun 23, 2008 8:04pm
I want short ... but I will wait
  • #8,787
  • Jun 23, 2008 8:35pm Jun 23, 2008 8:35pm
Quoting pepbullish
I want short ... but I will wait
Me tooo
  • #8,788
  • Jun 23, 2008 8:44pm Jun 23, 2008 8:44pm
Quoting LizardGizzard
Ah, the never-ending rookie quest for Holy grail indicator settings. Always amusing.


Amen to that. Indicators are lame.


charts are fun and actually learning how to read them
  • #8,789
  • Jun 23, 2008 8:49pm Jun 23, 2008 8:49pm
Quoting steelhead
Amen to that. Indicators are lame.
charts are fun and actually learning how to read them
Hey Steelhead - are you preparing to go long or short if you mind me asking?
  • #8,790
  • Jun 23, 2008 8:56pm Jun 23, 2008 8:56pm
Quoting steelhead
Amen to that. Indicators are lame.


charts are fun and actually learning how to read them
They make your charts look pretty.
  • #8,791
  • Jun 23, 2008 9:01pm Jun 23, 2008 9:01pm
Well, everyone is different, but I find after 10 years of trading that indicators are all worthless except for MACD divergence as a POSSIBLE indication of trend change. That's it.
There's always money in the banana stand.
  • #8,792
  • Jun 23, 2008 9:06pm Jun 23, 2008 9:06pm
Quoting dwildes
Hey Steelhead - are you preparing to go long or short if you mind me asking?

Dwildes have to wait and see what happens in london session. I could go either way.
  • #8,793
  • Jun 23, 2008 9:09pm Jun 23, 2008 9:09pm
Quoting steelhead
Dwildes have to wait and see what happens in london session. I could go either way.
Appreciate it!
  • #8,794
  • Jun 23, 2008 9:18pm Jun 23, 2008 9:18pm
Bingo twice....... 20 on the yen and 20 on the eur.......
The Dove - Forex Trainer
  • #8,795
  • Jun 23, 2008 9:27pm Jun 23, 2008 9:27pm
Well done on euro, I am still holding longs from this morning 1.5490s and hope to exit at 1.5600 if my stop doesn't get hit.

Quoting dove_alliance
Bingo twice....... 20 on the yen and 20 on the eur.......
  • #8,796
  • Jun 23, 2008 9:27pm Jun 23, 2008 9:27pm
i hear that got in at the 95 and closed at the 18.....going to be a very fun evening here Dana......looks like that 1 hour, 2hour show up up and lets see if we can take out the para at the daily at 108.50....then some smooth sailing to 109 area.....but if not will get those scalps......love watching this screen...

Quoting dove_alliance
Bingo twice....... 20 on the yen and 20 on the eur.......
  • #8,797
  • Jun 23, 2008 9:30pm Jun 23, 2008 9:30pm
Quoting Mrpipmaster
i hear that got in at the 95 and closed at the 18.....going to be a very fun evening here Dana......looks like that 1 hour, 2hour show up up and lets see if we can take out the para at the daily at 108.50....then some smooth sailing to 109 area.....but if not will get those scalps......love watching this screen...
Smiling - I bet you do....... The two hour is showing the R2 so we will see.
The Dove - Forex Trainer
  • #8,798
  • Jun 23, 2008 9:41pm Jun 23, 2008 9:41pm
I like for everyone understand how indicators will place you exactly where you need to be....... On April 17th an indicator of my showed the up trend to be long term and I placed a trade in at that time and my entry was at the 101.81 and I am still in this trade and I will close it at the 110.00....... This does not count the pips I make daily off the trend......
The Dove - Forex Trainer
  • #8,799
  • Jun 23, 2008 9:47pm Jun 23, 2008 9:47pm
Dove, I'm not trying to downplay your own use of indicators in your trading success. Just that most newbies in the first year or three of trading are constantly on that quest (I was too) and don't realize that trading has a lot less to do with indicator settings than money management and proper stops. Its something that is constantly hammered home but never fully realized until one has a oneness with market price movements. For me, I can trade absolutely without them and my own experience is that they are unnecessary. No offense to you, Dove, as they may be an integral part of your plan , I just don't want newbies to be at all misled that any indicator setting will ever lead to their own success. Also, your own or my own indicator setting may work for US, but never for others. Cheers. And happy trading to everyone.

-Liz
There's always money in the banana stand.
  • #8,800
  • Jun 23, 2008 9:48pm Jun 23, 2008 9:48pm
Quoting dove_alliance
I like for everyone understand how indicators will place you exactly where you need to be....... On April 17th an indicator of my showed the up trend to be long term and I placed a trade in at that time and my entry was at the 101.81 and I am still in this trade and I will close it at the 110.00....... This does not count the pips I make daily off the trend......

I would like to show everyone how indicators can get you on the wrongside of the trade. They are lagging and don't give you a true picture of what is really going on behind price action.


Dove I can show you many examples where indicators fail badly. They aint worth a whole lot. That is why folks go looking for the newest greatest indicators cause there old ones work for a bit then fail them.
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