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USD/JPY Discussion

  • #8,841
  • Jun 24, 2008 12:19am Jun 24, 2008 12:19am
Quoting steelhead
Besides I have a trade journal on here that i post the trades i am looking at for the week.

You can always go and check it out. Steelheads trade journal
I just went and read through it. However, it really doesn't help others. It is just a place for you to talk about your trades. Why not share with people what your decision process is so they can learn and possibly get better at trading?
  • #8,842
  • Jun 24, 2008 12:22am Jun 24, 2008 12:22am
Quoting magnumfreak
Now that I agree with!

If you draw enough lines on a chart it HAS to hit some of them eventually. LOL!
True. I normally wait for all 29 of my moving averages to cross, the Slow K and Macd to cross, Fibo break, trendline break, and for my dog to spin around in 3 perfect circles before I trade. LOL! Works Everytime!
  • #8,843
  • Jun 24, 2008 12:26am Jun 24, 2008 12:26am
Quoting trader07
True. I normally wait for all 29 of my moving averages to cross, the Slow K and Macd to cross, Fibo break, trendline break, and for my dog to spin around in 3 perfect circles before I trade. LOL! Works Everytime!
Yea, I got 150 indicators on my charts and I wait until they all cover up a candle and then I enter a trade........... smiling...........
The Dove - Forex Trainer
  • #8,844
  • Jun 24, 2008 12:27am Jun 24, 2008 12:27am
Quoting trader07
True. I normally wait for all 29 of my moving averages to cross, the Slow K and Macd to cross, Fibo break, trendline break, and for my dog to spin around in 3 perfect circles before I trade. LOL! Works Everytime!


I used to use that system, works great. Now I just call the Vatican once a day and get the Pope's opinion. I figure he has to be better connected than most of us. I call it the Popalcator.
  • #8,845
  • Jun 24, 2008 12:28am Jun 24, 2008 12:28am
Quoting trader07
...and for my dog to spin around in 3 perfect circles before I trade.
Clockwise = long; counter-clockwise = short?
  • #8,846
  • Jun 24, 2008 12:31am Jun 24, 2008 12:31am
Quoting magnumfreak


I used to use that system, works great. Now I just call the Vatican once a day and get the Pope's opinion. I figure he has to be better connected than most of us. I call it the Popalcator.
LOL!
  • #8,847
  • Jun 24, 2008 12:32am Jun 24, 2008 12:32am
Quoting opie999
Clockwise = long; counter-clockwise = short?
Exactly.
  • #8,848
  • Jun 24, 2008 12:39am Jun 24, 2008 12:39am
Keep in mind that the indicators don't move the market. They are based on past price. As traders our focus should be on what moves the market.
  • #8,849
  • Jun 24, 2008 12:48am Jun 24, 2008 12:48am
Quoting nwsuccess
Keep in mind that the indicators don't move the market. They are based on past price. As traders our focus should be on what moves the market.
Even PA is based on the past, it does not tell you the future (everyone would be billionaires if it did). It does tell you the general market sentiment here and now which is what makes it so powerful.

Indicators also measure market sentiment, just in other ways.

It's not about the price, it's about the collective behaviour of buyers and sellers that move the price.
  • #8,850
  • Jun 24, 2008 12:51am Jun 24, 2008 12:51am
Quoting nwsuccess
Keep in mind that the indicators don't move the market. They are based on past price. As traders our focus should be on what moves the market.
What moves the market??????

There is over 2 trillion dollars goes through this market every single day...... Now..... If every trader was to place a one lot of a $1 bill: how many traders would it take to move this market........ I don't think so........ Bankers of the world moves this market...... So, how do we focus on the bankers?
The Dove - Forex Trainer
  • #8,851
  • Jun 24, 2008 12:56am Jun 24, 2008 12:56am
5 more minutes so keep an eye on your trade........
The Dove - Forex Trainer
  • #8,852
  • Jun 24, 2008 1:21am Jun 24, 2008 1:21am
Quoting dove_alliance
What moves the market??????

There is over 2 trillion dollars goes through this market every single day...... Now..... If every trader was to place a one lot of a $1 bill: how many traders would it take to move this market........ I don't think so........ Bankers of the world moves this market...... So, how do we focus on the bankers?
So how do we do that?
  • #8,853
  • Jun 24, 2008 1:33am Jun 24, 2008 1:33am
Quoting anyhowtrade
So how do we do that?
I don't know.... but one thing I do know is I really enjoy gathering these pips on the eur....... the ones that the bank in London decided to go after........
The Dove - Forex Trainer
  • #8,854
  • Jun 24, 2008 1:41am Jun 24, 2008 1:41am
Quoting dove_alliance
I don't know.... but one thing I do know is I really enjoy gathering these pips on the eur....... the ones that the bank in London decided to go after........
Nice one Dove - I'll have to set my alarm an hour earlier......
Trading Levels with WRBs
  • #8,855
  • Jun 24, 2008 1:46am Jun 24, 2008 1:46am
Quoting Islander
Nice one Dove - I'll have to set my alarm an hour earlier......
I gave everyone heads up an hour earlier of the announcement and then 5 minute before the announcement I gave another heads up.........
The Dove - Forex Trainer
  • #8,856
  • Jun 24, 2008 1:54am Jun 24, 2008 1:54am
the USD/JPY is going up.......WOULD IT BREAK THE 108,50 THIS TIME...
in the hourly chart i think its a overbought .....but who knows...
pip and run ....
  • #8,857
  • Jun 24, 2008 2:10am Jun 24, 2008 2:10am
Quoting pipo77
the USD/JPY is going up.......WOULD IT BREAK THE 108,50 THIS TIME...
in the hourly chart i think its a overbought .....but who knows...

hope you're right pipo.... I'm long from 108.... but too overbought for my taste
  • #8,858
  • Jun 24, 2008 2:15am Jun 24, 2008 2:15am
Quoting Sole
hope you're right pipo.... I'm long from 108.... but too overbought for my taste
be careful ,it tried to break it so many time in the past 2 weeks , it couldn't...am not sure about this time....
pip and run ....
  • #8,859
  • Jun 24, 2008 2:17am Jun 24, 2008 2:17am
Quoting Sole
hope you're right pipo.... I'm long from 108.... but too overbought for my taste
yes it's i see we can drop to (107.50 - 107.60) and if we dont break supports iam planing to go long...
ps i'll post my chart soon..
  • #8,860
  • Jun 24, 2008 2:19am Jun 24, 2008 2:19am
Quoting pipo77
the USD/JPY is going up.......WOULD IT BREAK THE 108,50 THIS TIME...
in the hourly chart i think its a overbought .....but who knows...
i think we 'll break it on this week..lets wait and see..
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