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USD/JPY Discussion

  • #9,521
  • Jun 30, 2008 1:28pm Jun 30, 2008 1:28pm
Quoting LizardGizzard
What's so special about 103.50?
Fib 0.786 on wkly chart.
  • #9,522
  • Jun 30, 2008 1:32pm Jun 30, 2008 1:32pm
Oh you're trading weekly. I'm trading 4Hr and less, so there stand to be some decent gains unless 105 breaks. If so, I'll be shorter than Webster.
There's always money in the banana stand.
  • #9,523
  • Jun 30, 2008 1:32pm Jun 30, 2008 1:32pm
Acidguy,

You seem to have your mind made up that the US economy is going to implode. Is there a specific reason why? Did you measure all the fundemental data from previous downturns in the market? Didn't things improve then?



Why all the doom and gloom?

Reminds me of a song...

GLOOM, DESPAIR AND AGONY ON ME
From the TV Show "Hee-Haw" (1969 -1992)

Buck Owens & Roy Clark


Gloom, despair, and agony on me
Deep, dark depression, excessive misery
If it weren't for bad luck, I'd have no luck at all
Gloom, despair, and agony on me

We figured she was rich, loaded to the hilt
And we figured she had class like the Vanderbilts
'Cause we had heard for years how she was so well reared
How was we to know they meant the way she was built

Gloom, despair, and agony on me
Deep, dark depression, excessive misery
If it weren't for bad luck, I'd have no luck at all
Gloom, despair, and agony on me


(Transcribed by Mel Priddle - November 2005)
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,524
  • Edited 1:58pm Jun 30, 2008 1:47pm | Edited 1:58pm
Quoting Firstboss
Dove, that was a very nice call! Just touched 106.17. The sceptics should really appreciate it!
I appreciate that and I don't know how many traveled the journey with me but those who did, congratulation on all those pips you collected....... Had to go bed but before I did, had my profit set at the 106.17 and naturally, my 3 pip profit for the stop......

EDIT:
For those who are curious, my profit on that move was 76 pips
The Dove - Forex Trainer
  • #9,525
  • Jun 30, 2008 1:49pm Jun 30, 2008 1:49pm
Quoting Mrpipmaster
Come on Dana and do you expect it anyother way!!...nice start to the week...bagged alot of pips.....see you at the top....
Smiling - Real good week so far with almost 400 pips since the opening of yesterday.......
The Dove - Forex Trainer
  • #9,526
  • Jun 30, 2008 1:52pm Jun 30, 2008 1:52pm
Quoting bristolxyz
What does it mean when the SLOW_K meets the High Base Indicator on the Stoch? Does it indicate a change in trend?
when it gets past 80 you pretty much can depend it to be over on the up side and visa-versa on the 20...... When it gets below the the 80 you can pretty much depend on it to travel down and visa-versa on the 20..... BUT to be sure of these movements that is why I have the PDI-MDI FOR VERIVICATION.
The Dove - Forex Trainer
  • #9,527
  • Jun 30, 2008 1:54pm Jun 30, 2008 1:54pm
Thanks Dove.

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,528
  • Jun 30, 2008 2:16pm Jun 30, 2008 2:16pm
I usually don't give out the answers unless someone ask the question..... I was asked what my thoughts were on the target and I told him what it was.... Any of the traders on this thread that knows me knows also that I will not give a call unless I'm pretty certain it will come about...... I will give my opinion on a situation but I will not give target or profit taking If my opinion is only that......

Like this morning, my indicators said down but long term said wait during the consolidation until a certain support was broken and when it was, I was in it for the ride.... After the down. my indicators showed the move going back up, and the rest is history...... I call that one because I believe in what I see and not what someone thinks......

But why the central pivot and not the daily pivot......? Because the central pivot was first in the firing target before the daily and the central pivot is always stronger than the daily on both sides of the support and resistance....... That is why.
The Dove - Forex Trainer
  • #9,529
  • Jun 30, 2008 2:23pm Jun 30, 2008 2:23pm
Quoting dove_alliance

But why the central pivot and not the daily pivot......? Because the central pivot was first in the firing target before the daily and the central pivot is always stronger than the daily on both sides of the support and resistance....... That is why.
I was wondering myself about this.
You were right of course, got in a bit late, but still 65 pip from the move up.
90 pips today
  • #9,530
  • Jun 30, 2008 2:31pm Jun 30, 2008 2:31pm
So you can understand a little about pivots I always work off the 1 hour chart for retraces from the pivots...... In order for the movement to continue from one pivot to the other the candle must first close above the pivot for the up and visa-versa for the down..... Other wise a retrace back to the next pivot.... I should say previous pivot.....
The Dove - Forex Trainer
  • #9,531
  • Jun 30, 2008 2:35pm Jun 30, 2008 2:35pm
DOve,

Where are you geting your piviots? I know the formula, also there are several sites that calculate them, but exactly how are you getting them?
Are these places that calculate piviots reliable?
Also, FX Accucharts has a place to view them... or are you calculating them yourself?
Inquiring minds....

For instance:

http://www.actionforex.com/technical...-200603215755/

Best regards,

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,532
  • Jun 30, 2008 2:40pm Jun 30, 2008 2:40pm
Quoting bristolxyz
DOve,

Where are you geting your piviots? I know the formula, also there are several sites that calculate them, but exactly how are you getting them?
Are these places that calculate piviots reliable?
Also, FX Accucharts has a place to view them... or are you calculating them yourself?
Inquiring minds....

For instance:

http://www.actionforex.com/technical...-200603215755/

Best regards,

Bristol
Pivots are calculated at 17:00 ET every day....... On the daily chart the previous day candle will show the high, the low, and the closing and that is the calculation of the pivots....... This is done every day except Sunday, and even though there are those who do not agree, I calculate Sunday differently because of the day off on Saturdays...... I have been doing it this way for many years and have always been right on for the pivots......
The Dove - Forex Trainer
  • #9,533
  • Jun 30, 2008 2:55pm Jun 30, 2008 2:55pm
Quoting judokamak
I was wondering myself about this.
You were right of course, got in a bit late, but still 65 pip from the move up.
90 pips today
That was a good job, especially for seeing it.......
The Dove - Forex Trainer
  • #9,534
  • Jun 30, 2008 3:47pm Jun 30, 2008 3:47pm
Quoting dove_alliance
I don't know how many traveled the journey with me but those who did, congratulation on all those pips you collected
I was in since 105.75 -logged in and saw the situation too late.
At the same time got burnt by USD/CAD - it flew up in a matter of min utes breaking all the pivots.
"Luxury is one of the basic needs", (c), Don Corleone
  • #9,535
  • Jun 30, 2008 3:57pm Jun 30, 2008 3:57pm
Quoting Firstboss
I was in since 105.75 -logged in and saw the situation too late.
At the same time got burnt by USD/CAD - it flew up in a matter of min utes breaking all the pivots.
Smiling - that must of happened during the USD announcement ...... Favorable for the dollar......
The Dove - Forex Trainer
  • #9,536
  • Jun 30, 2008 4:08pm Jun 30, 2008 4:08pm
The central pivot moves up 3 pips from yesterday...... from the 17 to 20.......
The Dove - Forex Trainer
  • #9,537
  • Edited 4:44pm Jun 30, 2008 4:24pm | Edited 4:44pm
UJ pivots with daily candle close data from 2100 gmt/ 5pm est. You can copy and save to your desktop for quick reference. These are pivots as calculated by the accucharts pivot tool. Other closing times or broker data may vary some...

PS Just checked these against actionforex daily pivots and they're all within 1 pip today. That is not always the case as sometimes their data or calculation time is off for whatever reasons. After ALOT of comparisons, I have found them generally reliable, but not always so. I offer this observation if you do not accucharts or some other pivot calculator you absolutely trust for your trading style. Beats being completely in the dark.
Attached Image
FUBAR...
  • #9,538
  • Jun 30, 2008 4:43pm Jun 30, 2008 4:43pm
Forgive me in advance for hammering this subject again, but why is it that there is so much difference sometimes in what a broker is reporting?
For instance, on my quote board (in GFT FOREX DEABOOK 360), it reports the following:

Open: 106.18
Daily High : 106.46
Daily Low : 105.96
Close: 106.19

What gives, should'nt it be the same for all?

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,539
  • Jun 30, 2008 4:54pm Jun 30, 2008 4:54pm
Quoting bristolxyz
Forgive me in advance for hammering this subject again, but why is it that there is so much difference sometimes in what a broker is reporting?
For instance, on my quote board (in GFT FOREX DEABOOK 360), it reports the following:

Open: 106.18
Daily High : 106.46
Daily Low : 105.96
Close: 106.19

What gives, should'nt it be the same for all?

Bristol
There are many reasons Bristol - spreads,timezones,bad data ... just to name few.
If you want to be on the same page as Dove,I advise you to get demo account on FxSol,install AccuCharts and then update your pivots calculations everytime when new daily candle pop in
  • #9,540
  • Jun 30, 2008 5:05pm Jun 30, 2008 5:05pm
Here is what I see at the end of the day (in FX ACCUCHARTS)
Does that look like it should?
Once agian, sorry to beat this subject to death.

Regards,

Bristol
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"I spilled spot remover on my dog. He's gone now." - Steven Wright
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