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USD/JPY Discussion

  • #9,581
  • Jun 30, 2008 8:31pm Jun 30, 2008 8:31pm
Quoting Mrpipmaster
That good Dana you got me by 2 pips entered at the 106.04 looking for the R1 at or around 77...you must have some really good indicators....
smiling - just following the momentum......
The Dove - Forex Trainer
  • #9,582
  • Jun 30, 2008 8:33pm Jun 30, 2008 8:33pm
Quoting bristolxyz
Took profit at 106.36 for 26 pips.
I'm kind of slow..
That is OK you did a good job - you will learn as time goes on how to read those pivots......
The Dove - Forex Trainer
  • #9,583
  • Jun 30, 2008 8:34pm Jun 30, 2008 8:34pm
At this point I would pretty much say that the central pivot has been busted......

I'm still in and the R1 is the target......
The Dove - Forex Trainer
  • #9,584
  • Jun 30, 2008 8:37pm Jun 30, 2008 8:37pm
The eur/jpy is still having its issues....... next hour should do it though......
The Dove - Forex Trainer
  • #9,585
  • Jun 30, 2008 8:43pm Jun 30, 2008 8:43pm
Quoting dove_alliance
At this point I would pretty much say that the central pivot has been busted......

I'm still in and the R1 is the target......
Which level is the R1 now???
  • #9,586
  • Jun 30, 2008 8:50pm Jun 30, 2008 8:50pm
Quoting ehcydotcom
Which level is the R1 now???
106.77
The Dove - Forex Trainer
  • #9,587
  • Jun 30, 2008 8:52pm Jun 30, 2008 8:52pm
We still got 10 minutes on this 1 hour candle........ smiling..... And I sure don't like this retrace........ Maybe I spoke too soon. We will know on top of the hour.
The Dove - Forex Trainer
  • #9,588
  • Jun 30, 2008 9:11pm Jun 30, 2008 9:11pm
NORTH STILL
There's always money in the banana stand.
  • #9,589
  • Jun 30, 2008 9:11pm Jun 30, 2008 9:11pm
i took the 28 pips and will wait for the dip for another scalp with the 2m chart..reentered at the 20 again...like to see the 70's tonight..but will scalp for mine tonight....


Quoting dove_alliance
We still got 10 minutes on this 1 hour candle........ smiling..... And I sure don't like this retrace........ Maybe I spoke too soon. We will know on top of the hour.
  • #9,590
  • Jun 30, 2008 9:13pm Jun 30, 2008 9:13pm
Quoting Mrpipmaster
i took the 28 pips and will wait for the dip for another scalp with the 2m chart..reentered at the 20 again...like to see the 70's tonight..but will scalp for mine tonight....
Sounds good Billy ----- I'm still in.
The Dove - Forex Trainer
  • #9,591
  • Jun 30, 2008 9:28pm Jun 30, 2008 9:28pm
Hey, I believe in SHS
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  • #9,592
  • Jun 30, 2008 9:41pm Jun 30, 2008 9:41pm
Quoting pepbullish
Hey, I believe in SHS
Attachment
Smiling - we will see - We got a flip-flop for right now...... the 20 was a resistance and now it is a support.....
The Dove - Forex Trainer
  • #9,593
  • Jun 30, 2008 9:45pm Jun 30, 2008 9:45pm
The eur/jpy is still going sideways and having problems getting above its central pivot....... So, we may be here for awhile.
The Dove - Forex Trainer
  • #9,594
  • Jun 30, 2008 9:52pm Jun 30, 2008 9:52pm
I was looking at the London session and the announcements seems to be unproductive for some good pips....... any comments of that.
The Dove - Forex Trainer
  • #9,595
  • Jun 30, 2008 9:53pm Jun 30, 2008 9:53pm
USD/JPY on a 2hr and weekly. On the 2hr both major forks ( blue and green) were broken, as well as the downward forks (yellow and pink). I'm bearish short term and long term. check the weekly too.
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  • #9,596
  • Jun 30, 2008 9:56pm Jun 30, 2008 9:56pm
I'm going to take profit and wait for London........
The Dove - Forex Trainer
  • #9,597
  • Jun 30, 2008 9:58pm Jun 30, 2008 9:58pm
Quoting dove_alliance
The eur/jpy is still going sideways and having problems getting above its central pivot....... So, we may be here for awhile.

I beg to differ, but this pair is by no means moving sideways.

It is clearly moving in "BEAUTIFUL" waves. Take this opportunity to see how some pairs clearly move in waves.

Maybe the Elliot Wave heory has indeed something to teach us.

Price maybe trying to break this desc. channel or getting a bounce to go back down... But by no means it's moving sideways.

Cheers and happy trading.
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  • #9,598
  • Jun 30, 2008 10:04pm Jun 30, 2008 10:04pm
Quoting jupiter_peak
I beg to differ, but this pair is by no means moving sideways.

It is clearly moving in "BEAUTIFUL" waves. Take this opportunity to see how some pairs clearly move in waves.

Maybe the Elliot Wave heory has indeed something to teach us.

Price maybe trying to break this desc. channel or getting a bounce to go back down... But by no means it's moving sideways.

Cheers and happy trading.
I'm afraid not my friend...... for the last 12 hours it has been moving in a 15 pips channel and if that's not sideways then I don't know what it is........ How long have you been trading this pair?
The Dove - Forex Trainer
  • #9,599
  • Jun 30, 2008 10:15pm Jun 30, 2008 10:15pm
Quoting dove_alliance
I'm afraid not my friend...... for the last 12 hours it has been moving in a 15 pips channel and if that's not sideways then I don't know what it is........ How long have you been trading this pair?

Hey my friend,

Don't just jump out of your chair. I have been trading longer than you might think. Don't need to compete with no one because I am too old for this.. So just chill.

Just take the opportunity to have a wider look. I believe you could be short sighted. Take the opportunity to see somethingg from a different perspective. Maybe go back to observing some theories (like the Elliot wave theory) that might be contarditory to some and not so to others.

So as you say, price is moving neither way, use your time wisely.

Besides, price can only move two ways... Either up or down. Simple.

Cheers and have a beer.
  • #9,600
  • Edited 10:30pm Jun 30, 2008 10:17pm | Edited 10:30pm
Based on that the bearish divergence is forming in the 30M chart, some dips will be expected for the next coming hours. Also note that the price is just below the Tenkan-line in the 1H chart, and the Kijyun-line has started pointing downward a bit, which shows that the there are a little more sellers than buyers at this level.

http://www.forexfactory.com/attachme...1&d=1214881755
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