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USD/JPY Discussion

  • #9,901
  • Jul 6, 2008 9:35pm Jul 6, 2008 9:35pm
Quoting Pip2It
Not really sure why mu post keeps getting repeated!

My apologies!
No problem.....
The Dove - Forex Trainer
  • #9,902
  • Jul 6, 2008 9:58pm Jul 6, 2008 9:58pm
Mr dove I think gbp/jpy is pretty overbought, wish push uj up or down consecuently, but do you think it will reach 108 tonight? I don't think so, not before newyork I think
The Chonchy
  • #9,903
  • Jul 6, 2008 9:59pm Jul 6, 2008 9:59pm
There is no power me think
The Chonchy
  • #9,904
  • Jul 6, 2008 10:01pm Jul 6, 2008 10:01pm
then againg as I speak, I have no pacience, I need Karmo's pills
The Chonchy
  • #9,905
  • Jul 6, 2008 11:15pm Jul 6, 2008 11:15pm
Looks like the FF had problems tonight.......
The Dove - Forex Trainer
  • #9,906
  • Jul 6, 2008 11:16pm Jul 6, 2008 11:16pm
Quoting chonchy
Mr dove I think gbp/jpy is pretty overbought, wish push uj up or down consecuently, but do you think it will reach 108 tonight? I don't think so, not before newyork I think
Nope - not tonight - it just now got to the bottom of the trend line....... Maybe 107.50 by later today......
The Dove - Forex Trainer
  • #9,907
  • Jul 6, 2008 11:16pm Jul 6, 2008 11:16pm
any open positions dove?
  • #9,908
  • Jul 6, 2008 11:17pm Jul 6, 2008 11:17pm
Dove, I am still comparing different pivot points calculations...

Right now USD/JPY paused after a strong move, and it is stuck at 107.30 which is the daily R3 based on my method, i.e. Friday 16:59:59EST close @106.70 and the formula for R3 that matches R1 and R2 math. {R3 = PP + 3*(High-Low)}
"Luxury is one of the basic needs", (c), Don Corleone
  • #9,909
  • Jul 6, 2008 11:18pm Jul 6, 2008 11:18pm
Quoting Firstboss
Dove, I am still comparing different pivot points calculations...

Right now USD/JPY paused after a strong move, and it is stuck at 107.30 which is the daily R3 based on my method, i.e. Friday 16:59:59EST close @106.70 and the formula for R3 that matches R1 and R2 math. {R3 = PP + 3*(High-Low)}
my r3 is 107.18
  • #9,910
  • Jul 6, 2008 11:20pm Jul 6, 2008 11:20pm
Quoting bksujal
my r3 is 107.18
I know - that is according to Dove's method - I am comparing both
"Luxury is one of the basic needs", (c), Don Corleone
  • #9,911
  • Jul 6, 2008 11:21pm Jul 6, 2008 11:21pm
Quoting bksujal
my r3 is 107.18
And That Is correct.......
The Dove - Forex Trainer
  • #9,912
  • Jul 6, 2008 11:24pm Jul 6, 2008 11:24pm
Quoting Firstboss
Dove, I am still comparing different pivot points calculations...

Right now USD/JPY paused after a strong move, and it is stuck at 107.30 which is the daily R3 based on my method, i.e. Friday 16:59:59EST close @106.70 and the formula for R3 that matches R1 and R2 math. {R3 = PP + 3*(High-Low)}
Firstboss, I have no idea what formula you are working unless you got some kind of math calculation and as for Sundays the calculation I get are right on..... Because of the Friday being a holiday you would expect the yen to shallow the pivots.....
The Dove - Forex Trainer
  • #9,913
  • Jul 6, 2008 11:33pm Jul 6, 2008 11:33pm
Firstboss, there is no way you can come up with the R3 being 107.30 with the high and low for Friday even using the close at 106.70........


One other thing - the AccuCharts ran up to 17:00 Friday so they are right on this week......
The Dove - Forex Trainer
  • #9,914
  • Jul 6, 2008 11:35pm Jul 6, 2008 11:35pm
Am out....good 40 pips
but am not sure that it would reach the 108, just like the last 2 weeks...am waiting for the down trend now...but who the hell knows....let's pip the crap out of U/J.....best luck to all....
pip and run ....
  • #9,915
  • Jul 6, 2008 11:39pm Jul 6, 2008 11:39pm
Dove,
there are several commonly used formulas (and a bunch of less commonly used ones)
the formulas you have in that pivot point calculator are:

PP = (Hi+Lo+Cls)/3
R1 = 2*PP-L
R2 = PP+(Hi-Lo)
R3 = Hi+2*(PP-Lo)

The difference with my calculation is only in R3 and S3:

R3 = PP+2*(Hi-Lo)

The whole point of this discussion is that it looks to me like pivots from different methods create stops in price action as long as at least some of the market makers use them.
"Luxury is one of the basic needs", (c), Don Corleone
  • #9,916
  • Jul 6, 2008 11:41pm Jul 6, 2008 11:41pm
Quoting bksujal
any open positions dove?
I got an open with the yen ridding it to the 50.......

Oh - by the way - I did closed a eur at the S2 5621 in which it hit perfectly......
The Dove - Forex Trainer
  • #9,917
  • Jul 6, 2008 11:43pm Jul 6, 2008 11:43pm
Quoting Firstboss
Dove,
there are several commonly used formulas (and a bunch of less commonly used ones)
the formulas you have in that pivot point calculator are:

PP = (Hi+Lo+Cls)/3
R1 = 2*PP-L
R2 = PP+(Hi-Lo)
R3 = Hi+2*(PP-Lo)

The difference with my calculation is only in R3 and S3:

R3 = PP+2*(Hi-Lo)

The whole point of this discussion is that it looks to me like pivots from different methods create stops in price action as long as at least some of the market makers use them.
I understand - but for the sake of traders that are just beginning to understand the pivots I would just use the standard calculation as every forum and most traders in the world uses......
The Dove - Forex Trainer
  • #9,918
  • Jul 6, 2008 11:48pm Jul 6, 2008 11:48pm
Dove I think we are going to see 108, what do you say? by the way congrats on the prediction 107.50 you where right on the spot as usual
The Chonchy
  • #9,919
  • Jul 6, 2008 11:49pm Jul 6, 2008 11:49pm
hey .50 hit and my target too out at 20 pips
  • #9,920
  • Jul 6, 2008 11:50pm Jul 6, 2008 11:50pm
Firstboss - you take the e/u and calculate as I do every Sunday and you will notice how accurate the pivots are....... I closed earlier at the S1 and got back in after the retrace and close again at the S2........ And - smiling - its acting like it wants to go too the R3...... I will be in if it does......
The Dove - Forex Trainer
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