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USD/JPY Discussion

  • #9,981
  • Jul 7, 2008 3:00pm Jul 7, 2008 3:00pm
Quoting Trader KGB
QuoteTracker has it built in. And as far as ECN auto-pivots go, with a true 17:00 Friday close and no Sunday pre-session.. I'll just let the chart do the talking..
Very interesting - Your pivots, except for the R4, is very, very close to mine...... I wonder why.
The Dove - Forex Trainer
  • #9,982
  • Jul 7, 2008 3:07pm Jul 7, 2008 3:07pm
Same thing on the eur/usd...... Calculation of pivots for Sunday is right on..... It hit the R2 bounce to the R1 and then bounce back to the R2 and then bounce clear up to the M4.......
The Dove - Forex Trainer
  • #9,983
  • Jul 7, 2008 3:08pm Jul 7, 2008 3:08pm
Hi Dove
How are you? Hope things going good for you. Could you please tell how you calculated pivots for Sunday? tank you very much

Quoting dove_alliance
Same thing on the eur/usd...... Calculation of pivots for Sunday is right on..... It hit the R2 bounce to the R1 and then bounce back to the R2 and then bounce clear up to the M4.......
BANDA333
  • #9,984
  • Jul 7, 2008 3:10pm Jul 7, 2008 3:10pm
Quoting BANDA
Hi Dove
How are you? Hope things going good for you. Could you please tell how you calculated pivots for Sunday? tank you very much
Take the high and low for Friday and then use the 17:00 ET close candle on Sunday.....
The Dove - Forex Trainer
  • #9,985
  • Jul 7, 2008 3:12pm Jul 7, 2008 3:12pm
Thank you very much Dove

Quoting dove_alliance
Take the high and low for Friday and then use the 17:00 ET close candle on Sunday.....
BANDA333
  • #9,986
  • Jul 7, 2008 3:14pm Jul 7, 2008 3:14pm
Quoting dove_alliance
Very interesting - Your pivots, except for the R4, is very, very close to mine...... I wonder why.
Mr.Dove...are you using the PIVOT indicator to figure out the pivots ...???
pip and run ....
  • #9,987
  • Jul 7, 2008 3:17pm Jul 7, 2008 3:17pm
Quoting pipo77
Mr.Dove...are you using the PIVOT indicator to figure out the pivots ...???
I'm not that smart....... smiling - yes......
The Dove - Forex Trainer
  • #9,988
  • Jul 7, 2008 3:21pm Jul 7, 2008 3:21pm
Quoting dove_alliance
I'm not that smart....... smiling - yes......

lol...i didn't mean that...you are funny....
pip and run ....
  • #9,989
  • Jul 7, 2008 3:41pm Jul 7, 2008 3:41pm
Looking bearish for now though price did bounce for a trendline and found the buyers. Also price found at that point buyers from our 38.2 fibb....

The reason its lookingbearish is since price boroke the intraday levels 61.87 fiib( green fibb) Now price is finding resistance at swing fibb bearish swing...

Attached Image
  • #9,990
  • Jul 7, 2008 3:47pm Jul 7, 2008 3:47pm
Quoting dove_alliance
For those who understand the fibo and also ranging within pivots, then place a fibo on the daily from the resistance of 108.57 on the June 16th candle to the low of 104.98 on the June 20th candle....... using only the 61.8% - the 50% and the 38.2% lines....... And you more than likely will see which way it is going........ My calculations is the 108.57 will be busted here soon...... This is only my 2 cents worth.......
Dove,

Can you give an explanation of the markers on the fibo, and how you use them to YOUR advantage? (readers digest version)
Best regards,
Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,991
  • Jul 7, 2008 4:31pm Jul 7, 2008 4:31pm
Quoting bristolxyz
Dove,

Can you give an explanation of the markers on the fibo, and how you use them to YOUR advantage? (readers digest version)
Best regards,
Bristol
OK - This is done on the daily chart because that is the trend we look at on a daily bases.

Once the trend is broken and starts the other way I then mark that high in the trend, and in this scenario, the 108.57 is the high and also becomes the resistance. I then wait for the bottom of the trend to be broken or bounce off of...... In this scenario, it broke the trend line. When that happened the low at that time was 105.85

That is when I first place my Fibo...... from high to low.

Two days later it broke that low and a new low came into existence which was, and still is, 104.98......

Now - if the 50% was not broken and retraced off that line and continue below the 38.2%, then you could had depended on this not returning to the original up trend. But - it did continue up pass the 50% and is now on its way to the resistance and hopefully the 110 will become a reality...........

Hopefully that explains the scenario for you......


By the way the 61.8% is used visa-versa......
The Dove - Forex Trainer
  • #9,992
  • Jul 7, 2008 4:39pm Jul 7, 2008 4:39pm
You will also notice that on the second day of the low the candle did bounce off of the 38.2% and if that had continued on down that too would had represent the end of the up trend....... But - thankful for the BB..... it stopped its journey on the down side...... I just love it when indicators does exactly what it suppose to do......
The Dove - Forex Trainer
  • #9,993
  • Jul 7, 2008 4:51pm Jul 7, 2008 4:51pm
Dove,

Thanks a lot, that helps a lot.
I'm still trading my demo acct most of the time, and doing some small trades in my live account, but am lacking in confidence to trade the technicals exclusively in my live acct. I'm almost there.

Until I am very confident and have it all mapped out and practice, I'm going to stay out of my live acct so much. Still nicely ahead tho..

Thanks for your help.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,994
  • Jul 7, 2008 5:05pm Jul 7, 2008 5:05pm
Yesterday's high is 107.73 and the R1 is 107.71 - Yesterday's low is 106.65 and the S1 is 106.63........
The Dove - Forex Trainer
  • #9,995
  • Jul 7, 2008 5:06pm Jul 7, 2008 5:06pm
With those numbers I would say it is ranging pretty good......
The Dove - Forex Trainer
  • #9,996
  • Jul 7, 2008 5:12pm Jul 7, 2008 5:12pm
Dove,

I get the following for today at 5PM:

H 107.76
L 106.63
C 107.61

Here is my 20 Minuite chart with fibo and Pivots, am I off base somehow?

Regards,
Bristol
Attached Image (click to enlarge)
Click to Enlarge Name: Chart7-7-08.jpg Size: 213 KB
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,997
  • Jul 7, 2008 5:25pm Jul 7, 2008 5:25pm
Quoting bristolxyz
Dove,

I get the following for today at 5PM:

H 107.76
L 106.63
C 107.61

Here is my 20 Minuite chart with fibo and Pivots, am I off base somehow?

Regards,
Bristol
Using the AccuCharts you should have exactly what I have on the numbers for high and low given up above this post...... The close is 107.16
The Dove - Forex Trainer
  • #9,998
  • Jul 7, 2008 5:30pm Jul 7, 2008 5:30pm
I ma using accucharts, but cannot understand why I get different pivots, here are screeen shots of my config:
Attached Image (click to enlarge)
Click to Enlarge Name: AccuConfig.jpg Size: 99 KB
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,999
  • Jul 7, 2008 5:35pm Jul 7, 2008 5:35pm
Quoting bristolxyz
I ma using accucharts, but cannot understand why I get different pivots, here are screeen shots of my config:
bristol, check your time setting on lower right corner, it will say GMT, LOCAL, or Custom. If it is set to local, then it goes by 24 hr military time, and your 05:00 start time is 5AM in the morning at whatever time zone your pc is set to. PM me you'd like.
FUBAR...
  • #10,000
  • Jul 7, 2008 5:46pm Jul 7, 2008 5:46pm
UJ daily pivots w/ HLC from 5pm EST
Attached Image
FUBAR...
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