USD/JPY Discussion

Hi Dove, did you miss the pips after Ben spoke?

UJ currently at 107.40ish is at longterm 62% fib resistance of fall from late december high of 114.60 to March low of 95.70.

2 hr chart shows a nice bounce and pullback from 79% fib of Mondays Hi/Low, and just breached the M3 before consolidating pulling back to current level which is strong support and 62% short and longterm fib convergence.

I'm looking for a retrace to a'rd the 50% level and waiting to see where new pivots come in at 5pm, with a small open short on both UJ and EJ until that, and then watching for the climb back up. Might need Asia to weigh in first tho.

Lots can happen. We shall see...

http://bp2.blogger.com/_nmIuQsC9b-Q/...r++usd+JPY.png

Yep - I missed them...... I slept through it all ..... smiling.

The E/J getting ready for the short......

Dove, I saw you chased down those 5 pips that got away and put them where they belong...

... and done. in at the 20.

Smiling - I couldn't let them get away.......

Just realized paulson is speaking, and dow seems to like it, spiking up. this may mess with my timing...

The E/J looks like it is nearing the bottom of the BBands...

what TF's are you looking at, and what is your setting?

20M chart of E/J with BBands set at 12
10M and under charts set BB at 15

He's looking at the short term I believe......

We do have the BB regulated in a channel on the 30 with the lower band just below the PP at the .09

10 Min and 20 Min charts

I went ahead and took a couple pips and wait until after 17:00.....

Looks like today we will see a close of a daily candle above the bottom line of a daily up chanel.

I am still very confused about PP's and HLC at the end of the day. I am so lost with this stuff, I have the settings in accucharts as I left them yesterday, so if I add Pivots within accucharts, the proper HLC should be shown in the config for them, right?

Bristol

Bristol,
If you select the "+" tool button (top panel, between the arrow and hand tools) and click on any candle it will show you HLC, PP's and the values of any other indicators you might have set up - all for that candle. That's the quickest way to check.
And yes, whatever configuration you saved last time will be active until you change it.

Here is what I have:

Open: 107.16 (yesterdays close)
H 107.52
L 106.24
C 107.43

That calculates to the following pivots on 20M chart U/J:

PP 107.06
S1 106.61
S2 105.78
R1 107.89
R2 108.34

Could someone check my "work"