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USD/JPY Discussion

  • #10,281
  • Edited 10:53am Jul 9, 2008 10:24am | Edited 10:53am
Quoting judokamak
I took the same trade, just that i had the TP at PP. Was wondering why you
took the midpoint for your TP?
I used midpoint just to be 100% safe.
When central and daily are spread more than 30 pips apart the midpoint provides additional congestion. The USD/JPY was very reluctant to go down early in the daily session, so it was possible that midpoint would provide enough support.
"Luxury is one of the basic needs", (c), Don Corleone
  • #10,282
  • Jul 9, 2008 10:38am Jul 9, 2008 10:38am
Quoting Firstboss
I used midpoint just to be 100% safe.
When central and daily are spread more than 30 pips apart the midpoint provides additional congestion. The USD/JPY was very reluctant to go down early in the daily session, so it was possible that midpoint provides enough support.
i see, thanks for explanation
  • #10,283
  • Jul 9, 2008 12:41pm Jul 9, 2008 12:41pm
Hi firstboss
I have a question if I may ask.........if central pivot above the daily pivot first you short or what? If possible could please tell how to consider central pivot and daily pivot in entries.........Thank you so much........sorry if this bothering you
Thank you again
BANDA333
  • #10,284
  • Jul 9, 2008 1:01pm Jul 9, 2008 1:01pm
this today's pivot is being a super hero.
but I think it is going to die
  • #10,285
  • Jul 9, 2008 1:29pm Jul 9, 2008 1:29pm
I just love it when the indicators tells me to get in.....
The Dove - Forex Trainer
  • #10,286
  • Jul 9, 2008 1:51pm Jul 9, 2008 1:51pm
I'm still a little lost knowing when to get in.
Are my perceptions correct to assume:

Say I was looking for a breakout to the short side.....

Bollinger Bands
When the bottom band starts to merge with the RED Candles, the upper band turns to the updide, the center band follows the bottom one and crosses the red candles.

PDI / MDI
A breakout tends to occur when the lines cross (I don't know of the difference in the colors and weather they cross and weather their attitude means anything.

Slow_Stoch
What is the significence of the top (Upper level 80%) and bottom. How do you interpret this indicator? It would appear that it would be better to run a Fast and SLOW Stock?

I've read all of the info on
http://stockcharts.com/school/doku.p...stic_oscillato

But still don't get it.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,287
  • Jul 9, 2008 1:51pm Jul 9, 2008 1:51pm
Quoting emda
this today's pivot is being a super hero.
but I think it is going to die
A hero indeed....last strong hold of pips..
pip and run ....
  • #10,288
  • Jul 9, 2008 2:06pm Jul 9, 2008 2:06pm
Quoting BANDA
Hi firstboss
I have a question if I may ask.........if central pivot above the daily pivot first you short or what? If possible could please tell how to consider central pivot and daily pivot in entries.......
The strategy works when the spread between these levels is between 20 and 40 pips.
The best time to play between the daily pivot and central is early in the Asian session. Most of the time the price will consolidate between the two main pivots for 1, 2 or 3 cycles. As long as market doesn't have a strong momentum and doesn't break towards R1 or S1, the price will travel to at least the mid-pivot. The beauty of it is even if you get in and break occurs you still have the best opportunity to exit on retrace with minimal or no loss
"Luxury is one of the basic needs", (c), Don Corleone
  • #10,289
  • Jul 9, 2008 2:07pm Jul 9, 2008 2:07pm
Like I posted yesterday night (ET),

The cross channel (diamond) played like a charm.

Cheers to all.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy_h4_09_07_2008_channel_down_diamond_2.gif Size: 25 KB
  • #10,290
  • Jul 9, 2008 2:09pm Jul 9, 2008 2:09pm
Quoting bristolxyz
I'm still a little lost knowing when to get in.
Are my perceptions correct to assume:

Say I was looking for a breakout to the short side.....

Bollinger Bands
When the bottom band starts to merge with the RED Candles, the upper band turns to the updide, the center band follows the bottom one and crosses the red candles.

PDI / MDI
A breakout tends to occur when the lines cross (I don't know of the difference in the colors and weather they cross and weather their attitude means anything.

Slow_Stoch
What is the significence of the top (Upper level 80%) and bottom. How do you interpret this indicator? It would appear that it would be better to run a Fast and SLOW Stock?

I've read all of the info on
http://stockcharts.com/school/doku.p...stic_oscillato

But still don't get it.
Hello Bristol - you will understand more after this week - end......
The Dove - Forex Trainer
  • #10,291
  • Jul 9, 2008 3:17pm Jul 9, 2008 3:17pm
OK
In the mean time I'm working in my demo accts.

WOW did you see the DOW fall out today? Things started out nice enough, but afternoon went south
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,292
  • Jul 9, 2008 3:24pm Jul 9, 2008 3:24pm
Hi Firstboss
Thank you very much for the explanation , appreciate it
Thank you


Quoting Firstboss
The strategy works when the spread between these levels is between 20 and 40 pips.
The best time to play between the daily pivot and central is early in the Asian session. Most of the time the price will consolidate between the two main pivots for 1, 2 or 3 cycles. As long as market doesn't have a strong momentum and doesn't break towards R1 or S1, the price will travel to at least the mid-pivot. The beauty of it is even if you get in and break occurs you still have the best opportunity to exit on retrace with minimal or no loss
BANDA333
  • #10,293
  • Jul 9, 2008 4:10pm Jul 9, 2008 4:10pm
Quoting dove_alliance
Hello Bristol - you will understand more after this week - end......
Dove, are you putting something together?
  • #10,294
  • Jul 9, 2008 4:28pm Jul 9, 2008 4:28pm
Quoting toppz
dove what do you think is hapening in to EJ and UJ it's kinda irrational, i can't get a good analysis on them now
i finally figured it out and pulled in 60pip on UJ....
dove, u'v been a blessing, hope to learn more from you
  • #10,295
  • Jul 9, 2008 4:30pm Jul 9, 2008 4:30pm
As of right now and this can change the E/J indicates an up - the U/J indicates an up and the E/U indicates a down........ Stay alert....... These movements can come later than sooner......
The Dove - Forex Trainer
  • #10,296
  • Jul 9, 2008 4:37pm Jul 9, 2008 4:37pm
Quoting toppz
i finally figured it out and pulled in 60pip on UJ....
dove, u'v been a blessing, hope to learn more from you
That is very good........ and I thank you......
The Dove - Forex Trainer
  • #10,297
  • Jul 9, 2008 5:06pm Jul 9, 2008 5:06pm
Pivots for today
Attached Images
FUBAR...
  • #10,298
  • Jul 9, 2008 5:09pm Jul 9, 2008 5:09pm
Ok Just for giggles, here is my 5PM Data: Check it for me and if I am good to go, that means I am finally getting an understanding of HLOC and Support and Resistance placement.. here we go: (I did all this BEFORE I saw ak4x's post, so I didn't cheat

O 107.48
H 107.64
L 106.68
C 106.74


PP (Daily Pivot) 107.02
Central Pivot 106.74 ??? (Is this correct)???

S1 106.40
S2 106.06
S3 105.44

R1 107.36
R2 107.98
R3 108.32

Fibo Levels Drawn FROM Low of 106.68 TO High of 107.64

100% = 106.68
61.8% = 107.05
50% = 107.16
38.2% = 107.27
23.6% = 107.41
0% = 107.64


Sopmeone please check my work and see how I did...Do I get the gold star or dunce cap?


Regards,

Bristol

http://www.babble.com/CS/blogs/strol.../Dunce_Cap.jpg
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,299
  • Jul 9, 2008 5:26pm Jul 9, 2008 5:26pm
Quoting bristolxyz
Ok Just for giggles, here is my 5PM Data: Check it for me and if I am good to go, that means I am finally getting an understanding of HLOC and Support and Resistance placement.. here we go: (I did all this BEFORE I saw ak4x's post, so I didn't cheat

O 107.48
H 107.64
L 106.68
C 106.74


PP (Daily Pivot) 107.02
Central Pivot 106.74 ??? (Is this correct)???

S1 106.40
S2 106.06
S3 105.44

R1 107.36
R2 107.98
R3 108.32

Fibo Levels Drawn FROM Low of 106.68 TO High of 107.64

100% = 106.68
61.8% = 107.05
50% = 107.16
38.2% = 107.27
23.6% = 107.41
0% = 107.64


Sopmeone please check my work and see how I did...Do I get the gold star or dunce cap?


Regards,

Bristol
I believe you got the A+

By the way.... The central pivot is correct.....
The Dove - Forex Trainer
  • #10,300
  • Jul 9, 2008 5:31pm Jul 9, 2008 5:31pm
Thanks for checking, I think I now have a good understanding of all that. Now to move on to some other stuff.

What's gonna happen to that crazy USD/JPY after the all "unimportant" news at 7:50 PM (EST), par for the course would be something really weird..lol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
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