USD/JPY Discussion | Page 518 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #10,341
  • Jul 9, 2008 8:42pm Jul 9, 2008 8:42pm
I was just going over tomorrows announcements and we may see some very heavy momentum beginning at 02:45 ET and then for the next 11 to 12 after wards...... On all currencies
The Dove - Forex Trainer
  • #10,342
  • Jul 9, 2008 8:43pm Jul 9, 2008 8:43pm
Quoting Mrpipmaster
You know the funny thing it break right past my take profit so i grabbed another 10 pips so thanks fxsol.....
Smiling - yea, it sure did move, light a bolt of lightning......
The Dove - Forex Trainer
  • #10,343
  • Jul 9, 2008 8:47pm Jul 9, 2008 8:47pm
You know if things go as scheduled for the USD/CAD we could see parity by 0745 est tomorrow...i have traded this pair alot....and made many pips here..so lets see what happens...

sorry Friday verses Thurday sorry...

Quoting dove_alliance
Smiling - yea, it sure did move, light a bolt of lightning......
  • #10,344
  • Jul 9, 2008 8:47pm Jul 9, 2008 8:47pm
I sat it out, but toward the end got a few pips. I can't trade the news (GFT Forex prevents that, you'll get requoted or filled at a stupid price), so I sit out and get a few after the action. I am just chipping away a few pips at a time. LOL
Funny thing, my demo account is doing great! LOL
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,345
  • Jul 9, 2008 8:54pm Jul 9, 2008 8:54pm
Quoting dove_alliance
I believe you got the A+

By the way.... The central pivot is correct.....
I don't mean to second guess you Dove... but shouldn't Bristol's fib be pulled Hi (107.64-100%) to Lo(106.68-0%)? If I'm wrong, please accept my apology!
It'll feel better when it stops hurting.
  • #10,346
  • Jul 9, 2008 8:58pm Jul 9, 2008 8:58pm
Quoting Cfi
I don't mean to second guess you Dove... but shouldn't Bristol's fib be pulled Hi (107.64-100%) to Lo(106.68-0%)? If I'm wrong, please accept my apology!
You are correct - I over looked that and I thank you for the correction.......
The Dove - Forex Trainer
  • #10,347
  • Jul 9, 2008 9:00pm Jul 9, 2008 9:00pm
Quoting Cfi
I don't mean to second guess you Dove... but shouldn't Bristol's fib be pulled Hi (107.64-100%) to Lo(106.68-0%)? If I'm wrong, please accept my apology!
So I get the dunce cap?
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,348
  • Jul 9, 2008 9:07pm Jul 9, 2008 9:07pm
Quoting bristolxyz
So I get the dunce cap?
No - you just drew your line wrong and that "ain't bad".......
The Dove - Forex Trainer
  • #10,349
  • Jul 9, 2008 9:09pm Jul 9, 2008 9:09pm
Quoting bristolxyz
So I get the dunce cap?
I thought Dove was grading on a curve and that's why you got the A+. There's nothing wrong with the dunce cap... I've had it on my whole life!
It'll feel better when it stops hurting.
  • #10,350
  • Jul 9, 2008 9:14pm Jul 9, 2008 9:14pm
Quoting Cfi
I thought Dove was grading on a curve and that's why you got the A+. There's nothing wrong with the dunce cap... I've had it on my whole life!
I keep it handy just in case.
Most of the time the U/J does a retrace when there ius big big news that moves it, but the AUD/JPY didn't retrace fast, very slowly coming down in bits and chunks...
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,351
  • Jul 9, 2008 9:19pm Jul 9, 2008 9:19pm
Hey CFI,

DOes CFI stand for anyhting in particular? Like "Certified Flight Instructor?" I fly, and thats what they call fllight instructors... do you fly?

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,352
  • Jul 9, 2008 9:30pm Jul 9, 2008 9:30pm
Quoting bristolxyz
Hey CFI,

DOes CFI stand for anyhting in particular? Like "Certified Flight Instructor?" I fly, and thats what they call fllight instructors... do you fly?

Bristol
Unfortunately, only as a passenger! CFI are the intials of a former fixed income firm. Use to do a lot in fixed income but moved over to currencies.
It'll feel better when it stops hurting.
  • #10,353
  • Jul 9, 2008 9:43pm Jul 9, 2008 9:43pm
Quoting bristolxyz
So I get the dunce cap?
Hey bristol, better late than never I spose... I had actually done a chart earlier to show you the difference, and forgot to post it. So I'll wear the hat for awhile...

Notice how this one is drawn much differently from swing high to swing low in a completed cycle, and in the direction of the move (orange arrow). I think you used the daily low at around 5pm, so that's a bit different from yours. I haven't seen your chart, so am guessing.

If price had continued to drop after 5pm, that cycle would still be in progress, and we would not have a low yet, so in this case I think this method is more accurate

That said, you can fib anything for any reason and draw something from it.
Attached Image
FUBAR...
  • #10,354
  • Jul 9, 2008 9:47pm Jul 9, 2008 9:47pm
Long in 106.80

¿ What do you think ?


Attached Image (click to enlarge)
Click to Enlarge Name: uj_s81_798.gif Size: 22 KB
  • #10,355
  • Edited 10:08pm Jul 9, 2008 9:50pm | Edited 10:08pm
Here's an example of a "fib within a fib".

The blue shaded box is the same area as the one in the first chart. Notice how price has dropped to and respected the range between the (minus) -50% and - 23% fib extensions... shaded ellipses at bottom of chart.

I'll use the 2 fibs together to see where price reacts.
Attached Image
FUBAR...
  • #10,356
  • Jul 9, 2008 9:56pm Jul 9, 2008 9:56pm
Quoting pepbullish
Long in 106.80

¿ What do you think ?


Attachment
Smiling - what you do pepbullish, change your trend line....... just curious.
The Dove - Forex Trainer
  • #10,357
  • Jul 9, 2008 10:04pm Jul 9, 2008 10:04pm
One thing is for sure........ if the 1 hour trend stays true we will eventually see the 110 mark......... I know - "we ain't there yet"........
The Dove - Forex Trainer
  • #10,358
  • Jul 9, 2008 10:17pm Jul 9, 2008 10:17pm
I got in at 107.23. Is it just me or does this pair tend to move slow?
"Don't trade to trade . . . trade to win." - James16
  • #10,359
  • Jul 9, 2008 10:20pm Jul 9, 2008 10:20pm
Quoting Flem26
I got in at 107.23. Is it just me or does this pair tend to move slow?
Ahhhhhh - question: are you long or short?
The Dove - Forex Trainer
  • #10,360
  • Jul 9, 2008 10:26pm Jul 9, 2008 10:26pm
Quoting ak4x
Hey bristol, better late than never I spose... I had actually done a chart earlier to show you the difference, and forgot to post it. So I'll wear the hat for awhile...

Notice how this one is drawn much differently from swing high to swing low in a completed cycle, and in the direction of the move (orange arrow). I think you used the daily low at around 5pm, so that's a bit different from yours. I haven't seen your chart, so am guessing.

If price had continued to drop after 5pm, that cycle would still be in progress, and we would not have a low yet, so in this case I think this method is more accurate

That said, you can fib anything for any reason and draw something from it.
That's good info. Thanks. I print alot of this stuff out to study, that's a good page!
"I spilled spot remover on my dog. He's gone now." - Steven Wright
22 traders viewing now