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USD/JPY Discussion

  • #10,441
  • Jul 10, 2008 3:05am Jul 10, 2008 3:05am
Quoting dove_alliance
Once the momentum is in play the resistance or support will only last as long as the opposition will continue and that is usually with very little effort and not very long all because the momentum is consistence and that is what keeps me in on a trade......
what u think will happen to Ej, its getting too tight range to trade, and it should break out soon
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  • #10,442
  • Jul 10, 2008 3:06am Jul 10, 2008 3:06am
Once you have recognize the momentum on any pair it is a go and nothing will hold it back as long as the power is there....... Once the pair has decelerated and gone into consolidation it is then over with and only then......
The Dove - Forex Trainer
  • #10,443
  • Jul 10, 2008 3:07am Jul 10, 2008 3:07am
Quoting Clouds
what u think will happen to Ej, its getting too tight range to trade, and it should break out soon
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Well, for right now, the momentum is still up.
The Dove - Forex Trainer
  • #10,444
  • Jul 10, 2008 3:10am Jul 10, 2008 3:10am
Always remember that you will have the opposition in any momentum and that is known as retraces........
The Dove - Forex Trainer
  • #10,445
  • Jul 10, 2008 3:13am Jul 10, 2008 3:13am
This is one of the things traders do not understand when a pair does not run with the announcements but will go against it and that is because of the momentum....... What ever the momentum is at that time is the direction it will travel.....
The Dove - Forex Trainer
  • #10,446
  • Jul 10, 2008 3:17am Jul 10, 2008 3:17am
Buy U/J 106.906 Close 107.296 +39pips

Dove, thank you very much for your teachings.
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  • #10,447
  • Jul 10, 2008 3:20am Jul 10, 2008 3:20am
That is one of the reasons why I really love trends...... Because it is all about momentum...... We don't have any trends right now but we will again soon, hopefully...... But once those trends are running then you just get in and ride it to the end....... The opposition has no chance of stopping that trend until it is over with...... And you usually know when it happens.
The Dove - Forex Trainer
  • #10,448
  • Jul 10, 2008 3:21am Jul 10, 2008 3:21am
Quoting Qwert
Buy U/J 106.906 Close 107.296 +39pips

Dove, thank you very much for your teachings.
No problem.....
The Dove - Forex Trainer
  • #10,449
  • Jul 10, 2008 3:51am Jul 10, 2008 3:51am
Went Long u/J again frmo 107.17....... needs to get past resistance at 107.28 though.
  • #10,450
  • Jul 10, 2008 4:07am Jul 10, 2008 4:07am
Quoting Dest_unknown
Went Long u/J again frmo 107.17....... needs to get past resistance at 107.28 though.
same here but 1 pip higher than urs
  • #10,451
  • Jul 10, 2008 4:09am Jul 10, 2008 4:09am
Quoting bksujal
same here but 1 pip higher than urs
LONG @107.2x


sonic
  • #10,452
  • Jul 10, 2008 4:14am Jul 10, 2008 4:14am
This is one the reasons why I gave out the 20 minute chart system with a Fibo running from daily high to low...... Right now the resistance is at the 107.27 which is the 61.8% and the 50% is at the 107.16 and the 38.2% is at the 107.05 and if you mark that on your 20 minute chart you will see the action.......
The Dove - Forex Trainer
  • #10,453
  • Jul 10, 2008 4:21am Jul 10, 2008 4:21am
Now - While all that action was going on I went ahead and ran a trip with the pound because the momentum was really hot with that pair...... the G/U.
The Dove - Forex Trainer
  • #10,454
  • Jul 10, 2008 4:22am Jul 10, 2008 4:22am
this is the main problem
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  • #10,455
  • Jul 10, 2008 4:23am Jul 10, 2008 4:23am
I don't see Cloud but I know he was hot on it also running to the 9700 I believe.....
The Dove - Forex Trainer
  • #10,456
  • Jul 10, 2008 4:24am Jul 10, 2008 4:24am
Quoting bksujal
this is the main problem
Smiling - that is where my 61.8% line is also......
The Dove - Forex Trainer
  • #10,457
  • Jul 10, 2008 4:25am Jul 10, 2008 4:25am
Quoting dove_alliance
Smiling - that is where my 61.8% line is also......
  • #10,458
  • Jul 10, 2008 4:26am Jul 10, 2008 4:26am
dove on which TF have you drawn your fibo?
  • #10,459
  • Jul 10, 2008 4:29am Jul 10, 2008 4:29am
Quoting dove_alliance
Smiling - that is where my 61.8% line is also......
107.30 seems to have a lot of resistance!!

sonic
  • #10,460
  • Jul 10, 2008 4:29am Jul 10, 2008 4:29am
Quoting bksujal
dove on which TF have you drawn your fibo?
The 20 minute chart and runs from the previous day high to low ........ That is done every day......
The Dove - Forex Trainer
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