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USD/JPY Discussion

  • #10,501
  • Jul 10, 2008 12:44pm Jul 10, 2008 12:44pm
Quoting bristolxyz
Dove ,

You talking about U/J?
Also, the E/J, 20M chart looks like as soon as the MDI/PDI cross, it will be ready for a downturn. Also the Slow_Stoch has been over the 80% line and only dipped and returned to above the line. It, If the MDI/PDI cooporate, and it turns down, should be an entry point?
Do you agree?
Smiling - I know, I jump alot between the two pairs.... and yes, I was speaking about the U/J and for the E/J the PDI is still up and the slow_K is still up even though it is past the 80%......In this scenario I would be looking for a hit off the the upper BB and then wait on the slow_k to turn and get pass the 80% but because of the time of day, I would not be looking for anything on long term......Right now it looks like it wants to consolidate......
The Dove - Forex Trainer
  • #10,502
  • Jul 10, 2008 12:48pm Jul 10, 2008 12:48pm
Oh Yea, one other thing I forgot to mention on the E/J....... it is now at the top of yesterdays high......... that is why it is in consolidation.......
The Dove - Forex Trainer
  • #10,503
  • Jul 10, 2008 12:52pm Jul 10, 2008 12:52pm
Thanks Dove,
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,504
  • Jul 10, 2008 12:57pm Jul 10, 2008 12:57pm
My take on EJ, is that it should move up high, really high, cause I'm long.
Maybe I drew my lines wrong, but maybe it already broke triangle, but not enough for me feel comfortable. Yes, it's at 169 and good place short, but since range is getting so tight, I feel its not worth to short, but i could be wrong. What do u think
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  • #10,505
  • Jul 10, 2008 12:57pm Jul 10, 2008 12:57pm
Quoting dove_alliance
Oh Yea, one other thing I forgot to mention on the E/J....... it is now at the top of yesterdays high......... that is why it is in consolidation.......
The Central Pivot would be 168.44?
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,506
  • Jul 10, 2008 12:59pm Jul 10, 2008 12:59pm
Quoting bristolxyz
Thanks Dove,
There is 3 most important factor in this market and must be observed at all times..... 1 - direction of momentum...... 2 - position of the daily high and 3 - the daily low...... If you know these factors it will always keep you in the profit side..... If the momentum is in a trend, lets say long, then once the high is busted it will continue and visa-vera....... if the momentum is ranging then once the high is hit it will reverse and visa versa...... Also, any time the high or low is hit it will consolidate before moving on...... By the way I went ahead took profit off the U/J; moving too slow for my comfort.
The Dove - Forex Trainer
  • #10,507
  • Jul 10, 2008 1:01pm Jul 10, 2008 1:01pm
Quoting bristolxyz
The Central Pivot would be 168.44?
I got a question: where you come up with that.......
The Dove - Forex Trainer
  • #10,508
  • Jul 10, 2008 1:01pm Jul 10, 2008 1:01pm
Quoting dove_alliance
There is 3 most important factor in this market and must be observed at all times..... 1 - direction of momentum...... 2 - position of the daily high and 3 - the daily low...... If you know these factors it will always keep you in the profit side..... If the momentum is in a trend, lets say long, then once the high is busted it will continue and visa-vera....... if the momentum is ranging then once the high is hit it will reverse and visa versa...... Also, any time the high or low is hit it will consolidate before moving on...... By the way I went ahead took profit off the U/J; moving too slow for my comfort.
thanks for that info
  • #10,509
  • Jul 10, 2008 1:07pm Jul 10, 2008 1:07pm
Quoting dove_alliance
I got a question: where you come up with that.......
PP = Daily Pivot
Central Pivot = Opening Price at 1700 EST

I looked at the candle on the daily chart for 7-9-2008?

Maybe should it be the OHLC for 7-10-2008 since it's past 5PM across the pond?

??
*Bristol waits*
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,510
  • Jul 10, 2008 1:09pm Jul 10, 2008 1:09pm
Quoting bristolxyz
PP = Daily Pivot
Central Pivot = Opening Price at 1700 EST

I looked at the candle on the daily chart for 7-9-2008?

Maybe should it be the OHLC for 7-10-2008 since it's past 5PM across the pond?

??
*Bristol waits*
Well - yesterday's central pivot is at 168.05 and today's stuff isn't there yet.........
The Dove - Forex Trainer
  • #10,511
  • Jul 10, 2008 1:14pm Jul 10, 2008 1:14pm
Quoting dove_alliance
Well - yesterday's central pivot is at 168.05 and today's stuff isn't there yet.........
ive daily pivot of 168.32
  • #10,512
  • Jul 10, 2008 1:16pm Jul 10, 2008 1:16pm
Now I am lost.
168.05 is the Close for 7-9-2008, which would be the Open for 7-10-2008.
Can you explain further? (I've got my dunce hat right here iun case I need it)

Warm regards,
Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,513
  • Jul 10, 2008 1:17pm Jul 10, 2008 1:17pm
Quoting Clouds
ive daily pivot of 168.32
Yesterday's 17:00 ET daily candle opened at 168.05........
The Dove - Forex Trainer
  • #10,514
  • Jul 10, 2008 1:18pm Jul 10, 2008 1:18pm
Quoting bristolxyz
Now I am lost.
168.05 is the Close for 7-9-2008, which would be the Open for 7-10-2008.
Can you explain further? (I've got my dunce hat right here iun case I need it)

Warm regards,
Bristol
Do you have a daily chart on your workspace.......? If you don't, then put one in.......
The Dove - Forex Trainer
  • #10,515
  • Jul 10, 2008 1:23pm Jul 10, 2008 1:23pm
Quoting dove_alliance
Yesterday's 17:00 ET daily candle opened at 168.05........
Dove, forgive me in advance, but I'm still confused.
TODAY is the 10th of July
YESTEDAY was the 9th of July

The 9 July 2008 candle on EUR/JPY (bid) chart, says the following when I put the crosshairs on it:

O 168.44
H 168.88
L 167.99
C 168.05

The PP is shown as 168,21
S1 167.55
R1 168,62

(I've got my dunce hat on just in case).
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,516
  • Jul 10, 2008 1:25pm Jul 10, 2008 1:25pm
Now - if you look at the date, down below on the daily chart, you will see the 10Th under today's candle....... At 17:00 ET a new candle will come in for the 11th....... which is for the next 24 hours....... The high and low of today's candle is what you figure for the 20 chart and also the pivots; the price on the opening of the next candle is the central pivot........ I hope you got that......
The Dove - Forex Trainer
  • #10,517
  • Jul 10, 2008 1:27pm Jul 10, 2008 1:27pm
Quoting bristolxyz
TODAY is the 10th of July
YESTEDAY was the 9th of July
TOMORROW is my birthday.
Sorry couldn't resist.
  • #10,518
  • Jul 10, 2008 1:30pm Jul 10, 2008 1:30pm
Quoting bristolxyz
Dove, forgive me in advance, but I'm still confused.
TODAY is the 10th of July
YESTEDAY was the 9th of July

The 9 July 2008 candle on EUR/JPY (bid) chart, says the following when I put the crosshairs on it:

O 168.44
H 168.88
L 167.99
C 168.05

The PP is shown as 168,21
S1 167.55
R1 168,62

(I've got my dunce hat on just in case).
I see where your confusion is: you looking at the previous opening candle for the central....... Just follow what I just posted and you will get it.
The Dove - Forex Trainer
  • #10,519
  • Jul 10, 2008 1:32pm Jul 10, 2008 1:32pm
Quoting Clouds
TOMORROW is my birthday.
Sorry couldn't resist.
Happy early Birthday........
The Dove - Forex Trainer
  • #10,520
  • Jul 10, 2008 1:33pm Jul 10, 2008 1:33pm
Quoting dove_alliance
Now - if you look at the date, down below on the daily chart, you will see the 10Th under today's candle....... At 17:00 ET a new candle will come in for the 11th....... which is for the next 24 hours....... The high and low of today's candle is what you figure for the 20 chart and also the pivots; the price on the opening of the next candle is the central pivot........ I hope you got that......
I thought the numbers from yesterday were good until 5PM today, then we start using the numbers from today after 5pm...
"I spilled spot remover on my dog. He's gone now." - Steven Wright
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