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USD/JPY Discussion

  • #10,521
  • Jul 10, 2008 11:35am Jul 10, 2008 11:35am
Quoting bristolxyz
I thought the numbers from yesterday were good until 5PM today, then we start using the numbers from today after 5pm...
5 PM is 17:00 military time........
The Dove - Forex Trainer
  • #10,522
  • Jul 10, 2008 11:46am Jul 10, 2008 11:46am
Quoting dove_alliance
5 PM is 17:00 military time........
Yes...I knew that.

I thought that data from the candle would not be used until 5PM on THAT DAY. Hence the candle for 7-10 (today) not being used until after 5PM.

The previous day close is the next day opening (Central Pivot)?
Same thing?

168.05
Attached Image (click to enlarge)
Click to Enlarge Name: EJChart.jpg Size: 153 KB
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,523
  • Jul 10, 2008 11:51am Jul 10, 2008 11:51am
Quoting bristolxyz
Yes...I knew that.

I thought that data from the candle would not be used until 5PM on THAT DAY. Hence the candle for 7-10 (today) not being used until after 5PM.

The previous day close is the next day opening (Central Pivot)?
Same thing?

168.05
Everything is Correct except for one thing and that is the central pivot and that is from the next daily candle which is todays...... Even though yesterday's close and today's open are the same it does not mean that will always happen........ Like to day, when the close and the new candle open it could jump 10 pips for the opening........


Now mind you - I said "could"; because it can happen
The Dove - Forex Trainer
  • #10,524
  • Jul 10, 2008 11:53am Jul 10, 2008 11:53am
Quoting dove_alliance
Happy early Birthday........
hello mr Dove hello every one, happy birthday in advance, happy trading every one
The Chonchy
  • #10,525
  • Jul 10, 2008 11:54am Jul 10, 2008 11:54am
How many went short on the E/J?
The Dove - Forex Trainer
  • #10,526
  • Jul 10, 2008 11:55am Jul 10, 2008 11:55am
Quoting chonchy
hello mr Dove hello every one, happy birthday in advance, happy trading every one
Hello Carlos and good evening......
The Dove - Forex Trainer
  • #10,527
  • Jul 10, 2008 11:55am Jul 10, 2008 11:55am
Quoting dove_alliance
How many went short on the E/J?
  • #10,528
  • Jul 10, 2008 11:58am Jul 10, 2008 11:58am
Short ,entered at 168.77.

Dove,

Thanks very very much for your patience.
There is a place in Heaven for you (I'm guessing you already kenw that )
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,529
  • Jul 10, 2008 11:58am Jul 10, 2008 11:58am
Quoting dove_alliance
How many went short on the E/J?
The reason I asked is because be careful....... The lower band will hold it up and consolidation is not complete.....
The Dove - Forex Trainer
  • #10,530
  • Jul 10, 2008 12:00pm Jul 10, 2008 12:00pm
Quoting bristolxyz
Short ,entered at 168.77.

Dove,

Thanks very very much for your patience.
There is a place in Heaven for you (I'm guessing you already kenw that )
I appreciate that my friend......
The Dove - Forex Trainer
  • #10,531
  • Jul 10, 2008 12:00pm Jul 10, 2008 12:00pm
Quoting dove_alliance
How many went short on the E/J?
not it. , but it's tempting
  • #10,532
  • Jul 10, 2008 12:02pm Jul 10, 2008 12:02pm
The U/J doesn't look ready yet either.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,533
  • Jul 10, 2008 12:03pm Jul 10, 2008 12:03pm
One thing that will help on determining entry is the PDI/MDI on the 20 chart...... Place a line on the 20% of the PDI and this will help with entry...... 90% of the crossings happens on that 20% line....... At least within a few percentages......
The Dove - Forex Trainer
  • #10,534
  • Jul 10, 2008 12:08pm Jul 10, 2008 12:08pm
Quoting Clouds
TOMORROW is my birthday.
Sorry couldn't resist.
So?

Just kidding bro. Happy B-day. You gonna remind us again tomorrow??
Attached Image
FUBAR...
  • #10,535
  • Jul 10, 2008 12:08pm Jul 10, 2008 12:08pm
USD/CAD definitely looks like it's going to parity soon.
I will be shorting off the retrace to the new daily pivot tonight
Scalping with small shorts right now between 1.0099 and 1.0087
"Luxury is one of the basic needs", (c), Don Corleone
  • #10,536
  • Jul 10, 2008 12:14pm Jul 10, 2008 12:14pm
Quoting dove_alliance
The reason I asked is because be careful....... The lower band will hold it up and consolidation is not complete.....



lol the lower band will hold it up are you kidding me. Buyers will hold this up not some silly indicator.
  • #10,537
  • Jul 10, 2008 12:16pm Jul 10, 2008 12:16pm
Well, there goes my stop.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,538
  • Jul 10, 2008 12:17pm Jul 10, 2008 12:17pm
Quoting ak4x
So?

Just kidding bro. Happy B-day. You gonna remind us again tomorrow??
thanks, and thanks dove, yeah ill try , im turning 30,
  • #10,539
  • Jul 10, 2008 12:18pm Jul 10, 2008 12:18pm
Clouds - you made it difficult to contact you....... Do me a favor and PM me with at least an email...... Do appreciate.
The Dove - Forex Trainer
  • #10,540
  • Jul 10, 2008 12:19pm Jul 10, 2008 12:19pm
Quoting steelhead
lol the lower band will hold it up are you kidding me. Buyers will hold this up not some silly indicator.
Steelhead, yes, buyers will hold it up, but the band indicator (and other ones) show you the sentiment of the buyers. I know, it's intuitively illogical and hard to believe, but you can't deny the facts. Why indicators and pivot levels work is an interesting macroeconomic or philosophycal discussion during slow market hours. However the question if indicators work has been answered a long time ago.

By the way, the author of Bollinger band, Dr. Bollinger is a Nobel prize winner for economics.
"Luxury is one of the basic needs", (c), Don Corleone
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