Next TP 1.4748 .. Adios.. TAYOR
- #19,902
- Aug 12, 2008 10:01am Aug 12, 2008 10:01am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
yeah....i have been using daily pivots for a very long time now. they are a very safe way to enter the market ....oh....and supports and resistances too.
Check out http://www.thefxpivotpoint.com/Videos.htm.
I hear the guy is wicked funny.
- #19,903
- Aug 12, 2008 10:05am Aug 12, 2008 10:05am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #19,905
- Aug 12, 2008 10:08am Aug 12, 2008 10:08am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #19,906
- Aug 12, 2008 10:09am Aug 12, 2008 10:09am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #19,907
- Aug 12, 2008 10:12am Aug 12, 2008 10:12am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #19,908
- Aug 12, 2008 10:15am Aug 12, 2008 10:15am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #19,909
- Aug 12, 2008 10:18am Aug 12, 2008 10:18am
This has been the BEST trading currency compared to the US Dollar since last Thursday. The TOP is over 110.00 and not much more than 60 PIPS so I see it going towards 108.00
As The Dow goes so does this Pair !!!
Bruce
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- #19,910
- Aug 12, 2008 10:19am Aug 12, 2008 10:19am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #19,911
- Aug 12, 2008 10:24am Aug 12, 2008 10:24am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
...Pivots are very useful.
Even if you don't trade pivots - you can see how accurate they can be...
A fellow pivoteer!! Here's to us...
FUBAR...
- #19,912
- Aug 12, 2008 10:27am Aug 12, 2008 10:27am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #19,914
- Aug 12, 2008 10:29am Aug 12, 2008 10:29am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
A fellow pivoteer!! Here's to us...
The one tool that seems to be very reliable across all of the asset classes.
This has been the BEST trading currency compared to the US Dollar since last Thursday. The TOP is over 110.00 and not much more than 60 PIPS so I see it going towards 108.00
As The Dow goes so does this Pair !!!
Bruce
Maarten
- #19,919
- Aug 12, 2008 11:27am Aug 12, 2008 11:27am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
I dont get it. Why would the usd/jpy move the same as the dow moves?
Maarten
The Yen is borrowed at a low interest rate and then exchanged for US Dollars. The borrower makes money on the difference in the spread. That is the interest rate differences.
They then invest US Dollars in the Dow. The Dow goes UP and they make more money. HOWEVER when the Dow goes down and they sell it they buy back the Yen to pay off their loan and the USD/JPY goes down.
Bruce
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- #19,920
- Aug 12, 2008 11:28am Aug 12, 2008 11:28am
- | Joined Mar 2007 | Status: Full timer | 341 Posts
I dont get it. Why would the usd/jpy move the same as the dow moves?
Maarten
There is a historical correlation of the usd/jpy following the US Stock Market. You would need to be a genius to use it for picking price targets too far in advance, unless you are a genius at determining price targets for the US Stock Market. Short term this correlation can be used to "help" determine direction. Be wary of absolutes when playing a zero sum game.
Redefining Reality