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Pivots and Trends with the JPY

  • #21
  • Nov 22, 2009 10:59am Nov 22, 2009 10:59am
Quoting donfriday
Thankx for your invite Calos....well we are here now and waiting for all the drink and music so let roll....Lol

i will subscribe and check in from time to time...I trade other pairs .....Good Job and will love to learn much more from you guys...I will be posting soon..
cheers Don.
here is some music to ease the admotsfiere but the tradin starts in the afternoon when the markets open

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The Chonchy
  • #22
  • Nov 22, 2009 11:06am Nov 22, 2009 11:06am
Quoting donfriday
Thankx for your invite Calos....well we are here now and waiting for all the drink and music so let roll....Lol

i will subscribe and check in from time to time...I trade other pairs .....Good Job and will love to learn much more from you guys...I will be posting soon..
cheers Don.
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The Chonchy
  • #23
  • Nov 22, 2009 11:09am Nov 22, 2009 11:09am
Hi Chonchy
After going through 10 pages of old D-A thread I am thoroughly confused.I dont seem to understand a method( maybe I am quite dumb)
Will you be giving out the method in the evening today so that we newbies can understand?
Thank you
senbanda
  • #24
  • Nov 22, 2009 11:09am Nov 22, 2009 11:09am
Quoting cesarnc
Nice trades chonchy, dove...

thanks boss it means the world coming from you, the number one tread starter in FF, thanks a lot, we appriciated
The Chonchy
  • #25
  • Nov 22, 2009 11:15am Nov 22, 2009 11:15am
Quoting swano
hi im a trader got about two years experiencein trading stock and forex new to the forum thing

been trading GBP/JPY on a sell position made money on pips used the pivot and 21 SMA

1)with the knowledge of a sell day makes a high first
a buy down makes a low day first ? seems to be fairly true not sure totally if that is wonder if you got any comments on that?

2) I here the news about the JPY this week coming. whats the general feeling about it?
USD/JPY is this going to be a day trade, swing trade, or a month holder.

3)I havent traded...
I don't realy know what you are talking here guy, I'm just inviting people that will like to come and say hello to the newbys and show some charts have some fun teaching others not to loose money, and make some analisis on diferent pairs, that is all, if you like what you will see take it, sit on the sofa and put your legs in the center table, grab a beer from the small refrigerator on the corner and relax
The Chonchy
  • #26
  • Nov 22, 2009 11:24am Nov 22, 2009 11:24am
Quoting senbanda
Hi Chonchy
After going through 10 pages of old D-A thread I am thoroughly confused.I dont seem to understand a method( maybe I am quite dumb)
Will you be giving out the method in the evening today so that we newbies can understand?
Thank you
senbanda
we are going to post some charts here make some analisis about diferent methods and have some fun while doing it, life is too short to take it so seriusly, but patience is a virtue not a thing you just can find in any forum by reading 10 pages, the THV tread have 13 000 pages and I have read it twice because I want to understand the method, and I'm as dumb as they can come, but let tell you the first lesson of the tread, reading won't get you there, understanding will, and sometimes I have to read something ten times to understand it, of course like I said earlier I'm as dumb as they can come, so don't fell along, just have a sit or two and grab a beer, stick aroung you may learn a thing or two
The Chonchy
  • #27
  • Nov 22, 2009 11:24am Nov 22, 2009 11:24am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting senbanda
Hi Chonchy
After going through 10 pages of old D-A thread I am thoroughly confused.I dont seem to understand a method( maybe I am quite dumb)
Will you be giving out the method in the evening today so that we newbies can understand?
Thank you
senbanda

chonchy,

I agree with what senbanda says above.

I read this thread some time ago.

There is no method as such there - just a discussion of a method.

Not enough information to go on in that thread... is this thread going to discuss the method(s) that thread alluded to?


Magnus
  • #28
  • Nov 22, 2009 11:38am Nov 22, 2009 11:38am
more music mean while the stars enter the red carpet..........

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The Chonchy
  • #29
  • Nov 22, 2009 2:08pm Nov 22, 2009 2:08pm
My view on the EUR/USD------- the fundamentals of the situation haven't changed. A weaker Dollar should be in the cards for the future. Short term however I'm covering my long positions with longs on the CHF/USD.

Lets see where are the---oh got em. Now if you look at the two you'll see a possible move back to 1.058 on the CHF that's my target. 1.4345ish looks like a great buy on the EUR.

I know daily trades aren't for everyone but that's all I got. Keep in mind I'm still long on the EUR so if it does head north I'm good.
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  • #30
  • Nov 22, 2009 2:31pm Nov 22, 2009 2:31pm
Oil may come back to the 74 aria or even break below-----and Gold needs to retest 1120. Not that any of this will happen this week but its always a possibility.

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  • #31
  • Nov 22, 2009 2:57pm Nov 22, 2009 2:57pm
lets go back to the music then. Try this while you trade PANDORA enter the kind of music you like and it finds more for you.

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  • #32
  • Nov 22, 2009 3:43pm Nov 22, 2009 3:43pm
Anyone looking for clues to whether or not any big money will continue buying this late in the year can speculate looking at the DOW. I know its not Forex, but it is related in that it requires capital to move (right now the world still runs on dollars) and if enough people take profit at this level we should see a correlated pullback on gold-oil-commodities in general. This possibility leads me to the conclusion that higher highs on the EUR may not come until the first quarter of 2010. anyone see it different?

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  • #33
  • Nov 22, 2009 4:03pm Nov 22, 2009 4:03pm
Ok chonchy where are you. I obviously suck at starting conversations (they don't like my charts or music), you need to show up and do something. This is your party
  • #34
  • Nov 22, 2009 5:02pm Nov 22, 2009 5:02pm
Hi Carlos, thanks for the invitation.

I bookmarked the thread to get the updates.

Pivots are a very important point of my trading style.

Wish you all a great trading week.
  • #35
  • Nov 22, 2009 5:14pm Nov 22, 2009 5:14pm
Quoting knuckledrag
Anyone looking for clues to whether or not any big money will continue buying this late in the year can speculate looking at the DOW. I know its not Forex, but it is related in that it requires capital to move (right now the world still runs on dollars) and if enough people take profit at this level we should see a correlated pullback on gold-oil-commodities in general. This possibility leads me to the conclusion that higher highs on the EUR may not come until the first quarter of 2010. anyone see it different?

Attachment ...
I've kinda been thinking that way, knuck. I am expecting this Christmas to be a pretty gloomy one, as far as retail capitalism goes, and that, along with endyear profit-taking, would sink the riskier currencies.

Then, I turn on the box this afternoon and I see XAU at an alltime high....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #36
  • Nov 22, 2009 5:36pm Nov 22, 2009 5:36pm
Quoting The Fool
I've kinda been thinking that way, knuck. I am expecting this Christmas to be a pretty gloomy one, as far as retail capitalism goes, and that, along with endyear profit-taking, would sink the riskier currencies.

Then, I turn on the box this afternoon and I see XAU at an alltime high....

$hit happens, it should still run out of buyers and retest support. Nothing goes on forever. However Gold is going much high imho, it needs to pick up more buyers though.
  • #37
  • Nov 22, 2009 5:46pm Nov 22, 2009 5:46pm
Quoting knuckledrag
$hit happens, it should still run out of buyers and retest support. Nothing goes on forever. However Gold is going much high imho, it needs to pick up more buyers though.
I'm not sure whether the gold correlation re: USD is all that strong - gold buying might go on regardless. But if the Mom & Pop gold buyers of India & China really mean anything for its continued run-up, there's a price at which those folks simply start to rebel, just like anything....

I watch spot oil & oil futures more for tandem moves with the USD - I see they are up a tad this afternoon.

So, what's this thread about, anyway? Are we gonna talk about the U/J trade? If that's the case, one thing that I wonder about, since I have never traded U/J, is - have things really changed since 2007 in the U/J trade (when Dove_Alliance originally began the thread)....is there anything to talk about in the "that was then, this is now" department....?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38
  • Nov 22, 2009 5:58pm Nov 22, 2009 5:58pm
Quoting The Fool
I'm not sure whether the gold correlation re: USD is all that strong - gold buying might go on regardless. But if the Mom & Pop gold buyers of India & China really mean anything for its continued run-up, there's a price at which those folks simply start to rebel, just like anything....

I watch spot oil & oil futures more for tandem moves with the USD - I see they are up a tad this afternoon.

So, what's this thread about, anyway? Are we gonna talk about the U/J trade? If that's the case, one thing that I wonder about, since I have never traded...

I don't know what we are doing yet. I think Dove and Chonchy will get to it sooner or later. I was just playing worm up act.
  • #39
  • Nov 22, 2009 6:34pm Nov 22, 2009 6:34pm
Sitting in my massageing chair waiting and ready to kick USD/JPY's ass!!!!
  • #40
  • Nov 22, 2009 7:22pm Nov 22, 2009 7:22pm
thanks chonchy for the invite and hello everyone!

so... it is Sunday, tokyo session time (although bank holiday in japan), and i am looking forward to meeting all the guys here and learning new things.
Nihil Sine Deo.
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