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USD/JPY Discussion

  • #14,601
  • Jan 25, 2010 4:13pm Jan 25, 2010 4:13pm
...seems to me we could see 9056 today and possibly 82...price closed above 9030 resistance on the 1hr...more volume on the 4hr will confirm the move for me
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  • #14,602
  • Jan 25, 2010 4:27pm Jan 25, 2010 4:27pm
Quoting Kas1
...seems to me we could see 9056 today and possibly 82...price closed above 9030 resistance on the 1hr...more volume on the 4hr will confirm the move for me

Very True... The retracement should take us till the Kijun-Sen level of90.84 and then a 200 pip drop down to 88.83 support. Cant wait...
GL to all traders
  • #14,603
  • Jan 25, 2010 4:31pm Jan 25, 2010 4:31pm
Just moved stops up to +20.

Waiting for 92 area close...
  • #14,604
  • Jan 25, 2010 4:46pm Jan 25, 2010 4:46pm
Quoting Honored
Very True... The retracement should take us till the Kijun-Sen level of90.84 and then a 200 pip drop down to 88.83 support. Cant wait...
GL to all traders
yes i am looking for the same
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  • #14,605
  • Jan 25, 2010 4:51pm Jan 25, 2010 4:51pm
oh it was an old 1h chart
here is a new one
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  • #14,606
  • Jan 25, 2010 5:42pm Jan 25, 2010 5:42pm
Quoting Honored
Very True... The retracement should take us till the Kijun-Sen level of90.84 and then a 200 pip drop down to 88.83 support. Cant wait...
GL to all traders
why drop around 200 pips? please share me the reason, i want to learn more about reading a technical trend.
  • #14,607
  • Jan 25, 2010 8:09pm Jan 25, 2010 8:09pm
Quoting TheArcher
http://i50.tinypic.com/1tq2ix.jpg

http://i48.tinypic.com/2jc8rjl.jpg

loss -20pips
  • #14,608
  • Edited 8:44pm Jan 25, 2010 8:24pm | Edited 8:44pm
http://i49.tinypic.com/2a7so3o.jpg
  • #14,609
  • Edited 8:43pm Jan 25, 2010 8:27pm | Edited 8:43pm
http://i48.tinypic.com/2psmxw4.jpg
  • #14,610
  • Edited 8:49pm Jan 25, 2010 8:38pm | Edited 8:49pm
always wanted to clarify this ..

is the Volume on the MT4 universal (ie total sum of all players ) or is it specific to the brokers (Alpari, eforex etc ) ?
  • #14,611
  • Jan 25, 2010 8:42pm Jan 25, 2010 8:42pm
I think is only Alpari's, but is not really volume, I think it is interpolated from the number of ticks, I think it's tick volume
  • #14,612
  • Jan 25, 2010 8:48pm Jan 25, 2010 8:48pm
Hi,
I am new to the forex game and i am confused on how the whole thing works i am very interested in learning and would appreciate some advice. I have been using etoro for a while now with a demo account to try and get the feel for things and dont really understand. I have a few questions. When the arrow is pointing up and is green does that mean it is a gain or a loss? also what does risk/reward level mean x50 x100 x200 x400? does anyone know a website where i can learn basics and get a better understanding on how this works and how to go about trading?
Thanks,
ForexNewbie1
  • #14,613
  • Jan 25, 2010 8:48pm Jan 25, 2010 8:48pm
Quoting wwwin
I think is only Alpari's, but is not really volume, I think it is interpolated from the number of ticks, I think it's tick volume

if it is not the universal volume , then what would be or likely be near/ideal proxy for Volume ?
  • #14,614
  • Jan 25, 2010 8:53pm Jan 25, 2010 8:53pm
Quoting TheArcher
if it is not the universal volume , then what would be or likely be near/ideal proxy for Volume ?
Because spot fx does not have an exchange, you can't count volume, only fx futures volume can be counted....tick volume is an approximation, how good who knows
  • #14,615
  • Jan 25, 2010 9:01pm Jan 25, 2010 9:01pm
err ... what is tick volume .. ?

definition (if any) ...
  • #14,616
  • Jan 25, 2010 9:06pm Jan 25, 2010 9:06pm
Tick volume is...the amount of price changes within that time frame. So basically each time there is an order placed the tick count changes. If it's a sell order, down tick. buy order, up tick.

You will find a lot better definition using the search. It is here on the forum as that's where I''ve found this info.

Good luck,

Donnie
  • #14,617
  • Jan 25, 2010 9:07pm Jan 25, 2010 9:07pm
And to go a little more in depth..there is really no way to calculate true volume in forex with so much liquidity on so many different brokers. That is why we use tick volume.


DZ
  • #14,618
  • Jan 25, 2010 9:11pm Jan 25, 2010 9:11pm
china is really sending this thing lower
  • #14,619
  • Jan 25, 2010 9:14pm Jan 25, 2010 9:14pm
Anyone know the next support level?
  • #14,620
  • Jan 25, 2010 9:37pm Jan 25, 2010 9:37pm
Quoting richly
Anyone know the next support level?
8952 looks good...25 maybe
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