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EUR/JPY

  • #541
  • Jan 8, 2014 9:58pm Jan 8, 2014 9:58pm
Quoting horuxito
{quote} Excellent. Are there any conditions in the long move tha would had made you close the longs an immediately jump in short? Sorry for so many questions hehe, but I feel like a kid in a candy store
Besides my 1 hour chart the resistance on the Daily helped my decision.
The Dove - Forex Trainer
  • #542
  • Jan 8, 2014 10:02pm Jan 8, 2014 10:02pm
With this scenario we just finish is an example what can happen trading against the trend. In consolidation you can trade both ways and this is one reason you cannot be bias. But also is a lesson on being totally and completely focus.
The Dove - Forex Trainer
  • #543
  • Jan 8, 2014 10:04pm Jan 8, 2014 10:04pm
Quoting dove_alliance
{quote} Besides my 1 hour chart the resistance on the Daily helped my decision.
The resistance in the daily is one piece of the puzzle I don't see. I have the fibo 76.4 but it can comprehend a wider espectrum, at less of course you also have unison cycles in the daily chart
Best time to plant a tree was 20 years ago, second best is now
  • #544
  • Jan 8, 2014 10:04pm Jan 8, 2014 10:04pm
OK - new resistance on the 1 hour is 142.45
The Dove - Forex Trainer
  • #545
  • Jan 8, 2014 10:06pm Jan 8, 2014 10:06pm
Quoting horuxito
{quote} The resistance in the daily is one piece of the puzzle I don't see. I have the fibo 76.4 but it can comprehend a wider espectrum, at less of course you also have unison cycles in the daily chart
All my charts have the cycles.
The Dove - Forex Trainer
  • #546
  • Jan 8, 2014 10:08pm Jan 8, 2014 10:08pm
Quoting dove_alliance
OK - new resistance on the 1 hour is 142.45

Since the trend is down, if price pulls back to 142.45 resistance is a good spot to go short?
Best time to plant a tree was 20 years ago, second best is now
  • #547
  • Jan 8, 2014 10:17pm Jan 8, 2014 10:17pm
Quoting horuxito
{quote} Since the trend is down, if price pulls back to 142.45 resistance is a good spot to go short?
Not until the cycle is completed. It is very dangerous if I trade against a non-completed cycle.
The Dove - Forex Trainer
  • #548
  • Jan 8, 2014 10:21pm Jan 8, 2014 10:21pm
Quoting dove_alliance
{quote} Not until the cycle is completed. It is very dangerous if I trade against a non-completed cycle.
Interesting. I die to ask you about it, can I send you a pm?
Best time to plant a tree was 20 years ago, second best is now
  • #549
  • Jan 8, 2014 10:24pm Jan 8, 2014 10:24pm
Quoting horuxito
{quote} Interesting. I die to ask you about it, can I send you a pm?
Yes you can but does not mean you'll get your answer depending on the questions.
The Dove - Forex Trainer
  • #550
  • Jan 8, 2014 10:58pm Jan 8, 2014 10:58pm
OK traders -- I am calling it a night.

Take care and God bless.
The Dove - Forex Trainer
  • #551
  • Jan 9, 2014 2:37am Jan 9, 2014 2:37am
Considering a long, waiting for today close.
  • #552
  • Jan 9, 2014 3:06am Jan 9, 2014 3:06am
EURJPY- into noted stops, supported by EURGBP buying
Attached Image
  • #553
  • Jan 9, 2014 3:17am Jan 9, 2014 3:17am
Hello EUR/YEN

Well this is good

chance to clear some longs

not sure how high it will go yet:nerd:
  • #554
  • Jan 9, 2014 7:42am Jan 9, 2014 7:42am
eur/jpy sell
in a bit late

edit sl to +1
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Click to Enlarge Name: eurjpym30.png Size: 35 KB
  • #555
  • Jan 9, 2014 7:55am Jan 9, 2014 7:55am
Quoting dove_alliance
{quote} We have secondary resistance at 142.51 and the major is 143.06 instead of 142.99 --- I was off a few pips.
You are simply amazing, have a blessed day.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #556
  • Jan 9, 2014 8:41am Jan 9, 2014 8:41am
90 pip bearish candle on m30
out +50
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  • #557
  • Jan 9, 2014 9:06am Jan 9, 2014 9:06am
NOw buy. target 142.75
  • #558
  • Jan 9, 2014 9:26am Jan 9, 2014 9:26am
Quoting dove_alliance
{quote} What I have found in using this spreadsheet is reading the Yellow Fibo and disregarding the Red. And the reason is because of the conflict with the Red Fibo - and being based with the G/U - gives a minor false reading between buy and sell in some areas of the Red Fibo. Even though the similarities are pretty much the same as for support and resistance the Yellow Fibo gives a more realistic approach for the Fibo. Take note of the 50% on the chart at 142.3080. This is the starting point of taking a trade. At closing of yesterday's candle -...
Thank you Dove, your way to read spreadsheet is very interesting and keeps everything simplier than it looked.
Let me know if I'm correct: if daily opening is above static daily pivot and also above the dynamic one, then the first thing you look for is a setup long, even though spreadsheet is giving you two different signals ....i.e. a yellow buy and a green sell.
This will be valid unless cycles will stay above the dynamic daily pivot.
As we have also a green sell, that i guess is given by a possible retracement calculated with fibo's, if cycles will align below the DPP a short entry will be allowed too. Is that somehow correct?
  • #559
  • Jan 9, 2014 10:24am Jan 9, 2014 10:24am
This market is totally crazy since last couple of days. I'm so happy my TP hit right before the reversal
  • #560
  • Edited 11:12am Jan 9, 2014 10:56am | Edited 11:12am
Quoting strongtrader
{quote} Thank you Dove, your way to read spreadsheet is very interesting and keeps everything simplier than it looked. Let me know if I'm correct: if daily opening is above static daily pivot and also above the dynamic one, then the first thing you look for is a setup long, even though spreadsheet is giving you two different signals ....i.e. a yellow buy and a green sell. This will be valid unless cycles will stay above the dynamic daily pivot. As we have also a green sell, that i guess is given by a possible retracement calculated with fibo's,...
Let me explain it this way. This spreadsheet compromise my system. As I said last night I would not take a short off the secondary resistance or even the DPP because the cycle on my 1 hour was still in the up position but ended this cycle on the 09:00 ET candle this morning and is when I took the short. And according to the spreadsheet the stop loss was precisely at the resistance of 143.06 which the up stopped at 143.03 and reversed. Even though the spreadsheet gives a sell indication of the limited order at 142.33 I had found it is best to wait on the 50% before making a decision unless the cycle says other wise. In this case - the cycle said up and with the cycle up is the way I traded until it had ended the cycle and then it shot right back down into the trend. And by the way - this 143.06 resistance came off the Daily Chart cycle.
The Dove - Forex Trainer
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