Dove, I am still comparing different pivot points calculations... Right now USD/JPY paused after a strong move, and it is stuck at 107.30 which is the daily R3 based on my method, i.e. Friday 16:59:59EST close @106.70 and the formula for R3 that ...

USD/JPY Discussion

Naminori, I don't see any possibility for FED intervention beyond verbal bluffing. What will they intervene with? All they can do is keep printing the USD bills like there is no tomorrow... Or bring the bluff to a new level and short the EUR

USD/JPY Discussion

100% reliable short target is 106.47 - the daily pivot. Allow up to 2 pips for spread

USD/JPY Discussion

Looks like it's breaking the daily pivot I am short @ 105.89, target - 105.67(daily mid-point) +2pips Stop - loss 106.02

USD/JPY Discussion

I was in since 105.75 -logged in and saw the situation too late. At the same time got burnt by USD/CAD - it flew up in a matter of min utes breaking all the pivots.

USD/JPY Discussion

Dove, that was a very nice call! Just touched 106.17. The sceptics should really appreciate it!

USD/JPY Discussion

Wow! Dove, appreciate mentioning me! Was catching up on all today's posts... Hello, friends! Great to see the gang back together!

USD/JPY Discussion

Here are the pivots for the next week and Sunday based on Friday close price. We'll compare these to Dove's version that we'll calculate on Sunday. In any case, the pivots will be too tight next week, and that's not good for trading intraday trends. ...

USD/JPY Discussion

I am short @ 108.00 for 10 pips - it's conveniently stuck between the central and the daily

USD/JPY Discussion

It looks to me that all currencies have entering the summer ranging mode with no strong trends either way. EUR, for example is stuck between 1.5350 and 1.58. I would call 106.50 - 110 as the near term range for yen. Looks like Trichet and Bernanke ...

USD/JPY Discussion

Bollinger settings — Dwildes, Dove had said a long time ago that the middle line in the Bollinger Band indicator has no use, and from my experience it does look like that. You can get read of it by double clicking, selecting Style in the ...

USD/JPY Discussion

ak4x, you saved this boring night!

USD/JPY Discussion

I am scalping this thing out of boredom at 107.97 - 98, taking profit at 107.91 - 92. Waiting for another opportunity now. Once it breaks out of this tight box between pivot and central will be a nice ride to 108.32 or 107.54

USD/JPY Discussion

Stochastic oscillator is an early hint that the opposite trend (or retrace) might happen in the near future - usually within next 2-4 candles on the same scale. However, you should use other indicators of your system for new trend (or retrace) ...

USD/JPY Discussion

P.S. The reason I had a problem with the Sunday pivots - some currency pairs don't open at 15-30. For example, AUD/USD and NZD/USD may show up first only at 15:40, 16:00, 16:20, 16:30 - I've seen it all happen.

USD/JPY Discussion

Mduke, thank you, interesting resource! Dove, as I said before, it is imperative that we calculate the pivots with the majority of marketmakers. As I am too lazy for backtesting I am going to concentrate on live trading and monitor all the pivots ...

USD/JPY Discussion

I got it! There are two basic formulas for the R3. url has option to select the ones you want in drop-down menus. I always went with the top defaults as the formulas match those for R2 and R1... Your way (and built in Accucharts) would be ...

USD/JPY Discussion

Dove, We have the same numbers - it looks like we use different formulas to calculate R3 and S3

USD/JPY Discussion

"Dove's way" only deviates for Sunday and weekly pivots. All other days everything is back to normal :-) Anyway, Here are today levels using Hi 108.37 Lo 107.59 Close 107.91 R3 109.52 mp 109.13 R2 108.74 mp 108.53 R1 108.32 mp 108.14 PP 107.96 ...

USD/JPY Discussion

Dove, please count me in - I've sent you a private message. Thanks for the BB setting on the daily - that 12 improved things a lot!

USD/JPY Discussion