Steelhead, the daily and weekly trends are, indeed, up. We are in a minor retrace mode on the daily now, and if it keeps going down for a while it might even reach the bottom line of the uptrend... Therefore, local (30min, 1-hr, 2-hr) trends are ...

USD/JPY Discussion

Took profit @ 107.79... My broker suspends trading at 23:58 for about 10 minutes - don't want to take chances. (off-topic: Went long EUR/NOK today (as per my post yesterday), at 8.0155 on average, will be riding it till 8.07 for 2-3 days)

USD/JPY Discussion

Techincals are looking down, and I am now short at 107.88. mid - point 107.72, S2 - 107.55. Bollinger Band on 2 hours slowed things a little, imho

USD/JPY Discussion

I don't preset a stop-loss when I watch the market live. Fixed my losses at 108.05 only because I had to leave for a while...

USD/JPY Discussion

I am long @ 108.20, first target - 108.329, second - 108.489

USD/JPY Discussion

Looks to me like it really wants to break to the upside and visit R1 before turning back. There is also a weekly mid-pivot on the way (I have it at 108.29, but I used Friday candle so it's a little off...)

USD/JPY Discussion

ak4x, Thank you for the screenshots - found those properties! :-)

USD/JPY Discussion

Nah, it gets active when USD/JPY has some vector, i.e. momentum. We are in the dormant hours with low liquidity now, so nothing interesting is happening

USD/JPY Discussion

Dove, I know about that Netdania glitch - that's why I look at X-minute chart to see the closing at 17:00

USD/JPY Discussion

ak4x, Very interesting explanation! However, my latest version of FxAccucharts looks different from your screenshot. I have properties menu accessible through Format-> Chart , but there are no options you mentioned...

USD/JPY Discussion

Southernmind, go to Insert - Fibonacci retracements. Than you have to expand the tool between the points you choose, Double clicking opens extended editing menu for it.

USD/JPY Discussion

Trader KGB is talking about this uncovered period between 16:30 and 17:00 on Friday. The deviation from Dove's method will happen if new hig or new low occurs during that short time. On the attached 5-min chart for the last Friday you can see the ...

USD/JPY Discussion

Careful, Trader, you just might end this complicated but working system as we know it

USD/JPY Discussion

Pivot calculations — The most important question is what quotes and times to most banks use to calculate the pivots? Indeed, Friday 17-00 closed at 108.17. Dove used 108.04 which is 16:59 on Sunday, right before the official open. What's even ...

USD/JPY Discussion

It's temporary. I expected to see dollar stregthen between May and July. That $150 bln stimulus package will work its way through like a quick fix on a junkie before it stimulates the Chinese economy. So, retail sales and employment numbers should ...

USD/JPY Discussion

While the markt is slow - off topic on exotic pair — Apologize for the off-topic, but there is no suitable thread for this Trying to work on that patience I found a nice trading opportunity with Norwegian Kroner - posted a story ...

USD/JPY Discussion

Few thoughts on pivot points while the market is painfully slow... — I can understand the general scepticism on pivot points. The pivots were hard to believe for me as a scientist - it simply seemed very illogical that this huge interbank ...

USD/JPY Discussion

Knowing importance and being fully qualified to give advice are two different things... Now I am at the point where I can advise on some aspects of trading. Besides, I hadn't been following this thread until I saw your name here by accident...

USD/JPY Discussion

Weekly pivots are also very important (I would say, equally important). For some reason, GBP/USD responds stronger to the weekly mid-pivots... I am sure Dove will discuss them on Sunday. For example, this week the levels were: R2 - 107.63 mid-point ...

USD/JPY Discussion

Imbiber, significant of the daily (and weekly!) pivot is that it is pivotal, meaning that price action needs enough momentum to go through it. Often consolidation takes place between the main and the central pivots, especially if there is 20-40 pips ...

USD/JPY Discussion