Good Point — Very good point!

USD/JPY Discussion

So simple — Such a simple but effective way! I didn't think about that - especially because I'm a short term trader on the 5,15,30 charts. zooming out really does help!! Thanks

USD/JPY Discussion

LOL — hahah - I bet! I'm just trying to figure out the retracement vs. reversals and how to pick them out. That is definitely a weakness of mine

USD/JPY Discussion

What?? — Dove, What's going on - it sounded to me like you were implying this was going to go up. Since then the EURJPY has fallen 55 PIPs and the USDJPY has fallen 25 PIPs

USD/JPY Discussion

Down — I guess we were headed down then?

USD/JPY Discussion

Hmmm — Sounds like a practice I need to start implementing

USD/JPY Discussion

Down or Mixed? — From looking at the EURJPY, around 2:45pm EST, it fell 23 PIPs from its nice uptrend and fell under R1 which I have at 166.55 What I don't understand is - is this a buying opportunity, or a reversal of the trend, or is it ...

USD/JPY Discussion

Good Advice — Seems I got one thing right then! I'm trying to consistently capture 20PIPs a day. I tend to do that in the mornings, but lose it in the afternoons. I guess the obvious answer is to quit trading in the afternoons

USD/JPY Discussion

Charts — Thanks!! It helps to correlate these pairs. It seems at the beginning of the London/US session, you can pretty much tell where the pair is going to go for the most part, it's just figuring out what to do when the pair loses steam.

USD/JPY Discussion

Congrats!!!! — Awesome results Dove!

USD/JPY Discussion

Down? — Looks like we just fell under 107.00 again Think we are heading down back to the 106.50 level?

USD/JPY Discussion

Here here! — I 100% agree

USD/JPY Discussion

I guess we figure who is left to buy after 2.5 solid up days. :-) With that said, I closed my short I had and went long at 107.63 - It looks to be heading towards up to R1 at 107.78

USD/JPY Discussion

DO IT!!!!! — Dove, PLEASE take Bruce up on his offer to have a face-off!!! This would be the ultimate fight - fundamentals vs. technicals! We need some sort of entertainment while all the TV shows are in re-runs for the summer. *grin* And - we ...

USD/JPY Discussion

HAHAH — At least you still have your sense of humor! hahah

USD/JPY Discussion

Wish you luck — Been there buddy on the margin call. Overconfidence can be a bad,bad thing. I do hope this bloated pair comes down and bails you out though. My story didn't have as happy of an ending.

USD/JPY Discussion

To me though - it looks like the EUR/USD is way oversold, and the USD/JPY is way overbought. Looks like a timebomb waiting for both pairs to reverse. I'm sure I'm probably missing something though - is there any kind of indicator you are wanting to ...

USD/JPY Discussion

Hey Dove! Quick question - what would you need to see happen on the USD/JPY to see the trend reverse?

USD/JPY Discussion

Overbought? — Pulling up a 5,3,3 Stoch. on the USD/JPY - every chart is above 80 except for the M1! And the stupid thing still isn't coming down! *hahha* I'm currently short at 107.26

USD/JPY Discussion

Strong Dollar — I agree - USD/JPY just wants to go up from the looks of it, but most of the talk on here as been 'short'. Eventually it will come down for 50-100 PIPs, but then come back strong with a 200PIP gain. USD/JPY is almost at it's ...

USD/JPY Discussion