Did you mean to say moving averages as opposed to trend lines because trend lines don't move. If you were talking about MAs which ones are they?

USD/JPY Discussion

Am I understanding Dove correctly by saying that we are to use the close of Sunday's candle at 5pm est on Sunday in calculating the daily pivots for Monday? Also, if on Sunday before the 5pm close, price moves higher or lower than the high/low on ...

USD/JPY Discussion

Forgive me for disrupting the current flow of the thread, but I wanted to know if the data for Sunday's candle (what is the timeframe for that by the way) is used to calculate the pivots for Monday's trading day? I ask because since Sunday is not a ...

USD/JPY Discussion

I'm showing that price bounced perfectly off the 50% fib (115.50) between the daily and weekly pivot.

USD/JPY Discussion

I just recently discovered the power of pitchforks and decided to draw some on usd/cad. I was amazed at what I saw and decided to share it with you all. This is a daily chart.

USDCAD trend reversal?

I just wanted to make sure that you weren't including other fib retracement levels in your analysis. However, you do mention the 50% level between pivots. Was I correct about the 50% levels I mentioned in my post?

USD/JPY Discussion

Thanks nmpeters!! That was what I was looking for. Also, does anyone know of any software application I can download that will allow me to view a word document? I would like to view the file of the compilation of Dove's post created by G-man but I ...

USD/JPY Discussion

I would like to gain a better understanding of the fib retracement. Is the 50% retracement the only retracement we have to concern ourselves with? If so, is it only the 50% retracement which occours between consecutive pivots, pivots and the daily ...

USD/JPY Discussion

Price bounced just one pip above the 50% retrace of 115.58.. These pivots really do work it seems.

USD/JPY Discussion

It really is a shame how the banks or whoever is the big money in forex move the market to take out positions. What valid reason could there be for the yen to be gaining strength right now? None that I can see. It truly is something to see how this ...

USD/JPY Discussion

I keep hearing you guys talk about the 50% retracement. What lines do you base the 50% retracement on? Is it between every pivot point?

USD/JPY Discussion

Dollar Yen 30 min chart

USD/JPY Discussion

Looks like I was correct. When price broke through the triangle (wedge), it came back and bounced off the top portion of it (which happened to coincide with the 23% fib line). Price shot past my stall target of 115.35 by about 15 pips but has since ...

USD/JPY Discussion

Based on a study I've done, if this uptrend continues, I'm looking at a stall in price around the 115.35 area with price reaching a daily high of 115.80, give or take a few pips. Let's see what happens.

USD/JPY Discussion

Quite right. It has broken it for now. I'm looking for a bounce off the upper trendline or the 261 ext.

USD/JPY Discussion

I'm showing on this 30min chart that this pair definitely wants to go up based on the constant bouncing off the fib levels I have drawn (the extra ones are drawn from the 261% to the 100%...a little something I came up with). Most of the times when ...

USD/JPY Discussion

Well, a new week is here. The JPY interest rate announcement this week is sure to add to the volatility. If they raise rates, look out below!!

USD/JPY Discussion

Dove, is there an option somewhere on Accucharts that can automatically plot the pivots?

USD/JPY Discussion

I end up missing good trades often by not taking a look at charts on the larger timeframes due to being so focused in on the smaller ones and the trade itself. I must do better as well. However, I won't gripe about it too much because I'm up 561% on ...

USD/JPY Discussion

Hey everyone, I just wanted to show you what I saw on the $/yen weekly chart. Price bottomed out exactly at the 138 ext.

USD/JPY Discussion