Stopped dead in its tracks at the 38.2 fib (119.84) from the 124.12-117.19 correction. A good scalping entry, as it just retraced back to the R1. The 200-day SMA is also at the 38.2 fib, but the technicals on the daily chart are looking their best ...

USD/JPY Discussion

Meant to ask about this. How much time before 17:00 ET on Sunday do you incorporate into that day's pivot calculation? Since the interbank market doesn't open up until 17:00 ET, is the pre-market Sunday trade data that meaningful?

USD/JPY Discussion

I'll save you the time, it absolutely won't work. There is no free lunch. Learn more about forward points and you'll understand how the futures are priced. All the major players in the market have automated systems which take advantage of any ...

interest hedge strategy - futures and forex

Some brokers may charge an overnight holding fee, but many do not. For the ones that don't, there's no cost of holding a futures contract itself, and the IRD is embedded in the price (which is often more favorable than the IRD on a spot position, as ...

interest hedge strategy - futures and forex

Affected to what degree? 10 pips off eur/usd's high is alarming? I see a small blip on all the majors. Not the effect of an assassination or bombing.

USD/JPY Discussion

Jumping to conclusions a bit. Could be normal market behavior. This is nothing compared to the sharp slide off 120.50 a couple weeks ago.

USD/JPY Discussion

That's very honorable of you. Enjoy your Sunday & God bless!

USD/JPY Discussion

Well my hat's off to you. Thanks for all of your help. I'm sure many here, including myself, have benefited from your wisdom & experience.

USD/JPY Discussion

dove, Just out of curiosity, have you always been an independent trader? Your execution these past couple weeks has been near flawless (and outstanding). You seem to fit the mark of a more experienced firm/bank trader. If this was all self-taught, ...

USD/JPY Discussion

So you follow the weekly and monthly pivots as well?

USD/JPY Discussion

Doesn't sound like much of a friend if you ask me..

How to be a trader for a company?

How were you 89 pips in the hole if fully hedged on both positions?

USD/JPY Discussion

So you hedged again when it fell below 118.18? What was your maximum drawdown during the trade? (unhedged unrealized loss) Or were you fully hedged until going long again at 117.70?

USD/JPY Discussion

dove - thanks for all of the help regarding pivots lately, it's been a great education. Unfortunately my pivots in QuoteTracker will always be off since my broker (IB) uses a 15:15 open (closed daily from 15:00 - 15:15). I'm looking into ways to ...

USD/JPY Discussion

118 out like lightning. New lows underway, long term trendline breached.

USD/JPY Discussion

There goes S1. My earlier prediction that we have another Thursday morning unfolding is no longer a prediction. dove, I don't know how you can be buying here, this could drop another 50-100 pips easily when europe and NY open.

USD/JPY Discussion

Ah but stochastics can remain oversold on the daily chart for weeks, even months. In a heavy trend, such as the sell-off underway, oscillators can be dangerous.

USD/JPY Discussion

dove, would you mind posting a screenshot of your chart & indicators? thanks Trying to see where you're seeing the oversold indication. I'm looking at the slow stochastics now on the 5-min chart and it went oversold (under 20) when U/J was at ...

USD/JPY Discussion

Doesn't that violate your don't trade based upon thought rule in a certain way? After all, isn't "oversold" a relative term?

USD/JPY Discussion

Very nice. Do you think the original T/P of 118.83 is a little ambitious given tonight's action elsewhere?

USD/JPY Discussion