When they cross and the following M5 bar closes above/below, and the QQE5 is going in that direction, enter.
It's a scalping system and you have to really watch it.
Today's been choppy so far, but I've only had 1 $45 loss and 5 wins totaling $633.
Has anyone seen this video is it similar to skunnys fibb style or a little different?
What pair do you trade
What is the spread you have and which broker?
I trade GY, GU, UJ, EU with it.
Mainly GY though.
It's been working great.
Last week, I only traded 2-3 hours for 4 nights and it hit about 800 pips.
how many pips
how many pips u target 10-20 ?
it's just a very mechanical, scalping technique I kinda worked up.
I know I didn't invent it or anything, just a few things I came up with that worked.
What's the feeling about all the 'moderate' aka Yellow, GBP news in an hour or so ?
Thank you for your reply and am bowled over by your results, but am still confused. On your posting you said 15M
When the 5sma's cross and a bar closes above/below, not touching the sma line, and the QQE cosses 50, enter short if below and long if above etc. and that you ride it until a bar closes touching the respective 5sma line.Exit.
Do you mean
1. 15M is the 15min chart?
2. that the 5sma crosses the new bar but that new bar is not touching the 5sma?
3. what do you mean by ' a bar close touching the respective 5 sma line ' if there only 1 line?
In your reply to me you say "When they cross and the following M5 bar closes abuv/below, and the QQE5 is going in that direction, enter " - are you on the 5 min. or the 15min. chart? and do you mean the QQE 50 line, not the 5?
Thank you again in advance for your reply and for your patience as i am trying to understand all this.novice
I originally was using this on the 15M chart.
Now, I use the 5M chart and seem to be getting a extra couple pips, per trade.
5SMA open and close
When the SMA lines cross and the candlestick AFTER the cross closes above, go long. Closes below, go short.
Ride the trade until they cross again and exti.
80% of the time it's spot on.
A few times, you'll exit early, but I got burned being greedy before, so I don't worry about missing a 'few' pips.
It's workin like a charm.
I still use the 15,h1,h4 and D charts to project price and direction and what not.
Just an easy, mechanical system that's making PIPs.
this was the last chart that I posted in here about 3 weeks ago
Original Post # 46905
Time for an Update ;
( Double click on chart to enlarge )
Turning into a problem child ........... ?
How come the British refuses to join the Euro Union
it's is unified efforts .........
Does any one truly know why ?
I use a very similar system but to fine tune my entries, using the 5sma channel (5sma high and 5sma low on 5m chart), entering on breakout and close beyond the channel, exiting if it gives a reversal signal. It is also really useful for trading pullbacks - so often price will surge 20-30 pips on GJ, then pull back 10 or 15, back into the channel to hit the 5sma close, although anywhere within the channel is acceptable. Like yourself Kujo, I used to trade this on the 15m, but the 5SMA works just fine. Perhaps a few more fakeouts but generally entry and exit are better.
Thank you ever so much. If it is ok with you to ask re 1 part which is still not clear to me.The 5sma as i understand it is a simple moving average of the 5 past closing prices and consists of a single line -so i don't understand how they have a close and an open -nor how they can cross if there is only one of them.
Am right to presume that you mean the candles on the 5min chart open and close and when you say when they cross - meaning going from a closing candle (on the 5min chart)to the next candle (open) they cross? and then use the QQE5 not 50?
You must think i am dense, so sorry to ask again. Am very grateful for your replies and help. Thank you in advance regards novice.
I am watching all this with great interest because I, too, am confused.. If a 5sma is a single line, how can it open and close and what can it cross?
Also, you started off with a QQE50 and now you say QQE5. Is this a line I should put in at the value of 5 on the QQE, instead of at the 50 point?
I am busting to give this a try but am still not sure how to apply it.Could you give us a copy of your chart so that all will be revealed?
Sorry to be such a thickie. Thanks for your generosity in sharing and hopefully, your patience.
2 different MA's
When you drag the Moving Average indicator onto your chart, you must do it from the Tools tab or it will apply it to close by default.
Here is the QQE indicator.
maybe this sin't the right place to ask this, but do you guys also give updates on other pairs?
If so could you give me a link to where you guys are doing this?
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