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-   -   GBP/JPY for QQE Traders! (https://www.forexfactory.com/showthread.php?t=63831)

Freewheelin Jan 22, 2008 3:13am | Post# 461

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May I suggest something?

As you can see today the QQE60 is too slow for 15min timeframe sometimes. Big moves are passing (me whining )

If you are trading the asian session and don't get signal on 15min, switch to 5min TF and use QQE21 instead.
Don't look at SMA, they are to slow. Important is the cross of QQE21 in relation to the pivot point: Down cross below pivot point and vice versa.
Attached you'll find todays' chart, my entry at 206.07 (open of candle) is marked with a black arrow: QQE21 crossed down below pivot point before. Then I've been waiting for QQE5 to cross the 50line down. This was my trigger.

I've tried this last week and this one - it always worked out for me. I am a little chicken and took 50pips and ran away. Some trades were good for more than 100.

Important: Only used this in late asia session (10:30pm EST) and the beginning of London, which I set to 2am EST !!!

Hope, this could help some of you.

Greetings
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Sith Lord Jan 22, 2008 3:14am | Post# 462

Mate...keep those pips rolling in ! You have quite a few nappies to buy.
Congrats on the great news. And thanks again for sharing your 5M Scalping Strategy.

Intentional grounding........ ;-) (American Football metaphors, for all my English and Aussie mates)

man, trading, taking care of an 18 month old and a wife that's 8 months pregnant with twin girls is tiring and draining.....

HidaBull Jan 22, 2008 3:25am | Post# 463

What happens!? This is a huge jump up!

judith Jan 22, 2008 3:26am | Post# 464

any idea why this thing is shooting up like that???

ak4x Jan 22, 2008 3:27am | Post# 465

GBP/JPY can swing 50 pips even if the Japanese Prime minister Farts”: Auslanco

blueruby Jan 22, 2008 3:29am | Post# 466

Somebody knows something I don't know. Somebody with billions of $.

Freewheelin Jan 22, 2008 3:30am | Post# 467

GY is a beast.
Only I can see is bad news for CHF. Maybe the BOJ gov is farting around?

Sith Lord Jan 22, 2008 3:30am | Post# 468

British Prime Minister must be eating lots of beans !

any idea why this thing is shooting up like that???

HidaBull Jan 22, 2008 3:30am | Post# 469

Hope it goes down at same speed

trader07 Jan 22, 2008 3:34am | Post# 470

EURO-YEN: Russian name reported to be buying euro-yen and sterling-yen

`aggressively` euro-yen pushing back above Y153.00 to currently trade

around Y153.15. Offers remain in place at Y153.80/154.00.

trader07 Jan 22, 2008 3:35am | Post# 471

CABLE: Russian demand for sterling-yen along with strong demand from

the Mid East area cited for cable`s strong recovery the rate posting

recovery highs at $1.9453 from early European lows of $1.9338. Offers

were reported in place to $1.9450 earlier with one trader suggesting

that rate needs to clear $1.9455/60 to trigger stops. Next band of

resistance noted between $1.9480/85 ahead of $1.9500/10.

parlenk Jan 22, 2008 3:38am | Post# 472

Lol..my oh my..just a couple minutes go to the toilet but my sell pending order already hit.BEAST!!!!

Hope it goes down at same speed

Freewheelin Jan 22, 2008 3:39am | Post# 473

Trader07, where do you get those informations from?

Sith Lord Jan 22, 2008 3:39am | Post# 474

Thanks Freewheelin for this tip - I'll check it out and test !!
Appreciate your help.


If you are trading the asian session and don't get signal on 15min, switch to 5min TF and use QQE21 instead.
Don't look at SMA, they are to slow. Important is the cross of QQE21 in relation to the pivot point: Down cross below pivot point and vice versa.
Attached you'll find todays' chart, my entry at 206.07 (open of candle) is marked with a black arrow: QQE21 crossed down below pivot point before. Then I've been waiting for QQE5 to cross the 50line down. This was my trigger.

JCash Jan 22, 2008 3:40am | Post# 475

CABLE: Russian demand for sterling-yen along with strong demand from

the Mid East area cited for cable`s strong recovery the rate posting

recovery highs at $1.9453 from early European lows of $1.9338. Offers

were reported in place to $1.9450 earlier with one trader suggesting

that rate needs to clear $1.9455/60 to trigger stops. Next band of

resistance noted between $1.9480/85 ahead of $1.9500/10.
0449 GMT [Dow Jones] Russian names sold substantial amounts GBP/JPY from 206.30-206.40 in last 30 minutes, driving pair down to 205.40-205.50, says Singapore dealer. GBP/JPY last 205.50.(LST)

So, they sold or bought GBP?

Freewheelin Jan 22, 2008 3:43am | Post# 476

[quote=J
So, they sold or bought GBP? [/quote]

by looking at the chart I'd bet they bought...

blueruby Jan 22, 2008 3:43am | Post# 477

CABLE: Russian demand for sterling-yen along with strong demand from

the Mid East area cited for cable`s strong recovery the rate posting

recovery highs at $1.9453 from early European lows of $1.9338. Offers

were reported in place to $1.9450 earlier with one trader suggesting

that rate needs to clear $1.9455/60 to trigger stops. Next band of

resistance noted between $1.9480/85 ahead of $1.9500/10.
I guess they're not familiar with the concept of "driving the price up on yourself". haha

I guess the question is, why would they want to drive price that much? I don't know the answer, so I'll probably stay out for the rest of today.

kujo17 Jan 22, 2008 3:48am | Post# 478

Holy Cow...... so much for getting some sleep.
Glad I got out of the shorts down at 205 area.
Now, if we can ride down to 204.72 from here.... ;-)

Freewheelin Jan 22, 2008 3:49am | Post# 479

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Lol..my oh my..just a couple minutes go to the toilet but my sell pending order already hit.BEAST!!!!
Hi palenk,

this is what you need
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magnumfreak Jan 22, 2008 3:53am | Post# 480

Hi palenk,

this is what you need
All you need to add to that is a microwave and a fridge. LOL!

Spike in price really kicked in when they published highlights from BOJ speech. Strange night for trading.


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