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

Sith Lord Jan 8, 2008 7:42am | Post# 41

I wouldn't have a clue what the passwords is.
I got my downloads from FF - try this link (post 224). Also try page 17 if you are not using VT Trader software.

Good luck.

http://www.forexfactory.com/showthre...=41509&page=15


thanks it says I need a password do you know it

el_gato Jan 8, 2008 9:04am | Post# 42

1 Attachment(s)
Candle has formed below US daily pivot, QQ5 has crossed down 50 level...
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Name: aus15.gif
Size: 14 KB

mjolimer Jan 8, 2008 11:13am | Post# 43

still no trade for me
 
It's just not lining up for me today.

Best chance is still a 15minute buy... but if we go down to 215.50 then it'll be below the day 5sma and the 1h 100sma so a 15 minute sell could be a possiblity.

Patience.

Anyone see anything i've missed?

John

Sith Lord Jan 8, 2008 3:51pm | Post# 44

Morning update
 
Current price is 214.98

Good morning everyone !! Looks like there was alot of action in the US Session.

Right now the QQE5 1HR has crossed down (Jap bears) and crossed the 50% line (Jap bears). The Gann HiLo on the 1HR is 216.50 and has been Jap bears all US Session. Also the Sell Trigger on the 1HR was triggered about 5 hours ago at 215.80. Whenever you get two sell triggers (1HR and 15M) that is a good entry sign.

QQE5 4HR is still British bulls BUT NEARLY BROKEN the Gann HiLo at 214.75

QQE5 15M had a sell signal about an hour and half ago. QQE crossed down (Jap bears) and broken the 50% line


Current price is 216.32

QQE5 1H looks like it is crossing down (Jap bears). QQE5 15M is about to cross down pass 50% (Jap bears).

Key price point is on the 1H chart: the Gann HiLo price is around 215.70. If price continues to fall to around 215.70 we will also be below the 1H 100SMA. BEAR territory !!!! Be careful.

Sith Lord Jan 8, 2008 3:55pm | Post# 45

Daily 5SMA is around 214.80 - 215.00. Price action is around this area.


This area (214.80 - 215.00) looks like intermediate support. It is crucial price point. Keep watching your QQE indicators and 4HR Gann HiLo. Will need to see what happens 3 hours before London opens.

mjolimer Jan 8, 2008 10:05pm | Post# 46

1h 4h setup
 
1 Attachment(s)
4h crossed up and candle formed above gann. Momentum up.

1h strength approaching 50. Needs to cross and 1h candle close above gann line.
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Name: 8 jan 1h4h setup.jpg
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mjolimer Jan 8, 2008 10:27pm | Post# 47

15 m sell setup
 
1 Attachment(s)
If price doesn't go up for the 4h / 1h buy the other scenario that looks promising is a 15m sell.

Price is below pivot and 100sma on 1h chart.

Setup just needs the 15m qqe to cross down and confirm.

I think ill hang around for a short while to see if it happens.. then back to bed. (I live in UK)

Also.. I'm sure many will be looking at that pin bar on the daily... I've given up trying to guess what price will do.. sell looks good.. but i've seen it turn and i'm not going in til it lines up perfectly.

John
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Sith Lord Jan 8, 2008 10:28pm | Post# 48

Pre London opening
 
Current price is 215.18

Where is price?
1Hr 100sma = 215.51
Daily 5sma = 214.70 – 215.00
Daily Pivot = 215.02

Price is currently stuck within this range 214.80 - 215.50 (neutral zone)

QQE Update
QQE5 4HR = British bulls (crossed up). Price is right on Gann HiLo around 215.00 (neutral)

QQE5 1HR = Jap bears (crossed down and below 50%). Price is below Gann HiLo of 215.61 (Jap bears). Buy Signal will only be triggered at 216.58 – this is over 140 pips away. So Jap grizzly bears strong on 1H. If price breaks 216.50 the British bulls are back in – this will align with QQE5 4H and we should see a good long.

QQE5 15M = Jap bears (about to cross down and below 50%). Looking like Jap bears. Buy signal on 15M will be triggered at 215.50. However QQE cross down we have to be a Jap bear for now.


Outlook for opportunities:
Longs should be above 215.51. 15M trigger is 215.50 (Aggressive). 1H trigger is 216.50 (bullish).
Shorts should be below 214.70. If price hits 214.85 we could see 214.00 -214.20
Aggressive traders can take anything in between 214.70 – 215.50

Jap bears (shorts) looking stronger at the moment – look for opportunity to sell. However if price moves to 215.51 start looking for QQE behaviour on 1H. Still over 3 hours away from London opening.

Sith Lord Jan 8, 2008 10:29pm | Post# 49

Awesome analysis. What is your Gann HiLo price on your 1H?


4h crossed up and candle formed above gann. Momentum up.

1h strength approaching 50. Needs to cross and 1h candle close above gann line.

Sith Lord Jan 8, 2008 10:35pm | Post# 50

Agree - a QQE5 15M cross down (Jap bears) will be a good entry around this price now 215.20

Must wait until QQE cross down.

If price doesn't go up for the 4h / 1h buy the other scenario that looks promising is a 15m sell.

Price is below pivot and 100sma on 1h chart.

Setup just needs the 15m qqe to cross down and confirm.

John

mjolimer Jan 8, 2008 10:41pm | Post# 51

Awesome analysis. What is your Gann HiLo price on your 1H?
Mine is at 215.46.

We seem to be seeing the same things in the charts. It's great to have confirmation from others using the same system.

John

PS. I keep my vt charts on bid price all the time.

Sith Lord Jan 8, 2008 10:46pm | Post# 52

15M chart setup - waiting
 
1 Attachment(s)
Current price is 215.23

15M chart is 3 hours before London opening.

Waiting for QQE5 15M to cross down for SHORT (Jap bears). This will align with QQE5 1H and start forming below 1H 100sma, Daily pivot and Daily 5sma. If triggered for sell 215.00 looks like nice number.

Jap bears will be moving with the overall trend.
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Name: gbpjpy10_jan.JPG
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Sith Lord Jan 8, 2008 10:49pm | Post# 53

Thanks mjolimer - don't you mean 216.46 and not 215.46 ?

Above 216.50 (break of 1H Gann HiLo) and british bulls are back.


Mine is at 215.46.

We seem to be seeing the same things in the charts. It's great to have confirmation from others using the same system.

John

PS. I keep my vt charts on bid price all the time.

mjolimer Jan 8, 2008 11:12pm | Post# 54

Thanks mjolimer - don't you mean 216.46 and not 215.46 ?

Above 216.50 (break of 1H Gann HiLo) and british bulls are back.
Ummm.. my indicator is actually the tft. Which i believe is the same as the gann hi / lo

My one hour line is at 215.37

Current price is at 215.39 on my charts so right on it at the moment.

and just getting signal as i write for 15 to cross the level stop / reverse indicator.. for a buy.. needs to confirm though

mjolimer Jan 8, 2008 11:30pm | Post# 55

I've taken a buy @21558 stop 21470 target 21700.

If it goes my way and hits that target then the 1h 4h setup might encourage me add some more contracts perhaps for a higher target.

Fingers crossed. The die is cast.

Sith Lord Jan 8, 2008 11:45pm | Post# 56

Good luck ! Nice aggressive trade.

15M buy signal is triggered !!


I've taken a buy @21558 stop 21470 target 21700.

If it goes my way and hits that target then the 1h 4h setup might encourage me add some more contracts perhaps for a higher target.

Fingers crossed. The die is cast.

Sith Lord Jan 8, 2008 11:46pm | Post# 57

Wow...my TFT is 100pips different. No wonder you have a buy signal. i will look at my setup.

Ummm.. my indicator is actually the tft. Which i believe is the same as the gann hi / lo

My one hour line is at 215.37

Current price is at 215.39 on my charts so right on it at the moment.

and just getting signal as i write for 15 to cross the level stop / reverse indicator.. for a buy.. needs to confirm though

Sith Lord Jan 8, 2008 11:50pm | Post# 58

Current Price is 215.64

I'm going to wait out on the QQE5 1H. My charts still say Jap Bears - they have not crossed up just yet. But looking VERY GOOD for longs now. Nice



I've taken a buy @21558 stop 21470 target 21700.

If it goes my way and hits that target then the 1h 4h setup might encourage me add some more contracts perhaps for a higher target.

Fingers crossed. The die is cast.

mjolimer Jan 9, 2008 12:00am | Post# 59

1 Attachment(s)
Wow...my TFT is 100pips different. No wonder you have a buy signal. i will look at my setup.
My tft is set at 10.

Look at that 1h strength indicator.. if we can just get a close above the 50 then the 1h / 4h set looks to be on to me.... which would be nice.

John
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ammaramani Jan 9, 2008 12:28am | Post# 60

My tft is set at 10.

Look at that 1h strength indicator.. if we can just get a close above the 50 then the 1h / 4h set looks to be on to me.... which would be nice.

John

well mate...showing the train had move ur way...

Sith Lord Jan 9, 2008 12:37am | Post# 61

All QQE5 have crossed up (British Bulls) on 4H, 1H and 15M

QQE5 15M buy signal at 215.40
QQE5 1H Gann HiLo cross at 215.45

Anyone else in LONG? I still can't quite time my entries (so still waiting)

ammaramani Jan 9, 2008 12:42am | Post# 62

All QQE5 have crossed up (British Bulls) on 4H, 1H and 15M

QQE5 15M buy signal at 215.40
QQE5 1H Gann HiLo cross at 215.45

Anyone else in LONG? I still can't quite time my entries (so still waiting)
buy at 215.55..waiting it pass 216.30 to set t/p at 217.00

Sith Lord Jan 9, 2008 12:45am | Post# 63

Lesson in Patience
 
1 Attachment(s)
Current price is 215.86

This is a classic example to wait until all signals are setup. 2 hours ago it looked like QQE5 15M was going to cross down (Jap bears) and go with QQE5 1H. As time went on QQE5 15M never crossed down.

Instead QQE5 15M was British bulls and QQE5 1H crossed up (british bulls) around 215.50.

I am waiting for London opening in 1 hour.


Current price is 215.23

15M chart is 3 hours before London opening.

Waiting for QQE5 15M to cross down for SHORT (Jap bears). This will align with QQE5 1H and start forming below 1H 100sma, Daily pivot and Daily 5sma. If triggered for sell 215.00 looks like nice number.

Jap bears will be moving with the overall trend.
Click to Enlarge

Name: gbpjpy10_jan.JPG
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kujo17 Jan 9, 2008 12:53am | Post# 64

I'm long from 215.05 and 215.6.

216.62 (R1) would be fine for my lot size.
if it pushes above, set the trailing stop and head to bed.

After London opens of course.....

k

Sith Lord Jan 9, 2008 1:04am | Post# 65

Good Luck ! Nice profits.


I'm long from 215.05 and 215.6.

216.62 (R1) would be fine for my lot size.
if it pushes above, set the trailing stop and head to bed.

After London opens of course.....

k

AlphaGA Jan 9, 2008 1:09am | Post# 66

4H/1H strategy..
 
Isn't this the good old Aus's 4H strategy?

Sorry just making sure if I understood right.

~G.

Sith Lord Jan 9, 2008 1:11am | Post# 67

Yes - please join us !!


Isn't this the good old Aus's 4H strategy?

Sorry just making sure if I understood right.

~G.

Sith Lord Jan 9, 2008 1:13am | Post# 68

I'm long at 216.26 - not the best price but have a long stop at 215.00.

My heart is beating but my motto is "Never Doubt".

kujo17 Jan 9, 2008 1:16am | Post# 69

I'm long at 216.26 - not the best price but have a long stop at 215.00.

My heart is beating but my motto is "Never Doubt".
TS to 218 !!! ;-)

HidaBull Jan 9, 2008 1:17am | Post# 70

"Better late than never"

Sith Lord Jan 9, 2008 1:20am | Post# 71

What is TS mean ?

TS to 218 !!! ;-)

Sith Lord Jan 9, 2008 1:32am | Post# 72

Current price is 216.24

I need to work on my entries. I think the 15M QQE crosses are very good entry points when it crosses 50%. I have entered at overbought zone but hope this will ride out to 217.00+

"Better late than never"

ammaramani Jan 9, 2008 1:33am | Post# 73

"Better late than never"

Hopefully not to make it as habits bro...im learn in hard way cause of that attitude...unless you have big money...

:better loose not trading than loose on trading"

Sith Lord Jan 9, 2008 1:36am | Post# 74

Very good quote. I'll write that one down !



:better loose not trading than loose on trading"

HidaBull Jan 9, 2008 1:37am | Post# 75

Hopefully not to make it as habits bro...im learn in hard way cause of that attitude...unless you have big money...

:better loose not trading than loose on trading"

I agree, you need to still be profitable, I meant late as being still able to pick some pips

kujo17 Jan 9, 2008 1:39am | Post# 76

What is TS mean ?
Trailing Stop

Sith Lord Jan 9, 2008 3:10am | Post# 77

1 Attachment(s)
Current Price is 215.55

QQE5 15M has crossed down (Jap bears) at 215.65 with Sell Trigger

Keep a close eye on QQE5 1H (British bulls). Gann HiLo on 1H is 215.20
Click to Enlarge

Name: gbpjpy10_jan.JPG
Size: 218 KB

Sith Lord Jan 9, 2008 3:22am | Post# 78

When our Twin brothers - QQE5 15M and QQE5 1H - move in the same direction we should see some good fireworks.

For my sake I hope QQE5 15M cross up in the direction of QQE5 1H and 4H.

mjolimer Jan 9, 2008 3:23am | Post# 79

bounce off the 50 ema.. retrace to 4h 5sma

i'm still hopeful, and will not change my targets / stops.

fingers still crossed.. it looked to me to be the perfect 1h / 4h setup so i guess it stands a reasonable chance

John

ak47dan2004 Jan 9, 2008 3:26am | Post# 80

maybe this is the slight move down
Time: 07:29 (GMT +1) Ticker: GBPJPY Last: 216.2 Pivot: 215.1 1st sup. 215.1 2nd sup. 214.35 3rd sup. 213.5 1st res. 216.5 2nd res. 216.85 3rd res. 217.5 Title: GBP/JPY intraday: bullish above 215.10 Summary: Update on supports and resistances. Story: Pivot: 215.1

Our preference: Long @ 215.3 with targets @ 216.5 & 216.85 in extension.

Alternative scenario: Below 215.1 look for further downside with 214.35 & 213.5 as targets.

Comment: the RSI is bullish but lacks upward momentum, the pair should face a slight down move ahead of a rebound.


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