Auslanco - GBP/JPY and GBP/USD (newstrade)

You may be missing one more TL...

You mean QQE60 should cross 50 line or cross dotted line?
And rentering a trade when QQE1 touch the 50 line cross back towards the QQE60 means what?

when we say QQE cross.. It's always cross the dotted line. there is no 50 line unless it clearly says '50 line cross' .

Mate, QQE60 cross means as you prefer to say solid line crossing the dotted line. If you want to reenter as the conditions support you have to wait QQE 1 to give the same signal as QQE 60 after touching the level

Yep! :-) Many things are possible!

Good Luck!

coming up on 8 PM in California . . . monitoring the 15mn strategy for signs of ERUPTION!

Hope everybody is having a GREAT day!

my charts currently showing 4hr, 30m and 15m momentum all pointing down

I think your on to something Brok......seemed as though this cycle was takin a bit long to complete....but with the other TL, it makes sense. good work mate.

and???

Remember newbies . . . IF IF IF IF anything LARGE begins to go down on the 15mn strategy . . . have patience! We are trading the 15 minute chart and you have time to assess the situation (a hard lesson I have learned!) It is far better to give up a few PIPS then to be stuck in a losing trade! UGH! Better yet, avoid a crummy trade altogether!

Only patience and calm can give you that edge.

So I will, and I'm sure, many of the TRUE GREATS here will post POTENTIAL 15mn trade developments as we see them . . . so listen and learn.

Regards, SW

Hey is momentum based on qqe ? it shaped like qqe1 , and qqe5 is shaped like 5,35,5 macd ... , wondering wats the relationship ...

and i'm passing time patiently waiting for this thing to go down and for Friday night beers!

so cheers

Momentum is a leading indicator.. The rest you have mentioned were lagging indicators.There is no relationship.


Here's discreption from VT ( posting for the 14th time , I love this job)

he momentum indicator is one of the simplest equations available in modern technical analysis. Momentum is a measure of price change velocity calculated as the difference between the current bar's price and the price a selected number of bars ago. Basically, it represents the rate of change of the trading instrument's price over those specified time periods. The faster prices rise, the larger the increase in momentum. The faster prices decline, the larger the decrease in momentum. As the price movement begins to slow the momentum will also slow and return to a more median level.

Interpretation

The Momentum indicator is a versatile indicator capable of producing a wide array of buy and sell signals. However, there are three basic methods of interpreting the Momentum indicator:

Zero-Level Crossovers: A buy signal occurs When Momentum crosses above zero and a sell signal occurs when momentum crosses below zero.

Extreme OverBought/Oversold Levels: To use Momentum as an overbought/oversold indicator, the user must identify potential overbought and oversold levels based on previous indicator readings; When choosing the overbought and oversold levels the user should ensure that at least two-thirds of previous Momentum values fall between the overbought and oversold levels. Readings above the overbought level imply an overbought condition (and a pending price correction) while readings below the oversold level imply an oversold condition (and a pending rally).

Trend Line Breakouts: Trend lines can be drawn connecting the peaks and troughs of the Momentum indicator. Often momentum begins to turn before price thereby making it a leading indicator. Momentum readings breaking above a declining trend line warns of a possible bullish reversal while momentum readings breaking below a rising trend line warns of a possible bearish reversal.

Implementation

The Price and Periods inputs have been parameterized to allow the user full customization of the Momentum indicator.

I will be going long when QQE1 cross upwards

Ya well I like the beer part

[quote=auslanco;1590334]

Here's discreption from VT ( posting for the 14th time , I love this job)


No wonder I haven't found it...

I've been looking for a description.

Now don't let the inmates ratttle you...
you were foreordained to this calling.

(jp) Pm Abe Has Been Hospitalized - Japan Press (note That Abe Has Said That He Will Remain As Pm Until His Successor Is Found)

Please forgive the ignorance but I would like the opinions of the 1KTs in this thread....

What makes the difference between tonight's expectations for a breakout and last night's?

Thank you!

E/J, U/J not moving

First I would like to point out.. 1KT tag is nothing but a certification that our lives are boring & dull... There are 100's of non 1KT members who are very competent in analyzing this pair.

Secondly, I'm not expecting a breakout as such.. Only waiting for a signal from the 15min strategy to go long or short. If a 200 + pips breakout happens thats bonus