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GBP/JPY for QQE Traders!

  • #41
  • Jan 8, 2008 6:42am Jan 8, 2008 6:42am
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


Quoting fxtrader06
thanks it says I need a password do you know it
  • #42
  • Jan 8, 2008 8:04am Jan 8, 2008 8:04am
Candle has formed below US daily pivot, QQ5 has crossed down 50 level...
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  • #43
  • Jan 8, 2008 10:13am Jan 8, 2008 10:13am
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
  • #44
  • Jan 8, 2008 2:51pm Jan 8, 2008 2:51pm
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


Quoting Sith Lord
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.
  • #45
  • Jan 8, 2008 2:55pm Jan 8, 2008 2:55pm
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.
  • #46
  • Jan 8, 2008 9:05pm Jan 8, 2008 9:05pm
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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  • #47
  • Jan 8, 2008 9:27pm Jan 8, 2008 9:27pm
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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  • #48
  • Jan 8, 2008 9:28pm Jan 8, 2008 9:28pm
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.
  • #49
  • Jan 8, 2008 9:29pm Jan 8, 2008 9:29pm
Awesome analysis. What is your Gann HiLo price on your 1H?


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

1h strength approaching 50. Needs to cross and 1h candle close above gann line.
  • #50
  • Jan 8, 2008 9:35pm Jan 8, 2008 9:35pm
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.

Quoting mjolimer
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
  • #51
  • Jan 8, 2008 9:41pm Jan 8, 2008 9:41pm
Quoting Sith Lord
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.
  • #52
  • Jan 8, 2008 9:46pm Jan 8, 2008 9:46pm
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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  • #53
  • Jan 8, 2008 9:49pm Jan 8, 2008 9:49pm
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.


Quoting mjolimer
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.
  • #54
  • Jan 8, 2008 10:12pm Jan 8, 2008 10:12pm
Quoting Sith Lord
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
  • #55
  • Jan 8, 2008 10:30pm Jan 8, 2008 10:30pm
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.
  • #56
  • Jan 8, 2008 10:45pm Jan 8, 2008 10:45pm
Good luck ! Nice aggressive trade.

15M buy signal is triggered !!


Quoting mjolimer
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.
  • #57
  • Jan 8, 2008 10:46pm Jan 8, 2008 10:46pm
Wow...my TFT is 100pips different. No wonder you have a buy signal. i will look at my setup.

Quoting mjolimer
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
  • #58
  • Jan 8, 2008 10:50pm Jan 8, 2008 10:50pm
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



Quoting mjolimer
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.
  • #59
  • Jan 8, 2008 11:00pm Jan 8, 2008 11:00pm
Quoting Sith Lord
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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  • #60
  • Jan 8, 2008 11:28pm Jan 8, 2008 11:28pm
Quoting mjolimer
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...
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