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GBP/JPY for QQE Traders!

  • #81
  • Jan 9, 2008 2:33am Jan 9, 2008 2:33am
Thanks Buddy. Nice to see this analysis !

Quoting ak47dan2004
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.
  • #82
  • Jan 9, 2008 2:34am Jan 9, 2008 2:34am
[
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.[/quote]

meaning ur first target 216.30...
  • #83
  • Jan 9, 2008 2:35am Jan 9, 2008 2:35am
My LONGS will start getting nervous at 215.15.

C'mon QQE5 1H/ 4H....don't fail us !


Quoting mjolimer
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
  • #84
  • Jan 9, 2008 2:59am Jan 9, 2008 2:59am
Quoting Sith Lord
My LONGS will start getting nervous at 215.15.

C'mon QQE5 1H/ 4H....don't fail us !
if the candle form above 214.50 we might see retrace again
  • #85
  • Jan 9, 2008 3:16am Jan 9, 2008 3:16am
hopefully 1 hr bar will close top of 214.50
  • #86
  • Jan 9, 2008 3:45am Jan 9, 2008 3:45am
Current Price is 214.38

Whoah....the Twin Bear brothers!

The QQE5 1Hr crossed down (Jap bear) at 215.40. QQE5 15M crossed down (Jap bear) at 215.65.

Lost at 215.00

Quoting Sith Lord
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.
  • #87
  • Edited 2:24pm Jan 9, 2008 4:13am | Edited 2:24pm
.
  • #88
  • Jan 9, 2008 4:21am Jan 9, 2008 4:21am
Current Price is 214.50

QQE5 15M starting to cross up. However buy signal won't be triggered until 215.20

QQE5 1H Jap Bears and below Gann HiLo
QQE5 4H Jap Bears and below Gann HiLo


Where is price?
1Hr 100sma = 215.30
Daily 5sma = 214.70 – 214.80
Daily Pivot = 215.02

Price is currently under these points -à Japanese Bears in town !
  • #89
  • Jan 9, 2008 4:23am Jan 9, 2008 4:23am
It's a pretty sick feeling whenever I lose pips.

That is why I keep telling myself "Trust Yourself. Never Doubt". "I can do this". Time to regroup.

Hope ppl are making some $$. Keep happy.
  • #90
  • Jan 9, 2008 4:38am Jan 9, 2008 4:38am
Hi,I cant understand why are you waiting for long signal,may be we should
look for short by 1h/4h strategy
  • #91
  • Jan 9, 2008 4:43am Jan 9, 2008 4:43am
The 15M strategy has potential LONG opportunity at 215.30ish...if you look at 15M strategy by itself.

However i think the 1H/4H strategy is bearish...QQE5 cross down and below GannHiLo



Quoting eleron
Hi,I cant understand why are you waiting for long signal,may be we should
look for short by 1h/4h strategy
  • #92
  • Jan 9, 2008 5:33am Jan 9, 2008 5:33am
nice to see some using aus' strategy. remember this is triple int wednesday so expect the DOW to rally at some point potentially driving the pj up. remember also that aus' strategy is not as effective in a ranging market so be careful. happy piping
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #93
  • Jan 9, 2008 5:39am Jan 9, 2008 5:39am
If u remember Q filter for 15 min strategy is 100 ema on 1H. Price must be above DP & 100 ema to go long.


Quoting Sith Lord
The 15M strategy has potential LONG opportunity at 215.30ish...if you look at 15M strategy by itself.

However i think the 1H/4H strategy is bearish...QQE5 cross down and below GannHiLo
It’s just emotions & money
  • #94
  • Jan 9, 2008 6:00am Jan 9, 2008 6:00am
Thanx for your advice...:-)

Quoting moneymagnet
nice to see some using aus' strategy. remember this is triple int wednesday so expect the DOW to rally at some point potentially driving the pj up. remember also that aus' strategy is not as effective in a ranging market so be careful. happy piping
  • #95
  • Jan 9, 2008 2:41pm Jan 9, 2008 2:41pm
Good morning QQE Traders !

I've just been revisiting my Aus' strategies. I think I will try and keep the 15M Strategy and 1H/4H Strategy seperate - why change something that ain't broke ?

My entries have been late on the 15M Strategy because I have been waiting for 1H/4H to align - it works sometimes but I will go back to the core strategy.

(1) 15M Strategy Update:

Current Price is 214.53 at 8.31pm London Time

Where is price?
1Hr 100sma = 215.15
Daily 5sma = 214.50 – 214.70
Daily Pivot = 215.20

Below 100sma, daily pivot and 5sma - must look for Shorts only

QQE Update
QQE5 15M = British bulls (crossed up and cross 50%)
Must wait for Pink Dot or Pink Sell Arrow

(2) 1H/ 4H Strategy Update:

QQE5 1H = Jap bears (QQE under 50% crossed down). Below GannHiLo 214.60
QQE5 4H = British bulls (still crossed up). Below GannHiLo 215.90
No trade - 4H setup is not ready

Anyone helping out with this strateg would be greatly appreciated. Thanks all who have contributed already. Look forward to more QQE Trading at London's opening.
  • #96
  • Jan 9, 2008 2:51pm Jan 9, 2008 2:51pm
What are your Limit goals when you take the 15M Strategy?

I think 75pips is safe from the time Dot and/or Arrow appears.
  • #97
  • Jan 9, 2008 3:08pm Jan 9, 2008 3:08pm
15M Buy Triggered at 214.60 (green arrow). QQE5 already crossed up and 50%

However price is still below 1H 100sma (215.15) and Daily Pivot (215.20). Wait - no entry setup
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy11_jan.JPG Size: 217 KB
  • #98
  • Jan 9, 2008 3:49pm Jan 9, 2008 3:49pm
Current price is 215.20

QQE5 1H has crossed up (bulls) and nearly above 50%. Above GannHiLo
QQE5 4H has crossed up (bulls) but below GannHiLo (215.75)

Wait to cross 215.75 for entry setup.
  • #99
  • Jan 9, 2008 4:04pm Jan 9, 2008 4:04pm
Current Price is 215.44

1H Buy Trigger (Arrow) looks like it will trigger around 215.70 - 215.80. This the same price as the 4H Gann HiLo break. Let's wait and see - no trade entry yet.

1H Chart below at 10pm London time.

The 15M Buy Strategy is on already at 215.25 - but I only trade Europe sessions.

Anyone else got any input?

Quoting Sith Lord
Current price is 215.20

QQE5 1H has crossed up (bulls) and nearly above 50%. Above GannHiLo
QQE5 4H has crossed up (bulls) but below GannHiLo (215.75)

Wait to cross 215.75 for entry setup.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy11_jan.JPG Size: 210 KB
  • #100
  • Jan 9, 2008 4:08pm Jan 9, 2008 4:08pm
Thanks MM for tips.
I think 15M Strategy can still makes alot of pips in ranging. Maybe 1H/4H not as effective.

Quoting moneymagnet
remember also that aus' strategy is not as effective in a ranging market so be careful. happy piping
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