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GBP/JPY for QQE Traders!

  • #101
  • Edited 4:58pm Jan 9, 2008 4:29pm | Edited 4:58pm
Hi Sith Lord, hi other traders;
I try to use Auslanco 4H/1H for last few weeks; M15 is to quick for me;
reading for last hour your thread I realized I made simple mistake while interpreting aus - fortunately not very important;
thanks for opening my eyes wider!

PS.
JPY and GBP are the weakest currencies at the moment (for last 2-3 hours) out of 8 main curr I monitor!
As far as GBP - traders anticipate most likely tommorrows rate cut, so GBP throwing out can last for next few (several) hours;
JPY (hopefully) will get stronger soon;
short for tomorrow (G/J) give us green pips I belive;

NZD, AUD and USD the strongest.
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  • #102
  • Edited 5:00pm Jan 9, 2008 4:47pm | Edited 5:00pm
Welcome BigZbig111 ! Please post your trades so we can all learn together.

I've been only following Aus strategies for 3 months so I am learning everyday (and slowing getting better). I am using QQE stand-alone on this thread - but am trying to see if my other personal strategies sync with QQE. Wish Aus was still around to help out.

Take care mate.


Quoting BigZbig111
Hi Sith Lord, hi other traders;
I try to use Auslanco 4H/1H for last few weeks; M15 is to quick for me;
reading for last hour your thread I realized I made simple mistake while interpreting aus - fortunately not very important;
thanks for opening my eyes wider!
  • #103
  • Jan 9, 2008 5:06pm Jan 9, 2008 5:06pm
Good tips. Need to be careful then.


Quoting BigZbig111
As far as GBP - traders anticipate most likely tommorrows rate cut, so GBP throwing out can last for next few (several) hours;
JPY (hopefully) will get stronger soon;
short for tomorrow (G/J) give us green pips I belive;

NZD, AUD and USD the strongest.
  • #104
  • Jan 9, 2008 5:59pm Jan 9, 2008 5:59pm
hey Sith,
How'd you end up doing last night ?
Had to deal with the drawdown from my longs from last night, but came out ok and scalped the heck outta it today to help make up for the 'profits' I thought I was gonna have last night.

short from 215.4 now with 214.4/213.8 as targets.
  • #105
  • Jan 9, 2008 6:56pm Jan 9, 2008 6:56pm
Hey Kujo mate !

I lost on the QQE trade -126pips yesterday, but scalped +64pips using my own (non-QQE) trades after the loss.

Can you post some charts on your entry decisions ? Good Luck.

Quoting kujo17
hey Sith,
How'd you end up doing last night ?
Had to deal with the drawdown from my longs from last night, but came out ok and scalped the heck outta it today to help make up for the 'profits' I thought I was gonna have last night.

short from 215.4 now with 214.4/213.8 as targets.
  • #106
  • Jan 9, 2008 7:12pm Jan 9, 2008 7:12pm
now I'll have to sit on this short, until the fall back down.
No worries. it's all over the map. it'll come around.
of course, I went in before all my signals, thinking I 'knew' what it was gonna do....... ahhh, the gy can bite.....
  • #107
  • Jan 9, 2008 7:44pm Jan 9, 2008 7:44pm
ahh, now's she's turned around and heading south.......
Hope to ride her down for 100 or so.

we'll see.......
  • #108
  • Jan 9, 2008 8:42pm Jan 9, 2008 8:42pm
pls help me! I use Mt4, I do not know how to set daily pivot? why my daily pivot is different, I am in canada east, so my start hour is 8, and when I want to buy or sell during London period, then I should change it to 3, is it correct? thanks a lot!
  • #109
  • Jan 9, 2008 8:47pm Jan 9, 2008 8:47pm
yes, 03:00 for London.
  • #110
  • Edited 12:29am Jan 10, 2008 12:09am | Edited 12:29am
Current Price is 214.57 at 6.00am London Time


News Alert = GBP Interest Rate Annoucement due out in 6 hours


1) 15M Strategy Update:

1H 100sma = 215.10
Daily 5sma = 214.60-70
Daily Pivot = 216.00

Price is Bearish on 100sma & daily pivot = Bearish.

QQE Update:
QQE5 15M = Bears (crossed down and below 50%)
QQE60 15M = Bears
**Arrow Signals = Pink Bear Arrow has been triggered at 214.73! (Green Bull Arrow trigger point is 215.17)

Price needs to be above Daily Pivot 216.00 if you want to go LONG. In the meantime market is on the SHORT side on the 15M


(2) 1H/ 4H Strategy Update:

QQE5 4H = Bulls (crossed up). Bearish on GannHiLo 215.40.
QQE5 1H = neutral – but moving down (below 50%). Bearish on GannHiLo 215.20


No trade – 1H/4H setup is not ready.
  • #111
  • Jan 10, 2008 12:30am Jan 10, 2008 12:30am
what's your input on the GannHiLow ? 10 ?

My 4H GannHiLow is at 215.73
  • #112
  • Jan 10, 2008 12:32am Jan 10, 2008 12:32am
Hey kujo....are you still in your short trade? good luck


Quoting kujo17

short from 215.4 now with 214.4/213.8 as targets.
  • #113
  • Jan 10, 2008 12:34am Jan 10, 2008 12:34am
Yeah man - my Gann HiLo Activator is on 10 too. It is about 215.45 - 50ish.


Quoting kujo17
what's your input on the GannHiLow ? 10 ?

My 4H GannHiLow is at 215.73
  • #114
  • Jan 10, 2008 12:37am Jan 10, 2008 12:37am
Quoting Sith Lord
Hey kujo....are you still in your short trade? good luck
Yup. tp's at 214.2 and that'll be 111pips !!

Then, hope for a nice Up swing before the news, to get out of this last Long I'm carrying, but if the BOE doens't drop the rate .25%, then it'll jack WAY up and that'll be NICE.
  • #115
  • Jan 10, 2008 12:38am Jan 10, 2008 12:38am
Quoting Sith Lord
Yeah man - my Gann HiLo Activator is on 10 too. It is about 215.45 - 50ish.
strange. 215.73 is mine......

mt4 with IBFX..... bizarre.
  • #116
  • Jan 10, 2008 1:34am Jan 10, 2008 1:34am
do anyone here have attention on long today...
any news about today interest rate...possiblity decision...just asking
  • #117
  • Jan 10, 2008 1:35am Jan 10, 2008 1:35am
Last 8 hrs of curr trend
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  • #118
  • Jan 10, 2008 1:40am Jan 10, 2008 1:40am
Quoting ammaramani
do anyone here have attention on long today...
any news about today interest rate...possiblity decision...just asking
I took a short at 214.73 I'll be watching for gbp data at 4:30
  • #119
  • Jan 10, 2008 1:48am Jan 10, 2008 1:48am
Nice work price - was that entry from the QQE5 15M sell arrow?


Quoting price
I took a short at 214.73 I'll be watching for gbp data at 4:30
  • #120
  • Jan 10, 2008 1:49am Jan 10, 2008 1:49am
Which long are you talking about ?
How was your open trade yesterday.

Quoting ammaramani
do anyone here have attention on long today...
any news about today interest rate...possiblity decision...just asking
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