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GBP/JPY for QQE Traders!

  • #181
  • Jan 11, 2008 12:02am Jan 11, 2008 12:02am
Awesome work Pip Cruiser !


Quoting Pips_Cruiser
My TP was just hit at 213.65 . . . a couple pips on the conservative side, due to some previous "experiences".
  • #182
  • Jan 11, 2008 12:06am Jan 11, 2008 12:06am
Quoting Sith Lord
Awesome work Pip Cruiser !
Looks like I could have squeezed quite a few more pips out of it, but there was no way of knowing that in advance. Sometimes it's best to take a good but conservative profit, and then go enjoy life for awhile . . .

  • #183
  • Jan 11, 2008 12:08am Jan 11, 2008 12:08am
I've attached my 15M chart for learning opportunity.

Pip Cruiser has just delievered the perfect trade. PC took the trade at the Sell Arrow Signal of 214.25 when QQE5 was crossed pass 50.

Also this confirms my Twin Brother Theory - when Twin Brothers QQE5 15M and QQE5 1H cross in the same direction the market moves strongly for 75- 100pips !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy11_jan.JPG Size: 217 KB
  • #184
  • Jan 11, 2008 12:08am Jan 11, 2008 12:08am
215.01 to 214.30
214.20 to 213.10

Nice..... now Aus's bounce up to 219 and we're ready for the weekend !
  • #185
  • Jan 11, 2008 12:09am Jan 11, 2008 12:09am
Nice work mate - was that a QQE Trade ?

Quoting kujo17
short from 215.01.... tp's hit as well...breach of S2 now... damn.
  • #186
  • Jan 11, 2008 12:14am Jan 11, 2008 12:14am
Quoting Sith Lord
I've attached my 15M chart for learning opportunity.

Pip Cruiser has just delievered the perfect trade. PC took the trade at the Sell Arrow Signal of 214.25 when QQE5 was crossed pass 50.

Also this confirms my Twin Brother Theory - when Twin Brothers QQE5 15M and QQE5 1H cross in the same direction the market moves strongly for 75- 100pips !
I always prefer to see the 1H QQE crossed in the direction of the trade. Glad you're noticing that too, and passing it on. Have a great day everyone!

  • #187
  • Jan 11, 2008 12:30am Jan 11, 2008 12:30am
Quoting Sith Lord
Nice work mate - was that a QQE Trade ?
my KISS system, which utilizes QQE.

215.01 to 214.30
214.20 to 213.10
  • #188
  • Jan 11, 2008 1:06am Jan 11, 2008 1:06am
210.66, h4 S3........ maybe ? Damn......

IF it hits that, what's this beast going to retrace up to ? What a run down.....
  • #189
  • Jan 11, 2008 1:08am Jan 11, 2008 1:08am
Last two hours just added that new IWC to my collection !!! ;-) kidding....maybe.....

OT, but any other WIS here ? (watch idiot savants)
  • #190
  • Jan 11, 2008 4:29am Jan 11, 2008 4:29am
Wow – so much QQE action at the London opening !!!


Current Price is 212.75 at 10.27am London Time
News Alert = US Trade Balance due at 1.30pm London Time

1) 15M Strategy Update:

1H 100sma = 214.90
Daily 5sma = 214.50
Daily Pivot = 213.50

Price is totally Bearish on 100sma & daily 5sma.

QQE Update:
QQE5 15M = Bulls (crossed up but below 50%)
QQE60 15M = Bears
**Arrow Signals = Pink Bear Arrow triggered at 214.25 (opportunity now missed). Green Bull Arrow at 213.20

Price needs to be above 1H 100sma 214.90 if you want to go LONG. In the meantime market is on the SHORT side on 15M strategy.

Best opportunity currently is to wait for QQE to cross up pass 50% (bullish) and then wait for QQE5 to cross down for Bear move - this will take a few hours for a setup.


(2) 1H/ 4H Strategy Update

QQE5 4H = Bears (crossed down). Bears on GannHiLo 214.90.
QQE5 1H = Bears (crossed down and below 50%). Bears on GannHiLo 213.26

4H Candle has closed at 212.65


Trade setup – because 1H QQE is way below 50% wait for QQE to cross up to 50% for retracement (bullish) and then turn cross back down pass 50% (bearish). This looks like happening today !!!

Keep constantly updating your QQE analysis. Price can easily invalidate analysis in a few hours !

Good Luck

Sith
  • #191
  • Jan 11, 2008 3:49pm Jan 11, 2008 3:49pm
Good morning all - it's Saturday morning here in Syd !

From next week I will introduce a 3rd Strategy in this thread:

 

  1. 15M Strategy
  2. 1H/4H Strategy
  3. Sith's Twin Brother (15M/1H) Strategy

I hope to send through my rules on Twin Brother's over the next few days. I will commence some live trades from next week for all 3 Strategies.

Why a 3rd Strategy?

Whilst 15M and 1H/4H Strategy provides very profitable setups I have noticed in my many hours of screen time that there MANY missed opportunities. My Twin Brother Strategy will be good for scalpers (50 - 75pips) and also trades lasting only about 60 - 90minutes for 100+pips.

You will notice in the US Session (just finished) that there was no 15M or 1h/4h strategy setup for any entries. This is because the London session provided the 15M setup for entry. My Twin Brother Strategy should create several more opportunities each trading day.

I think if you combine the 15M Strategy and Twin Brother Strategy there are at least minimum 2 opportunites a day. Up to 3-5 opportunites to profit within a 24 hour time frame. I hope with some live trading from next week that the strategy will get better, consistent and more reliable.

Enjoy the weekend. Please feel free to join in this thread - i want us to all learn together.

  • #192
  • Jan 11, 2008 4:39pm Jan 11, 2008 4:39pm
Quoting Sith Lord
Good morning all - it's Saturday morning here in Syd !

From next week I will introduce a 3rd Strategy in this thread:

  1. 15M Strategy
  2. 1H/4H Strategy
  3. Sith's Twin Brother (15M/1H) Strategy

I hope to send through my rules on Twin Brother's over the next few days. I will commence some live trades from next week for all 3 Strategies.

Why a 3rd Strategy?

Whilst 15M and 1H/4H Strategy provides very profitable setups I have noticed in my many hours of screen time that there MANY missed opportunities. My Twin Brother Strategy will be good for scalpers (50 - 75pips) and also trades lasting only about 60 - 90minutes for 100+pips.

You will notice in the US Session (just finished) that there was no 15M or 1h/4h strategy setup for any entries. This is because the London session provided the 15M setup for entry. My Twin Brother Strategy should create several more opportunities each trading day.

I think if you combine the 15M Strategy and Twin Brother Strategy there are at least minimum 2 opportunites a day. Up to 3-5 opportunites to profit within a 24 hour time frame. I hope with some live trading from next week that the strategy will get better, consistent and more reliable.

Enjoy the weekend. Please feel free to join in this thread - i want us to all learn together.

Bring on the TWINS......

Have a great weekend Sith.
Won't be around much until Thursday next week.
I'll be on location, doing a commercial, so limited time to trade.

Cheers.
  • #193
  • Jan 11, 2008 5:05pm Jan 11, 2008 5:05pm
Note coming Monday, 14th is a bank holiday here in Japan. May not affect much or may, is a question though.
  • #194
  • Jan 11, 2008 5:23pm Jan 11, 2008 5:23pm
Quoting Sith Lord
Good morning all - it's Saturday morning here in Syd !

From next week I will introduce a 3rd Strategy in this thread:

 

  1. 15M Strategy
  2. 1H/4H Strategy
  3. Sith's Twin Brother (15M/1H) Strategy

I hope to send through my rules on Twin Brother's over the next few days. I will commence some live trades from next week for all 3 Strategies.

Why a 3rd Strategy?

Whilst 15M and 1H/4H Strategy provides very profitable setups I have noticed in my many hours of screen time that there MANY missed opportunities. My Twin Brother Strategy will be good for scalpers (50 - 75pips) and also trades lasting only about 60 - 90minutes for 100+pips.

You will notice in the US Session (just finished) that there was no 15M or 1h/4h strategy setup for any entries. This is because the London session provided the 15M setup for entry. My Twin Brother Strategy should create several more opportunities each trading day.

I think if you combine the 15M Strategy and Twin Brother Strategy there are at least minimum 2 opportunites a day. Up to 3-5 opportunites to profit within a 24 hour time frame. I hope with some live trading from next week that the strategy will get better, consistent and more reliable.

Enjoy the weekend. Please feel free to join in this thread - i want us to all learn together.


Hi Sith Lord:

Have you written how to trade your strategy, in word doc.?
I would like to follow the trade set ups.

Thanks
Zee
ZHK
  • #195
  • Jan 11, 2008 6:01pm Jan 11, 2008 6:01pm
Quoting Pips_Cruiser
Yup . . . short trade confirmed already . . .
Hi PipCruiser,

Nice to see you in this thread. How do you get the 100SMA/ Daily 5SMA & Asian Pivot on the top left of your chart? Nice tool you have there.

Regards.
  • #196
  • Jan 11, 2008 7:06pm Jan 11, 2008 7:06pm
Hi zhkzkh ! I'll write it on this thread !


Quoting zhkzhk
Hi Sith Lord:

Have you written how to trade your strategy, in word doc.?
I would like to follow the trade set ups.

Thanks
Zee
  • #197
  • Edited 2:46pm Jan 12, 2008 7:59am | Edited 2:46pm
TRADING PLAN


RULES FOR SHORT ENTRY

15M Twin Brother

· 15M QQE5 crossed (dot signal)
· Price is below Gann HiLo (setting 10)
· Sell Arrow appears

1H Twin Brother

· Is price below 1H 5sma ?
· Has 1H QQE5 crossed down in the SAME DIRECTION as 15M QQE5 ?
· Both questions must be answered as YES for entry signal !


ENTRY PRICE

This should be + / - 10 pips from 15M Sell Arrow price (ATR / Stop Reverse Indicator)

· You don’t have to wait for 1H candle to close, just monitor price action as 1H QQE is crossing over.
· 1H QQE doesn’t have to cross 50% for entry. However the IDEAL entry is when QQE crosses down from the overbought zone (65% – 80%).
· Trades can be taken when 15M QQE5 crosses in the SAME DIRECTION as 1H QQE5. However, most times the 1H QQE5 will be close to 25% oversold area - you will need to trade with caution.


STOPS

10 pips above 15M QQE5 cross price


PROFIT TARGETS

Has the 1H Momentum Indicator crossed down pass 50%?

· If Yes, Target is minimum 75 - 100 pips (including spreads). Trade Duration is 45 minutes to 120 minutes
· If No, Target is maximum 50 – 75 pips (including spreads). Trade Duration is 15 minutes to 60 minutes


RISK & REWARD RATIO

1:1

Typically your stops will be approx.70 pips from entry. Minimum Profit Target is around 50 - 70 pips.

1H Momentum trades that have crossed 50% AND Sell Entry triggered on the 15M Strategy (ie., when price is below 1H 100sma, below Daily Pivot and below Daily 5sma) will deliver well over 100 - 125 pips

---------------- THE END --------------------------

Rules for LONG Entry are vice versa

----------------------------------------------------------

Note: I have only been developing this strategy for one month. From what I see it has some good trades and pretty reliable.

I will demo trade this for 1 – 2 months on this thread to build up confidence. I will try and provide potential setups before entry triggers on Asian / London sessions. Please do some back testing and feel free to suggest any improvements !

With the other two strategies I will continue to trade on my live account.

I hope this will add more green pips for all of us.

Sith Lord
  • #198
  • Jan 12, 2008 8:18am Jan 12, 2008 8:18am
Judith, your ATR 28*2 is the latest version. That should give you an earlier entry price. My version is old (and about 20 pips later).

Good Luck!

Quoting judith
thanx Sith, I got it , im still using atr 28*2 , instead of 14*3
  • #199
  • Jan 12, 2008 10:29am Jan 12, 2008 10:29am
Sith Lord,

Thanks for the simple, concise explanation. Easy to follow.
  • #200
  • Jan 12, 2008 2:37pm Jan 12, 2008 2:37pm
To make it even simpler always remember two things with Sith's Twin Brother Strategy:

  1. Twin Brother - QQE5 15M and QQE5 1H - must be in the same direction
  2. 1H Momentum crossing 50%.

Please remember that Momentum crossing 50% isn't mandatory - however if you are new to the strategy it is best for the 50% setup for better and stronger trades (it will yield more pips too). Good Luck Rialto.

Quoting Rialto
Sith Lord,

Thanks for the simple, concise explanation. Easy to follow.
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