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GBP/JPY for QQE Traders!

  • #201
  • Edited 7:43pm Jan 12, 2008 3:05pm | Edited 7:43pm
Quoting Sith Lord
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!
Sith and Judith,

I'm open to using whatever ATR settings the rest of the group uses, and it would be great if we were all in sync. I don't know which are "best", but Aus has had at least 3 different settings since last summer. The last two were:

Version 2 (started around Sept. 9):

ATR Periods = 28
ATR Multiplier = 2

http://www.forexfactory.com/showpost...&postcount=182

http://www.forexfactory.com/showthre...=45076&page=16

Version 3 (current since early Dec.):

ATR Periods = 28
ATR Multiplier = 2.75

Here are some links to the latest version of the 15 minute strategy. You still have to hunt down the Level-Stop-Reverse (a.k.a. Stop-Level-Reverse) ATR settings:

http://www.forexfactory.com/showpost...&postcount=453

http://www.pnwenterprises.com/auslan...instrategy.htm

http://www.auslanco-15.blogspot.com/

Mine are set to 28*2.75, but they're easy to change and I know we can make pips either way. In my opinion the heart of the system is still in the other indicators, especially QQE.

I never heard an explanation of why the settings were changed, or even why a new version of the strategy was implemented. I was having good success with the prior one, and have been slow in totally converting over to the current. But this might be getting into a different subject . . .

  • #202
  • Jan 12, 2008 3:13pm Jan 12, 2008 3:13pm
Quoting joyrider
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.
Hi joyrider!

I'll give you the answer to your question, but the answer is different than you're expecting. What I do is manually hunt down this info (usually from different charts), and then make "notes" on the 15 minute chart. I try to line those notes up with the price, so if the 1hr 100sma is 214.75 the note will be written in the 214.75 area. Same with pivot and daily 5sma. This way I can glance at the 15min chart and see where they are all at. But they still require a little maintenance throughout the day.

Hope this makes sense.
  • #203
  • Jan 12, 2008 3:18pm Jan 12, 2008 3:18pm
Quoting Sith Lord
TRADING PLAN

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
Thanks Sith! Hope all goes well!

  • #204
  • Jan 12, 2008 8:54pm Jan 12, 2008 8:54pm
Thanks Pip Cruiser !

I will use this setting you recommended as the latest version to quote arrow crossover prices:

ATR Periods = 28
ATR Multiplier = 2.75

However i really like Aus' original 14*3 price setting !

Quoting Pips_Cruiser
Sith and Judith,

I'm open to using whatever ATR settings the rest of the group uses, and it would be great if we were all in sync. I don't know which are "best", but Aus has had at least 3 different settings since last summer.

  • #205
  • Jan 12, 2008 9:09pm Jan 12, 2008 9:09pm
Commercial ? Which product are you promoting ? Have fun KJ.


Quoting kujo17
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.
  • #206
  • Jan 13, 2008 2:56am Jan 13, 2008 2:56am
'm using 28 x 2.75 too.. I agree it would be good if we all use the same.

John
  • #207
  • Jan 14, 2008 12:34am Jan 14, 2008 12:34am
1H/ 4H Strategy Update

Current Price is 212.67 at 6.29am London Time

QQE5 4H = Bears (crossed down). Bears on GannHiLo 213.60.
QQE5 1H = Bulls (crossed up but below 50%). Bears on GannHiLo 213.20

4H Candle has closed at 212.65


Trade setup – 1H QQE has crossed up but has not reached 50% for full retracement. Best entry is to wait for 1H QQE to cross up to 50% (bullish) and then turn cross back down pass 50% (bearish) for entry SHORT. I think we may see a trade today !
  • #208
  • Jan 14, 2008 12:37am Jan 14, 2008 12:37am
15m short set up triggered for me. I've taken it @ 212.80 with a T1 of the support 1 line at 211.72. Stop 213.40. I guess the next target might be the s2 line?

John
  • #209
  • Edited 10:33am Jan 14, 2008 12:50am | Edited 10:33am
Quoting mjolimer
15m short set up triggered for me. I've taken it @ 212.80 with a T1 of the support 1 line at 211.72. Stop 213.40. I guess the next target might be the s2 line?

John
I'm in too. Very similar entry and SL. Here's my asian session pivots . . .
Attached Image
  • #210
  • Jan 14, 2008 12:50am Jan 14, 2008 12:50am
anyone had position short?...
  • #211
  • Jan 14, 2008 12:54am Jan 14, 2008 12:54am
Quoting ammaramani
anyone had position short?...
At least a couple of us . . .

  • #212
  • Jan 14, 2008 12:56am Jan 14, 2008 12:56am
my vt chart inspection box is very annoying.. the values keep changing before i can read them... is it something im doing wrong?
  • #213
  • Jan 14, 2008 12:59am Jan 14, 2008 12:59am
Quoting Pips_Cruiser
At least a couple of us . . .


  • #214
  • Jan 14, 2008 1:01am Jan 14, 2008 1:01am
There's some pretty weird stuff going on right now. The dollar seems to be taking a beating against most (or all) currencies. No scheduled news caused it as far as I can tell, but perhaps there was some unscheduled news.
  • #215
  • Jan 14, 2008 1:11am Jan 14, 2008 1:11am
Great thread..

Well done Sith Lord and Pip cruiser
  • #216
  • Jan 14, 2008 1:16am Jan 14, 2008 1:16am
1H and 4H QQE's are still crossed bullish. Last week's low was just below 212. If we use S1 as the TP it would require a new low. I think I'll play it safe, and set a TP @ 212.10.

  • #217
  • Jan 14, 2008 1:17am Jan 14, 2008 1:17am
Current price is 212.35

212.16 - 212.28 is very strong bull resistance.
  • #218
  • Jan 14, 2008 1:18am Jan 14, 2008 1:18am
Welcome Master Jedi !

Quoting auslanco
Great thread..

Well done Sith Lord and Pip cruiser
  • #219
  • Jan 14, 2008 1:22am Jan 14, 2008 1:22am
Master Jedi (Aus),

Would you have taken this 15M Trade when QQE5 15M had crossed 50% and moved close to overbought say 30% zone?
  • #220
  • Jan 14, 2008 1:23am Jan 14, 2008 1:23am
Quoting auslanco
Great thread..

Well done Sith Lord and Pip cruiser
Thanks for the visit!

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