GBP/JPY for QQE Traders! | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

QQE on metatrader 0 replies

QQE Gann Indicator 1 reply

qqe help 3 replies

QzFX vs. QQE 5 replies

QQE and Gann Hi Lo Indicator 3 replies

Attachments: GBP/JPY for QQE Traders!
Exit Attachments

GBP/JPY for QQE Traders!

  • #341
  • Jan 16, 2008 12:52am Jan 16, 2008 12:52am
The Prime Minister has been eating too many beans !!!!!

I've attached my fib charts. I use 1.18 - 1.27 price extensions for possible profit targets. Need to keep watching price momentum.


Quoting Pips_Cruiser
Wow . . . the Japanese Prime Minister might have to flatulate quite a few times before it moves that far. lol



P.S. - What are you drawing your fibs from? Which dates, or which highs and lows?
Attached Image
  • #342
  • Jan 16, 2008 1:10am Jan 16, 2008 1:10am
Quoting Sith Lord
The Prime Minister has been eating too many beans !!!!!

I've attached my fib charts. I use 1.18 - 1.27 price extensions for possible profit targets. Need to keep watching price momentum.
When I draw them from that area, it shows they've already "played out" by going past the -61.8 fib (aka 1.68). So with my method, I had to move farther back in time to find one that hadn't.

Oh well . . . we're here for QQE's, not fibs. But they are fun to play around with sometimes . . .
Attached Image (click to enlarge)
Click to Enlarge Name: possible_fibs.jpg Size: 124 KB
  • #343
  • Jan 16, 2008 1:23am Jan 16, 2008 1:23am
Quoting mjolimer
Daily momentum up?

Is this right?

Do your charts show the same?

Rather a steep run down since 28th December

Scarey times.

John
It's kind of scary to me too. I don't like moving into a recession. Wish we had some nice bull runs in between these drops.

Here's a chart that shows the days in your Momentum 10 indicator, that are being compared with recent days. Today is being compared with the one marked "Mom10 current" (10 days ago compared with today). Yesterday is being compared with "Mom10 previous" (11 days ago compared with yesterday). The day before yesterday is being compared with "Mom10 two times ago" (12 days ago compared with the day before yesterday).

Those were very volatile bearish days. So when the last few days are compared to them, we're doing slightly better, and the momentum 10 indicator shows a slight rise (for the better) in comparison to them.

Attached Image (click to enlarge)
Click to Enlarge Name: mom10.jpg Size: 99 KB
  • #344
  • Jan 16, 2008 1:57am Jan 16, 2008 1:57am
Sometimes Frankfurt swings prices one direction, and then London turns around and swings them the other. Price is going up now, but things could easily change in a few minutes.

I'm setting a TP area of 207.30. I'll also lock in some profit so I don't lose anything on this trade. There's GBP news in less than 2 hours.
  • #345
  • Jan 16, 2008 1:59am Jan 16, 2008 1:59am
Current price is 208.27

As Spanishfly mentioned we can trade off the 5M charts based on the 15M rules.

Sell Arrow trigger price on 5M is 207.75. Let's wait and watch price action.
  • #346
  • Jan 16, 2008 1:59am Jan 16, 2008 1:59am
Quoting Pips_Cruiser
It's kind of scary to me too. I don't like moving into a recession. Wish we had some nice bull runs in between these drops.

Here's a chart that shows the days in your Momentum 10 indicator, that are being compared with recent days. Today is being compared with the one marked "Mom10 current" (10 days ago compared with today). Yesterday is being compared with "Mom10 previous" (11 days ago compared with yesterday). The day before yesterday is being compared with "Mom10 two times ago" (12 days ago compared with the day before yesterday).

Those were very volatile bearish days. So when the last few days are compared to them, we're doing slightly better, and the momentum 10 indicator shows a slight rise (for the better) in comparison to them.

Thanks Pipscruiser. Your explanation had made me think about how the indicator is calculated and understand it better.

John
  • #347
  • Jan 16, 2008 2:37am Jan 16, 2008 2:37am
Here are the new London session daily pivots.
Attached Image
  • #348
  • Jan 16, 2008 3:22am Jan 16, 2008 3:22am
News out in 10minutes.

Watch 5M charts for early signals. Sell Arrow Trigger at 207.95. However QQE60 on 5M has not yet crossed down.

15M QQE has a buy arrow. Trade with caution.
  • #349
  • Jan 16, 2008 3:51am Jan 16, 2008 3:51am
Quoting Sith Lord
News out in 10minutes.

Watch 5M charts for early signals. Sell Arrow Trigger at 207.95. However QQE60 on 5M has not yet crossed down.

15M QQE has a buy arrow. Trade with caution.
Looks like favorable news, but nothing spectacular.

Take care Sith!

  • #350
  • Jan 16, 2008 4:18am Jan 16, 2008 4:18am
Current price is 207.80

There are conflicting signals on the 15M chart. It has been about 45 minutes since news came out and the price has stayed in a 40pip trading range (207.70 - 208.10)

There is no clear entry or trade signal on 15M.

QQE5 15M is bearish. QQE5 1H is bullish. If you are looking to go short there should be a price trigger at the break of todays low of 207.53. Wait for breakout or retracement for a better price. Be patient.
Attached Image
  • #351
  • Jan 16, 2008 4:51am Jan 16, 2008 4:51am
Current price is 207.09

I've got a daily support price level 1 of 206.43. I'll love to see the price smash through the 207 barrier.
  • #352
  • Jan 16, 2008 1:07pm Jan 16, 2008 1:07pm
Quoting Sith Lord
Hey Pips Cruiser, what's your trading plan when QQE60 crosses but price is 70 pips away from sell arrow trigger ?

Do you just wait for a better price?
In all honesty, this hasn't really been defined. I'd say that it's a valid signal regardless. But if these two elements of the signal are spaced out far enough though time, or by price, a trader can always use his discretion and decide that the signals aren't "fresh" enough to trade with, or that there aren't enough pips left, and pass it up. But that's a double edged sword, because they might also miss a profitable trade. Maybe we can define this as a group someday, and set some guidelines.
  • #353
  • Jan 16, 2008 1:18pm Jan 16, 2008 1:18pm
Quoting ammaramani
Hi...did you ever try this 15M trade on G/U?...just asking
Yes, but with mixed results. The indicators seem more finely tuned to the volatile G/J. With some time and patience, I think someone could put together a good G/U trading strategy based on QQE's, if they really wanted to.
  • #354
  • Jan 16, 2008 1:19pm Jan 16, 2008 1:19pm
Hey Pip Cruser just curious how do i get different pivots for different sessions. Like London, UK, New York etc. Thanks in advance
  • #355
  • Jan 16, 2008 1:35pm Jan 16, 2008 1:35pm
Quoting vinesh2
Hey Pip Cruser just curious how do i get different pivots for different sessions. Like London, UK, New York etc. Thanks in advance
It depends on your plaform (VT or MT4). VT comes with a very good daily pivot point indicator that you can attach to the 15min chart. In the parameters you change the starting hour to 3 for London, 8 for New York, and 19 for Asian.

There's more about it on the Aus website, in the 15 min strategy section:

http://www.pnwenterprises.com/auslan...instrategy.htm
  • #356
  • Jan 16, 2008 2:15pm Jan 16, 2008 2:15pm
Good morning Pips Cruiser (I see your name down below) !
Crazy how I just woke up and US is still afternoon !!!

Anyway great fib call 12 hours ago about 207ish as resistance. Market seems to have provided 400 pip move in US session. I got stopped out for +20 pip. There wasn't any 15M signal last night for a move down - good to follow the AUS strategy by the book. The QQE60 15M did not cross down (no dot) for short.
  • #357
  • Jan 16, 2008 2:18pm Jan 16, 2008 2:18pm
Looks like the "Twin Brother" trading strategy was triggered a couple times in the past 5 hours. Longs would have profited nicely. Risky stuff though. Short trades still have better odds of success, as you follow the rare price spikes down.

http://www.forexfactory.com/showpost...&postcount=197
  • #358
  • Jan 16, 2008 2:26pm Jan 16, 2008 2:26pm
Yes. I think TWINS would have paid. QQE5 1H was bullish at 207.00 (bottom). We would have had just to wait for QQE5 15M to cross up in the same direction for good setup !

Do you think I should test Twins on this thread or just leave it clean for AUS' strategies ? I'm not sure what people want. This is not my thread - it is a club for all QQE Traders !!

Quoting Pips_Cruiser
Looks like the "Twin Brother" trading strategy was triggered a couple times in the past 5 hours. Longs would have profited nicely. Risky stuff though. Short trades still have better odds of success, as you follow the rare price spikes down.

http://www.forexfactory.com/showpost...&postcount=197
  • #359
  • Jan 16, 2008 2:26pm Jan 16, 2008 2:26pm
Quoting Sith Lord
Good morning Pips Cruiser (I see your name down below) !
Crazy how I just woke up and US is still afternoon !!!

Anyway great fib call 12 hours ago about 207ish as resistance. Market seems to have provided 400 pip move in US session. I got stopped out for +20 pip. There wasn't any 15M signal last night for a move down - good to follow the AUS strategy by the book. The QQE60 15M did not cross down (no dot) for short.
Weird day. But it's nice to see a price spike. Gives us room to move back down for the next couple days, if nothing else. Rallies by both U/J and G/U, and that's pushing up G/J. Haven't figured out the "why" yet, but probably news or Dow related.

Yep. The QQE60 turned, and stayed bullish through London, and it still is. Maybe it knew something we didn't.
  • #360
  • Jan 16, 2008 2:29pm Jan 16, 2008 2:29pm
Quoting Sith Lord
Yes. I think TWINS would have paid. QQE5 1H was bullish at 207.00 (bottom). We would have had just to wait for QQE5 15M to cross up in the same direction for good setup !

Do you think I should test Twins on this thread or just leave it clean for AUS' strategies ? I'm not sure what people want. This is not my thread - it is a club for all QQE Traders !!
Personally, I don't think it should turn into a 15 minute strategy thread. I like the idea behind your "twins" strategy, and I hope you test here.

I also hope we get some good 1hr / 4hr trades soon. We could all profit from them.
0 traders viewing now