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GBP/JPY for QQE Traders!

  • #361
  • Jan 16, 2008 2:38pm Jan 16, 2008 2:38pm
Haha. Brokers must hate QQE !

I will try and send TWINS setups too, so we can all learn. I'll see you all 1-2 hours before London opens. Have fun watching the charts !

Quoting Pips_Cruiser
Yep. The QQE60 turned, and stayed bullish through London, and it still is. Maybe it knew something we didn't.
  • #362
  • Jan 16, 2008 2:55pm Jan 16, 2008 2:55pm
Here's one possible fib scenario for today. If we get a 1 hour close above the 100% retrace fib at 212.05, price might move to the 138.2% fib at 213.98. With a little luck, maybe we'll have a 1hr / 4hr stategy in effect at the time so it can be called here. But without a clean break (close) above the 100 fib, longs should be viewed as risky scalps.

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  • #363
  • Jan 16, 2008 3:24pm Jan 16, 2008 3:24pm
Hope all are well and in profitable trades.
Almost done with this commercial and be back at it FT on Thurdsay (pst).

Scalped out about 300 pips in the last day or two, when I've been in the hotel room.

Moved my system to the M5 charts and it's working as a great, quick, easy scalp system.

Be well..... Safe Pip hunting......

kj
  • #364
  • Jan 16, 2008 10:10pm Jan 16, 2008 10:10pm
Is a 15 min strategy short trade developing?
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  • #365
  • Jan 16, 2008 10:37pm Jan 16, 2008 10:37pm
Quoting Pips_Cruiser
Is a 15 min strategy short trade developing?
hi PC, your analysis is always very accurate, have you thought about posting your calls on a journal??
  • #366
  • Edited Jan 17, 2008 3:32am Jan 16, 2008 10:40pm | Edited Jan 17, 2008 3:32am
The down arrow and the QQE60 crossover were both generated below the 1hr 100sma and the Daily 5sma.

There's also been a 15min close below the asian daily pivot, and there's been a confirmed crossing of the 15min QQE5.

I'll be setting TP at "Support Mid-Level 1". I don't trust price to make it all the way to the "Support 1".

Attached Image
  • #367
  • Jan 16, 2008 10:42pm Jan 16, 2008 10:42pm
Quoting judith
hi PC, your analysis is always very accurate, have you thought about posting your calls on a journal??
Hey Judith! How are you today?

  • #368
  • Jan 16, 2008 10:43pm Jan 16, 2008 10:43pm
I took the short based on the 5m strategy. Target iss 208.19 stop 210.80

My entry point was 209.72 so it''s not looking great at the moment.

I'm going back to bed. Damn forex.

John

  • #369
  • Jan 16, 2008 10:47pm Jan 16, 2008 10:47pm
Quoting mjolimer
I took the short based on the 5m strategy. Target iss 208.19 stop 210.80

My entry point was 209.72 so it''s not looking great at the moment.

I'm going back to bed. Damn forex.

John

Hope it works out for you!

  • #370
  • Jan 16, 2008 10:49pm Jan 16, 2008 10:49pm
Quoting judith
hi PC, your analysis is always very accurate, have you thought about posting your calls on a journal??
Yeah, I've thought about it. But so far that's as far as it's gone. I enjoy reading other people's posts, and taking trades with others. It helps make it more fun.
  • #371
  • Jan 16, 2008 11:00pm Jan 16, 2008 11:00pm
Quoting Pips_Cruiser
Yeah, I've thought about it. But so far that's as far as it's gone. I enjoy reading other people's posts, and taking trades with others. It helps make it more fun.
Alright, , you just don't leave this thread, we need the experienced traders to help us newbies thru
  • #372
  • Jan 16, 2008 11:05pm Jan 16, 2008 11:05pm
Quoting Pips_Cruiser
Yeah, I've thought about it. But so far that's as far as it's gone. I enjoy reading other people's posts, and taking trades with others. It helps make it more fun.
PC, i've noticed that before 8gmt market is pretty much ranging, so I wait for the breakouts till London opens, what do you think?
  • #373
  • Jan 16, 2008 11:07pm Jan 16, 2008 11:07pm
Quoting judith
Alright, , you just don't leave this thread, we need the experienced traders to help us newbies thru
LOL. I've had some PM's with Sith, and he says he appreciates the help. So if it's fun for me, and nobody else minds, then you're stuck with me for awhile . . .
  • #374
  • Jan 16, 2008 11:14pm Jan 16, 2008 11:14pm
Quoting judith
PC, i've noticed that before 8gmt market is pretty much ranging, so I wait for the breakouts till London opens, what do you think?
Usually that's not a bad idea. There is lots of ranging during Asian session, and NY can be bad sometimes too. I tend to start taking trades 2 or 3 hours before London start, though, on most days. That's when I first start to see things moving, and I get a feel for where they're heading.
  • #375
  • Jan 16, 2008 11:27pm Jan 16, 2008 11:27pm
Quoting Pips_Cruiser
Is a 15 min strategy short trade developing?
Hello , I am new to forex trading and is rentlessly looking for guidance. I have been all over the internet and is overwhelmed with information, different products, signals etc. I don't know where to turn. So far, my ongoing visits to Forex factory website has been the most insightful. I have come across Auslanco's strategies and would like to implement them effectively, however, I am not a vt trader nor a mt4 user. My account is with FXCM.
Please advise me on the necessaty steps to set up said strategies.
Thanks in advance for your assistance.
Also I visited his website and was thinking of subscribing to his premium service. I admire his passion regarding donating to the red cross. Do i have to be a vt trader or mt4 user as well.
  • #376
  • Jan 16, 2008 11:35pm Jan 16, 2008 11:35pm
Quoting Newtrader
Hello , I am new to forex trading and is rentlessly looking for guidance. I have been all over the internet and is overwhelmed with information, different products, signals etc. I don't know where to turn. So far, my ongoing visits to Forex factory website has been the most insightful. I have come across Auslanco's strategies and would like to implement them effectively, however, I am not a vt trader nor a mt4 user. My account is with FXCM.
Please advise me on the necessaty steps to set up said strategies.
Thanks in advance for your assistance.
Also I visited his website and was thinking of subscribing to his premium service. I admire his passion regarding donating to the red cross. Do i have to be a vt trader or mt4 user as well.
I don't know any of the details about Auslanco's service. But I suspect he just emails trade calls to subscribers. So you wouldn't need VT or MT4 for that. You could just make the trades through FXCM. But if you want to learn to trade his methods, I don't see any way around getting VT or MT4. Thanks mostly to the custom indicators.
  • #377
  • Jan 17, 2008 12:30am Jan 17, 2008 12:30am
Current Price is 210.77 at 6.27am London Time

15M Strategy Update:

Mixed signals – trade with caution !

Price is Bearish on 100sma & daily 5sma & Bullish on daily pivot

  1. 1H 100sma = 211.12
  2. Daily 5sma = 210.90 – 211.20
  3. Daily Pivot = 209.09

QQE Signals:

  1. QQE5 15M = Bulls (crossed up and above 50%).
  2. QQE60 15M = Bears (crossed down and at 50%)
  3. Pink Bull Arrow triggered at 210.69.

Price needs to be above Daily 5sma 211.20 if you want to go LONG. Price needs to be below Daily Pivot 209.09 if you want to go SHORT

We need to wait for QQE60 to move in the same direction as QQE5. NO TRADE SIGNAL YET

Please note QQE5 1H is bear but slowing moving up – watch out for any TWINS moves.

Attached Image
  • #378
  • Jan 17, 2008 12:54am Jan 17, 2008 12:54am
Good morning Sith!

Looks like the Nikkei stock market is up by about 300 points. That's causing U/J to rally, and it's bringing up G/J. Price has gone up 100 pips, and things are turning bullish.
  • #379
  • Jan 17, 2008 1:22am Jan 17, 2008 1:22am
Just trying to confirm I have everything setup correctly.
Here is my chart at 2008-01-17 0717hrs.

It looks like a buy signal to me.

Can somebody confirm that for me?
Attached Image (click to enlarge)
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Life's a bitch....so be a dog and cover it!
  • #380
  • Jan 17, 2008 1:30am Jan 17, 2008 1:30am
Quoting Newtrader
... and would like to implement them effectively, however, I am not a vt trader nor a mt4 user. My account is with FXCM.
Please advise me on the necessaty steps to set up said strategies.
...
Why not to open demo account with MT4 broker, install MT4 and learn, implement strategies etc.
Alpari, FXDD, other brokers do not charge for this.
And you can still use FXCM as real trading account.

Cheers,
zj
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