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GBP/JPY for QQE Traders!

  • #381
  • Jan 16, 2008 11:34pm Jan 16, 2008 11:34pm
Current price is 210.58

Hi dogbreath ! Welcome to the QQE Club !

No 15M entry signal yet. If you are thinking of going LONG the price is still below 1H 100sma and Daily 5sma. We need to wait for all signals to give us an entry signal.

Quoting dogbreath
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?
  • #382
  • Jan 16, 2008 11:36pm Jan 16, 2008 11:36pm
Hi Pips Cruiser ....it's approaching late evening here is Syd LOL !

Thanks for market update. Good Luck.

Quoting Pips_Cruiser
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.
  • #383
  • Jan 17, 2008 12:35am Jan 17, 2008 12:35am
Quoting Sith Lord
Hi Pips Cruiser ....it's approaching late evening here is Syd LOL !

Thanks for market update. Good Luck.
G'Day . . . LOL! Say, I really like the summary you did. But it might be a good idea to verify that pivot point, just in case it's needed later. Mine is showing up as quite a bit higher, at 209.89.
  • #384
  • Jan 17, 2008 12:43am Jan 17, 2008 12:43am
Hi Guys

Does anyone know what the affect of a USD rate cut has on GBPJPY pair? The correlations of this pair confuse me due to its close relationship with the dollar on top of looking out for news in Japan and UK

So what are your thinkings on the impending fed cut ... especially if its a big one


Many thanks in advance dudes
  • #385
  • Jan 17, 2008 12:45am Jan 17, 2008 12:45am
Thanks for the confirmation.

What's your Pivot setting ? is it 3? My number was in the Asian Session before London opened - does that change things ? I've got 209.89 now in the London session


Quoting Pips_Cruiser
G'Day . . . LOL! Say, I really like the summary you did. But it might be a good idea to verify that pivot point, just in case it's needed later. Mine is showing up as quite a bit higher, at 209.89.
  • #386
  • Jan 17, 2008 12:49am Jan 17, 2008 12:49am
Quoting Sith Lord
Current price is 210.58

Hi dogbreath ! Welcome to the QQE Club !

No 15M entry signal yet. If you are thinking of going LONG the price is still below 1H 100sma and Daily 5sma. We need to wait for all signals to give us an entry signal.
Thxs Sith! Guess I still have to do some more reading of the forums and maybe aus webpage....I only went by the 15min setup word document.
Life's a bitch....so be a dog and cover it!
  • #387
  • Jan 17, 2008 12:51am Jan 17, 2008 12:51am
Quoting Sith Lord
Thanks for the confirmation.

What's your Pivot setting ? is it 3? My number was in the Asian Session before London opened - does that change things ? I've got 209.89 now in the London session
Mine is showing 209.86
Life's a bitch....so be a dog and cover it!
  • #388
  • Jan 17, 2008 12:55am Jan 17, 2008 12:55am
Patience would have paid off on the 15M. It took 2 hours for entry signals to setup - but it only took 10 minutes for the big move.

Attached is the 15M chart. Bull Arrow Trigger (210.70) and QQE60 cross dot (210.90) were the signals. However entry needed to be above 1H 100sma and Daily Pivot 5sma. Entry would have been from 210.90 - 211.20, depending on your chart settings.

Hope you all made some pips on the LONG signal.
Attached Image
  • #389
  • Jan 17, 2008 1:01am Jan 17, 2008 1:01am
Quoting Sith Lord
Thanks for the confirmation.

What's your Pivot setting ? is it 3? My number was in the Asian Session before London opened - does that change things ? I've got 209.89 now in the London session
3 for London, 8 for New York, and 19 for Asian.

209.89 is probably right for London, since we both have it.

Thx!

  • #390
  • Jan 17, 2008 1:04am Jan 17, 2008 1:04am
Hi all
The difference for DP for London session less 5-9 pips is normal and it depend the broker data that u use. I had used some different data to feed my mt4 and find that.
May u help me with information for support & resistance levels for London session. I am out and use just my Mobile MT terminal.
Thanks in advance
Valentin
It’s just emotions & money
  • #391
  • Jan 17, 2008 1:09am Jan 17, 2008 1:09am
Hi Sith

use that link to determin your Pivot seting for different markets

http://forex.timezoneconverter.com/i...zone=Etc/GMT+2;
My offset is GMT+2, just put your ...........


Quoting Sith Lord
Thanks for the confirmation.

What's your Pivot setting ? is it 3? My number was in the Asian Session before London opened - does that change things ? I've got 209.89 now in the London session
It’s just emotions & money
  • #392
  • Jan 17, 2008 1:10am Jan 17, 2008 1:10am
Quoting Val144
Hi all
The difference for DP for London session less 5-9 pips is normal and it depend the broker data that u use. I had used some different data to feed my mt4 and find that.
May u help me with information for support & resistance levels for London session. I am out and use just my Mobile MT terminal.
Thanks in advance
Valentin
Mine are showing:
R1=211.79
S1=207.95

Bear in mind I am new to this...so not 100% as to whether my indicator for the pivots is showing the correct stuff....havn't compared it to anybody else yet...amybe someone can confirm.
Life's a bitch....so be a dog and cover it!
  • #393
  • Jan 17, 2008 1:39am Jan 17, 2008 1:39am
Hi Val. Thanks for the link mate.

Good night all !

Quoting Val144
Hi Sith

use that link to determin your Pivot seting for different markets

http://forex.timezoneconverter.com/i...zone=Etc/GMT+2;
My offset is GMT+2, just put your ...........
  • #394
  • Jan 17, 2008 1:43am Jan 17, 2008 1:43am
Quoting Sith Lord
Hi Val. Thanks for the link mate.

Good night all !
Or just use this indicator and it does it for you
Attached File(s)
File Type: ex4 Auto Pivot.ex4   15 KB | 382 downloads
File Type: mq4 Auto Pivot.mq4   15 KB | 382 downloads
  • #395
  • Jan 17, 2008 2:47am Jan 17, 2008 2:47am
Current price is 211.56

The bullish move has hit an intraday high of 212.40s. We have just seen more than a 100 pip drop. However the bullish move is not over - there are no bear signals to enter yet so you need to keep watching price action.

QQE60 is still bullish (there is no bear dots). Price is above (ie., bullish) Daily 5sma, Daily Pivot and 1H 100sma. Any sell entries will have to be under Session Pivot price of 209.89

This is just an example to not just enter when there are sell arrow triggers. Wait and watch.
Attached Image
  • #396
  • Jan 17, 2008 4:22am Jan 17, 2008 4:22am
Hi mate...any update for current situation...do you think it will force to S1?..
  • #397
  • Jan 17, 2008 1:19pm Jan 17, 2008 1:19pm
At first glance it looks like a 15 minute strategy short trade is on.

1) Price broke through the old "trailing stop level" (new down arrow).

2) The QQE60 has crossed down (new dot).

3) The 15min QQE5 has crossed down and it's below the 50 line.

4) Price moved below the NY session daily pivot of 210.33.

However, the QQE60 crossed down while price was about 7 pips above the 1 hour 100sma. G/J also appears to be in a tight range, about half the size of yesterday. So exercise caution. Price might just be ranging right now. A close below 209.43 in addition to the other signals, would help confirm a move to the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: signal.jpg Size: 171 KB
  • #398
  • Jan 17, 2008 2:24pm Jan 17, 2008 2:24pm
Thanks PipsC ! Always love your analysis and interpretation !

A break of the 4H Gann line is 209.43 on my charts. Should be interesting Europe opening today ! See you all at London starting line.


Quoting Pips_Cruiser
A close below 209.43 in addition to the other signals, would help confirm a move to the downside.

  • #399
  • Jan 17, 2008 2:40pm Jan 17, 2008 2:40pm
Hi Kujo, if you have time can you show us your QQE system on 5M and charts. Thanks mate. Congrats on the pips !!

Quoting kujo17
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
  • #400
  • Jan 17, 2008 10:34pm Jan 17, 2008 10:34pm
Current Price is 210.70 at 6.25am London Time


1H/ 4H Strategy Update

QQE5 4H = Bullish (crossed up). Bullish on GannHiLo 209.85
QQE5 1H = Bearish (crossed down and at 50%). Bullish on GannHiLo 209.88

4H Candle has closed

Price is only 50 pips away Gann HiLo and QQE5 1H is Bearish.

Trade setup – 1H QQE has not crossed up (there is no buy dot yet). However QQE5 1H has now moved back to 50% which may suggest a completed/ completing retracement. Best entry is to wait for 1H QQE to cross upwards and cross 50% (bullish) for entry signal.

Any move down pass 209.85 can invalidate longs and move price bearish on Gann HiLo. Wait and watch. Patience is needed - the last 24 hours has seen price swing 250pips up and down.
Attached Image
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