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GBP/JPY for QQE Traders!

  • #441
  • Jan 21, 2008 11:27pm Jan 21, 2008 11:27pm
Hi everybody! Another crazy day for Geppy!

  • #442
  • Jan 21, 2008 11:29pm Jan 21, 2008 11:29pm
Here’s a summary of the Auslanco’s “15 Minute Strategy”. I try to take it at face value, and not read anything else into it when possible. The elements of the signal don’t have to occur in any particular order. They also don’t have to occur within a certain amount of time of each other. They just need to all be in place at the same time for it to be a valid signal.

The one exception to this is in the “NOTE”, where it explains that the QQE60 cross must occur when price is on the proper side of the 1hr 100sma and the Daily 5sma. This helps prevent “false breakout” signals during a ranging market, and also keeps you from going against the trend in a trending market.

Buy Signal (opposite for Sell):

1) Price must be above the 1hr 100sma.
2) Price must be above the Daily 5sma.
3) Price must be above the session Daily pivot.
4) 15M chart Level Stop Reverse buy arrow (up).
5) 15M chart QQE5 crossed up (RSI-index green line crossed above the Level-RSI-slow line), and crossed above the 50 line.
6) 15M chart QQE60 crossed up (RSI-index green line crossed above the Level-RSI-slow line).
NOTE: QQE60 has to cross upward while the price is above the 1hr 100sma and Daily 5sma. If the QQE60 crosses upward while price is below the Daily 5sma or 1hr 100sma, don't take the trade.

Stop Loss:

10 pips below (for buy) or above (for sell) the Level Stop Reverse dashed line at the time of entry.

Take profit:

Set TP at the next pivot support or resistance level from the entry (R1, R2, S1, S2, etc.).

Exit:

If the QQE 60 crosses in the opposite direction, exit the trade.
  • #443
  • Jan 21, 2008 11:32pm Jan 21, 2008 11:32pm
Quoting Sith Lord
15M Charts attached. QQE60 on 15M is still bullish - it has not crossed down yet and there is no dot signal for Aus 15M strategy entry.

Current price is 205.57. Price dropped like a rock to 205.21 very quickly. If price does settle above 205.75 we may see a slight move back up (highest pull back i can see is around 206.30); but bias looks bearish at the moment. Wait and watch for entries.
The QQE60 can be a little stubborn, can't it?
  • #444
  • Jan 21, 2008 11:36pm Jan 21, 2008 11:36pm
Hey Pips Cruiser !!! It has been a crazy day.
Our Australian Stock Market had the biggest one-day decline in 18 years today. Lost $92 billion in value.

Quoting Pips_Cruiser
Hi everybody! Another crazy day for Geppy!

  • #445
  • Jan 21, 2008 11:38pm Jan 21, 2008 11:38pm
This silly bugger is holding up proceedings...haha !

Doesn't even look close to crossing down !

Quoting Pips_Cruiser
The QQE60 can be a little stubborn, can't it?
  • #446
  • Jan 21, 2008 11:39pm Jan 21, 2008 11:39pm
Quoting Sith Lord
Hey Pips Cruiser !!! It has been a crazy day.
Our Australian Stock Market had the biggest one-day decline in 18 years today. Lost $92 billion in value.
Wow! That's a biggie!
  • #447
  • Jan 21, 2008 11:42pm Jan 21, 2008 11:42pm
Quoting Sith Lord
This silly bugger is holding up proceedings...haha !

Doesn't even look close to crossing down !
204's a comin....... I feel a tankin' comin on mate.
  • #448
  • Jan 21, 2008 11:43pm Jan 21, 2008 11:43pm
Quoting Sith Lord
This silly bugger is holding up proceedings...haha !

Doesn't even look close to crossing down !
That's the "problem" with such a large smoothing factor. It's still seeing that big upswing earlier, and averaging it in. It could be my imagination, but I think I see the gap narrowing between it's RSI lines . . .
  • #449
  • Jan 21, 2008 11:43pm Jan 21, 2008 11:43pm
Quoting Pips_Cruiser
Wow! That's a biggie!
dropped 7% of total value..... insane......
  • #450
  • Jan 21, 2008 11:44pm Jan 21, 2008 11:44pm
1H 100 SMA close? open? low? high?
  • #451
  • Jan 21, 2008 11:44pm Jan 21, 2008 11:44pm
Quoting kujo17
204's a comin....... I feel a tankin' comin on mate.
I think you're right!

  • #452
  • Jan 21, 2008 11:45pm Jan 21, 2008 11:45pm
Quoting kujo17
1H 100 SMA close? open? low? high?
Always "close" unless otherwise stated . . .

  • #453
  • Jan 21, 2008 11:46pm Jan 21, 2008 11:46pm
The Quater Back is Toast !!! he's gettin SACKED...... come on 204, so I can get a few hours sleep..... ;-)
  • #454
  • Jan 21, 2008 11:49pm Jan 21, 2008 11:49pm
maybe be we get lucky..... S2 203.32
  • #455
  • Jan 21, 2008 11:52pm Jan 21, 2008 11:52pm
204.72 is my prelim fib support. Lets see if we can pop this level to go lower.
  • #456
  • Jan 21, 2008 11:52pm Jan 21, 2008 11:52pm
qqe5 1hr and qqe 60 15min, crossing down, is this good for a twin short strat[?
  • #457
  • Jan 21, 2008 11:57pm Jan 21, 2008 11:57pm
Quoting kujo17
The Quater Back is Toast !!! he's gettin SACKED...... come on 204, so I can get a few hours sleep..... ;-)
Intentional grounding........ ;-) (American Football metaphors, for all my English and Aussie mates)

man, trading, taking care of an 18 month old and a wife that's 8 months pregnant with twin girls is tiring and draining.....
  • #458
  • Jan 22, 2008 12:09am Jan 22, 2008 12:09am
Quoting judith
qqe5 1hr and qqe 60 15min, crossing down, is this good for a twin short strat[?
I was hoping Sith would answer this. But I believe the Twins uses 15min QQE5 and 1hr QQE5. You're looking for a good excuse to go short, aren't ya? Can't blame you . . .
  • #459
  • Jan 22, 2008 12:11am Jan 22, 2008 12:11am
Yes the QQE5 on 1H and 15M have moved in the same direction ! Looks like TWINS Judith. Best to keep testing to build confidence.


Quoting judith
qqe5 1hr and qqe 60 15min, crossing down, is this good for a twin short strat[?
  • #460
  • Jan 22, 2008 12:12am Jan 22, 2008 12:12am
Quoting Pips_Cruiser
I was hoping Sith would answer this. But I believe the Twins uses 15min QQE5 and 1hr QQE5. You're looking for a good excuse to go short, aren't ya? Can't blame you . . .
hahaha :-) , I guess I subconsciently was ..lol
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