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GBP/JPY for QQE Traders!

  • #541
  • Jan 23, 2008 10:18pm Jan 23, 2008 10:18pm
hi PC
i am using MT4 and i got the PP from AUS website
  • #542
  • Jan 23, 2008 10:34pm Jan 23, 2008 10:34pm
Quoting makemerich
hi PC
i am using MT4 and i got the PP from AUS website
If you can't get things to work right, try posting to this thread for some help.

http://www.forexfactory.com/showthread.php?t=45076

There's a setup issue with it, that I don't understand well because I don't use MT4. But it involves setting the starting time correctly. There's something called a "broker offset" where you add or subtract hours from the regular 3, 8, and 19 to get it right, depending on where your broker is located. Or something like that . . . lol
  • #543
  • Jan 23, 2008 10:44pm Jan 23, 2008 10:44pm
Quoting Pips_Cruiser
If you can't get things to work right, try posting to this thread for some help.

http://www.forexfactory.com/showthread.php?t=45076

There's a setup issue with it, that I don't understand well because I don't use MT4. But it involves setting the starting time correctly. There's something called a "broker offset" where you add or subtract hours from the regular 3, 8, and 19 to get it right, depending on where your broker is located. Or something like that . . . lol
I just remembered something else. Here's a recent post by Aus, with a new indicator that's supposed to make the pivot easier for MT4 users. Might want to check it out. It has to do with getting the starting time correct:

http://www.forexfactory.com/showpost...ostcount=59920
  • #544
  • Jan 23, 2008 10:56pm Jan 23, 2008 10:56pm
hi PC
thanks for the help
but i dont know how to use it
like for canada what r the entries
thanks again
  • #545
  • Jan 23, 2008 11:01pm Jan 23, 2008 11:01pm
For the second straight day, Asian session has started with a sell off of both U/J and G/U. This has driven G/J down below the daily pivot, and triggered our indicators. Yesterday we had about a 100 pip retrace after the down move. Let's hope it's not that severe today. But I see something similar going on.
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  • #546
  • Jan 23, 2008 11:16pm Jan 23, 2008 11:16pm
Quoting makemerich
hi PC
thanks for the help
but i dont know how to use it
like for canada what r the entries
thanks again
There are probably at least 4 time zones in Canada. And the one that matters is the one your broker is located in, and I'm not sure who that is or where they're located. Post to this thread for some help. I've seen 2 or 3 other MT4 users get help with pivots there:

http://www.forexfactory.com/showthread.php?t=45076

Or try experimenting with the starting hour until it roughly matches what Kujo and I showed for the session pivot. Then make a note of it, and remember how far from "19" it was. That's your "broker offset" number, and you'll be able to use that for setting up other session starting times.
  • #547
  • Jan 24, 2008 12:52am Jan 24, 2008 12:52am
The Mind Game Of Trading

http://www.forexfactory.com/news.php?do=news&id=66721

Trading In The Zone

http://www.forexfactory.com/showthread.php?t=3413
  • #548
  • Jan 24, 2008 12:58am Jan 24, 2008 12:58am
Quoting Sith Lord
Hey dogbreath (great name!) , I've got Pivot of 208.73 on setting "3" for the London session.

Geez..I'm worried now. Is mine wrong ?
hehehe...nah...if anything I probably have them wrong

I am on IBFX for a broker....they are on GMT.

I am using 2 indicators....the one Auslanco suggested I believe is the "pivot Points" one....which has an option to set the session start time.

The other is called FiboPiv_v1.mq4....which seems to do things automatically.

I would prefer to use the automatic one if possible.....but I am not sure if it is giving the same reading as the auslanco one.

Just to confirm...if my broker(IBFX) is on gmt...then for the london session my "day start hour" setting should be set to 0 ....right?

Therefore "day start hour" should be set to:
LONDON=0
USA=14
ASIA=23

Is that correct?
Life's a bitch....so be a dog and cover it!
  • #549
  • Jan 24, 2008 12:59am Jan 24, 2008 12:59am
Quoting kujo17
MT4, IBFX and 208.24
Thxs for confirming that kujo...I am on ibfx too. (GMT=0 for broker time)
Life's a bitch....so be a dog and cover it!
  • #550
  • Jan 24, 2008 1:19am Jan 24, 2008 1:19am
Quoting kujo17
GPY Daily Pivot is 207.98

I have a great Indicator I can email you if you like.
Gives DP DS/Rs and MS/Rs

kj
Yup...I have 207.97....close enough
Life's a bitch....so be a dog and cover it!
  • #551
  • Jan 24, 2008 1:21am Jan 24, 2008 1:21am
hay, Sith you' there? what do you u think right now of a closing below 1hr 50 and 100 ema's, for the other guys, what your daily pivot value?
forgot to mention, breaking of the 1hr gann and possible a 1hr 5qqe 50 line crossdown
  • #552
  • Jan 24, 2008 1:27am Jan 24, 2008 1:27am
Looks like all the indicators are lined up for a short to me....just waiting for the 4hr chart ...for the price to drop below the 5sma (red line on my chart)

Anybody confirm that?
Attached Image
Life's a bitch....so be a dog and cover it!
  • #553
  • Jan 24, 2008 1:30am Jan 24, 2008 1:30am
I have a pivot point of 207.96
  • #554
  • Jan 24, 2008 1:39am Jan 24, 2008 1:39am
Quoting Pips_Cruiser
I have a pivot point of 207.96
Hi PC, any advice on patience and waiting for certain levels to be broken??
  • #555
  • Jan 24, 2008 1:40am Jan 24, 2008 1:40am
Quoting Pips_Cruiser
I have a pivot point of 207.96
207.97 here
Life's a bitch....so be a dog and cover it!
  • #556
  • Jan 24, 2008 1:41am Jan 24, 2008 1:41am
Hi Judith, today is the first day I am totally neutral on this currency. The reason is it broke the low in the US session by only 10 pips, which technically will constitute a downtrend continuation ("lower lows and lower highs"). What is baffling me is price has moved back 78.6% from the high of 210.50 and low of 204.60. This suggests to me the bulls are quite strong to hit the 78.6% mark and have equal strength as the bears right now. I dont know whether the market is giving us a "double bottom".

I think price currently is "bearish" at 207.70. But for any longs i will wait for price to bust through the trend line I have drawn. Otherwise I'm going to sit out any shorts right now and go currency shopping (look at other pairs).


Quoting judith
hay, Sith you' there? what do you u think right now of a closing below 1hr 50 and 100 ema's, for the other guys, what your daily pivot value?
forgot to mention, breaking of the 1hr gann and possible a 1hr 5qqe 50 line crossdown
Attached Image
  • #557
  • Jan 24, 2008 1:42am Jan 24, 2008 1:42am
Quoting judith
Hi PC, any advice on patience and waiting for certain levels to be broken??
I saw your post to Sith. Those are some interesting ideas. It seems like they might give added confirmation that things are really heading down. Right now price keeps moving through the pivot, 1hr 100sma, and daily 5sma. Looks kind of uncertain.
  • #558
  • Jan 24, 2008 1:57am Jan 24, 2008 1:57am
Quoting judith
Hi PC, any advice on patience and waiting for certain levels to be broken??
It might also be nice to see what the new London pivot is. It won't be a very long wait . . .
  • #559
  • Jan 24, 2008 1:58am Jan 24, 2008 1:58am
Hi all,

G/J is hanging in a dangerous territory right now! It is on the 50% Fibo retracement of the move from the bottom of 1994 to the latest highs of January this year. There is also a confluence with other fibs and pivot points.
I use one system with an EA for MT4 for trading this pair that gives me sell and buy signals everyday, but today there were no signals! Reason given by the EA: Range too wide to trade ! So I would be very careful, and wait for Europe to open and check the direction.

Good trade to all.
  • #560
  • Jan 24, 2008 12:57pm Jan 24, 2008 12:57pm
I have a question regarding the QQE indicator: 30mn ago when I looked at my GY chart, a blue dot appeared under the curve, at 210.30. It came out from nowhere since these dots are supposed to appear when one of the QQE indicators crosses up, and nothing crossed up at this time in the QQEs. It turns out the current price is 210.80 and I could have entered the trade since all the other indicator were bullish (just the QQEs that were upper the 50 level and above the slow QQE for QQE60 for hours now) . But I just figured the dot disappeared: how come?!
What am I supposed to understand from these kind of dots that pop up from "nowhere"?
Does someone know what these dots are, when they are not related with QQEs ?
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