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GBP/JPY for QQE Traders!

  • #881
  • Jan 31, 2008 10:23am Jan 31, 2008 10:23am
well I think she's going as far as 211.16 maybe even more but for now I wanna see to it to 211.16
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  • #882
  • Jan 31, 2008 10:27am Jan 31, 2008 10:27am
Lower time frame QQE's are bullish. US news was mildly positive. The Dow is in positive territory. Price bounced off the 4hr Gann, and now seems to be doing a retrace. If it can recover with the QQE's still crossed bullish on the 15M chart, I would expect price to challenge the 4hr Gann area again.
  • #883
  • Jan 31, 2008 10:29am Jan 31, 2008 10:29am
pip cruser what are your charts saying? mine are a bit confusing right now.
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  • #884
  • Jan 31, 2008 10:32am Jan 31, 2008 10:32am
Quoting Pips_Cruiser
Lower time frame QQE's are bullish. US news was mildly positive. The Dow is in positive territory. Price bounced off the 4hr Gann, and now seems to be doing a retrace. If it can recover with the QQE's still crossed bullish on the 15M chart, I would expect price to challenge the 4hr Gann area again.
I was short from 211.82 thought it would go down first but now it starts to look a bit lazy I'm out
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  • #885
  • Jan 31, 2008 10:32am Jan 31, 2008 10:32am
Quoting kujo17
morning all.

got a 2 yr old with a cold sleepin on my shoulder.

is this gonna be a 50% retrace of the latest move up?
or a move down below the last low?

lets see if she's got the steam to close below the dp and qqe crosses below 50.

stochs pointing down, but gun shy on this one still.
Hi K,
are you still short ?
  • #886
  • Jan 31, 2008 10:37am Jan 31, 2008 10:37am
short tp'd out while i slept.

i think this'll retrace up to 211.8 max and then we're down !

211.8 is 50 fib of last big move down.
will act as SR and push us short, mes thinks
  • #887
  • Jan 31, 2008 10:39am Jan 31, 2008 10:39am
I am looking at the 209 208 area still you agree K?
  • #888
  • Jan 31, 2008 10:40am Jan 31, 2008 10:40am
Quoting fx_lane
I was short from 211.82 thought it would go down first but now it starts to look a bit lazy I'm out
Price may have just done a 4hr 5sma retrace. There was a confluence of that and the 15M Gann HiLo at 211.40. Let's see what tune the beast is dancing to today. I'm long to 212.50, but will exit if things turn sour.
  • #889
  • Jan 31, 2008 10:46am Jan 31, 2008 10:46am
211.8o, almost to the pip...... closed below....... lets see if she heads south now.
  • #890
  • Jan 31, 2008 10:46am Jan 31, 2008 10:46am
Hello fx lane, I am not South African, I am from EU, but love to see Cape Town after travelling around the world. I may go there this April.
To business, I love all in this page, but I am here from 5am and I go to take rest. Hope it is going down.
  • #891
  • Jan 31, 2008 10:49am Jan 31, 2008 10:49am
209.58 area
breaks that and 208.3 which is S3 and also 161.8 fib ext.
  • #892
  • Jan 31, 2008 10:50am Jan 31, 2008 10:50am
if this bar breaks up, I see 212.25 as the ceiling.
but I think this 211.8 is strong SR area.

now the waiting..... for the break out
  • #893
  • Jan 31, 2008 11:06am Jan 31, 2008 11:06am
Quoting kujo17
if this bar breaks up, I see 212.25 as the ceiling.
but I think this 211.8 is strong SR area.

now the waiting..... for the break out
I can see where that might make a logical ceiling. And we haven't had any closes above it yet, just some probes. Good luck with everything!
  • #894
  • Jan 31, 2008 11:18am Jan 31, 2008 11:18am
Quoting kujo17
if this bar breaks up, I see 212.25 as the ceiling.
but I think this 211.8 is strong SR area.

now the waiting..... for the break out
Hi K,
do you have a stop loss at 212.25 or will you still keep the short beyond 212.25?
Thanks!
  • #895
  • Jan 31, 2008 11:53am Jan 31, 2008 11:53am
no SL when I'm at the terminal.

Too many 'ghost' spikes hitting my SL on IBFX.

She's going down in general, so I only trade with the trend anyway, so I seldomly use an SL.

When she breaks the DP here, I'll load up another.
  • #896
  • Jan 31, 2008 12:05pm Jan 31, 2008 12:05pm
she's being a pesky, persistant little buggah ain't she.

If this upper TL of the descending triangle holds, we're good.
Lower highs and lows..... she's bound to break soon.

Hurry up and wait..... just like the movie biz....leaving one for the other.....

Good Times !!
  • #897
  • Jan 31, 2008 12:21pm Jan 31, 2008 12:21pm
I closed my long at 211.95, and will be looking for that 50% retrace down now. I think Kujo has the right idea . . .

  • #898
  • Jan 31, 2008 12:25pm Jan 31, 2008 12:25pm
Quoting kujo17
she's being a pesky, persistant little buggah ain't she.

If this upper TL of the descending triangle holds, we're good.
Lower highs and lows..... she's bound to break soon.

Hurry up and wait..... just like the movie biz....leaving one for the other.....

Good Times !!
makes me feel like kicking it ... can't it just go down?
  • #899
  • Jan 31, 2008 12:28pm Jan 31, 2008 12:28pm
Sorry guys, but it won't go DOWN, at least not till I exit my position... see I'm also Short & prize NEVER does what I want it to do
  • #900
  • Jan 31, 2008 12:33pm Jan 31, 2008 12:33pm
Quoting Fx1618
Sorry guys, but it won't go DOWN, at least not till I exit my position... see I'm also Short & prize NEVER does what I want it to do
if you think like that........ think positive.
Trade what you see.

She's finiky, but she'll come back down.
We may have to wait until Tokyo now.... but I'd bet we see a drop in the next hour.

30M is making a nice descending triangle.
If she stays in it, we're good.

Just trade what's there.
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