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GBP/JPY for QQE Traders!

  • #901
  • Jan 31, 2008 2:44pm Jan 31, 2008 2:44pm
Quoting kujo17
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.
DOW is closing rather strong with no selloff in the last hour like yesterday. Lets see what NIkkei will do.
  • #902
  • Jan 31, 2008 2:53pm Jan 31, 2008 2:53pm
We all hate rangey markets.
No money to be made, as it's too risky.

if these TLs hold, she goes down.
If they don't, she goes up.

We go along with her.

We're not the pilot....merely passengers.

Patience is the Key.
  • #903
  • Jan 31, 2008 2:55pm Jan 31, 2008 2:55pm
LOL! GJ was just waiting for the DOW to close lol!
  • #904
  • Jan 31, 2008 2:58pm Jan 31, 2008 2:58pm
Thar she blows.....
  • #905
  • Jan 31, 2008 2:58pm Jan 31, 2008 2:58pm
Are we going to see the lower 209 area thats the question
  • #906
  • Jan 31, 2008 2:59pm Jan 31, 2008 2:59pm
Ok out of curiosity where did are your TP?
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  • #907
  • Jan 31, 2008 3:02pm Jan 31, 2008 3:02pm
Quoting fx_lane
Ok out of curiosity where did are your TP?
188.74 :
  • #908
  • Jan 31, 2008 3:02pm Jan 31, 2008 3:02pm
Kujo do you see this going to the Daily Gann at all? 208.51 area?
  • #909
  • Jan 31, 2008 3:09pm Jan 31, 2008 3:09pm
I was just looking at that Vin.

I think if she breaks the 209.20 fib, we'll see the Gann HiLo hit.
She may stall up at 210.40 area.
That was hit 5 times on the 1H as S/R.
She gets below that, 209.9x

Lets see what Tokyo thinks about this. I think it's gonna be a slow drop until 0:00gmt
  • #910
  • Jan 31, 2008 3:12pm Jan 31, 2008 3:12pm
I am thinking if it does go down to Gann Hi lo which is also around Monthly S3 it might reverse but it break thats then we may see 204 area again just my opinion
  • #911
  • Jan 31, 2008 3:44pm Jan 31, 2008 3:44pm
Hi guys, I'm back!

I see that Kujo is still as accurate in his TPs ! I am jealous
Anyway, the market is ranging: ADX at 16 on the M15 and 12 on the H1 TF... I'd stay out of it for now, waiting at least for Tokyo !
  • #912
  • Jan 31, 2008 3:47pm Jan 31, 2008 3:47pm
Man, these Fibs are getting a work out.

50% fib retracement of the original push down is bad ass S/R here.

Then, the 23.6 and 50.0 on the last push up, are hitting hard as well.

I think we have a nice down channel brewing, as all the high and low have been lower.

Tokyo will take us down 100-150 pips me thinks.
Then, up again.

If this pushes us down all the way to 208 area, I think the next wave up will be in the 215-217 area.

kj
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  • #913
  • Jan 31, 2008 5:33pm Jan 31, 2008 5:33pm
makemerich what do u think about the current set up?
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  • #914
  • Jan 31, 2008 5:58pm Jan 31, 2008 5:58pm
i think that will go south 209 area at least
  • #915
  • Jan 31, 2008 6:00pm Jan 31, 2008 6:00pm
Quoting makemerich
i think that will go south 209 area at least


She is certainly taking her sweet ole time.

Man, I'm just not going to bother with US sesh anymore.
Making all my pips in Tokyo and London.

Just alot of watching during the day.

Here we go boys and girls..... Bonzai !!!
  • #916
  • Jan 31, 2008 6:05pm Jan 31, 2008 6:05pm
Quoting kujo17


She is certainly taking her sweet ole time.

Man, I'm just not going to bother with US sesh anymore.
Making all my pips in Tokyo and London.

Just alot of watching during the day.

Here we go boys and girls..... Bonzai !!!
Japanese market expected to open Strong. Doesn't it mean this goes up?
  • #917
  • Jan 31, 2008 6:09pm Jan 31, 2008 6:09pm
Quoting ffbk
Japanese market expected to open Strong. Doesn't it mean this goes up?
Stong as in the YEN gets stronger ?
Then she goes down......

Down: GBP weaker / Yen stronger
UP: GBP stronger / Yen Weaker
  • #918
  • Jan 31, 2008 6:10pm Jan 31, 2008 6:10pm
Quoting kujo17
Stong as in the YEN gets stronger ?
Then she goes down......

Down: GBP weaker / Yen stronger
UP: GBP stronger / Yen Weaker
No, I meant Nikkei positive.
  • #919
  • Jan 31, 2008 6:10pm Jan 31, 2008 6:10pm
I'm tired I was watching the london session now I'm dead tired, just a few more pips and rest
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  • #920
  • Jan 31, 2008 6:22pm Jan 31, 2008 6:22pm
Nikkei is down 74pts right now.
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