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GBP/JPY for QQE Traders!

  • #941
  • Jan 31, 2008 8:19pm Jan 31, 2008 8:19pm
right now it loos like going north
daily 5 sma,1hr 100 sma qqe60,qqe5 all pointing to north
  • #942
  • Jan 31, 2008 8:28pm Jan 31, 2008 8:28pm
It's just one of those days ....


Good night fellows
  • #943
  • Feb 1, 2008 12:23am Feb 1, 2008 12:23am
Short to 210 ish.......

Anyone else ?
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  • #944
  • Feb 1, 2008 12:28am Feb 1, 2008 12:28am
Late Asian Session Update


The Dow closed today at +207.53. The early Nikkei has been mostly down, and is currently -100. When either of these go up it’s considered bullish for G/J, and when they go down it’s considered bearish.

The Asian daily pivot point is 211.31. The R1 is 212.69 and S1 is 210.05. Price has only dipped below the pivot point once during Asian session.

The 4hr QQE5 is crossed bearish, and the past 9 price bars have formed below the Gann HiLo (212.36 but moving).

The 1hr QQE5 is crossed bullish, and 14 price bars have formed above the Gann HiLo (211.50 but moving).

The 15min QQE5 crossed bearish about 3 hours ago. Price bars have been closing below the Gann for about 3 hours.

The 15min QQE60 crossed bearish about 2 hours ago, while price was at 211.68. The 1hr 100sma is 211.91, and Daily 5sma is 211.87 (both moving).

The 15min “Trailing Stop Level” line is at 211.17. If price closes below this area we’ll have a new down arrow on the chart. I like where this located today, because it is below the pivot and also below the current Asian range. This is nice bearish territory.

We had a quick 50% retrace today during NY session at 16:00EST, when price dipped to 211.05. Lately this has been happening during Asian instead.

There’s a “high impact” U.K. Mfg PMI news release scheduled for 4:30EST.

Unless price ranges for too long and the lower time frame QQE’s turn bullish again, we’ll have a 15 minute strategy short trade when price closes below 211.17. If this happens during London session, check your London pivot points for trade validity, and use that S1 for TP. Looks like it will be good for about 100 pips.

  • #945
  • Feb 1, 2008 12:33am Feb 1, 2008 12:33am
Quoting kujo17
Short to 210 ish.......

Anyone else ?
A couple short scalps went to TP when price hit the pivot a moment ago. I'll be looking for a longer term trade pretty soon. Looks like we're expecting about the same thing . . .

  • #946
  • Feb 1, 2008 12:39am Feb 1, 2008 12:39am
I am with you as well....

Target is my S1 on London opening,which is 210.37

Quoting kujo17
Short to 210 ish.......

Anyone else ?
  • #947
  • Feb 1, 2008 12:47am Feb 1, 2008 12:47am
38.2 fib at 211.58 played a strong SR area.
11 15M bars could not penetrate it.
Then we got penetration, not this 15m bar can't penetrate up.
I think this will be strong enough to hold us below.

GBP news is probably not going to play too much into this.
Unless the numbers differ more than expected.
  • #948
  • Feb 1, 2008 12:52am Feb 1, 2008 12:52am
Hello everyone,

I'm new with trading the Auslanco's system. So far I have 4 charts up, Daily, 4H, 1H, M15. I like how each chart helps one another on confirming trades. I'm still new to this, just started this week, read through both documents on how to trade this, and now just watching and trying to feel the charts and how this system works. I've also started to read this thread from the beginning and I'm sure I'll learn a lot after reading through it while also trying to follow what everyone's doing.

I do have a quick question. I see everyone talked about the 100 and 5 SMA lines on the M15, but the only MA lines I see on all my charts are the 5 SMA and the 50 EMA, which both were talked about on the document. Does this mean I should change the 50 EMA to 100 SMA? I'm a bit confused about this one, sorry.
  • #949
  • Feb 1, 2008 1:19am Feb 1, 2008 1:19am
Quoting Nobitacu
Hello everyone,

I'm new with trading the Auslanco's system. So far I have 4 charts up, Daily, 4H, 1H, M15. I like how each chart helps one another on confirming trades. I'm still new to this, just started this week, read through both documents on how to trade this, and now just watching and trying to feel the charts and how this system works. I've also started to read this thread from the beginning and I'm sure I'll learn a lot after reading through it while also trying to follow what everyone's doing.

I do have a quick question. I see everyone talked about the 100 and 5 SMA lines on the M15, but the only MA lines I see on all my charts are the 5 SMA and the 50 EMA, which both were talked about on the document. Does this mean I should change the 50 EMA to 100 SMA? I'm a bit confused about this one, sorry.
Welcome to the QQE club, Nobitacu!

The first thing you might want to do, is check this web site for the latest version of the 15 minute strategy:

http://www.pnwenterprises.com/auslan...instrategy.htm

Add the 100sma to your 1hr chart. That's the only place you definitely need it. You'll see why when you read through the web page. There are other sections there for the 4hr / 1hr strategy, and also for indicator downloads. It's worth spending some time reading through it.

Some of us like the 5sma, 50ema, 100sma, and 200ema on all of our charts. But it's a personal preference. Most charts only require the 5sma.
  • #950
  • Feb 1, 2008 1:48am Feb 1, 2008 1:48am
Current price is 211.60

Price has been in a tight range 211.30 to 212.05 for a good 6- 7 hours now. I have a sneaking suspicion that if the market doesn't break the Asian session low of 211.30 any time soon that market will pop the intraday Asian high of 212.05 and rally all the way up to 212.95 -213.25. If that scenario happens it might be good to short this bugger around the 213.xx price range.

The QQE5 1H is very reliable - it is still bullish at the moment. Pip Cruiser's analysis is spot on (as usual) !! Watch a breakout of this range 211.30 to 212.05 for direction. Good luck


Quoting Pips_Cruiser
Late Asian Session Update

The 1hr QQE5 is crossed bullish, and 14 price bars have formed above the Gann HiLo (211.50 but moving).
  • #951
  • Feb 1, 2008 1:50am Feb 1, 2008 1:50am
Quoting Pips_Cruiser
Welcome to the QQE club, Nobitacu!

The first thing you might want to do, is check this web site for the latest version of the 15 minute strategy:

http://www.pnwenterprises.com/auslan...instrategy.htm

Add the 100sma to your 1hr chart. That's the only place you definitely need it. You'll see why when you read through the web page. There are other sections there for the 4hr / 1hr strategy, and also for indicator downloads. It's worth spending some time reading through it.

Some of us like the 5sma, 50ema, 100sma, and 200ema on all of our charts. But it's a personal preference. Most charts only require the 5sma.
After you get your indicators setup correctly and learn the basics, you can follow this as a summary:

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.
  • #952
  • Feb 1, 2008 2:01am Feb 1, 2008 2:01am
OK wasn't trading the QQE as well so does anyone the pivot which I can simply change the times on? oh yeah and my QQE doesn't show the doted line
All the best things in life are free.
  • #953
  • Feb 1, 2008 2:02am Feb 1, 2008 2:02am
Good Day

i think 211.89 hard to break ... if not break ... then short
  • #954
  • Feb 1, 2008 2:19am Feb 1, 2008 2:19am
Am I seeing right or is it too early to tell? are we strating to see some move?
All the best things in life are free.
  • #955
  • Feb 1, 2008 2:28am Feb 1, 2008 2:28am
Quoting fx_lane
Am I seeing right or is it too early to tell? are we strating to see some move?
Hi to all....

Is a 15 min BUY signal now?

Fer.
  • #956
  • Feb 1, 2008 2:30am Feb 1, 2008 2:30am
what a lack luster day......
brings scalp a totally new meaning.

well, lets see if she gets up to a good area to short her down a few hundred pips to end the week.

good to see ya post Sith.

kj
  • #957
  • Feb 1, 2008 2:33am Feb 1, 2008 2:33am
re: 15m buy signal.

Be careful.
We have news in an hour.
This could be a little build up to take profits off neg GBP news.
if I wasn't already in a positon, I'd stay out.
It's stalled up at 212.19 and just sitting inbetween 2 fibs.

too sketchy for my liking, but I'm already in the game, so......

we'll just have to see where she goes.
  • #958
  • Feb 1, 2008 2:39am Feb 1, 2008 2:39am
Quoting kujo17
re: 15m buy signal.

Be careful.
We have news in an hour.
This could be a little build up to take profits off neg GBP news.
if I wasn't already in a positon, I'd stay out.
It's stalled up at 212.19 and just sitting inbetween 2 fibs.

too sketchy for my liking, but I'm already in the game, so......

we'll just have to see where she goes.
Ok thanks for your help...
  • #959
  • Feb 1, 2008 2:46am Feb 1, 2008 2:46am
Thank you so much for your help. ^^ I'm going to use this month to really study this strategy and demo trade it as much as I can. I'll get my charts updated ASAP.
  • #960
  • Feb 1, 2008 3:21am Feb 1, 2008 3:21am
Quoting indio
Ok thanks for your help...
dropped 40+ pips right after I posted that.....
Saved a Buy loss..... though if you used no SL and it goes up with the news, it would have worked out... but why chance it.
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