- Post #1,000
- Quote
- Feb 1, 2008 2:33pm Feb 1, 2008 2:33pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,431 Posts
QQE on metatrader 0 replies
QQE Gann Indicator 1 reply
qqe help 3 replies
QzFX vs. QQE 5 replies
QQE and Gann Hi Lo Indicator 3 replies
DislikedPC newbie question here. When you say 50% retrace of this fall which time frame do you calculate the 50% retrace from?Ignored
DislikedPC newbie question here. When you say 50% retrace of this fall which time frame do you calculate the 50% retrace from?Ignored
DislikedWhy do people call it a 50 % fib retracement when the 50 % have nothing to do with the Fibonacci numbers ?
I am not such a fan of Fibo anyway ... if there is a retracement coming it shouldn't get further than 210.14 (weekly pivot).Ignored
DislikedIf I were to draw the fib would I have to wait till the end of the Daily candle? and then figure out the 50% retrace>Ignored
DislikedAfter 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.Ignored
DislikedHello again,
I've download all the new indicators and templates, but found out I'll need to add the indicators myself and readjust its values with those templates (most likely because of new versions of indicators). I've done that so far for H4 chart (which I'm guessing would be same settings with H1 chart, only H1 I'll also add a 100sma line), however, for the LevelStop_Reverse indicator, what values should I enter for these? I default is NonATRStopPips=40, ATRPeriod=9, ATRMuliplier=3.0 and ATRSmoothing=0. I couldn't have on his website that states the values I needed for the H4/H1 charts. I did find the values for the M15 chart.
Thanks for your help.Ignored
DislikedWhy do people call it a 50 % fib retracement when the 50 % have nothing to do with the Fibonacci numbers ?
I am not such a fan of Fibo anyway ... if there is a retracement coming it shouldn't get further than 210.14 (weekly pivot).Ignored