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GBP/JPY for QQE Traders!

  • #1,041
  • Feb 4, 2008 3:19am Feb 4, 2008 3:19am
Quoting fx_lane
Hey guys does anyone have any good article on fibs for me to try and understand this powerful tool
I bought a book called, "New Frontiers in Fibonacci Trading" by Michael Jardine. This book is loaded with a lot of good information about how to use the fibo lines. I recommend reading it if you would like to learn more about them. You could of course find free articles or even ebooks about fibos online if you so choose.

Try this link: http://www.ebookee.com/59-trading-eb...ion_40834.html

Password to unzip the files is: static

I got a lot of good ebooks from that link.
  • #1,042
  • Feb 4, 2008 3:32am Feb 4, 2008 3:32am
emm.. it's look GJ may going up to 100sma 1H...
Attached Image (click to enlarge)
Click to Enlarge Name: auslanco.jpg Size: 174 KB
make your life smile & simple
  • #1,043
  • Feb 4, 2008 3:42am Feb 4, 2008 3:42am
Current price is 211.11

I think the 1H 100sma is very strong resistance.

I see very strong resistance at 211.63 - 211.84. This coincides with a bearish gartley (meaning bears will resume control and bulls will weaken in this price zone). Watch out for price in this zone.

Attached 15M chart shows QQE5 and QQ560 bullish. Price is also above 1H 5sma (bullish).

Quoting kaze03
emm.. it's look GJ may going up to 100sma 1H...
Attached Image
  • #1,044
  • Feb 4, 2008 3:45am Feb 4, 2008 3:45am
Quoting Sith Lord
Current price is 211.11

I think the 1H 100sma is very strong resistance.

I see very strong resistance at 211.63 - 211.84. This coincides with a bearish gartley (meaning bears will resume control and bulls will weaken in this price zone). Watch out for price in this zone.

Attached 15M chart shows QQE5 and QQ560 bullish. Price is also above 1H 5sma (bullish).
are you waiting to short
  • #1,045
  • Feb 4, 2008 3:46am Feb 4, 2008 3:46am
Quoting Sith Lord
Current price is 211.11

I think the 1H 100sma is very strong resistance.

I see very strong resistance at 211.63 - 211.84. This coincides with a bearish gartley (meaning bears will resume control and bulls will weaken in this price zone). Watch out for price in this zone.

Attached 15M chart shows QQE5 and QQ560 bullish. Price is also above 1H 5sma (bullish).
yup.. 1H 100sma hv strong resistance, R1 also at the sme line with 100sma.. i target 10pips below
make your life smile & simple
  • #1,046
  • Feb 4, 2008 3:47am Feb 4, 2008 3:47am
Quoting fx_lane
Hey guys does anyone have any good article on fibs for me to try and understand this powerful tool
Fx_lane try and find all Karmostaji post he is very good with Fib levels
Good luck and happy tradinghttp://www.forexfactory.com/images/icons/icon7.gif
Carl
  • #1,047
  • Feb 4, 2008 3:49am Feb 4, 2008 3:49am
Yup ! Looking for short signal around 211.63 - 211.84. Hope price will ride down to 208.00 - 208.20

1H is still very bullish.

Quoting ammaramani
are you waiting to short
  • #1,048
  • Feb 4, 2008 3:57am Feb 4, 2008 3:57am
well, after licking my wounds from the Patriots Superbowl loss, now I sit here and watch it slowly go nowhere......
so, it's 2am.... off to bed.....

I see it toping out at 212.37, just under R2 and then down to 208 area.

Lets hope it's what happens, as I have stop/tps etc set for my slumber.

Otherwise, trade what you see..... when awake. ;- )

Hope all had a great weekend.

Trade well.
  • #1,049
  • Feb 4, 2008 4:00am Feb 4, 2008 4:00am
I have a question, I am reading Your Trading strategy and I need some help.
I am using VT Trader not a new version MT4. Is it Ok to use just VT Trader?
When I read that, what it means 5sma, sorry for question. I do not understand that, is that one of the indicator? Moving Average?
So , I believe, You use 15 minute chart and as well 1 hour chart and You attach QQE smoothing factor 5??
Thanks for answer.
  • #1,050
  • Feb 4, 2008 4:06am Feb 4, 2008 4:06am
5 sma Simple Moving Average..
make your life smile & simple
  • #1,051
  • Feb 4, 2008 4:13am Feb 4, 2008 4:13am
Quoting Sith Lord
Yup ! Looking for short signal around 211.63 - 211.84. Hope price will ride down to 208.00 - 208.20

1H is still very bullish.
Forgive me but if price able to touch 211.84 don't you think it will give signal for Long...just wonder if you could attach any graph mate
  • #1,052
  • Feb 4, 2008 4:15am Feb 4, 2008 4:15am
thanks a lot for the answer.
  • #1,053
  • Feb 4, 2008 4:17am Feb 4, 2008 4:17am
Current price is 211.37 - price is moving up !!

Hey mate. You can use either VT or MT4 - whatever you fancy. Both can use QQE which is one of the core indicators.

5sma = simple moving average (setting 5 and closed). Stick with 15M charts as that is Auslanco's strategy time frame. 1H is useful - but that is just a personal preference. Play around and find your comfort zone. Good Luck and welcome to the club !

Quoting capetown
I have a question, I am reading Your Trading strategy and I need some help.
I am using VT Trader not a new version MT4. Is it Ok to use just VT Trader?
When I read that, what it means 5sma, sorry for question. I do not understand that, is that one of the indicator? Moving Average?
So , I believe, You use 15 minute chart and as well 1 hour chart and You attach QQE smoothing factor 5??
Thanks for answer.
  • #1,054
  • Feb 4, 2008 4:18am Feb 4, 2008 4:18am
Quoting Sith Lord
Current price is 211.11

I think the 1H 100sma is very strong resistance.

I see very strong resistance at 211.63 - 211.84. This coincides with a bearish gartley (meaning bears will resume control and bulls will weaken in this price zone). Watch out for price in this zone.

Attached 15M chart shows QQE5 and QQ560 bullish. Price is also above 1H 5sma (bullish).
Hi Sith Lord,
Thank you for your analysis. What timeframe do you see the Bearish Gartlery? Any chance of showing a chart? I am trying to picture where it could be.

http://www.harmonictrader.com/price_patternsgartley.htm
http://www.harmonictrader.com/gartleybearre.jpg
  • #1,055
  • Feb 4, 2008 4:20am Feb 4, 2008 4:20am
Quoting capetown
I have a question, I am reading Your Trading strategy and I need some help.
I am using VT Trader not a new version MT4. Is it Ok to use just VT Trader?
When I read that, what it means 5sma, sorry for question. I do not understand that, is that one of the indicator? Moving Average?
So , I believe, You use 15 minute chart and as well 1 hour chart and You attach QQE smoothing factor 5??
Thanks for answer.
capetown 5sma is simple moving average in MT QQE5 is smooting 5
and QQE60 smoothing 60
capetown nice city i stay 400km from there
carl
  • #1,056
  • Feb 4, 2008 4:30am Feb 4, 2008 4:30am
Hey ultimate.....I've attached my 1H naked charts with fibs. It has hit the magical first 78.6 fib to the pip at 211.48. There is a sneaky second 78.6 fib at 211.60.

You will also note 88.6 is very very strong resistance at 211.81 (ammaramani) if you add it to your fib calculations.

Quoting ultimate
Hi Sith Lord,
Thank you for your analysis. What timeframe do you see the Bearish Gartlery? Any chance of showing a chart? I am trying to picture where it could be.

http://www.harmonictrader.com/price_patternsgartley.htm
Attached Image
  • #1,057
  • Feb 4, 2008 4:53am Feb 4, 2008 4:53am
Appreciated what ur comment dude
  • #1,058
  • Feb 4, 2008 5:29am Feb 4, 2008 5:29am
I thought that 211.67 was the strong resistance. well we have daily R1 and weekly R0.5 there 1hr 100sma. that was good enough for my $0.02 analysis.however we have a similar set up at 208.13 does anyone think we are heading from here?
All the best things in life are free.
  • #1,059
  • Feb 4, 2008 5:30am Feb 4, 2008 5:30am
provided we start heading south
All the best things in life are free.
  • #1,060
  • Feb 4, 2008 5:34am Feb 4, 2008 5:34am
Current price is 211.44

Bears rejected bulls at 211.72 (bearish gartley zone was 211.63 - 211.83). Bulls will feel pain when price hits 210.80 - 211.00.

Quoting fx_lane
I thought that 211.67 was the strong resistance. well we have daily R1 and weekly R0.5 there 1hr 100sma. that was good enough for my $0.02 analysis.however we have a similar set up at 208.13 does anyone think we are heading from here?
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