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GBP/JPY for QQE Traders!

  • #1,061
  • Feb 4, 2008 5:42am Feb 4, 2008 5:42am
Watch your QQE5 on your 15M and 1H. Both are still bullish at current prices
  • #1,062
  • Feb 4, 2008 5:50am Feb 4, 2008 5:50am
Sith, how can i get 76% on my FIB? I only show 61, 50, 38 and 23 is there a setting for 76 to show up on my FIB?
  • #1,063
  • Feb 4, 2008 5:54am Feb 4, 2008 5:54am
Hey vinesh2.......there should be a manual setting. You should be able to pop in 78.6% in your fib settings. Sorry if this doesn't help you.

Quoting vinesh2
Sith, how can i get 76% on my FIB? I only show 61, 50, 38 and 23 is there a setting for 76 to show up on my FIB?
  • #1,064
  • Feb 4, 2008 6:08am Feb 4, 2008 6:08am
DOW Futures turned positive :
http://finance.yahoo.com/indices?e=futures

[IMG]file:///C:/TEMP/moz-screenshot.jpg[/IMG]ASIA is closed all green :
http://finance.yahoo.com/intlindices?e=asia

and Europe is all green :
http://finance.yahoo.com/intlindices?e=europe

What is very important is the close today for the US stock markets. Lets see if they close higher than Friday. Alot of bad news was released last week and some good news. Traders had the weekend to digest it.

Good trading!
  • #1,065
  • Feb 4, 2008 6:16am Feb 4, 2008 6:16am
Thanks for your analysis Sith Lord. I'm used to trading naked using reversal/continuation patterns and candlesticks but I'm looking to try out this system to improve my trading discipline so I hope I can learn it and then help others once I've mastered it. On the website in the first post it says only 100sma should be on the 1H chart but I see from your rules you put a 5sma and QQE 5. Why the change? Which is the "official" rule? Also do you use session pivots as the website recommends?
  • #1,066
  • Feb 4, 2008 6:17am Feb 4, 2008 6:17am
well well well....could this finally be the resistance we were looking for to send GJ back DOWN!!!!???

GU is running into 50 fib and 200ema on the 1hr...but is this really resistance? i mean it broke upward through its downtrend line....then a pullback right to it, and is heading back up again like it should (based on technicals)

GJ however is running into both of its previous wedge resistances, the lower of which, when broken through should serve as the pullback resistance for a further downmove.....its also the 100ema on the 4hr, 76.4 fib, almost 200ema on the 1hr, AND A DAILY DOWNTREND LINE FROM LATE DECEMBER TO LATE JANUARY.....is this the perfect entry short? (UJ also has pretty major resistance right now from a wedge, could a downmove from this spark GJ again?)

ps...check the spinning tops/dojis on GJ and UJ 1hr, and GU 4hr

comments appreciated!!
The odds are on my side; let's hope they stay that way!!!
  • #1,067
  • Feb 4, 2008 6:23am Feb 4, 2008 6:23am
Hi notouch, best to stick to Auslanco's strategy rules as the official rules : 100sma should be on 1H charts. 5sma should be on Daily chart. QQE5 and QQE60 on 15M chart. This should avoid any confusion.

I think a few of us "adapt" a few of the indicators to suit our own needs - so you need to be careful and watch your own charts if you are sticking to Auslanco's rules. Good luck !


Quoting notouch
On the website in the first post it says only 100sma should be on the 1H chart but I see from your rules you put a 5sma and QQE 5. Why the change? Which is the "official" rule? Also do you use session pivots as the website recommends?
  • #1,068
  • Feb 4, 2008 6:28am Feb 4, 2008 6:28am
Thanks, I'll do that. I notice a shooting star candlestick touching the 100sma on the 1H so all we need is QQE60 on the 15M to cross and price to go below the session pivot (210.66 for what's left of the London session) and that's a short signal.
  • #1,069
  • Feb 4, 2008 6:33am Feb 4, 2008 6:33am
Current price is 211.23

Bingo - you got it ! A fair bit away from an Aus 15M signal trigger. The 15M QQE strategy will keep you on the right side of the market !

Quoting notouch
Thanks, I'll do that. I notice a shooting star candlestick touching the 100sma on the 1H so all we need is QQE60 on the 15M to cross and price to go below the session pivot (210.66 for what's left of the London session) and that's a short signal.
  • #1,070
  • Feb 4, 2008 6:43am Feb 4, 2008 6:43am
Hi Sith Lord,

Should price on the daily drop below 5sma before the QQE60 crosses down for a valid signal.

Thanks
Asw
  • #1,071
  • Feb 4, 2008 6:45am Feb 4, 2008 6:45am
QQE5 has crossed down (bears) but QQE60 is still crossed up (bulls)

Need patience for all indicators to setup properly and trigger. We dont have any bear dots or bear arrow signals yet. So boring !!!!
Attached Image
  • #1,072
  • Feb 4, 2008 6:48am Feb 4, 2008 6:48am
You need both for a signal - price needs to be below daily 5sma and QQE60 needs to cross down (a dot should appear for confirmation).

Price is hovering around daily 5sma.


Quoting Asw
Hi Sith Lord,

Should price on the daily drop below 5sma before the QQE60 crosses down for a valid signal.

Thanks
Asw
  • #1,073
  • Feb 4, 2008 6:50am Feb 4, 2008 6:50am
Thanks for your lelp mate.
  • #1,074
  • Feb 4, 2008 6:57am Feb 4, 2008 6:57am
I like the look of your settings Sith Lord as they gave a long signal this morning (Europe) while anyone following the Auslanco settings would have sat out that entire up move. If I'd been trading naked I would have taken the long as price broke above the daily pivot and Asian session range and that would have coincided with when your settings were giving a long signal.
  • #1,075
  • Feb 4, 2008 7:07am Feb 4, 2008 7:07am
Yes - there has been some good scalping methods developed by Kujo and Pips Cruiser. Follow price when 5sma open and close cross with QQE5 crossing in the same direction.... and you have a scalper's winning strategy. It is so easy it is ridiculous.

Good night all - it is past midnight here. Good luck.

Quoting notouch
I like the look of your settings Sith Lord as they gave a long signal this morning (Europe) while anyone following the Auslanco settings would have sat out that entire up move. If I'd been trading naked I would have taken the long as price broke above the daily pivot and Asian session range and that would have coincided with when your settings were giving a long signal.
  • #1,076
  • Feb 4, 2008 7:12am Feb 4, 2008 7:12am
Quoting Sith Lord
Yes - there has been some good scalping methods developed by Kujo and Pips Cruiser. Follow price when 5sma open and close cross with QQE5 crossing in the same direction.... and you have a scalper's winning strategy. It is so easy it is ridiculous.

Good night all - it is past midnight here. Good luck.
Is this with Geppy?

Thanks
  • #1,077
  • Feb 4, 2008 7:21am Feb 4, 2008 7:21am
yeh price hit 100sma in 1H, after this GJ may down to 50ema..
make your life smile & simple
  • #1,078
  • Feb 4, 2008 7:22am Feb 4, 2008 7:22am
Happy testing. This is for GBP/JPY

I have also added it to post #1

http://www.forexfactory.com/showpost...&postcount=657
http://www.forexfactory.com/showpost...&postcount=648

Quoting Asw
Is this with Geppy?

Thanks
  • #1,079
  • Feb 4, 2008 9:05am Feb 4, 2008 9:05am
I think I was wrong with my $0.02 analysis. the strong resistance in on 209.19 not 208.13. but we need to make it through both the weekly and daily pivots
All the best things in life are free.
  • #1,080
  • Feb 4, 2008 10:20am Feb 4, 2008 10:20am
emmm GJ may going hit 100sma 1H again..
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make your life smile & simple
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