GBP/JPY for QQE Traders! | Page 56 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

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

Attachments: GBP/JPY for QQE Traders!
Exit Attachments

GBP/JPY for QQE Traders!

  • #1,101
  • Feb 4, 2008 8:48pm Feb 4, 2008 8:48pm
I don't have a good system for ranging markethttp://www.forexfactory.com/images/icons/icon9.gif I envy those who have but I don't think I want it.
All the best things in life are free.
  • #1,102
  • Feb 4, 2008 8:56pm Feb 4, 2008 8:56pm
only system for a rangey market is patience......and trade only with the daily trend......
  • #1,103
  • Feb 4, 2008 9:31pm Feb 4, 2008 9:31pm
Quoting Nobitacu
Thanks for the tips! I'll make those changes. =)

1. Done, I was thinking about taking the QQE1 off too since I also noticed it wasn't being used anymore, thanks.
2. As for the QQE60 dot alert, which dot alert is it that I need to turn on? Right now I only have the CrossLineAlert, CrossLineEmail, QQECrossUpDot and QQECrossDownDot turned True, which one is the dot one you mentioned I need to turn on?
3. The ones I have turned on right now on my H1 chart is CrossFiftyAlert, CrossLineAlert, QQECrossUpDot, QQECrossDownDot set to True. Should I turn them all off on all my QQE5 charts for the Daily, H4 and H1? Or what's the only ones I would need on?
4. Done, all at value 10. =)
5. That's a good tip, maybe I'll do that until I get a bigger screen.

Thanks again for all your help.
Hi Nobitacu,

You can find the MT4 QQE setups on the bottom third of this page:

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

The most important ones to setup according to guidelines are the QQE’s on the 15 minute chart. Experimenting with the alert settings on the 1H, 4H, or Daily probably wouldn’t cause any harm. You can get hints of their functions from their names.

  • #1,104
  • Feb 4, 2008 9:46pm Feb 4, 2008 9:46pm
Here's what happened yesterday strictly following the system. All the indicators lined up for a short when price broke below the session pivot between 1045 and 1100 EST. Does the 15 minute bar have to close below the pivot to signal a short? If not you would have shorted just under the session pivot of 210.60, which would have got you in at the bottom before price made a 61.8% retracement. Is waiting for a pullback part of this system or do you just jump in as soon as the indicators line up?
  • #1,105
  • Feb 4, 2008 10:31pm Feb 4, 2008 10:31pm
Quoting Pips_Cruiser
Hi Nobitacu,

You can find the MT4 QQE setups on the bottom third of this page:

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

The most important ones to setup according to guidelines are the QQE’s on the 15 minute chart. Experimenting with the alert settings on the 1H, 4H, or Daily probably wouldn’t cause any harm. You can get hints of their functions from their names.

Ah, yup, on my M15 chart, I did follow those settings for both my QQE60 and QQE5, which everything on the QQE5 is turned off, while 4 values are turned on with the QQE60.

With the H4 and H1 chart's QQE5, I had them turned on so that it tells me when the QQE5 crosses up or down in case I'm not watching the screen or reading my fibo book.

Thanks again for everything Pips_Cruiser, you've been a great great help and a great trader to have around. ^^

Could I confirm something? Right now for the H4/H1 strategy, the H4 chart all confirms for a short-medium term bullish trend, Candle is forming above the TFT line, and the QQE5 has crossed up. On the H1 chart, the candle has now formed above the TFT line, and the QQE5 line is about to cross over the 50 line. Only thing is, it hasn't crossed the dotted line. So in this case, do we still need to wait for it to also cross over the dotted line, or once this main line crosses over 50, it'll be ok for the long? Or do we now wait for it to also cross over the dotted line, and then wait for it to cross below the 50 then cross up over the 50 again to enter long if everything else still confirms?
  • #1,106
  • Feb 4, 2008 10:43pm Feb 4, 2008 10:43pm
GJ may UT, huhu again... my TP @ 100sma 1H
make your life smile & simple
  • #1,107
  • Feb 4, 2008 11:08pm Feb 4, 2008 11:08pm
Now the QQE5 on the H1 crossed and also crossed over 50, so we're just waiting for this H1 candle to close to enter our long position, correct? But if it the QQE5 line is far above the 50 line by the time this candle closes, then wait for the retracement back down cross below the 50 line, then enter when it crosses above 50 again (and wait for candle to close again?) to enter long if all others still confirms, and hopefully it doesn't close too far above the 50 line again? or do we enter right away as it crosses the 50 line before candle closes?
  • #1,108
  • Feb 4, 2008 11:11pm Feb 4, 2008 11:11pm
yehh hit 100sma 1H.. wait for reverse to 50ema
make your life smile & simple
  • #1,109
  • Edited 11:53pm Feb 4, 2008 11:27pm | Edited 11:53pm
Ok, from what I understand from reading the document, we only need to wait for candle to close on the H4 to confirm it closes and forms above the TFT line, but as for the H1 QQE5 crossover the 50, we enter AT the point it crosses over, not having to wait until that current candle closes. Same for the time if you need to wait for it to retrace back down the 50 line if it's already way above the 50 line when the H4 QQE5 crosses, we enter RIGHT AT the point when the price crosses over the QQE5 50 line on the H1 chart. Is this correct?

I know that it says enter at the start of the 1hr confirmation bar, second bar after the TFT corssover bar, but what if it took a bar or two longer for the QQE5 of the H1 chart to cross? Because when the second bar formed after the TFT crossover bar on the H1, The QQE5 hasn't crosses the dotted line, and hasn't crossed over the 50 line.

Right now, this current candle is what caused the QQE5 on H1 to cross the dotted line, the candle before this is what caused it to cross the 50 line.

Yup, I just started with this strategy, so still have a bit of learning to do on reading the charts correctly with different situation. Still trying to get all this to make sense in my head.
  • #1,110
  • Feb 4, 2008 11:54pm Feb 4, 2008 11:54pm
Hi,

If the 15 Minute System is followed to the book, what is the win/lose ratio.

Am I correct to say, the only this stopping a signal for a long is price below the 1 Hr, 100 SMA when we got a cross over fro QQE 60?

Thanks
Andy
  • #1,111
  • Feb 5, 2008 12:05am Feb 5, 2008 12:05am
Quoting Asw
Hi,

If the 15 Minute System is followed to the book, what is the win/lose ratio.

Am I correct to say, the only this stopping a signal for a long is price below the 1 Hr, 100 SMA when we got a cross over fro QQE 60?

Thanks
Andy
I'm new to this, and trying to figure out the H4/H1 strategy since it's more confusing because of longer time for candle. But as for the M15, that I have a much better idea, and you're right, the only reason why this recent up arrow wasn't a valid entrance is because price is still below the H1 100sma line, everything else was confirmed.

Could someone also please post the pivot values for London now that it's opened? I would like to confirm if my values is correct. I just changed mine to 8, and my daily pivot for this London session is @ 211.07

Thanks...
  • #1,112
  • Feb 5, 2008 12:07am Feb 5, 2008 12:07am
London open and price is currently below the session pivot having rejected the 100sma on the 1H chart. 15M indicators still bullish so looking for them to turn bearish before shorting.
  • #1,113
  • Feb 5, 2008 12:10am Feb 5, 2008 12:10am
yup, huhu my next TP is 50ema 1H

if price close above 100sma 1H, Buy Signal is ON isn't?
make your life smile & simple
  • #1,114
  • Feb 5, 2008 12:12am Feb 5, 2008 12:12am
Quoting notouch
London open and price is currently below the session pivot having rejected the 100sma on the 1H chart. 15M indicators still bullish so looking for them to turn bearish before shorting.
But don't you also now need to wait for the price on the daily to be below the 5sma line to short as well?
  • #1,115
  • Feb 5, 2008 12:13am Feb 5, 2008 12:13am
the fx lane is not clear today. it's raining I can't see the road ahead. what do u think? I was not on my pc untill just now. I thought it's best to come back during the london opening. looks like some rode a nice 75 pips up. but coming down now.
All the best things in life are free.
  • #1,116
  • Feb 5, 2008 12:15am Feb 5, 2008 12:15am
looks like up is strong
All the best things in life are free.
  • #1,117
  • Feb 5, 2008 12:17am Feb 5, 2008 12:17am
I hate it when I cannot tell. http://www.forexfactory.com/images/icons/icon8.gif
All the best things in life are free.
  • #1,118
  • Feb 5, 2008 12:17am Feb 5, 2008 12:17am
5 sma not ema. The sma5 is currently above the session pivot so if the indicators turn down and price moves back below the session pivot we're ready to short.

p.s. fxlane can you not flood the thread with chit-chat because some of us are trying to learn this system. There are other threads for general chit-chat.
  • #1,119
  • Feb 5, 2008 12:25am Feb 5, 2008 12:25am
Oops my bad. notouch I was asking kujo a question. my sound like chit chat but I really needed to hear his opinion. I know I should trade what I see, maybe my judgement is a lil clouded today
All the best things in life are free.
  • #1,120
  • Edited 12:46am Feb 5, 2008 12:26am | Edited 12:46am
I just read auslanco blog posted on February 2nd with new trading rules for M15 strategy:

Buy signal:

Price ABOVE the session pivot,1hr 100sma,Daily 5sma,Gann hi-low
enter as soon as QQE60 cross upwards the dotted line ((RSindex cross up the Level RSI SLOW line))

Re-entry when the price meets the above criteria and QQE5 re-cross upwards.

Sell signal:

Price BELOW the session pivot,1hr 100sma,Daily 5sma,Gann hi-low
enter as soon as QQE60 cross downwards the dotted line (RSindex cross down the Level RSI SLOW line)

Re-entry Sell when the price meets the above criteria and QQE5 re-cross downwards.



EXIT Strategy 2:

GBP/JPY (15min charts)

SL 60 pips
TP 120 pips
Trailling stop 60pips

GBP/USD (15min charts)

SL 40pips
TP 80pips
trilling stop 40pips

USD/JPY (10min charts)
SL 25pips
TP 50pips
Trailling stop 25pips

Dow Jones futures (10min charts)
SL 30pips
TP 60 pips
Traiiling stop 30pips


So... another words, now we don't need QQE5 to cross to enter if QQE60 crosses before that, and we enter as soon as the QQE60 crosses the dotted line, even if QQE5 hasn't crossed yet it sounds like, then use it for re-entrance if QQE5 re-crosses again, and if all above still confirms.

This just made using this strategy even easier and simpler. But he also mentions Gann hi-low, is he talking about using the Gann hi-low on the M15 chart? Since it wasn't used anymore on the M15 chart before, or is he talking about Gann hi-low on either the Daily or H1?

http://www.auslanco-15.blogspot.com/
0 traders viewing now