GBP/JPY for QQE Traders!

Short from 212.11 and 211.85
Added another position of 210.81.

1H QQE and ZL Stoch are down...
4H stoch is down and QQE about to cross down.

We're gonna fall before coming up.

If she breaks the 208.90 low/fib from the last fall, I'll add another to the 205-206 area by London......

Hello Kujo, what is Your type of graphs and what kind of settings of indicators You are using? Is it Auslanco 15 min. strategy?
And how You set up ZL Stoch in VT.
Thanks for answer, I am new in this strategy and I try to figure out settings and I read a lot this page.
Thanks again.

I use a hybrid of things that I've just put together that work for me.

5/15M charts
QQE5 and ZL Stoch at the 13 setting.
5sma's open and close
Fractals and upper and lower TLs.

1H
QQE5
5smas o/c
Gann Hi Lo
100SMA close
TLs

4H
QQE5
5smas o/c
Gann HL

I also pull Fibs on 30m/1H and 4H charts as well.

Basically, I only enter a trade in the minimum 1H trend direction.

So, if the QQE and Stoch are crossed UP on the 1H, only longs, buying on the dips. Reversed for shorts.

Trend is your friend, especially when scalping too.

Not sure about the VT, as I'm on MT4/IBFX

Obviously, last night, everything was pointing UP.
But, with the news on the way and the lower area not retested, I just felt it wasn't going up YET.

I think we'll hit 208 here, possibly 205-206 depending on the GBP (cci) and JPN (leading index) news coming later today.

After that, I'd bet on a run back up to the 217-220 area.

I would say a drop to 205-206 will complete this WAVE 3 of the push down from 251, which was a new high, since 1990.

Ultimate goal, end of Wave 5 will probably be in the 185 area.

Trade it like you see it........

kj

http://forexfactory.com/attachment.p...5&d=1201895500

Kujo, check your PM bro

One Questions,what are you setting the ZL Stoch from 1H Chart?
Thanks,best regards

Input setting is 13 on the ZL Stoch. (smoothing)
Should be set that way when you load it up.

I change it to 10 on the 15M chart, for my liking.

Kujo check out your email whenever you have some time

Replied.....

Go Devils !! kidding........ #4 Bobby Orr.....

Woooh nice trade! 212.11 has to be the absolute high today! The high on my platform is 212.08. I took a short from 211.41 to 209.90, for a nice 151 pips on demo :

Simon,
You're right.
it's 212.01, not .11

Triggered the Sell Limit just under the R1 line last night while asleep. ;-)

Sent you a PM Kujo check it out when u have time

V,

YGM pal !

kj

When you guys talk about Gann Hi Lo, do you mean the Gann line that is available in MT4, or is it another indicator?
If so, can you please post it?
If not, how do I use/draw/compute it in a nutshell ?
Cheers

Kujo,

I start to be confused with your strategy: sometimes H4 indicates smthg different from H1 and M15... I thought that looking at H4 would give you a nice idea of where the market is going, then looking at H1 would tell you more about "undertrends" in this broader trend, while M15 would give entry points... am I right ?
But now that I see sometimes H4 giving bearish view, while H1 has been bearish for so long and pointing a little bit north, while M15 is completely the opposite... basically I don't know where to look at anymore

So tell me Kujo: you're looking at which TF to know which way to take, and do you use M15 or so to know your entry point?

Thanks a lot as usual !

ps: congrats for all your pips! I wanna be that successfull !

the longer the TF the better.
Now, 1H and 4H and Daily are all DOWN.
So, you only take shorts and you'll be in the clear, 95% of the time.
Lower lows and lower highs....... etc.

My 'system' is becoming a hybrid and also I would guess to say somewhat instinct as well.

if H1, 30M and 15M are all down and 4H is still UP, but leveling off, go short.
Just watch the candle sticks as well.

If you are seeing Lower Highs and Lower lows, Downtrend.
HH and HL, up trend, etc.

I'm using Fibs alot, occasionally Bollinger Bands, etc.
All to try to forsee where things will head.
Using Multiple fibs on one TF has helped me alot, to pick TPs, TO THE PIP.

TPs are now in the 208.10 area. S2
I think we're gonna see a test of S3 though, as 206.88.

209.45 is proving to be a Strong S/R level.

kj

michi,

I mainly use the 1H for 'trend' direction.
15M and even 30M will turn up, but 1H will stay down, I'll usually stay in if the retrace highs don't get up past the last HH.

Yes, use the 15M or even 5M for entry, but be mindful of the trending direction you're in.
Sometimes you get out too early, but hey, a profit is a profit.

kj

ok I see the same things as you... feel better!
Do you think it's still time to enter a short position... I mean right now prices are playing with the S/R level at 209.45 (209.3 based upon my analysis with Fibo).

Also, can you tell me more about the Gann HI LO indicator: is it the one from MT4: Gann line, or another one I have to download?

Cheers

I think since it broke the 209.45 area, we'll get a retrace up to DP.
probably a little shy.. like 209.85-90 area.
Then, turn around and head back down.
Wait until she stalls out and then go short from the top of the rally up.

206.88 by London. ;- )

Thanks for the indicator...
So can you tell me in 2 words how I am supposed to use it ?
I know, I know... I'm quite demanding, sorry about that.
Thanks man

drop it into your Indicator folder.
Launch your platform.
Load the indicator.
Pops up and gives you the Gann HL

easy