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GBP/JPY for QQE Traders!

  • #1,181
  • Edited 7:31am Feb 6, 2008 2:39am | Edited 7:31am
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  • #1,182
  • Feb 6, 2008 2:42am Feb 6, 2008 2:42am
Quoting fxfariz
hi everyone...

i just come back to forex factory...hehehe
so, anyone know where GJ will going...
for my opinion...GJ will going UP...
1st TP is a previous HIGH...

sorry my english very bad....
base on what dude?...

what i can see price will have to break 208.77(s2,fibo 23.6% and also 1hr LL_1) before consider any long position, but still no signal for long at this moment...
any opinion mate..
  • #1,183
  • Feb 6, 2008 3:55am Feb 6, 2008 3:55am
I don't know what happened to me but since yesterday I'm missing trades like I don't know what. Well lets forget that. is it because of the news that she's not moving? I'm thinking of taking a rest and come back before the news, do u think she might do anything funny while I'm gone?
All the best things in life are free.
  • #1,184
  • Feb 6, 2008 5:05am Feb 6, 2008 5:05am
Hi everyone,

I am newbie in need of help. Regarding the 2 signals that we should be looking for (Arrow and Dot pointing in the same direction), I would like some clarification. I am trading from the M15 chart.

Should they be consecutive? By this I mean, while we wait for let's say the dot to appear, an arrow signaling in the opposite direction should not appear and, if it does, we forget about the first arrow and focus on the new arrow?

Also, using the M15 time frame, how often do you get signals? I am looking at historical data and it looks like the most you get is one per market session and it usually happens during the London session. I think I haven't seen a signal during the Asian session and very few have happened in the US session.

Thank you for your assistance.

P/S: In case you wonder what the colored areas in the attached image represent, they are there to show the the different market sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: (auslanco) gbpjpy 020607 6_58am.gif Size: 39 KB
  • #1,185
  • Feb 6, 2008 5:26am Feb 6, 2008 5:26am
jeez hopefully something will happen after the news... at this stage I do not care whether it go up or down... just do something
  • #1,186
  • Feb 6, 2008 5:35am Feb 6, 2008 5:35am
Hi guys,

I agree with those saying we are bearish on the pair. Gann Hi Lo is bearish on every single TF above H1, even the daily Gann Hi Lo recently turned bearish: we have to expect a big down move for the next days/weeks.
Tomorrow, big news coming: interest statement that should give a 25bp cut and push the pair down, while Industrial production looks more like a bullish news. But the thing is: no one will take big position until the interest statement is given, which can help the pair not to go up too much before retracing back.
The pair is overall trending, according to ADX: >25, which is good.
GBP is rallying a little bit, maybe a good time to enter short: your point of view ?
  • #1,187
  • Feb 6, 2008 5:44am Feb 6, 2008 5:44am
Quoting linalm
Hi everyone,

I am newbie in need of help. Regarding the 2 signals that we should be looking for (Arrow and Dot pointing in the same direction), I would like some clarification. I am trading from the M15 chart.

Should they be consecutive? By this I mean, while we wait for let's say the dot to appear, an arrow signaling in the opposite direction should not appear and, if it does, we forget about the first arrow and focus on the new arrow?

Also, using the M15 time frame, how often do you get signals? I am looking at historical data and it looks like the most you get is one per market session and it usually happens during the London session. I think I haven't seen a signal during the Asian session and very few have happened in the US session.

Thank you for your assistance.

P/S: In case you wonder what the colored areas in the attached image represent, they are there to show the the different market sessions.
Hey, welcome!

Basically: the dots appear when QQE60 crosses up or down, while the arrows are just from the level stop reverse indicator. Usually, you are looking for both to appear, in addition to all the other requirements.
But if QQE5 is above 50, QQE60 crosses up, the prices are above 100sma on H1 and above 5sma on D, while abot the pivot point: you can enter the trade since the arrow will come right after... but usually they come together. It's just a matter of experience too... you'll soon find some signals more obvious than others... I still think you need both to be sure though.

Anyway, I switched to Kujo's system as main system and using Auslanco's one to confirm.

Demo these trading strategies before using them on real accounts.
  • #1,188
  • Feb 6, 2008 5:47am Feb 6, 2008 5:47am
Up? The news didn't do much did they? so what now?
All the best things in life are free.
  • #1,189
  • Feb 6, 2008 5:48am Feb 6, 2008 5:48am
Quoting linalm
Hi everyone,

I am newbie in need of help. Regarding the 2 signals that we should be looking for (Arrow and Dot pointing in the same direction), I would like some clarification. I am trading from the M15 chart.
try go to page 20 and read article #299... it might help you..
  • #1,190
  • Feb 6, 2008 7:50am Feb 6, 2008 7:50am
Hello,
I'm following this thread for a week and I'm tying to understand your discussions and charts and learn the system.

I'd like some help from, if you don't mind.

I'm using VTT. Not because I like it, but to have same charts as our Senior members. VTT and MT4 4Hour and Daily charts differ a lot because of broker time differences (it seems that there are no NT4 borkers with ET charts).

I have installed custom indicators and trading systems from Auslanco's page (QQE_alert.vttrs, Squeegee_Trading_System_CS01.vttrs,
VT_Stop_Level_Reverse_System_Modified.vttrs ,
vt_Momentum Multi.vtscr).

SithLord, would you be so kind to tell me about your VTT charts settings. I suppose you are using 15min, 1H, 4H and Daily charts.

I'd like to know which indicators and trading systems (and settings) do you have on the charts?

On 1H I can see QQE5, QQE60, 5SMA (green) 100SMA(black), GannHiLo (10 period????) DarkViloet. I suppose You have also some trading systems, but I cant't recognise them ?????

Can you tell me also about indicators on other charts?

Thank you!
  • #1,191
  • Feb 6, 2008 9:00am Feb 6, 2008 9:00am
Another question for experienced VTT users: Is there any possibility to switch indicators labels OFF?
  • #1,192
  • Feb 6, 2008 9:07am Feb 6, 2008 9:07am
Quoting piksy
Another question for experienced VTT users: Is there any possibility to switch indicators labels OFF?
Hi Pilsy,

You canīt hide the labels but if you put font size to 0, you wouldnīt see them,

Nice Thread Guys,
  • #1,193
  • Edited 9:47am Feb 6, 2008 9:34am | Edited 9:47am
Quoting piksy
Another question for experienced VTT users: Is there any possibility to switch indicators labels OFF?
This is a tough change to figure out. If what you really want to turn off are the "trading system labels" (like on the QQE Alert), from the Navigator window, click on:

Trading / Chart Layers / Trading System Labels

Then a new window will pop up where you can uncheck the "visible" option.

If you're sure you want to turn off all indicator labels, you can do that the same way by going through:

Trading / Chart Layers / Indicator Labels
  • #1,194
  • Feb 6, 2008 9:46am Feb 6, 2008 9:46am
Good morning Michi!

  • #1,195
  • Feb 6, 2008 9:51am Feb 6, 2008 9:51am
Quoting Pips_Cruiser
Good morning Michi!

Hey good morning PP, it's actually 6pm here in London
thanks for your reply by the way about the Gann Hi Lo indicator.

Bullish or bearish for Tokyo session ?
  • #1,196
  • Feb 6, 2008 10:00am Feb 6, 2008 10:00am
Quoting Michi
Hey good morning PP, it's actually 6pm here in London
thanks for your reply by the way about the Gann Hi Lo indicator.

Bullish or bearish for Tokyo session ?
Not sure yet. Too early. I still have one long from 208.18, and I'm trying to squeeze as many pips out of it as I can. First things first . . .
  • #1,197
  • Feb 6, 2008 10:17am Feb 6, 2008 10:17am
Quoting Pips_Cruiser
Not sure yet. Too early. I still have one long from 208.18, and I'm trying to squeeze as many pips out of it as I can. First things first . . .
Yes I miss a lot of trades because I'm sleeping when all the good things happen basically... when I go to bed, it's been 3hours Tokyo opened and when I wake up: London has been open for few hours already and NY is about to open...
I'm gonna move out and live in Tokyo

I'd be bullish for short term, let's say until Tokyo opens... but without big volatility, so no big movements, and would be bearish for Tokyo and the overnight session... waiting for the interest rate statement that will be at least a 25bp cut...
  • #1,198
  • Edited 11:57am Feb 6, 2008 10:24am | Edited 11:57am
Quoting Michi
Yes I miss a lot of trades because I'm sleeping when all the good things happen basically... when I go to bed, it's been 3hours Tokyo opened and when I wake up: London has been open for few hours already and NY is about to open...
I'm gonna move out and live in Tokyo

I'd be bullish for short term, let's say until Tokyo opens... but without big volatility, so no big movements, and would be bearish for Tokyo and the overnight session... waiting for the interest rate statement that will be at least a 25bp cut...
I hear you. I have timing problems too, but they're because it's midnight here when London opens. Even when I stay up that late, I'm usually tired and it makes it hard to think straight. Especially with all the volatility. LOL. Let's move to Hawaii . . .
  • #1,199
  • Feb 6, 2008 10:32am Feb 6, 2008 10:32am
From what I've seen so far: the interest rate cut should be no more than 25bp, it seems that BoE has been clear about that...
I still believe than even though a 25bp cut is already priced in, it might push the pair down a little bit, maybe some good pips to make, no ?

PP, Sith Lord, Kujo... you experienced traders: tell me from your previous experience regarding already priced important information.
  • #1,200
  • Feb 6, 2008 10:34am Feb 6, 2008 10:34am
It works, thank you!

Quoting Pips_Cruiser
This is a tough change to figure out. If what you really want to turn off are the "trading system labels" (like on the QQE Alert), from the Navigator window, click on:

Trading / Chart Layers / Trading System Labels

Then a new window will pop up where you can uncheck the "visible" option.

If you're sure you want to turn off all indicator labels, you can do that the same way by going through:

Trading / Chart Layers / Indicator Labels
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