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GBP/JPY for QQE Traders!

  • #1,201
  • Feb 6, 2008 12:41pm Feb 6, 2008 12:41pm
Quoting piksy
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!
Hi piksy,

Good questions for Sith. But there's one issue he might not be familiar with. There is a new notation on the web site download page, saying that the "Squeege" is a replacement for the LSR. But the only place I see Squeege mentioned in any of his strategies is the Daily Momentum. There may have been a miscommunication. The web master has been contacted, and he's waiting to hear back from Aus. Hopefully we'll know for sure before long. But we're still using LSR here, and the settings are 28*2.75.
  • #1,202
  • Feb 6, 2008 12:42pm Feb 6, 2008 12:42pm
P_C,

at what time did you enter long at 208.18?

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 . . .
  • #1,203
  • Feb 6, 2008 12:53pm Feb 6, 2008 12:53pm
Quoting piksy
P_C,

at what time did you enter long at 208.18?
03:25EST. It wasn't following any regular QQE strategy. I take about 25 G/J trades a week, and only about 4 are "15 minute strategy" trades. The rest are based on other things. I saw the potential bottom being 207.50, so left a stop loss under that. It worked out . . .
  • #1,204
  • Feb 6, 2008 1:23pm Feb 6, 2008 1:23pm
watching the charts for the last couple of hours it really struggled to get past the 20930 area and starting to look bearish do you good guys think the bulls have lost momentum and the bears hitting this pair again any opinions more than welcome

good luck to all
  • #1,205
  • Feb 6, 2008 1:34pm Feb 6, 2008 1:34pm
I'm bearish on the pair... I already posted my point of view few hours ago...
Cheers
  • #1,206
  • Feb 6, 2008 1:36pm Feb 6, 2008 1:36pm
I think it will go down to around 208.00 and then either break that line or bounce back up. I'll see what it does around that line if it reaches it and then I'll decide what to do.
  • #1,207
  • Feb 6, 2008 1:47pm Feb 6, 2008 1:47pm
Up we go
Trade what you see, not what you think.
  • #1,208
  • Feb 6, 2008 2:01pm Feb 6, 2008 2:01pm
Quoting karmostaji
Up we go
Triple interest Wednesday . . .
  • #1,209
  • Feb 6, 2008 3:42pm Feb 6, 2008 3:42pm
Hey guys, how's everyone doing today ?
Just got back in. Checking things out.

Like Karmo, I have a feeling we're going up here.
But, I think we might have one more low retest if she drops below 208.54 area.

There was alot of S/R there on the Daily and lower TFs.

Looking things over and just scalpin at the moment.

Long from 208.70, quick TP at the 50Fib 209.35 area x4.
  • #1,210
  • Feb 6, 2008 3:52pm Feb 6, 2008 3:52pm
Hi Kujo !
Nice to see you back !

I actually closed my short with a loss of 20 pips and went long at 209.06...
Don't know whether I should keep it overnight or just scalping like you and close my position after the triple interest...

What's your point of view?

QQE and Stoch start to look bullish.
  • #1,211
  • Feb 6, 2008 4:03pm Feb 6, 2008 4:03pm
Will depend on the GBP news.
Since 'overnight' is different for us all, just depends.

If it's only a .25 cut, it's already figured in and we'll start the rise probably.

If it's more than .25, we'll drop or TANK.

If they don't cut at all....just keep pushing the BUY button ! ;-)
(stole that quote from another FF'r from the last news day)
  • #1,212
  • Feb 6, 2008 4:05pm Feb 6, 2008 4:05pm
K man i read this somewhere "Sterling will strengthen initially in the unlikely situation that rates are left on hold, but the UK currency would soon weaken rapidly on recession fears"
  • #1,213
  • Feb 6, 2008 4:08pm Feb 6, 2008 4:08pm
you know what: I'm gonna stick to it !
I cannot go back now since I bought a little more contracts than usually (J. Kerviel is my brother)...
I kind of agree with you about this bullish trend, but still have some bearish signs that I don't really like...
I totally agree with you when you say that there is some more room for a bearish trend, which will then transform into a bullish trend... anyway I'm long so I'm long!

Yes sorry for the "overnight" thing, it's 10PM in London that's why !

Cheers
  • #1,214
  • Feb 6, 2008 4:08pm Feb 6, 2008 4:08pm
if rates are held, I think it'll TANK and then retrace back to Normal in like 15 mins.
Normal news reactions.

.25 is priced in. It comes in as planned, not much news whipsaw'n.

If it's NOT that, up or down, there will be some or major movement.

She may retrace right back to current price quickly, but there will be some anarchy for sure.
  • #1,215
  • Feb 6, 2008 4:19pm Feb 6, 2008 4:19pm
Quoting kujo17
if rates are held, I think it'll TANK and then retrace back to Normal in like 15 mins.
Normal news reactions.

.25 is priced in. It comes in as planned, not much news whipsaw'n.

If it's NOT that, up or down, there will be some or major movement.

She may retrace right back to current price quickly, but there will be some anarchy for sure.
Just like the AUD/USD few days ago. +0,25 % => -50 pips in a few seconds...
  • #1,216
  • Feb 6, 2008 4:22pm Feb 6, 2008 4:22pm
GY swings 50 pips for no reason.......

News is the hardest thing to judge.
But, from past experience.

If it comes in on target at .25 cut, won't be much action aside from some normal PA right before and after.

If it's cut MORE, well just watch the bars grow........fast.......
  • #1,217
  • Feb 6, 2008 4:28pm Feb 6, 2008 4:28pm
Highly unlikely for 50 I mean they are worried about inflation and plus UK recession is not as evident as US imo. I mean UK FED's a little more patient then US. US pple need a lot of those KARMO patience pills
  • #1,218
  • Feb 6, 2008 4:36pm Feb 6, 2008 4:36pm
what's your point of view of GY in the next few hours: up or down ?
it's retracing down right now... do you see it doing that for a while or will it bounce around 208.20 where a Fibo retracement S/R is to jump bullish ?!
  • #1,219
  • Feb 6, 2008 5:17pm Feb 6, 2008 5:17pm
Quoting vinesh2
Highly unlikely for 50 I mean they are worried about inflation and plus UK recession is not as evident as US imo. I mean UK FED's a little more patient then US. US pple need a lot of those KARMO patience pills
Karmo and Diet pills.........

I think it'll come in at .25 and not much commotion.
  • #1,220
  • Feb 6, 2008 5:26pm Feb 6, 2008 5:26pm
Are we having a 15min short signal now? Seems like all the criteria matched.
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