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GBP/JPY for QQE Traders!

  • #1,261
  • Feb 7, 2008 4:01am Feb 7, 2008 4:01am
Quoting ammaramani
what i'm remember suggested time for trade 4am GMT to 1500 GMT only..
P_C, when you do contact Auslanco, could you please verify the TF to trade this?

tx
M&M
  • #1,262
  • Feb 7, 2008 4:04am Feb 7, 2008 4:04am
Quoting kujo17
Well, off to bed. 2am......
Lets see what the rate cut does in 2hours.

short from 208.85 and 208.53

TP: 206.77

Then, it's up to 217-222 !!!!

Happy Trading and Good Nite
See ya later KJ!
  • #1,263
  • Feb 7, 2008 4:08am Feb 7, 2008 4:08am
Quoting Michi
Hey PP,

Awful night for me, barely slept 5 hours.... to wake up and see my LOSS !
I also see a "J curve" on the pair: going down and then rallying finally... my SL is at 207.71, hope it won't reach that point.
I'm on a one week strategy right now, trying to catch some 100s of pips from my previous long at 209.07.
Closed some lots, but still have an open position of more than half of my previous lots.

And I won't be in front of my screen today, I'll have to access a Bloomberg terminal during my lecture breaks to be up-to-date !

Cheers
Oh no. Hang in there! It's rough for most right now.
  • #1,264
  • Feb 7, 2008 4:10am Feb 7, 2008 4:10am
I'm guessing it'll work for all market sessions since we just need to adjust the pivot value for that session, but yea, question would be, which session would be best to trade this, as in, achieving best overall performance. I believe I've read somewhere that we get the most signals during London session, while the NY session is often late and Asian session has very few signals?
  • #1,265
  • Feb 7, 2008 4:11am Feb 7, 2008 4:11am
Quoting ammaramani
what i'm remember suggested time for trade 4am GMT to 1500 GMT only..
  • #1,266
  • Feb 7, 2008 4:17am Feb 7, 2008 4:17am
Quoting Nobitacu
I'm guessing it'll work for all market sessions since we just need to adjust the pivot value for that session, but yea, question would be, which session would be best to trade this, as in, achieving best overall performance. I believe I've read somewhere that we get the most signals during London session, while the NY session is often late and Asian session has very few signals?
We seem to get signals on all sessions, with London probably the best. Too many trades during late NY and early Asian seem get stuck into ranging and eventually turn bad. I'm not sure why. Maybe not enough volume to keep things going.
  • #1,267
  • Feb 7, 2008 4:22am Feb 7, 2008 4:22am
Quoting Pips_Cruiser
We seem to get signals on all sessions, with London probably the best. Too many trades during late NY and early Asian seem get stuck into ranging and eventually turn bad. I'm not sure why. Maybe not enough volume to keep things going.
So, another words, we "could" trade from start of NY session, but maybe don't enter anymore trades 3 hours before session closes?
  • #1,268
  • Feb 7, 2008 4:25am Feb 7, 2008 4:25am
Quoting Nobitacu
So, another words, we "could" trade from start of NY session, but maybe don't enter anymore trades 3 hours before session closes?
Something along those lines, right.
  • #1,269
  • Feb 7, 2008 4:27am Feb 7, 2008 4:27am
Well, my TP has been hit and it's getting kind of late. Good night everyone!

  • #1,270
  • Feb 7, 2008 4:37am Feb 7, 2008 4:37am
Current price is 207.60 (hit low of 207.56)

Anyone got any opinions on GBP/USD and USD / JPY? Do the bears have limited downside moves on those pairs? Looks like 1.9500 on pound looks like good support (current price is 1.9515) and 106.00 good support on Yen ?
  • #1,271
  • Feb 7, 2008 4:42am Feb 7, 2008 4:42am
Quoting kujo17
Well, off to bed. 2am......
Lets see what the rate cut does in 2hours.

short from 208.85 and 208.53

TP: 206.77

Then, it's up to 217-222 !!!!

Happy Trading and Good Nite
Once again you got it man!
We'll see what happens... I set down my SL to 206.50, if it crosses that point I'll be mad... but now I cannot go backward!
Hope you'll touch AT the pip your TP, so I'm sure I'm not out of business!

Cheers and have a good night !
  • #1,272
  • Feb 7, 2008 5:02am Feb 7, 2008 5:02am
Hey sith, how are you? not great, I took a trade and I went out too early
can't go back in now

What do you think about it today? well it's been going down for too long, isn't it time it goes back up?
All the best things in life are free.
  • #1,273
  • Feb 7, 2008 5:10am Feb 7, 2008 5:10am
wait for the interest statement before going up... hopefully !
  • #1,274
  • Feb 7, 2008 5:14am Feb 7, 2008 5:14am
Hi fx lane.....do you like red or black ? Heads or tails ? haha.

Certainly G/Y looks bearish at 207.45. Bulls weren't that strong yesterday. I'm trying to judge GBP/USD and it's bearish sentiment at the moment and how much further bears can push the pound down...not sure how much further bears can take G/U.

Looking at key support levels: 206.90 is my first support and then very strong support 206.00 - 206.50. It is basically a flip of a coin to guess if BOE will cut by 50 points or not. Good luck !

Quoting fx_lane
Hey sith, how are you? not great, I took a trade and I went out too early
can't go back in now

What do you think about it today? well it's been going down for too long, isn't it time it goes back up?
  • #1,275
  • Feb 7, 2008 5:23am Feb 7, 2008 5:23am
Well, either way, first time trying out the new 15 min strategy, and so far so good. Used TS 60 as suggested with TP 120 and SL 60, and the TS has already taken into effect, so the worst I'll do now is +10 pips (I entered maybe 10 pips late since I was away from computer when QQE60 crossed on M15) Now I can relax and get some sleep (even though it's demo, but I treat it as if I'm trading live of course).

Good night everyone, hopefully it'll push down to 206.84 and hit my TP before going back up. (depends on the interest rate announcement I guess, but, this trade is now a free trade either way)

Good luck everyone.
  • #1,276
  • Feb 7, 2008 5:25am Feb 7, 2008 5:25am
Quoting Pips_Cruiser
Well, my TP has been hit and it's getting kind of late. Good night everyone!


Good nite pips_cruiser!
  • #1,277
  • Feb 7, 2008 5:37am Feb 7, 2008 5:37am
Current price is 207.35

The market has hit a low of 207.28 in the last 15 minutes and price has bounced off. If...and i say a very very big "IF"...the news comes out and the market does not break this level (207.28) in the first 5 minutes you will see a strong candle up. IF SO there may will be strength to 209.50 in the short-term. Need to see how the market reacts and what the news is. Price is bearish but news can kill all charts analysis in seconds.

Break 207.28 please just delete this post and call me crazy !

ps. 207.28 is temporary fib support - don't know whether it can hold off grizzly bears. Watch and wait.
  • #1,278
  • Feb 7, 2008 6:22am Feb 7, 2008 6:22am
I smell death. I traded like a newbie. I've got to positions. one short and one long. When do u think the down trend will stop?
I need to get out and save profits so I can deal with the long pos. I'm close to drawning my accounthttp://www.forexfactory.com/images/icons/icon8.gif
All the best things in life are free.
  • #1,279
  • Feb 7, 2008 6:26am Feb 7, 2008 6:26am
I have to admit I wasn't thinking this week. I'm almost out. I don't know what happened.
All the best things in life are free.
  • #1,280
  • Feb 7, 2008 6:29am Feb 7, 2008 6:29am
sith I hope u didn't make the same mistake
All the best things in life are free.
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