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GBP/JPY for QQE Traders!

  • #1,281
  • Feb 7, 2008 6:41am Feb 7, 2008 6:41am
No I'm not in a trade. You need to use QQE5 cross on 15M for entry and sentiment.15M QQE5 has been bearish for hours. Hang in there fx_lane.

Quoting fx_lane
sith I hope u didn't make the same mistake
  • #1,282
  • Feb 7, 2008 6:42am Feb 7, 2008 6:42am
It seems to found temporary support at Yesterdays NY S1 @ 206.94
  • #1,283
  • Feb 7, 2008 6:44am Feb 7, 2008 6:44am
Ok guys I'm calm now. oops I wanted to get myself out of business. It looks like missing and loosing trades the past two days has made me dum. anyone with a better analysis of where it might turn up plz be my guest post it. I'm a bit erational right now.
All the best things in life are free.
  • #1,284
  • Feb 7, 2008 6:47am Feb 7, 2008 6:47am
Quoting Sith Lord
No I'm not in a trade. You need to use QQE5 cross on 15M for entry and sentiment.15M QQE5 has been bearish for hours. Hang in there fx_lane.
thanks sith but trust me I can't even evaluate my own strategy right now. I just need help, or to be exactly I don't really trust myself to deliver us from evil. I tried the qqe strategy I can't seem to understand whats happening so I hang around for the GBPJPY analysis
All the best things in life are free.
  • #1,285
  • Feb 7, 2008 6:57am Feb 7, 2008 6:57am
Damn bears are stong now.
  • #1,286
  • Feb 7, 2008 6:57am Feb 7, 2008 6:57am
fx_lane ....keep it simple. Let your charts tell you what to do.

I've attached my 15M chart. It is clearly bearish - to go long against 15M chart and QQE you need to be brave. Watch when QQE5 15M cross over to bullish - then enter long (if you have a trading plan). Keep riding momentum with QQE5 on 15M or 5M - it is amazing indicator to help you stay on the ride side of the market.

Quoting fx_lane
thanks sith but trust me I can't even evaluate my own strategy right now. I just need help, or to be exactly I don't really trust myself to deliver us from evil. I tried the qqe strategy I can't seem to understand whats happening so I hang around for the GBPJPY analysis
Attached Image
  • #1,287
  • Feb 7, 2008 7:28am Feb 7, 2008 7:28am
ok fine now I understand the qqe and maybe in collaboration with my plan I'll see some results. so how do I use the hi lo indicator. plz bear with me, I'm not at my best since that move
All the best things in life are free.
  • #1,288
  • Feb 7, 2008 7:38am Feb 7, 2008 7:38am
Quoting SimonJ
Damn bears are stong now.
ok now the US news what effect do you think they'll have on GBPJPY?
All the best things in life are free.
  • #1,289
  • Feb 7, 2008 7:39am Feb 7, 2008 7:39am
invest some time and read the strategies in attached link.

http://www.pnwenterprises.com/auslanco/4-1strategy.htm

I like the Gann Hi-Lo on 15M and 5M charts (but that is my preference). you need to find what you are comfortable with and what makes sense to you.


Quoting fx_lane
ok fine now I understand the qqe and maybe in collaboration with my plan I'll see some results. so how do I use the hi lo indicator. plz bear with me, I'm not at my best since that move
  • #1,290
  • Feb 7, 2008 11:27am Feb 7, 2008 11:27am
Michi,

still alive ? SL got hit huh.

TP'd 8 lots out at 206.7 area and one sell stop at 205.90

Now lets ride her up to 222 !!!
  • #1,291
  • Feb 7, 2008 11:28am Feb 7, 2008 11:28am
Quoting Michi
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 !
should have just put a sell stop there and used it as a hedge and removed it at BE on the way back up.......
  • #1,292
  • Feb 7, 2008 11:32am Feb 7, 2008 11:32am
u all are saying that its going up ? ohshoottttt .. I had positions open short from 206.50 so I guess shud I lose some ? or Its gona make a drop first before it bounces back ? any suggestionsss??? I dont wana end my week with the bad note I hope uu all understand

thanks
  • #1,293
  • Feb 7, 2008 11:38am Feb 7, 2008 11:38am
Quoting kujo17
Michi,

still alive ? SL got hit huh.

TP'd 8 lots out at 206.7 area and one sell stop at 205.90

Now lets ride her up to 222 !!!
Hi kujo!

How long will it take for it to reach 222 you think? About 1 month?
  • #1,294
  • Feb 7, 2008 11:51am Feb 7, 2008 11:51am
Quoting h4udear
u all are saying that its going up ? ohshoottttt .. I had positions open short from 206.50 so I guess shud I lose some ? or Its gona make a drop first before it bounces back ? any suggestionsss??? I dont wana end my week with the bad note I hope uu all understand

thanks
We are still in a long term downtrend, but I don't know how much draw down you want to deal with.
I'd Hedge if I was short for sure.....or just cut my losses.
But don't do something because I said it. Look at the charts.

I'm long from 206.70
TP is 50 fib at 209.37 area.

She may retrace down a bit after that area, but short term, I'm bullish now, as it retested the low.
It may hit the 50 fib and retrace to below 204 if this downtrend is to continue, but I'm betting we see 217-222 sometime next week.

But, as always....... trade what you see..... Let the charts do the talking !!
  • #1,295
  • Feb 7, 2008 11:54am Feb 7, 2008 11:54am
Quoting kujo17
We are still in a long term downtrend, but I don't know how much draw down you want to deal with.
I'd Hedge if I was short for sure.....or just cut my losses.
But don't do something because I said it. Look at the charts.

I'm long from 206.70
TP is 50 fib at 209.37 area.

She may retrace down a bit after that area, but short term, I'm bullish now, as it retested the low.
It may hit the 50 fib and retrace to below 204 if this downtrend is to continue, but I'm betting we see 217-222 sometime next week.

But, as always....... trade what you see..... Let the charts do the talking !!
I like that, keep up the good work kujo
Trade what you see, not what you think.
  • #1,296
  • Feb 7, 2008 12:04pm Feb 7, 2008 12:04pm
Wow! i stepped out for a 20mins and this thing just shot up 100 points lol!
  • #1,297
  • Feb 7, 2008 12:13pm Feb 7, 2008 12:13pm
K man awesome job dude. Hey but there is daily pivot at 208.88 just thought to let you know.
  • #1,298
  • Feb 7, 2008 12:35pm Feb 7, 2008 12:35pm
Quoting karmostaji
I like that, keep up the good work kujo
Thanks Karmo.
I appreciate that.
Learned alot from you, and many others on FF.
  • #1,299
  • Feb 7, 2008 12:35pm Feb 7, 2008 12:35pm
Quoting vinesh2
K man awesome job dude. Hey but there is daily pivot at 208.88 just thought to let you know.
208.63 is DP on my MT4 charts.
Already closed above it.
  • #1,300
  • Feb 7, 2008 12:39pm Feb 7, 2008 12:39pm
Hmm..thats strange! I guess I misjudged it cause I saw something else. What closed above daily pivot 30min? cause I am only trading 1hr and other long term but I guess 30mins is worth lookint at too still learning
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