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GBP/JPY for QQE Traders!

  • #1,301
  • Feb 7, 2008 12:55pm Feb 7, 2008 12:55pm
15M and the 30M and in 3 mins, so will the 1H
all QQE's and Stochs are screaming UP.
She's creeping...... I think I'll hit this one as it's a fib as well.
Then a retrace to 207 or even 204......

I may adjust my TP to the 100sma.

trade what the charts tell you.....
  • #1,302
  • Feb 7, 2008 1:18pm Feb 7, 2008 1:18pm
Darn it missed my pending order by 2 pips! for a short at 50% retrace lol!
  • #1,303
  • Feb 7, 2008 1:20pm Feb 7, 2008 1:20pm
My 50Fib/TP was hit +1 pip.

Now, short for a retrace...............to where ? 204..... ;-)

207.63 is the 50fib retrace for this last move UP......
208.24 is the 61.8, which was hit 3 times on the way UP..... lets see....

I'm going to say at least the 61.8 at 207.19, which was hit 6 times on the way up.
  • #1,304
  • Feb 7, 2008 1:29pm Feb 7, 2008 1:29pm
Nice! i am already short from 208.76 so lets see 208..18 is a potential resistence but then again I dont think I know what I am talking about
  • #1,305
  • Feb 7, 2008 1:35pm Feb 7, 2008 1:35pm
Sith Lord, you are a real gem, you are doing a great job for we that are new in FX biz, I've lost money, I mean real money but I'm beginning to pick up the pieces, the market moved past 208.88 which is the daily pivot point. Should we be expecting a bearish move? Does this system work outside London session i.e Asian session? Just a quick one, can you recommend a good exit signal for me. Thanks


Quoting Sith Lord
Current price is 209.13

Today the market has hit same low as last Friday at 208.83/84. The market still has not completed it's bear move down to 208.12 - 208.54. I think there is still some more space to move downwards before bulls come strong again.

Sure you may get a retracement up...but it appears very limited. I can't see bulls going past 210.06 - 210.22 (max 210.70ish). Price is bearish - you have the 3 Amigos (QQE5 15m, 1h and 4h) all crossed down. Good luck all.
  • #1,306
  • Feb 7, 2008 1:54pm Feb 7, 2008 1:54pm
Quoting kujo17
My 50Fib/TP was hit +1 pip.

Now, short for a retrace...............to where ? 204..... ;-)

207.63 is the 50fib retrace for this last move UP......
208.24 is the 61.8, which was hit 3 times on the way UP..... lets see....

I'm going to say at least the 61.8 at 207.19, which was hit 6 times on the way up.

Hi Kujo,

I have been watching this thread for the past 4 weeks, and each time you post your projections I just smile because I know that you hit the mark 90+% of the time. I saw your projection of 209.37 and decided to TP just 2 pips lower and viola! What do you know I made money again. I don't just take your projections I make very attempt to understand your analysis.

I love your 5 Min scalp it is just amazing, I made 40 trades off it with one loss and of course that was the time I tried to add my 2 cents worth to it, what can I say AMAZING!

Thank you and the other traders on the thread, you've helped me to improve my trading and better my understanding of Technical Analysis.

WOW! You are the MASTER my friend!

Roroe
  • #1,307
  • Feb 7, 2008 2:16pm Feb 7, 2008 2:16pm
I made 179 pips today on a long from 207.21 to TP at 209.00
  • #1,308
  • Feb 7, 2008 2:21pm Feb 7, 2008 2:21pm
Good job Simon ..
I made a blunder and went short from 206.48 and now its at 208 lol . i m praying for this to drop so that I can get out of it before the weekend
  • #1,309
  • Feb 7, 2008 2:29pm Feb 7, 2008 2:29pm
Roroe,

Thanks for the kudos.
Sith, PC and the rest of us are all evolving and this thread is making some good pips it seems.

Just remember, trade it when you see it.

I don't use SL's, so I may take some draw down or I hedge, but usually never take a loss with an SL.

Very nice Simon... keep it up.

H4udear, it should come down and you should be fine.
Don't bother hedging at the top and taking the loss.
It's coming down as we speak.

May get help up on the way, but should see another low retest here.

kj
  • #1,310
  • Feb 7, 2008 2:33pm Feb 7, 2008 2:33pm
yeah I was thinking t go hedge earlier but I have changed my mind .. I wana target around 206 .. what do u think the target is before close tmrW?
  • #1,311
  • Feb 7, 2008 2:43pm Feb 7, 2008 2:43pm
Hey roroe.......we owe Kujo big time for his sharing his scalping plan ! I smile too when KJ posts his analysis. Welcome to the club.

Thanks KJ (and hope you got some sleep) !

Quoting roroe
Hi Kujo,

I have been watching this thread for the past 4 weeks, and each time you post your projections I just smile because I know that you hit the mark 90+% of the time. I saw your projection of 209.37 and decided to TP just 2 pips lower and viola! What do you know I made money again. I don't just take your projections I make very attempt to understand your analysis.

I love your 5 Min scalp it is just amazing, I made 40 trades off it with one loss and of course that was the time I tried to add my 2 cents worth to it, what can I say AMAZING!
  • #1,312
  • Feb 7, 2008 2:44pm Feb 7, 2008 2:44pm
Good job mate !! Which strategy are you using SJ for entry triggers?

Quoting SimonJ
I made 179 pips today on a long from 207.21 to TP at 209.00
  • #1,313
  • Feb 7, 2008 2:53pm Feb 7, 2008 2:53pm
Can someone direct me to Kujo's 5 Min scalp?

Quoting roroe
Hi Kujo,

I have been watching this thread for the past 4 weeks, and each time you post your projections I just smile because I know that you hit the mark 90+% of the time. I saw your projection of 209.37 and decided to TP just 2 pips lower and viola! What do you know I made money again. I don't just take your projections I make very attempt to understand your analysis.

I love your 5 Min scalp it is just amazing, I made 40 trades off it with one loss and of course that was the time I tried to add my 2 cents worth to it, what can I say AMAZING!

Thank you and the other traders on the thread, you've helped me to improve my trading and better my understanding of Technical Analysis.

WOW! You are the MASTER my friend!

Roroe
  • #1,314
  • Feb 7, 2008 3:01pm Feb 7, 2008 3:01pm
Current price is 208.70 (US session high of 209.39)

Exit signal: Ride the waves with the QQE5 on the 15M - enter and exit on the QQE5 crossing and when price moves above/below 5sma (green line). See attached chart. The QQE5 is a money making machine - follow Kujo's strategy and you will do well. See attached 15m chart for the power of QQE5 - follow it's trend !! The 5M TF does very well too if you wish to check out that time frame - works extremely well in Asia and ranging markets.

If price stays above 208.00 there is still bullish strength. Anything below 208 you need to reassess market sentiment. However 209.39 is pretty strong resistance to pop.

Quoting ollynick
Sith Lord, you are a real gem, you are doing a great job for we that are new in FX biz, I've lost money, I mean real money but I'm beginning to pick up the pieces, the market moved past 208.88 which is the daily pivot point. Should we be expecting a bearish move? Does this system work outside London session i.e Asian session? Just a quick one, can you recommend a good exit signal for me. Thanks
Attached Image
  • #1,315
  • Feb 7, 2008 3:02pm Feb 7, 2008 3:02pm
Hi guys,
I'm back with a huge loss... I knew it would make the J curve, but stopped me at my SL, 50 pips above the turning point... and now I'd be in-the-money almost.... no comment !

Anyway, I don't have much money left, I'll have to be more cautious with money management. I'll now have to buy small size lots, and come back in business !

Cheers
  • #1,316
  • Feb 7, 2008 3:02pm Feb 7, 2008 3:02pm
Hi BenQ. Go to post #1. I saved it there.

Also anyone that wants any post to go to #1 as a sticky please let me know

Quoting BenQ
Can someone direct me to Kujo's 5 Min scalp?
  • #1,317
  • Feb 7, 2008 3:06pm Feb 7, 2008 3:06pm
Michi you will do well. Your analysis is good. Yeah maybe mini account might be good for a few months. Good luck

Quoting Michi
Hi guys,
I'm back with a huge loss... I knew it would make the J curve, but stopped me at my SL, 50 pips above the turning point... and now I'd be in-the-money almost.... no comment !

Anyway, I don't have much money left, I'll have to be more cautious with money management. I'll now have to buy small size lots, and come back in business !

Cheers
  • #1,318
  • Feb 7, 2008 3:08pm Feb 7, 2008 3:08pm
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 !!!
Yes got stopped !
4 lots ... loss some 100s $ ! And almost blew away my account, just a 100$ left: so stupid money management !
I was too confident and happy about this triple interest on wednesday! And I'm so mad, because it was sure it would bounce back at 206.00 with this strong S/R level, I'd have entered long for sure, letting it cruise up ! But NO: I was at a f****** lecture on derivatives... when I checked the bloomberg terminal: I figured I was out, and got kind of nervous!

Anyway, I know I can make it and come back, 0.5 lots after 0.5 lots ! But there were 200 free pips after the news to take! I'm so stressed right now for not having been here...

But thanks Kujo for thinking about me, I appreciate

And you know, we learn from our mistakes!
  • #1,319
  • Feb 7, 2008 3:09pm Feb 7, 2008 3:09pm
Quoting Sith Lord
Michi you will do well. Your analysis is good. Yeah maybe mini account might be good for a few months. Good luck
Yes 0.5 lots of a mini account is my last chance to survive!

But I am quite confident... it will be slow, but the aim is to learn !
  • #1,320
  • Feb 7, 2008 3:11pm Feb 7, 2008 3:11pm
Let's celebrate my 100th post
I attributed to myself the title of "Junior Member"
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