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GBP/JPY for QQE Traders!

  • #1,341
  • Feb 8, 2008 2:21am Feb 8, 2008 2:21am
not bear biased, just what I see/feel.

Last night I rode her all the way down and then rode her all the way up afterwards.
Just trade what I see.

Just don't feel this little up push is the start of the bulls run.

I think it'll just dip to 207-206 area to pick up buyers and then up we go.

I may be wrong and I have a buy stop in place to hedge my shorts if it gets just a little above this 50 fib /100sma area and I'll ride out the hedge.

We'll just see if this S/R area will hold.

It's 12:30, so I'm off to bed.
Haven't been to sleep before 3am once this week and my son has me up at 7am everyday.......

Trade well on this last day of this good week.......
  • #1,342
  • Feb 8, 2008 2:38am Feb 8, 2008 2:38am
Current price is 209.73

Bulls having a nice move up after consolidation. I feel that bears are waiting in the 210.00 - 210.50 area to kick in (just around the corner). I'm going to wait for a QQE5 short signal entry in the 210.xx zone.

Price is currently stalling around 209.70 - 209.90: this is the first bear resistance level. The very strong resistance is 210.00 - 210.50.


Quoting kujo17
Just don't feel this little up push is the start of the bulls run.
  • #1,343
  • Feb 8, 2008 2:50am Feb 8, 2008 2:50am
Quoting Sith Lord
Current price is 209.73

Bulls having a nice move up after consolidation. I feel that bears are waiting in the 210.00 - 210.50 area to kick in (just around the corner). I'm going to wait for a QQE5 short signal entry in the 210.xx zone.

Price is currently stalling around 209.70 - 209.90: this is the first bear resistance level. The very strong resistance is 210.00 - 210.50.
From what I'm seeing, I think there is a little retracement coming to 209.30 level and a move up will follow. The 4H and 1HR QQE5 is quite Bullish.
  • #1,344
  • Feb 8, 2008 2:54am Feb 8, 2008 2:54am
a very good observation fx4life! let's wait and see how it pans out !! yes the 1H charts are still very bullish (so is the 15M).

Quoting fx4life
From what I'm seeing, I think there is a little retracement coming to 209.30 level and a move up will follow. The 4H and 1HR QQE5 is quite Bullish.
  • #1,345
  • Edited 3:16am Feb 8, 2008 2:58am | Edited 3:16am
This is what I'm looking at.
  • #1,346
  • Feb 8, 2008 3:01am Feb 8, 2008 3:01am
Sorry guys, I'll post a better looking chart.
  • #1,347
  • Feb 8, 2008 3:13am Feb 8, 2008 3:13am
For all those who want to be jedi disciples of Kujo please read the following.

Kujo's Simple Money Scalping Machine:
http://www.forexfactory.com/showpost.php?p=1796785&postcount=58 528
http://www.forexfactory.com/showpost.php?p=1812013&postcount=59 773
http://www.forexfactory.com/showpost.php?p=1811956&postcount=59 767
http://www.forexfactory.com/showpost...&postcount=657
http://www.forexfactory.com/showpost...&postcount=648
http://www.forexfactory.com/showpost...ostcount=11 55


I have updated key shortcut links in post #1. If any of you want to post sticky's there please let me know

http://www.forexfactory.com/showpost...06&postcount=1

Have fun !
  • #1,348
  • Feb 8, 2008 3:14am Feb 8, 2008 3:14am
Here you go. hope this will look better.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrgj.GIF Size: 26 KB
  • #1,349
  • Feb 8, 2008 5:08am Feb 8, 2008 5:08am
Quoting Sith Lord
Good job mate !! Which strategy are you using SJ for entry triggers?
On my chart this time I had QQE, Gann hi lo, momentum, cci, dmi. 30 min chart.
And thanks to your prediction for a short trend to 209.50 I set TP at 209.00
  • #1,350
  • Feb 8, 2008 11:08am Feb 8, 2008 11:08am
Quoting kujo17
not bear biased, just what I see/feel.

Last night I rode her all the way down and then rode her all the way up afterwards.
Just trade what I see.

Just don't feel this little up push is the start of the bulls run.

I think it'll just dip to 207-206 area to pick up buyers and then up we go.

I may be wrong and I have a buy stop in place to hedge my shorts if it gets just a little above this 50 fib /100sma area and I'll ride out the hedge.

We'll just see if this S/R area will hold.

It's 12:30, so I'm off to bed.
Haven't been to sleep before 3am once this week and my son has me up at 7am everyday.......

Trade well on this last day of this good week.......
Hi Kujo,
First of all thanks for sharing your system.
I just attach a screen shot of my platform to make sure all my settings are correct and I have everything is nessesery.

5SMA open & CLose
ZLS(13)
QQE 5

Would you please take a look at that and let me know.

Thank you
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: kujo.gif Size: 16 KB
Failure, is a wonderful teacher!
  • #1,351
  • Feb 8, 2008 1:01pm Feb 8, 2008 1:01pm
Quoting mike1349
Hi Kujo,
First of all thanks for sharing your system.
I just attach a screen shot of my platform to make sure all my settings are correct and I have everything is nessesery.

5SMA open & CLose
ZLS(13)
QQE 5

Would you please take a look at that and let me know.

Thank you
Mike

Mike
Is that a template that you have, it looks like one, mind sharing it I can't seem to find it.
  • #1,352
  • Feb 8, 2008 1:06pm Feb 8, 2008 1:06pm
Quoting Sith Lord
For all those who want to be jedi disciples of Kujo please read the following.

Kujo's Simple Money Scalping Machine:
http://www.forexfactory.com/showpost.php?p=1796785&postcount=58 528
http://www.forexfactory.com/showpost.php?p=1812013&postcount=59 773
http://www.forexfactory.com/showpost.php?p=1811956&postcount=59 767
http://www.forexfactory.com/showpost...&postcount=657
http://www.forexfactory.com/showpost...&postcount=648
http://www.forexfactory.com/showpost...ostcount=11 55


I have updated key shortcut links in post #1. If any of you want to post sticky's there please let me know

http://www.forexfactory.com/showpost...06&postcount=1

Have fun !
Sith Lord, I think you are doing a superb job maintaining this thread and btw, I think this is one of the better ways to trade for us(me) that find price and patterns and candlesticks to overwhelming...
  • #1,353
  • Feb 9, 2008 1:42pm Feb 9, 2008 1:42pm
Quoting Fx1618
Mike
Is that a template that you have, it looks like one, mind sharing it I can't seem to find it.
Sure,I've made it myself but Kujo hasn't confirmed it yet

Good luck
Mike
Attached File(s)
File Type: tpl kujo.tpl   9 KB | 408 downloads
Failure, is a wonderful teacher!
  • #1,354
  • Feb 9, 2008 3:57pm Feb 9, 2008 3:57pm
I see the double bottom formation on a short time frame with a reversal pattern in the middle.
  • #1,355
  • Feb 9, 2008 9:22pm Feb 9, 2008 9:22pm
Quoting mike1349
Sure,I've made it myself but Kujo hasn't confirmed it yet

Good luck
Mike
I have a suggestion, for what it's worth. If a template is going to be posted and passed around with a solid line / dashed line system for the QQE5, it might be a good idea to not have it setup the exact opposite way as the other QQE strategies. The others use a solid RSI-index line and a dashed (a.k.a. “dotted”) RSI-slow line. These appear to be the reverse.

I can think of a few reasons for not having them just the opposite of the other QQE strategies. For one, people might assume that since it’s a posted template, the QQE setup is right and can be used as an example for other types of trades. With the others it’s the solid RSI-index line crossing the 50 line that matters, if we're looking for a 50 line cross. I haven’t seen this defined in the scalping strategy yet. Maybe it’s the same and just the index line has to cross. Or maybe it’s both lines. But either way, having them just the opposite of the other strategies could lead to miscommunications or bad setups down the line. Using either two dashed (or dotted) lines, or following the standard solid line / dashed line setup, would be the way to go for a template IMO. Something to consider . . .

P.S. – Has anyone found Zero Lag indicators for anything besides MT4?
  • #1,356
  • Feb 9, 2008 10:54pm Feb 9, 2008 10:54pm
Hi Pips Cruiser,

This is one I have been using for the last two weeks - it is for VT charts. You will need to change the smoothing from 40 to 13. However this isn't great for cross entries - it lags (I don't know how to modify it). I just use it for guidance when the colours change from sell to buy. Let me know if you can figure coding the cross on ZL to coincide with QQE5 crosses. Thanks.

Quoting Pips_Cruiser
7
P.S. – Has anyone found Zero Lag indicators for anything besides MT4?
Attached File(s)
File Type: vttrs Zero_Lag_Stochastic_New_1.vttrs   1 KB | 331 downloads
File Type: vtscr ZeroLagStoc.vtscr   < 1 KB | 287 downloads
  • #1,357
  • Feb 10, 2008 6:27am Feb 10, 2008 6:27am
http://www.pnwenterprises.com/auslanco/ not working anymore. I am new to this strategy, and I am lost reading all posts about it with different settings. and I can't find the developer's main topic.
  • #1,358
  • Feb 10, 2008 1:58pm Feb 10, 2008 1:58pm
Quoting Sith Lord
Hi Pips Cruiser,

This is one I have been using for the last two weeks - it is for VT charts. You will need to change the smoothing from 40 to 13. However this isn't great for cross entries - it lags (I don't know how to modify it). I just use it for guidance when the colours change from sell to buy. Let me know if you can figure coding the cross on ZL to coincide with QQE5 crosses. Thanks.
Thanks Sith. I'll give this a try . . .
  • #1,359
  • Feb 10, 2008 2:03pm Feb 10, 2008 2:03pm
Quoting CounterTrend
http://www.pnwenterprises.com/auslanco/ not working anymore. I am new to this strategy, and I am lost reading all posts about it with different settings. and I can't find the developer's main topic.
1) The link is working fine.
2) You might notice that this thread is in the “Forex Discussion” section, not the “Trading System” section. That’s because we don’t have one particular trading strategy.
3) Since this thread isn’t about any one particular strategy, there is no “developer” and there are multiple trading strategies with multiple setups.

To quote Sith on page 1, “I hope we can keep trade discussions centered around QQE, Gann Hi-Lo, Momentum, & SMA etc. However any additional analysis will be useful (eg., news, fibs, etc); but please let’s focus on Auslanco’s indicators.”

This sums things up pretty well. We’re here to discuss existing strategies related to QQE, etc., and hopefully come up with some successful new ones.

Try the link again, and the others on page 1. If you have any specific questions after that, this is a thread where they can be discussed and possibly clarified.

  • #1,360
  • Feb 10, 2008 6:16pm Feb 10, 2008 6:16pm
here are some thoughts and ideas.

4H with QQE chart:
QQE is leveling off, but still pointing a touch down.
until thie levels fully or points up, a slight drop should be expected.

I think the 61.8 fib of this last move up, at 207.38 area is probable before the big move up......

The H4 chart with the 251 to 204 drop, shows long term 50.o fib retracement at 236 area.

H4 chart with the last major drop from 241 to 204, show's it's 50.0 fib retrace at 223 area.
This is the probable med/long term target for me.

This last chart is the 204-214, last up swing.
As I said the 61.8 fib is at 207.38 area.
This would have been hit to the numbers, had it not been for the Funddies/News last week, showing the plunge through the fib for a bit at the 205-206 area.

Last weeks Daily Pin Bar, showing a very bullish mark, I feel is exagerated due to the news/rate cuts, etc.......

I do feel we at the cusp of the uptrend.

I will sit tight on these last few shorts I have.
If we get a close below the 208.30 area, I will keep them a few more pips.
If she has trouble there, I will exit and start looking at some scalped longs, until we hit the 212-214 area which is where I'd feel confident the new long term trend will be LONG to 223+.

As always, trade what you see !!!

Hope we all have a great week !

kj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QQE:Fibs.jpg Size: 386 KB
Click to Enlarge Name: 251-204fib.jpg Size: 423 KB
Click to Enlarge Name: 204-214-206fibs.jpg Size: 365 KB
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