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  • #1,381
  • Feb 11, 2008 3:43am Feb 11, 2008 3:43am
Quoting kujo17
Exactly.
The 15m Gann is just under the S2 area, so that where first TP would be on this small scalp long.

we'll see.... already did my 10% profit for the day, so this is all gravy, if any.
ur enter position when QQE 5 zl (13) on 15M cross upper right..when ur going to stop ur positon...it is back on aus strategy(15MQQE15 cross back down..??.. now i saw in 4hr Mom all shown down..but u still encourage to take long... still don't get make ur take long position...
  • #1,382
  • Feb 11, 2008 3:44am Feb 11, 2008 3:44am
Quoting kujo17
Exactly.
The 15m Gann is just under the S2 area, so that where first TP would be on this small scalp long.

we'll see.... already did my 10% profit for the day, so this is all gravy, if any.
So you make 10% of your capital daily!?
  • #1,383
  • Feb 11, 2008 3:59am Feb 11, 2008 3:59am
Quoting SimonJ
So you make 10% of your capital daily!?
Last few weeks I have been.
refined my system and only go with the trend, so I've been trading larger lot sizes.
  • #1,384
  • Feb 11, 2008 4:03am Feb 11, 2008 4:03am
Quoting ammaramani
ur enter position when QQE 5 zl (13) on 15M cross upper right..when ur going to stop ur positon...it is back on aus strategy(15MQQE15 cross back down..??.. now i saw in 4hr Mom all shown down..but u still encourage to take long... still don't get make ur take long position...
Went long at 207.11 and tp'd out at 207.70.

Also went long with a smaller positon at 207.13 and will keep this long term.

That 206.80 area was strong S/R area from last push down from 216 and push up to 214 before this fall.
I tried to break that area 5 times and didn't.

I think she's on her way back up.

I'm not a stickler for exacts in the sytem unless I'm scalping for quick TFs.

I'm going off longer TFs, fibs and things to decide my longer term entry points.

if she' breaks down below 206.80, I'll exit my long position I have left open or hedge it actually.

But she seems to be going up..... I'll wait for a close above S2 and head to bed.... (2:10 am pst here)

kj
  • #1,385
  • Feb 11, 2008 4:18am Feb 11, 2008 4:18am
Pips_Cruiser,

I have slightly different Daily Pivot on my VTT (demo). Your is 209.1300 (at 19:00 ET, I suppose), at my 15MIN chart it shows 209.0033. Do you ave any idea what causes the difference?

I'm attaching my London (03:00 ET) pivots. Can you check it for me, pls?
Thank you.


Quoting Pips_Cruiser
Hi Nobitacu. Hope you had a great weekend!
Attached Image
  • #1,386
  • Feb 11, 2008 4:29am Feb 11, 2008 4:29am
Quoting kujo17
Went long at 207.11 and tp'd out at 207.70.

But she seems to be going up..... I'll wait for a close above S2 and head to bed.... (2:10 am pst here)

kj
thank mate... have nice dream...
  • #1,387
  • Feb 11, 2008 4:46am Feb 11, 2008 4:46am
Quoting piksy
Pips_Cruiser,

I have slightly different Daily Pivot on my VTT (demo). Your is 209.1300 (at 19:00 ET, I suppose), at my 15MIN chart it shows 209.0033. Do you ave any idea what causes the difference?

I'm attaching my London (03:00 ET) pivots. Can you check it for me, pls?
Thank you.
PC's got a busy couple of days coming up.
He told me he won't be checking in too much for a few days, but he'll be back with us shortly......

kj
  • #1,388
  • Feb 11, 2008 10:15am Feb 11, 2008 10:15am
Morning all.

Well, got about 3.5 hours sleep.

Seems we have a double top and now double bottom formed.
Price is pushing back up.
Seems the Yen tanked against everything for a little this this am while I slept.
Not sure the reason yet, but looking into it.

15m Stoch is UP and QQE is about to cross.

30m and 1H are still crossed up.

4H is still down and under the Gann
Daily is down and under the Gann
So, that still says short.

But even with this last push down, it's higher lows and could not break below S3, so I still think we're UP for the moment.
My small long scalps from last night are still in play and in profit.
I'll hold em until she turns back around and cash out.

With a nice close above 208.4/5 area, we'll probably see north of the DP, as this has been a very strong S/R area.

Hope all are well. Many pips to all.

Trade what you see.
  • #1,389
  • Feb 11, 2008 10:32am Feb 11, 2008 10:32am
Quoting kujo17
Morning all.

Well, got about 3.5 hours sleep.

Seems we have a double top and now double bottom formed.
Price is pushing back up.
Seems the Yen tanked against everything for a little this this am while I slept.
Not sure the reason yet, but looking into it.

15m Stoch is UP and QQE is about to cross.

30m and 1H are still crossed up.

4H is still down and under the Gann
Daily is down and under the Gann
So, that still says short.

But even with this last push down, it's higher lows and could not break below S3, so I still think we're UP for the moment.
My small long scalps from last night are still in play and in profit.
I'll hold em until she turns back around and cash out.

With a nice close above 208.4/5 area, we'll probably see north of the DP, as this has been a very strong S/R area.

Hope all are well. Many pips to all.

Trade what you see.
It looks it was not able to go through 208.11
do you think it will retest 206.8 ?
  • #1,390
  • Feb 11, 2008 10:40am Feb 11, 2008 10:40am
207.30 area is strong S/R.
I doubt we'll see it drop back through there.
I'll add another long scalp there if it gets there.
But, as of now, it seems 207.8 is acting as strong support again as well.

We're having Higher Lows, which signals up trend. Even if just for the time being, but I think this may be the start of the new Uptred.

WE could have a strong CPI tomorrow and that will certainly send things up.

There's just too many strong S/R points to push through now, to go south of 206.8.
  • #1,391
  • Feb 11, 2008 11:34am Feb 11, 2008 11:34am
Quoting kujo17
207.30 area is strong S/R.
I doubt we'll see it drop back through there.
I'll add another long scalp there if it gets there.
But, as of now, it seems 207.8 is acting as strong support again as well.

We're having Higher Lows, which signals up trend. Even if just for the time being, but I think this may be the start of the new Uptred.

WE could have a strong CPI tomorrow and that will certainly send things up.

There's just too many strong S/R points to push through now, to go south of 206.8.
Thanks, kujo. I'm learning a lot from you. Just to let you know.
  • #1,392
  • Feb 11, 2008 12:32pm Feb 11, 2008 12:32pm
When 5SMAs cross, I'll wait for the following 5M bar to close.
If it closes below the SMAs, and Stoch crosses over, Enter trade.
Long if above and short below.

Hi kuyo,
I hope you have been able to rest...
When you have some time, Iwould like you to ask a couple of things about your scalps entrys.

1) Supous we have the 5Smas cross, do the stoch crosses has to happens simultaneously, or can we wait another bars until it happens and then pull the trigger.
2) Is the 5/15´QQe5 crosover the 50 line still considered, and if still valid when that has to happens (same doubt #1).

hope you understand my question (no good english) and find some time to answer them.
best luck whith yours pips.
  • #1,393
  • Feb 11, 2008 2:06pm Feb 11, 2008 2:06pm
Quoting indio
When 5SMAs cross, I'll wait for the following 5M bar to close.
If it closes below the SMAs, and Stoch crosses over, Enter trade.
Long if above and short below.

Hi kuyo,
I hope you have been able to rest...
When you have some time, Iwould like you to ask a couple of things about your scalps entrys.

1) Supous we have the 5Smas cross, do the stoch crosses has to happens simultaneously, or can we wait another bars until it happens and then pull the trigger.
2) Is the 5/15´QQe5 crosover the 50 line still considered, and if still valid when that has to happens (same doubt #1).

hope you understand my question (no good english) and find some time to answer them.
best luck whith yours pips.
for Scalping, I don't want for a qqe cross of the 50 line.
For longer term trading holds, I would.

waiting for another bar to close is fine. It's safer obviously, but you could also lose out on pips and quick pips is what scalping is all about.

OR, do what I've been doing.
I use my strategy, along with deciding the overall TREND, with higher TFs, Fibs and TLs and then make my quick and long trades with larger Lot sizes, as I'm not overly worried about drawdown, as I'm trading with the trend.

In the last 2 weeks, I've hit a 10%+ profit every day.

kj
  • #1,394
  • Feb 11, 2008 2:21pm Feb 11, 2008 2:21pm
Hi Kujo, and all the others...

As usual: Kujo proves he aces what he's doing... 10%+ daily is just crazy!
I'll start trading again on thursday since I'm quite busy right now, and I'll come back with my analysis by the end of the week...

Kujo is way better at that though.

Cheers
  • #1,395
  • Feb 11, 2008 2:25pm Feb 11, 2008 2:25pm
Quoting kujo17
for Scalping, I don't want for a qqe cross of the 50 line.
For longer term trading holds, I would.

waiting for another bar to close is fine. It's safer obviously, but you could also lose out on pips and quick pips is what scalping is all about.

OR, do what I've been doing.
I use my strategy, along with deciding the overall TREND, with higher TFs, Fibs and TLs and then make my quick and long trades with larger Lot sizes, as I'm not overly worried about drawdown, as I'm trading with the trend.

In the last 2 weeks, I've hit a 10%+ profit every day.

kj
Amazing job .

Thank for your response.

I think I should learn more about find the right trend and then follow it. When ever you feel confortable please update us whit yours most important things (and its time frame) you consider when you do your trend analisis at these lasts times.

Sorry to boder you in that way, fell free to answer these or not. Thanks my Teacher .

tons of green pips to you
  • #1,396
  • Feb 11, 2008 3:43pm Feb 11, 2008 3:43pm
hi all
i'm new to forex and want to learn from you
i want to thank you all for your advice and effort thet keep this forum so useful
i think we broke 1h downchannel and entered another up channel which will confirmed by break 4h down channel
what do you think[IMG]file:///c:/w.gif[/IMG]
  • #1,397
  • Feb 11, 2008 3:49pm Feb 11, 2008 3:49pm
hi all i'm new in forex and
i want to thank all of you for your help and advice
i think we broke downchannel and get into upchannel in 1h tf
but we still in downchannel in 4h and down daily trend
what do you think
sorry my english is bad apple car pipsehttp://www.forexfactory.com/c:\w.gif
  • #1,398
  • Feb 11, 2008 3:50pm Feb 11, 2008 3:50pm
hi all i'm new in forex and
i want to thank all of you for your help and advice
i think we broke downchannel and get into upchannel in 1h tf
but we still in downchannel in 4h and down daily trend
what do you think
sorry my english is bad apple car pipse
http://www.forexfactory.com/c:\w.gif
  • #1,399
  • Feb 11, 2008 4:26pm Feb 11, 2008 4:26pm
Quoting piksy
Pips_Cruiser,

I have slightly different Daily Pivot on my VTT (demo). Your is 209.1300 (at 19:00 ET, I suppose), at my 15MIN chart it shows 209.0033. Do you ave any idea what causes the difference?

I'm attaching my London (03:00 ET) pivots. Can you check it for me, pls?
Thank you.
Hi Piksy,

Those pivots are off by a little more than I prefer to see. But the first day of the week is notorious for pivots and indicators being more out of sync than usual. It shows up between two different brokers, but can also show up with the same broker since they use multiple servers.

It has to do with taking their trading servers off line at slightly different times, and bringing them back on line at slightly different times. My charts show quite a bit of volatility right at the weekly close and the weekly open. If it hadn’t been quite so volatile, I think the differences would have been smaller. Pretty soon we’ll get 24 hour pivot calculations that only include this week, so the differences should decrease.
  • #1,400
  • Edited 9:45pm Feb 11, 2008 4:33pm | Edited 9:45pm
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!
Here’s how my charts are setup when looking for 15 minute and 4H / 1H trades. I keep the M15, 1H, and 4H charts open at the same time. Now and then I change the 4H chart to Daily and check the Daily 5sma, then change it back to 4H again. I write “Comments” on the M15 chart telling me where the pivot, 1H 100sma, and Daily 5sma are, and try to keep it reasonably up to date.

Each chart has a QQE5, Gann HiLo (10), and 5sma (close). 1H chart has a 100sma line.

On the M15 chart only, I have the LSR system with settings of 28*2.75. No Squeege indicator, since that’s only used with the “Beta” Daily Momentum strategy that Aus is finalizing. The M15 chart also has the “QQE Alert” system, which I’ve set to 60. It provides a QQE60 indicator and dots for QQE60 crosses. It also provides another indicator, which I minimize so it doesn’t show up on the chart (since I don’t use it). Incidentally, the QQE Alert is optional. If you prefer, you can use a regular QQE indicator with a smoothing factor of 60 and just look for crosses.

Less important:

Currently I don’t have momentum indicators on the charts, but I’m thinking of putting them back on. One way of handling it would be to add the regular VT indicator and set it to 10. Another would be to download the custom indicator and use that instead. It shows three different momentum settings at the same time, and is getting pretty popular. You may or may not want to experiment with these.

I have MA lines for 50ema, 100sma, and 200ema on all my charts (using "close"). That’s because these often act as areas of support and resistance, and it’s nice to know where they are. You may or may not find these helpful, depending on your trading style. I use 5sma=red, 50ema=pink, 100sma=blue, and 200ema=black as my coloring code. I also use solid lines for all sma’s, and dashed lines for all ema’s. But there is no "standard" way of setting these up, and you can invent your own system.
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