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GBP/JPY for QQE Traders!

  • #1,401
  • Feb 11, 2008 4:37pm Feb 11, 2008 4:37pm
Quoting Nobitacu
Thanks a lot Pips_Cruiser. My session pivot was only off by 3 pips, so at least now I know I won't have any problem trading on Mondays. All my other resistance/support lines are way off however, but they are not needed as much since I'll be using the set standard TP/SL/TS values or exit if QQE60 cross back the opposite way. At least my fibo lines seems to be fine as well for today.

I had a good weekend, how was yours? Hope you had a great weekend as well. Happy trading and may the pips be with us all for this new week.
I had a fine weekend. Looks like I'll have a pretty busy work week though, and not much time for FF. Hope the rest of your trades go as well as this one!

  • #1,402
  • Feb 11, 2008 4:40pm Feb 11, 2008 4:40pm
Quoting Michi
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
You're busy this week too? Oh well, gotta take care of priorities.

  • #1,403
  • Feb 11, 2008 4:45pm Feb 11, 2008 4:45pm
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.
Keep up the good work, Kujo!
  • #1,404
  • Feb 11, 2008 6:03pm Feb 11, 2008 6:03pm
Well, seems 208.9 was tough to break.
Looks like a retrace to about 207.90 area, which is the 50.0 retrace from the last move up.

South of that, I'd say S1 around 207.15

I'd be suprised about any lower, unless the news later tonight plays a part in it.
  • #1,405
  • Feb 12, 2008 1:20am Feb 12, 2008 1:20am
So far for aus's m15 strategy, no trade yet tonight... perhaps I should also learn kujo's scalping method so I can find trades between trades, something to do while waiting for aus's m15 method to confirm.
  • #1,406
  • Feb 12, 2008 2:13am Feb 12, 2008 2:13am
I'm cautious of trading GBP/JPY today - still not decided.
  • #1,407
  • Feb 12, 2008 2:55am Feb 12, 2008 2:55am
we might have a sell entrance soon with the aus m15 strategy.
  • #1,408
  • Feb 12, 2008 3:21am Feb 12, 2008 3:21am
Quoting forexmoments
I'm cautious of trading GBP/JPY today - still not decided.
That could be the wisest thing I've read tonight. I wouldn't touch cable on a bet right now.
"Timing Is Everything. Really I Swear It Is"
  • #1,409
  • Feb 12, 2008 3:24am Feb 12, 2008 3:24am
Quoting TexasforEX
That could be the wisest thing I've read tonight. I wouldn't touch cable on a bet right now.
Yea, news come out soon for GBP, we'll see what it does.
  • #1,410
  • Feb 12, 2008 3:29am Feb 12, 2008 3:29am
Quoting Nobitacu
Yea, news come out soon for GBP, we'll see what it does.
The scary and confusing facts are this.

Normally, high inflation numbers will support a currency as it will force the CB to raise rates. HOWEVER with poor growth it can lead to the dreaded stagflation. How/When the market will recognize this and then react to it is a big wildcard.
"Timing Is Everything. Really I Swear It Is"
  • #1,411
  • Feb 12, 2008 3:57am Feb 12, 2008 3:57am
Well, after this H1 candle closes, all would be confirmed. Since I'm trading demo right now, I'll enter a sell and see what happens after this H1 candle closes. Trying to test this strategy out in as many situations as possible.
  • #1,412
  • Feb 12, 2008 5:16am Feb 12, 2008 5:16am
Quoting Pips_Cruiser
You're busy this week too? Oh well, gotta take care of priorities.

Yes, interviews to prepare as well as projects to hand in... I'll be back on thursday...

I'm short at 208.39, TP 100 pips lower...
  • #1,413
  • Feb 12, 2008 6:44am Feb 12, 2008 6:44am
P_C

Thank you for your charts setups.
  • #1,414
  • Feb 12, 2008 7:05am Feb 12, 2008 7:05am
Hi, did you take long 15m signal ,now we are above daily 5sma ,but 3h before were below.On 1h chart there is pin bar,I am very confused.
  • #1,415
  • Feb 12, 2008 9:29am Feb 12, 2008 9:29am
This is not a pin and the price was above 100 sma
go go go
  • #1,416
  • Feb 12, 2008 10:27am Feb 12, 2008 10:27am
Hey people! Do you think it will go long past the daily R2 Level? Or will it turn? My guess is it will turn back down. Looks like the body is closing on R2 line on 30m chart right now. We'll wait and see.
  • #1,417
  • Feb 12, 2008 11:06am Feb 12, 2008 11:06am
i think it's consolodate in weekly chart (flag)then will fall down very hard that will blow the longs
i think so
  • #1,418
  • Feb 12, 2008 11:19am Feb 12, 2008 11:19am
Well boys and girls...... how are things ?

Holy Dow Rally Batman.......

Seems we slowed, stopped and turned around here.
Got a 15M close below R3 and we should start the fall back down to normal it'd seem. (if she continues south)

15M Stoch crossed over and QQE is pushing that way.

If R3 holds up, we can ride her down a ways for some nice pips, I'd bet.

Going to go do a little research and I'll check back in, in a bit.

This is the problem about being in the PST, when stuff starts to go crazy early in NY.......

kj
  • #1,419
  • Feb 12, 2008 11:23am Feb 12, 2008 11:23am
I went short on 210.59, 4 pips profit at the time of writing
  • #1,420
  • Feb 12, 2008 11:28am Feb 12, 2008 11:28am
I think our Trusty 50.0 retrace has started.
But, I think it'll get closer to the DP of around 208.11

50.0 retrace: 209.38 area.
61.8 retrace: 209.00 area.

Short from 210.60 here.
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