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GBP/JPY for QQE Traders!

  • #1,441
  • Feb 13, 2008 5:50am Feb 13, 2008 5:50am
mate...you have a forex addiction ! go to bed and turn on the t.v when you son gets up.....always does the trick ! ha.

Quoting kujo17
3:44am....... you think I can tell a 19 month old he has to sleep in ? ;-)
  • #1,442
  • Feb 13, 2008 6:04am Feb 13, 2008 6:04am
Quoting kujo17
Simon,

210.40 is the retracement area for this one.

Lets see if it's hit.
I'd rather it blown right through though......

down to like 209.00 !!!!!

Pretty please....... with sugar on top......

2 weeks of 10% / day hit....... to be ruined here.....

Oh well, start a new streak if it's broken.
Don't you think we'll get to 212 before 209?
  • #1,443
  • Feb 13, 2008 7:41am Feb 13, 2008 7:41am
Quoting marcb
Don't you think we'll get to 212 before 209?
209 was only his wish because he has a short position.
  • #1,444
  • Feb 13, 2008 7:49am Feb 13, 2008 7:49am
If you are not in on the ride up that began at 5 am est you are wrong. It seems we have been getting some nice signals approaching the NY session for the last few days.


The Beggar
  • #1,445
  • Feb 13, 2008 8:36am Feb 13, 2008 8:36am
Quoting beggar
If you are not in on the ride up that began at 5 am est you are wrong. It seems we have been getting some nice signals approaching the NY session for the last few days.


The Beggar
I am long until 214
  • #1,446
  • Feb 13, 2008 8:45am Feb 13, 2008 8:45am
Quoting marcb
I am long until 214
The futures seem to be given back some of it's gain already. GY may follow. Might be time to book some profits now and wait and see if the futures head back north.

The Beggar
  • #1,447
  • Feb 13, 2008 9:15am Feb 13, 2008 9:15am
I actually entered Twin Brother last night Buy @211.35 when H1 QQE5 crosses same direction as 15M QQE5, and everything else also confirmed the trade, entered with TP 75 since MoM was over 0.00 line on H1 with SL @70, and it hit TP +75 this morning. ^^

The Aus's 15M strategy Buy was entered last night as well for me, it triggered the Buy @210.28, TP 120 pips, SL 60, TS 60. I'm testing out Aus's new 15M strategy, but I think from now on if I see the Resistance/Support line a little before the 120 TP, I'll take the Resistance/Support TP, and if 120 TP happens before those line, then I'll take the 120 TP. It came back and hit my TS which had PP up to +56 last night after it missed the 120 TP by 6 pips because of the R1 line. but it's still a win, so I'll take it any day of the week.

Total pip gain of 131 pips last night, can't complain. ^^
  • #1,448
  • Feb 13, 2008 12:43pm Feb 13, 2008 12:43pm
Morning all.

Monthly Pivot at 212.62 is proving to be strong S?R area.

IT's also the 161.8 fib extension from the last push upwards.

15M's been rejected here 7 times.
30M 5 times
1H 3 times.

Good sign the Bulls have lost their momentum for a touch.

If she's rejected, as she looks to be, QQE on the 15 is starting to cross.
Stoch is dropping and ready to go below with a few more pips south.

A nice close with QQE/ZL crossed up should prove we're doing down a touch.

a 50.0 retrace of this move up, would be 211.00
a 61.8 retrace of this move up, would be 210.60
a 50.0 retrace of the original move would be 210.17 area

Booked some really good Long profits, but still sitting on these hedges from 209 area. Even clearing the decks, I'll be at almost 10%, but if she drops to the DP, it'll be a good week.

Would love a drop to the DP today.
I think it's possible, as we've been in an Up, Sideways, Up move, with no significant retrace before our move up.
If this is a move down, to pick up buyers for Triple Interest Weds, that'd be great.

But, trade what the charts tell us.
  • #1,449
  • Feb 13, 2008 1:14pm Feb 13, 2008 1:14pm
Quoting kujo17
Morning all.

Monthly Pivot at 212.62 is proving to be strong S?R area.

IT's also the 161.8 fib extension from the last push upwards.

15M's been rejected here 7 times.
30M 5 times
1H 3 times.

Good sign the Bulls have lost their momentum for a touch.

If she's rejected, as she looks to be, QQE on the 15 is starting to cross.
Stoch is dropping and ready to go below with a few more pips south.

A nice close with QQE/ZL crossed up should prove we're doing down a touch.

a 50.0 retrace of this move up, would be 211.00
a 61.8 retrace of this move up, would be 210.60
a 50.0 retrace of the original move would be 210.17 area

Booked some really good Long profits, but still sitting on these hedges from 209 area. Even clearing the decks, I'll be at almost 10%, but if she drops to the DP, it'll be a good week.

Would love a drop to the DP today.
I think it's possible, as we've been in an Up, Sideways, Up move, with no significant retrace before our move up.
If this is a move down, to pick up buyers for Triple Interest Weds, that'd be great.

But, trade what the charts tell us.
I would not go against the trend but would let my long go
  • #1,450
  • Feb 13, 2008 1:51pm Feb 13, 2008 1:51pm
Quoting kujo17
Morning all.

Monthly Pivot at 212.62 is proving to be strong S?R area.

IT's also the 161.8 fib extension from the last push upwards.

15M's been rejected here 7 times.
30M 5 times
1H 3 times.

Good sign the Bulls have lost their momentum for a touch.

If she's rejected, as she looks to be, QQE on the 15 is starting to cross.
Stoch is dropping and ready to go below with a few more pips south.

A nice close with QQE/ZL crossed up should prove we're doing down a touch.

a 50.0 retrace of this move up, would be 211.00
a 61.8 retrace of this move up, would be 210.60
a 50.0 retrace of the original move would be 210.17 area

Booked some really good Long profits, but still sitting on these hedges from 209 area. Even clearing the decks, I'll be at almost 10%, but if she drops to the DP, it'll be a good week.

Would love a drop to the DP today.
I think it's possible, as we've been in an Up, Sideways, Up move, with no significant retrace before our move up.
If this is a move down, to pick up buyers for Triple Interest Weds, that'd be great.

But, trade what the charts tell us.
Hello Kujo,

Do You use VT trader for Your strategies?
Why am I asking is that my QQE5 on 15M chart already crossed when it bounced to 211,85. Since that is still crossed.
I also would like toask if You placed this morning orders buy as well sell, because You said that You made some profits in log positions. But still waiting for 209.00 area. I do wait as well.
Thanks for answer.
  • #1,451
  • Feb 13, 2008 3:16pm Feb 13, 2008 3:16pm
I was long from 209 to 212.75

In a holding pattern to go short. waiting for my signals to turn.

Also, Bush signed the stimulus package a few hours ago.

This will hopefuly strengthen the dollar vs. gbp/yen and maybe some profit taking on the Dow, pushing this pair down a bit.

I'm thinking DP is possible again.
But, trade what you see.

My shorts were hedged and I've made enough profit to clear the decks and pull my 10% at this point.

Getting down to the DP is just gravy for me and a 'wish', as I said.

BUT, things could end up working in my/our favor, allowing us to load up some more longs in the 209 area.

We will certainly see 217 next week.

kj
  • #1,452
  • Feb 13, 2008 3:44pm Feb 13, 2008 3:44pm
It's options expiration week which partly explains the rally in US stock indices. The last Monday after options expiration week saw the Dow fall 300 points so don't hold your breath for 217.
  • #1,453
  • Feb 13, 2008 3:48pm Feb 13, 2008 3:48pm
Kujo is your Daily pivot around 209.69 area just to confirm. My platform is all screwd up
  • #1,454
  • Feb 13, 2008 3:51pm Feb 13, 2008 3:51pm
Quoting vinesh2
Kujo is your Daily pivot around 209.69 area just to confirm. My platform is all screwd up
Mine's at 209.72 so you're good.
  • #1,455
  • Feb 13, 2008 4:04pm Feb 13, 2008 4:04pm
New DP is 211.60. There has been a strong tendency for price to touch the DP in the Asian or early European session recently.
  • #1,456
  • Feb 13, 2008 4:04pm Feb 13, 2008 4:04pm
Kujo Weekley R1 aat 212 also FIB level at 212 area. Its going to be hard to get down from there but who knows usualy in Asia session this thing has the habit of retracing down to 50 FIB
  • #1,457
  • Feb 13, 2008 4:10pm Feb 13, 2008 4:10pm
Quoting notouch
It's options expiration week which partly explains the rally in US stock indices. The last Monday after options expiration week saw the Dow fall 300 points so don't hold your breath for 217.
Down if fine with me too NoTouch.

I'll trade it either way.

With the daily uptrend, 217-222 is next upside retrace from 251-204 drop.

Thanks for the insight on the Options expire.

206 would just as good !!!! ;-)
  • #1,458
  • Feb 13, 2008 4:15pm Feb 13, 2008 4:15pm
Quoting vinesh2
Kujo is your Daily pivot around 209.69 area just to confirm. My platform is all screwd up
yes, V 209.69 is DP.

211.60 is R1, not much S/R there other than it being R1.

212.0 is a fib and strong S/R, so we get beneath that, we'll go south.

210.65 is the next strong S/R level.

Beneath that, we'll see DP for sure.

Now, as I pointed out, we may get profit taking on the Dow due to Stimulus package. We may not.

and, now that NoTouch explained the options expiration situation.......
We'll jsut have too see.

Bottom line, these are just projections and ideas where price will go.

I trade what's on the charts in front of me.

Once I clean up these shorts from 209 that Mr Buffet screwed me on.
(they were 150 pips in profit and I went to bed thinking it'd hit my TP at 206.5..... didn't set a protective stop and screwed myself.... my fault.)

I could have my best week.... one of the most stressful, but if I clean the decks on these, it WILL be a record week for me.

Lets hope the Dow dumps, Options Expiration and dollar strenghtening pulls us down, to load up some longs.

Trade what you see.....
  • #1,459
  • Feb 13, 2008 5:43pm Feb 13, 2008 5:43pm
Don't forget boys and girls off the QQE, we have news in 8 mins.

If the JPY GDP is as planned, not much.

If differs either way, we'll have some movement.

21:50 GMT
  • #1,460
  • Feb 13, 2008 11:41pm Feb 13, 2008 11:41pm
any update mate?
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