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GBP/JPY for QQE Traders!

  • #1,481
  • Feb 14, 2008 11:45am Feb 14, 2008 11:45am
Quoting Nobitacu
Could someone please post the NY Session Daily Pivot from VT platform please? I would like to make sure my values for this session is correct. I know for sure that my Tokyo and London session values are correct, just need to make sure it's correct for NY session as well.

My NY Session Daily Pivot is @212.55 using IBFX MT4

Thanks
Mine are in line with yours, Nobitacu. It uses the 24 hours just prior to NY session for it's calc (starting time 08:00EST). The pivot Ash posted is the "standard" daily pivot. It uses a 24 hour period leading up to 17:00EST yesterday, and ignores everything after that. That's why the numbers are so low. It's the same within a few pips, of what's posted on ActionForex, since they also use 17:00EST as their starting time.
Attached Image
  • #1,482
  • Feb 14, 2008 11:56am Feb 14, 2008 11:56am
Quoting Ash
I have 211.47.

I have NY DP @212.55 using MT4. Most of the time I compare my DP with Aus & find max. 3-5 pips difference.
1oo pips that is too much!
It’s just emotions & money
  • #1,483
  • Feb 14, 2008 12:06pm Feb 14, 2008 12:06pm
Quoting Val144
I have NY DP @212.55 using MT4. Most of the time I compare my DP with Aus & find max. 3-5 pips difference.
1oo pips that is too much!
Sorry, I was not looking at NY DP.
Humble Lifetime Member
  • #1,484
  • Feb 14, 2008 12:08pm Feb 14, 2008 12:08pm
Quoting Val144
I have NY DP @212.55 using MT4. Most of the time I compare my DP with Aus & find max. 3-5 pips difference.
1oo pips that is too much!
If you experiment around and try a starting time of "17", you'll get comparable numbers. After 17:00EST today, his numbers will be more in line with ours because he'll start picking up recent data again.
  • #1,485
  • Feb 14, 2008 12:17pm Feb 14, 2008 12:17pm
Quoting Ash
Sorry, I was not looking at NY DP.
That's OK mine is 211.49

I use DP @17EST 0GMT , Tokyo, London & NY
It’s just emotions & money
  • #1,486
  • Feb 14, 2008 12:18pm Feb 14, 2008 12:18pm
Thanks for the Pivot values Pips_Cruiser, now I'm 100% sure my settings for all three sessions are correct and can safely use it to trade in each session. ^^

I entered 2 sell trades this morning for NY session based on 2 different Twin Brother strategies, one entered @213.17 and has hit my TP of +60, the other entered @212.93 looks like it'll hit soon as well, so far at +50 floating.

So far for today:

London: Buy @212.77, Closed +82 pips (traded using Aus's new main M15 strategy, hit TP R1)
NY: First Sell Closed +60, Second Sell Open floating +50 (TP is also at 60).

Total pips so far closed for today's session: +142 pips


Looks to be another good day for me.
  • #1,487
  • Feb 14, 2008 12:18pm Feb 14, 2008 12:18pm
Quoting Val144
That's OK mine is 211.49
Humble Lifetime Member
  • #1,488
  • Feb 14, 2008 12:28pm Feb 14, 2008 12:28pm
Quoting Nobitacu
Thanks for the Pivot values, now I'm 100% sure my settings for all three sessions are correct and can safely use it to trade in each session. ^^

I entered 2 sell trades this morning for NY session based on 2 different Twin Brother strategies, one entered @213.17 and has hit my TP of +60, the other entered @212.93 looks like it'll hit soon as well, so far at +50 floating.

So far for today:

London: Buy @212.77, Closed +82 pips (traded using Aus's new main M15 strategy, hit TP R1)
NY: Sell Closed +60, Sell Open floating +50 (TP is also at 60).

Looks to be another good day for me.
Good! Glad to see some people still come here to learn how to trade, and not just for other people's trade calls. You'll do well!

  • #1,489
  • Feb 14, 2008 12:32pm Feb 14, 2008 12:32pm
Here is my Daily chart outlook.

Very bearish candle here today.
The previous move up, red Fib set, has a 50 fib retrace/touch 4 times before continuing on to a 61.8 retrace 4 more times.

210 or lower will be hit in the next 3-4 days for sure.
Attached Image (click to enlarge)
Click to Enlarge Name: DailyFibs.jpg Size: 305 KB
  • #1,490
  • Feb 14, 2008 12:35pm Feb 14, 2008 12:35pm
Quoting Pips_Cruiser
Good! Glad to see some people still come here to learn how to trade, and not just for other people's trade calls. You'll do well!

Thanks Pips_Crusier! You helped me out a lot and Sith as well! ^^
  • #1,491
  • Edited 2:05pm Feb 14, 2008 1:52pm | Edited 2:05pm
This last drop helped me out, my 2nd Sell hit TP. ^^ I'm now done for today's session.

Great Great Day ^^
  • #1,492
  • Feb 14, 2008 6:35pm Feb 14, 2008 6:35pm
Good afternoon boys and girls,

Well, seems we're having this nice little 50% retrace on this last move.
Should probably hit 210.55/210.35 area around S2.

Lots of bearish pin bars on the 1H chart.
It's also just about to break below, out of the channel it's been in on the 1H.

Everything is down on the 30m, 1H and 4H.

Looking more long term lately and less scalping now that my acct can handle some decent drawdown, when it happens.

I do think we'll see the 208-209 area sometime next week.
I doubt we'll see much below that though.

I'll start loading longs in the 210 area.

I already posted a daily chart with fib and projected targets.

I'll post the 1H chart with channel once this bar closes in 26 mins.

Hope all are well.

kj
  • #1,493
  • Feb 14, 2008 6:37pm Feb 14, 2008 6:37pm
Quoting Nobitacu
This last drop helped me out, my 2nd Sell hit TP. ^^ I'm now done for today's session.

Great Great Day ^^
Congrats !!!

Once I get 210, I will also have my best week ever.
Hope to get it before NY closes tomorrow, but think things may bounce off the 210.50 area back up a bit and then another drop early next week.

Expired options will have effects on the Dow when it opens on Tuesday.
  • #1,494
  • Feb 14, 2008 6:39pm Feb 14, 2008 6:39pm
this may also help our QQE's point south a bit more to load up some ICBM Longs.......

http://news.yahoo.com/s/ap/20080214/...cession_threat
  • #1,495
  • Feb 14, 2008 7:10pm Feb 14, 2008 7:10pm
Thanks for the hints Kujo, sells are all I'm looking for right now as well, thanks for the infos. ^^ Hopefully it'll drop down below 210 for you soon and everyone else who will catch the fall down to 210. That last daily candle is a nice bear candle.
  • #1,496
  • Feb 14, 2008 7:31pm Feb 14, 2008 7:31pm
here is the 1H channel that it was running UP in.
there is also a CU shot of the channel break.

It's not closed for another 25 mins, but I'm sure it's gonna close below it and continue our slow, painfully slow, fall to 210.5 area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h channel CU.jpg Size: 289 KB
Click to Enlarge Name: 1h channel.jpg Size: 373 KB
  • #1,497
  • Edited Feb 15, 2008 12:57am Feb 14, 2008 10:47pm | Edited Feb 15, 2008 12:57am
Well, I saw a Twin Brother buy trade developed and confirmed for M15/M5, so I entered it @212.40, TP 60, SL 60, I could have got in even earlier actually @212.29, but I missed that entrance, so took the second confirmation trade instead @212.40. I wanted to try to only trade the direction trend of the QQE60 from the M15 chart to decide which side I should only trade, but I'm taking notes now and trading both ways, one with QQE60 for trend confirmation, and one without. This one is without. We'll see what happens, I'm leading towards only trading the trend direction of the QQE60 however, but yea, will keep notes to see how big of a difference it will be with and without using the QQE60 as filter. I usually don't enter trades that early, especially when GJ isn't moving anywhere right now, but just testing it out today.

BOJ Governor Fukui Speaks later too by the way. Wonder how that might affect GJ today.

Edit: Well... a little bit after I wrote this, GJ started moving upwards. ^^
Edit 2: Second Trade entered using Twin Brother H1/M15 strategy. Buy @212.93, TP Set at R1 minus spread because TP 60 would have been above the R1 line, SL 60. Entered it a bit late due to price moving too fast after QQE5 on H1 crossed up.
  • #1,498
  • Feb 15, 2008 12:05am Feb 15, 2008 12:05am
Anyone elso is seeing a Buy signal about to come....
  • #1,499
  • Feb 15, 2008 12:10am Feb 15, 2008 12:10am
Yes,long from 212,52
  • #1,500
  • Feb 15, 2008 12:23am Feb 15, 2008 12:23am
Quoting indio
Anyone elso is seeing a Buy signal about to come....
Yup...long at:
212.75
and
213.05
Life's a bitch....so be a dog and cover it!
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