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GBP/JPY for QQE Traders!

  • #1,741
  • Feb 19, 2008 7:09pm Feb 19, 2008 7:09pm
Quoting kujo17
Look back a ways on the 15M charts
210.8 was STRONG Support, now Resistance.

Patience...... let her come down and go long at the bottom.

We'll be begining our longer term UP trend around the bottom here.

208-209ish.
Kujo....I couldn't agree with you more....
The only sovereign I can allow to rule me is reason.
  • #1,742
  • Feb 19, 2008 7:36pm Feb 19, 2008 7:36pm
Quoting ultimate
Pips_Cruiser, she is on a rampage ... somebody in Japan must have farted. What is your R1 at?

211.26?
That's where mine is!
  • #1,743
  • Feb 19, 2008 8:03pm Feb 19, 2008 8:03pm
Quoting pearsonfx
Kujo....I couldn't agree with you more....
Yup, this time I want to get in on the action too with the long from 208-209ish. ^^ So come on... down GJ down! So that we could once again go Long GJ Long! hehe.
  • #1,744
  • Edited 8:20pm Feb 19, 2008 8:08pm | Edited 8:20pm
Quoting Nobitacu
Holy cow, did anyone caught that Twin Brother M15/M5 buy confirmation 50 minutes ago??? I missed it...
Looks like that would have worked out. I'm loaded down with "old" longs already, so haven't been looking for anything new. I'm a little skeptical about anything besides scalps right now. I suspect we might be in for price swings until the news is over, and this upswing was temporary. But anything's possible . . .
  • #1,745
  • Feb 19, 2008 8:22pm Feb 19, 2008 8:22pm
Quoting Pips_Cruiser
Looks like that would have worked out. I'm loaded down with "old" longs already, so haven't been looking for anything new. I'm a little skeptical about anything besides scalps right now. I suspect we might be in for price swings until the news is over, and this upswing was temporary. But anything's possible . . .
Yea, now I'm waiting for price to retrace back down to the 50% area on H1, then get ready for a buy confirmation to ride it upwards again. I'm hoping it'll get there by London. ^^"
  • #1,746
  • Feb 19, 2008 8:29pm Feb 19, 2008 8:29pm
Quoting Sith Lord
I have found in the last month that 5min charts are an excellent time frame to enter trades. If you follow Aus 15min strategy (using the stop reverse system for arrow trigger) it gets you in at a pretty good entry price. An arrow trigger plus a QQE5 cross in the arrow direction is a pretty good bet for good scalps.

Just wait for a dot (QQE5 cross) and an arrow (stop reverse line). Do your own testing.
Thanks Sith. I'll have to give this a try.
  • #1,747
  • Feb 19, 2008 8:36pm Feb 19, 2008 8:36pm
Quoting Nobitacu
Yea, now I'm waiting for price to retrace back down to the 50% area on H1, then get ready for a buy confirmation to ride it upwards again. I'm hoping it'll get there by London. ^^"
Patience.......

You'll get better than a 50% retrace of the last move up.
That'll only put you around the DP.

We'll probably see S1 again tonight via Frankfurt/London

Buy around 208.8/209.2 areas.

Triple Swap tomorrow.........

We'll ride that to the 4H 200ema and if she passes it, up to 214.
  • #1,748
  • Feb 19, 2008 8:37pm Feb 19, 2008 8:37pm
Quoting Sith Lord
I have found in the last month that 5min charts are an excellent time frame to enter trades. If you follow Aus 15min strategy (using the stop reverse system for arrow trigger) it gets you in at a pretty good entry price. An arrow trigger plus a QQE5 cross in the arrow direction is a pretty good bet for good scalps.

Just wait for a dot (QQE5 cross) and an arrow (stop reverse line). Do your own testing.

Sith hi,
Wondering what the purple and green qqe's are in your pic insert. I am assuming oneof them is the qqe5.
thanks,

regards, D
where thought goes energy flows
  • #1,749
  • Feb 19, 2008 8:49pm Feb 19, 2008 8:49pm
Thanks Kujo, hehe, I've learned early to always listen when you speak. I'll be very very patient. ^^ Come on 208.97!!! (S1) muhahaha.

Quoting kujo17
Patience.......

You'll get better than a 50% retrace of the last move up.
That'll only put you around the DP.

We'll probably see S1 again tonight via Frankfurt/London

Buy around 208.8/209.2 areas.

Triple Swap tomorrow.........

We'll ride that to the 4H 200ema and if she passes it, up to 214.
  • #1,750
  • Feb 19, 2008 8:56pm Feb 19, 2008 8:56pm
She's just creeping back to the DP now.
I do think she'll be pushed down some more.

209.85 is very strong S/R area, so that might be tough to crack.

Just have to wait and see.

I think a mid 209's could happen again.

Just trade what the indicators tell you.
  • #1,751
  • Feb 19, 2008 8:56pm Feb 19, 2008 8:56pm
Hi Damo12 ...the attached 5M chart should help out. I've labelled the indicators on the right. I've been testing some stuff with Nobitacu on the side (Nobi is doing demo trades for me to test out my scalp twins strategy which includes 15M & 5M..so thanks buddy).

Here is the latest 5M only chart scalps for shorts:

1. Price below 5sma (green line). Must get DOT trigger
2. QQE1 cross down (green line)
3. Stochastics must be in overbought area and turning down

For conservative scalpers - you can wait for GannHiLo (brown line) and / or stop reverse indicator to be broken.

I've just scalped out another 50 pips. Some of this is just a rehash of KJ's scalper (so thanks bud)


Quoting Damo12
Sith hi,
Wondering what the purple and green qqe's are in your pic insert. I am assuming oneof them is the qqe5.
thanks,

regards, D
Attached Image
  • #1,752
  • Feb 19, 2008 8:59pm Feb 19, 2008 8:59pm
damn it, no one's charts are coming up for me.
What's the deal ? anyone else having this issue.

The last 2 15M bars were hits on the 61.8 fib retrace of that last little move up.

So, we need a close below 210.20 to keep her going south.
Last 4 15M bars have ranged between the 38.2 and 61.8 fibs on that last move up (209.75 to 210.90ish)
  • #1,753
  • Feb 19, 2008 9:09pm Feb 19, 2008 9:09pm
Quoting Sith Lord
Hi Damo12 ...the attached 5M chart should help out. I've labelled the indicators on the right. I've been testing some stuff with Nobitacu on the side (Nobi is doing demo trades for me to test out my scalp twins strategy which includes 15M & 5M..so thanks buddy).

Here is the latest 5M only chart scalps for shorts:

1. Price below 5sma (green line). Must get DOT trigger
2. QQE1 cross down (green line)
3. Stochastics must be in overbought area and turning down

For conservative scalpers - you can wait for GannHiLo (brown line) and / or stop reverse indicator to be broken.

I've just scalped out another 50 pips. Some of this is just a rehash of KJ's scalper (so thanks bud)
Nice, another very simple method to test trade with, this time, by only using one chart, M5. You never fail to intrigue me Sith.
  • #1,754
  • Feb 19, 2008 9:11pm Feb 19, 2008 9:11pm
Quoting kujo17
damn it, no one's charts are coming up for me.
What's the deal ? anyone else having this issue.

The last 2 15M bars were hits on the 61.8 fib retrace of that last little move up.

So, we need a close below 210.20 to keep her going south.
Last 4 15M bars have ranged between the 38.2 and 61.8 fibs on that last move up (209.75 to 210.90ish)
Yea... it's being tough right now to go down further. Hopefully it'll break below it soon.
  • #1,755
  • Feb 19, 2008 9:14pm Feb 19, 2008 9:14pm
Quoting Nobitacu
Yea... it's being tough right now to go down further. Hopefully it'll break below it soon.
Give it time.....you cannot rush the market.....it will go down, just give it time and be patient.....the pips will come naturally that way
The only sovereign I can allow to rule me is reason.
  • #1,756
  • Feb 19, 2008 9:17pm Feb 19, 2008 9:17pm
Quoting pearsonfx
Give it time.....you cannot rush the market.....it will go down, just give it time and be patient.....the pips will come naturally that way
  • #1,757
  • Feb 19, 2008 9:18pm Feb 19, 2008 9:18pm
Quoting kujo17
She's just creeping back to the DP now.
I do think she'll be pushed down some more.

209.85 is very strong S/R area, so that might be tough to crack.

Just have to wait and see.

I think a mid 209's could happen again.

Just trade what the indicators tell you.
hey kujo thanks. I was long from 209.33 and 209.82 - 210.74 and the 209.33 I left it open incase I woke up and found it going up strongly. but it wasn't znd I didn't to risk did it yesyerday not today. so I cashed in .33 at .25 will now wait to see what happens. thank you some much kujo. sith good job from you. let me re-visit kujo's fib tutorial again
All the best things in life are free.
  • #1,758
  • Feb 19, 2008 9:29pm Feb 19, 2008 9:29pm
Just dropped below the 50% now is this the beggining of the drop down??? time will tell..lol
  • #1,759
  • Feb 19, 2008 9:30pm Feb 19, 2008 9:30pm
here we go Nobi...... a nice close below 210.2 and we should be good to go.
A close below DP and 209.8 and we'll get 209 again.

Get ready to load em up boys.......

Big LOTs and 3xSwap Weds....
  • #1,760
  • Feb 19, 2008 9:32pm Feb 19, 2008 9:32pm
Quoting kujo17
here we go Nobi...... a nice close below 210.2 and we should be good to go.
A close below DP and 209.8 and we'll get 209 again.

Get ready to load em up boys.......

Big LOTs and 3xSwap Weds....
Sounds good to me! ^^
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