Attachments: GBP/JPY for QQE Traders!

GBP/JPY for QQE Traders!

#1,861
Feb 20, 2008 6:30pm Feb 20, 2008 6:30pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting Damo12

Disliked

I am using the AUS 15 m strat. QQE60 has crossed short, QQE5 below 50, Both daily and hourly are short.

My dilemma is the LSR is still not agreeing. Because of the huge spike during the last news.

Is it advisable to wait for the LSR short signal?

Not looking for trading advice, just past experience from those that may have come up against the same issue.

regards, D

Ignored

A true 15 min strategy trade should have the LSR arrow. Looks like you'll have one if price gets to about 209.45.

#1,862
Feb 20, 2008 7:17pm Feb 20, 2008 7:17pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Looks like price is hovering around the mid-point of yesterday's high / low (209.97), and also around the Asian daily pivot (209.92). Indicators are mixed, and price has mostly just been ranging. I can see things going either or both directions today. Personally, I'm ready for some long action. But not sure if price is ready for it yet. Time will tell . . .

#1,863
Feb 20, 2008 7:59pm Feb 20, 2008 7:59pm

Damo12
| Joined Nov 2007 | Status: Trader | 166 Posts

Quoting Pips_Cruiser

Disliked

Looks like price is hovering around the mid-point of yesterday's high / low (209.97), and also around the Asian daily pivot (209.92). Indicators are mixed, and price has mostly just been ranging. I can see things going either or both directions today. Personally, I'm ready for some long action. But not sure if price is ready for it yet. Time will tell . . .

Ignored

yep you are right on the mixed signals. now the 15 min is long on all indicators but the 1H and D are still short...mmmmm

where thought goes energy flows

#1,864
Feb 20, 2008 8:03pm Feb 20, 2008 8:03pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

More Northern Rock data could put a hold on Longs tonight at London Open.

Can you say S+L scandal ?

#1,865
Feb 20, 2008 10:35pm Feb 20, 2008 10:35pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting kujo17

Disliked

More Northern Rock data could put a hold on Longs tonight at London Open.

Can you say S+L scandal ?

Ignored

Thanks for the heads up, bud!

http://www.bloomberg.com/apps/news?p...BCcEk&refer=uk

#1,866
Feb 20, 2008 11:05pm Feb 20, 2008 11:05pm

Nobitacu
| Joined Jul 2007 | Status: Just Another Trader | 836 Posts

Well, I'm still waiting for a strong confirmation of a direction to place a trade... so far this Tokyo session, I kept getting one or two things missing for me to enter, up and down only so far. I guess I'll have better chance once Europe opens follow by London...

#1,867
Feb 20, 2008 11:28pm Feb 20, 2008 11:28pm

fx_lane
| Membership Revoked | Joined Aug 2007 | 217 Posts

hey guys. did any of you have the time to look at the 4h chart? says something about a trip north. Maybe I see what I'd like it to do, do you also see that?

All the best things in life are free.

#1,868
Feb 20, 2008 11:30pm Feb 20, 2008 11:30pm

pearsonfx
| Joined Dec 2007 | Status: PearsonFX - Traders Helping Traders | 783 Posts

Quoting fx_lane

Disliked

hey guys. did any of you have the time to look at the 4h chart? says something about a trip north. Maybe I see what I'd like it to do, do you also see that?

Ignored

Overall yes...but short term I am looking at 210.35-210.50 to sell for some good pips...

The only sovereign I can allow to rule me is reason.

#1,869
Feb 20, 2008 11:53pm Feb 20, 2008 11:53pm

Nobitacu
| Joined Jul 2007 | Status: Just Another Trader | 836 Posts

I'm hoping for a Sell to confirm as well for me.

#1,870
Feb 21, 2008 12:04am Feb 21, 2008 12:04am

fx_lane
| Membership Revoked | Joined Aug 2007 | 217 Posts

Quoting Nobitacu

Disliked

I'm hoping for a Sell to confirm as well for me.

Ignored

I'm back test a higher TF strategy with a bit of qqe. let me see that twin brother strategy. give me the settings

All the best things in life are free.

#1,871
Feb 21, 2008 12:28am Feb 21, 2008 12:28am

Nobitacu
| Joined Jul 2007 | Status: Just Another Trader | 836 Posts

Quoting fx_lane

Disliked

I'm back test a higher TF strategy with a bit of qqe. let me see that twin brother strategy. give me the settings

Ignored

It's actually posted on the first post of this thread by Sith for the H1/M15 Twin Brother Strategy.

Now, once you have that setup, use the same rules, but apply that to the M15/M5 charts, and trade off that setup. Sith and I are testing yet another different way to trade the M15/M5, however, settings is his, so it'll have to be his decision if it's ok to share this one with others. But I would suggest to trade the M15/M5 Twin Brother first and get used to that first.

#1,872
Feb 21, 2008 12:34am Feb 21, 2008 12:34am

fatih_sby
| Joined Oct 2006 | Status: Trader | 11 Posts

Quoting pearsonfx

Disliked

Overall yes...but short term I am looking at 210.35-210.50 to sell for some good pips...

Ignored

hi pearsonfx do now the up for selling and how much is tp.

#1,873
Edited 1:07am Feb 21, 2008 12:46am | Edited 1:07am

Nobitacu
| Joined Jul 2007 | Status: Just Another Trader | 836 Posts

Finally got my confirmation for my Sell.

Let's see what happens from here...

Edit: Retraced back up after I entered. lol. I'll pray for a down then soon. ^^"

#1,874
Feb 21, 2008 1:24am Feb 21, 2008 1:24am

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting Nobitacu

Disliked

Finally got my confirmation for my Sell. Let's see what happens from here...

Edit: Retraced back up after I entered. lol. I'll pray for a down then soon. ^^"

Ignored

I like the way the higher time frames are starting to shape up. An unconfirmed bullish 4H QQE5 and a bullish 1H QQE5. Plus all the M15 QQE's are bullish. Price is also above the Gann on M15, 1H, and 4H.

Priced bounced off the 1H 100sma on the first run up. I show the 1H 200ema just above it. We might see another attempt at breaking through these.

#1,875
Feb 21, 2008 1:26am Feb 21, 2008 1:26am