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GBP/JPY for QQE Traders!

  • #1,921
  • Feb 24, 2008 2:59pm Feb 24, 2008 2:59pm
Been trading recently with Higher TFs.

With the weeks of consolidation on the GJ, I have also been scalping a bit as well.

Here are some higher TF charts.

On the Daily fib chart:
We have already seen a 61.8 fib retrace from the last move up.
Thursdays bar closed a tab bearish/neutral.
Friday close a tad bullish.

I do think the over all momentum here is UP, but I do feel that we could see as low as 209.7 or 209.32 again before moving up to 212 area and beyond.

4H TL chart shows that Friday closed under two of the upper TLs and the 211.21 Resistance area.
This could hold us a down a touch longer or we could just blow through on open.

This is what I'll be watching, with a 1H or 4H close above 211.21 and I'll be long at that point.

Either way, we will see a break out if not today, tomorrow as the Daily chart has been pushing itself into this wedge for days.

The upper TL on the daily is a LONG term TL, that has been holding, hence my skepticism for Long until that is smashed.

I DO think we are entering our LONG term up trend, but think we could have another day or so, of confusion.

Trade smart.

kj
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dailyFibs.jpg Size: 204 KB
Click to Enlarge Name: dailyTFsCU.jpg Size: 227 KB
Click to Enlarge Name: dailyTLs.jpg Size: 226 KB
  • #1,922
  • Feb 24, 2008 3:08pm Feb 24, 2008 3:08pm
Kurt, can you elaborate on your scalping techniques, plz?
Be like a postage stamp. Stick to one thing until you get there.
  • #1,923
  • Feb 24, 2008 4:18pm Feb 24, 2008 4:18pm
well documented on the first page of the thread.

I now use Fibs with it as well to base TPs on, which I did post a Fib 'tutorial' of sorts, somewhere within the thread as well.

kj
  • #1,924
  • Feb 24, 2008 5:55pm Feb 24, 2008 5:55pm
Kujo17 goodmorning/evening.
Are you aware of any setting changes for the MT4 LSR ver 1 if using on the 5M TF. I still have the ATR period/ Multiplier (28 / 2.75) settings as per the 15M time frame.

Regards, D.
where thought goes energy flows
  • #1,925
  • Feb 24, 2008 8:52pm Feb 24, 2008 8:52pm
Quoting Damo12
Kujo17 goodmorning/evening.
Are you aware of any setting changes for the MT4 LSR ver 1 if using on the 5M TF. I still have the ATR period/ Multiplier (28 / 2.75) settings as per the 15M time frame.

Regards, D.
Hey D,

I don't use LSR at all.
I mainly use Fibs, RSI, CCI, QQE and ZL Stoch.

Mostly Fibs and RSI on smaller TFs and Stoch and QQE on longer TF.

Sorry, I don't know the answer to the LSR question D.

kj
  • #1,926
  • Feb 24, 2008 9:06pm Feb 24, 2008 9:06pm
Quoting kujo17
Hey D,

I don't use LSR at all.
I mainly use Fibs, RSI, CCI, QQE and ZL Stoch.

Mostly Fibs and RSI on smaller TFs and Stoch and QQE on longer TF.

Sorry, I don't know the answer to the LSR question D.

kj
Thanks KJ, appreciate your response.

D.
where thought goes energy flows
  • #1,927
  • Feb 24, 2008 11:32pm Feb 24, 2008 11:32pm
Just got back in front of the computer..... WOW.... Zzzzzzzzzzzz

No analysis....... No movement..... damn......
  • #1,928
  • Edited Feb 25, 2008 3:00am Feb 24, 2008 11:50pm | Edited Feb 25, 2008 3:00am
Quoting kujo17
Just got back in front of the computer..... WOW.... Zzzzzzzzzzzz

No analysis....... No movement..... damn......
Yup... I've been watching since Tokyo opened too, very slow... typical Mondays... Hopefully it'll start picking up as we get closer and closer to London.

Edit: Still slow with nothing much happening... Zzzzzz..... Mondays....
  • #1,929
  • Feb 25, 2008 3:58am Feb 25, 2008 3:58am
Quoting Nobitacu
Yup... I've been watching since Tokyo opened too, very slow... typical Mondays... Hopefully it'll start picking up as we get closer and closer to London.

Edit: Still slow with nothing much happening... Zzzzzz..... Mondays....
thinks are moving.... trend up finally start? hope so.
15 min long signal since 4:45, go go go
  • #1,930
  • Feb 25, 2008 5:18am Feb 25, 2008 5:18am
I entered long @211.00, 8:01 gmt. My TP has been hit, so off to bed I go... Nite everyone...
  • #1,931
  • Feb 25, 2008 7:27am Feb 25, 2008 7:27am
I made 99 pips from 211 to 211.99.
Before that I lost 31 or pips on a short, from 210.69 to 211.
  • #1,932
  • Feb 25, 2008 8:56am Feb 25, 2008 8:56am
any though mate.. seem to me bear position ....:
  • #1,933
  • Feb 25, 2008 10:13am Feb 25, 2008 10:13am
On Auslanco's webpage, not blog, he talks about the daily momentum strategy and describes:" When the 1c momentum is pointing up(45 degrees or less at the start of the daily bar ) and the daily bar starts above the 5sma close.. it's a guaranteed bullish day. You can just buy at the start of the daily bar and close your position at the end of the daily bar." What is the 1c and what period does he give to the momentum indicator?

Thanks

P.S. if my question was answered on this thread I apologize...I didn't see it!
  • #1,934
  • Feb 25, 2008 10:30am Feb 25, 2008 10:30am
put momentum period 1 instead of default value that will be momentum 1c. Aus uses 3momentums 14c, 10c and 1c. i hope it is clear.
Quoting criss73
On Auslanco's webpage, not blog, he talks about the daily momentum strategy and describes:" When the 1c momentum is pointing up(45 degrees or less at the start of the daily bar ) and the daily bar starts above the 5sma close.. it's a guaranteed bullish day. You can just buy at the start of the daily bar and close your position at the end of the daily bar." What is the 1c and what period does he give to the momentum indicator?

Thanks

P.S. if my question was answered on this thread I apologize...I didn't see it!
  • #1,935
  • Feb 25, 2008 11:23am Feb 25, 2008 11:23am
Quoting kenneith
put momentum period 1 instead of default value that will be momentum 1c. Aus uses 3momentums 14c, 10c and 1c. i hope it is clear.
Yes Kenneith, thank you. And do you know where he talks about how he uses the 14c, 10c, and 1c all together?
  • #1,936
  • Feb 25, 2008 11:31am Feb 25, 2008 11:31am
ok he use them on 1hr, 4hr, daily and weekly tf. just check the angle of these momentums at the opening of new candle on these tf whether it is pointing up or down or flat. there is a thread on this topic you will find all the info over there and if you dont understand please feel free to ask.
Quoting criss73
Yes Kenneith, thank you. And do you know where he talks about how he uses the 14c, 10c, and 1c all together?
  • #1,937
  • Feb 25, 2008 12:05pm Feb 25, 2008 12:05pm
Quoting kenneith
ok he use them on 1hr, 4hr, daily and weekly tf. just check the angle of these momentums at the opening of new candle on these tf whether it is pointing up or down or flat. there is a thread on this topic you will find all the info over there and if you dont understand please feel free to ask.
Again Kenneith, thanks...can you tell me where the threads is that they talk about it?
  • #1,938
  • Feb 25, 2008 12:13pm Feb 25, 2008 12:13pm
if you go on journal factory there you will find 'Daily/Intraday momentum analysis by Auslanco.
Quoting criss73
Again Kenneith, thanks...can you tell me where the threads is that they talk about it?
  • #1,939
  • Feb 25, 2008 4:25pm Feb 25, 2008 4:25pm
Hey people seems like we have a downtrend. QQE is bearish on 30m now.
Heiken ashi got red candle on 1h.
I'm waiting for my new strategy to confirm though. I think I'll write a new thread about it somewhere, it includes QQE of course

EDIT: I also expect a downtrend for a while after the big bull move today. But probably bears will make their move tomorrow? I can't stay up all night anyway (europe here).
EDIT2: Not a big bear move though, maybe 50-100 pips?
  • #1,940
  • Feb 25, 2008 5:35pm Feb 25, 2008 5:35pm
Either way, I'll try to catch it.
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