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GBP/JPY for QQE Traders!

  • #1,981
  • Feb 28, 2008 12:43pm Feb 28, 2008 12:43pm
We're almost there.
At this point, 208 is very reasonable if she doesn't slow.

1H TL in this post is about to be broken down.
Next stop 209.3 and then 208.9 and then 208 area.......

I will then wait for full 4H reversal before going long.

http://forexfactory.com/showpost.php...ostcount=63955
  • #1,982
  • Feb 29, 2008 1:41am Feb 29, 2008 1:41am
Well, I don't trade Fridays anymore, so good luck everyone who's trading today. I'll see you all next week.
  • #1,983
  • Feb 29, 2008 1:45am Feb 29, 2008 1:45am
I know everyone's preaching for a 'tankin', but I think we may have found our temp bottom before our next 213.85 retest, or at least a 50/61.8 retrace.

Here is a 4H chart, with TLs.

Price is sitting on the horizontal TL for 2 4H bars.
Even with a break/breach of this Horizontal, it'll then have to break the lower TL from back in January.

1H has had 8 bars fluttering above the 207.9 area, at the 0.0 fib.

I know 4H QQE is down, and Daily is down now as well, but I think this area's gonna be a tough nut to crack and a 50.0 fib retrace would bring her right back up to the 100SMA.

RSI is also hitting 30 line at Oversold.
Last time she did that on the 4H it turn around and brought us 400 pips up.

Just a thought.

kj
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  • #1,984
  • Feb 29, 2008 2:52am Feb 29, 2008 2:52am
Quoting kujo17
I know everyone's preaching for a 'tankin', but I think we may have found our temp bottom before our next 213.85 retest, or at least a 50/61.8 retrace.

Here is a 4H chart, with TLs.

Price is sitting on the horizontal TL for 2 4H bars.
Even with a break/breach of this Horizontal, it'll then have to break the lower TL from back in January.

1H has had 8 bars fluttering above the 207.9 area, at the 0.0 fib.

I know 4H QQE is down, and Daily is down now as well, but I think this area's gonna be a tough nut to crack and a 50.0 fib retrace would bring her right back up to the 100SMA.

RSI is also hitting 30 line at Oversold.
Last time she did that on the 4H it turn around and brought us 400 pips up.

Just a thought.

kj
207.25 and gong own.
May be it will go in area 206.9x and then bounce up.
News coming out at 4.30 may be it give an excuse for he bounce
  • #1,985
  • Feb 29, 2008 4:11am Feb 29, 2008 4:11am
Quoting marcb
207.25 and gong own.
May be it will go in area 206.9x and then bounce up.
News coming out at 4.30 may be it give an excuse for he bounce
i gree
  • #1,986
  • Feb 29, 2008 4:26am Feb 29, 2008 4:26am
Quoting dindin
i gree
Thanks
  • #1,987
  • Feb 29, 2008 11:11am Feb 29, 2008 11:11am
It pushed through minutes after posting that.
Figures...... oh well....

was short from 212.8 to 209.0, so......no worries.
  • #1,988
  • Mar 1, 2008 4:47pm Mar 1, 2008 4:47pm
Hope everyone had a KILLER week.

I will be gone most, if not all of next week.
We're having Twin girls.
My wife is being induced tomorrow evening if she doesn't get into labor on her own by then.

So, I wish a good week to all

See you on the 10th.

Maybe things will have settled by then.....

Cheers,

kj
  • #1,989
  • Mar 1, 2008 5:02pm Mar 1, 2008 5:02pm
Quoting kujo17
Hope everyone had a KILLER week.

I will be gone most, if not all of next week.
We're having Twin girls.
My wife is being induced tomorrow evening if she doesn't get into labor on her own by then.

So, I wish a good week to all

See you on the 10th.

Maybe things will have settled by then.....

Cheers,

kj
hey, Congratulations man!!! Have a great week!
I dream, therefore I become.
  • #1,990
  • Mar 1, 2008 5:44pm Mar 1, 2008 5:44pm
All,

After some research, I am calling gbp/jpy long to 218 in the short term IF and on IF she doesn't break below 205.70.

Any thoughts?

B
  • #1,991
  • Mar 2, 2008 7:25pm Mar 2, 2008 7:25pm
Today, Monday's Tokyo Daily Session Pivot, I have 204.74. How about you guys? Just want to double check on my pivot numbers since it's Monday.

Thanks
  • #1,992
  • Mar 2, 2008 7:32pm Mar 2, 2008 7:32pm
Quoting Nobitacu
Today, Monday's Tokyo Daily Session Pivot, I have 204.74. How about you guys? Just want to double check on my pivot numbers since it's Monday.

Thanks
mine is at 206, Vt platform.....
  • #1,993
  • Mar 2, 2008 8:31pm Mar 2, 2008 8:31pm
I' using ibfx mt4.... hmmm...
  • #1,994
  • Mar 2, 2008 8:50pm Mar 2, 2008 8:50pm
I'm really hoping this gap the market open caused will be filled soon.
  • #1,995
  • Mar 2, 2008 11:04pm Mar 2, 2008 11:04pm
Quoting Nobitacu
I' using ibfx mt4.... hmmm...
how's IBFX? I hear they got a debit card now. how is it treating you? do you like it? how long it take to withdraw to you IBFX card?just tell me all I need to know about them. And good morning. enjoy your week
All the best things in life are free.
  • #1,996
  • Mar 2, 2008 11:35pm Mar 2, 2008 11:35pm
Quoting fx_lane
how's IBFX? I hear they got a debit card now. how is it treating you? do you like it? how long it take to withdraw to you IBFX card?just tell me all I need to know about them. And good morning. enjoy your week
Good morning fx_lane,

I've been using them since last August, so far so good. They do use debt card but I don't use it, I just have them fedex me my check, and have them overnight ship it. As for their debt card, once you have that open with them, you'll get another account just for the debt card, so you can at any time, transfer your funds from your trading account, into your debt card account, process might take a day, not sure, but once done with that you can use it to withdrawal funds whenever you like. If you like you can go to their website and click on live help on top right corner. They will be able to answer you with all your questions regarding ibfx.
  • #1,997
  • Mar 3, 2008 12:32am Mar 3, 2008 12:32am
is she ready to head back up or is she still heading south?
All the best things in life are free.
  • #1,998
  • Mar 3, 2008 12:33am Mar 3, 2008 12:33am
Quoting fx_lane
is she ready to head back up or is she still heading south?
Still very hard to say at this point... I'm going to wait maybe until London to trade and let things settle down more. I already lost one trade during early Tokyo session.
  • #1,999
  • Mar 3, 2008 3:38am Mar 3, 2008 3:38am
there she goes. Whats your TP? still waiting to see if H4 agree with a big move upbut looks like H4 has no disagreement
All the best things in life are free.
  • #2,000
  • Mar 3, 2008 5:37pm Mar 3, 2008 5:37pm
Quoting fx_lane
there she goes. Whats your TP? still waiting to see if H4 agree with a big move upbut looks like H4 has no disagreement
I only managed to get out with +5 with my PP being hit last night with the Buy, because it moved back down a lot again before heading back up. Market was pretty unstable all day yesterday, very hard to trade for me. Hopefully it'll be more stable today.
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