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GBP/JPY for QQE Traders!

  • #2,001
  • Mar 3, 2008 4:47pm Mar 3, 2008 4:47pm
Today, my Tokyo daily pivot is showing 204.85.
  • #2,002
  • Mar 3, 2008 4:57pm Mar 3, 2008 4:57pm
Hi Nobitacu

I got daily pivot at 204.79, shorted at 205.17, looking to get through resistance at 204.91 (which she just bounced nicely off), 204.68 which shouldnt be to bad to get through, aiming for 61.8% retrace off yesterdays up move price at 204.35 area. This is my target for this little down move. Looking at outside the PA of the pair, Nikkei is dropping after opening a little higher, which should bring USD/JPY down, which should drag this pair down also.

EDIT: Also looks like a weak double top, so I am taking a risk, but it is calculated
  • #2,003
  • Mar 3, 2008 5:01pm Mar 3, 2008 5:01pm
Quoting Nobitacu
Today, my Tokyo daily pivot is showing 204.85.
mine is closer today... 204,86 BID...VT trader.
  • #2,004
  • Mar 3, 2008 5:09pm Mar 3, 2008 5:09pm
Hello totalpips,

I pretty much did the same as you, I entered short @204.94. A bit of calculated risky trade, and yea, hoping it'll break below the Tokyo session pivot to up our winning chances a bit for this short. Our TP is almost the same, I've set mine @204.34. I'm also keeping my eyes on the Nikkei, so yea, the drop now from it should help us out. If this trade hits our TP or I get stopped out, then I'll start looking for a Buy entrance for the move up.

Quoting totalpips
Hi Nobitacu

I got daily pivot at 204.79, shorted at 205.17, looking to get through resistance at 204.91 (which she just bounced nicely off), 204.68 which shouldnt be to bad to get through, aiming for 61.8% retrace off yesterdays up move price at 204.35 area. This is my target for this little down move. Looking at outside the PA of the pair, Nikkei is dropping after opening a little higher, which should bring USD/JPY down, which should drag this pair down also.

EDIT: Also looks like a weak double top, so I am taking a risk, but it is calculated
  • #2,005
  • Mar 3, 2008 5:12pm Mar 3, 2008 5:12pm
Quoting indio
mine is closer today... 204,86 BID...VT trader.
Good good, I'm glad my tokyo pivot today isn't messed up like it was yesterday. Thanks for the VT pivot value.
  • #2,006
  • Mar 3, 2008 5:18pm Mar 3, 2008 5:18pm
Im glad Im on the right track, especially seeing as youve been around this thread for a while...lol Come on TP....!!
  • #2,007
  • Edited 10:49pm Mar 3, 2008 6:55pm | Edited 10:49pm
Quoting totalpips
Im glad Im on the right track, especially seeing as youve been around this thread for a while...lol Come on TP....!!
Well, risky trade it is lol. Only things keeping this down is the 23.6 fibo line on H1 and also both M15 and M5 Stoch are way overbought. I came within 9 pips of my SL, let's see if it'll actually drop from here or stop me out. I'm hoping it'll just keep dropping from here of course, praying.

Edit: SL hit, I'm done for the day.
  • #2,008
  • Mar 4, 2008 5:20am Mar 4, 2008 5:20am
Hi

Thread Dead from 2 days .... where is expert
  • #2,009
  • Mar 4, 2008 12:57pm Mar 4, 2008 12:57pm
Quoting deboooo2005
Hi

Thread Dead from 2 days .... where is expert
They are both taking vacations right now. ^^
  • #2,010
  • Edited 9:32pm Mar 4, 2008 9:17pm | Edited 9:32pm
I see that price has been above the Asian daily pivot during the whole session. It only managed a 50 pip retrace, and usually does better than that. The 1H QQE is crossed bullish, it has moved above the 50 line, and candles are being formed above the Gann. The 4H QQE is crossed bullish, and if we get a 4H close above 205.40 or so, price will be above its Gann. This is all looking good for the upside. The weekend gap hasn't been filled yet, and the Asian R1 is right about in that area.

Unfortunately, fundamentals seem to rule right now. I see the GBP consumer confidence data was low earlier today. I will hold off taking any longs beside scalps, unless I see a better than expected "GBP Services PMI" news release. Then I'll enter a long to fill the weekend gap area (206.20 - 206.25). If price stalls out before that, I'll close the trade early. If the news is below expectations, we'll probably see more down movement. But I'd be surprised to see new lows during London, unless the news is very bad. Lots of USD news during NY session though, and that has the potential to shake things up pretty good, in either direction.

Trade what you see! Good luck to all!
  • #2,011
  • Mar 4, 2008 11:15pm Mar 4, 2008 11:15pm
Quoting Pips_Cruiser
I see that price has been above the Asian daily pivot during the whole session. It only managed a 50 pip retrace, and usually does better than that. The 1H QQE is crossed bullish, it has moved above the 50 line, and candles are being formed above the Gann. The 4H QQE is crossed bullish, and if we get a 4H close above 205.40 or so, price will be above its Gann. This is all looking good for the upside. The weekend gap hasn't been filled yet, and the Asian R1 is right about in that area.

Unfortunately, fundamentals seem to rule right now. I see the GBP consumer confidence data was low earlier today. I will hold off taking any longs beside scalps, unless I see a better than expected "GBP Services PMI" news release. Then I'll enter a long to fill the weekend gap area (206.20 - 206.25). If price stalls out before that, I'll close the trade early. If the news is below expectations, we'll probably see more down movement. But I'd be surprised to see new lows during London, unless the news is very bad. Lots of USD news during NY session though, and that has the potential to shake things up pretty good, in either direction.

Trade what you see! Good luck to all!
Hello Pips_Cruiser, nice to see you back posting here! Right now... I'm just hoping for a drop before going back up... but doesn't seem like there is really any direction.

My Asian daily pivot is at 204.85 today.
  • #2,012
  • Mar 4, 2008 11:33pm Mar 4, 2008 11:33pm
Nice... right after I said that, it dropped. Now... keep going for awhile!!!! Please??
  • #2,013
  • Mar 5, 2008 12:43am Mar 5, 2008 12:43am
Hey Nobitacu,

Ive been watching this form all day and looks like an almost symetrical double top. Will have to wait and see how far it drops.
  • #2,014
  • Edited 2:16am Mar 5, 2008 12:49am | Edited 2:16am
Quoting totalpips
Hey Nobitacu,

Ive been watching this form all day and looks like an almost symetrical double top. Will have to wait and see how far it drops.
yup, it sure does. I'm really hoping today will be a down trend and it keeps dropping to complete this symmetrical double top. haha. But it'll be tough, since we're suppose to have this retrace up for last week's down trend any day now, plus, it still hasn't filled the Gap yet. So... any downward movement looks to be a tough one. But yea... We'll see what happens... If it does decide to move up from here, at least I'll be ready for it. I won't mind at all of course if it decided to drop down to 203.66. ^^

Edit: Well, my first Sell hit TP, here's to hope it keeps dropping, major GBP news coming in 9 minutes however... let's hope it's bad for GBP...
Edit2: well... it was good news for GBP lol, so closed all my sell positions, still profit for the day.
  • #2,015
  • Mar 6, 2008 8:27am Mar 6, 2008 8:27am
hey guys and gals,

Hope all have been well and making lots of pips.
I'll be back next week.
I'll look over the weeks action over the weekend and figure out my analysis of where I'll head.

the only chart I've been studying......

http://thebabyjones.com/2008/03.03.0...irth/twins.jpg
  • #2,016
  • Mar 6, 2008 8:30am Mar 6, 2008 8:30am
Congrats! K man!
  • #2,017
  • Mar 6, 2008 8:50am Mar 6, 2008 8:50am
beautiful girls. Congrats
Pip By Pip
  • #2,018
  • Mar 6, 2008 9:15am Mar 6, 2008 9:15am
Hallo Kujo!

I wondered what you did the last few days... LOL!!

But what a great reason to stay away!! http://www.jubailforums.com/vb35/ima...ies/clap_1.gif


Although I don't know whether you already have kids, prepare for a whole set of strong emotions, hehe! http://www.jubailforums.com/vb35/ima...balsmilies.gif


We are all happy for you http://www.jubailforums.com/vb35/ima.../woot_jump.gifand wish you and the girls

(all three of them) all the best!! http://www.jubailforums.com/vb35/ima...es/thumbup.gif

Congrats!
Matt
  • #2,019
  • Mar 6, 2008 9:59am Mar 6, 2008 9:59am
A couple gorgeous looking gals there, Kujo! Congrats to you and the wife. Hope to see you back next week.

  • #2,020
  • Mar 6, 2008 12:05pm Mar 6, 2008 12:05pm
Congrats and best luck to you and all the family. Fer
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