GBP/JPY for QQE Traders!

Thanks guys.
You're the best.

Looking forward to getting back in the saddle and taking some more money from IBFX before closing my account next week.

Matt, I do have a 21 month old son, so..... 3 kids under 2...... Insanity.

Riley and Norah and mommy are doing well.

Will look over the charts from the last few days tonight.
I'll probably post some stuff in my journal, catch up and then post here and in the Aus thread as usual.

Cheers.

congrats kujo for ur twins...

Well done Kujo. I have years before I can do that still have to convince my girfrined to become my wife, and she thinks I'm a gambler . She's a Psychologist and to her people who trade stock or forex are gamblers so if I become very successful I'll come to you for advice. I think you've completed what I plan to achive before 35 boy and two girls what a good combination.
Well done

Wow....twins can keep you up at night.
Unfortunetly, I missed my 4am alarm clock to start at the US/EU overlap.
Sometimes, PST is tough.

missed out on a few (300) scalped pips.

But, I'm short from 207.55
TP is at 206.17 for the moment.

Just getting back in the groove. Gotta see what comes out over the next hour or two, then some good analyzing time over the weekend.

glad to be back though.

I know higher TF's are up on the QQE's, but this is a nice retrace from the news and overall trend still seems down, so should be safe.
If we get a close above 208, I'll dump the loss.

be back this weekend with some charts and thoughts.

Sith should be back next week as well, as he's away on business.

Keep posting away.... or has Malc GJ scalp thread stole the thunder ? ;-)

Congrats Kujo, they are precious!

Looks like our little thread has died.

Here's my take.

7:23 am PST

We had a big news spike.
4H QQE is up and RSI isn't into over bought yet, so I'm looking at some upward movement today. Probably to the 208.5 area, which is a 50.0 retrace from the last big drop.

1H QQE is still up, but flattening a bit, but price has stopped above the 23.6 fib of that last move up twice now. RSI is at overbought area, but if we get any more down and QQE crosses down, I'd bet 205.6 area as the low before moving back upwards.

5 and 15m are up and down.

Presently, I'm back to using my scalping techniques, as I've been boned by news too many times now, when away from the computer and leaving longer term trades running.

I was the most profitable when scalping using my 5/15m strat with Fibs and TLs, so I'm back to that.

Less pips, but I'm just using larger lot sizes as I'm never leaving trades open and only trading on the longer TF trends. NOT up and down.

Hope all are well.

I had a busy week with our new twins and Sith is away on business, but hope we can keep this thread going.

I'll keep posting my thoughts here and on my journal.

cheers.

I see 206,5 tested durin tokio, then I would like to see 208,5 (50%) at London, if it breaks then 209,7 could be reached.

Just an opinion, best luck to you

Fer.

The 4H QQE is bullish, and candles are forming above the Gann. So the short term intraday trend is bullish. The lower time frame QQE’s (1H and below) are sagging at the moment because of the Asian retrace. But we should see another shot at the 50% fib (208.47) in a few hours. The 4H 100sma is just below that area and could offer some resistance. If price can close above the 50%, and the fundamentals don’t turn on us, the 61.8% fib (209.64) is the next logical target. But getting a close above that area, which also includes the 4H 200ema, will be tough. I'll be targeting one fib at a time, and anticipating a retrace after each.

I think we will going down now, and if we see a double bottom we can expect a big jump...

what happened to this thread???
where's everybody, PC?? sith lord?? kujo??

Please can anyone help me a very good pivot point indicator

Hello everyone, long time no see, been almost 2 months since I could trade, but now I'm back again. ^^" Hope everyone made some good profits the past 2 months. I'm back to only trading Aus's M15 strategy for this up coming week. Let's get this tread going again, seems like it's died the past month or so...

This is the pivot indicator I'm using, try this out if you like.

I think they are all on a vacation? I was gone for awhile too from this thread. PC hasn't posted for a month now on this forum, Kujo I'm guessing just really busy with his new twins, not sure where Sith is however, he hasn't posted for almost 2 months.

hope this thread revive

Let's do what we can to revive it then.

As for me, Aus's M15 Strategy confirmed at 05:31 GMT for a Sell, which I entered @198.82 with SL 60 pips and TP at next support line minus spread and TS of 60 pips. My Session Daily Pivot is set for London @198.66. *Edit* trade closed by hitting TS adjusted SL at +7 pips.

How I went about this Sell trade:

1. On the Daily chart, Is the price Below the 5sma Line? *Yes*

2. On the H1 chart, the price Below the 100sma Line? *Yes*

3. Is the price Below the Session Daily Pivot Line? *Yes*

4. On the M15 chart, did the price cross Below the MT4_LevelStop_Reverse (dotted pink line) and Sell arrow has appeared? *Yes, it has for awhile*

5. On the M15 chart, is the price Below the TFT (Gann HiLo) Line? *Yes*

6. On the M15 chart, has the QQE5 crossed Below the dotted line, and crossed Below the 50 line? *Yes*

7. If all above confirmed, ENTER as soon as the QQE 60 crosses Below the dotted line. *crossed and entered @05:31 GMT*

8. Set TP/SL/TS value. You can either use 60 pip for SL, or 10 pips above the LSR line at the time of entrance for Sell, or 10 pips below the LSR line for Buy.

You may choose to reenter a new position if all above still confirms, and QQE5 re-crosses down Below the dotted line.

***Do all of the above the other direction for Buy***

****Emergency Exit****
Exit as soon as QQE60 crosses the dotted line in the opposite direction! As the trade now has a lower chance of winning, and higher chance of hitting SL with the trend possibly reversing the other direction!

*****No Trade Rule*****
No trade if all doesn't confirm! Also, for example: if QQE60 crosses up for Buy, but price is still below the 5sma line on Daily or 100sma line on H1, that's a NO TRADE, as there are still chances the QQE60 will re-cross back as the overall trend is still in a bear trend.

Just wanted to mention that the confirmations doesn't have to confirm in that order, it could be in different orders as long as in the end all confirmation confirms.

There you have it everyone,

Nobita

how did it go Nob?

It went as far as +67, but came back up to hit my TS adjusted SL of +7, which is a good thing, protecting my trade seeing where it went after that, way up.

Nobita

thread kinda fell off the map for a bit and I'm not bothering with the GJ anymore.

UJ and EU and bigger lots..... easier to trade as there's less variables on the pairs.

GJ has been too unpredictable.

Really?? But I enjoyed reading your charts and thoughts about it...