GBP/JPY for QQE Traders!

whats the problem?

Hello...

As per request, here are the indicators and templates I made for it. Aus's M15 strategy uses 3 different time frames as you know, Daily, H1, and M15. I did try to make my templates simple without overflowing it with a lot of different indicators, but just what's needed to trade this strategy.

First, here are some of the indicators, I'll post the rest on my next post since there's a limit how much I can upload per post.

Here are the rest of the indicators and template. I've also included a screenshot of what it should look like when it's all loaded.

Enjoy...

The problem is, you'll have to figure out your own settings for your Session Daily Pivot, based on the broker you're using to trade.

Again, the only two settings I have are for Alpari and IBFX:


• Alpari Values:
o Tokyo = 2
o London = 9
o New York = 14

• IBFX Values:
o Tokyo = 0
o London = 7
o New York = 12

To find out the setting for the broker you're using, if using my Daily chart template, just look at the Broker time at the time when that market session opens, that broker time would be the number you use. To find out what time the market opens, go here http://www.forexfactory.com/index.php?page=calendar and on the left side, you can click on the city name for the market time they open.

thanks a lot...........for your information I use fxsol as my broker and im only use MT4 for chartist........so your template base on what broker?-default

thanks again

Mine's based on Alpari for London Session. http://www.alpari-us.com/

By the way, if anyone wants a lot of good forex/trading ebooks to read and download from, here's a great website to download them from: http://forexkid.blogspot.com/

Thank You............
Your Post Make This Day The Best Day For Me...........
Learning Is The Key To Succes.....
As The Saying Goes "sharing Is Caring"
Thank You So Much.....

No problem, glad I could help. And as Aus suggested, do demo trade this for awhile until you're fully comfortable before ever trying to go live.

sorry.......
another request hope you dont mind......
what the line 70 in 15tf means........maybe its your own rules but I committed to learn.......
and 1 more think momentum(multi) how to read it-just give me a link

hope you dont mind answer it

I added 70 and 30 red line on both QQE5 and QQE60 chart. 70 and over meaning overbought, 30 and lower meaning oversold. The 50 line is what's most important for QQE5, it's like the pivot, crossing above it meaning movement might be turning bull, crossing below it meaning movement might be turning bear. The 50 line on QQE5 is part of the confirmation for entrance, so make sure you watch for this line.

As for the momentum, it gives you an idea of the momentum of the movement. http://www.pnwenterprises.com/auslan...ntum_strat.htm

your template using momentum on 15tf but the link show how read in 4htf and daily......is it still the same?

It's not the same if you're comparing momentum with H4 and M15 as their results will be somewhat different , however, how to read them is the same. I only use this for extra info, and not as one of my main indicator to confirm my trade. I don't use the H4 chart, so I just place it on my M15 chart instead. Pretty much if the light blue line is crossing up and down the 0.00 line, that means there is no direction, if it's a sharp turn up, that means there's a chance for Bull momentum gaining, sharp down for Bear. There are 3 different periods on that momentum indicator you can use.

when I want to change the input of pivot it shows:
pivotset :
daystarthour:
how to set it?

You change it under DayStartHour

I just want to again share how I go about the Daily Session Pivot. If the Daily Session Pivot is the LAST to confirm to enter on a trade, I know that Aus uses closing of M15 candle below or above it for entrance, however, I've seen way too many times that even though M15 candle closed below the Session Daily Pivot (for a sell for example), the H1 candle would later on retrace back up and close above it again. That to me means that the Session Daily Pivot was never broken, and therefore, should not have been entered on that Sell as the H1 candle might be just bouncing off the pivot to head back up again. If however, the H1 candle would have closed below it, then I would have entered the Sell at the start of second candle after this confirmation candle. This is pretty much the only thing I do differently than how Aus goes about it. He would enter after M15 candle closes above or below the Session Daily Pivot (again, if this is the last thing to confirm, while everything else already confirmed), while I won't enter until after the H1 candle closes above or below it. Sometimes I end up getting into a even better price by doing this, sometimes not, so it'll get pretty even in the end, but I rather miss some pips in order to make sure this isn't just a bounce off the Session Daily Pivot line on the H1 chart.

The other thing I would add is, don't enter on a trade if it's too close to a resistance/support line, or the 200ema on H1, and 50ema on M15, as price tend to bounce back after hitting those lines more often than not. Best if you would just wait and see if the price will break and CLOSE above/below it to enter, then set TP at the next follow Resistance/Support line.

I also do use TS 60. However, i will only use this of course if TP is more than 60 pips away from entrance, otherwise, no point of using it. I like using this to protect my pips on it's way up or down to my TP, or if I just want to head for bed after I entered on my position. You MUST have your computer on and chart open in order for TP to keep being active!

Also, this is by no means a Holy Grail, there are no such things. You will get occasional loses, bottom line is to get more positive pips at the end of the week/month than negative pips. Just stay discipline and stick with the rules, then you'll be fine.

Just in case this might make it easier to have something to look at to remind you what to look for. I've put together this simple document on what to look for when entering a trade using Aus's M15 strategy. Feel free to edit it in according to how you trade.

*Edit* Added more information that I posted on this thread before.

Buy confirmed and Entered @204.26, SL 60 pips, TP next London Resistance line 205.83, TS placed @60.

Edit: TS adjusted SL of +64 pips has been hit after that quick spike down then move back up. -_-" oh well, it happens... Still profit for the day.

now in profit......is this system suit for other currencies