Thread: GBP/JPY for QQE Traders !

QQE Traders Wanted ! Some Experience Preferred !

If you aren't knowledgeable about AUSLANCO#8217;s QQE trading egy please refer to:

http://www.pnwenterprises.com//
http://www.-fx.blogspot.com/


I hope we can keep trade talks centred around QQE, Gann Hi-Lo, Momentum, SMA etc.. Yet any additional analysis will be useful (eg., news, fibs etc); but please allow #8217;s concentrate on Auslanco#8217;s indiors.

If we wait patiently to the QQE Setups there is heaps of money to be made together with. Lets become rich together and join forces!

Happy New Year. Wish everybody makes lots of money.



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Originally Posted by ;

I woke up and jumped on the 15m sell too. I got in at 21103.

I place my t1 in at 21038 that is just above my S1 lineup. More would be nice but I am a bit concerned that London stocks will go up today following the US gains that were apparently supported by good prelim figures from IBM.

Anyhow, the trade is going the wrong way right now, but I expect it'll turn back down shortly. .

It resembles a rather risky trade at the moment. But we are in the 1hr 5sma region, so there is a chance it'll move down following this retrace. Let's see how it goes...

If I was not at the trade already, I would likely stay out. I see the 15min QQE5 beginning to cross the wrong direction. There is also major GBP news later, and it isn't always good having an open trade during that.

Originally Posted by ;

It looks like a fairly risky commerce at the moment. But we are at the 1hr 5sma area, so there's a chance it'll move down following this retrace. Let's see how it goes...

I'm trusting that internal down trendline could hold, it has survived one evaluation. I believe it's a fair trade. Even if it does go wrong then at least it wasn't a ridiculous trade.

It is a risky company



John

Originally Posted by ;

I am hoping that inner down trendline could hold, it has survived one evaluation. I think it's a fair trade. Even if it does go wrong then at least it was not a ridiculous trade.

It is a risky business



John

Good points. I don't find any price disasters however. Plus we are after our trading guidelines. Technically we shouldn't exit the transaction before the QQE60 crosses up.

Originally Posted by ;

Good points. I really don't find any price disasters however. Plus we're after our trading tips. Technically we should not depart the transaction unless the QQE60 crosses upward.

Should capable to go s1...

Originally Posted by ;

in a position to go s1....

That looks sensible to me. Might take some patience however.

Current Price is 211.08 at 5.50am London Time

News Alert: GBP CPI news due at 9.30am London time

15M Strategy Update:

Price is completely Bearish on 100sma daily 5sma daily pivot

• 1H 100sma = 213.44
• Daily 5sma = 214.11
• Daily Pivot = 213.13

QQE Signals:

• QQE5 15M = Bears (crossed down and under 50%).
• QQE60 15M = Bears (crossed down and under 50%)
• Pink Bear Arrow triggered at 211.15 (on ATR 28*2.75). There has not been much momentum in the previous 4 hours. Cheapest price has hit continues to be 210.86 ( 30pip)

Price has to be over Daily 5sma 214.11 if you want to go LONG. In the meantime market is on the SHORT facet on 15M egy.

Wait if you are not in a trade -- QQE5 is horizontal!!! Price is going to make a decision shortly!!!!

Current price is 211.09

Please see if price moves into 211.35 -211.50. If price moves for this zone I will provide an update.

I,have a query from your Daily 5sma, whats your MA Methode?
Smoothed or Simple?and the price,close,open,low or high?
Thanks and best regards.