Thread: GBP/JPY for QQE Traders !

Wow - what happened ?

Yes counter trend trades are for sissies. I will keep this thread clean for 15M egy only. Just wanted to examine possible choices. Anyone input brief?

Originally Posted by ;

from my chart, it is the right time to brief now. And we should not counter trend

I Brief at 208.795, Wait Allow Me to lose a Few pips, but confirm

We still have not gotten a confirmed crossing of this QQE60. Or at least I have not. It crossed upwards when price moved to 209.50, and is trying to cross back down today. So I don't think there's an Aus 15 moment egy in impact yet. Perhaps in another 10 minutes...

Sith...I moved counter trend long around the same entrance you did for a very low risk to reward ratio...I sized my place to adjust my risk and also my analysis and discretion told me to go for a 23 percent -39% retracement....which following a solid trend generally it retraces back to the amount to generate space for a continuation.

P.s. am short at 208.50

There's plenty of money to be produced on trend trades, but you need balls of steel from this bearish tsunami. That's the reason why I like to possess 1H Momentum crossing direction of counter tendency.

Good luck with your brief!

Anyone did fib analysis of where this price will proceed to? I've got a ridiculous fib price around 205.93 - 208.45 on my weekly charts

Originally Posted by ;

sith...I went counter tendency long around precisely the exact same entrance you did for a low risk to reward ratio...I sized my place to correct my risk and my analysis and discretion told me to go for a 23%-39% retracement....which following a strong tendency on average it retraces back to this level to generate space for a continuation.

P.s.'m brief at 208.50

Originally Posted by ;

How to really use momentum indior to define overbought/oversold level? Can somebody please explain it temporarily? Btw. . Undoubtedly that QQE is the most effective indior. . Took a 70 pips rally last night. . TP was hit at 209.80 before price led south around 100 pips more:

It is really the QQE's that could measure OB and OS. It is overbought, when the solid line reaches above or 70. It is oversold if it moves to under or 30. They are frequently considered borderline OB or OS if they get close to those regions (like a few are starting to do now).

I see a confirmed QQE60 now (finally)...

Originally Posted by ;

We haven't gotten a confirmed crossing of this QQE60. Or at least I haven't. It crossed up when price moved to 209.50, and is hoping to cross back down now. So I really don't think there's an Aus 15 moment egy in effect. Perhaps in another 10 minutes...

Hello Pips_cruiser and Sith Lords. . Due to this thread. Great project

I have been studying the QQE indior for the last 8 months following Auslanco introduced the indior to FF. It is the indior to exchange trending pairs like GBP/JPY and EUR/JPY. I've made tons of pips for the last 6 months.

There is somthing that I want to point out. When the price range at a channel, like we saw close to Tokyo it is best to switch to 5min TF. Same egy since the 15min of the Auslanco but on the 5min TF.

SF

Thank You Spanishfly for the Hints. Congrats on all of the pips - QQE is amazing.

I agree about the 5M TF - I have been analyzing this TF for confirmation entries. I use the QQE20 instead of QQE60 on 5M.

Originally Posted by ;

Hello Pips_cruiser and s.. Thank you for this thread. Fantastic project

I have been studying the QQE indior for the previous 8 months following Auslanco introduced the indior to FF. It is the indior to trade trending pairs such as EUR/JPY and GBP/JPY. I have made a lot of pip for the previous 6 month.

There is somthing I want to point out. After the price range in a channel, such as we watched close to Tokyo open, it is ideal to change to 5min TF. Same egy as the 15min of the Auslanco but on the 5min TF.

SF

Originally Posted by ;

Hello Pips_cruiser and Sith Lords.. Thank you for this thread. Fantastic job

I have been studying the QQE indior for the last 8 weeks after Auslanco introduced the indior to FF. It is the indior to exchange trending pairs such as EUR/JPY and GBP/JPY. I have made tons of pips to the last 6 months.

There is somthing I want to point out. When the price range at a channel, just like we saw near Tokyo it is ideal to change to TF. Egy since the 15min of the Auslanco but about the 5min TF.

SF

Hi Spanishfly! Glad you can join us.