Short : 213.8, 213.2, 212.4, 212.24 and 211.8 TP: 209.00 15,30,1H and 4H are pointing south. Lets see how this ride turns out. Let start the week off right London. 217+ by Friday

GBP/JPY for QQE Traders!

In ranging conditions like this, I'll only go off the 5M with QQE and CCI to scalp. We had a 50Fib retrace on that last move down. And now she's falling, even after those two bullish 15M pin bar/hanging men. I think we'll range like this a bit ...

GBP/JPY for QQE Traders!

GBP/CHF is one I've been looking at the last two weeks as well. For right now, I'm still committed to only the Beast, but may branch over there well for some different scenery....

Auslanco - GBP/JPY and GBP/USD (newstrade)

209.7 is my initial TP from 213, 212, 211. But, as price gets closer to that, I may move TP to 208.80, which is just above S2 and also the 161.8 fib extension of that last push down. 208.45 was a strong S/R area.

Auslanco - GBP/JPY and GBP/USD (newstrade)

yes, it opened lower than the close on Friday. Closed 211.35 opened 210.99

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hope everyone had a good weekend. We're a few hours away from game time. Bring your "A" game boys and girls.... My thoughts/argument are this. We had that very bearish daily candle two days ago. Pin Bar some might say. We dropped to 50% retrace of ...

GBP/JPY for QQE Traders!

My thoughts/argument are this. We had that very bearish candle two days ago. We dropped to 50% retrace of the last move up. The move up prior to the last LL hit the 50% and 61.8% fib retrace a few times throughout that week of trading. on the 1H ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm in total agreement with your karmo. I just think we'll see the mid 208's on this push down, before turning around, early to mid week.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Options expiring affects the Dow........ The GJ pair usually mirrors the Dow. So, if the Dow tanks....

GBP/JPY for QQE Traders!

I think, going by the daily chart here..... url we see about 208 by Tusday's NY session. We could see lower if the Dow tanks on Tuesday. we'll get a 61.8 retrace to 208.9 and probably a few spikes down below. I'll set my sights on 208 to go long. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

208, which will just be a poke down to that area should be the low, going from Daily charts. 208.9 is a 61.8 retrace from this last move up. WE should probably see a spike below that, but not a close below. IF the Dow tanks on Tuesday due to Options ...

GBP/JPY for QQE Traders!

Karmo, No. The hedge of 200 pips is still in place. As it falls and hits BE, it comes off. Then, if it turns around at 210, I'll double the hedge trade and at BE take it off. There are many ways to handle it. I know that the trend is UP. So, I put ...

GBP/JPY for QQE Traders!

Danny, well said. It's all about patience with hedging. I have 3 short hedges from last week going. 3 shorts from the 209 area, that were well into profit at 207.5, on the way to TP out around 206.8, when Buffett offered up the Bond Ins. help, I was ...

GBP/JPY for QQE Traders!

This is good advice, but I stayed away as hedging should be simple, and is if done right, but most I talk to don't do it right and end up losing too much, as they get frustrated and clear the decks taking a loss on both ends. But, this is what I do, ...

GBP/JPY for QQE Traders!

Ok. You posted a 30M chart and all indicators on that chart were up at the Short trade entry. I looked at the 15M chart, at your entry point. QQE, Stoch were pointed down, but above the 50 line. The CCI, one of my new indicators, was still above 0. ...

GBP/JPY for QQE Traders!

Geppy mirrors the Dow quite a bit.

GBP/JPY for QQE Traders!

Simon, Here is my 30M chart. Your short, I would have not entered. QQE, Stoch and CCI were all still crosse UP. Your long, should have been fine if you let it cook. -30 pips on the Geppy is NOTHING. Patience is key with this Beast. Like I said ...

GBP/JPY for QQE Traders!

Simon, On your Long trade that went south. Look at the price area it turned around at. 211.45 That was a strong S/R area. Look back 12 bars, it's a strong bearish candle, it closed just under this. Prior bar closed just at this price too. 6 bars ...

GBP/JPY for QQE Traders!

Simon, The candle stick just before the arrow, showed much indecision. Big tails above and below. But, the candle closed Bullish. Because of this, I would have waited for the next bar to close to see a Lower Low before going short. Also, what ...

GBP/JPY for QQE Traders!

ZL stoch is 13, which is how it's set up stock. It's posted a few pages back, here. CCI is input 50. It's ideal on the 1H, but I use it at that even on the 5/15M strat and it helps keep me in trades longer. QQE5/60, just like everyone else here is ...

GBP/JPY for QQE Traders!