I think she's comin down a little bit here. 213.15 was the high....... judgement call... gut instinct don't close your trade on my gut though........ ;-)

GBP/JPY for QQE Traders!

Agreed..... I have no position since being TPd out at 213.4 earlier today. Awaiting Tokyo open. Michi, you may want to get out of that long..... I think we might be droppin here......

GBP/JPY for QQE Traders!

yes, 19:00GMT on the 1H Bar opened at 212.7, above the 5SMAs and both QQE and Stoch were pointing up and above the 50 line. We're also above the DP, still above this long term bottom TL and Gann Hi/Lo as well. This will/would probable be good to ...

GBP/JPY for QQE Traders!

I'm kinda sittin to the side for the US session. I should have listened to my system and got in at 212.36, as she'd be nicely in profit now and I think, as Michi said, we'll probably creep up to 213.4 area again. Then, if the trend continues, the ...

GBP/JPY for QQE Traders!

Michi, When I talked about TLs, draw a TL between the last two UPPER fractals (highs with two lows on either side). To be ultra safe, wait until you get a close above the upper TL to go Long. Wait for a close below the lower TL to go short. This is ...

GBP/JPY for QQE Traders!

I won't use the 5M at all today. too rangey. if she breaks a strong S/R area or TL, I'll go in. Otherwise, I'll watch as well and wait for Tokyo to open and take em for the free 100 pip short...... ;-)

GBP/JPY for QQE Traders!

I think she'll slowly range UP. There has been a VERY strong TL building from 204 up. It's been tested many many times on many TFs and never broken. If she breaks this, I'm short for sure and it's got to run down to 208 area. But, I think we're just ...

GBP/JPY for QQE Traders!

Accurate ? That was just sheer Luck. I was pissed for having my TPs missed by 10-15pips the night before and it ended up costing me 65 pips, as I set a Trailing stop to protect. So, I just dropped my TP 10 and set my TS to 55 instead of 65 and it ...

GBP/JPY for QQE Traders!

michi, you can get as low as 1-2 pip spreads on GY, on 50K+ accounts. Duskacopy SA and DBfx offer lower spreads, with 50K+ accounts. We'll move our $$$ to Duska when she hits 50K. Goal: May 2008

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

Michi, I don't know why, but right before I headed to bed, I dropped it to 213.40 because the night before, at 214.8, my TPs were missed by 10 and it cost me. Well, they were hit last night.....to the PIP. So, I was excited when I got up, after ...

GBP/JPY for QQE Traders!

things are going to be strange here I think. Fed may cut rate another .5 on Weds. Markets are just ranging due to this I think. If that is the case, the UJ will rise up towards 110, causing this to go up/long as well..... we'll see what ...

GBP/JPY for QQE Traders!

Long from 211.30 and 212.17 213.5 is my TP. Been a slow day.... hope it picks up here.

GBP/JPY for QQE Traders!

never know with this pair. I have a long with TP around 213.5 It just can't make up it's mind.

GBP/JPY for QQE Traders!

hey buddy....... yeah, funny position we're in. Most of the charts/QQEs/Stochs point south.... she just doesn't wanna go. last two waves on the 5M have been higher highs/lows...... but we're stuck at the DP....... Which way will she go. I'm fine ...

GBP/JPY for QQE Traders!

QQE 5 was already crossed down. ZL Stoch crossed down And a down bar on the 15M closed under/at the lower 5SMA, so I enetered and it went south. Was expecting a bounce at the DP, but pushed through. 211 are proved to be strong s/R area and we should ...

GBP/JPY for QQE Traders!

yes, 211 seems it was a strong S/R area. Cashed out one of my shorts and awaiting long signal. Still have one lot short sitting incase it goes south, but I'll let it TP out at BE.

GBP/JPY for QQE Traders!

I also use ZL Stoch as well !!!!

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

What Q said !! I'm also short from 212.xx aiming at 210.40, 38.2 fib retracement. Q, do you use Gann H/L set to 10 on every TF ?

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

I'm short from 212.xx 210.x area for a 38.2 fib retrace. then up to 214/217 from there.

GBP/JPY for QQE Traders!

Well, at this point, everything up to the 1H is pointing south. The 4H is about to do that as well. Maybe a retrace down to the 38.2 fib at 210.4 ? or 210.17 is S1. But, even if eveyone's feeling bullish, it's the bears at the moment. Ride her down ...

GBP/JPY for QQE Traders!