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    • Michi replied Jan 31, 2008

      GY is too much ranging to hope getting more than 50 pips right now... you guys should wait a little bit that the beast choose a direction ! This is my point of view of course, but by experience: nothing good happens when GY is ranging! Allow ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 31, 2008

      Hi guys, I'm back! I see that Kujo is still as accurate in his TPs ! I am jealous Anyway, the market is ranging: ADX at 16 on the M15 and 12 on the H1 TF... I'd stay out of it for now, waiting at least for Tokyo !

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      seems the market is still full of steam for a downtrend... I'll wait for Tokyo session at least to re-enter trades... or London session. But I feel that tomorrow will be a better day to trade (GMT time, here it's almost midnight). Cheers

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      What I meant is that a stock market that is upward trending gives confidence to investors who are therefore more willing to undertake risk, for instance with carry trades. Since the market hoped for a 50bp cut and they got what they wanted: the ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      In my pt of view: 25bp would have sent it down, while 75bp and 50bp would have sent it up... The stock market was expecting and hoping at least a 50bp cut, otherwise it would have crashed. They have what they asked, confidence is getting higher, ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      traders on CNBC say that the market expects 50bp, and that a lower cut would be negatively viewed by the market. Therefore: markets should go down, risk aversion going higher, and GY going down as well... So basically USD should also lower in case ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      I don't feel a 50bp cut, but more smthg like 25bp... The Fed got trapped last week by the SocGen trader, and cut by 75bp... which I guess already embodies the potential 50bp rate cut of today. I see a 25bp cut, or maybe nothing... No position for ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 30, 2008

      So what's your point of view regarding the rate cut consequences on GY? If they cut by more than 50bp: will it go north or south? And what if it goes down by only 25bp? Because people don't say exactly the same thing regarding that. I have my point ...

      GBP/JPY for QQE Traders!
    • Michi replied Jan 29, 2008

      As far as I know from Kujo: he uses this strategy solely on H1 TF (and not on shorter term TFs anymore). You define an uptrend when indicators point north: stoch crossing up, QQE5 crossing up, 5SMAs crossing each other and you just wait for the next ...

      GBP/JPY for QQE Traders!