The interest rate announcement will have more impact. Nobody seems to want to do too much before then.. I wonder if buy the rumour, sell the news reverses when the rumour is for news that will make the pair go down? John

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

inverted h and s — Is that a head and shoulders i see on the 15m? (not inverted) Could be a nice short. I'm in John

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

It's always like this pre Non Farm announcements and also it's Friday and last day of trading for the month. (Ok i know it's feb but you know what i mean) Fun for a gamble but very unpredicatable and whipsaw movement are going to happen. John

GBP/JPY for QQE Traders!

Is pipsnipers not working or is it just full? I haven't been able to log in all day. Anyone know?

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

Lucky escape — This morning.. (UK time before the London open)... I jumped into a short trade based on the 5minute strategy. I had promised myself not to do it again, but wait for the 15min. But i did. However, I remembered just in time and ...

GBP/JPY for QQE Traders!

I took the short based on the 5m strategy. Target iss 208.19 stop 210.80 My entry point was 209.72 so it''s not looking great at the moment. I'm going back to bed. Damn forex. John

GBP/JPY for QQE Traders!

Thanks Pipscruiser. Your explanation had made me think about how the indicator is calculated and understand it better. John

GBP/JPY for QQE Traders!

Daily momentum up? Is this right? Do your charts show the same? Rather a steep run down since 28th December Scarey times. John

GBP/JPY for QQE Traders!

15m short. Ok it lined up for me so i took the trade @210.75 t1 210.04 t2 209.20 stop 211.20. I took it immediately after the confirmation of the cross of qqe.. so technically it seems like a sensible trade... to me anyways... John

GBP/JPY for QQE Traders!

down we go — Well the market didn't like that news! Also there are rumours of a us rate cut. Not sure what it means for us... setting up for a short trade on the charts but what goes down that fast... What do the rest of you think? John

GBP/JPY for QQE Traders!

It should be a sell arrow if price closes below 210.48. Not sure if the qqe will have crossed by then though. John

GBP/JPY for QQE Traders!

Close below 210.48 for 15m short by my charts.. you guys see the same thing? (I'm assuming the qqe will have crossed down by then... ) John

GBP/JPY for QQE Traders!

high five — Hit the target. I'm out til after the news. Probably go lower but it will do it without me for now.

GBP/JPY for QQE Traders!

No. Something is wrong the 5sma on the daily gbp/jpy is 213.08

GBP/JPY for QQE Traders!

I think it works best with gbp/jpy because the moves are relatively larger than on many other pairs. I think this amplifies the readings which may be less defined on other pairs. If it works on here why bother with the others? Just go large(r) ...

GBP/JPY for QQE Traders!

It is indeed simple moving average on 5 and 100 periods. Good luck. John

GBP/JPY for QQE Traders!

I'm hoping that inner down trendline can hold, it has survived one test. I think it is a fair trade. Even if it does go wrong then at least it wasn't a "silly" trade. It's a risky business John

GBP/JPY for QQE Traders!

I woke up and jumped on the 15m sell as well. I got in at 21103. I put my t1 in at 21038 which is just above my S1 line. More would be nice but i'm a bit concerned that London stocks will go up today following the US gains which were apparently ...

GBP/JPY for QQE Traders!

no. i sold it out when it started hit the S1 line. I'm waiting for a retrace now to get back in. I feel very uncomfortable going short from a low point until it has retraced.. what about you sith? do you have a trade at the moment? John

GBP/JPY for QQE Traders!

I personally think the indicators work best on the g/j because of the fact that the moves are bigger and hence everything is "amplified" I use the g/j moves as an indicator for the e/j too. I will tend to take the with trend trades on the g/j and ...

GBP/JPY for QQE Traders!