Your pivot is right but I think your sma5 is wrong. Are you using MT4? If so the daily indicators are always messed up because of the Sunday data. In VT the sma5 is currently around 210.75 so we'd have to wait for price to go below that before ...

GBP/JPY for QQE Traders!

5 sma not ema. The sma5 is currently above the session pivot so if the indicators turn down and price moves back below the session pivot we're ready to short. p.s. fxlane can you not flood the thread with chit-chat because some of us are trying to ...

GBP/JPY for QQE Traders!

London open and price is currently below the session pivot having rejected the 100sma on the 1H chart. 15M indicators still bullish so looking for them to turn bearish before shorting.

GBP/JPY for QQE Traders!

Here's what happened yesterday strictly following the system. All the indicators lined up for a short when price broke below the session pivot between 1045 and 1100 EST. Does the 15 minute bar have to close below the pivot to signal a short? If not ...

GBP/JPY for QQE Traders!

I like the look of your settings Sith Lord as they gave a long signal this morning (Europe) while anyone following the Auslanco settings would have sat out that entire up move. If I'd been trading naked I would have taken the long as price broke ...

GBP/JPY for QQE Traders!

Thanks, I'll do that. I notice a shooting star candlestick touching the 100sma on the 1H so all we need is QQE60 on the 15M to cross and price to go below the session pivot (210.66 for what's left of the London session) and that's a short signal.

GBP/JPY for QQE Traders!

Thanks for your analysis Sith Lord. I'm used to trading naked using reversal/continuation patterns and candlesticks but I'm looking to try out this system to improve my trading discipline so I hope I can learn it and then help others once I've ...

GBP/JPY for QQE Traders!

There's no mq4 file for the EA in the zip file on the first post, only a ex4 file so the EA doesn't work. Also, don't you think you're falling into the trap of over-optimisation? Traders constantly warn against this. You can only optimise a system ...

Supernova GBP/JPY Mini Trend Catcher

I looked into this system a month or two ago and now I came back and downloaded everything for MT4 on the first post and all I can say is 'Wow! What happened?' There are now ten indicators and the first post doesn't explain what most of them are ...

Supernova GBP/JPY Mini Trend Catcher

Are you still using the 0200-0230 GMT as the opening range? That seems so totally random it must be a typo or mistake. No major market at all opens at 0200 GMT. The biggest market that opens at that time is Thailand! If something random works then ...

ACD Method on GBP/JPY One trade a day

BHReach, I agree with you totally. My point was that the impression being given in this thread and and the PDF is that you just have to follow the rules in the PDF and you'll have 90% profitable trades using a 25 pip stop. There's no way you could ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Imran, if you'd been following your own rules you wouldn't have taken any of those trades. The first long you shouldn't have taken because price was below the pivot and the red lag hadn't been at the bottom for an extended period. The short you ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

The OP asked about yen crosses not AUD/USD. AUD/JPY is in a range but still 800 pips below its highs of earlier in the year. The Yen carry trade has already been unwound. The weak dollar is a different story.

Market Correction after New Year?

Most carry trades have already been unwound. A move lower would count as a down trend continuation rather than a "correction". Or didn't you notice the 1000 pip fall in USD/JPY and 2000 pip fall in GBP/JPY?

Market Correction after New Year?

Spike trading is a nonsense. It comes from the days when Felix was popular because he was publicising a good way of ripping off OANDA. If you think you can "spike trade" using an ECN/STP broker then you have no idea how interbank pricing works. You ...

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There are times to step outside a system and use your experience and knowledge to place a trade. I'm not saying necessarily hold the trade into the FOMC statement as I have no idea what that statement will bring but it was fairly predictable that ...

The easiest trade of the week

Doing well so far.

The easiest trade of the week

That's the whole point. Often they are precise and price won't pass through them but will touch the fib then reverse. You shouldn't think that your way of trading is the only (or even the best) way.

76.4% VS 78.6% Fibonacci Levels...Which is it?

johnedoe, just because you can't find use for them that means they're bullocks? Often on the long term charts price will retrace exactly to a fib level so if you want to leave a limit order just ahead of that level with a stop just beyond it you ...

76.4% VS 78.6% Fibonacci Levels...Which is it?