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Attachments: Karmo's trading strategy trading GBP/JPY
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Karmo's trading strategy trading GBP/JPY

Karm,

My mentor and best bud...lol How did I do on my fibs? the blue (active) the grey (for different time frame) this is for 1hr chart. I will post the indicator if you wish to look but it sets the fibs in all time frames by it self.

Well I will get the hang of posting better charts soon I hope.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1hrfib1lg.jpg Size: 74 KB
Here is the indicator I have been using.
Attached File(s)
File Type: ex4 FiboRetracement3.ex4   17 KB | 785 downloads
File Type: mq4 FiboRetracement3.mq4   16 KB | 941 downloads
Quoting kevinsw
Karm,

My mentor and best bud...lol How did I do on my fibs? the blue (active) the grey (for different time frame) this is for 1hr chart. I will post the indicator if you wish to look but it sets the fibs in all time frames by it self.

Well I will get the hang of posting better charts soon I hope.
Hi Kevin,

Honestly, I don't know where is the starting point of the fib, nor where is the end point, if you could post a much better chart and without all those indicators, and maybe zoom out a bit..please
Trade what you see, not what you think.
Karm,

I don't know what the deal is here but I for the life of me can not get a chart posted as I see it. I will have to try another software for posting charts. Outside of you looking at those indicators, I will do it by hand as you have listed.
Not being able to post what I am seeing as I see it is really pissin me off.
Hey Karmostaji, you got me hooked up with this fibs stuff, it is like a drug, I want to have your permision to post some GPBUSD charts weekly daily and 4H, for you to take a glance at them and afterwards just erase my post so that your thread wont be cloged up with useless stuff.
If it is ok just say if not no problem.
Thanks
Karm,

I hope this will turn out better.

This post will tell, these are the fibs I have so far on a daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot00041.jpg Size: 58 KB
Quoting ovidiu
Hey Karmostaji, you got me hooked up with this fibs stuff, it is like a drug, I want to have your permision to post some GPBUSD charts weekly daily and 4H, for you to take a glance at them and afterwards just erase my post so that your thread wont be cloged up with useless stuff.
If it is ok just say if not no problem.
Thanks
Post away my friend, and you don't have to delete them..
Trade what you see, not what you think.
4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot000424hr.jpg Size: 55 KB
1hr chart

NOTE: your black fib is my white fib.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot000431hr.jpg Size: 54 KB
Quoting ovidiu
4H GBPUSD

Not very good quality, how do you post your charts, Karmostaji?
Shoot, it's better than what I can post..
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
hi Karmo
There is an indicator called Zigzag, which can be useful to determine the points for the fibs. Or also.. Fractals can be used.
Good luck with the thread
Good job Kevin, they look great


Excellent trendlines and fib combination going on there ovidiu, I like the weekly fib and that lower trendline, interesting area to watch, and we are indeed in a downtrend channel on the 4H chart

Regarding posting charts:

  1. Open MT4
  2. File > save as picture, then click OK
  3. go to www.imageshack.us
  4. upload the pic, take the URL and post it here

Trade what you see, not what you think.
Hi Karmo,

Can you repost your current position, if any, with Targets and stops

Thanks
Dave
Quoting rumbey
Hi Karmo,

Can you repost your current position, if any, with Targets and stops

Thanks
Dave
No positions open, if you want to keep track of the positions I open, you should follow Auslanco's thread in the 'Forex discussion' because that's the place where I hang out with my fellow traders during trading sessions
Trade what you see, not what you think.
">[IMG]http://img59.imageshack.us/img59/4713/gpbusdweeklyeb0.gif[/IMG]

">[IMG]http://img235.imageshack.us/img235/1061/gpbusddailycl0.gif[/IMG]

">[IMG]http://img402.imageshack.us/img402/4494/gpbusd4hqb7.gif[/IMG]

Better now.
Hi Karmo

Thanks so much for your time posting and explaining your strategy..

I am really pleased to see you have your own thread for your strategy, I will definitely be a regular lurker here...

God bless!

Angie
Read through your thread here during the weekend.
Appreciate for your good work for all of us.
The week started.

May the pipz be with us
Vivere pericolosamente...
opening 225.85
Hey Karmo,

Just wanted to congratulate you on your new thread and following! You're doing awesome, and pose some good tips here for newbies and pros alike. Thanks for the generosity.

Regards,

Kevin
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