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Karmo's trading strategy trading GBP/JPY

  • #101
  • Aug 23, 2007 10:51am Aug 23, 2007 10:51am
Quoting irving
excuse my ignorance but is there any way you can tellme where i cango to star learning your strategi
You can learn here in this thread, but I post regularly in auslanco's thread
http://www.forexfactory.com/showthre...40582&page=357
Trade what you see, not what you think.
  • #102
  • Aug 23, 2007 10:52am Aug 23, 2007 10:52am
My current chart with fibs and trendlines..

http://img339.imageshack.us/img339/457/gjwh2.gif
Trade what you see, not what you think.
  • #103
  • Aug 23, 2007 11:02am Aug 23, 2007 11:02am
Quoting karmostaji
wsalam

I really like your trendline drawings, much better than mine keep posting
thanks 4 ur compliment but i like urs too, i refer to ur chart to see diffrence in our drawing, really helps me... right nowgj drowned too fast, hope it doest reach my sl 230.5...
  • #104
  • Aug 23, 2007 11:05am Aug 23, 2007 11:05am
we have good support here at 231.50 area, we should bounce upwards
Trade what you see, not what you think.
  • #105
  • Aug 23, 2007 11:18am Aug 23, 2007 11:18am
asalamo alayk ya akhi
ayna anta??
hal anta in your thread or in aus thread???
i just follow anta ya akhi

fi amanellah with your trades
  • #106
  • Aug 23, 2007 2:04pm Aug 23, 2007 2:04pm
kARMO WHAT DO YPU THINK ABOUT THIS LONG?
  • #107
  • Aug 23, 2007 2:07pm Aug 23, 2007 2:07pm
Quoting irving
kARMO WHAT DO YPU THINK ABOUT THIS LONG?
I'm still holding onto my long, might take a while to go up though
Trade what you see, not what you think.
  • #108
  • Aug 23, 2007 2:15pm Aug 23, 2007 2:15pm
Trendline and fib on 15 minute chart...

A
Attached Image (click to enlarge)
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  • #109
  • Aug 23, 2007 2:41pm Aug 23, 2007 2:41pm
Quoting karmostaji
4H = Black fibo levels

Don't get confused with all the colorful lines, if you are then open up your chart and just plot 1 fibo at a time and look how price bounced off the fibo levels.

I drew this fibo retracement level after I saw it not being able to test the low again, we can see how the price went and tested the 23.6% the first time and failed, but it broke it the 2nd attempt and went straight to the 38.2%, where it was rejected and came back to the 23.6%, It is going to test the 38.2% another time.. next week. We are also in a small downtrend channel.

http://img515.imageshack.us/img515/2043/4hzm3.gif
I have been following Auses thread for quite a while and am grateful you have started your own. My question is how do you get the prices to show up on your fibo lines. I am using Meta Trader 4. Thanks again
  • #110
  • Aug 23, 2007 2:56pm Aug 23, 2007 2:56pm
Has anyone heard anything with regards to the Bank of Japan interest rate review? I can't find anything yet
  • #111
  • Aug 23, 2007 4:54pm Aug 23, 2007 4:54pm
I was able to find the answer in Auses Thread.

"Just type (%$) under the fibo levels description in the properties of fib to get the price near levels"
  • #112
  • Aug 24, 2007 2:42am Aug 24, 2007 2:42am
Quoting greenfrog
I was able to find the answer in Auses Thread.

"Just type (%$) under the fibo levels description in the properties of fib to get the price near levels"
Yah, sorry I have been so busy and couldn't reply to your post here.

Enjoy.
Trade what you see, not what you think.
  • #113
  • Aug 24, 2007 4:29am Aug 24, 2007 4:29am
Trendline is still supporting as you can see..

http://img213.imageshack.us/img213/4175/gjfa8.gif
Trade what you see, not what you think.
  • #114
  • Aug 27, 2007 11:31am Aug 27, 2007 11:31am
Hi Karmostaji, first nice trade on the GPP/JPY, I wanted to swing trade the same peak but I already had some other trades open so I had to pass this one. I've observed the 4H and Daily charts for you and price is doing fine on both. I uploaded the charts. Your only fear should be if price forms a mini down trend which hits your stoploss....

Other than that, the overall trend here is up, price reached down to a low peak and has bounced back up..

7ayak allah!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gpj2.gif Size: 10 KB
Best Wishes.. -Riad Jarjour
  • #115
  • Aug 27, 2007 4:41pm Aug 27, 2007 4:41pm
Karmostaji,

I follow the other thread quite closely and have noticed that you have a fibo line at 232.61 (61.8). I have been able to learn how to draw the fibo lines and for some reason I do not have a line there. How did you determine where to draw your line from. I thought I had it figured out. Here is what my chart looks like. Any guidance you can give me would be great.
Attached Image (click to enlarge)
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  • #116
  • Aug 28, 2007 3:47pm Aug 28, 2007 3:47pm
I am unable to get the middle line in momentum to show up. Do you how I do that? This is what my chart looks like right now. I used to have it and then I had MT4 crash and had to reinstall. Thanks.
  • #117
  • Aug 29, 2007 4:32am Aug 29, 2007 4:32am
yesterday my sell limit missed as it penetrate the line. but this morning cannot affort to not going long.. i'm aware to those resistance line i drawn...
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  • #118
  • Aug 29, 2007 7:47am Aug 29, 2007 7:47am
hi karmo,

if there is a new swing high or low, so i have to draw new fib lines, the older are still in work? do they still work with same strongness? - or does it depent on timeframe how long they are strong?
question over question, hope you find time to answer.

best wishes, take care

molguge
  • #119
  • Aug 30, 2007 3:18am Aug 30, 2007 3:18am
Quoting karmostaji
I'm still holding onto my long, might take a while to go up though
your TP still set at -100 pips?
  • #120
  • Aug 30, 2007 3:33am Aug 30, 2007 3:33am
I've been on vacation and didn't have much time to post any charts or do any updates or even answer questions.

I will update all my charts and fibs shortly
Trade what you see, not what you think.
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