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Karmo's trading strategy trading GBP/JPY

  • #241
  • Mar 10, 2008 3:06am Mar 10, 2008 3:06am
I got a clear path to 207.00. I don't see anything in the way.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #242
  • Mar 10, 2008 3:45am Mar 10, 2008 3:45am
Karmo:

It is been a plasure to read your analysis as allways. Plase keep this thread open and informed. I have learn a lot from you. TY very much bro.
  • #243
  • Mar 10, 2008 5:29am Mar 10, 2008 5:29am
Quoting oscarfrx
Karmo:

It is been a plasure to read your analysis as allways. Plase keep this thread open and informed. I have learn a lot from you. TY very much bro.
We are all here to learn, no problemo oscarfrx
Trade what you see, not what you think.
  • #244
  • Mar 10, 2008 6:10am Mar 10, 2008 6:10am
Hello Karmo and all

I am very interested in your analyses Karmo...thanks for sharing it with us.
I am trading mainly EJ at the moment but a lot of what you say can apply to that pair too.
Please tell me what sort of initial stop size you use ? and what TF do you use for entry?
thanks
take care
kim
  • #245
  • Mar 10, 2008 7:01am Mar 10, 2008 7:01am
hi karmo
thanks for sharing this information .
  • #246
  • Mar 10, 2008 7:24am Mar 10, 2008 7:24am
Hai Karmo.., you are doing well on long term analysis on this pair. I'm newbie and used to trade on this pair. I hope i can learn a lot from this thread especially on long term analysis. Thanks and God Luck.
  • #247
  • Mar 10, 2008 9:27am Mar 10, 2008 9:27am
Quoting kimmy
Hello Karmo and all

I am very interested in your analyses Karmo...thanks for sharing it with us.
I am trading mainly EJ at the moment but a lot of what you say can apply to that pair too.
Please tell me what sort of initial stop size you use ? and what TF do you use for entry?
thanks
take care
kim
I use no SL at the beginning, most of the time I enter a trade in the direction of the Daily TF trend and whenever the trades goes my way about 100 pips, I lock in profits and then just let it run. I use the 1H TF for entry.

Hope that helps.
Trade what you see, not what you think.
  • #248
  • Mar 10, 2008 9:29am Mar 10, 2008 9:29am
4H Bollinger bands indicate that a breakout is going to occur today/tomorrow and price is still trading in the bullish channel.
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #249
  • Mar 10, 2008 10:59am Mar 10, 2008 10:59am
Quoting karmostaji
4H Bollinger bands indicate that a breakout is going to occur today/tomorrow and price is still trading in the bullish channel.
hi karmo
what s going on ? what s the reson of this movment?
  • #250
  • Edited 11:56am Mar 10, 2008 11:42am | Edited 11:56am
Quoting jarroo
Add at 205.90. Let's see what happens.
Both trades when great. One was half 75 pip - half b/e. The other 40 pips - half b/e.
Indicators show the past. Price Action "Indicates" the future.
  • #251
  • Edited 3:20pm Mar 10, 2008 11:44am | Edited 3:20pm
Perfect setup short : Price Action, Gann, trendline break, break of the QQE 50 level.

DBHLC:
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #252
  • Mar 10, 2008 11:46am Mar 10, 2008 11:46am
Quoting jarroo
Perfect setup short : Price Action, Gann, trendline break, break of the QQE.

DBHLC:
or a pin bar shaping??
  • #253
  • Mar 10, 2008 11:53am Mar 10, 2008 11:53am
Is it because the RICS house price balance will be released in 7 hours time? I found b4 the British news release, G/J down; b4 Japan news release, G/J up.

Quoting danryman78
hi karmo
what s going on ? what s the reson of this movment?
  • #254
  • Mar 10, 2008 11:54am Mar 10, 2008 11:54am
Quoting rob4u
or a pin bar shaping??
You have to wait (paitence) for the close on the candle to determine Price Action. The DBHLC has been determined.
Indicators show the past. Price Action "Indicates" the future.
  • #255
  • Mar 10, 2008 11:57am Mar 10, 2008 11:57am
What is DBHLC ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #256
  • Mar 10, 2008 12:01pm Mar 10, 2008 12:01pm
Quoting pipsy_2
What is DBHLC ?
Double Bar High Lower Close. Its a bearish Price Action formation.
Learn more here:http://www.forexfactory.com/showthread.php?t=2331

You'll be glad you did.
Indicators show the past. Price Action "Indicates" the future.
  • #257
  • Mar 10, 2008 12:24pm Mar 10, 2008 12:24pm
Quoting jarroo
Double Bar High Lower Close. Its a bearish Price Action formation.
Learn more here:http://www.forexfactory.com/showthread.php?t=2331

You'll be glad you did.
Thanks Jarroo... Another tons of information to read Does it mean - two candles with the same highs and second candle closes lower than first one ? Ps. Why did you highlighted 3 candles ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #258
  • Edited 1:28pm Mar 10, 2008 12:30pm | Edited 1:28pm
Quoting pipsy_2
Thanks Jarroo... Another tons of information to read Does it mean - two candles with the same highs and second candle closes lower than first one ? Ps. Why did you highlighted 3 candles ?
The best case is the Highs are the same, but they seem to work if they are close within 20-30 pips. I didn't mean to highlight 3 candles, sorry.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #259
  • Mar 10, 2008 1:46pm Mar 10, 2008 1:46pm
Thanks Jarroo.

I will have my 4H candle close in 1h 15m and if by that time we will be in the same place as now would you recomend to go short ?

We are below gann, QQE will be crossed.
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #260
  • Mar 10, 2008 2:08pm Mar 10, 2008 2:08pm
Quoting pipsy_2
Thanks Jarroo.

I will have my 4H candle close in 1h 15m and if by that time we will be in the same place as now would you recomend to go short ?

We are below gann, QQE will be crossed.
Tough to say, I enter at 205.09 - the low of the DBHLC. May be if it retraces back to 205.00 it could be a nice short trade.
Indicators show the past. Price Action "Indicates" the future.
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