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Karmo's trading strategy trading GBP/JPY

  • #401
  • Mar 16, 2008 6:09pm Mar 16, 2008 6:09pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting gimp
I happen to be long . Things look grim, however isn't the Japanese tax year comming soon, that would theoretically strenghten JPY?

It's the tax year that is excellerating the drop, the Yen is being pulled back for the accounting period, mid april will see the run up start again as the money flows back in.

Watch AJ also as i feel this is the pair that will see most yen investment due to the now increasing interest rate difference and the fallen rates in the UK

just my view
  • #402
  • Mar 16, 2008 7:48pm Mar 16, 2008 7:48pm
Monthly GBPJPY
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #403
  • Mar 16, 2008 9:37pm Mar 16, 2008 9:37pm
What a drop!!
Price does what price wants , I just need to be prepared.
  • #404
  • Mar 16, 2008 10:09pm Mar 16, 2008 10:09pm
Possible S/R level 193.50
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #405
  • Mar 16, 2008 10:51pm Mar 16, 2008 10:51pm
Quoting MPP
It's the tax year that is excellerating the drop, the Yen is being pulled back for the accounting period, mid april will see the run up start again as the money flows back in.

Watch AJ also as i feel this is the pair that will see most yen investment due to the now increasing interest rate difference and the fallen rates in the UK

just my view
Try the fact that JP Morgan has boughr out bear Stearns for $2 per share . Their stocvk was $30 oin Friday.

Also try thet fact that Goldman Sachs have 3 billion i credit write downs

That is all over the news tonight
Blogging daily now at www.volume.zone
  • #406
  • Mar 17, 2008 12:21pm Mar 17, 2008 12:21pm
Price Action on the 4 hour: Inside Bar and DBHLC.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #407
  • Mar 17, 2008 1:11pm Mar 17, 2008 1:11pm
Now that i have the Gann Line and the QQE how are they to be used?
Price does what price wants , I just need to be prepared.
  • #408
  • Mar 17, 2008 4:27pm Mar 17, 2008 4:27pm
Quoting PJkiller
Now that i have the Gann Line and the QQE how are they to be used?
More info you can find here: http://www.pnwenterprises.com/auslanco/

This forum is full of all kinds of information, you need to learn how to search it. Take the time and learn how.
Indicators show the past. Price Action "Indicates" the future.
  • #409
  • Mar 17, 2008 5:08pm Mar 17, 2008 5:08pm
Tks Jarroo I have it saved. You have been a big help. I'm not the most computer savvy but I can read a chart. Took over 385 pips from Sun - Today. Just have to build on consistency now.. Tks again.
Price does what price wants , I just need to be prepared.
  • #410
  • Mar 18, 2008 10:00pm Mar 18, 2008 10:00pm
did everyone on this thread go on vacation?
Price does what price wants , I just need to be prepared.
  • #411
  • Mar 20, 2008 12:10am Mar 20, 2008 12:10am
Price Action and S/R Levels. I am now using the Gann hi/lo (10) and QQE (5) for trend direction. When using Price Action with the trend the higher the probablity these trades become. Meaning : Bullish Price Action in an uptrend. Bearish Price Action in a downtrend.

Daily, 4 hour and hourly: Gann and QQE bearish. QQE on the hourly was bullish but bearish on the 4 hour.

Only taking the bottom of this Inside Bar (candle) on the 4 hour.

Enter short at 194.50 Result half at +153 pips other half +71 pips.
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Indicators show the past. Price Action "Indicates" the future.
  • #412
  • Mar 20, 2008 12:17am Mar 20, 2008 12:17am
4 hour Inside Bar. Entered short at 193.66. Result loss -75 pips.

4 hour gann and QQE: bearish

1 hour gann choppy and 1 hour QQE bullish.
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Indicators show the past. Price Action "Indicates" the future.
  • #413
  • Mar 20, 2008 12:31am Mar 20, 2008 12:31am
Price Action same Inside Bar. Entered 194.89, top of Inside Bar.

4 hour gann: Bearish. QQE turning Bullish.

1 hour: (almost perfect Aus Strategy), Gann turns bullish. QQE bullish.

Result. Exited whole position before news for +463 pips
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #414
  • Mar 20, 2008 12:58am Mar 20, 2008 12:58am
Current Price Action and S/R level.: Inside Bar 4 hour.

Daily and 4 hour gann Bearish. QQE neutral but below the 50 line.

1 hour at the gann and S/R level of 196.69. QQE neutral but below the 50 line.

I will only take the break on the bottom of the Inside Bar at 195.57.
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Indicators show the past. Price Action "Indicates" the future.
  • #415
  • Mar 20, 2008 1:30am Mar 20, 2008 1:30am
Quoting jarroo
Current Price Action and S/R level.: Inside Bar 4 hour.

Daily and 4 hour gann Bearish. QQE neutral but below the 50 line.

1 hour at the gann and S/R level of 196.69. QQE neutral but below the 50 line.

I will only take the break on the bottom of the Inside Bar at 195.57.
1 hour gann turned bullish. May take a hard break long off the S/R level of 196.69 with a tight s/l.

Higher time frames still bearish.

Update: Price broke the 196.69 and then fell back. Weak break for long trade. I need a strong break to go long.
No entry long.
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Indicators show the past. Price Action "Indicates" the future.
  • #416
  • Mar 20, 2008 1:34am Mar 20, 2008 1:34am
Quoting jarroo
1 hour gann turned bullish. May take a hard break long off the S/R level of 196.69 with a tight s/l.

Higher time frames still bearish.
Yea Hope So Bullish ...See it's 4-Hour Chart...But Im still waiting for some Important BreakUp...!!!
  • #417
  • Mar 20, 2008 2:23am Mar 20, 2008 2:23am
i like ur technique, keep it up. Buy d way, where is Karmo. waiting 4 ur precious analyses
  • #418
  • Mar 20, 2008 3:03am Mar 20, 2008 3:03am
Quoting ephisi
i like ur technique, keep it up. Buy d way, where is Karmo. waiting 4 ur precious analyses
Getting married. (poor guy)
Indicators show the past. Price Action "Indicates" the future.
  • #419
  • Mar 20, 2008 3:19am Mar 20, 2008 3:19am
Quoting jarroo
1 hour gann turned bullish. May take a hard break long off the S/R level of 196.69 with a tight s/l.

Higher time frames still bearish.

Update: Price broke the 196.69 and then fell back. Weak break for long trade. I need a strong break to go long.
No entry long.
That's what I'm talking about a hard break of a S/R level. Long at 196.76.
Indicators show the past. Price Action "Indicates" the future.
  • #420
  • Mar 20, 2008 3:19am Mar 20, 2008 3:19am
my triangle breakout alarm ringing, bulls may be winning here.lets see where d 1hr candle closes
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