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Karmo's trading strategy trading GBP/JPY

  • #441
  • Mar 24, 2008 6:36pm Mar 24, 2008 6:36pm
Quoting ephisi
beautiful and sweet set up there, if i had seen dat setup i would have taken dat trade even without d fib. good job bro
Don't be quick to dismiss the Fibs. Karmo has proved their effectiveness. The important point here is that we are looking for a confluence of events to give us a high probablity trade. In this case: Price Action, Fibs, trendline and later the gann & qqe.
Indicators show the past. Price Action "Indicates" the future.
  • #442
  • Mar 24, 2008 6:44pm Mar 24, 2008 6:44pm
cool bro, i wasnt dissmising it. set up just looked too sweet on d 1hr and 4hr,trendline, price action, qqe and gann. there was no fib on my charts but ill make good use of them now.
  • #443
  • Mar 24, 2008 6:46pm Mar 24, 2008 6:46pm
Quoting ephisi
cool bro, i wasnt dissmising it. set up just looked too sweet on d 1hr and 4hr,trendline, price action, qqe and gann. there was no fib on my charts but ill make good use of them now.
Indicators show the past. Price Action "Indicates" the future.
  • #444
  • Mar 24, 2008 6:47pm Mar 24, 2008 6:47pm
chart. tried posting d GU chart but wont work. jaroo, how come i see u more in asia than london. i waited 4 your opinion today but didnt see u here nor Aus thread. is Asia your main trading session?
  • #445
  • Mar 24, 2008 6:56pm Mar 24, 2008 6:56pm
Quoting ephisi
chart. tried posting d GU chart but wont work. jaroo, how come i see u more in asia than london. i waited 4 your opinion today but didnt see u here nor Aus thread. is Asia your main trading session?
I usually trade the London 90% of the time. My trading times have been scattered lately due to my work schedule.
Indicators show the past. Price Action "Indicates" the future.
  • #446
  • Mar 24, 2008 7:14pm Mar 24, 2008 7:14pm
seems to be too much noise on Aus thread, so i followed karmo here. nice to meet you, i have added ur DBHLC and DBLHC and inside bar concept to my trading.thanks 4 ur sharing and hope to learn more
  • #447
  • Mar 24, 2008 7:22pm Mar 24, 2008 7:22pm
Quoting jarroo
I usually trade the London 90% of the time. My trading times have been scattered lately due to my work schedule.
what do u guys see on this pair now?
  • #448
  • Mar 24, 2008 7:28pm Mar 24, 2008 7:28pm
Quoting ayour2a
what do u guys see on this pair now?
Ranging, you may want to stay away till frankfurt, london
  • #449
  • Mar 24, 2008 7:30pm Mar 24, 2008 7:30pm
Quoting ephisi
seems to be too much noise on Aus thread, so i followed karmo here. nice to meet you, i have added ur DBHLC and DBLHC and inside bar concept to my trading.thanks 4 ur sharing and hope to learn more
You can learn more about Price Action here at the James16 Chart Thread
http://www.forexfactory.com/showthread.php?t=2331

I feel its a must, for all traders.
Indicators show the past. Price Action "Indicates" the future.
  • #450
  • Mar 24, 2008 7:43pm Mar 24, 2008 7:43pm
  • #451
  • Mar 24, 2008 8:12pm Mar 24, 2008 8:12pm
Quoting jarroo
I've locked in at break even on my 1.9770 entry. I may add to my position at on a hard break and then support of the 1.9880 (top of the Pin Bar)

4 hour chart shows a spinning top (an indecision formation). A break down at the bottom of this candle, I will take half position in profits and other half will stay at break even.
I have added to my winning position at 1.9885.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #452
  • Mar 24, 2008 8:50pm Mar 24, 2008 8:50pm
Missed the break of the Inside Bar on the 4 hour. Looking for a retrace to enter long
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #453
  • Mar 24, 2008 9:25pm Mar 24, 2008 9:25pm
Quoting jarroo
Daily Pin Bar at the 61.8 Fib. Possible short term trend reversal or long term trend continuation on GBPUSD.
Pin Bar on the Daily GBPUSD is showing it's true power.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #454
  • Mar 24, 2008 9:51pm Mar 24, 2008 9:51pm
Quoting jarroo
Missed the break of the Inside Bar on the 4 hour. Looking for a retrace to enter long
Entered at retrace and rebreak of the Inside Bar at 200.15 and 200.28
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #455
  • Mar 24, 2008 10:17pm Mar 24, 2008 10:17pm
Quoting jarroo
Entered at retrace and rebreak of the Inside Bar at 200.15 and 200.28
hello jarroo, i like to follow your trade also i am new to trade pls, put more deails so i can follow



thx
Suman
  • #456
  • Mar 25, 2008 12:44am Mar 25, 2008 12:44am
Quoting suman
hello jarroo, i like to follow your trade also i am new to trade pls, put more deails so i can follow



thx
Suman

jaroo is not giving trade calls, trade at your own risk.if u take dem, do it on Demo
  • #457
  • Mar 25, 2008 12:53am Mar 25, 2008 12:53am
jaroo,goodmorning. i was asleep. its 6.48am here. just woke up to my charts.

UJ seems to be pulling GJ with it.GU is holding well. i cannot truly say if dis is a retracement or a reversal. based on my analyses i woud have shorted at 200.01 for some pips. I will not be going short until i have a 1hr close below d 1hr 50ema. 4 now im on d sidelines even if i dont get d pips down to 1hr 50
  • #458
  • Mar 25, 2008 1:26am Mar 25, 2008 1:26am
You and others have menition that before. My mistake. Must add to my notes in bold letters. Plus a series of small, reversal candles on the 4 hour. I should of known. Live and learn to trade another day.
Still hanging on with my 200.15 and 200.28 long position. I'll hedge at 199.20 because there will probably be another attempt at the Daily gann.

Thanks GedfreyH,

Jaroo, i saw ur post at d other thread, Price tends to bounce on d 30min,1hr, 4hr, daily, monthly and sometimes 15min gann. dats y karmo stessed their importance to u.

I personally trade d 4hr and 1hr gann bounce, i use d cross or bounce of d 15mins as a heads up 4 trade. just tot u should know
  • #459
  • Mar 25, 2008 1:28am Mar 25, 2008 1:28am
Quoting ephisi
jaroo,goodmorning. i was asleep. its 6.48am here. just woke up to my charts.

UJ seems to be pulling GJ with it.GU is holding well. i cannot truly say if dis is a retracement or a reversal. based on my analyses i woud have shorted at 200.01 for some pips. I will not be going short until i have a 1hr close below d 1hr 50ema. 4 now im on d sidelines even if i dont get d pips down to 1hr 50
I made some mistakes on my GBPJPY trade I'll wait for the London open to decide on my position.

Catching the Pin Bar retrace on the Daily GBPUSD has proved very successful.
Price Action on higher time frames RULES!

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #460
  • Mar 25, 2008 1:46am Mar 25, 2008 1:46am
Ur GU trade was good. u wont believe, d UJ down move was a bounce off d daily gann. GJ didnt bounce of d daily gann. daily gann was 20pips away, but it is still valid as a bounce. all im saying is dat d UJ gann bounce was what brought GJ down. im bullish bias if UJ statrs showing bull signs based on qqes and gann action
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