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Karmo's trading strategy trading GBP/JPY

  • #501
  • Mar 28, 2008 1:24am Mar 28, 2008 1:24am
I ve use 3 kinds of candlestick recognation indicator.SO what candlestick recognation indicator do you use?
  • #502
  • Mar 31, 2008 11:05pm Mar 31, 2008 11:05pm
Anyone know when karmo is coming back?
Price does what price wants , I just need to be prepared.
  • #503
  • Apr 1, 2008 12:11am Apr 1, 2008 12:11am
Quoting PJkiller
Anyone know when karmo is coming back?
Couple of weeks.
Indicators show the past. Price Action "Indicates" the future.
  • #504
  • Apr 13, 2008 4:50am Apr 13, 2008 4:50am
I'm back

Let's get down to analysis, here's a daily GJ chart, after the big fall to 192.40, we can see price has retraced all the way back up to 78.6% where we also had the daily 50ema and the upper TL of the Daily downtrend channel, 205 was also a strong S/R on my chart. Now looking at the daily QQE, this past friday we got the 1st candle closed below the Daily Gann hilo, it indicates to me that there is more downside coming soon, even a new low is possible.

http://img99.imageshack.us/img99/4595/gjgz7.gif

Good luck everyone
Trade what you see, not what you think.
  • #505
  • Apr 13, 2008 5:10am Apr 13, 2008 5:10am
youre back.........
dont you think it will retrace till 204.50 back......or 203.00 or can you tell me it will retrace(before move down)till what?
  • #506
  • Apr 13, 2008 7:29am Apr 13, 2008 7:29am
I reckon that we are headed South
There is a H&S on the 4 hr - we are currently trying to break the neckline.
I reckon the reason it didn't was the G7 and possible expectation of a deal on the Dollar strength. That didn't happen.
The Dow is looking weak - it has ignored fundementals, 2 weeks ago appalling NFP numbers didn't register. A gap around 12100 needs to be filled and I think all this will send it to at least 12000. These considerations all will come to gether to a large fall.
I have my fingers crossed
  • #507
  • Apr 13, 2008 9:01am Apr 13, 2008 9:01am
Quoting B@by trader
youre back.........
dont you think it will retrace till 204.50 back......or 203.00 or can you tell me it will retrace(before move down)till what?
I don't know, look at your chart
Trade what you see, not what you think.
  • #508
  • Apr 13, 2008 9:06am Apr 13, 2008 9:06am
Karmo,

What's up brother Good to see you back.
Patience + Humility + Study = Success
  • #509
  • Apr 13, 2008 9:11am Apr 13, 2008 9:11am
Quoting DutchTrader
Karmo,

What's up brother Good to see you back.
Got married recently , It's great to be back here on FF and trade the beast with y'all
Trade what you see, not what you think.
  • #510
  • Apr 13, 2008 9:15am Apr 13, 2008 9:15am
Quoting karmostaji
I'm back

Let's get down to analysis,
Welcome back, Karmo. Hope you didn't mine that I hijacked your thread for a little awhile, a couple weeks ago. I figured that if I got some people to your thread and they read it from the beginning, they would benefit.

Good to see you back,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #511
  • Apr 13, 2008 9:21am Apr 13, 2008 9:21am
someone what do you think will gj retrace back to 204
  • #512
  • Apr 13, 2008 9:55am Apr 13, 2008 9:55am
Quoting B@by trader
someone what do you think will gj retrace back to 204
Why? Have you looked at the chart?

Quoting Karmostaji
Got married recently , It's great to be back here on FF and trade the beast with y'all
Congratulations Brother
Patience + Humility + Study = Success
  • #513
  • Apr 13, 2008 10:55am Apr 13, 2008 10:55am
Quoting karmostaji
Got married recently , It's great to be back here on FF and trade the beast with y'all
Congrats again, Karmo! Hope you had a good time and it was not too hectic!

Have a good week!
Gnat - Matt
  • #514
  • Apr 13, 2008 10:55am Apr 13, 2008 10:55am
Quoting karmostaji
Got married recently , It's great to be back here on FF and trade the beast with y'all
ahln wa shaln mabrok
  • #515
  • Apr 13, 2008 11:20am Apr 13, 2008 11:20am
Quoting jarroo
Welcome back, Karmo. Hope you didn't mine that I hijacked your thread for a little awhile, a couple weeks ago. I figured that if I got some people to your thread and they read it from the beginning, they would benefit.

Good to see you back,

Jim
Thanks jarroo, I'm glad you continued posting, I'd like to see you continue to post your valuable inputs and excellent charts
Quoting DutchTrader
Congratulations Brother
Quoting Gnat
Congrats again, Karmo! Hope you had a good time and it was not too hectic!

Have a good week!
Gnat - Matt
Quoting khaled22
ahln wa shaln mabrok
Thanks guys appreciate it
Trade what you see, not what you think.
  • #516
  • Apr 13, 2008 12:34pm Apr 13, 2008 12:34pm
Quoting Jav1900
I reckon that we are headed South
There is a H&S on the 4 hr - we are currently trying to break the neckline.
I reckon the reason it didn't was the G7 and possible expectation of a deal on the Dollar strength. That didn't happen.
The Dow is looking weak - it has ignored fundementals, 2 weeks ago appalling NFP numbers didn't register. A gap around 12100 needs to be filled and I think all this will send it to at least 12000. These considerations all will come to gether to a large fall.
I have my fingers crossed
The G7 apparently gave some indications for Dollar to strengthen because the Euro is below 1.57 and the GJ is above 199 on quotes I'm seeing at xe.com
Patience + Humility + Study = Success
  • #517
  • Apr 13, 2008 12:49pm Apr 13, 2008 12:49pm
Quoting DutchTrader
The G7 apparently gave some indications for Dollar to strengthen because the Euro is below 1.57 and the GJ is above 199 on quotes I'm seeing at xe.com

Must be a typo because I see 1.00115 for the USD/CHF
  • #518
  • Apr 13, 2008 8:58pm Apr 13, 2008 8:58pm
Couple of Inside Bars (candles) on the Weekly chart. The Weekly is in an obvious downtrend, so a break of the bottom of the Inside Bars looks to be a higher probability trade.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #519
  • Apr 13, 2008 8:59pm Apr 13, 2008 8:59pm
How they (Weekly IBs) look on the Daily chart.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #520
  • Apr 13, 2008 9:11pm Apr 13, 2008 9:11pm
4 hour chart with Weekly IBs.

Yes, I did take that easy trade long at 201.73.
Price Action + Patience + High Time Frames =
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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