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Karmo's trading strategy trading GBP/JPY

  • #561
  • May 12, 2008 9:41am May 12, 2008 9:41am
Quoting karmostaji
1st TP reached!
Karmo is back. Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #562
  • May 12, 2008 12:52pm May 12, 2008 12:52pm
203.60 seems to be a tough S/R just like I expected, now let's wait for the new daily momentum, if it turns out to be bearish then the retracement IMO is over and downtrend shall continue towards 196 area
Trade what you see, not what you think.
  • #563
  • May 13, 2008 5:23am May 13, 2008 5:23am
nice to have Karmo back again, was here to rub minds with your ever blazing analysis
thanks and hope you stay ...
ngpay
  • #564
  • May 13, 2008 6:03am May 13, 2008 6:03am
Quoting karmostaji
203.60 seems to be a tough S/R just like I expected, now let's wait for the new daily momentum, if it turns out to be bearish then the retracement IMO is over and downtrend shall continue towards 196 area
Ok price came down but only to the 4H gann and we are having a bounce up now, if price closes above the 1H gann hilo then price will move to a new higher which should be around the 50% fib 204.38
Trade what you see, not what you think.
  • #565
  • May 14, 2008 6:38am May 14, 2008 6:38am
I am a newbie here. I am seeing what appears to be a bearish divergence on the GBPJPY 1hr chart, what do you say?
  • #566
  • May 14, 2008 7:11am May 14, 2008 7:11am
1H QQE has not crossed down yet, if it does and a candle is formed below the 1H gann hilo then to me that's a good signal to go short
Trade what you see, not what you think.
  • #567
  • May 14, 2008 7:51am May 14, 2008 7:51am
Quoting karmostaji
1H QQE has not crossed down yet, if it does and a candle is formed below the 1H gann hilo then to me that's a good signal to go short
Karmo im still new here...can you post charts when describe
  • #568
  • May 14, 2008 8:29am May 14, 2008 8:29am
Quoting karmostaji
1H QQE has not crossed down yet, if it does and a candle is formed below the 1H gann hilo then to me that's a good signal to go short
OK Thanks Karmo, I'll keep an eye on that 1h Gann. Have a great day
  • #569
  • May 14, 2008 8:41am May 14, 2008 8:41am
anyone can you tell me what is the setting of QQE that karmo use?
  • #570
  • May 14, 2008 2:54pm May 14, 2008 2:54pm
Quoting B@by trader
anyone can you tell me what is the setting of QQE that karmo use?
Smoothing factor: 5
Trade what you see, not what you think.
  • #571
  • May 15, 2008 11:32am May 15, 2008 11:32am
Quoting karmostaji
Smoothing factor: 5
in timeframe?
  • #572
  • May 15, 2008 1:15pm May 15, 2008 1:15pm
Quoting B@by trader
in timeframe?
That's the setting

I use the 1H, 4H, and the Daily TF
Trade what you see, not what you think.
  • #573
  • May 16, 2008 5:57am May 16, 2008 5:57am
today the Gj rose up midly only go slow down on weak data. price opening today on candle stick looks like an hammer that could finally break the 100% fibo retracement which is the short term resistance, after the breaking of 100% fibo, i expact the price to find its bearing at least 30 pips after this point, if no major great britain price mover is out then we could beuy for the whole day.daily macd and 4 hrs showing change in thrend is starting, momentum is forming another double bottom.and the pivot point for today is already broken , i see a move in upward at least for the next 4hrs, once the next 4hr candle opens above then long buyers are still in the game.
action bias for today is also neutral turned upwards
.
good luck, would like as many as possible contribution and arguement
ngpay
  • #574
  • May 16, 2008 6:44am May 16, 2008 6:44am
Quoting karmostaji
That's the setting

I use the 1H, 4H, and the Daily TF
so your entry is base on all of the tf not one?right?
  • #575
  • May 16, 2008 7:08am May 16, 2008 7:08am
Quoting B@by trader
so your entry is base on all of the tf not one?right?
yes
Trade what you see, not what you think.
  • #576
  • May 17, 2008 6:25pm May 17, 2008 6:25pm
Quoting karmostaji
yes
can you post your chart?
  • #577
  • May 25, 2008 10:25pm May 25, 2008 10:25pm
.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
Trade what you see, not what you think.
  • #578
  • May 26, 2008 8:49pm May 26, 2008 8:49pm
Assalamu'alaikum Karmo..
I am from Indonesia and i always you GJ pair in my trade. I am very glad that you share to me abaou it. Karmo.. please explained me about the indikator you used, especially Fibo and Resistance/support level....
Many thanks.
Wassalamu'alaikum...
  • #579
  • May 28, 2008 4:49am May 28, 2008 4:49am
Tell me, why are the JPY pairs so weak, who is selling them there is no reason at all for the weakness.


Alex

Quoting karmostaji
.
  • #580
  • May 28, 2008 4:50am May 28, 2008 4:50am
Quoting AlexFX
Tell me, why are the JPY pairs so weak, who is selling them there is no reason at all for the weakness.


Alex
I don't know why, I don't even try to think about such stuff

I just follow the chart and make those green pips and enjoy them, that's all
Trade what you see, not what you think.
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