Karmo's trading strategy trading GBP/JPY | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

simplest strategy for GBP/ JPY 101 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

strategy HILO on GBP/JPY 406 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Attachments: Karmo's trading strategy trading GBP/JPY
Exit Attachments

Karmo's trading strategy trading GBP/JPY

  • #641
  • Sep 11, 2008 4:50am Sep 11, 2008 4:50am
Quoting jarroo
You up about 2700 pips on the G/J so far Karmo?

I'm developing a "Karmo Alert" on my computer. When ever you post on the forum, Red lights aand Sirens start going off throughout my house.
lol I've been shorting every rally this beast has made, enjoying them green pips

How have you been bro? and how's trading?
Trade what you see, not what you think.
  • #642
  • Sep 11, 2008 4:56am Sep 11, 2008 4:56am
Quoting karmostaji
lol I've been shorting every rally this beast has made, enjoying them green pips

How have you been bro? and how's trading?
It's going pretty good. Work, family and friends (Life) have me missing a lot of trades lately. It's tough peeking in on my charts seeing missed opportunities. Things should be calming down soon. But I'm having a blast as aways.
Indicators show the past. Price Action "Indicates" the future.
  • #643
  • Sep 11, 2008 4:58am Sep 11, 2008 4:58am
Quoting jarroo
It's going pretty good. Work, family and friends (Life) have me missing a lot of trades lately. It's tough peeking in on my charts seeing missed opportunities. Things should be calming down soon. But I'm having a blast as aways.
Have no worries, the market will always be here for us to trade
Trade what you see, not what you think.
  • #644
  • Sep 11, 2008 5:00am Sep 11, 2008 5:00am
Quoting karmostaji
Have no worries, the market will always be here for us to trade
Absolutely. Its great.
Indicators show the past. Price Action "Indicates" the future.
  • #645
  • Sep 11, 2008 5:17am Sep 11, 2008 5:17am
15m QQE has already crossed up but price is trading below the 15m gann hilo

This is usually an indication of bearish continuation, we just have to wait for the 15m QQE to get itself out of oversold levels.

Patience
Trade what you see, not what you think.
  • #646
  • Sep 11, 2008 5:23am Sep 11, 2008 5:23am
Breaking these Lows . . . look out belowwwww.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #647
  • Sep 11, 2008 7:58am Sep 11, 2008 7:58am
Quoting karmostaji
I'd like to see UJ break 106.70 level, then GJ will tank even more.
It seems like it has broken that support, more bearishness to come for GJ
Trade what you see, not what you think.
  • #648
  • Sep 11, 2008 8:00am Sep 11, 2008 8:00am
Quoting karmostaji
15m QQE has already crossed up but price is trading below the 15m gann hilo

This is usually an indication of bearish continuation, we just have to wait for the 15m QQE to get itself out of oversold levels.

Patience
15m QQE crossed down with a candle below it's gann, it's time for bearish continuation just as expected.
Trade what you see, not what you think.
  • #649
  • Sep 11, 2008 8:46am Sep 11, 2008 8:46am
Quoting karmostaji
Price is trading below 4h gann hilo and the new 4h momentum is bearish

An hourly close below 187.50 and this beast should make a new low easily.
187.50 was broken, the re-tested and here we have a new low
Trade what you see, not what you think.
  • #650
  • Edited 9:03am Sep 11, 2008 8:50am | Edited 9:03am
Quoting karmostaji
187.50 was broken, the re-tested and here we have a new low
Did some one doubt you? Foolish mortals.

Broken the lowwwss. Look outtt belowwww.
Indicators show the past. Price Action "Indicates" the future.
  • #651
  • Sep 11, 2008 8:58am Sep 11, 2008 8:58am
Quoting karmostaji
15m QQE crossed down with a candle below it's gann, it's time for bearish continuation just as expected.

How low GJ will go mr.Karmo..?
and for how long..?


thanks
  • #652
  • Sep 11, 2008 9:00am Sep 11, 2008 9:00am
Quoting Fiesta_id
How low GJ will go mr.Karmo..?
and for how long..?


thanks
Until the signals tell him to go long. No time table.
Indicators show the past. Price Action "Indicates" the future.
  • #653
  • Sep 11, 2008 9:01am Sep 11, 2008 9:01am
Quoting Fiesta_id
How low GJ will go mr.Karmo..?
and for how long..?


thanks
Until the charts tell me otherwise, that is for how long

and how low, I'd say 183, 180, 176 ...choose 1
Trade what you see, not what you think.
  • #654
  • Sep 11, 2008 11:48am Sep 11, 2008 11:48am
I know many people have been asking me about the QQE and Gann hilo..

so here I have put all of auslanco's indicator on one chart and made a template
Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 2,512 downloads
File Type: ex4 ###QQE_Alert_MTF_v5###.ex4   19 KB | 2,424 downloads
File Type: tpl auslanco.tpl   3 KB | 2,277 downloads
Trade what you see, not what you think.
  • #655
  • Sep 11, 2008 2:27pm Sep 11, 2008 2:27pm
1h QQE has crossed upwards but price is trading below 1h gann, this is an indication of bearish continuation movement as long as price is trading below 4h gann hilo.

Patience
Trade what you see, not what you think.
  • #656
  • Sep 11, 2008 3:28pm Sep 11, 2008 3:28pm
Quoting karmostaji
1h QQE has crossed upwards but price is trading below 1h gann, this is an indication of bearish continuation movement as long as price is trading below 4h gann hilo.

Patience

Karmo I respect you as a fellow trader and do not want to step on your toes here. I think you are great at what you do and with the sharing you give. In fact I got into it with 4x trader the other day when he was putting you down as i was defending your honour.


Just a freindly note to watch that bullish divergence on the 4 hour off the double bottom. I am not 100% sure but something tells me this may be heading up.

I have a 1-2-3 buy formation on a 15 min and this could take it up to 189 tonight if 187 holds.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
Blogging daily now at www.volume.zone
  • #657
  • Sep 12, 2008 5:26am Sep 12, 2008 5:26am
Quoting malcolmb14
Karmo I respect you as a fellow trader and do not want to step on your toes here. I think you are great at what you do and with the sharing you give. In fact I got into it with 4x trader the other day when he was putting you down as i was defending your honour.


Just a freindly note to watch that bullish divergence on the 4 hour off the double bottom. I am not 100% sure but something tells me this may be heading up.

I have a 1-2-3 buy formation on a 15 min and this could take it up to 189 tonight if 187 holds.
Thanks for defending me the other day malcolmb, I appreciate it. and thanks for your analysis.

I did say that we might see bearish continuation as long as price remains below 4h gann hilo but price did close above it so it is bullish for the short-term, anyways I had lots of profits locked in so I had no problems at all

Good luck trading bro
Trade what you see, not what you think.
  • #658
  • Sep 12, 2008 5:43am Sep 12, 2008 5:43am
4h 50ema is @ 190.70 providing resistance for now

If price manages to close below 1h gann hilo and 1h QQE crosses downwards, I would take a short.
Trade what you see, not what you think.
  • #659
  • Sep 12, 2008 11:12am Sep 12, 2008 11:12am
I'll be watching the Daily chart, if we get a Daily candle close above the Daily gann hilo, I'll be bullish GJ and my target will be a Daily correction of 50% fibo.
Trade what you see, not what you think.
  • #660
  • Sep 12, 2008 11:21am Sep 12, 2008 11:21am
I took a short at Daily Gann 192.62 with a tight stop loss (50 pips). I wonder where I learned that.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
4 traders viewing now