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Karmo's trading strategy trading GBP/JPY

  • #661
  • Sep 13, 2008 1:35pm Sep 13, 2008 1:35pm
Quoting jarroo
I took a short at Daily Gann 192.62 with a tight stop loss (50 pips). I wonder where I learned that.
I was asked what was the outcome of this trade. It was 0 pips. I entered short at 192.62 as Price hit the Daily Gann.
When Price bounced down, I took half off of my position at 50 pips and left the other half at my s/l. Price came back and took out my s/l for net 0 pips.
Indicators show the past. Price Action "Indicates" the future.
  • #662
  • Sep 15, 2008 1:22am Sep 15, 2008 1:22am
Hmmmm.. so quiet here.., anybody here.....??
  • #663
  • Sep 15, 2008 7:02am Sep 15, 2008 7:02am
4h QQE has crossed down and we just got a candle close below 4h gann hilo

I expect bearishness to continue and very high possibility of seeing new lows today/tomorrow
Trade what you see, not what you think.
  • #664
  • Sep 15, 2008 7:55am Sep 15, 2008 7:55am
Quoting karmostaji
4h QQE has crossed down and we just got a candle close below 4h gann hilo

I expect bearishness to continue and very high possibility of seeing new lows today/tomorrow
Karmo, do you thing GJ will touch 186..?
How low GL will go..? lol...
  • #665
  • Sep 15, 2008 8:01am Sep 15, 2008 8:01am
Quoting Fiesta_id
Karmo, do you thing GJ will touch 186..?
How low GL will go..? lol...
I don't know, we must see how NY reacts to all the bad news and if the Fed will do anything to help the markets.
Trade what you see, not what you think.
  • #666
  • Sep 15, 2008 8:12am Sep 15, 2008 8:12am
Quoting karmostaji
I don't know, we must see how NY reacts to all the bad news and if the Fed will do anything to help the markets.
Thanks Karmo..!
let see what happen next..
  • #667
  • Sep 18, 2008 4:33am Sep 18, 2008 4:33am
Look how we are in a Daily range of 500-600 pips, look at how QQE has crossed up and getting out of the lower levels but price is not moving higher everyday, price is bouncing up and down like nuts.

I've seen many setups like this on smaller TF's, so if this setup works like I think it should then once Daily QQE crosses back down, GJ will tank towards the Monthly trendline around 176 if not lower.

I will enter once I get confirmation, no need to rush in.

1 more thing, you don't have to believe me because I could be wrong as well.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Trade what you see, not what you think.
  • #668
  • Sep 20, 2008 8:23pm Sep 20, 2008 8:23pm
after wild movement last Friday, now.. what will happen to GJ on next Monday?
do you have any analyze..?

Thanks Karmo
  • #669
  • Sep 22, 2008 12:10am Sep 22, 2008 12:10am
Ok I see last week got interesting by the end of the week, the Feds came out to play.
Price is currently in a nice bullish channel on the 1h chart, 193.50 area is a good S/R level, 1h 50ema and also the LT of the channel, and 4h gann hilo

If price gets there and starts bouncing a bit, I would take a long definitely and targeting Daily 50ema which is around 199 or so.

But if we get 4h QQE to cross down and a 4h candle closes below 4h gann, I'll go short

Other than that, I stay out
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
Trade what you see, not what you think.
  • #670
  • Sep 22, 2008 12:42am Sep 22, 2008 12:42am
Hey Karmo i heard you have been ill.Nice to see you back .I hope you are stronger buddie
  • #671
  • Sep 22, 2008 5:22am Sep 22, 2008 5:22am
Quoting femzy112
Hey Karmo i heard you have been ill.Nice to see you back .I hope you are stronger buddie
Thanks buddie
Trade what you see, not what you think.
  • #672
  • Sep 22, 2008 5:24am Sep 22, 2008 5:24am
We have candles above the 1h Gann hilo, but I'm waiting for the 1h QQE to cross upwards and we should see some new high's.

I will only go short if we get a 4h close below 4h Gann hilo.

Price is also trading above the 50ema and inside the bullish channel on 1h TF.
Trade what you see, not what you think.
  • #673
  • Sep 22, 2008 5:37am Sep 22, 2008 5:37am
The 15m QQE crossed downwards but price is trading above the 15m gann hilo, this is also usually a sign of trend continuation which is bullish in this scenario.

Everything is lining up quiet nicely for some nice bullish action.
Trade what you see, not what you think.
  • #674
  • Sep 22, 2008 6:05am Sep 22, 2008 6:05am
Quoting karmostaji
We have candles above the 1h Gann hilo, but I'm waiting for the 1h QQE to cross upwards and we should see some new high's.

I will only go short if we get a 4h close below 4h Gann hilo.

Price is also trading above the 50ema and inside the bullish channel on 1h TF.
It's also well above the 100. I hope it stays long, will be nice to get some positive swap again
I'm glad you're posting in here again.
  • #675
  • Sep 22, 2008 6:07am Sep 22, 2008 6:07am
Quoting TraderStar
It's also well above the 100. I hope it stays long, will be nice to get some positive swap again
I'm glad you're posting in here again.
Posting here should be better and also easier for the people who want to actually learn the strategy.

The other thread has a lot of noise and many people posting 1m/3m/5m/15m scalps, insanity lol
Trade what you see, not what you think.
  • #676
  • Sep 22, 2008 6:14am Sep 22, 2008 6:14am
Quoting karmostaji
Posting here should be better and also easier for the people who want to actually learn the strategy.

The other thread has a lot of noise and many people posting 1m/3m/5m/15m scalps, insanity lol
  • #677
  • Sep 22, 2008 6:27am Sep 22, 2008 6:27am
Quoting karmostaji
Posting here should be better and also easier for the people who want to actually learn the strategy.

The other thread has a lot of noise and many people posting 1m/3m/5m/15m scalps, insanity lol
Not a bad idea karmo, i trade based on Aus techniques. I hope i am welcome to post here. it would be fun if those strictly using Aus system stick together. That way everyone trades based on Aus
  • #678
  • Sep 22, 2008 6:29am Sep 22, 2008 6:29am
Quoting ephisi
Not a bad idea karmo, i trade based on Aus techniques. I hope i am welcome to post here. it would be fun if those strictly using Aus system stick together. That way everyone trades based on Aus
Welcome ephisi, post away bro
Trade what you see, not what you think.
  • #679
  • Sep 22, 2008 6:48am Sep 22, 2008 6:48am
Quoting karmostaji
Posting here should be better and also easier for the people who want to actually learn the strategy.

The other thread has a lot of noise and many people posting 1m/3m/5m/15m scalps, insanity lol
hi karmo jan
long time not see you..just come to say hello and say that your idea is very good to post here instead of other thread i'll back up you
keep up your good work my buddhttp://qsmile.com/qsimages/157.gif http://qsmile.com/qsimages/157.gif


regards
  • #680
  • Sep 22, 2008 6:51am Sep 22, 2008 6:51am
Quoting shahroodi
hi karmo jan
long time not see you..just come to say hello and say that your idea is very good to post here instead of other thread i'll back up you
keep up your good work my buddhttp://qsmile.com/qsimages/157.gif http://qsmile.com/qsimages/157.gif


regards
Salam shahroodi
It's been a long time, you are one busy man nowadays I hope you are doing well bro , thanks for support
Trade what you see, not what you think.
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