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Karmo's trading strategy trading GBP/JPY

  • #741
  • Sep 24, 2008 3:16am Sep 24, 2008 3:16am
Quoting Obaidah
good morning
saba7 il5air & Good morning
Trade what you see, not what you think.
  • #742
  • Sep 24, 2008 3:17am Sep 24, 2008 3:17am
LOL, i think i just confused the beast. its wedged between my line (red) and karmo's line (blue)

but i am with you on long karmo. another thing i see is on my charts, qqe on 4h is crossed down but price trading above gan. which i have learn't from you that it usualy means price continuation. thanks teacher.
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  • #743
  • Sep 24, 2008 3:18am Sep 24, 2008 3:18am
Quoting karmostaji
saba7 il5air & Good morning
saba7 al noor
I recommend you read something else as this sentence is now concluded.
  • #744
  • Sep 24, 2008 3:28am Sep 24, 2008 3:28am
Quoting Macedonia
LOL, i think i just confused the beast. its wedged between my line (red) and karmo's line (blue)

but i am with you on long karmo. another thing i see is on my charts, qqe on 4h is crossed down but price trading above gan. which i have learn't from you that it usualy means price continuation. thanks teacher.
sory here is my 4h chart.
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  • #745
  • Sep 24, 2008 6:41am Sep 24, 2008 6:41am
Karmo, are you still long and popping patience pills?
  • #746
  • Sep 24, 2008 6:46am Sep 24, 2008 6:46am
Quoting TraderStar
Karmo, are you still long and popping patience pills?
Yes, either my SL gets hit or we reach the Daily 50ema (198.60)
Trade what you see, not what you think.
  • #747
  • Sep 24, 2008 7:04am Sep 24, 2008 7:04am
Quoting karmostaji
Yes, either my SL gets hit or we reach the Daily 50ema (198.60)
Hi Karmo,
My Sl was 196.27 and got hit.Would you tell us where is your SL if you don't mind.
Always my SL get hit and then price turn around.

Thanks
Mike
Failure, is a wonderful teacher!
  • #748
  • Sep 24, 2008 7:07am Sep 24, 2008 7:07am
Quoting mike1349
Hi Karmo,
My Sl was 196.27 and got hit.Would you tell us where is your SL if you don't mind.
Always my SL get hit and then price turn around.

Thanks
Mike
Mine just got hit as well, 1% is no big deal.. let's move on

4h candle closed back below 200ema, I'll watch and see if the 1h 50ema will break this time or not, it has been holding up quiet nicely till now.
Trade what you see, not what you think.
  • #749
  • Sep 24, 2008 7:10am Sep 24, 2008 7:10am
4h chart still shows that we are trading in the range of 195-197, no true breakout.
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #750
  • Sep 24, 2008 8:09am Sep 24, 2008 8:09am
Back in no man's land (sigh)

I just could not see it as a long or a breakout .. especially the consolidation on the 5' and 15'. I wasn't around at London open, arrived around 11 am London time and it just was looking so toppy to me. Probably a lucky guess .
  • #751
  • Sep 24, 2008 1:25pm Sep 24, 2008 1:25pm
1h 50ema is still acting as a support..
Trade what you see, not what you think.
  • #752
  • Sep 25, 2008 12:05am Sep 25, 2008 12:05am
Let's see what London has to say..

if 4h 200ema breaks and 197 as well, I'm going to try another long
Trade what you see, not what you think.
  • #753
  • Sep 25, 2008 12:07am Sep 25, 2008 12:07am
Quoting karmostaji
1h 50ema is still acting as a support..
this is a pretty strong support, price hasn't been able to break it but if broken then I'll go short.
Trade what you see, not what you think.
  • #754
  • Sep 25, 2008 12:32am Sep 25, 2008 12:32am
Quoting karmostaji
Let's see what London has to say..

if 4h 200ema breaks and 197 as well, I'm going to try another long
Karmo;maybe i have never been this patient since i was born.Glad to see myself be.
  • #755
  • Sep 25, 2008 1:56am Sep 25, 2008 1:56am
Quoting femzy112
Karmo;maybe i have never been this patient since i was born.Glad to see myself be.
I'm a swing trader and these past 2-3 days is just not for me, I'm waiting for 197 to break or the 1h 50ema to break.

It's better to stay aside in this ranging period
Trade what you see, not what you think.
  • #756
  • Sep 25, 2008 2:25am Sep 25, 2008 2:25am
I see this wedge as well on the 1h/4h chart, waiting for the breakout..
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Trade what you see, not what you think.
  • #757
  • Sep 25, 2008 2:53am Sep 25, 2008 2:53am
I wanted to speculate that too; but the question is that when will it break it & also the slow momentum.
  • #758
  • Sep 25, 2008 3:02am Sep 25, 2008 3:02am
hi karmo jan
for taking long positions please note that daily QQE5 is around 50 line and strays there for few days...maybe price back downward form here...

regrads
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  • #759
  • Sep 25, 2008 3:05am Sep 25, 2008 3:05am
Quoting shahroodi
hi karmo jan
for taking long positions please note that daily QQE5 is around 50 line and strays there for few days...maybe price back downward form here...

regrads
Yes definitely, I've been saying that a lot in auslanco's thread, I will be short big time when the Daily crosses back down because that should take us to 180/176 area
Trade what you see, not what you think.
  • #760
  • Sep 25, 2008 3:10am Sep 25, 2008 3:10am
Quoting karmostaji
Yes definitely, I've been saying that a lot in auslanco's thread, I will be short big time when the Daily crosses back down because that should take us to 180/176 area
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