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Karmo's trading strategy trading GBP/JPY

  • #841
  • Oct 7, 2008 5:38am Oct 7, 2008 5:38am
Quoting belekas
If 15 min QQE cross up and we get a candle close above 15m gann, would you engage a long position? Yes i see 4hr QQE. I think some pattern ir beying constructed. I see broadening triangles on GJ, EJ and UJ.
maybe, but I see bearish setup on 5m and IMO it should play out. You could take a long if u get a 15m signal but I don't feel safe going long unless for a scalp.
Trade what you see, not what you think.
  • #842
  • Oct 7, 2008 5:39am Oct 7, 2008 5:39am
Quoting jarroo
Within 20-30 pips understandable.

Patience my brother. Just kidding.
Don't miss the train bro
Trade what you see, not what you think.
  • #843
  • Oct 7, 2008 5:39am Oct 7, 2008 5:39am
Quoting karmostaji
Don't miss the train bro
Short at 177.98.
Indicators show the past. Price Action "Indicates" the future.
  • #844
  • Oct 7, 2008 5:40am Oct 7, 2008 5:40am
Quoting karmostaji
maybe, but I see bearish setup on 5m and IMO it should play out. You could take a long if u get a 15m signal but I don't feel safe going long unless for a scalp.
Karmo,

Do you think GJ might test yesterday lows 174?
Do not follow my trades. Trade what you see on your own charts.
  • #845
  • Oct 7, 2008 5:41am Oct 7, 2008 5:41am
Quoting igmak
Karmo,

Do you think GJ might test yesterday lows 174?
once 1h QQE confirms crossing down, yes that is my 1st target.
Trade what you see, not what you think.
  • #846
  • Oct 7, 2008 6:15am Oct 7, 2008 6:15am
15m QQE crossed up and candle closed above 15m gann
  • #847
  • Oct 7, 2008 6:19am Oct 7, 2008 6:19am
Quoting belekas
15m QQE crossed up and candle closed above 15m gann
yep but I see a bearish flag on 5m/15m charts so I'm not going long, will wait for the flag to break.
Trade what you see, not what you think.
  • #848
  • Oct 7, 2008 6:25am Oct 7, 2008 6:25am
Quoting karmostaji
yep but I see a bearish flag on 5m/15m charts so I'm not going long, will wait for the flag to break.
Yes its possible. Im observing a possible ascending broadening formation. Still its only my wild guess, so lets wait and see what NY brings.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_m15_broadening_070909.jpg Size: 142 KB
  • #849
  • Oct 7, 2008 7:46am Oct 7, 2008 7:46am
Look at the monthly chart, draw a fib from a low of 129.32 to the high of 241.06

when it started retracing on the monthly chart, we had a 78.6% retracement

Now draw a fib from 148.19 low and high 251.07 , the 78.6% fibo is at 170.21 and that could be our next and last stop.
Trade what you see, not what you think.
  • #850
  • Oct 7, 2008 8:18am Oct 7, 2008 8:18am
my earlier short got stopped out, but price is still within the bear flag and now we just had the Feds intervening.

I'm gonna stay aside for a bit and see what develops.
Trade what you see, not what you think.
  • #851
  • Oct 7, 2008 8:27am Oct 7, 2008 8:27am
Quoting karmostaji
my earlier short got stopped out, but price is still within the bear flag and now we just had the Feds intervening.

I'm gonna stay aside for a bit and see what develops.
Yes. Actually if you see there was a buy signal on USD/JPY 1 hour 15 mins ago on the touch of the ascending broadening triangles LTL in confluence of todays dayly opening, so we could have bought all JPY crosses at once and would ended up in lovely profit. Just something to check
  • #852
  • Oct 7, 2008 8:28am Oct 7, 2008 8:28am
Quoting karmostaji
my earlier short got stopped out, but price is still within the bear flag and now we just had the Feds intervening.

I'm gonna stay aside for a bit and see what develops.
I'm thinking the 4 hour gann is going to flip.
Indicators show the past. Price Action "Indicates" the future.
  • #853
  • Oct 7, 2008 8:29am Oct 7, 2008 8:29am
Quoting jarroo
I'm thinking the 4 hour gann is going to flip.
if it does then target would be daily gann
Trade what you see, not what you think.
  • #854
  • Oct 7, 2008 8:31am Oct 7, 2008 8:31am
Quoting karmostaji
if it does then target would be daily gann
Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #855
  • Oct 7, 2008 8:50am Oct 7, 2008 8:50am
Quoting karmostaji
if it does then target would be daily gann
It's amazing how Price still reacts to that 4 hour Gann even with news. Wow.
Indicators show the past. Price Action "Indicates" the future.
  • #856
  • Oct 7, 2008 9:17am Oct 7, 2008 9:17am
Quoting jarroo
It's amazing how Price still reacts to that 4 hour Gann even with news. Wow.
If price remains below 4h gann and we get the 1h QQE to cross down, that would be very bearish because the 4h QQE has already crossed up much earlier on but price not able to get above 4h gann, if this scenario plays out then expect a new low.
Trade what you see, not what you think.
  • #857
  • Oct 7, 2008 9:34am Oct 7, 2008 9:34am
If price breaks 181.26, next level is 61.8% at 183
Trade what you see, not what you think.
  • #858
  • Oct 7, 2008 10:13am Oct 7, 2008 10:13am
Price struggling to close above 1h 50ema, 50%, and 4h gann hilo.
Also double top on 1h chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Trade what you see, not what you think.
  • #859
  • Oct 7, 2008 10:17am Oct 7, 2008 10:17am
Quoting karmostaji
Price struggling to close above 1h 50ema, 50%, and 4h gann hilo.
Also double top on 1h chart.
Thats a DIBS signal (short) on the hourly as well.

Sorry couldn't help myself.
Indicators show the past. Price Action "Indicates" the future.
  • #860
  • Oct 7, 2008 10:37am Oct 7, 2008 10:37am
Quoting karmostaji
If price breaks 181.26, next level is 61.8% at 183

posted earlier, could i get a link to your indicators?
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