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Karmo's trading strategy trading GBP/JPY

  • #901
  • Oct 13, 2008 12:16am Oct 13, 2008 12:16am
Hi Karmo, I was just wondering real quick if you could lead me to where I can learn more about gann lines and qqe. I'v been using MT4 for about a month and I am looking for more teachings. I've read the begining of your thread but as I am new to MT4 I am unsure of how to install and set up your method. I've been trading demo for about a year and half and I am looking for more solid method.

thanks for your time
  • #902
  • Oct 13, 2008 1:02am Oct 13, 2008 1:02am
There is a search box at the top of this page, you can do a search within this forum .. then what I always do is just google the terms I want more info on, you will find lots of links.
  • #903
  • Oct 13, 2008 1:03am Oct 13, 2008 1:03am
Quoting plrbear
Hi Karmo, I was just wondering real quick if you could lead me to where I can learn more about gann lines and qqe. I'v been using MT4 for about a month and I am looking for more teachings. I've read the begining of your thread but as I am new to MT4 I am unsure of how to install and set up your method. I've been trading demo for about a year and half and I am looking for more solid method.

thanks for your time
I'm not Karmo, but . . .

The best place to learn more is right here on Karmo's thread.

You could go to Aus's thread and web site here http://www.forexfactory.com/showthread.php?t=40582

Karmo keeps it simple and easy to understand.

Remember that Karmo's main focus is on higher time frame charts (Daily and Weekly). He's Money Management can realize large stop losses, 300-400 pips or more.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #904
  • Oct 13, 2008 1:08am Oct 13, 2008 1:08am
Quoting jarroo
I'm not Karmo, but . . .

The best place to learn more is right here on Karmo's thread.

You could go to Aus's thread and web site here http://www.forexfactory.com/showthread.php?t=40582

Karmo keeps it simple and easy to understand.

Remember that Karmo's main focus is on higher time frame charts (Daily and Weekly). He's Money Management can realize large stop losses, 300-400 pips or more.


Jim
Trade what you see, not what you think.
  • #905
  • Oct 13, 2008 1:08am Oct 13, 2008 1:08am
thanks for the replies. this helps get me started
  • #906
  • Oct 13, 2008 1:10am Oct 13, 2008 1:10am
My sentiment is also bearish (and I am starting to learn how to read these gann/qqe charts on my own thanks to karmo's many explanations). However she sure ain't makin' it easy!!!

Just took 2 more patience pills .. hope I won't need the drip
  • #907
  • Oct 13, 2008 1:12am Oct 13, 2008 1:12am
Quoting TraderStar
My sentiment is also bearish (and I am starting to learn how to read these gann/qqe charts on my own thanks to karmo's many explanations). However she sure ain't makin' it easy!!!

Just took 2 more patience pills .. hope I won't need the drip
I'm waiting for London to open before I start trading, plus today Many banks are on holiday so we have a thin market, so price is going to whipsaw.
Trade what you see, not what you think.
  • #908
  • Oct 13, 2008 1:15am Oct 13, 2008 1:15am
karmo could you posting your chart that show 2 bear flag.

==> http://www.forexfactory.com/showpost...stcount=121700


Thanks a lot...
  • #909
  • Oct 13, 2008 1:20am Oct 13, 2008 1:20am
Quoting Fiesta_id
karmo could you posting your chart that show 2 bear flag.

==> http://www.forexfactory.com/showpost...stcount=121700


Thanks a lot...
5m but price seems to be invalidating this pattern
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Trade what you see, not what you think.
  • #910
  • Oct 13, 2008 1:24am Oct 13, 2008 1:24am
1h bear flag
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Trade what you see, not what you think.
  • #911
  • Oct 13, 2008 1:53am Oct 13, 2008 1:53am
Price could reach 174.15 and we could still be in the bear flag, so please enter once there is confirmation and always use a stop-loss. As long as price remains in this flag, I'll scalp and once it breaks out, I'm gonna ride the beast
Trade what you see, not what you think.
  • #912
  • Oct 13, 2008 2:08am Oct 13, 2008 2:08am
Quoting karmostaji
Price could reach 174.15 and we could still be in the bear flag, so please enter once there is confirmation and always use a stop-loss. As long as price remains in this flag, I'll scalp and once it breaks out, I'm gonna ride the beast
How do you define it so precisely .. 174.15? ... I don't see any particular reason to choose that level as end of bearish flag. Is it a fib retracement?
  • #913
  • Oct 13, 2008 2:11am Oct 13, 2008 2:11am
Quoting TraderStar
How do you define it so precisely .. 174.15? ... I don't see any particular reason to choose that level as end of bearish flag. Is it a fib retracement?
Look at the chart I posted 2 posts b4 this one, 174.15 is close to the top of the bear flag
Trade what you see, not what you think.
  • #914
  • Oct 13, 2008 2:21am Oct 13, 2008 2:21am
Quoting karmostaji
Look at the chart I posted 2 posts b4 this one, 174.15 is close to the top of the bear flag
Hmm .. well I just drew those parallel lines on my chart to match yours and the top lines ends at 175.40 ish .. so 174.15 is near the top, but I still don't know why you ended it right there (I know, give or take a few pips .. but why ... unless it is a time factor .. the upper tl crosses the 174.15 line just above the current candle on the 1h .. whereas where the tl reaches 175,40 it would be several candles (hours) later .. is that it?
  • #915
  • Oct 13, 2008 2:25am Oct 13, 2008 2:25am
Quoting TraderStar
Hmm .. well I just drew those parallel lines on my chart to match yours and the top lines ends at 175.40 ish .. so 174.15 is near the top, but I still don't know why you ended it right there (I know, give or take a few pips .. but why ... unless it is a time factor .. the upper tl crosses the 174.15 line just above the current candle on the 1h .. whereas where the tl reaches 175,40 it would be several candles (hours) later .. is that it?
Maybe you drew it differently, I don't know but 174.15 is also a good S/R level so yah I'll pay attention to that level.
Trade what you see, not what you think.
  • #916
  • Oct 13, 2008 2:32am Oct 13, 2008 2:32am
Good morning Karmo. How you doing my man?
  • #917
  • Oct 13, 2008 2:37am Oct 13, 2008 2:37am
Quoting belekas
Good morning Karmo. How you doing my man?
Good morning belekas. I'm good thanks, how about yourself?
Trade what you see, not what you think.
  • #918
  • Oct 13, 2008 2:51am Oct 13, 2008 2:51am
Quoting karmostaji
Good morning belekas. I'm good thanks, how about yourself?
So so mate. Just waiting patiently for some setups to pop in front of me you know
  • #919
  • Oct 13, 2008 2:56am Oct 13, 2008 2:56am
Quoting belekas
So so mate. Just waiting patiently for some setups to pop in front of me you know
yah, I'm waiting for this bear flag to be broken to the downside, but it might take a while..
Trade what you see, not what you think.
  • #920
  • Oct 13, 2008 3:06am Oct 13, 2008 3:06am
Quoting karmostaji
yah, I'm waiting for this bear flag to be broken to the downside, but it might take a while..
Nice descending broadening formation on RSI 15m and looks like we might have seen the top, but it can go aither way. Check it out.
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