Karmo's trading strategy trading GBP/JPY | Page 50 | 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

  • #981
  • Oct 14, 2008 3:43pm Oct 14, 2008 3:43pm
Quoting PippinL
Ok Mike, That's great thanks. I like this Gann QQE.scheme. It's very effective.
Very much so. I've made more in the past two days than I did all last week trading the price action alone. Ridiculous. I still trade other methods, but I'm really enjoying adding this to my repertoire after a long time of studying and sitting on the sidelines with it.
I dream, therefore I become.
  • #982
  • Oct 14, 2008 11:44pm Oct 14, 2008 11:44pm
1h trendline looks broken + re-tested, hmm fall now? waiting..
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Trade what you see, not what you think.
  • #983
  • Oct 14, 2008 11:49pm Oct 14, 2008 11:49pm
Price also couldn't close above the monthly TL on the Daily chart, if price can't get above that then that's a good strong bearish sign.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
Trade what you see, not what you think.
  • #984
  • Oct 15, 2008 4:39am Oct 15, 2008 4:39am
Quoting karmostaji
Once 4h QQE crosses down and we get a candle below 4h gann, this beast should tank downwards..
Karmo, what is your variable smoothing do you use for QQE? 5,10 or 12..?
what is the different between that number..?

i see my chart, I think we already have Candle below Gann 4H, QQE 4H cross down (if using smoothing 5),but if use smoothing 10, QQE did not cross yet.
  • #985
  • Oct 15, 2008 5:46am Oct 15, 2008 5:46am
Quoting Fiesta_id
Karmo, what is your variable smoothing do you use for QQE? 5,10 or 12..?
what is the different between that number..?

i see my chart, I think we already have Candle below Gann 4H, QQE 4H cross down (if using smoothing 5),but if use smoothing 10, QQE did not cross yet.
smoothing 5 and I don't know the difference between the numbers but I use 5.
Trade what you see, not what you think.
  • #986
  • Oct 15, 2008 6:57am Oct 15, 2008 6:57am
why you take short, while H1 and H4 didn't not cross yet, maybe you have another point of view, would you like to explain to me..? thanks.

http://www.forexfactory.com/showpost...stcount=122409



Thanks Karmo.
  • #987
  • Oct 15, 2008 6:59am Oct 15, 2008 6:59am
Quoting Fiesta_id
why you take short, while H1 and H4 didn't not cross yet, maybe you have another point of view, would you like to explain to me..? thanks.

http://www.forexfactory.com/showpost...stcount=122409



Thanks Karmo.
sure
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
Trade what you see, not what you think.
  • #988
  • Oct 15, 2008 10:37am Oct 15, 2008 10:37am
Hello Karmo and others.

I am finding it difficult attaching the QQE indicator on my fxopen and fxdd platform after down loading it from the site. i need some help
  • #989
  • Oct 15, 2008 10:39am Oct 15, 2008 10:39am
Quoting Safive
Hello Karmo and others.

I am finding it difficult attaching the QQE indicator on my fxopen and fxdd platform after down loading it from the site. i need some help
http://www.forexfactory.com/showpost...&postcount=957
Trade what you see, not what you think.
  • #990
  • Oct 15, 2008 12:06pm Oct 15, 2008 12:06pm
Quoting mike w
Above and below the Gann lines, or if my take profit hasn't been hit and price reverses to the opposite- a cross above or below- I will reverse the position. Occasionally, if I see a solid wall of S/R, I will place stops above or below that point.

The 5 minute will give you whipsaws occasionally, especially in a range. The 15 minute, however, shows less whipsaws and more profit potential. The higher up the timeframe you move, the better chances for larger profit there are.

Karmo may trade differently, and if he does, go with his way of doing things. He is the KING with this method. I'm just a peon lol Karmo, do you trade the 5 and 15 minute differently?
I'll reply to this post once I'm free a bit so don't think I ignored your post Mike
Trade what you see, not what you think.
  • #991
  • Oct 15, 2008 3:37pm Oct 15, 2008 3:37pm
4H QQE crossed down and price is trading below 4h gann, sell rallies

My target is 166 which is the previous low.
Trade what you see, not what you think.
  • #992
  • Oct 15, 2008 8:57pm Oct 15, 2008 8:57pm
Quoting karmostaji
4H QQE crossed down and price is trading below 4h gann, sell rallies

My target is 166 which is the previous low.
If you change your opinion, let us know in here

At this point it would take a change on the 4h, close above gann etc to signal a possible reversal, right?
  • #993
  • Oct 15, 2008 9:00pm Oct 15, 2008 9:00pm
Quoting karmostaji
4H QQE crossed down and price is trading below 4h gann, sell rallies

My target is 166 which is the previous low.
Karmo, i see my chart. look 1H QQE want to cross up, what happen if 1H QQE Cross up..? is that end your selling rallys..?
  • #994
  • Oct 15, 2008 9:56pm Oct 15, 2008 9:56pm
Quoting Fiesta_id
Karmo, i see my chart. look 1H QQE want to cross up, what happen if 1H QQE Cross up..? is that end your selling rallys..?
I think he would say that the 4h needs to close above the gann.

He should be back around London open and can clarify then.
  • #995
  • Edited 10:22pm Oct 15, 2008 10:06pm | Edited 10:22pm
after staring at a naked chart for a little while, it looks like we are starting to form some kind of bear flag on the daily chart, have a look at this chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
Trade what you see, not what you think.
  • #996
  • Oct 16, 2008 2:31am Oct 16, 2008 2:31am
Quoting karmostaji
after staring at a naked chart for a little while, it looks like we are starting to form some kind of bear flag on the daily chart, have a look at this chart
According to that chart it could go all the way to 188 or so before resuming the downtrend .. is that what you think?
  • #997
  • Oct 16, 2008 4:36am Oct 16, 2008 4:36am
Quoting TraderStar
According to that chart it could go all the way to 188 or so before resuming the downtrend .. is that what you think?
if the daily QQE crosses upwards and we get a candle close above daily gann then it's possible but for now I see still a retest of 166 if 1h QQE crosses back down.
Trade what you see, not what you think.
  • #998
  • Oct 16, 2008 9:40am Oct 16, 2008 9:40am
I'm still expecting 166 but we've got some levels to cut through first, I want the 1h QQE to cross down and a candle to form below 1h gann, that should take it down.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 30 KB
Trade what you see, not what you think.
  • #999
  • Oct 16, 2008 10:17am Oct 16, 2008 10:17am
If the 1 hr closes below the gann and qqe moving down, on a scale of 1 to 10 how probable do you think it is that it then goes to 166?

I'm not going to trade off this and I know it is just your opinion and you could be dead wrong, but I am just wanting to know your take on the degree of probability once the gann-qqe conditions are setup correctly for a short (and I know numerous other conditions for this particular short have already been met)

And btw, are you an American (or Brit) living in Dubai? Or are you native to that part of the world, and if so .. how did you learn such fluent english??
  • #1,000
  • Oct 16, 2008 10:18am Oct 16, 2008 10:18am
Quoting karmostaji
I'm still expecting 166 but we've got some levels to cut through first, I want the 1h QQE to cross down and a candle to form below 1h gann, that should take it down.

What was your entry price karmo?
5 traders viewing now