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Karmo's trading strategy trading GBP/JPY

  • #1,061
  • Oct 21, 2008 1:26pm Oct 21, 2008 1:26pm
Bear flag on the 5m chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 14 KB
Trade what you see, not what you think.
  • #1,062
  • Oct 21, 2008 1:37pm Oct 21, 2008 1:37pm
Expecting to see 165 area in the coming sessions
Trade what you see, not what you think.
  • #1,063
  • Oct 21, 2008 5:09pm Oct 21, 2008 5:09pm
Quoting karmostaji
I hope everyone is enjoying the bear party because I am

mr. Karmo Soros Buffet, I have no word to say... you're unbelievable,
YOU'RE The MAN..



Enjoy the Party sir...
  • #1,064
  • Oct 21, 2008 8:41pm Oct 21, 2008 8:41pm
Quoting karmostaji
Expecting to see 165 area in the coming sessions
great master karmo... you are the man..
  • #1,065
  • Oct 21, 2008 10:12pm Oct 21, 2008 10:12pm
I love this beast, I hope everyone enjoyed the ride
Trade what you see, not what you think.
  • #1,066
  • Oct 21, 2008 10:27pm Oct 21, 2008 10:27pm
I am a regular reader of yr contribution, karmo. Great advise and contribution from you. Keep it up. From Malaysia.

p/s. cant contribute much , still learning.


Robin
  • #1,067
  • Oct 22, 2008 12:30am Oct 22, 2008 12:30am
This is the breakout trade I took, I'm already loaded with more than +1200 pips
I remain bearish and we should see 15x.xx soon
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Trade what you see, not what you think.
  • #1,068
  • Oct 22, 2008 4:45am Oct 22, 2008 4:45am
Quoting karmostaji
This is the breakout trade I took, I'm already loaded with more than +1200 pips
I remain bearish and we should see 15x.xx soon
Hi Karmo!

I have moved into the new house and the technical stuff seems to be up and running now You never know!

There is a big Bullish Butterfly on the GJ and a Bullish Crab on the GU (which is playing out better right now). There might be room for a retracement to the 165.00 and 1.65 levels respectively.

Later on I am sure we reach the 15X.XXs

Ciao!
Matt
  • #1,069
  • Oct 22, 2008 4:59am Oct 22, 2008 4:59am
Quoting Gnat
Hi Karmo!

I have moved into the new house and the technical stuff seems to be up and running now You never know!

There is a big Bullish Butterfly on the GJ and a Bullish Crab on the GU (which is playing out better right now). There might be room for a retracement to the 165.00 and 1.65 levels respectively.

Later on I am sure we reach the 15X.XXs

Ciao!
Matt
Hey Matt,

It's good to see you posting again.

I know I see the bullish butterfly, we will get a good retracement only if we get a candle close above 1h gann hilo otherwise this beast is heading straight into the 15xx.xx zone soon.

Bears are in total control.
Trade what you see, not what you think.
  • #1,070
  • Oct 22, 2008 6:06am Oct 22, 2008 6:06am
15m and 30m QQE indicating bearish continuation..

15x.xx here I come
Trade what you see, not what you think.
  • #1,071
  • Oct 22, 2008 7:19am Oct 22, 2008 7:19am
Quoting karmostaji
15m and 30m QQE indicating bearish continuation..

15x.xx here I come
Right ... only the GU Formation was any good... +71 in the end.
  • #1,072
  • Oct 22, 2008 7:30am Oct 22, 2008 7:30am
Ok I've closed all my shorts, looks like reversal/retracement is starting
Trade what you see, not what you think.
  • #1,073
  • Oct 22, 2008 7:38am Oct 22, 2008 7:38am
Quoting karmostaji
Ok I've closed all my shorts, looks like reversal/retracement is starting
wait for 163.21 break and trade above it.

It will be a sweet 169 if it breaks, as tp 1, tp 2 could be 173 area.
  • #1,074
  • Oct 22, 2008 7:40am Oct 22, 2008 7:40am
Quoting forexlion
wait for 163.21 break and trade above it.

It will be a sweet 169 if it breaks, as tp 1, tp 2 could be 173 area.
Yep waiting, plus waiting for a 15m candle close above 50ema
Trade what you see, not what you think.
  • #1,075
  • Oct 22, 2008 10:38am Oct 22, 2008 10:38am
Welcome 15x.xx
Trade what you see, not what you think.
  • #1,076
  • Oct 22, 2008 11:22am Oct 22, 2008 11:22am
Quoting karmostaji
Ok I've closed all my shorts, looks like reversal/retracement is starting
Hi Karmo,
May I ask why did you close your shorts?when you say "look like",what do you mean?

Thanks
Mike
Failure, is a wonderful teacher!
  • #1,077
  • Oct 22, 2008 11:25am Oct 22, 2008 11:25am
Quoting mike1349
Hi Karmo,
May I ask why did you close your shorts?when you say \"look like\",what do you mean?

Thanks
Mike
we had a 4h doji and the next candle started acting bullish so I thought it was going up, but it didn't and it just retraced to 4h 5sma so I reloaded shorts when 5m QQE reversed back down. I'm sticking with shorts and ultimate target is 148-149
Trade what you see, not what you think.
  • #1,078
  • Oct 22, 2008 11:30am Oct 22, 2008 11:30am
Makes sense

Thank you
Mike
Failure, is a wonderful teacher!
  • #1,079
  • Oct 22, 2008 12:19pm Oct 22, 2008 12:19pm
Quoting OrionsWay
Its under average for me here, looks like bullish run in the makings


maybe a glimmer of hope through support angle, traded above it then found support on decline of it with buying at it. Maybe just maybe LOL
that boy from auslanco forum been saying the same sh*t since the begining of this week and because im newbie i started closing shorts and entering long on very very weak signals only because that kid kept saying long long duhhh!!!
I recommend you read something else as this sentence is now concluded.
  • #1,080
  • Oct 22, 2008 12:21pm Oct 22, 2008 12:21pm
Quoting Obaidah
that boy from auslanco forum been saying the same sh*t since the begining of this week and because im newbie i started closing shorts and entering long on very very weak signals only because that kid kept saying long long duhhh!!!
I personally don't trust calls from somebody who uses the position of the planets to make trades.

B
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