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Karmo's trading strategy trading GBP/JPY

  • #1,121
  • Oct 27, 2008 6:27am Oct 27, 2008 6:27am
Quoting Obaidah
im good bro, thanks for asking, what about you?
Better than earlier el7amdella

I hate being sick
Trade what you see, not what you think.
  • #1,122
  • Oct 27, 2008 6:30am Oct 27, 2008 6:30am
Quoting karmostaji
Better than earlier el7amdella

I hate being sick
lol, el7amdella bro
I recommend you read something else as this sentence is now concluded.
  • #1,123
  • Oct 27, 2008 6:32am Oct 27, 2008 6:32am
Quoting karmostaji
We had a 15m valid Long signal, I took it and already up 100+ pips, moved stop to BE

If 30m QQE crosses up and a candle forms above, I will add longs at 5sma
30m QQE crossed up and a candle formed above gann, valid long signal. I'll add on any retrace
Trade what you see, not what you think.
  • #1,124
  • Oct 27, 2008 7:40am Oct 27, 2008 7:40am
Hi Karmo.
What about your weekly forecast?
I'm constantly followed by great ideas... but I'm quicker!
  • #1,125
  • Oct 27, 2008 7:41am Oct 27, 2008 7:41am
Quoting forexsurgeon
Hi Karmo.
What about your weekly forecast?
We might see a retrace back to the weekly 5sma or close it, but first price needs to get back above 1h gann and 4h gann.
Trade what you see, not what you think.
  • #1,126
  • Oct 27, 2008 10:33am Oct 27, 2008 10:33am
Quoting karmostaji
Hey bro,

what's up? Good to see you here, enjoy your time

I am.. Learning about the Fibonacci retracements now LOL
  • #1,127
  • Oct 27, 2008 11:46am Oct 27, 2008 11:46am
Now... Waitin' on the 4H GANN and W 5SMA, Right Karmo?
  • #1,128
  • Oct 27, 2008 2:58pm Oct 27, 2008 2:58pm
Quoting Stanbull
I am.. Learning about the Fibonacci retracements now LOL

those are good ... BUT also learn about the fib extensions .. they are really powerful
Blogging daily now at www.volume.zone
  • #1,129
  • Oct 28, 2008 1:24am Oct 28, 2008 1:24am
In Long at 146 looks like resistance at 151.15. 10/24 1930 candle.

What do u think?
  • #1,130
  • Oct 28, 2008 4:32am Oct 28, 2008 4:32am
I'm expecting bearish continuation in the short-term as long as price remains below 4h Gann hilo, the 4h QQE has crossed up days ago and this is an indication of bearish continuation to me. For now price is trading between these 2 trendlines, I expect it to break lower at some point. If it breaks 150.5 then we should see 154
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Trade what you see, not what you think.
  • #1,131
  • Oct 28, 2008 5:13am Oct 28, 2008 5:13am
hi guys
I recommend you read something else as this sentence is now concluded.
  • #1,132
  • Oct 28, 2008 11:39am Oct 28, 2008 11:39am
Hallo Obaidah!

May you be fortunate in your search for pips!
  • #1,133
  • Oct 28, 2008 11:59am Oct 28, 2008 11:59am
Quoting karmostaji
I'm expecting bearish continuation in the short-term as long as price remains below 4h Gann hilo, the 4h QQE has crossed up days ago and this is an indication of bearish continuation to me. For now price is trading between these 2 trendlines, I expect it to break lower at some point. If it breaks 150.5 then we should see 154
Price is already above 4h gann, so bulls should take over for the short-term and we should see 4h 50ema in the coming sessions, that is around 159

btw the 38.2% fibo is 154.3 and 50% 159

from my experience, this beast loves the 50% fibo retracements.
Trade what you see, not what you think.
  • #1,134
  • Oct 28, 2008 2:54pm Oct 28, 2008 2:54pm
Quoting karmostaji
I'm expecting bearish continuation in the short-term as long as price remains below 4h Gann hilo, the 4h QQE has crossed up days ago and this is an indication of bearish continuation to me. For now price is trading between these 2 trendlines, I expect it to break lower at some point. If it breaks 150.5 then we should see 154
I only want to say this:

Karmo For President.



Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,135
  • Oct 28, 2008 3:35pm Oct 28, 2008 3:35pm
Love to hear from you, Karmo!

It's great to hear what you have to say so that I can compare with my own charts. When they are inline, I have more confidence!
Eventually, I hope I can help out more as well!
  • #1,136
  • Oct 28, 2008 3:54pm Oct 28, 2008 3:54pm
Quoting jarroo
I only want to say this:

Karmo For President.



Jim
I think Karmo needs to take Ben Bernanke's job! Within a month, Karmo can have that 700 billion up to 700 trillion!!!

Pay all US national debt, own all the banks and take a small % off of that for himself for his HARD work!
  • #1,137
  • Oct 28, 2008 3:57pm Oct 28, 2008 3:57pm
Quoting USTrader
I think Karmo needs to take Ben Bernanke's job! Within a month, Karmo can have that 700 billion up to 700 trillion!!!

Pay all US national debt, own all the banks and take a small % off of that for himself for his HARD work!
Maybe be a liquidity problem when your trading a billion dollors a pip.
Indicators show the past. Price Action "Indicates" the future.
  • #1,138
  • Oct 28, 2008 5:13pm Oct 28, 2008 5:13pm
Quoting jarroo
Maybe be a liquidity problem when your trading a billion dollors a pip.
I see your point!


Just got my TP hit, entered at 152 and 158 hit! +600 pips!

Drooling in amazement! Karmo is SPOT ON, again!!! Superhero type powers!
  • #1,139
  • Oct 28, 2008 5:37pm Oct 28, 2008 5:37pm
Quoting karmostaji
Price is already above 4h gann, so bulls should take over for the short-term and we should see 4h 50ema in the coming sessions, that is around 159

btw the 38.2% fibo is 154.3 and 50% 159

from my experience, this beast loves the 50% fibo retracements.
Unbelievable accuracy. I wouldn't have believed this if I hadn't read it myself. what a trade!
As I write , price is settling nicely on that 50 ema just like you said. Wow I'm in awe of this!
  • #1,140
  • Oct 28, 2008 7:02pm Oct 28, 2008 7:02pm
Karmo is an awesome trader ... but guys do not forget the power of fib retracements and fib extensions....

I use them right down to 5 min scalping charts ...
Blogging daily now at www.volume.zone
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