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Karmo's trading strategy trading GBP/JPY

  • #1,161
  • Oct 29, 2008 9:47am Oct 29, 2008 9:47am
Quoting mike1349
Karmo,May I ask Where did you long?I mean in M15 after flag was broken ?

Thanks
Mike
I was long from earlier at 154
Trade what you see, not what you think.
  • #1,162
  • Oct 29, 2008 9:48am Oct 29, 2008 9:48am
Quoting pisanq
what we have at 163.8?
61.8% fibo retracement
  • #1,163
  • Oct 29, 2008 1:50pm Oct 29, 2008 1:50pm
Quoting karmostaji
Bull flag broken to the upside as expected

we should see a retest of 159 and then 61.8% at 163.8 as long as price remains above 4h gann hilo.
we saw a retest of 159 today and a little higher, as long as price remains above 4h gann hilo, longs are good.
Trade what you see, not what you think.
  • #1,164
  • Oct 29, 2008 1:59pm Oct 29, 2008 1:59pm
4h chart looks toppy and 4h QQE has recovered a lot, hmm do we start downwards from here or not.. I don't know but I'll be keeping an eye on the 4h QQE n Gann.
Trade what you see, not what you think.
  • #1,165
  • Oct 29, 2008 9:40pm Oct 29, 2008 9:40pm
Quoting karmostaji
Yes, target is 163.8
Target reached
Trade what you see, not what you think.
  • #1,166
  • Oct 30, 2008 12:01am Oct 30, 2008 12:01am
Congrats!

Is the bottom still in for now? Would long be still good?
  • #1,167
  • Oct 30, 2008 2:11am Oct 30, 2008 2:11am
The daily gann is at 165, if we close today above that level then I would target 180's

but what I think will happen is that we will go back down and make a higher low

If price goes below 4h gann, shorts are back on and they'll be powerful
If prices goes above daily gann, bulls will tear everything apart

until then take what you get
Trade what you see, not what you think.
  • #1,168
  • Oct 30, 2008 4:26am Oct 30, 2008 4:26am
Thanks for the 335 pips last night Karmo, I've been reading and learning from you.
  • #1,169
  • Oct 30, 2008 4:35am Oct 30, 2008 4:35am
Quoting karmostaji
Target reached
I don't know if you have this one, but here you go, The PIP Medal.

You deserve it. You sure know how to call them.

http://www.fylde.demon.co.uk/pip.htm
Attached Image
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,170
  • Oct 30, 2008 4:35am Oct 30, 2008 4:35am
Quoting karmostaji
The daily gann is at 165, if we close today above that level then I would target 180's

but what I think will happen is that we will go back down and make a higher low

If price goes below 4h gann, shorts are back on and they'll be powerful
If prices goes above daily gann, bulls will tear everything apart

until then take what you get
hello bro, i know that you dont trust divergances but we have a bearish div on daily, RSI CCI and MACD, last time we had those 3 indicators indicating div we was as high as 250, just a thing to keep it in mind.
I recommend you read something else as this sentence is now concluded.
  • #1,171
  • Oct 30, 2008 5:09am Oct 30, 2008 5:09am
Quoting Obaidah
hello bro, i know that you dont trust divergances but we have a bearish div on daily, RSI CCI and MACD, last time we had those 3 indicators indicating div we was as high as 250, just a thing to keep it in mind.
Price bouncing off daily gann hilo, if we get a 4h QQE cross down and a candle forms below then bears will come out full force and most probably we will see a new low coming weeks.
Trade what you see, not what you think.
  • #1,172
  • Oct 30, 2008 5:23am Oct 30, 2008 5:23am
Quoting chris668
Thanks for the 335 pips last night Karmo, I've been reading and learning from you.
You're most welcome, we are all here to learn even myself
Trade what you see, not what you think.
  • #1,173
  • Oct 30, 2008 5:24am Oct 30, 2008 5:24am
Quoting Obaidah
hello bro, i know that you dont trust divergances but we have a bearish div on daily, RSI CCI and MACD, last time we had those 3 indicators indicating div we was as high as 250, just a thing to keep it in mind.
honestly i know nothing about divergences lol, don't hate it nor like it
Trade what you see, not what you think.
  • #1,174
  • Oct 30, 2008 5:29am Oct 30, 2008 5:29am
Quoting karmostaji
honestly i know nothing about divergences lol, don't hate it nor like it
haha! i dont fully trust them and here's one of the reasons, if we were in a trending market and the market is waiting a fundamental release or something to decide something, you'll have a divergance indicating a reversal, once you step in and the fundamental release comes with the trend, ur account will be wiped in a blow! so far, the strategy you're following is the best i've seen for longterms but i keep an eye on divergances just to boost certainty or to decide whether to enter or no in case we have a re-newed signal from QQE.
I recommend you read something else as this sentence is now concluded.
  • #1,175
  • Oct 30, 2008 6:21am Oct 30, 2008 6:21am
Quoting karmostaji
honestly i know nothing about divergences lol, don't hate it nor like it

Hi Karmo.., i just follow your QQE and Gann method for a couple days, I hope I can improve my trading skill and knowledge.

could you tell me beside QQE and Gann, what else do you use for your chart..?
I mean do you combine this QQE Gann with other indie?

thanks
  • #1,176
  • Oct 30, 2008 6:25am Oct 30, 2008 6:25am
Quoting Norte
Hi Karmo.., i just follow your QQE and Gann method for a couple days, I hope I can improve my trading skill and knowledge.

could you tell me beside QQE and Gann, what else do you use for your chart..?
I mean do you combine this QQE Gann with other indie?

thanks
Welcome

Read the first post of this thread.
Trade what you see, not what you think.
  • #1,177
  • Oct 30, 2008 6:42am Oct 30, 2008 6:42am
Quoting karmostaji
Welcome

Read the first post of this thread.
hehehe.................

thanks..!
  • #1,178
  • Oct 30, 2008 7:49am Oct 30, 2008 7:49am
Quoting Vanhook2
I don't know if you have this one, but here you go, The PIP Medal.

You deserve it. You sure know how to call them.

http://www.fylde.demon.co.uk/pip.htm
Thanks for the medal buddy
Trade what you see, not what you think.
  • #1,179
  • Oct 30, 2008 7:56am Oct 30, 2008 7:56am
Price might head back down to test that TL, breaks or not, we gotta wait n see.. I see tough resistance from 165 to 167
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Trade what you see, not what you think.
  • #1,180
  • Oct 30, 2008 8:56am Oct 30, 2008 8:56am
Hi Karmo,
Perice closed below H1 Gann.Any action?

Thanks
Mike
Failure, is a wonderful teacher!
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