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Karmo's trading strategy trading GBP/JPY

  • #1,201
  • Oct 30, 2008 1:06pm Oct 30, 2008 1:06pm
karmo
whats best to use a trailing stop in this case , since the target is more than 250 away . or we use a hard stop loss
this is my first trade live using your methode i m up already 73 pip.

thanks
  • #1,202
  • Oct 30, 2008 1:12pm Oct 30, 2008 1:12pm
Quoting imad
karmo
whats best to use a trailing stop in this case , since the target is more than 250 away . or we use a hard stop loss
this is my first trade live using your methode i m up already 73 pip.

thanks
I usually move stoploss to breakeven once i'm up 100 pips and then move it higher manually every 80 pips or so

every person uses a different strategy, maybe u want to take half partial profits and set sl to be for the rest, i dunno.. its up to you how to manage your trade
Trade what you see, not what you think.
  • #1,203
  • Oct 30, 2008 2:11pm Oct 30, 2008 2:11pm
Quoting karmostaji
I usually move stoploss to breakeven once i'm up 100 pips and then move it higher manually every 80 pips or so

every person uses a different strategy, maybe u want to take half partial profits and set sl to be for the rest, i dunno.. its up to you how to manage your trade

Here is a Stop Loss & Trailing Stop Loss EA that I use.
Read the PDF file & play with it until you figure it.
It works for me.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 379 downloads
File Type: pdf Trailing_Stop_Manual[1].pdf   110 KB | 498 downloads
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,204
  • Oct 30, 2008 2:25pm Oct 30, 2008 2:25pm
karmo
i got stoped out at+100 pip . thank you, it was a live trade .
the reentry would be using h1 ? a candle close above the gann and qqe crossing up ?
regards
  • #1,205
  • Oct 30, 2008 2:26pm Oct 30, 2008 2:26pm
Quoting imad
karmo
i got stoped out at+100 pip . thank you, it was a live trade .
the reentry would be using h1 ? a candle close above the gann and qqe crossing up ?
regards
100 pips is lovely

Yep thats correct, the 1h QQE crossing up and a candle closing above 1h gann would be an excellent opportunity to go long
Trade what you see, not what you think.
  • #1,206
  • Oct 30, 2008 3:10pm Oct 30, 2008 3:10pm
Samurai Jack is one of my favorite cartoons!

You definitely dominate the terrible Haku (aka Geppy, Beast etc)
  • #1,207
  • Oct 30, 2008 3:50pm Oct 30, 2008 3:50pm
Sorry for a silly question, how do i upload the gann hilo and the QQE to my plartform.
  • #1,208
  • Oct 30, 2008 3:53pm Oct 30, 2008 3:53pm
Quoting Fxtrader
Sorry for a silly question, how do i upload the gann hilo and the QQE to my plartform.
take the link from the first post of this thread and save the to ex4 to your metatrader-directory in the subfolder experts/indicators. Then save the tpl file in the subfolder templates and there you are. In MetaTrader choose Templates->Auslance. Voila!
  • #1,209
  • Oct 30, 2008 4:32pm Oct 30, 2008 4:32pm
Hi Karmo,
Please go back to the old image. It gives an impression of your readiness to dismantle the beast GJ.

Which version of QQe do you use on MT4. I saw V4 and V5 on Auslanco thread, both are virtually same. I downloaded the V5. I do not get the crosses the same time as you following your posting. when you say QQE crossing I presume its e 50 line mark. Thanks
  • #1,210
  • Oct 30, 2008 4:35pm Oct 30, 2008 4:35pm
Quoting Safive
Hi Karmo,
Please go back to the old image. It gives an impression of your readiness to dismantle the beast GJ.

Which version of QQe do you use on MT4. I saw V4 and V5 on Auslanco thread, both are virtually same. I downloaded the V5. I do not get the crosses the same time as you following your posting. when you say QQE crossing I presume its e 50 line mark. Thanks
check the 1st post on this thread, the link is there for the indicators

and I changed my avatar to a similar one like the one I had b4
Trade what you see, not what you think.
  • #1,211
  • Oct 30, 2008 8:00pm Oct 30, 2008 8:00pm
Quoting karmostaji
check the 1st post on this thread, the link is there for the indicators

and I changed my avatar to a similar one like the one I had b4
Who are you and what have you done with Karmo?


Oh wait . . . changed avatar . . . .



Indicators show the past. Price Action "Indicates" the future.
  • #1,212
  • Oct 30, 2008 8:14pm Oct 30, 2008 8:14pm
Quoting karmostaji
check the 1st post on this thread, the link is there for the indicators

and I changed my avatar to a similar one like the one I had b4
the old ones is better buddy.. more mysterious more cool
  • #1,213
  • Oct 31, 2008 5:23am Oct 31, 2008 5:23am
4h QQE crossed down and a candle formed below 4h Gann, 4h candle also closed below 4h 50ema

Strong bearish signs, I'm short.
Trade what you see, not what you think.
  • #1,214
  • Oct 31, 2008 5:55am Oct 31, 2008 5:55am
Quoting karmostaji
4h QQE crossed down and a candle formed below 4h Gann, 4h candle also closed below 4h 50ema

Strong bearish signs, I'm short.
Daily QQE has crossed for up, will this carry any weight? Daily Candle is bouncing from gann HL.

Also, you mentioned a good entry is wait for 1hr to retrace to 5 SMA, now is has went beyond, and the lower TFs are still working for the up, do you make you entry now or you will wait for the lower TF to complete the cycle.

What is your initial SL at entry?
  • #1,215
  • Oct 31, 2008 12:46pm Oct 31, 2008 12:46pm
hi
i entered later when the 15 min cross down and the candle retrace to 5 ma . got stoped out at -200 pip. did i had to wait until the price touch the 4 hour gann to exit ??
regards
  • #1,216
  • Oct 31, 2008 1:02pm Oct 31, 2008 1:02pm
karmo
now we have candle close again under gann 15 min . is it a bearish entry now?
regards
  • #1,217
  • Nov 1, 2008 4:46am Nov 1, 2008 4:46am
Quoting sher
Daily QQE has crossed for up, will this carry any weight? Daily Candle is bouncing from gann HL.

Also, you mentioned a good entry is wait for 1hr to retrace to 5 SMA, now is has went beyond, and the lower TFs are still working for the up, do you make you entry now or you will wait for the lower TF to complete the cycle.

What is your initial SL at entry?
Dailly QQE crossed up but price continues to trade below daily gann, this is usually a strong bearish continuation sign, plus we have a 4h bear flag on GJ.

I would wait for the lower TF's to complete their cycle and then enter when most TF's align together and point in one direction.

My SL most of the time is 100 pips.
Trade what you see, not what you think.
  • #1,218
  • Nov 1, 2008 5:06am Nov 1, 2008 5:06am
Quoting karmostaji
Dailly QQE crossed up but price continues to trade below daily gann, this is usually a strong bearish continuation sign, plus we have a 4h bear flag on GJ.

I would wait for the lower TF's to complete their cycle and then enter when most TF's align together and point in one direction.

My SL most of the time is 100 pips.

Karmo..

Care to xplain how do u align in multiple TF??
Ur entry must be very precise...SL 100 in GJ can be easily take out...

Sonic
  • #1,219
  • Nov 1, 2008 6:24am Nov 1, 2008 6:24am
Karmo

When waiting for price to trace back to the 5SMA, how do you know determine if price will not pierce it and go the opposite direction?
  • #1,220
  • Nov 1, 2008 8:41am Nov 1, 2008 8:41am
Quoting sonicdeejay
Karmo..

Care to xplain how do u align in multiple TF??
Ur entry must be very precise...SL 100 in GJ can be easily take out...

Sonic
Nowadays it is hard since GJ swings like crazy, but we still got to manage the risk otherwise this beast will eat us alive.
Trade what you see, not what you think.
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