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Karmo's trading strategy trading GBP/JPY

  • #1,221
  • Nov 1, 2008 8:42am Nov 1, 2008 8:42am
Quoting et_phonehome_2
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?
I use the momentum with 5sma to track retracements to 5sma but yes sometimes price might pierce through it by 20-30 pips, maybe more I dunno, that's why I use a 100 SL just in case it reverses.
Trade what you see, not what you think.
  • #1,222
  • Nov 1, 2008 8:49am Nov 1, 2008 8:49am
Quoting karmostaji
Nowadays it is hard since GJ swings like crazy, but we still got to manage the risk otherwise this beast will eat us alive.
I am a EUR/JPY trader too...I guess EJ and GJ has similar amount of swing at a time, as a 30-40 pips move is a normal...

Nice to see u..Karmo...

Sonic
  • #1,223
  • Nov 1, 2008 10:32am Nov 1, 2008 10:32am
good monring Karmo ... hope you are having a good weekend

not sure if this is going to play BUT is a strong possibility ... with the election next week anything can happen

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy20.png Size: 176 KB
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  • #1,224
  • Nov 2, 2008 7:17am Nov 2, 2008 7:17am
Quoting malcolmb14
good monring Karmo ... hope you are having a good weekend

not sure if this is going to play BUT is a strong possibility ... with the election next week anything can happen

Attachment
Thanks for sharing with us your analysis malcolmb

Anything can happen but hopefully we will get out with green pips lol
Trade what you see, not what you think.
  • #1,225
  • Nov 2, 2008 7:20am Nov 2, 2008 7:20am
Ok here's my simple analysis, GJ is in a bear flag IMO on the 4h chart, and on the 1h chart we see a bull-flag lol, so if the bull flag breaks then 166 should be a good resistance and once the bear flag breaks then I'm expecting new low's. Another thing the Daily QQE has crossed upwards but price remains to trade below daily gann, that's an indication of bearish continuation to me.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
Trade what you see, not what you think.
  • #1,226
  • Nov 2, 2008 9:47am Nov 2, 2008 9:47am
Hi, newbie in forex...

the files posted in march 10th:

###Gann_HiLo_Activator_v2###.ex4 and ###QQE_Alert_MTF_v5###.ex4

are the last versions? they fit for mt4 platform?

thanks in advance
  • #1,227
  • Nov 2, 2008 11:28am Nov 2, 2008 11:28am
Quoting againgabriel
Hi, newbie in forex...

the files posted in march 10th:

###Gann_HiLo_Activator_v2###.ex4 and ###QQE_Alert_MTF_v5###.ex4

are the last versions? they fit for mt4 platform?

thanks in advance
Yap
Failure, is a wonderful teacher!
  • #1,228
  • Nov 2, 2008 1:28pm Nov 2, 2008 1:28pm
Quoting againgabriel
Hi, newbie in forex...

the files posted in march 10th:

###Gann_HiLo_Activator_v2###.ex4 and ###QQE_Alert_MTF_v5###.ex4

are the last versions? they fit for mt4 platform?

thanks in advance
Yes they're the latest versions and they do work on MT4 platforms
Trade what you see, not what you think.
  • #1,229
  • Nov 2, 2008 11:15pm Nov 2, 2008 11:15pm
monitoring gu n gj closely
  • #1,230
  • Nov 2, 2008 11:36pm Nov 2, 2008 11:36pm
162.30 is the Daily gann, if a daily candle manages to close above this level today then yes bulls will be back for a while.
Trade what you see, not what you think.
  • #1,231
  • Nov 2, 2008 11:37pm Nov 2, 2008 11:37pm
162.45 is the new Monthly pivot.
Trade what you see, not what you think.
  • #1,232
  • Nov 3, 2008 2:42am Nov 3, 2008 2:42am
What I see is this..

price is above 4h Gann, if 4h QQE crosses up then that's a bullish sign and we will end most probably with a daily candle above daily gann, another bullish sign.

upper TLT of the 4h channel is around 174
200ema on 4h is 173
50ema on daily is 175.5

This is valid only if price doesn't break 159.5 (LTL of the channel), if it does then most probably new low's.

This is my simple plan
Trade what you see, not what you think.
  • #1,233
  • Nov 3, 2008 2:53am Nov 3, 2008 2:53am
Quoting karmostaji
What I see is this..

price is above 4h Gann, if 4h QQE crosses up then that's a bullish sign and we will end most probably with a daily candle above daily gann, another bullish sign.

upper TLT of the 4h channel is around 174
200ema on 4h is 173
50ema on daily is 175.5

This is valid only if price doesn't break 159.5 (LTL of the channel), if it does then most probably new low's.

This is my simple plan
are you sure that we're not going to reach 141 before the upside move?
I recommend you read something else as this sentence is now concluded.
  • #1,234
  • Nov 3, 2008 2:54am Nov 3, 2008 2:54am
Quoting Obaidah
are you sure that we're not going to reach 141 before the upside move?
The upside move is valid as long as price remains above the LTL 4h chart which is now around 159.5

If that breaks then we're going fast n hard.
Trade what you see, not what you think.
  • #1,235
  • Nov 3, 2008 5:18am Nov 3, 2008 5:18am
17x.xx is possible as long as price remains in this channel, we have some fibo level that could be good TPs for longs.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
Trade what you see, not what you think.
  • #1,236
  • Nov 3, 2008 5:36am Nov 3, 2008 5:36am
Price bouncing off the LTL 4h chart
Trade what you see, not what you think.
  • #1,237
  • Nov 3, 2008 7:29am Nov 3, 2008 7:29am
the 4h bear flag is broken, so forget all that bullish talk, it's not valid anymore.

I'm short from 160 area and will hold until I see things reversing on 4h chart

Go bears
Trade what you see, not what you think.
  • #1,238
  • Nov 3, 2008 7:47am Nov 3, 2008 7:47am
Quoting karmostaji
the 4h bear flag is broken, so forget all that bullish talk, it's not valid anymore.

I'm short from 160 area and will hold until I see things reversing on 4h chart

Go bears
i missed the train .. i'll wait for a good price to enter
I recommend you read something else as this sentence is now concluded.
  • #1,239
  • Nov 3, 2008 7:48am Nov 3, 2008 7:48am
hi karmo
i was wainting for the 4 h candle to close under the gann! we dont wait usualy for it to close under the gann . and we enter the next candle ?
am i late now ? price is 157.49
thanks
  • #1,240
  • Nov 3, 2008 7:49am Nov 3, 2008 7:49am
Quoting Obaidah
i missed the train .. i'll wait for a good price to enter
You always seem to miss the train, take your laptop and go to lilmoe's place, sit next to him and you won't miss the train next time lol
Trade what you see, not what you think.
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