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Karmo's trading strategy trading GBP/JPY

  • #1,261
  • Nov 3, 2008 3:26pm Nov 3, 2008 3:26pm
whats next
  • #1,262
  • Nov 3, 2008 3:35pm Nov 3, 2008 3:35pm
My short target 148.19, kindly verify this karmo
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Click to Enlarge Name: gj.gif Size: 6 KB
  • #1,263
  • Nov 3, 2008 3:42pm Nov 3, 2008 3:42pm
we go to 152.5 and then up again

R

Quoting forexlion
whats next
  • #1,264
  • Nov 3, 2008 9:44pm Nov 3, 2008 9:44pm
Quoting Norte
the old ones is better buddy.. more mysterious more cool
Hi Karmo, Glad to see you're back to the old avatar, COOL Buddy..
  • #1,265
  • Nov 3, 2008 9:46pm Nov 3, 2008 9:46pm
Quoting Norte
Hi Karmo, Glad to see you're back to the old avatar, COOL Buddy..
I like it better too
Trade what you see, not what you think.
  • #1,266
  • Nov 3, 2008 9:47pm Nov 3, 2008 9:47pm
Quoting forexlion
My short target 148.19, kindly verify this karmo
if we get a 4h candle close below 155.5 then target will be much lower than 148
Trade what you see, not what you think.
  • #1,267
  • Nov 3, 2008 10:20pm Nov 3, 2008 10:20pm
we get candle 4h close below 155.5 now...., it will go tank..?
  • #1,268
  • Nov 3, 2008 10:20pm Nov 3, 2008 10:20pm
hi karmo good morning
i have closed my positions yesterday with green pips , thanks .
the market is obviously heading down . what is the best reentry , when the retrace to 5 ema on 15 min chart ? or 4 h chart . ?
how do you reenter ?
thanks
  • #1,269
  • Nov 3, 2008 10:24pm Nov 3, 2008 10:24pm
Quoting imad
hi karmo good morning
i have closed my positions yesterday with green pips , thanks .
the market is obviously heading down . what is the best reentry , when the retrace to 5 ema on 15 min chart ? or 4 h chart . ?
how do you reenter ?
thanks
I'm holding from 160, 157, 156

you can enter on any retracement to 5sma on 15m, 30m, 1h
Trade what you see, not what you think.
  • #1,270
  • Nov 3, 2008 10:25pm Nov 3, 2008 10:25pm
Quoting Norte
we get candle 4h close below 155.5 now...., it will go tank..?
yes it should tank, lock in profits n wait
Trade what you see, not what you think.
  • #1,271
  • Nov 3, 2008 10:27pm Nov 3, 2008 10:27pm
you mentioned targets below 148 are you thinking that it may test new lows? Man you seem to be reading the market like you are writing it. Nicely done.
  • #1,272
  • Nov 3, 2008 10:29pm Nov 3, 2008 10:29pm
Quoting gman29
you mentioned targets below 148 are you thinking that it may test new lows? Man you seem to be reading the market like you are writing it. Nicely done.
We should see a new low in the coming days, GU will most probably be making a new low as well.

My charts talk to me and I listen carefully, that's all.
Trade what you see, not what you think.
  • #1,273
  • Nov 3, 2008 10:35pm Nov 3, 2008 10:35pm
Classic breakout trade as well. The touch of the 5 sma on the 4hour and then heading down help confirm my entry at the break of 156.00 at 155.95.

When she starts running, get the hell out of her way.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,274
  • Nov 3, 2008 10:36pm Nov 3, 2008 10:36pm
Quoting karmostaji
We should see a new low in the coming days, GU will most probably be making a new low as well.

My charts talk to me and I listen carefully, that's all.
Hi Karmo!

Are you based on Fundamental aspect or technical aspect, or both of them?

TIA.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,275
  • Nov 3, 2008 10:37pm Nov 3, 2008 10:37pm
Quoting JhonMonsalve
Hi Karmo!

Are you based on Fundamental aspect or technical aspect, or both of them?

TIA.
what's Fundamental? lol, I trade completely based on technical analysis
Trade what you see, not what you think.
  • #1,276
  • Nov 3, 2008 10:40pm Nov 3, 2008 10:40pm
Quoting karmostaji
what's Fundamental? lol, I trade completely based on technical analysis
Ic hehe, Thanks
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #1,277
  • Nov 3, 2008 10:42pm Nov 3, 2008 10:42pm
Quoting jarroo
Classic breakout trade as well. The touch of the 5 sma on the 4hour and then heading down help confirm my entry at the break of 156.00 at 155.95.

When she starts running, get the hell out of her way.
Definitely, great advice
Trade what you see, not what you think.
  • #1,278
  • Nov 3, 2008 10:45pm Nov 3, 2008 10:45pm
Quoting karmostaji
Definitely, great advice
Traders trying to pick bottoms and buy orders just makes her meaner when she's on a terror.
Indicators show the past. Price Action "Indicates" the future.
  • #1,279
  • Nov 3, 2008 10:47pm Nov 3, 2008 10:47pm
Quoting jarroo
Traders trying to pick bottoms and buy orders just makes her meaner when she's on a terror.
LOL yah, those people have smelly fingers as you say
Trade what you see, not what you think.
  • #1,280
  • Nov 3, 2008 10:50pm Nov 3, 2008 10:50pm
Quoting karmostaji
LOL yah, those people have smelly fingers as you say
Indicators show the past. Price Action "Indicates" the future.
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