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Karmo's trading strategy trading GBP/JPY

  • #1,281
  • Nov 3, 2008 10:51pm Nov 3, 2008 10:51pm
Quoting jarroo
Traders trying to pick bottoms and buy orders just makes her meaner when she's on a terror.
picking bottom can be one of the gr8 mistake for a trader,,,I get burnt few times before...too...

Gota go with the flow...


Sonic
  • #1,282
  • Nov 3, 2008 10:57pm Nov 3, 2008 10:57pm
Quoting sonicdeejay
picking bottom can be one of the gr8 mistake for a trader,,,I get burnt few times before...too...

Gota go with the flow...


Sonic

Picking bottoms (or better said) a retrace should be done with more reasons then just "Wow, it dropped 550 pips its gotta retrace now". I'm not saying you have done this sonic, but I've see traders that have. Some obvious S/R levels and/or reversing Price Action would be a better bet.
Indicators show the past. Price Action "Indicates" the future.
  • #1,283
  • Nov 3, 2008 10:58pm Nov 3, 2008 10:58pm
hi all traders,

i just found this thread.....now im got high sell floating with 3 post...is the price will get down back again

sorry with my poor english
{Promotion Removed}
  • #1,284
  • Nov 3, 2008 11:07pm Nov 3, 2008 11:07pm
4h candle closed below support 155.5 on VT chart as well, more bears to come out n play soon.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 71 KB
Trade what you see, not what you think.
  • #1,285
  • Nov 3, 2008 11:08pm Nov 3, 2008 11:08pm
Quoting riz79fx
hi all traders,

i just found this thread.....now im got high sell floating with 3 post...is the price will get down back again

sorry with my poor english
Welcome riz,

You have sell positions open? at what price? why are you upset?
Trade what you see, not what you think.
  • #1,286
  • Nov 3, 2008 11:10pm Nov 3, 2008 11:10pm
Quoting karmostaji
4h candle closed below support 155.5 on VT chart as well, more bears to come out n play soon.
Getting some pip distance past the 154.50 would be nice.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,287
  • Nov 3, 2008 11:12pm Nov 3, 2008 11:12pm
Quoting karmostaji
Welcome riz,

You have sell positions open? at what price? why are you upset?
salam

bad day for me today...my sell post 153.93 / 153.88 / 154.25...

afraid my margin cannot hold for much longer...
{Promotion Removed}
  • #1,288
  • Nov 3, 2008 11:15pm Nov 3, 2008 11:15pm
Quoting riz79fx
salam

bad day for me today...my sell post 153.93 / 153.88 / 154.25...

afraid my margin cannot hold for much longer...
wSalam

Bad entries and your margin cannot hold? Oh boy, you are using bad money management for sure and over-leveraging, Bad!

You need to step back and look at what you are doing.
Trade what you see, not what you think.
  • #1,289
  • Nov 3, 2008 11:16pm Nov 3, 2008 11:16pm
Quoting karmostaji
Welcome riz,

You have sell positions open? at what price? why are you upset?
Salam
I recommend you read something else as this sentence is now concluded.
  • #1,290
  • Nov 3, 2008 11:19pm Nov 3, 2008 11:19pm
Quoting Obaidah
Salam
3alaikum alsalam & 9aba7 il5air

how are you bro?
Trade what you see, not what you think.
  • #1,291
  • Nov 3, 2008 11:19pm Nov 3, 2008 11:19pm
Quoting karmostaji
wSalam

Bad entries and your margin cannot hold? Oh boy, you are using bad money management for sure and over-leveraging, Bad!

You need to step back and look at what you are doing.

will wait...
{Promotion Removed}
  • #1,292
  • Nov 3, 2008 11:21pm Nov 3, 2008 11:21pm
Quoting karmostaji
3alaikum alsalam & 9aba7 il5air

how are you bro?
im good bro, thanks for asking, soo, sell rallies?
I recommend you read something else as this sentence is now concluded.
  • #1,293
  • Nov 3, 2008 11:25pm Nov 3, 2008 11:25pm
Quoting Obaidah
im good bro, thanks for asking, soo, sell rallies?
Yes sir
Trade what you see, not what you think.
  • #1,294
  • Nov 3, 2008 11:29pm Nov 3, 2008 11:29pm
Quoting karmostaji
Yes sir
this is the best way to start your day
I recommend you read something else as this sentence is now concluded.
  • #1,295
  • Nov 4, 2008 12:11am Nov 4, 2008 12:11am
if price could close below S1 (153.32) ,1st target is 150 .IMO
  • #1,296
  • Nov 4, 2008 12:34am Nov 4, 2008 12:34am
Added more shorts on the re-test of 155.5
Trade what you see, not what you think.
  • #1,297
  • Nov 4, 2008 12:44am Nov 4, 2008 12:44am
hi karmo
do you usually average your positions . and do you believe it is a good way to trade this beast ?
i mean when you see a good short , do you use enter directly a lot based on your mm. or you think since the strating to build your positons adding lots on every retrace .
reagrds
  • #1,298
  • Nov 4, 2008 12:55am Nov 4, 2008 12:55am
Price is well below 15m 50ema, and that means GJ is still bearish
Trade what you see, not what you think.
  • #1,299
  • Nov 4, 2008 12:56am Nov 4, 2008 12:56am
Quoting imad
hi karmo
do you usually average your positions . and do you believe it is a good way to trade this beast ?
i mean when you see a good short , do you use enter directly a lot based on your mm. or you think since the strating to build your positons adding lots on every retrace .
reagrds
I add on retracements and then close some for a couple of hundreds, then re-load again n so on, but I keep my shorts from the top or breakout which in this case is my shorts from 160
Trade what you see, not what you think.
  • #1,300
  • Nov 4, 2008 1:17am Nov 4, 2008 1:17am
bear flag on 5m chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
Trade what you see, not what you think.
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