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Karmo's trading strategy trading GBP/JPY

  • #1,321
  • Nov 4, 2008 9:58am Nov 4, 2008 9:58am
Hay forexline it the any way you can shear this indicator so I can drive test it thank you
  • #1,322
  • Nov 4, 2008 10:06am Nov 4, 2008 10:06am
well the move in stocks was too strong, couldn't get a 4 hour candle close on the 610 line to confirm the short guess i will wait it out
  • #1,323
  • Nov 4, 2008 11:04am Nov 4, 2008 11:04am
4h candle closed above 4h gann and QQE crossed upwards, I'll be buying dips when price retraces to 4h 5sma around 159 or so
Trade what you see, not what you think.
  • #1,324
  • Nov 4, 2008 11:24am Nov 4, 2008 11:24am
karmo
odel this is the second 4 h candle( the 2nd didnt close yet ) above the gann and qqe didnt cross yet .
what s the time of your broker ? and what MT4 broker is having the same time as vt?
like this we can follow u
thanks
  • #1,325
  • Nov 4, 2008 11:58am Nov 4, 2008 11:58am
GJ bouncing off the upper TL of the bull-flag
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
Trade what you see, not what you think.
  • #1,326
  • Nov 4, 2008 11:59am Nov 4, 2008 11:59am
Quoting imad
karmo
odel this is the second 4 h candle( the 2nd didnt close yet ) above the gann and qqe didnt cross yet .
what s the time of your broker ? and what MT4 broker is having the same time as vt?
like this we can follow u
thanks
IBFX uses the same time as VT but this past day or 2 IBFX is 1 hour earlier.
Trade what you see, not what you think.
  • #1,327
  • Nov 4, 2008 1:01pm Nov 4, 2008 1:01pm
Quoting karmostaji
IBFX uses the same time as VT but this past day or 2 IBFX is 1 hour earlier.
i've been looking for some infomation about the leverage they use but i couldnt find anything, is it adjustable?, and what about spreads and commission? one last thing, am i allowed to use scripts?
I recommend you read something else as this sentence is now concluded.
  • #1,328
  • Nov 4, 2008 1:34pm Nov 4, 2008 1:34pm
Quoting Obaidah
i've been looking for some infomation about the leverage they use but i couldnt find anything, is it adjustable?, and what about spreads and commission? one last thing, am i allowed to use scripts?
you can choose the leverage, 200:1 , 100:1 etc...
spreads are okay until news time, they are widened at news time and very volatile times.
Dunno about scripts but you can run EA's
Trade what you see, not what you think.
  • #1,329
  • Nov 4, 2008 1:45pm Nov 4, 2008 1:45pm
Quoting karmostaji
you can choose the leverage, 200:1 , 100:1 etc...
spreads are okay until news time, they are widened at news time and very volatile times.
Dunno about scripts but you can run EA's
one last question because im to open account this week

they widen the spread by 10 pips or 100s? and how often do they widen them, 2 times a day?

now those were 2 questions! haha.
I recommend you read something else as this sentence is now concluded.
  • #1,330
  • Nov 4, 2008 1:48pm Nov 4, 2008 1:48pm
Quoting Obaidah
one last question because im to open account this week

they widen the spread by 10 pips or 100s? and how often do they widen them, 2 times a day?

now those were 2 questions! haha.
I haven't seen 100s, definitely less.. 10-20 on normal news but if things get crazy, i've seen 40-50

the 10 might be once a day, sometimes nothing at all, it depends
Trade what you see, not what you think.
  • #1,331
  • Nov 4, 2008 1:50pm Nov 4, 2008 1:50pm
Quoting karmostaji
4h candle closed above 4h gann and QQE crossed upwards, I'll be buying dips when price retraces to 4h 5sma around 159 or so
Just went long at 15m 50ema 158.90
Trade what you see, not what you think.
  • #1,332
  • Nov 4, 2008 3:28pm Nov 4, 2008 3:28pm
Hey, Karmo.

I am still getting comfortable with this indicator and have a question. I see reference to QQE crosses on the M5, M15, M30, H1 and H4 timeframes. Do you still utilize all these time frames? What about Day or Week?

Jay
  • #1,333
  • Nov 4, 2008 10:37pm Nov 4, 2008 10:37pm
Generally, from what I have observed on the forum from Karmo and others and comparing it to my own charts, H4 is the big one to look at. Here is what I understand:

QQE cross onHigher the TF, the stronger the signal)
D Good for overall confirmation of trend
4H Agree
1H Agree
30M Agree

Gann Candle 0 clearly above or below)
D Good for overall confirmation of trend
4H Agree
1H Agree
30M Agree

Fib Retracement on the WK, D, H4 and H1 looking for overlap of these to be careful of or exploit strong S/R levels.

Use of the 5 SMA on the 15, 30, 1, 4 TF for re-entry on the dips and bumps to follow the overall strategy. Other MA's such as the 50 and 200 are also used.

Utilize the 4H and D chart for overall channel of price movement. These will also provide a good breakout point keeping in mind the above...

My 2 cents. If Karmo can expand on this, debunk it, whatever, since I could be dead wrong on almost everything!

I'm not of the Geppy tamer!
  • #1,334
  • Nov 5, 2008 4:16am Nov 5, 2008 4:16am
Quoting karmostaji
Just went long at 15m 50ema 158.90
my SL was below 4h gann and this position got stopped out.

I'm gonna sit on the sidelines for a bit and see what develops.
Trade what you see, not what you think.
  • #1,335
  • Nov 5, 2008 4:30am Nov 5, 2008 4:30am
If price reaches 154.4 or the LTL of the 4h TL, I'll try a long.. otherwise I'll wait for 30m/1h QQE to turn bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
Trade what you see, not what you think.
  • #1,336
  • Nov 5, 2008 4:46am Nov 5, 2008 4:46am
Took the short off the touch of the 5 sma on the hourly QQE down.
(Dark Orange line is the 50 ema on the 4 hour)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #1,337
  • Nov 5, 2008 5:02am Nov 5, 2008 5:02am
15m QQE crossed upwards with 15m candle close above gann, 1st bullish sign.

If we get a 30m bullish signal, I will take it.
Trade what you see, not what you think.
  • #1,338
  • Nov 5, 2008 5:53am Nov 5, 2008 5:53am
1h bull flag broken to the upside..

Target is 161 which is the upper TL of the 4h bull-flag, if that breaks then target is the broken monthly TL around 175

Trade your chart and with confirmation.
Trade what you see, not what you think.
  • #1,339
  • Nov 5, 2008 6:12am Nov 5, 2008 6:12am
We have a valid 30m long signal

We also have a 1h candle close above gann, QQE hasn't crossed yet on 1h TF.
Trade what you see, not what you think.
  • #1,340
  • Nov 5, 2008 10:20am Nov 5, 2008 10:20am
G/Y-
I have the QQE cross up on H4 and H1, with both above the Gann. This is on IBFX platform.

Looks like bulls are back. I'm playing the bumps and dips now...
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