Karmo's trading strategy trading GBP/JPY | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

simplest strategy for GBP/ JPY 101 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

strategy HILO on GBP/JPY 406 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Attachments: Karmo's trading strategy trading GBP/JPY
Exit Attachments

Karmo's trading strategy trading GBP/JPY

  • #1,341
  • Nov 5, 2008 11:08am Nov 5, 2008 11:08am
Quoting jarroo
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)
I forgot about agreeing with the 4 hour levels. duhhh
Indicators show the past. Price Action "Indicates" the future.
  • #1,342
  • Nov 5, 2008 12:47pm Nov 5, 2008 12:47pm
Quoting karmostaji
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.
Price went up towards the upper TL 160.80 and bounced

we might be going back down to the lower TL..
Trade what you see, not what you think.
  • #1,343
  • Nov 5, 2008 12:52pm Nov 5, 2008 12:52pm
On VT, the daily candle has not been able to close above the daily gann but the QQE has crossed up a long time ago, this is a strong indication of bearish continuation.
Attached Image
Trade what you see, not what you think.
  • #1,344
  • Nov 5, 2008 1:12pm Nov 5, 2008 1:12pm
Quoting karmostaji
On VT, the daily candle has not been able to close above the daily gann but the QQE has crossed up a long time ago, this is a strong indication of bearish continuation.
Meta trader Gann HiLo set to value 12 or 13 seems to agree with VT.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #1,345
  • Nov 5, 2008 2:38pm Nov 5, 2008 2:38pm
Meta trader Gann HiLo set to value 10 does not agree with VT. Shows the daily having crossed yesterday.
  • #1,346
  • Nov 5, 2008 2:42pm Nov 5, 2008 2:42pm
QQE on 1hr just crossed back below the 50 line. Is this a valid 1hr/4hr strategy sell signal ?
  • #1,347
  • Nov 5, 2008 2:47pm Nov 5, 2008 2:47pm
Quoting Foster
Meta trader Gann HiLo set to value 10 does not agree with VT. Shows the daily having crossed yesterday.
yes it is fact that there're some cases when VT HiLo crosses before MT4, however, the founder of this strategy built it on VT not on MT4.
I recommend you read something else as this sentence is now concluded.
  • #1,348
  • Nov 5, 2008 4:54pm Nov 5, 2008 4:54pm
Karmo,

When you are scalping do you use the Auslanco 1Hr/4Hr but on a smaller timeframe, like 5 min? Or a version of your own system?

I like the Auslanco system but would like to learn a good scalping method.

Thanks,
  • #1,349
  • Nov 5, 2008 10:36pm Nov 5, 2008 10:36pm
Quoting MykeFX
Karmo,

When you are scalping do you use the Auslanco 1Hr/4Hr but on a smaller timeframe, like 5 min? Or a version of your own system?

I like the Auslanco system but would like to learn a good scalping method.

Thanks,
Hey Myke,

I'm not a good scalper lol, but I try.. I use auslanco's method on smaller TF like the 5m/15m and try to grab anything from 10-50 pips n get out quick

I need to learn a better scalping method though..
Trade what you see, not what you think.
  • #1,350
  • Nov 5, 2008 10:47pm Nov 5, 2008 10:47pm
Simple
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
Trade what you see, not what you think.
  • #1,351
  • Nov 5, 2008 10:59pm Nov 5, 2008 10:59pm
hi karmo
do you use the bounce on trendlines ?? when i look at your charts it looks so easy to just enter a buy at the lower line and a sell at the upper one .
thanks
  • #1,352
  • Nov 5, 2008 11:00pm Nov 5, 2008 11:00pm
Quoting imad
hi karmo
do you use the bounce on trendlines ?? when i look at your charts it looks so easy to just enter a buy at the lower line and a sell at the upper one .
thanks
It is easy, price could retest the lower TL again and even the lower TL you see around 152.xx
Trade what you see, not what you think.
  • #1,353
  • Nov 6, 2008 12:31am Nov 6, 2008 12:31am
I'm long from 154.50 again, SL 154, TP is open

This is again based on the chart I posted earlier.
Trade what you see, not what you think.
  • #1,354
  • Nov 6, 2008 1:13am Nov 6, 2008 1:13am
hi karmo ( hope u dont do sharjah dubai during the day )
so this long trade is based on the bouce of the pair on the lower trend line ? right ? because the gann on qqe on 4 h chart is bearish ,
thanks
  • #1,355
  • Nov 6, 2008 1:17am Nov 6, 2008 1:17am
Quoting imad
hi karmo ( hope u dont do sharjah dubai during the day )
so this long trade is based on the bouce of the pair on the lower trend line ? right ? because the gann on qqe on 4 h chart is bearish ,
thanks
LOL nah

I'm relying more on my own TL's I've drawn than the 4h gann because that thing has been all over the place for the past 2 days coz of the ranging. so yah I'm long based on the bounce off the lower TL and 154.4 support
Trade what you see, not what you think.
  • #1,356
  • Nov 6, 2008 1:23am Nov 6, 2008 1:23am
karmo
since i am so lousy in drawing these lines . i am using an indicator ? could you pleae tell me if it s right these lines and if this indicator i can rely on it ?
thanks
  • #1,357
  • Nov 6, 2008 1:24am Nov 6, 2008 1:24am
this is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.gif Size: 14 KB
  • #1,358
  • Nov 6, 2008 1:27am Nov 6, 2008 1:27am
Quoting imad
karmo
since i am so lousy in drawing these lines . i am using an indicator ? could you pleae tell me if it s right these lines and if this indicator i can rely on it ?
thanks
I wouldn't rely on any indicator drawing trendlines, you need to do it yourself, you need practice.

When I first started drawing, I have no clue at all, I just kept trying.. never give up

Look at the charts I post and see how I draw them, you'll learn by practice.
Trade what you see, not what you think.
  • #1,359
  • Nov 6, 2008 1:32am Nov 6, 2008 1:32am
karmo
i will try nd i have been trying , but i find it so subjective these lines , i look at your chart and sometimes you consider the wicks sometime you dont . but i will keep trying and i hope can do it as good as u do one day .
by the way . is there any clue when we do expect these lines to be broken and we we expect the price to bounce on it .?
thanks
  • #1,360
  • Nov 6, 2008 1:34am Nov 6, 2008 1:34am
Quoting imad
karmo
i will try nd i have been trying , but i find it so subjective these lines , i look at your chart and sometimes you consider the wicks sometime you dont . but i will keep trying and i hope can do it as good as u do one day .
by the way . is there any clue when we do expect these lines to be broken and we we expect the price to bounce on it .?
thanks
Price action
Trade what you see, not what you think.
5 traders viewing now