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Karmo's trading strategy trading GBP/JPY

  • #1,401
  • Nov 10, 2008 9:06am Nov 10, 2008 9:06am
Quoting karmostaji
A close below 1h gann, 50ema, black TL, and 154.50 and shorts will be back and target would be the 4h gann and then the LT of the 4h bull flag around 150

with the gap up we had today, the 4h QQE have crossed up and a candle has formed above 4h gann, this is not truly bullish since it was caused by the gap up, we will have to see.
karmo, thanks for your explanation earlier today. i could have gotten on the wrong side of the trade again (lol). BTW, just learned about the ignor list. it's working out great. thanks.
  • #1,402
  • Nov 10, 2008 9:06am Nov 10, 2008 9:06am
GJ broke the TL, 1h gann, 50ema, and is sitting right on the support 154.40

Just what I was expecting it to do.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 28 KB
Trade what you see, not what you think.
  • #1,403
  • Nov 10, 2008 9:08am Nov 10, 2008 9:08am
Quoting karmostaji
GU broke the bear flag

once GJ breaks 154.40, look down below

once GJ breaks 150.50, hell will welcome you
do we meet miss universe 2050 in hell ?
  • #1,404
  • Nov 10, 2008 9:08am Nov 10, 2008 9:08am
Quoting pkimnyc
karmo, thanks for your explanation earlier today. i could have gotten on the wrong side of the trade again (lol). BTW, just learned about the ignor list. it's working out great. thanks.
Sure thing bro

Let's collect those lovely green pips, this week should be good
Trade what you see, not what you think.
  • #1,405
  • Nov 10, 2008 9:08am Nov 10, 2008 9:08am
Quoting karmostaji
Sure thing bro

Let's collect those lovely green pips, this week should be good
  • #1,406
  • Nov 10, 2008 9:09am Nov 10, 2008 9:09am
Quoting forexlion
do we meet miss universe 2050 in hell ?
we might meet Miss India soon lol
Trade what you see, not what you think.
  • #1,407
  • Nov 10, 2008 9:13am Nov 10, 2008 9:13am
karmo,

would you mind repeating - why you believe the 154.40 is important?

Thanks
yyssw
  • #1,408
  • Nov 10, 2008 9:14am Nov 10, 2008 9:14am
GU broke the bear flag to the downside, next support level is the LT of the triangle, once that breaks then tanking time.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
Trade what you see, not what you think.
  • #1,409
  • Nov 10, 2008 9:16am Nov 10, 2008 9:16am
Quoting bagpuss
karmo,

would you mind repeating - why you believe the 154.40 is important?

Thanks
Sure
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 42 KB
Trade what you see, not what you think.
  • #1,410
  • Nov 10, 2008 9:16am Nov 10, 2008 9:16am
Quoting karmostaji
GJ broke the TL, 1h gann, 50ema, and is sitting right on the support 154.40

Just what I was expecting it to do.
the trendlines drawn on 1 h are they indictor based or hand drawn
  • #1,411
  • Nov 10, 2008 9:17am Nov 10, 2008 9:17am
Quoting forexlion
the trendlines drawn on 1 h are they indictor based or hand drawn
Hand drawn by karmo
Trade what you see, not what you think.
  • #1,412
  • Nov 10, 2008 9:23am Nov 10, 2008 9:23am
Karmo,
In my chart price closed below H1 Gann.Do you think it's good to go short after retrace to 5ema?

Thanks
Mike
Failure, is a wonderful teacher!
  • #1,413
  • Nov 10, 2008 9:24am Nov 10, 2008 9:24am
Quoting mike1349
Karmo,
In my chart price closed below H1 Gann.Do you think it's good to go short after retrace to 5ema?

Thanks
Mike
yes ofcourse, with SL in place
Trade what you see, not what you think.
  • #1,414
  • Nov 10, 2008 9:31am Nov 10, 2008 9:31am
hi
what is this list ? could you please direct me to the post talking about it
regards
imad
Quoting pkimnyc
karmo, thanks for your explanation earlier today. i could have gotten on the wrong side of the trade again (lol). BTW, just learned about the ignor list. it's working out great. thanks.
  • #1,415
  • Nov 10, 2008 9:34am Nov 10, 2008 9:34am
Quoting karmostaji
yes ofcourse, with SL in place
As a G/Y trader , which broker you prefer ? oanda ... ?
  • #1,416
  • Nov 10, 2008 9:35am Nov 10, 2008 9:35am
Quoting tar
As a G/Y trader , which broker you prefer ? oanda ... ?
I trade with IBFX, it is a personal choice
Trade what you see, not what you think.
  • #1,417
  • Nov 10, 2008 9:38am Nov 10, 2008 9:38am
Quoting imad
hi
what is this list ? could you please direct me to the post talking about it
regards
imad
for example.
Attached Image
  • #1,418
  • Nov 10, 2008 9:40am Nov 10, 2008 9:40am
Quoting pkimnyc
for example.
Trade what you see, not what you think.
  • #1,419
  • Nov 10, 2008 9:57am Nov 10, 2008 9:57am
hey thank you that s a good explanation . i got it


Quoting pkimnyc
for example.
  • #1,420
  • Nov 10, 2008 10:00am Nov 10, 2008 10:00am
Quoting imad
hey thank you that s a good explanation . i got it
hope you took no offense bro.
cheers.
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