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Karmo's trading strategy trading GBP/JPY

  • #1,421
  • Nov 10, 2008 8:05am Nov 10, 2008 8:05am
no offense , it is funny.
i thought it is something related to karmo strategy . thats why i asked for it
thanks


Quoting pkimnyc
hope you took no offense bro.
cheers.
  • #1,422
  • Nov 10, 2008 8:07am Nov 10, 2008 8:07am
Quoting imad
no offense , it is funny.
i thought it is something related to karmo strategy . thats why i asked for it
thanks
It is actually a very important part of karmo's strategy.
  • #1,423
  • Nov 10, 2008 8:08am Nov 10, 2008 8:08am
It didn't touch the 5ema H1.I missed the train....
Failure, is a wonderful teacher!
  • #1,424
  • Nov 10, 2008 8:26am Nov 10, 2008 8:26am
Quoting Verto
It is actually a very important part of karmo's strategy.
Failure, is a wonderful teacher!
  • #1,425
  • Nov 10, 2008 8:27am Nov 10, 2008 8:27am
Quoting mike1349
It didn't touch the 5ema H1.I missed the train....
sometimes price will retrace only to the 30m or 15m, and after an hour or two it will come and retrace to the 1h 5sma
Trade what you see, not what you think.
  • #1,426
  • Nov 10, 2008 8:49am Nov 10, 2008 8:49am
Quoting karmostaji
price touched 154.40 and a little bounce, I expect it to break eventually
There it goes breaking
Trade what you see, not what you think.
  • #1,427
  • Nov 10, 2008 8:54am Nov 10, 2008 8:54am
hi karmo
when the 4 h close below the gann and the qqe cross down on 4h , do we add a new short ? is it a signal that the bearish is being stronger or no ? since the smaller time frame are already bearish ?
thanks

Quoting karmostaji
sometimes price will retrace only to the 30m or 15m, and after an hour or two it will come and retrace to the 1h 5sma
  • #1,428
  • Nov 10, 2008 9:00am Nov 10, 2008 9:00am
taking partial profits. it's bouncing off the 16.8 fibo of the up move.
not sure if the down move is completed for now, but just trying to be safe.
  • #1,429
  • Nov 10, 2008 9:04am Nov 10, 2008 9:04am
Quoting imad
hi karmo
when the 4 h close below the gann and the qqe cross down on 4h , do we add a new short ? is it a signal that the bearish is being stronger or no ? since the smaller time frame are already bearish ?
thanks
Yes ofcourse
Trade what you see, not what you think.
  • #1,430
  • Nov 10, 2008 9:05am Nov 10, 2008 9:05am
Quoting pkimnyc
taking partial profits. it's bouncing off the 16.8 fibo of the up move.
not sure if the down move is completed for now, but just trying to be safe.
same here and moving stops into profit
Trade what you see, not what you think.
  • #1,431
  • Nov 10, 2008 9:06am Nov 10, 2008 9:06am
Quoting karmostaji
same here and moving stops into profit
hehe.
  • #1,432
  • Nov 10, 2008 9:28am Nov 10, 2008 9:28am
Good point Karmo.Thanks.

I went short from M15 5ema this time.

Already Sl to BE

Thanks buddy

Mike
Failure, is a wonderful teacher!
  • #1,433
  • Nov 10, 2008 9:46am Nov 10, 2008 9:46am
karmo
where is our first target ?
thanks
  • #1,434
  • Nov 10, 2008 9:49am Nov 10, 2008 9:49am
Quoting imad
karmo
where is our first target ?
thanks
150.50
149.50
139

then new low..
Trade what you see, not what you think.
  • #1,435
  • Nov 10, 2008 10:26am Nov 10, 2008 10:26am
The only thing in GU's way before it tanks is .5585, that level breaks and GU shall tank and take GJ with it
Trade what you see, not what you think.
  • #1,436
  • Nov 10, 2008 10:42am Nov 10, 2008 10:42am
Quoting karmostaji
I trade with IBFX, it is a personal choice
Thanks , but i read many traders had a bad experience with IBFX , what about u Karmo ?
  • #1,437
  • Nov 10, 2008 10:50am Nov 10, 2008 10:50am
Hi Karmo,
Let me say thanks for all your insight in this thread as well as Auslancos..

It seems to me that we're trading in a downward channel for the last while, from 149ish now to 158ish. I'm thinking it will hit around 149.5 then retrace up possibly 156-157?? if it respects the upper and lower channel trend line.

I know you mentioned its going to be a blood bath (on Auslancos thread), so I'm just wondering why you think it is going to break out of the range it has been in?

Thanks
  • #1,438
  • Nov 10, 2008 11:17am Nov 10, 2008 11:17am
Quoting tar
Thanks , but i read many traders had a bad experience with IBFX , what about u Karmo ?
I haven't experienced anything bad from them except for widening the spread during news and very volatile times.
Trade what you see, not what you think.
  • #1,439
  • Nov 10, 2008 11:22am Nov 10, 2008 11:22am
Quoting Cdawg
Hi Karmo,
Let me say thanks for all your insight in this thread as well as Auslancos..

It seems to me that we're trading in a downward channel for the last while, from 149ish now to 158ish. I'm thinking it will hit around 149.5 then retrace up possibly 156-157?? if it respects the upper and lower channel trend line.

I know you mentioned its going to be a blood bath (on Auslancos thread), so I'm just wondering why you think it is going to break out of the range it has been in?

Thanks
The 4h QQE is crossing back down and a candle is being formed below 4h gann. The price is still below daily gann hilo and QQE is starting to turn downwards.

I see lots of strong bearish signals.
Trade what you see, not what you think.
  • #1,440
  • Nov 10, 2008 2:08pm Nov 10, 2008 2:08pm
Quoting karmostaji
The 4h QQE is crossing back down and a candle is being formed below 4h gann. The price is still below daily gann hilo and QQE is starting to turn downwards.

I see lots of strong bearish signals.
if there is a small upmove then till where amd where is the downmove going to.

I am planning a fresh short, so wanted to confirm.
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