Karmo's trading strategy trading GBP/JPY | Page 78 | 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

  • #1,541
  • Nov 24, 2008 4:14pm Nov 24, 2008 4:14pm
Quoting TraderStar
She's forming a fractal at that 146+ level, right at top of rgitt's triangle ... let's see what's next.
Definitely a close well above the 4h gann and just now above the daily gann as well .. but I am sniffing something funny about this up move. However if she gets higher with any momentum, then she may be serious about this northbound express.

Keep scalping, karmo .. and keep 'em guessing

One thing I know about bear rallies is that they are impulsive. The pros want to sell this thing higher for the ultimate market crash ... the higher they can get it the better value they are paying. This week , with low liquidity in the markets would be the best week to manipulate price up into the lower 150s

The interesting thing is that the UJ is driven by the stock markets , where as the GU not so much. If one looks at the DX ( usd index) we have been forming a top off 88 the usd should get a bit weaker this week , taking Gu and hence GJ higher.

I think we may see some form of retracement of the major down move , maybe even to the 38% fib reatracement on the daily at 160.

I would be interested to see a posting of the a daily chart with gann on it

Blogging daily now at www.volume.zone
  • #1,542
  • Nov 24, 2008 10:29pm Nov 24, 2008 10:29pm
Quoting karmostaji
My target is the weekly 5sma which is close to 148, also the 38.2% fibo

If we get a daily candle close above daily gann (on VT) then we shall see a bigger retrace.
This target reached too
Trade what you see, not what you think.
  • #1,543
  • Nov 25, 2008 12:20am Nov 25, 2008 12:20am
I'm long from 146, target is 151, sl is just below 4h gann
Trade what you see, not what you think.
  • #1,544
  • Nov 25, 2008 1:09am Nov 25, 2008 1:09am
Quoting karmostaji
I'm long from 146, target is 151, sl is just below 4h gann
Karmo, are you still hold your long..?

thanks
  • #1,545
  • Nov 25, 2008 1:11am Nov 25, 2008 1:11am
Quoting Fiesta_id
Karmo, are you still hold your long..?

thanks
This is a swing trade and good MM is used. my SL is below 4h gann and if hit i'll lose 2% only.
Trade what you see, not what you think.
  • #1,546
  • Nov 25, 2008 1:13am Nov 25, 2008 1:13am
Price is in a bull-flag on 15m chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 27 KB
Trade what you see, not what you think.
  • #1,547
  • Nov 25, 2008 5:12pm Nov 25, 2008 5:12pm
Karmo,

What happened to you today? You were not online. Did they piss you off, answer only if you want.

I know that you are a longer term trader & I'm trying to learn your style. I have found that your predictions, more times than not, are on target. Over on that other thread (Scalper Thread), everyone is screaming up, down, no wait, up, no no no down....


So, what is your take on the GJ?

Thanks,
Vanhook2
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,548
  • Nov 25, 2008 8:01pm Nov 25, 2008 8:01pm
Quoting Vanhook2
I know that you are a longer term trader & I'm trying to learn your style. I have found that your predictions, more times than not, are on target. Over on that other thread (Scalper Thread), everyone is screaming up, down, no wait, up, no no no down....

Vanhook, I couldn't agree more .. I am just not interested in trying to catch every possible pip. Maybe after I have mastered karmo's trading style (which is based on auslanco's) I will check other threads for more ideas .. but probably not. K makes thousands of pips with a very laid back style that nails most moves. As you said, in the other place, it is a cacophony of noise & confusion & frenetic pip-chasing. There may be traders making money, but way too stressful for me.
Karmo, Dra, Rgitt, Godfrey, and a few others have methodologies that keep you on the right side of moves. If one can master their methods, there will be tons of green pips without spending stressful hours in front of the computer
  • #1,549
  • Nov 25, 2008 11:06pm Nov 25, 2008 11:06pm
To add to TS's post, do yourself a favor and don't trade the rest of the week. Whenever the US has a Holiday week, especially one on a Thursday, you're going to see strange and erratic price action. I am a PA trader and it is way too volitile to get a grasp of true direction.
  • #1,550
  • Nov 25, 2008 11:11pm Nov 25, 2008 11:11pm
Quote
Vanhook, I couldn't agree more .. I am just not interested in trying to catch every possible pip. Maybe after I have mastered karmo's trading style (which is based on auslanco's) I will check other threads for more ideas .. but probably not. K makes thousands of pips with a very laid back style that nails most moves. As you said, in the other place, it is a cacophony of noise & confusion & frenetic pip-chasing. There may be traders making money, but way too stressful for me.
Karmo, Dra, Rgitt, Godfrey, and a few others have methodologies that keep...

Good work u r doing here man, just to say hi
well done
  • #1,551
  • Nov 26, 2008 12:38am Nov 26, 2008 12:38am
Quoting karmostaji
Price is in a bull-flag on 15m chart
I see a lot of MA python in your chart.and you seems to used all this nonsense indicator.. ....
  • #1,552
  • Nov 26, 2008 12:40am Nov 26, 2008 12:40am
Quoting Vanhook2
Karmo,

What happened to you today? You were not online. Did they piss you off, answer only if you want.

I know that you are a longer term trader & I'm trying to learn your style. I have found that your predictions, more times than not, are on target. Over on that other thread (Scalper Thread), everyone is screaming up, down, no wait, up, no no no down....


So, what is your take on the GJ?

Thanks,
Vanhook2
What does your nonsense indicator tells you ? To buy or Sell?. And Your MA paython....do they strangle each others?
  • #1,553
  • Nov 26, 2008 1:00am Nov 26, 2008 1:00am
I was busying making green pips, price action was nuts yesterday but I stayed bullish until I saw price fail to break 148.

If price manages to get below 4h gann, then my target is 141.50
Trade what you see, not what you think.
  • #1,554
  • Nov 26, 2008 1:11am Nov 26, 2008 1:11am
Quoting mynor5535101
I see a lot of MA python in your chart.and you seems to used all this nonsense indicator.. ....
Stay out dude if you haven't got anything positive to say, go now go now run to mommy.
Enter Signature
  • #1,555
  • Nov 26, 2008 1:25am Nov 26, 2008 1:25am
Quoting karmostaji
I was busying making green pips, price action was nuts yesterday but I stayed bullish until I saw price fail to break 148.

If price manages to get below 4h gann, then my target is 141.50
Hi Karmo. Can you tell me what 141.50 represents? Thank you
  • #1,556
  • Nov 26, 2008 1:43am Nov 26, 2008 1:43am
Quoting greenhorn
Hi Karmo. Can you tell me what 141.50 represents? Thank you
retest of the broken daily TL
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
Trade what you see, not what you think.
  • #1,557
  • Nov 26, 2008 1:50am Nov 26, 2008 1:50am
Quoting karmostaji
retest of the broken daily TL
Thank you Karmo
  • #1,558
  • Nov 26, 2008 3:09am Nov 26, 2008 3:09am
Quoting karmostaji
retest of the broken daily TL
I like this type of Chart, simple and straight foward.....No MA Phyton and nonsense Indicator.....The direction are clear
  • #1,559
  • Nov 26, 2008 4:54am Nov 26, 2008 4:54am
Quoting karmostaji
retest of the broken daily TL
why couldn't I see this?? thanks karmo
  • #1,560
  • Nov 26, 2008 6:51am Nov 26, 2008 6:51am
Quoting mynor5535101
What does your nonsense indicator tells you ? To buy or Sell?. And Your MA paython....do they strangle each others?
Just 1 more idiot / non helpful person on my ignore list.

Congrats mynor5535101.
I trade what I see on my charts. Do Not listen to the Muppets.
1 trader viewing now