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Karmo's trading strategy trading GBP/JPY

  • #1,601
  • Dec 2, 2008 1:35pm Dec 2, 2008 1:35pm
Quoting karmostaji
Thanks bro

If QQE doesn't cross then it's not confirmed, you must wait another candle or more until it does, because price could get back above gann before QQE crossing n u might end up taking a loss.


thanks for your help bro.
  • #1,602
  • Dec 3, 2008 10:44am Dec 3, 2008 10:44am
OK, let me try an analysis here ...
GY is well below gann on 4 h but still above the QQE
GU is below gann and QQE.

So I would think the next best short entry for GY would be on a pb to 141-ish, the Daily R1 and .38 fib, if there is little buy pressure at the time. This would also be a 4th retest of that area .. and since daily should close below gann & QQE crossed down today, the next drop could be substantial.

Comments?
  • #1,603
  • Dec 3, 2008 11:00am Dec 3, 2008 11:00am
Quoting TraderStar
OK, let me try an analysis here ...
GY is well below gann on 4 h but still above the QQE
GU is below gann and QQE.

So I would think the next best short entry for GY would be on a pb to 141-ish, the Daily R1 and .38 fib, if there is little buy pressure at the time. This would also be a 4th retest of that area .. and since daily should close below gann & QQE crossed down today, the next drop could be substantial.

Comments?
Can/will you show your GY chart with your Fibs.?
Thanks again
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,604
  • Dec 3, 2008 2:04pm Dec 3, 2008 2:04pm
The pinkish area is where I would re-enter/add if it gets there with weak upward momentum. Daily QQE is just crossing down and daily may be forming a bearish engulfing.
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  • #1,605
  • Dec 3, 2008 3:26pm Dec 3, 2008 3:26pm
Quoting TraderStar
The pinkish area is where I would re-enter/add if it gets there with weak upward momentum. Daily QQE is just crossing down and daily may be forming a bearish engulfing.

It helps me to see other people's Fib levels.
To see if I'm on track or not.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,606
  • Dec 4, 2008 9:16am Dec 4, 2008 9:16am
hey folks
I recommend you read something else as this sentence is now concluded.
  • #1,607
  • Dec 4, 2008 9:18am Dec 4, 2008 9:18am
Quoting Obaidah
hey folks
Hey bro, it's been a while since I last saw you around, everything is okay?
Trade what you see, not what you think.
  • #1,608
  • Dec 4, 2008 9:36am Dec 4, 2008 9:36am
Quoting karmostaji
Hey bro, it's been a while since I last saw you around, everything is okay?
yes it has, everything is just fine, thanks for asking what about you bro?
I recommend you read something else as this sentence is now concluded.
  • #1,609
  • Dec 4, 2008 9:37am Dec 4, 2008 9:37am
Quoting Obaidah
yes it has, everything is just fine, thanks for asking what about you bro?
Everything has been great
Trade what you see, not what you think.
  • #1,610
  • Dec 4, 2008 9:45am Dec 4, 2008 9:45am
Quoting karmostaji
Everything has been great
thanks Allah, hope everything been doing great too
I recommend you read something else as this sentence is now concluded.
  • #1,611
  • Dec 4, 2008 8:25pm Dec 4, 2008 8:25pm
Quote
Originally Posted by karmostaji http://www.forexfactory.com/images/buttons/viewpost.gif
Everything has been great

Quoting Obaidah
thanks Allah, hope everything been doing great too
OK! Now that we know you are both fine ... what's going on with the guppy?? Please remember to post comments in here karmo

That 141 pullback I was hoping for looks more improbable .. there was a good short entry around 137.40 earlier .. but what's in the crystal ball for the next week .. or two? Any chance of a really decent pullback?
  • #1,612
  • Edited 10:18am Dec 5, 2008 9:54am | Edited 10:18am
Quoting TraderStar
OK! Now that we know you are both fine ... what's going on with the guppy?? Please remember to post comments in here karmo

That 141 pullback I was hoping for looks more improbable .. there was a good short entry around 137.40 earlier .. but what's in the crystal ball for the next week .. or two? Any chance of a really decent pullback?
hey girl, its been a while, here're some charts and i hope you sure your thoughts please,

h4 qqe refuses to cross to the downside and daily momentum been recovering while price going down, however, im looking for bullish/reversal signs but its very possible that we'll visit 130-129 before anything interesting happen, for the comming 2 weeks, i'll be looking for break above 140 followed by 147 to confirm the reversal, the rest of details are listed on the chart, good luck

the third edit: break below 129 and this senario will be very invalid, i must get ma coffee
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I recommend you read something else as this sentence is now concluded.
  • #1,613
  • Dec 5, 2008 12:52pm Dec 5, 2008 12:52pm
Quoting Obaidah
h4 qqe refuses to cross to the downside and daily momentum been recovering while price going down, however, im looking for bullish/reversal signs but its very possible that we'll visit 130-129 before anything interesting happen, for the comming 2 weeks, i'll be looking for break above 140 followed by 147 to confirm the reversal, the rest of details are listed on the chart, good luck

the third edit: break below 129 and this senario will be very invalid, i must get ma coffee
I agree there is strong resistence to this just taking a dump which it should do, that's why I was hoping for a stronger pullback to the 141ish area as that could give it the momentum into the 120's.
She's really back in no man's land at the moment, needs to break above 141 or below 129 as you said. Just scalping opps in here.

Have a great weekend!
  • #1,614
  • Dec 7, 2008 7:55pm Dec 7, 2008 7:55pm
Quoting TraderStar

The key to everything is patience.

You get the chicken by hatching the egg, not by smashing it open.
But first we need to lay the egg, and for that the hen must find a cockerel first.

Anyways, yes there is a strong resistance in this area and plenty of wood to chop before we get anywhere, and the forming chart is suggestive of nothing more than 138.30 for now.

I could be wrong.
  • #1,615
  • Dec 8, 2008 12:11am Dec 8, 2008 12:11am
Price is above 4h gann, 1h gann, 1h 50ema, so buy dips and first TP is 4h 50ema.
Trade what you see, not what you think.
  • #1,616
  • Dec 8, 2008 3:08am Dec 8, 2008 3:08am
Quoting karmostaji
Price is above 4h gann, 1h gann, 1h 50ema, so buy dips and first TP is 4h 50ema.
achieved and crossed, next ?
  • #1,617
  • Dec 8, 2008 3:10am Dec 8, 2008 3:10am
Quoting junglelion
achieved and crossed, next ?
will wait to see if 4h candle closes above or below 4h 50ema
Trade what you see, not what you think.
  • #1,618
  • Dec 8, 2008 4:55am Dec 8, 2008 4:55am
Quoting karmostaji
will wait to see if 4h candle closes above or below 4h 50ema
Hiya Karmo!

That would be a close < or > than 139.64 4H 50 ema on my chart. What of the QQE on the 4H chart is upwards since the 2nd of last week. This confirm bull move?
  • #1,619
  • Dec 8, 2008 4:58am Dec 8, 2008 4:58am
Quoting USTrader
Hiya Karmo!

That would be a close < or > than 139.64 4H 50 ema on my chart. What of the QQE on the 4H chart is upwards since the 2nd of last week. This confirm bull move?
the 4h QQE is bullish for now, but for GJ to be truly bullish, it needs to close above 4h 50ema and break the daily TL at 141
Trade what you see, not what you think.
  • #1,620
  • Dec 8, 2008 4:59am Dec 8, 2008 4:59am
here's the daily TL
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Trade what you see, not what you think.
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