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Karmo's trading strategy trading GBP/JPY

  • #1,721
  • Feb 9, 2009 4:20am Feb 9, 2009 4:20am
Quoting karmostaji
Price bounced off 4h gann hilo, now if 1h QQE crosses up and we get a 1h candle close above 1h gann, then we could see high 137s/138 by the end of the day.
if it that happen, so best place to enter Long is arround 5sma on 15M. is that right?

thanks
  • #1,722
  • Feb 9, 2009 4:24am Feb 9, 2009 4:24am
Quoting karmostaji
Price bounced off 4h gann hilo, now if 1h QQE crosses up and we get a 1h candle close above 1h gann, then we could see high 137s/138 by the end of the day.
Lines up with my analysis i've posted at my thread. Price bounced from ascending channels ML (median line) and it might be looking for its upper border 137.30-50 on my chart. Pretty the same view Karmo =)
  • #1,723
  • Feb 9, 2009 4:24am Feb 9, 2009 4:24am
Quoting Norte
if it that happen, so best place to enter Long is arround 5sma on 15M. is that right?

thanks

Better have to wait until 1hr QQe cross upward and 1hr candle closed above gann.
  • #1,724
  • Feb 9, 2009 4:28am Feb 9, 2009 4:28am
Quoting newkidfx
Better have to wait until 1hr QQe cross upward and 1hr candle closed above gann.
and then enter on any retrace to 1h 5sma.
Trade what you see, not what you think.
  • #1,725
  • Feb 9, 2009 4:34am Feb 9, 2009 4:34am
Quoting karmostaji
and then enter on any retrace to 1h 5sma.
where is 1h 5sma now?
  • #1,726
  • Feb 9, 2009 5:59am Feb 9, 2009 5:59am
Quoting moneybookers
where is 1h 5sma now?
Do you want me to trade for you as well?

Plot it dude, I'm not a babysitter here.
Trade what you see, not what you think.
  • #1,727
  • Feb 9, 2009 6:22am Feb 9, 2009 6:22am
Quoting karmostaji
Do you want me to trade for you as well?

Plot it dude, I'm not a babysitter here.
hehe i have no access to mt4 at that time,dude.

now i'm back to screen.
  • #1,728
  • Feb 9, 2009 6:48am Feb 9, 2009 6:48am
Quoting karmostaji
and then enter on any retrace to 1h 5sma.
seems like UTL hard to break
  • #1,729
  • Feb 9, 2009 6:54am Feb 9, 2009 6:54am
Just close my long and start to short at 5m qqe cross down below 50 line and 15m qqe cross downward targeting at 50ema.
  • #1,730
  • Feb 9, 2009 7:05am Feb 9, 2009 7:05am
Quoting newkidfx
Just close my long and start to short at 5m qqe cross down below 50 line and 15m qqe cross downward targeting at 50ema.
hmm seems price pull back..
  • #1,731
  • Feb 9, 2009 12:39pm Feb 9, 2009 12:39pm
Quoting karmostaji
Do you want me to trade for you as well?

Plot it dude, I'm not a babysitter here.
  • #1,732
  • Feb 10, 2009 6:18am Feb 10, 2009 6:18am
4h candle has closed below 4h gann hilo on IBFX, that's a bearish sign.
1h candle has closed below 1h 50ema for first time since the uptrend from 129.

GJ seems to have turned bearish for now, target for shorts is 4h 50ema which is around 132.
Trade what you see, not what you think.
  • #1,733
  • Feb 10, 2009 6:21am Feb 10, 2009 6:21am
Plus we are in a nice 4h upward channel, 4h 50ema coincides with the LTL of this channel.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
Trade what you see, not what you think.
  • #1,734
  • Feb 10, 2009 6:37am Feb 10, 2009 6:37am
Quoting karmostaji
4h candle has closed below 4h gann hilo on IBFX, that's a bearish sign.
1h candle has closed below 1h 50ema for first time since the uptrend from 129.

GJ seems to have turned bearish for now, target for shorts is 4h 50ema which is around 132.
What do you think will be a good entry point ?
135 if acts as resistence ?

thanks

Edit> or 135,25 -> 4h 5sma ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,735
  • Feb 10, 2009 6:56am Feb 10, 2009 6:56am
Quoting DMA Trader
What do you think will be a good entry point ?
135 if acts as resistence ?

thanks

Edit> or 135,25 -> 4h 5sma ?
yah 4h 5sma is a good entry, with stop just above 4h gann
Trade what you see, not what you think.
  • #1,736
  • Feb 10, 2009 12:29pm Feb 10, 2009 12:29pm
Quoting karmostaji
yah 4h 5sma is a good entry, with stop just above 4h gann
that, my friend, was the perfect entry point.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,737
  • Feb 10, 2009 12:45pm Feb 10, 2009 12:45pm
karmostaji must be celebrating!
I recommend you read something else as this sentence is now concluded.
  • #1,738
  • Feb 10, 2009 5:50pm Feb 10, 2009 5:50pm
Quoting Obaidah
karmostaji must be celebrating!
lol I wish, but I just got home from the hospital, GJ tanked nicely but so did my body on me and my fever skyrocketed to 39..
Trade what you see, not what you think.
  • #1,739
  • Feb 10, 2009 6:35pm Feb 10, 2009 6:35pm
Quoting karmostaji
lol I wish, but I just got home from the hospital, GJ tanked nicely but so did my body on me and my fever skyrocketed to 39..
karm ... hope you are ok .....

all those green pips got you way to excited !!!
Blogging daily now at www.volume.zone
  • #1,740
  • Feb 10, 2009 6:41pm Feb 10, 2009 6:41pm
Quoting malcolmb14
karm ... hope you are ok .....

all those green pips got you way to excited !!!
lol I'm better now, thanks
Trade what you see, not what you think.
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