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Karmo's trading strategy trading GBP/JPY

  • #1,741
  • Edited 7:48pm Feb 10, 2009 7:07pm | Edited 7:48pm
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..

lol, take it easy bro, OR I'll start BUYING..

be ready for next round of 2500pips
  • #1,742
  • Feb 11, 2009 12:40am Feb 11, 2009 12:40am
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..
Wow, take care of yourself Karmo... trading can wait... all of the best
  • #1,743
  • Feb 11, 2009 1:13am Feb 11, 2009 1:13am
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..

Get well soon bro..
  • #1,744
  • Feb 11, 2009 1:48am Feb 11, 2009 1:48am
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..

I hope to recover quickly,

and do not worry karmo the 39 strong resistance,

watch out for yourself be careful and you will be well soon,


God
  • #1,745
  • Feb 11, 2009 1:57am Feb 11, 2009 1:57am
Quoting Piters
lol, take it easy bro, OR I'll start BUYING..

be ready for next round of 2500pips
lol I'm ready, just waiting for a candle to close below daily gann and I'll be all in

Thanks Myke, newkid, and freed
Trade what you see, not what you think.
  • #1,746
  • Feb 11, 2009 6:57am Feb 11, 2009 6:57am
Price remains below 4h gann and 1h gann, bearish.

We have to wait and see if todays candle closes below daily gann (129), if yes then we could see some real tanking..

btw price is back below daily 50ema as well.
Trade what you see, not what you think.
  • #1,747
  • Feb 11, 2009 7:09am Feb 11, 2009 7:09am
Quoting karmostaji
Price remains below 4h gann and 1h gann, bearish.

We have to wait and see if todays candle closes below daily gann (129), if yes then we could see some real tanking..

btw price is back below daily 50ema as well.
Can you post here if you get a trade order please?

Regards
{Promotion Removed}
  • #1,748
  • Feb 11, 2009 7:09am Feb 11, 2009 7:09am
Quoting karmostaji
Price remains below 4h gann and 1h gann, bearish.

We have to wait and see if todays candle closes below daily gann (129), if yes then we could see some real tanking..

btw price is back below daily 50ema as well.
karmo, do you look for retracement in a bearish setting (according to your rules)? or do you hold as long PA continues to be bearish below ur rules (ie below gann, crossing etc).
  • #1,749
  • Feb 11, 2009 7:28am Feb 11, 2009 7:28am
Quoting Yahoomt4
Can you post here if you get a trade order please?

Regards
I don't post trade calls, I just post my analysis
Trade what you see, not what you think.
  • #1,750
  • Feb 11, 2009 7:31am Feb 11, 2009 7:31am
Quoting hwsv07
karmo, do you look for retracement in a bearish setting (according to your rules)? or do you hold as long PA continues to be bearish below ur rules (ie below gann, crossing etc).
I do look at 15m for retracements or rallies to sell into when 4h/daily trend is down and vice versa when the trend is bullish.
Trade what you see, not what you think.
  • #1,751
  • Feb 11, 2009 7:36am Feb 11, 2009 7:36am
Quoting karmostaji
lol I'm ready, just waiting for a candle to close below daily gann and I'll be all in

Thanks Myke, newkid, and freed
what is worrying me is, we havent seen any retracement.. we are limited with 5min ema, and that is nothing. I was hoping we are going to touch and bounce from Daily gann in early london, so we can revisit and broke in NY.. now.. I can t say short until we retrace a bit 382 500 618 or the best is if we can test 50 ema [1h]. After that the shorts are SAFE

me think !
cheers, and get well
  • #1,752
  • Feb 11, 2009 8:02am Feb 11, 2009 8:02am
Quoting karmostaji
I do look at 15m for retracements or rallies to sell into when 4h/daily trend is down and vice versa when the trend is bullish.
could explain your method for selling for retracement? how far up in a bearish environment do you look for?
  • #1,753
  • Feb 11, 2009 8:08am Feb 11, 2009 8:08am
Quoting hwsv07
could explain your method for selling for retracement? how far up in a bearish environment do you look for?
I'll give you an example, it might help you understand how I pick my entries.

Let's say 4h just turned bearish and we got below 4h gann with QQE crossing down. I'll wait for 15m QQE to cross up (usually during asia session) and wait for 15m to turn back bearish, that's when I'll make my entry.
Trade what you see, not what you think.
  • #1,754
  • Feb 11, 2009 8:21am Feb 11, 2009 8:21am
Quoting karmostaji
I'll give you an example, it might help you understand how I pick my entries.

Let's say 4h just turned bearish and we got below 4h gann with QQE crossing down. I'll wait for 15m QQE to cross up (usually during asia session) and wait for 15m to turn back bearish, that's when I'll make my entry.
i see. that's pretty cool. so your thinking is that once PA turns bearish, it doesn't immediately tank but will go further up and then drop?

so when H1/H4 TF are bearish (below gann, QQE cross down), u do not make a trade?

when u say crossing and bearish, are they synonymous, or do you look for crossing of the 50 line to confirm?
  • #1,755
  • Feb 11, 2009 8:24am Feb 11, 2009 8:24am
Quoting hwsv07
i see. that's pretty cool. so your thinking is that once PA turns bearish, it doesn't immediately tank but will go further up and then drop?

so when H1/H4 TF are bearish (below gann, QQE cross down), u do not make a trade?

when u say crossing and bearish, are they synonymous, or do you look for crossing of the 50 line to confirm?
Price always retraces to 5sma, on any TF and that can be used for entry, especially on 1h/4h/daily.

When I say crossing, I mean QQE crossing the dotted line downwards/upwards.
Trade what you see, not what you think.
  • #1,756
  • Feb 11, 2009 8:29am Feb 11, 2009 8:29am
Karmo,

Keep in mind that all the money cannot replace good health. Hope you're feeling better.

B
  • #1,757
  • Feb 11, 2009 9:33am Feb 11, 2009 9:33am
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..
its okay bro, hope you get better soon..
I recommend you read something else as this sentence is now concluded.
  • #1,758
  • Feb 11, 2009 9:36am Feb 11, 2009 9:36am
Quoting Obaidah
its okay bro, hope you get better soon..
Thanks bro, n good to see you
Trade what you see, not what you think.
  • #1,759
  • Feb 11, 2009 10:30am Feb 11, 2009 10:30am
thanks Karmo, hope you get well soon.
  • #1,760
  • Feb 11, 2009 11:21pm Feb 11, 2009 11:21pm
Hi Karmo. Glad to see you back!

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