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Karmo's trading strategy trading GBP/JPY

  • #1,781
  • Feb 23, 2009 7:05am Feb 23, 2009 7:05am
Quoting DMA Trader
What is you stop loss strategy. if you have a chance to explain.
Thanks.
I look at 15m for entry and SL is usually 100 pips, risking 1%
Trade what you see, not what you think.
  • #1,782
  • Feb 23, 2009 9:03am Feb 23, 2009 9:03am
137 acted as support, GJ could be heading to 141 in the coming sessions if it can remain above 137.
Trade what you see, not what you think.
  • #1,783
  • Feb 23, 2009 9:14am Feb 23, 2009 9:14am
karmo,

interested how did you manage your trade last week on your "short" trade. you were gonna go all in but now the tide has changed and gone back up. may i know how did u manage that for e.g. when did u time ur exit? by just allowing it to hit SL?

thanks!
  • #1,784
  • Feb 23, 2009 9:19am Feb 23, 2009 9:19am
Quoting hwsv07
karmo,

interested how did you manage your trade last week on your "short" trade. you were gonna go all in but now the tide has changed and gone back up. may i know how did u manage that for e.g. when did u time ur exit? by just allowing it to hit SL?

thanks!
ofcourse, that's why I use the SL, to get me out if I'm wrong
Trade what you see, not what you think.
  • #1,785
  • Feb 23, 2009 9:23am Feb 23, 2009 9:23am
Quoting karmostaji
ofcourse, that's why I use the SL, to get me out if I'm wrong
so if though QQE for H1/H4 has crossed in reverse direction and ur SL is not hit. u still continue with that trade?
  • #1,786
  • Feb 23, 2009 9:24am Feb 23, 2009 9:24am
Quoting hwsv07
so if though QQE for H1/H4 has crossed in reverse direction and ur SL is not hit. u still continue with that trade?
I tighten the SL until it hits or if I get lucky, it'll reverse to my favor again.
Trade what you see, not what you think.
  • #1,787
  • Feb 23, 2009 9:37am Feb 23, 2009 9:37am
We have a nice bull flag on GJ 15m chart, wait for a breakout, most likely to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Trade what you see, not what you think.
  • #1,788
  • Feb 23, 2009 10:04am Feb 23, 2009 10:04am
karmo,

just like to know. how long do you sit in front of your screen everyday? do u just enter the trade once the setup is right and go about doing ur thing?
  • #1,789
  • Feb 23, 2009 10:05am Feb 23, 2009 10:05am
Quoting karmostaji
We have a nice bull flag on GJ 15m chart, wait for a breakout, most likely to the upside.
its been a while, dont you think?
I recommend you read something else as this sentence is now concluded.
  • #1,790
  • Feb 23, 2009 10:15am Feb 23, 2009 10:15am
Quoting hwsv07
karmo,

just like to know. how long do you sit in front of your screen everyday? do u just enter the trade once the setup is right and go about doing ur thing?
It depends, I'm always at my screen when Frankfurt/London opens and whenever I'm not, my mobile is with me, so basically 24/7 lol
Trade what you see, not what you think.
  • #1,791
  • Feb 24, 2009 12:03am Feb 24, 2009 12:03am
What I see, I'm expecting to break upwards soon.. we wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 35 KB
Trade what you see, not what you think.
  • #1,792
  • Feb 24, 2009 12:06am Feb 24, 2009 12:06am
karmo,

when you say u use ur mobile, is MT4 charting software supportable? which phone are u using?
  • #1,793
  • Feb 24, 2009 12:10am Feb 24, 2009 12:10am
Quoting hwsv07
karmo,

when you say u use ur mobile, is MT4 charting software supportable? which phone are u using?
Yes it is, I use HTC but any mobile phone with Windows operating system will work with MT4, I use IBFX.
Trade what you see, not what you think.
  • #1,794
  • Feb 24, 2009 2:54am Feb 24, 2009 2:54am
Hi all .. I've been a lurker lately as I've been travelling a lot and waiting to close on my daughter's new home in Houston (where I am now).
Also, I feel your pain, karmo, I've been sick off & on for weeks with some wierd cough-cold-throat thing. I treat it holistically so no doctors, but with all the travelling it has been hard to get on top of it. I'm going to an acupuncturist tomorrow & hopefully he can 'needle' the last remnants out of me LOL.

I've been trading casually in demo account following the good analysis in here and doing very well .. I plan to start trading live acct again when I am finally re-settled, starting next week.

Excellent commentary in here as always
  • #1,795
  • Feb 24, 2009 3:11am Feb 24, 2009 3:11am
Quoting karmostaji
What I see, I'm expecting to break upwards soon.. we wait and see
The upper TL has been broken by 1h candle, it looks like 141 is on the way.
Trade what you see, not what you think.
  • #1,796
  • Feb 24, 2009 3:14am Feb 24, 2009 3:14am
Quoting TraderStar
Hi all .. I've been a lurker lately as I've been travelling a lot and waiting to close on my daughter's new home in Houston (where I am now)....
Hey TraderStar,

It's good to see you, It seems you've been pretty busy lately. We'll be waiting for you here once you settle down
Trade what you see, not what you think.
  • #1,797
  • Feb 24, 2009 9:15am Feb 24, 2009 9:15am
There was no follow through after the breakout, so price has been wondering around the same area for hours. I'm going to be keep an eye on 1h and 4h gann Today/Tomorrow, especially the 4h QQE n Gann hilo.

We might have a nice short setup coming up.
Trade what you see, not what you think.
  • #1,798
  • Feb 24, 2009 10:54pm Feb 24, 2009 10:54pm
Quoting karmostaji
There was no follow through after the breakout, so price has been wondering around the same area for hours. I'm going to be keep an eye on 1h and 4h gann Today/Tomorrow, especially the 4h QQE n Gann hilo.

We might have a nice short setup coming up.
Tough day yesterday, 141 was hit eventually.
Trade what you see, not what you think.
  • #1,799
  • Feb 25, 2009 3:15pm Feb 25, 2009 3:15pm
hi Karmo

i am still a new trader leanrned most of the basics but can you recommend some pdf's or articles to read i am intersted in QQE n Gann hilo most of the posts i found here are from many years ago and i can't view even the images so if you can recommend anything i will be greatful

Thanks
  • #1,800
  • Feb 26, 2009 12:05am Feb 26, 2009 12:05am
karmo,

price just closed below 1 hr gann, but qqe not crossed down.

do we still party?
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