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Karmo's trading strategy trading GBP/JPY

  • #1,861
  • Apr 15, 2009 1:40am Apr 15, 2009 1:40am
Hi Karmo,daily QQE has crossed down,if we close below daily gann what will be ur bias?
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 13 KB
  • #1,862
  • Apr 15, 2009 2:41am Apr 15, 2009 2:41am
Quoting karmostaji
yes, a fresh entry would be once 15m QQE turns bullish, price bounced off 4h gann again.. there is still chance for the bull.
That didn't work out, anyways let's move on... price is below 4h gann and bouncing off daily gann hilo, today's daily close is very important.
Trade what you see, not what you think.
  • #1,863
  • Apr 15, 2009 9:47am Apr 15, 2009 9:47am
Hi karmo,

4H price jus bounced off 4H 50 Ema, and closed above 4HGann Hilo
1H price closed above Gann Hilo at 9Gmt, crossed 50 line.
is that a good set up for price to break 149.30?

How would your analysis be?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hour gan.gif Size: 15 KB
Click to Enlarge Name: 1hour gan.gif Size: 20 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #1,864
  • Apr 16, 2009 4:05am Apr 16, 2009 4:05am
Quoting Kofmaster
Hi karmo,

4H price jus bounced off 4H 50 Ema, and closed above 4HGann Hilo
1H price closed above Gann Hilo at 9Gmt, crossed 50 line.
is that a good set up for price to break 149.30?

How would your analysis be?
I was looking at the same setup but didn't work out well, price action is just crazy this week and GJ continues to range which sucks for this system unless you look at 5m/15m charts.

The range is 145.70 - 149.30
Trade what you see, not what you think.
  • #1,865
  • Apr 16, 2009 4:58am Apr 16, 2009 4:58am
Quoting karmostaji
I was looking at the same setup but didn't work out well, price action is just crazy this week and GJ continues to range which sucks for this system unless you look at 5m/15m charts.

The range is 145.70 - 149.30
Hello Karmo

That 15min sistem is Auslancos system?

For 5min i am using Piters Doske and geting out when QQE60 cross on the other side..
What are you using for those systems...?

Regards
Work smart not hard
  • #1,866
  • Apr 16, 2009 6:57am Apr 16, 2009 6:57am
Quoting karmostaji
I was looking at the same setup but didn't work out well, price action is just crazy this week and GJ continues to range which sucks for this system unless you look at 5m/15m charts.

The range is 145.70 - 149.30
Yes, that's what I found out too. It's crazy this week. for the last few 4H candles, it drop like crazy from top to bottom range. If you all might realise, there's a down trend from 15M chart. I expect it will go down to 145.80 if the next 4H candle closed below 4H 50EMA. Hope i'm correct
Read the entire market, money is made on the main trend not the fluctuation
  • #1,867
  • Apr 16, 2009 9:17pm Apr 16, 2009 9:17pm
absolutely crazy week, i agree too.
  • #1,868
  • Apr 17, 2009 6:54am Apr 17, 2009 6:54am
From 118.80 to 151.50 , we have now met the resistance around 148 area, the btm of financial crisis back to 1998. So for the next 2 weeks, we might have ranging until monthly candle closed.

If closed above 148, like what we see, price may rose up to weekly .382 fibo.
If closed below 148, we might go back test 118 as the past 3 months with bullish candles mgith be just some retracement of downtrend PA..

Can I have your opinion, karmo?
Attached Image (click to enlarge)
Click to Enlarge Name: monthly candle.gif Size: 17 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #1,869
  • May 4, 2009 4:22am May 4, 2009 4:22am
Hello Karma what is your analyses if not mind I feel we should retrace it list .chart showing over boot on qqe. what you thinks
  • #1,870
  • Jun 1, 2009 7:57pm Jun 1, 2009 7:57pm
I've been asked several times to post QQE trend map indicator so im posting it here since this thread contains followers mainly use qqe and gann, but make sure you write the pair name in capital letter.

trend map.tpl goes into the template folder, the rest goes into the indicators folder
Attached File(s)
File Type: mq4 Trend Map.mq4   13 KB | 671 downloads
File Type: mq4 QQEA.mq4   3 KB | 590 downloads
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 533 downloads
File Type: tpl trend map.tpl   43 KB | 602 downloads
I recommend you read something else as this sentence is now concluded.
  • #1,871
  • Jun 3, 2009 5:46pm Jun 3, 2009 5:46pm
Quoting Obaidah
I've been asked several times to post QQE trend map indicator so im posting it here since this thread contains followers mainly use qqe and gann, but make sure you write the pair name in capital letter.

trend map.tpl goes into the template folder, the rest goes into the indicators folder
Thank you so much!!
Failure, is a wonderful teacher!
  • #1,872
  • Jun 11, 2009 8:36am Jun 11, 2009 8:36am
Thanks Obadiah!

Anyone know what happened to Karmo? this is one long vacation even for a multi-billionaire like him

Miss u karmo, hope you come back soon.
******************* I'd rather make money than be right.
  • #1,873
  • Jun 11, 2009 8:40am Jun 11, 2009 8:40am
Quoting 4xStar
Thanks Obadiah!

Anyone know what happened to Karmo? this is one long vacation even for a multi-billionaire like him

Miss u karmo, hope you come back soon.
his last activity was 5 hours ago, he's around but not posting
I recommend you read something else as this sentence is now concluded.
  • #1,874
  • Jun 11, 2009 8:42am Jun 11, 2009 8:42am
Quoting 4xStar
Thanks Obadiah!

Anyone know what happened to Karmo? this is one long vacation even for a multi-billionaire like him

Miss u karmo, hope you come back soon.
Trade what you see, not what you think.
  • #1,875
  • Jun 12, 2009 3:48am Jun 12, 2009 3:48am
Quote
his last activity was 5 hours ago, he's around but not posting

Obaidah indeed has a very sharp eye.
  • #1,876
  • Jun 14, 2009 12:17pm Jun 14, 2009 12:17pm
Quoting karmostaji
Hi all,

I'm going to explain the strategy I use to trade GJ and I'm going to be posting my weekly/daily analysis of this pair.

I don't use anything fancy, I use some basic stuff that most traders use and some common sense


The indicators I use are:

  1. Fibonacci retracement levels
  2. Trendlines/Channels
  3. 5 period simple MA
  4. Candlestick patterns
  5. Support/Resistance levels
  6. Momentum

As you can see it's all simple and basic stuff except maybe for the fibonacci retracement, because every trader could use it differently....

Hi Karmo,

I have been trying to keep up with all the posts on your thread and have not been able to do so.

As all traders are trying to find that one that works best for them, I have noticed how highly everyone speaks of your expertise and system.

I see that you also live in Dubai and was wondering if we could meet for a coffee and discuss your strategy.
  • #1,877
  • Jun 14, 2009 9:21pm Jun 14, 2009 9:21pm
Quoting supremeChaos
Obaidah indeed has a very sharp eye.
lol.. i dont know what made me look at his profile.
I recommend you read something else as this sentence is now concluded.
  • #1,878
  • Jun 15, 2009 2:55am Jun 15, 2009 2:55am
Quoting Obaidah
lol.. i dont know what made me look at his profile.
LOL
Trade what you see, not what you think.
  • #1,879
  • Jun 15, 2009 12:22pm Jun 15, 2009 12:22pm
Nice to see your handsome smiling face again .. or whoseever face that is...

PS this is traderstar under a new alias

Quoting karmostaji
LOL
******************* I'd rather make money than be right.
  • #1,880
  • Jun 15, 2009 12:36pm Jun 15, 2009 12:36pm
Hello

What are parameters for QQE and Gann? Screen shots for VT? Thank you
The Market pays you to be disciplined
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