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Karmo's trading strategy trading GBP/JPY

  • #1,961
  • Dec 1, 2009 4:19am Dec 1, 2009 4:19am
Quoting karmostaji
Since the fall from 148 to 139, GJ has done a 50% retracement. Plus GJ looks to be like in a big bear flag (1h/4h).. hmm it could have a try at 61.8% before resuming downwards.. best is to wait for the flag to break rather than jumping in early.
I think I'll long it for a little bet if 4hr closes above 1.44
Attached Image (click to enlarge)
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  • #1,962
  • Dec 1, 2009 4:51am Dec 1, 2009 4:51am
Hey karmo, thanks for the charts, just curios how come you drawn the fib from 148 to 139? i have my fib from the top of the fall at about 153.

thank you.

Quoting karmostaji
  • #1,963
  • Dec 2, 2009 7:06am Dec 2, 2009 7:06am
Quoting just_ha
Hey karmo, thanks for the charts, just curios how come you drawn the fib from 148 to 139? i have my fib from the top of the fall at about 153.

thank you.
It looks like that was the last swing high on the 1 and 4 hour, but I am not sure either why he picked that one. It looks like she is breaking upward from the bear flag so if fib is drawn back to the 153 high, then she could reach the 61.8 retracement of that, which is also just above Weekly R1 level?

Just asking, I'm still a long way from taming the Beast
******************* I'd rather make money than be right.
  • #1,964
  • Dec 8, 2009 8:47am Dec 8, 2009 8:47am
Quoting jado911
I wonder if its going to reach 120's like it did the same time last year!!
Looks like gj is falling to the same lows of last year, and that the up trend that started this year is nothing but a retracement. but it has to break 139.00 first.
Attached Image(s) (click to enlarge)
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Attached Image
  • #1,965
  • Feb 10, 2010 2:11pm Feb 10, 2010 2:11pm
I miss Karmo ... and his falcon.

I trade the GY on 15 min tf now, I watch H1, H4, & D1 for overall direction as per K's teachings about gann & qqe. I think I may finally be learning to tame the Beast
******************* I'd rather make money than be right.
  • #1,966
  • Feb 15, 2010 2:53am Feb 15, 2010 2:53am
Quoting 4xStar
I miss Karmo ... and his falcon.

I trade the GY on 15 min tf now, I watch H1, H4, & D1 for overall direction as per K's teachings about gann & qqe. I think I may finally be learning to tame the Beast
I'm here but trading GJ has been a pain in the butt the past year.
Trade what you see, not what you think.
  • #1,967
  • Feb 16, 2010 12:41am Feb 16, 2010 12:41am
I agree old friend, it has been indeed challenging trading this beast. That's for sure, but I have not given up.

Quoting karmostaji
I'm here but trading GJ has been a pain in the butt the past year.
  • #1,968
  • Apr 11, 2010 7:08am Apr 11, 2010 7:08am
Karmo : Last Activity 2 hr 23 min ago glad to see you still around bro we miss your analysis to tame the beast

My target and still hoping GY could reach my TP at 142.xx 4hr gan area on Monday..

Happy weekend to you and your family

Best Regards : Newkidfx
  • #1,969
  • May 26, 2010 1:54am May 26, 2010 1:54am
Waiting to see which way the beast decides to go, the main trend remain bearish IMO
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #1,970
  • May 26, 2010 10:23am May 26, 2010 10:23am
Waiting for a breakout of 130.60 or 129.00, until then I'll just watch this crazy price action.
Trade what you see, not what you think.
  • #1,971
  • May 26, 2010 10:45am May 26, 2010 10:45am
hi karmo.. just stopping by to share my idea about this beast ..

i can see that lower TF 15mn, 30mn.. suggest that this beast is channeling up.. but too much volatility right now.. waiting is the best policy for those who have no entries yet...
  • #1,972
  • Jun 4, 2010 10:48am Jun 4, 2010 10:48am
my trade for today...
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  • #1,973
  • Jun 4, 2010 2:29pm Jun 4, 2010 2:29pm
Quoting mcmartins
my trade for today...
check out what? a demo account? LOL
Trade what you see, not what you think.
  • #1,974
  • Jun 5, 2010 3:01am Jun 5, 2010 3:01am
I agree with you 100% Karmo.... Let see something other than a Demo Account.

Quoting karmostaji
check out what? a demo account? LOL
  • #1,975
  • Jun 5, 2010 3:04am Jun 5, 2010 3:04am
Price bounced off Daily 50ema as expected, currently price is below 4h gann but above daily gann, and wondering around the LT of the upward channel we have, we have to see what happens next week, if it breaks the LT and gets below daily gann then expect to see lower prices.
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #1,976
  • Jun 7, 2010 12:26am Jun 7, 2010 12:26am
Price might retest the broken the channel and retrace 38.2% (133.04), plus weekly pivot is at 133.10 and bounce back down from there and continue..

Price is below 4h Gann, if price bounces back down then we could close below daily gann today and that would be very bearish for GJ.
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #1,977
  • Jun 7, 2010 3:24am Jun 7, 2010 3:24am
.
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Trade what you see, not what you think.
  • #1,978
  • Jun 7, 2010 9:41am Jun 7, 2010 9:41am
Quoting karmostaji
.
Hello Karmo can you please told me what parameters you are use in your “MA 100, MA200 and MA50 (moving average )” I’m mining is it simple, exponential or smoothed and are they “close, low, high, open” or something else?
  • #1,979
  • Jun 7, 2010 9:51am Jun 7, 2010 9:51am
Quoting autoexportkz
Hello Karmo can you please told me what parameters you are use in your “MA 100, MA200 and MA50 (moving average )” I’m mining is it simple, exponential or smoothed and are they “close, low, high, open” or something else?
50 EMA close
200 EMA close
100 SMA close
Trade what you see, not what you think.
  • #1,980
  • Jun 7, 2010 10:23am Jun 7, 2010 10:23am
Thank you Karmo
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