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Karmo's trading strategy trading GBP/JPY

  • #1,981
  • Jun 8, 2010 2:44am Jun 8, 2010 2:44am
If GJ closes below daily gann hilo (131) and Daily QQE crosses down, then we will see GJ tank hard.

Let's see where GJ candle closes today.
Trade what you see, not what you think.
  • #1,982
  • Jun 8, 2010 5:23am Jun 8, 2010 5:23am
He's back!!

I'm mostly trading cable now but I watch UJ and all 3 yen crosses .. if all are going in the same direction AND cable is too, then I will grab a ride on the beast .. and this strategy seems to be working fairly well with minimal pain.
So I wasn't using Gann/QQE so much as watching agreement in direction among the yen crosses. Trades were few & far between.

However now that the Master is back, I look forward to learning from his stellar analysis.
******************* I'd rather make money than be right.
  • #1,983
  • Jun 8, 2010 7:09am Jun 8, 2010 7:09am
GJ needs to break the trendline, 131 level and a daily close below daily gann hilo for us to see a nice tanking
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 32 KB
Trade what you see, not what you think.
  • #1,984
  • Jun 8, 2010 7:11am Jun 8, 2010 7:11am
Quoting karmostaji
GJ needs to break the trendline, 131 level and a daily close below daily gann hilo for us to see a nice tanking
I'm in the same view as you, mate.
  • #1,985
  • Jun 8, 2010 3:48pm Jun 8, 2010 3:48pm
Quoting karmostaji
GJ needs to break the trendline, 131 level and a daily close below daily gann hilo for us to see a nice tanking
Looks like that won't happen today.
******************* I'd rather make money than be right.
  • #1,986
  • Jun 8, 2010 10:53pm Jun 8, 2010 10:53pm
If the trendline breaks, GJ shall tank.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Trade what you see, not what you think.
  • #1,987
  • Jun 8, 2010 10:54pm Jun 8, 2010 10:54pm
Karmo gj closed above the daily gann yesterday.R u still bearish or considering to take any longs ?
  • #1,988
  • Jun 8, 2010 10:58pm Jun 8, 2010 10:58pm
Quoting honeybhi
Karmo gj closed above the daily gann yesterday.R u still bearish or considering to take any longs ?
If the trendline breaks, I'll go short
If 132.50 breaks to upside, then I'll go long

so let's see
Trade what you see, not what you think.
  • #1,989
  • Jun 8, 2010 11:03pm Jun 8, 2010 11:03pm
Quoting karmostaji
If the trendline breaks, I'll go short
If 132.50 breaks to upside, then I'll go long

so let's see
i'am holding long from the lower trendline and targeting the 4hr 200 ema .Good luck bro.
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  • #1,990
  • Jun 9, 2010 6:48am Jun 9, 2010 6:48am
Quoting karmostaji
If the trendline breaks, I'll go short
If 132.50 breaks to upside, then I'll go long

so let's see
Weekly pivot acted like a resistance for now. at list.

132.5 support near term ? than see what the channel does.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,991
  • Jun 9, 2010 11:35am Jun 9, 2010 11:35am
4h H&S

also break of uptrend channel would be bearish for GJ.

confirmation when price moving below 131 for a longer time short.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,992
  • Jun 9, 2010 10:53pm Jun 9, 2010 10:53pm
Still waiting...
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Click to Enlarge Name: gj.jpg Size: 124 KB
Trade what you see, not what you think.
  • #1,993
  • Jun 9, 2010 11:11pm Jun 9, 2010 11:11pm
been trading in and out of this complex head and shoulder, the second shoulder is forming, with the neckline @ 131.3 lets see how this plays out.
  • #1,994
  • Jun 10, 2010 1:20am Jun 10, 2010 1:20am
Quoting karmostaji
Still waiting...
still H&S pattern on 4h.
firt support at 132.5

131. next. and then below.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,995
  • Jun 13, 2010 11:45pm Jun 13, 2010 11:45pm
Decision time is soon, up or down..
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Trade what you see, not what you think.
  • #1,996
  • Jun 14, 2010 10:30pm Jun 14, 2010 10:30pm
GJ shall continue upwards once that TL is broken
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Trade what you see, not what you think.
  • #1,997
  • Jun 15, 2010 2:10pm Jun 15, 2010 2:10pm
Quoting karmostaji
GJ shall continue upwards once that TL is broken
hard to trade GJ this days.
at list for me. maybe I'm to bearish.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #1,998
  • Jun 15, 2010 11:15pm Jun 15, 2010 11:15pm
Quoting DMA Trader
hard to trade GJ this days.
at list for me. maybe I'm to bearish.
yea it's been kinda hard since last week but hang in there buddy
Trade what you see, not what you think.
  • #1,999
  • Jun 15, 2010 11:32pm Jun 15, 2010 11:32pm
Price still within the channel and wondering between the fibo levels... cmon GJ make up ur mind n lets go
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
Trade what you see, not what you think.
  • #2,000
  • Jun 29, 2010 12:37am Jun 29, 2010 12:37am
Quoting karmostaji
yea it's been kinda hard since last week but hang in there buddy
Let's see if we can close the daily below 133 to gain some confidence
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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