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Karmo's trading strategy trading GBP/JPY

  • #2,001
  • Jul 7, 2010 5:31pm Jul 7, 2010 5:31pm
I've had a very patient long on GY for about 2 weeks now, just waiting in the weeds as sooner or later it should pay. Stop is deep & position small but can always add once direction is confirmed.
******************* I'd rather make money than be right.
  • #2,002
  • Jul 8, 2010 2:03am Jul 8, 2010 2:03am
Quoting 4xStar
I've had a very patient long on GY for about 2 weeks now, just waiting in the weeds as sooner or later it should pay. Stop is deep & position small but can always add once direction is confirmed.
yup. after this kind of action usually a huge moves comes. so patience will be key. but i still have a bearish bias until bulls take out 135.

so longer she stays in this ugly range. bigger the move coming
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #2,003
  • Jul 10, 2010 8:13am Jul 10, 2010 8:13am
Quoting DMA Trader
yup. after this kind of action usually a huge moves comes. so patience will be key. but i still have a bearish bias until bulls take out 135.

so longer she stays in this ugly range. bigger the move coming
I decided to close the long on that last attempt up to 135 which failed. The GU has been in no man's land forever .. and GY can't really do much without confirmation from GU. Bias for GU next week is either up ... or down(!) Sentiment running about 50-50 on the GU thread. Both GU and GY will probably do a fake move in one direction before a decisive move in the other .. but which will come first?? Below 132 I will buy again as I do not see this pair getting much below 129 before a massive up move.
I've been wrong before.
******************* I'd rather make money than be right.
  • #2,004
  • Oct 24, 2010 11:18am Oct 24, 2010 11:18am
Dear Karmo
thank you for the information, I have been in the trade for long time here and I have bought many software and hardware.
not all of them are good..
my question is
are you full time trader or part time?
  • #2,005
  • Oct 26, 2010 2:38am Oct 26, 2010 2:38am
Quoting alfalasi
Dear Karmo
thank you for the information, I have been in the trade for long time here and I have bought many software and hardware.
not all of them are good..
my question is
are you full time trader or part time?
Part time
Trade what you see, not what you think.
  • #2,006
  • Dec 1, 2010 10:13pm Dec 1, 2010 10:13pm
GJ is still stuck within these 2 trend lines on the daily chart.. it's been a long time wondering here.., we even had 2 fake breakouts
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
Trade what you see, not what you think.
  • #2,007
  • Jan 5, 2011 12:05am Jan 5, 2011 12:05am
where do you think that time the retracement would be?


Quoting karmostaji
Daily = Pink fibo levels

If you look closely, you can see how the price went to the next daily fibo level after it broke and closed well below a level. we had a full retracement on the daily chart this past week. The last candle we have on the daily is a hammer/pin-bar/doji, whatever you want to call it.., price tried to break the weekly fibo's but it failed and it closed just above the 50%. To me this indicates that price will go up to the 231-232 area to test the fibonacci levels we have there.. we'll know next week

http://img250.imageshack.us/img250/6053/dailyhh8.gif...
  • #2,008
  • Jan 5, 2011 12:06am Jan 5, 2011 12:06am
what is GJ stand for?
Quoting karmostaji
GJ is still stuck within these 2 trend lines on the daily chart.. it's been a long time wondering here.., we even had 2 fake breakouts
  • #2,009
  • Jan 5, 2011 12:14am Jan 5, 2011 12:14am
karmostaji Iam intrested on how you are doing this things,, can you show me where can I enter in this chart?

it was resting on the 38.2 level,, but where is the entery here




Quoting karmostaji
GJ shall continue upwards once that TL is broken
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 18 KB
  • #2,010
  • Jan 5, 2011 11:45am Jan 5, 2011 11:45am
Quoting alfalasi
what is GJ stand for?
babypips.com

study hard n once you graduate, you may come back
Trade what you see, not what you think.
  • #2,011
  • Jan 17, 2011 10:27am Jan 17, 2011 10:27am
you are the best Karmostaji
I'm trading GJ on 4h and 1h too.
I'm gonna post my live position here if you don't mind.
  • #2,012
  • Jan 23, 2011 7:26am Jan 23, 2011 7:26am
Quoting alfalasi
what is GJ stand for?
Quoting karmostaji
babypips.com

study hard n once you graduate, you may come back
GJ = babypips.com ?

happy new year karmo.
  • #2,013
  • Dec 21, 2011 4:03am Dec 21, 2011 4:03am
Quoting alfalasi
what is GJ stand for?
:O oh my god.
  • #2,014
  • May 24, 2012 8:48am May 24, 2012 8:48am
It's been a while, hello

GJ is bouncing off that trendline and it has made a 50-61.8% fibo retracement, I'm expecting an upward movement but will wait for confirmation (to trade above 4h gann hilo & 4h 50ema)

http://img855.imageshack.us/img855/6924/55311382.gif
Trade what you see, not what you think.
  • #2,015
  • Edited Jul 12, 2012 7:06am Jul 11, 2012 8:10am | Edited Jul 12, 2012 7:06am
Well, hello, karmo! Big fan of your posts, bud!

Looks like the beast broke completely, just about to the 100 retracement levels, since your last post.

I have my charts up looking like a fake to @ 124.08 level, then, back down as the daily and weekly still are bearing down.

Tough place to be now. Wait it out for some confirmations....

Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast.gif Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast1.gif Size: 43 KB



Glad to see you still posting with the little people...

Quoting karmostaji
It's been a while, hello

GJ is bouncing off that trendline and it has made a 50-61.8% fibo retracement, I'm expecting an upward movement but will wait for confirmation (to trade above 4h gann hilo & 4h 50ema)

http://img855.imageshack.us/img855/6924/55311382.gif
  • #2,016
  • Edited 7:43am Jul 12, 2012 7:14am | Edited 7:43am
Continuing with the 1 hour G/Y chart.

Well, from previous post, it tried to get to 124.08 but was summarily rejected.

http://www.youtube.com/watch?v=V4UfAL9f74I


Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast2.gif Size: 51 KB


Will possibly a slight bounce as H4 is NOW in accord with QQE and I don't usually have fuzzy feelings with H4 same as H1 and Daily.
See what it does in the next 8 to 10 hours...
  • #2,017
  • Jul 12, 2012 7:27am Jul 12, 2012 7:27am
Interesting on the 4H TF how QQE reflects the deflection at the 50 level.

Also, thought of note, the DELAYED reaction of this indicator. Keeping all Indicators and TF in mind... Not just 1.

Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast3.gif Size: 43 KB
  • #2,018
  • Jul 13, 2012 8:20am Jul 13, 2012 8:20am
And there is the bounce I was looking for. On the QQE, heading toward the 50 on the cross and blowing past my target.

I gotta wake up earlier!


Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast4.gif Size: 41 KB
  • #2,019
  • Jul 16, 2012 8:21am Jul 16, 2012 8:21am
And the journey continues...

Attached Image (click to enlarge)
Click to Enlarge Name: auslanco based pic - beast5.gif Size: 46 KB
  • #2,020
  • Jul 17, 2012 12:40am Jul 17, 2012 12:40am
GJ is trading above 4h gann and 4h 50ema, it is flirting with daily gann, if we can get a close above daily gann and 50ema and daily QQE crossing upwards, that would be a strong bullish sign, so stay patient and don't miss the opportunity

http://img191.imageshack.us/img191/5681/53206007.gif
Trade what you see, not what you think.
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