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Karmostaji's Journal

  • #901
  • Nov 22, 2011 4:38am Nov 22, 2011 4:38am
I had taken a long break from trading because my life just got too busy, but I've got things under control now and feel like I have a bit of time for trading again.

I'm still using the same old method which is using QQE, Gann, Momentum, 50ema, 100sma, 200ema, 5sma, pivots, fibo levels, trendlines, channels, and most importantly price action.

I'll be posting my trades, some charts, and my monthly % gain/loss

Let's get pippin
Trade what you see, not what you think.
  • #902
  • Nov 22, 2011 4:46am Nov 22, 2011 4:46am
Pending order for GBP/JPY:

Sell stop @ 120.00
Stop loss @ 121.00
Target @ 118.00
Trade what you see, not what you think.
  • #903
  • Nov 23, 2011 1:04am Nov 23, 2011 1:04am
GJ should break either way soon, I expect it to the downside but what do I know..

http://i1239.photobucket.com/albums/...mostaji/gj.gif
Trade what you see, not what you think.
  • #904
  • Nov 23, 2011 2:16am Nov 23, 2011 2:16am
Quoting karmostaji
GJ should break either way soon, I expect it to the downside but what do I know..
Broke to the downside and my trade is on
Trade what you see, not what you think.
  • #905
  • Nov 23, 2011 11:29am Nov 23, 2011 11:29am
somebody will always read you, just so you know, nice trade.
  • #906
  • Nov 24, 2011 4:09am Nov 24, 2011 4:09am
Hi man, ive just started trading forex, a couple of week's ago, the strategy i have been taught and use the most is trading the bounce of the 50ema on 5min charts, i wait for the hourly 4hourly and daily charts to be in agreement of the prevelent trend though.
Apologies if this question has been covered already, i didnt fancy fishing through the 60+ pages of this thread and the search bar brought me here.
It would be nice to know if you or anyone else here has any tips for times i should not enter on the 50ema bounce?
Thanks in advance, all the best, rob.
  • #907
  • Nov 24, 2011 4:58am Nov 24, 2011 4:58am
GJ looks to be heading lower..
http://i1239.photobucket.com/albums/...staji/gj-1.gif
Trade what you see, not what you think.
  • #908
  • Nov 24, 2011 5:09am Nov 24, 2011 5:09am
Quoting againgabriel
somebody will always read you, just so you know, nice trade.
Thanks for your support

Quoting robthorp
Hi man, ive just started trading forex, a couple of week's ago, the strategy i have been taught and use the most is trading the bounce of the 50ema on 5min charts, i wait for the hourly 4hourly and daily charts to be in agreement of the prevelent trend though.
Apologies if this question has been covered already, i didnt fancy fishing through the 60+ pages of this thread and the search bar brought me here.
It would be nice to know if you or anyone else here has any tips for times i should not enter on the 50ema bounce?
Thanks in advance,...
I use 50ema as support/resistance, always know whether you are trading the trend or the retracement.
Trade what you see, not what you think.
  • #909
  • Nov 24, 2011 5:10am Nov 24, 2011 5:10am
Quoting karmostaji
Pending order for GBP/JPY:

Sell stop @ 120.00
Stop loss @ 121.00
Target @ 118.00
Risk reduced, stop loss moved to 120.50
Trade what you see, not what you think.
  • #910
  • Nov 24, 2011 5:13am Nov 24, 2011 5:13am
Quoting karmostaji
Thanks for your support


I use 50ema as support/resistance, always know whether you are trading the trend or the retracement.
Thankyou , do you find it usefull to have other levels on the graph, such as Fibonacci, previous daily highs/low etc.
  • #911
  • Nov 24, 2011 8:16am Nov 24, 2011 8:16am
Quoting robthorp
Thankyou , do you find it usefull to have other levels on the graph, such as Fibonacci, previous daily highs/low etc.
I use fibo's for retracement levels n daily pivot, support n resistance levels.
Trade what you see, not what you think.
  • #912
  • Nov 24, 2011 10:02am Nov 24, 2011 10:02am
Quoting karmostaji
I use fibo's for retracement levels n daily pivot, support n resistance levels.
Cheers my man, keep up the good work!
  • #913
  • Nov 24, 2011 11:07am Nov 24, 2011 11:07am
Your GBP/JPY trade may be now at +45 pips, would you put a stop loss somewhere to avoid entering the minus zone or you wait until it goes even lower?
By the way, good trade, other pairs are not bear as GBPJPY!
  • #914
  • Nov 24, 2011 3:55pm Nov 24, 2011 3:55pm
Quoting againgabriel
Your GBP/JPY trade may be now at +45 pips, would you put a stop loss somewhere to avoid entering the minus zone or you wait until it goes even lower?
By the way, good trade, other pairs are not bear as GBPJPY!
The trade is going very slow, I've moved SL to +5 pips for now.. I've even tempted to close for 50 pips but I'll stick to my plan instead of letting my emotions take control
Trade what you see, not what you think.
  • #915
  • Nov 25, 2011 12:20pm Nov 25, 2011 12:20pm
Quoting karmostaji
Pending order for GBP/JPY:

Sell stop @ 120.00
Stop loss @ 121.00
Target @ 118.00
Quoting karmostaji
The trade is going very slow, I've moved SL to +5 pips for now.. I've even tempted to close for 50 pips but I'll stick to my plan instead of letting my emotions take control
Trade stopped out for +5 pips
Trade what you see, not what you think.
  • #916
  • Nov 25, 2011 12:21pm Nov 25, 2011 12:21pm
New trade triggered earlier for GBP/JPY

Buy @ 120.20
Stop loss @ 119.31
Target @ 122.20
Trade what you see, not what you think.
  • #917
  • Nov 28, 2011 2:34am Nov 28, 2011 2:34am
had another buy stop on AUD/USD at 0.98085 which was triggered with the gap and I closed it manually for +30 pips

at the moment, I have a Long GJ open and pending orders on AU and EU
Trade what you see, not what you think.
  • #918
  • Nov 28, 2011 3:06am Nov 28, 2011 3:06am
Quoting karmostaji
New trade triggered earlier for GBP/JPY

Buy @ 120.20
Stop loss @ 119.31
Target @ 122.20
Stop loss moved to 120.21, nothing to lose but so much to gain
Trade what you see, not what you think.
  • #919
  • Nov 28, 2011 8:08am Nov 28, 2011 8:08am
Quoting karmostaji
had another buy stop on AUD/USD at 0.98085 which was triggered with the gap and I closed it manually for +30 pips

at the moment, I have a Long GJ open and pending orders on AU and EU
AU pending order cancelled, will wait till I see an opportunity
EU buy stop order @ 1.3415 with a 100 pips s/l and 200 pips target as usual.

Peace
Trade what you see, not what you think.
  • #920
  • Nov 29, 2011 2:43am Nov 29, 2011 2:43am
Open trades are:

Long GJ @ 120.20 , SL @ 120.40 , TP @ 122.20
Long AU @ 0.9980 , SL @ 0.9880 , TP @ 1.0100

I've got pending orders on EU, EJ, and another on GJ
Trade what you see, not what you think.
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