Daily/Intraday Momentum Analysis

I will be analyzing the Daily Momentum of the following instruments on this thread for the next 3months.

GBP/JPY
USD/JPY
EUR/JPY
GBP/USD


DowJones Index
NasDaq 100
FTSE 100
Nikkei 225

Indicators Used :
5 SMA High
5 SMA Close
5 SMA Low

Momentum 1C
Momentum 10C
Momentum 14C

StocasticRSI Inedicator - indicator values 8,3,3 Note: MT4 version can download from this location http://www.forexfactory.com/showthread.php?t=45232
Indicator was Created by brucehavn. Thanks bro.

Charts:
http://www.visualchart.com (a Paid charting package)


The full strategy will be reveled ONLY after the 3 months testing period. This thread is open for discussions.

The purpose if this thread is to create a strategy based on the Momentum of the daily bar. If it's successful after the 3 month testing period, soon we will have a "set & forget" type strategy where we can enter our positions once a day and collect our profits on the next day, without wasting your life starring at the computer all day

A Screen shot of my GJ chart set up for this strategy:

A screen shot of my Indices setup(Nekkei,DJI,Nasdaq,FTSE)

I have a suggestion,
Only based on 5SMA and Momentum seems not enough
how about combine some basic indicators like RSI, STOCH?

we are gradually climbing higher in this wonderful school of "pipsology" and making more pips as well, i pray this new strategy would increase our momentum of making more green pips.
From Aus (Qqe) to Karmo(fibs), Hakuna(sma),Markam(Dow) and the other wonderful contributors who have made the last five months so beautiful in our trading approach, i say thank you and God bless you all for your love and kindness.

Yes definitely, the best indicator is the "Stochastic RSI Oscillator" which is available on VT charts. It's not available on the Visualcharts .I'm getting it created by Wednesday along with the QQE and reverse level stop indicators.

This one is my stoch RSI Oscillator for the Daily, 4H and 1H. I have been using this for a while and works for me plus the Gann HiLo 10

Period RSI ----------- 100
Period% K Stoch ------30
Slowing% K Stoch -----5

Hope you like it.

I Know I'dont post but a follow this treat for long time, and you guys are freaking great.

Good Idea Aus..baby

This is so neat as it fits into my own trading style as well...

Looking forward to your daily analysis on momentum

Hi,

The reversal level stop, have the same configuration of 4H/1H Strat.????

Or you change the ATR Nums???

Thanks Aus for all your Help.

Aus Bro.

Once a day Pill Sounds great !

Excited to be part of it ....

Although i dont post, have been following the thread.This would be great coz i have been having sleepless nights trading GPB/JPY.Aus you are so kind to share another one of your brillant strategy.
Thanks

thank u AUS for ur great job im waiting to see ur final results and ur testing results

may the force be with u "star wars style "

athonykay, I have noticed Aus as such great ideas, I am trying to learn how the trends go is there any suggestions on how I can catch up with learning the G/J

Hey Auslanco, I just wanted to say good luck in your testing! I hope everything turns out great for you. I was thinking of something as well. Some of the instruments you are trading pose quite a bit of "turbulence" compared to the others. For these, would you think it wise to create or add something to filter out the whipsaws and things of that nature? Throughout my trading, I do this on a few pairs of currency like the gbp/jpy. It works extremely well, however you would miss out on a part of the move. It beats overall losing though. Anyways, I can't wait to read and learn your market views. Thanks and have a great day.

quote=auslanco;1697481]A screen shot of my Indices setup(Nekkei,DJI,Nasdaq,FTSE)[/quote]

Aus,

since the DOW momentum is pointing UP, does this mean we are expecting a Bullish trend for G/Y next?

Good idea for the Daily strategy. will be checking this thread very often now...

thanks Aus!


Serendipity

Aus,

Not to get all religious on you but my bible says, "Whatever a man soweth, that he shall reapeth". You have been a blessing not only to me but many others on this thread. You spend countless hours analyzing, answering questions, and moderating and trying to help us all become better traders and financially free. I just wanted to say THANK YOU! I truly belive you will reap a bountiful harvest from all the good you have done and are trying to do. You are much appreciated.

Stoch, RSI, Momentum and MA's are all just variation on rate of change. One is good enough for that purpose. More is not better.

Thank you Aus! I'll monitor this thread to see how the testing goes. It sounds like something I would be interested in using. Good luck with this and all your endeavors!

hello if u want to understand the g/j u have to read the other thread of aus u can have a big idea about the g/j http://www.forexfactory.com/showthread.php?t=40582
thats ur way to g/j world

Good work Aus , it is great idea
i am sure you will find a lot of success.