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Daily/Intraday Momentum Analysis

  • #21
  • Nov 4, 2007 3:56pm Nov 4, 2007 3:56pm
Quoting Serendipity
quote=auslanco;1697481]A screen shot of my Indices setup(Nekkei,DJI,Nasdaq,FTSE)
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[/quote]
anoda kudos 2 d fx community from FF..am also testin a sytem dat gives a 200pips signal a couple of times on 3-major pairs currently its workin pretty well on g/u,g/j,e/u..but cant say yet coz market has been in straight faces...will be glad 2 share it wit u all if it turns out pretty well...happy green pips for everyone
Imanuel Parsifal
  • #22
  • Nov 4, 2007 3:58pm Nov 4, 2007 3:58pm
Quoting moneymagnet
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.
Thank you moneymagnet for saying exactly what my thoughts have been everytime I read Aus posts and all the other fine contributers. To all THANK YOU!

Nikki
  • #23
  • Nov 4, 2007 5:32pm Nov 4, 2007 5:32pm
Aus, thanks a lot for coming out with new idea. i have been following your thread for 3weeks and i learnt so many things and looking forward to learn more to be successful. Once again thanks a lot and God Bless You My Master.
Regards
  • #24
  • Nov 4, 2007 5:49pm Nov 4, 2007 5:49pm
With you on this one , Aus. Wishing you the best and grateful for all you do for us.
  • #25
  • Edited 7:10pm Nov 4, 2007 6:59pm | Edited 7:10pm
Today daily bar started 2 hours ago.. above the 5sma (close)
: Bull bias.
At the start of the bar Momentum 10C and 14 C was above the zero line/100line and pointing extremely bullish.

There for it's a deffinitly a bull day.

However 1C is poiniting down. showing a 5 sma (close) retracement since the bar started between the 5sma (High) and 5sma (Low).

action:

I wait for the 5sma (close) retracement and entered Long @ 238.93. I will close the poisition at the END of the current daily bar.(tommorrow)
Attached Image (click to enlarge)
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  • #26
  • Nov 4, 2007 7:08pm Nov 4, 2007 7:08pm
Aus you entered long at 238.93 or is that typing mistake?
regards
Quoting auslanco
Today daily bar started 2 hours ago.. above the 5sma (close)
: Bull bias.
At the start of the bar Momentum 10C and 14 C was above the zero line/100line and pointing extremely bullish.

There for it's a deffinitly a bull day.

However 1C is poiniting down. showing a 5 sma (close) retracement since the bar started between the 5sma (High) and 5sma (Low).

action:

I wait for the 5sma (close) retracement and entered Long @ 239.93. I will close the poisition at the END of the current daily bar.(tommorrow)
  • #27
  • Nov 4, 2007 7:11pm Nov 4, 2007 7:11pm
Quoting kenneith
Aus you entered long at 238.93 or is that typing mistake?
regards
Thanks Kenneith , It was a typo. Just corrected to 238.93
  • #28
  • Nov 4, 2007 7:14pm Nov 4, 2007 7:14pm
NP bro.
regards
  • #29
  • Nov 4, 2007 7:16pm Nov 4, 2007 7:16pm
Aus,

Couldn't resist to make a comment..it seems the BIG guns following your strategy..price is shooting like a rocket from 239.00..wow..amazing and great analysis..

Thanks a million pips !
DL
  • #30
  • Nov 4, 2007 7:47pm Nov 4, 2007 7:47pm
Aus Bro

Just a question why u picked 241.50 area (any fib/trend/monthly/weekly pivot etc.)?

Thanks
Success has a Thousand Fathers.
  • #31
  • Nov 4, 2007 8:04pm Nov 4, 2007 8:04pm
Quoting kayman
Aus Bro

Just a question why u picked 241.50 area (any fib/trend/monthly/weekly pivot etc.)?

Thanks

Thurdays high was 241.30.. todays Momentum is strong enough to go pass Thursdays high's. no real technical reason.. Just an idea where the price could reach today.
Attached Image (click to enlarge)
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  • #32
  • Nov 4, 2007 8:34pm Nov 4, 2007 8:34pm
Quoting auslanco
Thurdays high was 241.30.. todays Momentum is strong enough to go pass Thursdays high's. no real technical reason.. Just an idea where the price could reach today.

Looking at that MoM... Thu vs today ... 241.50 seems like a conservative target

Thanks
Success has a Thousand Fathers.
  • #33
  • Nov 4, 2007 8:58pm Nov 4, 2007 8:58pm
GBP/USD... 80% bullish day. Good 10C and 14C bullish momentum.

I will have a "limit Buy" at Daily 5sma close(2.0810) to catch the Daily momentum.
Attached Image (click to enlarge)
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  • #34
  • Nov 4, 2007 9:08pm Nov 4, 2007 9:08pm
Quoting auslanco
GBP/USD... 80% bullish day. Good 10C and 14C bullish momentum.

I will have a "limit Buy" at Daily 5sma close(2.0810) to catch the Daily momentum.
Hi Aus,

Though it's my first day to try out your strategy, I will follow your trade. What is the expected TP for GU tomorrow? Have not set up the daily mom chart yet.

Thanks.
  • #35
  • Nov 4, 2007 9:16pm Nov 4, 2007 9:16pm
Not a good bearish signal since the 10C has not crossed the zero line . However I went short at 114.69 to hedge the GJ long poistion.
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  • #36
  • Nov 4, 2007 9:20pm Nov 4, 2007 9:20pm
Quoting joyrider
Hi Aus,

Though it's my first day to try out your strategy, I will follow your trade. What is the expected TP for GU tomorrow? Have not set up the daily mom chart yet.

Thanks.

trade close tommorow at the start of the new Daily bar. No TP limit. Could be 5 pip or 1000 pips. The idea is to enter the trade once a day and close it next day. The Lazy Man's Holy Grail
  • #37
  • Nov 4, 2007 9:25pm Nov 4, 2007 9:25pm
The daily bar is above the 5 sma close( bullish bias) Momentum is mixed. Therefor No trade today
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  • #38
  • Nov 4, 2007 9:33pm Nov 4, 2007 9:33pm
GBP/USD 5sma High retracement at 2.0848 is also a good area to buy. A strong bullish momentum. It may not retrace all the way down to 2.0810.
  • #39
  • Nov 4, 2007 9:39pm Nov 4, 2007 9:39pm
Aus i am with CMC Markets UK and for EUR/JPY, USD/JPY and GBP/JPY all three indicators are pointing upwards on the daily charts. My daily candle close at 0000GMT. Is it because of we are using different brokers? thanks
regardsquote=auslanco;1698497]The daily bar is above the 5 sma close( bullish bias) Momentum is mixed. Therefor No trade today[/quote]
  • #40
  • Nov 4, 2007 9:42pm Nov 4, 2007 9:42pm
I will have a "limit Buy" at Daily 5sma close(2.0810) to catch the Daily momentum.

what is your SL my friend ?
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