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Daily/Intraday Momentum Analysis

  • #101
  • Nov 7, 2007 2:47am Nov 7, 2007 2:47am
Quoting Big Bruv
Hi Aus...baby

Just to confirm:

I read the daily momentum at the Start of the bar: so if the bar starts at 00.00 GMT - This is the point that i read it? or do i wait till 00.01 ( a minute after) to read it - does this distort the reading?
start of the bar reading is very important. as an exmbple on todays daily bar 10C 14C was bullish. now it's slowley pointing down with the price action. But later on today the bullish momnetums would come in to play with a major retracemnt. You always have to keep in mind the momentum reading at the start of the bar. There will be a large pull back ater today to make the daily momentum happy.
  • #102
  • Nov 7, 2007 2:50am Nov 7, 2007 2:50am
Quoting howard
On my charts 12h, 8h and 4h are all super bearish

yeh.. 12hr bar close at 13GMT and 8 hr close at 17GMT. Price will be bearish bias until then. Remember, the 8hr bar started with a bullish 1C. There could be a pull back as soon as the 12hr bar close at 13GMT.
  • #103
  • Nov 7, 2007 3:08am Nov 7, 2007 3:08am
see how the price reached daily 5sma Low.. and bounced back. 4hr momentum is strong enough to go further down But if you are still holding shorts be cautious as we already have reached the TP2 level(daily 5sma low)
Attached Image
  • #104
  • Nov 7, 2007 3:17am Nov 7, 2007 3:17am
couldn't this GM news at 7am est coupled with dollar concerns on wall street push the geppy down to 236.70-90 area
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #105
  • Nov 7, 2007 3:30am Nov 7, 2007 3:30am
Quoting moneymagnet
couldn't this GM news at 7am est coupled with dollar concerns on wall street push the geppy down to 236.70-90 area

It could but no gurantees since according to this strategy the price has reached the safe profit taking level already. Dont be surprise to see a bounce back from this level . Daily 10C and 14C momentum was extremely bullish at the start of the bar. However I still got 25% position open down to 236.70 on the 4hr /1hr strategy TP level.
  • #106
  • Nov 7, 2007 3:36am Nov 7, 2007 3:36am
any bounces from this level would be temporary. We may see below 231 by Tuesday next week.
  • #107
  • Nov 7, 2007 3:47am Nov 7, 2007 3:47am
The current 30 min Channel
Attached Image (click to enlarge)
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  • #108
  • Nov 7, 2007 4:02am Nov 7, 2007 4:02am
Hello. Maybe anyone have skype so we can discuss live this system? Would be profitable i guess
  • #109
  • Nov 7, 2007 4:16am Nov 7, 2007 4:16am
where can I find the MT indi for this moment 1c, 10c.....?
  • #110
  • Nov 7, 2007 4:34am Nov 7, 2007 4:34am
Quoting RedA
where can I find the MT indi for this moment 1c, 10c.....?
it's a default indicator on MT4
  • #111
  • Nov 7, 2007 4:35am Nov 7, 2007 4:35am
watch out for the 1C and 10C momentum change at 1400 GMT on MT4. I may go long if it shows a good retracement Mom
  • #112
  • Nov 7, 2007 4:38am Nov 7, 2007 4:38am
Karmo, what do you think bro?
  • #113
  • Nov 7, 2007 4:46am Nov 7, 2007 4:46am
Quoting auslanco
Karmo, what do you think bro?
I've closed my short, I'm with you regarding the long, just waiting for some more signs and I'll pull the trigger.
Trade what you see, not what you think.
  • #114
  • Nov 7, 2007 4:50am Nov 7, 2007 4:50am
Quoting karmostaji
I've closed my short, I'm with you regarding the long, just waiting for some more signs and I'll pull the trigger.
I'm waiting for 236.70 area to go long. I have my doubts whether it will reach there with the bloody Dow
  • #115
  • Nov 7, 2007 5:01am Nov 7, 2007 5:01am
hello aus do u think a long position its a good decsion now or we have to wait the non -farm productivity first to see ?
  • #116
  • Nov 7, 2007 5:06am Nov 7, 2007 5:06am
Quoting anthonykay
hello aus do u think a long position its a good decsion now or we have to wait the non -farm productivity first to see ?
New 12hr bar shows a good retracement.. Waiting for the MT4 4hr at 1400GMT
Attached Image (click to enlarge)
Click to Enlarge Name: 3e1.jpg Size: 55 KB
  • #117
  • Nov 7, 2007 5:13am Nov 7, 2007 5:13am
thank u AUS
  • #118
  • Nov 7, 2007 5:43am Nov 7, 2007 5:43am
Aus I've notice you utilize the upper TF for your Mom readings besides retracements does it work on the lower TF as well.
  • #119
  • Nov 7, 2007 5:49am Nov 7, 2007 5:49am
Quoting icthelite98
Aus I've notice you utilize the upper TF for your Mom readings besides retracements does it work on the lower TF as well.
yepp.... It works on 1min TF to monthly
  • #120
  • Nov 7, 2007 5:52am Nov 7, 2007 5:52am
Bro,

Do you have any open long position on G/J or short position on G/U?
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