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Daily/Intraday Momentum Analysis

  • #141
  • Nov 7, 2007 8:10pm Nov 7, 2007 8:10pm
4hr
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  • #142
  • Nov 7, 2007 8:17pm Nov 7, 2007 8:17pm
weekly
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  • #143
  • Nov 7, 2007 8:44pm Nov 7, 2007 8:44pm
Quoting auslanco
weekly
Dear Aus, isn't this chart implying that momentum readings also have significant meanings after a bar develop some time?

I thought that momentums give better readings at the beginning of the bar as you taught before.

However, I do see that it is really meaningful to watch it anytime, especially during a "long" bar like a weekly or daily, since I feel that the current momentum's pointings mean a lot for the rest of the bar after following ur momentums analysis so long.

Thanks again, bro!
  • #144
  • Nov 7, 2007 8:48pm Nov 7, 2007 8:48pm
Here you go daily chart which clearly shows the target is 234.15

Aus, update me if i'm wrong..thank you
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  • #145
  • Nov 7, 2007 8:49pm Nov 7, 2007 8:49pm
Quoting auslanco
New bearish 4hr Momentum..

re-test of the Low's possible. Wait for the 15min signal to go short
I wonder why my 4hr mom does not match yours. I am using VT. Any idea?
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  • #146
  • Edited 9:15pm Nov 7, 2007 8:54pm | Edited 9:15pm
Quoting auslanco
Thats right bro.. you enter at 0100GMt and close at 1300GMT on the 12 hr bar
How do you calculate SL for a trade in this technique ?
  • #147
  • Nov 7, 2007 9:15pm Nov 7, 2007 9:15pm
Quoting charvo
Dear Aus, isn't this chart implying that momentum readings also have significant meanings after a bar develop some time?

I thought that momentums give better readings at the beginning of the bar as you taught before.

However, I do see that it is really meaningful to watch it anytime, especially during a "long" bar like a weekly or daily, since I feel that the current momentum's pointings mean a lot for the rest of the bar after following ur momentums analysis so long.

Thanks again, bro!
Both are equally imporatnat to determine the take profit levels. However even if the momentum changes with the price action, you should never overlook the momentum at the start of the bar. Best example is yesterdays Daily bar. 10C and 14C was super bullish at the start and the Price made a huge attempt to catch up with the daily bullish momentum just before the bar close.
  • #148
  • Nov 7, 2007 9:19pm Nov 7, 2007 9:19pm
Quoting fxeye
How do you calculate SL for a trade in this technique ?
I haven't figured that out yet. a Pair can swing 100-200 pips to the opposite side before swinging back to the daily momentum. It was evident from Mondays GJ trade when the pair was 200+ negtive before closing for +23 pip profit. Also yesterdays AUD/USD short trade was 100pip negative before closing at +70 pips. I'm currently trading on 1:1 leverage with out stop loss untill I figure it out.
  • #149
  • Nov 7, 2007 9:21pm Nov 7, 2007 9:21pm
Quoting Mr. G.
I wonder why my 4hr mom does not match yours. I am using VT. Any idea?

different Times on bars

Mine is MT4. My Vt is same as yours. next leg of the bearish rally may begin at 5AM GMT after the next 4hr bar starts on VT
  • #150
  • Nov 7, 2007 9:24pm Nov 7, 2007 9:24pm
Quoting auslanco
different Times on bars

Mine is MT4. My Vt is same as yours. next leg of the bearish rally may begin at 5AM GMT after the next 4hr bar starts on VT
Thanks, but how do you decide which platform to use for you analysis?
  • #151
  • Nov 7, 2007 9:36pm Nov 7, 2007 9:36pm
Quoting Mr. G.
Thanks, but how do you decide which platform to use for you analysis?
any platform.. Vt bar started with bearish momentum 10C and 14 was pointing down and and 1C was Neutral.. Now that Momentum is coming in to play .
  • #152
  • Nov 7, 2007 9:50pm Nov 7, 2007 9:50pm
Todays daily momentum is bullish... If you are planning to go short , lock in profits . There could be a larger retracement after a dip, like we saw after NY close.
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  • #153
  • Nov 7, 2007 10:09pm Nov 7, 2007 10:09pm
Current 15min channel Down
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  • #154
  • Nov 7, 2007 10:14pm Nov 7, 2007 10:14pm
Quoting auslanco
Todays daily momentum is bullish... If you are planning to go short , lock in profits . There could be a larger retracement after a dip, like we saw after NY close.
auslanco,

do you think that the dip will retest the pairs earlier low before retracing?

thx
  • #155
  • Nov 7, 2007 10:19pm Nov 7, 2007 10:19pm
currently the price is sitting on 4hr 200EMA and 100SMA. The pair had tested this level before. This is the sconed attempt. The bearish Momentum is strong enough to break this level and reach new lows.
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  • #156
  • Nov 7, 2007 10:20pm Nov 7, 2007 10:20pm
Quoting DaddyWarbuck
auslanco,

do you think that the dip will retest the pairs earlier low before retracing?

thx

yes.. It will retest the Lows before a large pull back towards Daily 5sma IMO
  • #157
  • Nov 7, 2007 11:04pm Nov 7, 2007 11:04pm
New VT 4hr bar indicates a large retracement or a possible trend reversal..However theres one more hour left on the super bearish MT4 4hr bar. I may close my short postions at frankfurt open unless the next hourly momentum points down on all three.
  • #158
  • Nov 7, 2007 11:12pm Nov 7, 2007 11:12pm
Quoting auslanco
yes.. It will retest the Lows before a large pull back towards Daily 5sma IMO
Daily 5SMA is at 239.30?
  • #159
  • Nov 7, 2007 11:14pm Nov 7, 2007 11:14pm
Quoting auslanco
New VT 4hr bar indicates a large retracement or a possible trend reversal..However theres one more hour left on the super bearish MT4 4hr bar. I may close my short postions at frankfurt open unless the next hourly momentum points down on all three.
I'm totally with you on this, expecting a reversal and possible new highs next week unless BOE cuts rates today.
Trade what you see, not what you think.
  • #160
  • Nov 7, 2007 11:32pm Nov 7, 2007 11:32pm
Quoting karmostaji
I'm totally with you on this, expecting a reversal and possible new highs next week unless BOE cuts rates today.
We got Tokyo Support 1 at 234.78..

and Daily/4hr trend line at 233.30 area...

I hope atleast one of those levels before a possible bounce back
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