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Daily/Intraday Momentum Analysis

  • #221
  • Nov 8, 2007 6:20pm Nov 8, 2007 6:20pm
My first post!! Been following ur thread for awhile and learned heaps. Thank you very much.
I am new to forex. Just want to make sure i got it right: 10c is the most important momentum, if supported by 1c and 14c. then the end of the bar will probably end up in green if momentum is up and vice versa!?
  • #222
  • Nov 8, 2007 7:19pm Nov 8, 2007 7:19pm
Good Morning, Todays MT4 daily
bar formed below then Daily 5sma Close. Momentum's are mixed but bearish bias. Today is the last day of a strong bearish weekly bar. If the price dips below 237 there could be a rally down to 234.80 area to complete the weekly 5sma(Low) .
  • #223
  • Nov 8, 2007 7:21pm Nov 8, 2007 7:21pm
Quoting forexlane
My first post!! Been following ur thread for awhile and learned heaps. Thank you very much.
I am new to forex. Just want to make sure i got it right: 10c is the most important momentum, if supported by 1c and 14c. then the end of the bar will probably end up in green if momentum is up and vice versa!?
actually the 1C is most important and supported by other two.
  • #224
  • Nov 8, 2007 7:23pm Nov 8, 2007 7:23pm
Quoting auslanco
Good Morning, Todays MT4 daily
bar formed below then Daily 5sma Close. Momentum's are mixed but bearish bias. Today is the last day of a strong bearish weekly bar. If the price dips below 237 there could be a rally down to 234.80 area to complete the weekly 5sma(Low) .

possible scenario
Attached Image (click to enlarge)
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  • #225
  • Nov 8, 2007 7:24pm Nov 8, 2007 7:24pm
Quoting auslanco
actually the 1C is most important and supported by other two.
Thank you.
  • #226
  • Nov 8, 2007 7:42pm Nov 8, 2007 7:42pm
Moves To New Record High, Ignores Ecb President Trichet's Warning Against "brutal" Currency Moves
  • #227
  • Nov 8, 2007 7:49pm Nov 8, 2007 7:49pm
GM Aus. it seems like momentum analysis are not for GBP/USD and EURO/USD because i have been trying it on other pairs where i am getting good results. Please advise if momentum is pointing more than 30degree what does it signifies? thanks
regards
Quoting auslanco
Moves To New Record High, Ignores Ecb President Trichet's Warning Against "brutal" Currency Moves
  • #228
  • Nov 8, 2007 7:54pm Nov 8, 2007 7:54pm
Hi Aus, Could you please tell me if these settings are right, and if so, is this showing that it could turn bearish?
Thank you for your time.
Attached Image (click to enlarge)
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  • #229
  • Nov 8, 2007 7:59pm Nov 8, 2007 7:59pm
Quoting kenneith
GM Aus. it seems like momentum analysis are not for GBP/USD and EURO/USD because i have been trying it on other pairs where i am getting good results. Please advise if momentum is pointing more than 30degree what does it signifies? thanks
regards
it should work on all currency pairs..However these are not normal price action for GU and EU. smaller TF like 4hr and 2hr is ideal to trade USD based pairs.

can you post a scrrenshot .
  • #230
  • Nov 8, 2007 8:06pm Nov 8, 2007 8:06pm
Quoting fxstman
Hi Aus, Could you please tell me if these settings are right, and if so, is this showing that it could turn bearish?
Thank you for your time.
The TF is already bearish as long as the qqe5 is crossed down.
On the current 4hr bar is bearish bias since the 1C is pointing down but mixed momentum on 10C and 14C.

Bearish but choppy 4hr bar
  • #231
  • Nov 8, 2007 8:08pm Nov 8, 2007 8:08pm
i dont know mate how to do it because i am totally new, i have learnt only from you guys otherwise i didnt know anything about trading, before this i was relying on one crap software for which i paid 5k. i am trading on 4hr TF on all currency pairs including gold and i am really thankful to you because what i learnt you is really working for me. in addition to this i have seen price action is around 5smas which makes my work more easier to track it. lquote=auslanco;1706883]it should work on all currency pairs..However these are not normal price action for GU and EU. smaller TF like 4hr and 2hr is ideal to trade USD based pairs.

can you post a scrrenshot .[/quote]
  • #232
  • Nov 8, 2007 8:16pm Nov 8, 2007 8:16pm
Quoting kenneith
i dont know mate how to do it because i am totally new, i have learnt only from you guys otherwise i didnt know anything about trading, before this i was relying on one crap software for which i paid 5k. i am trading on 4hr TF on all currency pairs including gold and i am really thankful to you because what i learnt you is really working for me. in addition to this i have seen price action is around 5smas which makes my work more easier to track it. lquote=auslanco;1706883]it should work on all currency pairs..However these are not normal price action for GU and EU. smaller TF like 4hr and 2hr is ideal to trade USD based pairs.

can you post a scrrenshot .
[/quote]

NP.. these are strong momentum angles
Attached Image
  • #233
  • Nov 8, 2007 8:19pm Nov 8, 2007 8:19pm
Thank You for your reply! I know this is noob of all noob Q's, but when you say the 4H bar, are you talking about the current candle stick that is taking place?

Thank You, and then I'll shut up and not take anymore of your time
  • #234
  • Nov 8, 2007 8:22pm Nov 8, 2007 8:22pm
Thanks Bro. i have send you PM, pls check it.
Regards
NP.. these are strong momentum angles[/quote]
  • #235
  • Nov 8, 2007 8:31pm Nov 8, 2007 8:31pm
Quoting fxstman
Thank You for your reply! I know this is noob of all noob Q's, but when you say the 4H bar, are you talking about the current candle stick that is taking place?

Thank You, and then I'll shut up and not take anymore of your time
yes.. The momentum readings are always for the current bar on that particular TF.
  • #236
  • Nov 8, 2007 11:32pm Nov 8, 2007 11:32pm
The new 4hr bar showing a bearish momentum for the next 4hrs.
Attached Image (click to enlarge)
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  • #237
  • Nov 8, 2007 11:51pm Nov 8, 2007 11:51pm
Aus Bro,

How does existing 12HR MoM look ?

Also if we dont see price down/close to weekly 5sma low ( as suggested by Weekly MoM), do u think we might see carry over of bearish action into next week.

P.S : (I dont recall the Phrase u use for left over MoM from one TF to another )
Success has a Thousand Fathers.
  • #238
  • Nov 8, 2007 11:56pm Nov 8, 2007 11:56pm
hi aus my mentor
tks for ur sharing.
one question??
i use FXDD MT4 platform and new 4hr and 8hr bar in this paltform will form in 10 minutes.can i rely on it's momentom that will be form??or just should be wait for VT momentoms.(i also use VT)
tks
  • #239
  • Nov 8, 2007 11:59pm Nov 8, 2007 11:59pm
Quoting kayman
Aus Bro,

How does existing 12HR MoM look ?

Also if we dont see price down/close to weekly 5sma low ( as suggested by Weekly MoM), do u think we might see carry over of bearish action into next week.

P.S : (I dont recall the Phrase u use for left over MoM from one TF to another )
Yess.. Overdue Momentum will carry on to next week specially when the monthly momentum is pointing down..
Attached Image (click to enlarge)
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  • #240
  • Nov 9, 2007 12:01am Nov 9, 2007 12:01am
Quoting shahroodi
hi aus my mentor
tks for ur sharing.
one question??
i use FXDD MT4 platform and new 4hr and 8hr bar in this paltform will form in 10 minutes.can i rely on it's momentom that will be form??or just should be wait for VT momentoms.(i also use VT)
tks
Yes you can rely on FXDD charts.
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