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Daily/Intraday Momentum Analysis

  • #301
  • Edited 6:15pm Nov 12, 2007 6:04pm | Edited 6:15pm
Quoting auslanco
Bro.. just a small thought.. If the price reach 230+ My 4hr QQE5 will cross upwards, Thats a indication of a short term trend change and That it self could push the price towards 235+ area.
Okay, I see that here on my charts as well, the four hour breaking above 230 would be vital for short term trend change, and a spike to the 61.8/76.4 retrace level at 232.70 up to 234.71.

Thanks bro, appreciate it.

Ken
  • #302
  • Nov 12, 2007 6:32pm Nov 12, 2007 6:32pm
whoa so quiet n peaceful around here , aus just a lil thought bout momentum daily trade ... y not have a 1:1 ratio , if u have 200 points tp , have 200 points sl as well , im devising a similar method to cut my bad speculation on hangseng open gap ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #303
  • Nov 12, 2007 6:36pm Nov 12, 2007 6:36pm
Quoting auslanco
This could go down to 222.80.. I exit my Longs at 225.12.
lol
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #304
  • Nov 12, 2007 6:38pm Nov 12, 2007 6:38pm
Quoting auslanco
This could go all the way to 232.50 area
lol
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #305
  • Nov 12, 2007 6:38pm Nov 12, 2007 6:38pm
aus,

what spooked u bro
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #306
  • Nov 12, 2007 7:34pm Nov 12, 2007 7:34pm
Am I the only one who thinks GBP/JPY is bearish?

-JPY GDP (QoQ): Positive.
-GBP House Price Balance: Negative.

My charting analysis is neautral; suggests a 228 retracement, and then a decline to the 221 levels.
  • #307
  • Nov 12, 2007 8:01pm Nov 12, 2007 8:01pm
Quoting Adwa
Am I the only one who thinks GBP/JPY is bearish?

-JPY GDP (QoQ): Positive.
-GBP House Price Balance: Negative.

My charting analysis is neautral; suggests a 228 retracement, and then a decline to the 221 levels.

I'm expecting 230+ area before 1700EST today
  • #308
  • Nov 12, 2007 8:39pm Nov 12, 2007 8:39pm
Quoting auslanco
I'm expecting 230+ area before 1700EST today
what do you think are the most relevant current support/resistance levels to determine the magnitude of the retracement and its timespan
  • #309
  • Nov 12, 2007 8:54pm Nov 12, 2007 8:54pm
Quoting DaddyWarbuck
what do you think are the most relevant current support/resistance levels to determine the magnitude of the retracement and its timespan
231.40 is Daily 5msa. Todays momentum is pointing towards the Daily 5sma Retracement.
  • #310
  • Nov 12, 2007 9:05pm Nov 12, 2007 9:05pm
Quoting auslanco
I'm expecting 230+ area before 1700EST today

I think you are right on the money. I see a possible retracement to the 23.6 fibo at around the 231 level above monthly pivot, before bears are active again.

PS. Moving to the Journal section was a wise move. Too many clowns in the circus.
{Some Profound Statement goes here}
  • #311
  • Nov 12, 2007 9:08pm Nov 12, 2007 9:08pm
Quoting auslanco
231.40 is Daily 5msa. Todays momentum is pointing towards the Daily 5sma Retracement.
Thanks Aus
Learning
  • #312
  • Nov 12, 2007 10:11pm Nov 12, 2007 10:11pm
Quoting auslanco
231.40 is Daily 5msa. Todays momentum is pointing towards the Daily 5sma Retracement.
Hay Aus. I have looked at my charts, and I put a fib on the 4 hour and it comes in at around the 231.40 that you are talking about. But did you do a fib on the daily to get your 231 mark? Actually looking at it again, the daily fib is coming in at that same point too. The mom is still up on all 3 (1, 10, 14) on daily.
I guess where I need some hints is my entry. I don't want to know what yours is, I just want to work it out for myself so I know what it is. I'm presently looking at the 4 hr qqe, but is that too far off? Also, I am seeing the 5 sma's and the Gann all in a steep downhill fall. Is this sugnificant? I figure it is.
Sorry to be big-winded. Trying to learn. Really appreciate your and M2B, H.M etc inputs. You guys are the greatest. Allan
There is no greater gift than to be a friend.
  • #313
  • Nov 12, 2007 10:53pm Nov 12, 2007 10:53pm
Quoting AussieAl
Hay Aus. I have looked at my charts, and I put a fib on the 4 hour and it comes in at around the 231.40 that you are talking about. But did you do a fib on the daily to get your 231 mark? Actually looking at it again, the daily fib is coming in at that same point too. The mom is still up on all 3 (1, 10, 14) on daily.
I guess where I need some hints is my entry. I don't want to know what yours is, I just want to work it out for myself so I know what it is. I'm presently looking at the 4 hr qqe, but is that too far off? Also, I am seeing the 5 sma's and the Gann all in a steep downhill fall. Is this sugnificant? I figure it is.
Sorry to be big-winded. Trying to learn. Really appreciate your and M2B, H.M etc inputs. You guys are the greatest. Allan

Hi Allan.. I usually dont use fibs.. I use the 5sma(close) level on each TF's instead. It works the same as fibs. Just much easier to spot 5sma's than Fibs , for a no-brainer like myself.

Once you determine your target it's good to enter from 1hr 5sma levels. 1hr 5sma level is the true price of intraday price action IMO. But before you enter make sure the RSI and Stochs are not in oB or OS levels.
  • #314
  • Nov 12, 2007 11:48pm Nov 12, 2007 11:48pm
Quoting auslanco
Hi Allan.. I usually dont use fibs.. I use the 5sma(close) level on each TF's instead. It works the same as fibs. Just much easier to spot 5sma's than Fibs , for a no-brainer like myself.

Once you determine your target it's good to enter from 1hr 5sma levels. 1hr 5sma level is the true price of intraday price action IMO. But before you enter make sure the RSI and Stochs are not in oB or OS levels.
Thanks mate. I will definently go look at how that works. I know you are working on the 5sma strategy, and look forward to seeing what you are coming up with.
Sorry that the other thread turned out so horrid. Glad you can still meet here. Allan.
There is no greater gift than to be a friend.
  • #315
  • Nov 13, 2007 12:10am Nov 13, 2007 12:10am
Hi Aus,

I have said a few times, the 5 MA is the greatest thing since sliced bread.
I have learned it's full potential on your thread.

I still don't quite get the momentum thing. But I am making progress with the 1C. Within the past 1/2 hr, a candle closed below the 5, and the 1C turned down, on the 15m, since the daily is still up, I am still expecting a retrace to at least 229.5. So, I correctly anticipated a retrace (bearish) to the 5 1hr.
Bingo! right on the head ( I did close my long from 226.6 just in case). I re-entered long @ 227.0 and am up 30 pips as we speak.

I am still working on the interaction of the 1C with the 10, and 14.
What I am really curious about, is how you make your time prediction.

Thanks for a great past few months.

I hoped you don't mind me asking a question on your "Journal" thread, but its quieter here and I won't get comments from the "peanut gallery".
  • #316
  • Nov 13, 2007 12:15am Nov 13, 2007 12:15am
Good day, guys!
go go go
  • #317
  • Edited 12:17am Nov 13, 2007 12:17am | Edited 12:17am
Hmm . . .

I have the "5" at 2 different prices on different charts.
1 closes @ 17:00 EST, the other @ 00:00 EST. The 17:00 is higer @ 231.45
  • #318
  • Nov 13, 2007 12:46am Nov 13, 2007 12:46am
tighten your stop loss guys.. market may reverse.
  • #319
  • Nov 13, 2007 1:06am Nov 13, 2007 1:06am
looks like we are going on the upside any idea on how high we are going to go
  • #320
  • Nov 13, 2007 1:55am Nov 13, 2007 1:55am
we are getting 15min short signal.
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