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Daily/Intraday Momentum Analysis

  • #341
  • Nov 13, 2007 3:14pm Nov 13, 2007 3:14pm
Quoting Srikanth
aus, shall i close my long positions now or wait for some time ?

It could reach atleast 230.50 before a reversal.
  • #342
  • Nov 13, 2007 3:19pm Nov 13, 2007 3:19pm
aus,

using the daily 5 sma high/open/close strategy how do u determine price targets?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #343
  • Nov 13, 2007 3:25pm Nov 13, 2007 3:25pm
Quoting moneymagnet
aus,

using the daily 5 sma high/open/close strategy how do u determine price targets?

Using 5sma's, the price will reach 5sma Low at 228.70. Using the momentum indicator(and it's angles) it could reach yesterdays low.
  • #344
  • Nov 13, 2007 3:30pm Nov 13, 2007 3:30pm
Quoting auslanco
Todays possible price action
Aus, is the file size of that pic too big for forex factory? i am not seeing anything.
  • #345
  • Nov 13, 2007 3:38pm Nov 13, 2007 3:38pm
Quoting pipdiddy
Aus, is the file size of that pic too big for forex factory? i am not seeing anything.

no... They have made some changes from the last weekend and now it's not as picture friendly as what it used to be. Pisses me off.
  • #346
  • Nov 13, 2007 4:23pm Nov 13, 2007 4:23pm
Quoting auslanco
Todays possible price action
aus,

just tryin to understand your chart. the first purple line at 231.39 is the close before the weekend so geppy hitting that point would be "filling the weekend gap", right? i have heard term that a few times and i just wanted to make sure that is actually what itmeans.

what is the second purple line (231.99) from?
  • #347
  • Nov 13, 2007 4:25pm Nov 13, 2007 4:25pm
Please use this as giudence only.
Attached Image (click to enlarge)
Click to Enlarge Name: fre3.jpg Size: 20 KB
  • #348
  • Nov 13, 2007 4:27pm Nov 13, 2007 4:27pm
Quoting DaddyWarbuck
aus,

just tryin to understand your chart. the first purple line at 231.39 is the close before the weekend so geppy hitting that point would be "filling the weekend gap", right? i have heard term that a few times and i just wanted to make sure that is actually what itmeans.

what is the second purple line (231.99) from?
correct..
  • #349
  • Nov 13, 2007 4:33pm Nov 13, 2007 4:33pm
Hi aus how are you mate. please tell me if what i am going to say has logic and corect. daily mom super bearish all pointing down. but new 4 hour mom, 10c very bulish 1c and 14c flat to bearish. i understand that the price will not drop in this 4h time frame because that 10c will suport it until the next candle.
  • #350
  • Nov 13, 2007 4:42pm Nov 13, 2007 4:42pm
Quoting bill77
Hi aus how are you mate. please tell me if what i am going to say has logic and corect. daily mom super bearish all pointing down. but new 4 hour mom, 10c very bulish 1c and 14c flat to bearish. i understand that the price will not drop in this 4h time frame because that 10c will suport it until the next candle.
spot on bro. Price wouldnt drop on the current 4hr bar.
  • #351
  • Nov 13, 2007 6:11pm Nov 13, 2007 6:11pm
aus, for time being till what price it can go down now?
  • #352
  • Nov 13, 2007 6:13pm Nov 13, 2007 6:13pm
hey aus saw your new signature and saw it was edited all the way back to the beginning of this thread. Hope your not going anywhere and if you do we definately want to follow. I tried the web address but wasn't able to get anywhere with it. I am not really great on a computer .....is there something more i need to know? Once again thanks for all you do for all of us. Blunt
  • #353
  • Nov 13, 2007 6:15pm Nov 13, 2007 6:15pm
Quoting Srikanth
aus, for time being till what price it can go down now?
229.80-229.40
  • #354
  • Nov 13, 2007 6:20pm Nov 13, 2007 6:20pm
Quoting auslanco
Todays possible price action
Thanks for the insight.
Using your chart and applying a basic A-B-C-D downward price continuation pattern... The measured target price projection Could be..
A =Friday Price 237.84
B =Monday 224.17
C= Today 231.00

D =Target 217.63
  • #355
  • Nov 13, 2007 6:38pm Nov 13, 2007 6:38pm
Hi Aus. Just wanna ask if you set your stop to BE after a certain point on your 15m strategy.
Quoting auslanco
Good Morning

Fat Bear day IMO.. Daily Bar formed below 5sma (close) and all the momentums pointing down. Today's Target 224.50.

Wait for the 15min strategy short signal to enter short.
  • #356
  • Nov 13, 2007 6:40pm Nov 13, 2007 6:40pm
Quoting Gandolf
Hi, Aus and Bruce.

I modified the Momentum-Multi indicator to calculate the OB/OS levels for each time frame according to your guidelines (carving out middle 2/3's). Aus, wondering if you might look at the OB/OS levels to see if they are about what you would approximate.

Bruce, you could probably make this better.
Tried to download did not seem to work. Looks to be a great indicator. Not sure what is the issue. Ever since the sever went through some changes there has been some unusual issues.

Where you able to download?
  • #357
  • Nov 13, 2007 6:57pm Nov 13, 2007 6:57pm
Quoting Gandolf
don't know why it doesn't download normally. if you right click on the link and "save target" it should work.
That did it!!

Thank you
  • #358
  • Nov 13, 2007 7:18pm Nov 13, 2007 7:18pm
Quoting Lemonjam
Hi Aus. Just wanna ask if you set your stop to BE after a certain point on your 15m strategy.
we didnt have a 15min strategy long trade for this week. Price is still below the 1hr 100sma.

I took this long trade from the Daily Momentum strategy at 226.28 and I have moved my stop loss to 229. Target is 232.
  • #359
  • Nov 13, 2007 7:24pm Nov 13, 2007 7:24pm
Sorry Aus I meant if setting the stop to break even is a part of the 15m strategy or is it discretionary? Thanks.

Edit:

Would you suggest for example settings stop to BE when you get +50 or something? Thanks

Quoting auslanco
we didnt have a 15min strategy long trade for this week. Price is still below the 1hr 100sma.

I took this long trade from the Daily Momentum strategy at 226.28 and I have moved my stop loss to 229. Target is 232.
  • #360
  • Nov 13, 2007 7:29pm Nov 13, 2007 7:29pm
Quoting Lemonjam
Sorry Aus I meant if setting the stop to break even is a part of the 15m strategy or is it discretionary? Thanks.

Edit:

Would you suggest for example settings stop to BE when you get +50 or something? Thanks

yes , Trailling stop of 60 is recommended if wish to use that feature.
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