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Daily/Intraday Momentum Analysis

  • #521
  • Nov 15, 2007 2:15am Nov 15, 2007 2:15am
Frankies are sure confused.....
Success has a Thousand Fathers.
  • #522
  • Nov 15, 2007 2:18am Nov 15, 2007 2:18am
Hi Aus how much stop loss did you allow on those shorts, mine got stopped on oanda at 229.72
  • #523
  • Nov 15, 2007 2:27am Nov 15, 2007 2:27am
Quoting slippery
Hi Aus how much stop loss did you allow on those shorts, mine got stopped on oanda at 229.72
anywhere between 200-400 pips. When you trade the daily momentum you have to leave sufficient space for swings. cut down the lot size and increase SL. My entry was at 230.10 last night and I have brought my stop loss down to 229.90, just above the London Pivot. No new positions today.
  • #524
  • Nov 15, 2007 2:50am Nov 15, 2007 2:50am
Quoting auslanco
GU momentum pointing up. But the daily bar started below the 5sma (Low). therefor it's a 50/50 chance the price may go up, even if all the momentums pointing up.. If the bar started above the 5sma (close) then it's a guaranteed bull day.
I understand step by step here .. LOL Let me make the point . If the open candle started above 5SMA(close) it's mean the uptrend bias and confirm by all the momentum up. If the open candle started below the 5 SMA(close) it's mean the downtrend bias and confirm by all the momentum down. If those two conditions not confirm so we should stay away from the market. Am I right here Aus ?
Trade wise !
  • #525
  • Nov 15, 2007 3:03am Nov 15, 2007 3:03am
Quoting Nobita
I understand step by step here .. LOL Let me make the point . If the open candle started above 5SMA(close) it's mean the uptrend bias and confirm by all the momentum up. If the open candle started below the 5 SMA(close) it's mean the downtrend bias and confirm by all the momentum down. If those two conditions not confirm so we should stay away from the market. Am I right here Aus ?
correct
  • #526
  • Nov 15, 2007 3:18am Nov 15, 2007 3:18am
book some profits at 227.20 area.
  • #527
  • Nov 15, 2007 3:20am Nov 15, 2007 3:20am
Quoting auslanco
book some profits at 227.20 area.
congrat my budd
as always your analysis are golden.
have a success
  • #528
  • Nov 15, 2007 3:22am Nov 15, 2007 3:22am
U/J short signal generated by 1H and 4H QQE Aus system
  • #529
  • Nov 15, 2007 3:23am Nov 15, 2007 3:23am
a question aus???
it's safe to get 15 min strategy signal now???
or it's better to wait for new 12hr momentoms and thier direction???(also wait till news realse)
  • #530
  • Nov 15, 2007 3:26am Nov 15, 2007 3:26am
Quoting auslanco
book some profits at 227.20 area.
I must be blind..what's at 227.20 bud
Success has a Thousand Fathers.
  • #531
  • Nov 15, 2007 3:27am Nov 15, 2007 3:27am
Quoting kayman
I must be blind..what's at 227.20 bud
Weekly Support...is it
Success has a Thousand Fathers.
  • #532
  • Nov 15, 2007 3:28am Nov 15, 2007 3:28am
Quoting kayman
I must be blind..what's at 227.20 bud
Daily sma low?
  • #533
  • Nov 15, 2007 3:32am Nov 15, 2007 3:32am
I guess we might get to see 225 after all.

Great work Aus!
  • #534
  • Nov 15, 2007 3:35am Nov 15, 2007 3:35am
Quoting kayman
Weekly Support...is it
Daily 5sma Low and London support 1
  • #535
  • Nov 15, 2007 3:38am Nov 15, 2007 3:38am
Quoting shahroodi
a question aus???
it's safe to get 15 min strategy signal now???
or it's better to wait for new 12hr momentoms and thier direction???(also wait till news realse)
You have missed the better half of the trade. If you enter now you are increasing your risk.
  • #536
  • Nov 15, 2007 3:42am Nov 15, 2007 3:42am
GEEZ!! I got out at 228.80!! WAY TO EARLY!

I just hate it when that happens
  • #537
  • Nov 15, 2007 3:47am Nov 15, 2007 3:47am
Quoting auslanco
book some profits at 227.20 area.
Very good exit, I was watching for a touch of 227.85 and hopefully a breach of 100 pip spike.

Price holds at 226.75 area Support 1 on my charts.

Finally released all of my E/J shorts I was holding for two days now, took a while for E/J to make it's move down, I still expect further movement, but like you, will sit out a while to see what goes here.

Was expecting the bottom to drop as soon as triple interest was paid out, the Bulls will pick up more on Long action as we near the lower portions of the range 224/225 areas.
  • #538
  • Nov 15, 2007 3:54am Nov 15, 2007 3:54am
Quoting monarch
Very good exit, I was watching for a touch of 227.85 and hopefully a breach of 100 pip spike.

Price holds at 226.75 area Support 1 on my charts.

Finally released all of my E/J shorts I was holding for two days now, took a while for E/J to make it's move down, I still expect further movement, but like you, will sit out a while to see what goes here.

Was expecting the bottom to drop as soon as triple interest was paid out, the Bulls will pick up more on Long action as we near the lower portions of the range 224/225 areas.

Hi bro.. yehh it was a daily 5sma level.. I expected a bigger bounce.. But looks like bears are too strong down to 224-225 area. I got my last lot left down to 224.70 area.
  • #539
  • Nov 15, 2007 4:00am Nov 15, 2007 4:00am
Quoting auslanco
Hi bro.. yehh it was a daily 5sma level.. I expected a bigger bounce.. But looks like bears are too strong down to 224-225 area. I got my last lot left down to 224.70 area.
I was expecting a drop to the 226.27 before any kind of decent retrace to gain bearish pressure, then downward to test the next level at 225.07.

We both know how the G/J likes to test it's bottoms/tops, so the 224/225 should be coming forth soon enough.
  • #540
  • Nov 15, 2007 4:08am Nov 15, 2007 4:08am
Looking at the weekly chart, the 226.62 area on 3/22/2007 and also the second test of this area at 226.66 on 8/12/2007 was the double bottom area from previous close/open candles.

This area should play out as a nice resistance once we stay below and head back to the 224/225 levels.

I expect ranging area from 226.50 down to the Low at 224.19.

We break the Low at 224.19 then we will once again test the 219/220 wick area on the Weekly Candle from August.
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