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Daily/Intraday Momentum Analysis

  • #621
  • Nov 16, 2007 5:11am Nov 16, 2007 5:11am
Quoting auslanco
Looks like it's retesting the Lows.. New 1hr and 30min momentum are bearish.. But I'm out. It's Freaky Friday the 16th. I'm done for the week. See you guys next week. I haven't slept for 36hrs
Good night, very impressive analyses with mom for the past week
  • #622
  • Nov 16, 2007 5:13am Nov 16, 2007 5:13am
Quoting kayman
Bro,

How do see rest of the friday. If we can have your analysis.

Thanks

There will be a large reatracement or a reversal before 00.00GMT.

Momentum is very weak for the bears before before NY Start. Everyone is expecting something big to happen today(Nov 16th). Therefor go long, only if the price jumps above the daily London Pivot. Shorts dont have the support from Longer TF anymore. Better to stay away until you see any good developments.

I'll be back during the mid NY and do some analysis on DOW momentum.
  • #623
  • Nov 16, 2007 5:16am Nov 16, 2007 5:16am
Quoting auslanco
There will be a large reatracement or a reversal before 00.00GMT.

Momentum is very weak for the bears before before NY Start. Everyone is expecting something big to happen today(Nov 16th). Therefor go long, only if the price jumps above the daily London Pivot. Shorts dont have the support from Longer TF anymore. Better to stay away until you see any good developments.

I'll be back during the mid NY and do some analysis on DOW momentum.
Appreciate it bro.....see u soon
Success has a Thousand Fathers.
  • #624
  • Nov 16, 2007 5:18am Nov 16, 2007 5:18am
Quoting gene22
Good night, very impressive analyses with mom for the past week
thanks bro.. I 'm waiting for a tight ranging week to see how this works. So far so good..
  • #625
  • Nov 16, 2007 5:22am Nov 16, 2007 5:22am
Quoting auslanco
`oK. Gentlemen , I'm out. I dont like to stay on a trade without the momentum support.
Hi All,

Since Aus has gone to sleep maybe somone can help me understand this better.

He said that he doesn't like to stay in a trade without the momentum supportand has exited his shorts. But as far as I can see the daily momentum is still bearish in fact more bearish now than at the open of the daily candle (according to Brucehvn's new indicator great job thx!)


What am I not seeing here?

Thx
"Quitting while you are ahead is not the same as quitting".
  • #626
  • Nov 16, 2007 5:26am Nov 16, 2007 5:26am
Hi Aus,
Still there? There was a trade on 15mins strategy this morning for long and i traded it, it hit my stop loss, when i was placing the trade the momentum on the larger TF was bullish, what am i having problems with the strategy, I have been loosing for quite sometime trading 15m and 1hr/4hr.
Please help me out.
Thanks
  • #627
  • Nov 16, 2007 5:28am Nov 16, 2007 5:28am
Quoting Radarnett
Hi All,

Since Aus has gone to sleep maybe somone can help me understand this better.

He said that he doesn't like to stay in a trade without the momentum supportand has exited his shorts. But as far as I can see the daily momentum is still bearish in fact more bearish now than at the open of the daily candle (according to Brucehvn's new indicator great job thx!)


What am I not seeing here?

Thx
Due to fact that AUS have few MOM analysis
-Daily, Half day (12 hours), Session (8hours) and others as well

So maybe based on his analysis for the current hours, the MOM run out of steam. Furthermore, there is a strong support at 224.30 . That the reason why AUS mentioned possible reversal here.
  • #628
  • Nov 16, 2007 5:29am Nov 16, 2007 5:29am
Quoting Poeo
Hi Aus,
Still there? There was a trade on 15mins strategy this morning for long and i traded it, it hit my stop loss, when i was placing the trade the momentum on the larger TF was bullish, what am i having problems with the strategy, I have been loosing for quite sometime trading 15m and 1hr/4hr.
Please help me out.
Thanks
Hi Poeo,

There was no valid long 15min signal this morning since price has been and still is below the daily pivot for london @ 226.30.
"Quitting while you are ahead is not the same as quitting".
  • #629
  • Nov 16, 2007 5:32am Nov 16, 2007 5:32am
Quoting comeinvest
Due to fact that AUS have few MOM analysis
-Daily, Half day (12 hours), Session (8hours) and others as well

So maybe based on his analysis for the current hours, the MOM run out of steam. Furthermore, there is a strong support at 224.30 . That the reason why AUS mentioned possible reversal here.

Thanks Bro!
I did see the strong support at the weekly 100sma so I can understand taking profits there.

I guess my next question is....is anyone looking at the 8 & 12 hour Momentum readings? Are they now bullish maybe I need to get the 8 & 12 hour charts working to understand this better.
"Quitting while you are ahead is not the same as quitting".
  • #630
  • Nov 16, 2007 5:33am Nov 16, 2007 5:33am
Quoting Poeo
Hi Aus,
Still there? There was a trade on 15mins strategy this morning for long and i traded it, it hit my stop loss, when i was placing the trade the momentum on the larger TF was bullish, what am i having problems with the strategy, I have been loosing for quite sometime trading 15m and 1hr/4hr.
Please help me out.
Thanks
Long trade??? The last long trade on the 15min strategy was on the 02nd of Nov. That was the last time we got a long signal when the price was above 1hr 100sma.
  • #631
  • Nov 16, 2007 5:40am Nov 16, 2007 5:40am
Quoting Radarnett
Hi Poeo,

There was no valid long 15min signal this morning since price has been and still is below the daily pivot for london @ 226.30.

Do i have to wait for the opening of a new seesion before placing a trade when i have a trade call. I'll apprecaite more of your replies please, i want to learn, i have been loosing. I want to be a wiiner in the world of Forex trading.
  • #632
  • Nov 16, 2007 5:42am Nov 16, 2007 5:42am
looks like divergence on the macd
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 19 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #633
  • Nov 16, 2007 5:43am Nov 16, 2007 5:43am
Quoting auslanco
Long trade??? The last long trade on the 15min strategy was on the 02nd of Nov. That was the last time we got a long signal when the price was above 1hr 100sma.
LOL, i thought u already have ur wonderful dream .......
  • #634
  • Nov 16, 2007 5:45am Nov 16, 2007 5:45am
Quoting Radarnett
Thanks Bro!
I did see the strong support at the weekly 100sma so I can understand taking profits there.

I guess my next question is....is anyone looking at the 8 & 12 hour Momentum readings? Are they now bullish maybe I need to get the 8 & 12 hour charts working to understand this better.

If you check the post #570, I have given an explanation why I wasnt comfortable going short today. This short trade was based on the 12hr and 4hr charts. I dint get a good bearish momentum on the new 4hr MT4 bar at 10GMT. Thats why I got out of the trade since 12hr was bullish. Also the weekly was super bullish at the start of the weekly candle. Today is the last day of the super bullish weekly candle . not safe.
  • #635
  • Nov 16, 2007 5:48am Nov 16, 2007 5:48am
Quoting Poeo
Do i have to wait for the opening of a new seesion before placing a trade when i have a trade call. I'll apprecaite more of your replies please, i want to learn, i have been loosing. I want to be a wiiner in the world of Forex trading.

yes.. Never take a signal on the US close-TOKYO open gap.
  • #636
  • Nov 16, 2007 5:58am Nov 16, 2007 5:58am
aus or anyone,

do you know when the new mom's update on the 8 and 12 hr on mt4 (est time)

thx
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #637
  • Nov 16, 2007 6:06am Nov 16, 2007 6:06am
Quoting auslanco
yes.. Never take a signal on the US close-TOKYO open gap.
Thanks Aus
This is the firsr time i had a reply from you, i am highly thankful and indeed happy for your comment.
Please check this. I am in Nigeria, our time currently is 11:04GMT, that 12.04pm Nigerian time, i started with your former thread on 1hr/4hr strat.
My VT chart timing is confusing, how do i set the timing to correspond with our timing.
Again the tradr i placed was around 6.10GMT. Calculating the pivot for all new seesions, how do i do that.
Thanks.
  • #638
  • Nov 16, 2007 6:12am Nov 16, 2007 6:12am
Quoting moneymagnet
aus or anyone,

do you know when the new mom's update on the 8 and 12 hr on mt4 (est time)

thx
New 12hr all pointing up,

6HR and 4hr mixed but the candle has jumped inside the 5sma Channal

Looks bullish bias choppy session.
Attached Image (click to enlarge)
Click to Enlarge Name: fr43.jpg Size: 157 KB
  • #639
  • Nov 16, 2007 6:16am Nov 16, 2007 6:16am
Quoting auslanco
If you check the post #570, I have given an explanation why I wasnt comfortable going short today. This short trade was based on the 12hr and 4hr charts. I dint get a good bearish momentum on the new 4hr MT4 bar at 10GMT. Thats why I got out of the trade since 12hr was bullish. Also the weekly was super bullish at the start of the weekly candle. Today is the last day of the super bullish weekly candle . not safe.
Thx Aus!
Checked it out makes sense now this is a continual learning process.Woul you say it is essential to have the 8 & 12 charts to correctly use the momentum indicator?
"Quitting while you are ahead is not the same as quitting".
  • #640
  • Nov 16, 2007 6:18am Nov 16, 2007 6:18am
Quoting auslanco
New 12hr all pointing up,

6HR and 4hr mixed but the candle has jumped inside the 5sma Channal

Looks bearish bias choppy session.
I tot u were going to sleep...Baby.......

u know u love it...just love it....can't get away can ya....LOL
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