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Daily/Intraday Momentum Analysis

  • #721
  • Nov 19, 2007 5:38am Nov 19, 2007 5:38am
Quoting auslanco
New york session ,updated to the blog
Hi Aus...don't your post your insight with the charts anymore?...

your analysis is what i look out for...baby
  • #722
  • Nov 19, 2007 10:46am Nov 19, 2007 10:46am
Hi guys, talking about the daily momentum, at the start of the daily bar, if mom 1c and 10c face down and 14c faces up what does it also mean there would be a large retrace upward before it's final move southward.
A reply would be appreciated.
Thanks
  • #723
  • Nov 19, 2007 11:38am Nov 19, 2007 11:38am
Quoting my2buoys
Thanksgiving is Thursday. I don't know of any banks who shut down for the whole week in honor of Thanksgiving. Better check your news source.

M2B


http://www.forexfactory.com/news.php?do=news&id=56741

Thank you for correcting my understanding. Here in Canada
most holidays are taken on Monday, including Thanksgiving,
regardless of what day of the week it may fall. Obviously different
in the US.

Thanks again.


.
  • #724
  • Nov 19, 2007 2:52pm Nov 19, 2007 2:52pm
A daily candle just formed on my VT chart my 1c was bullish, while 10c and 14c are a little bearish to flat.
What set-up do we have for the day. Where is Aus please.
  • #725
  • Nov 19, 2007 5:32pm Nov 19, 2007 5:32pm
current 4hr bar
Attached Image
  • #726
  • Nov 19, 2007 5:36pm Nov 19, 2007 5:36pm
Daily, Possible reversal after London.
Attached Image (click to enlarge)
Click to Enlarge Name: gt51.jpg Size: 42 KB
  • #727
  • Nov 19, 2007 5:51pm Nov 19, 2007 5:51pm
Quoting winterwhite

http://www.forexfactory.com/news.php?do=news&id=56741

Thank you for correcting my understanding. Here in Canada
most holidays are taken on Monday, including Thanksgiving,
regardless of what day of the week it may fall. Obviously different
in the US.

Thanks again.


.

Most are Mondays, but Thanksgiving is always the 3rd Thursday of November. Obviously also Independence day / 4th of July is always on the 4th regardless of which day it falls on.
  • #728
  • Nov 19, 2007 7:28pm Nov 19, 2007 7:28pm

Daily GJ,
The bar opened below the 5sma Low. both 10C and 14C pointing down. But no support from 1C and most important StochRSI.. This will eliminate any free falls .

Attached Image (click to enlarge)
Click to Enlarge Name: fre34.jpg Size: 54 KB
  • #729
  • Nov 19, 2007 7:49pm Nov 19, 2007 7:49pm
Aus,

If momentum signifies the difference between current price and the price a certain number of candles ago, which candle close price are we comparing to current price when looking at the 1C momentum?

In case this helps, here’s an enlarged daily chart. The current daily is numbered 1, yesterday is 2, the day before that 3.
Attached Image
  • #730
  • Nov 19, 2007 8:08pm Nov 19, 2007 8:08pm
Quoting Pips_Cruiser
Aus,

If momentum signifies the difference between current price and the price a certain number of candles ago, which candle close price are we comparing to current price when looking at the 1C momentum?

In case this helps, here’s an enlarged daily chart. The current daily is numbered 1, yesterday is 2, the day before that 3.
The momentum 1C should just be comparing the current bar, to the previous bar (1 bar ago).

Bruce
  • #731
  • Nov 19, 2007 8:18pm Nov 19, 2007 8:18pm
Quoting Pips_Cruiser
Aus,

If momentum signifies the difference between current price and the price a certain number of candles ago, which candle close price are we comparing to current price when looking at the 1C momentum?

In case this helps, here’s an enlarged daily chart. The current daily is numbered 1, yesterday is 2, the day before that 3.
On the 1C we are comparing the previous candle vs the current bar.

This is my interpretation. If the previous bar close below the current 5sma (close) the new bar will be a bear bar providing that it has touched or start on 5sma close.
  • #732
  • Nov 19, 2007 9:29pm Nov 19, 2007 9:29pm
Quoting auslanco
On the 1C we are comparing the previous candle vs the current bar.

This is my interpretation. If the previous bar close below the current 5sma (close) the new bar will be a bear bar providing that it has touched or start on 5sma close.
Thanks. So in that case, the 1C is basically comparing the close price of the previous bar against the opening price of the new one, if it's checked immediately after the new one has formed. Hmm . . .
  • #733
  • Nov 19, 2007 10:22pm Nov 19, 2007 10:22pm
Quoting auslanco
Daily, Possible reversal after London.
Aus,
What do you think today's high would be?
  • #734
  • Nov 19, 2007 10:35pm Nov 19, 2007 10:35pm
Quoting brucehvn
I'm posting a new experimental indicator here for use with Aus's momentum strategy.
<snip>
First of all, we know that Aus relies heavily on what the momentum indicator is saying at the beginning of a new bar. The standard momentum formula is:

(Current Close Price) - (Close Price n periods ago)

where "n" is the setting you've applied (10, 14, or 1).

But by looking at the beginning of the bar, we actually could say that the formula Aus is using is:

(Current Open Price) - (Close Price n periods ago)

<snip>
Bruce
Yup . . . good job!

  • #735
  • Nov 19, 2007 11:57pm Nov 19, 2007 11:57pm
Quoting gau2902
Aus,
What do you think today's high would be?
227.70 is my Long target for today. This may go higher than that.. but I'm out for the day.. It's intresting to see where the candle would end today.. I'm expecting a large fall next week beyond 218.
  • #736
  • Nov 20, 2007 12:03am Nov 20, 2007 12:03am
Quoting auslanco
227.70 is my Long target for today. This may go higher than that.. but I'm out for the day.. It's intresting to see where the candle would end today.. I'm expecting a large fall next week beyond 218.
I believe your target is hit.
  • #737
  • Nov 20, 2007 12:04am Nov 20, 2007 12:04am
Possible weekly action
Attached Image
  • #738
  • Nov 20, 2007 12:35am Nov 20, 2007 12:35am
Quoting Poeo
A daily candle just formed on my VT chart my 1c was bullish, while 10c and 14c are a little bearish to flat.
What set-up do we have for the day. Where is Aus please.
Hi Aus,
I've been out since i placed long trade on my demo account. Based on the mom at the opening of the daily bar on VT, 1c pointing up, 10c down, 14c down and on 4hr mom down, i arrived at this conclusion that during tokyo session, price might retrace down to friday low and move up. My long trade hit 200pip target. I am still a novice, pls was my initial analysis good for placing later trades on my live account. I have only 0.1lot trade remaining on my account. any slightest mistake, i am out of forex, and this would be the fourth time.
Please i need your comment, MASTER AUSLANCO
  • #739
  • Nov 20, 2007 1:08am Nov 20, 2007 1:08am
Quoting auslanco
yeh.. bro until it reaches 2.0010 or 2.0610

are you going to add to your short position on gbp/usd after it got stopped out today?
  • #740
  • Nov 20, 2007 1:27am Nov 20, 2007 1:27am
Quoting Poeo
Hi Aus,
I've been out since i placed long trade on my demo account. Based on the mom at the opening of the daily bar on VT, 1c pointing up, 10c down, 14c down and on 4hr mom down, i arrived at this conclusion that during tokyo session, price might retrace down to friday low and move up. My long trade hit 200pip target. I am still a novice, pls was my initial analysis good for placing later trades on my live account. I have only 0.1lot trade remaining on my account. any slightest mistake, i am out of forex, and this would be the fourth time.
Please i need your comment, MASTER AUSLANCO
HI Poeo,


Yes you were right,

Also make sure to check the StochRSI indicator. It plays a major part as well.. From What I have seen so far , It's safe to take a trade when the 1C points the same direction as StochRSI.
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