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Daily/Intraday Momentum Analysis

  • #881
  • Nov 21, 2007 10:12pm Nov 21, 2007 10:12pm
Quoting Piters
where in Sydney bro, I am in Dolls Point
Im out at Blacktown, westyville!!
  • #882
  • Nov 21, 2007 10:13pm Nov 21, 2007 10:13pm
These are the Long TP levels.. Be cautious since we are still on a bearish trend and the market could turn at any of these levels.
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  • #883
  • Nov 21, 2007 10:44pm Nov 21, 2007 10:44pm
Hi Aus. I have 2 questions if you could have time to answer:
1- How to interpret conflicting OB/Os lreadings from qqe and the stochastic rsi? 15qqe is ob now while 15/30 stoch is os?

2-If a daily bar that looked bearish at the beginning turned bullish later due to price action and bullishness on smaller TFs what reading to rely on?

Thanks alot and happy Thanks Giving
  • #884
  • Nov 21, 2007 10:46pm Nov 21, 2007 10:46pm
Just to add to Pitiers & BB where is?
Im just north of Sydney on Central coast
  • #885
  • Nov 21, 2007 10:58pm Nov 21, 2007 10:58pm
aus,

are u looking for a bounce here?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #886
  • Nov 21, 2007 10:59pm Nov 21, 2007 10:59pm
Quoting auslanco
Yes you can.. However check the 15min QQE% for overbought levels. If it on the OB level.. you will have to wait for it to cross down and cross back up again.
Morning Aus. Really enjoying reading your analysis. Notice you are looking at QQE for overbought/sold quite a bit (QQE5 in above case). I am tempted to draw lines on my indicator to remind me. >60 and <40 seems about right looking at historical data - what do you think.

I also did some back testing on about 15 min strat (bit off topic here) and built results so I could look at effect of different rules on trading times. The critical hours seemd to be between 07:00GMT and 12:00GMT. Outside that the improvements in performance of the system were marginal. Going up until 15:00GMT was certainly good, beyond that higher risk/lower no. of winners. Came out at 1000 pips per month (ish) 68% winners. Statistically my sample base not big enough to survive scrutiny but thought I would share that with you anyway.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #887
  • Nov 21, 2007 11:06pm Nov 21, 2007 11:06pm
Quoting slippery
Just to add to Pitiers & BB where is?
Im just north of Sydney on Central coast
.

Aus your predictions were right. MY 5smaclose was at 225.73,jst 8pips away from my the candle top. just read 4pages of these thread and im begining to get ur rules.Tahnks for carrying us along.

PS; A 15min strategy trade is setting up. 100sma support. Ihr qqe trying to cross 50 line. Aus what do you thing
  • #888
  • Nov 21, 2007 11:24pm Nov 21, 2007 11:24pm
Quoting moneymagnet
aus,

are u looking for a bounce here?
I'm expecting a bounce from Tokyo pivot.. Indicators were on OB levels and the price had to drop down for them to come off the OB levels. My longs are still active and SL is at 224 below the pivot. I have some lots to go all the way upto 227 if it doesn't hit my SL first of cause
  • #889
  • Nov 21, 2007 11:27pm Nov 21, 2007 11:27pm
Quoting revoli
Morning Aus. Really enjoying reading your analysis. Notice you are looking at QQE for overbought/sold quite a bit (QQE5 in above case). I am tempted to draw lines on my indicator to remind me. >60 and <40 seems about right looking at historical data - what do you think.

I also did some back testing on about 15 min strat (bit off topic here) and built results so I could look at effect of different rules on trading times. The critical hours seemd to be between 07:00GMT and 12:00GMT. Outside that the improvements in performance of the system were marginal. Going up until 15:00GMT was certainly good, beyond that higher risk/lower no. of winners. Came out at 1000 pips per month (ish) 68% winners. Statistically my sample base not big enough to survive scrutiny but thought I would share that with you anyway.

Great insight to the system mate. Thanks.

I prefer the QQE 70,30 on 30min and 1hr to determine the OB/OS levels.
  • #890
  • Nov 21, 2007 11:29pm Nov 21, 2007 11:29pm
Quoting ephisi
.

Aus your predictions were right. MY 5smaclose was at 225.73,jst 8pips away from my the candle top. just read 4pages of these thread and im begining to get ur rules.Tahnks for carrying us along.

PS; A 15min strategy trade is setting up. 100sma support. Ihr qqe trying to cross 50 line. Aus what do you thing

Daily 5sma was at 225.60 at the start of the bar..
Yes, 15min short signal if a 1hr bar forms below the Tokyo Pivot at 224.20
  • #891
  • Nov 21, 2007 11:31pm Nov 21, 2007 11:31pm
Quoting auslanco
I'm expecting a bounce from Tokyo pivot.. Indicators were on OB levels and the price had to drop down for them to come off the OB levels. My longs are still active and SL is at 224 below the pivot. I have some lots to go all the way upto 227 if it doesn't hit my SL first of cause
yeah , my stop is just below 224, wanted to allow for any spikes but mine are not looking good. may have to catch ride down to make up for it
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #892
  • Nov 21, 2007 11:46pm Nov 21, 2007 11:46pm
Guys,

Another nice tool

Take your GBPJPY anywhere with you.

realtime quotes for mobile ph. www.gbpjpy.mobi

  • #893
  • Nov 22, 2007 12:31am Nov 22, 2007 12:31am
Quoting Tiger Hunter
in my chart the one hrQQE crossed the 50 line

so.. is that your guaranteed 200pips tiger??
  • #894
  • Nov 22, 2007 12:39am Nov 22, 2007 12:39am
can you post the 1 hr chart please
  • #895
  • Nov 22, 2007 12:40am Nov 22, 2007 12:40am
mannnnn all what i said that my i hrQQE passed my 50 line i am still so noob.....lol
  • #896
  • Nov 22, 2007 12:44am Nov 22, 2007 12:44am
Quoting juliekhan
can you post the 1 hr chart please
my 1 hr chart
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  • #897
  • Nov 22, 2007 12:52am Nov 22, 2007 12:52am
Quoting Tiger Hunter
my 1 hr chart
Thanks
  • #898
  • Nov 22, 2007 1:17am Nov 22, 2007 1:17am
the 224.20 it is the daily pivot and the end of the shi channel it be hard to bnrak but if it break we will see a bear rally what you think Aus?
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  • #899
  • Nov 22, 2007 1:47am Nov 22, 2007 1:47am
Quoting fer
lol-- this pair is going to go south
Well that was 90 pips for me till 224
i still see further downside unless we break 225 again.

never put stops at whole numbers. they will be taken out on most occasions
  • #900
  • Nov 22, 2007 2:02am Nov 22, 2007 2:02am
closed my Longs..
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