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Daily/Intraday Momentum Analysis

  • #1,001
  • Nov 24, 2007 9:01am Nov 24, 2007 9:01am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Hi Aus !

Thanks for your valuable guidence.
I got many PMs; as to how I follow your strategy.

Here is my answer :

No deviation of strategy rules whatsoever; I am strictly following 15min and 1/4 hr strategy with all pairs. If I have to wait for a setup and I am waiting, or no trades. For all other pairs my TP and SL is different than GJ almost 50% less than GJ. And TP is depends on individual trading style, how many pips we want to make in one day.

Believe and strictly follow the rules. When ever (in case) if required take and love the lossess. Build and strictly follow money management rules.

Many thanks to my mentor Aus and Karmo.
All things are difficult before they are easy.
  • #1,002
  • Nov 25, 2007 4:37pm Nov 25, 2007 4:37pm
My VT daily setup: 1c pointing up but not too sharp and a little bit above 0, 14c up, 10c up, stochRSI pointing up, my 4hr MOm: 1c pointing up above 0, 14c pointing down, 10c pointing up. StochRSi up, Price above pivot. I presume today would be bullish.
My analysis is open to comments from everyone, i'm still a novice.
I'm Long at 223.60 TP 224.50 very close to daily sma high.
  • #1,003
  • Nov 25, 2007 4:38pm Nov 25, 2007 4:38pm
Good morning.

Above 225.24 is 225.80(daily 5sma High) and 227.70
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  • #1,004
  • Nov 25, 2007 4:52pm Nov 25, 2007 4:52pm
Hi Aus, Good Morning,
Daily 5sma Close on MT4 is 223.55, I stand to be corrected by MT4 users if it is not correct.
What is your view about the daily Mom? 1c, 10c, 14c and the Stoch and the 4hr with your 8hr and 12hr
  • #1,005
  • Nov 25, 2007 4:57pm Nov 25, 2007 4:57pm
Quoting Poeo
Hi Aus, Good Morning,
Daily 5sma Close on MT4 is 223.55, I stand to be corrected by MT4 users if it is not correct.
What is your view about the daily Mom? 1c, 10c, 14c and the Stoch and the 4hr with your 8hr and 12hr

start of the bar it was at 224.25.. Thats the safest target . Every time make a note of the Daily 5sma(close) level at the very start of the bar.
  • #1,006
  • Nov 25, 2007 5:03pm Nov 25, 2007 5:03pm
Quoting auslanco
start of the bar it was at 224.25.. Thats the safest target . Every time make a note of the Daily 5sma(close) level at the very start of the bar.
I'm expecting G/J to touch that and fall back to 220 one more time... possibly hitting 119.XX this time around
  • #1,007
  • Nov 25, 2007 5:06pm Nov 25, 2007 5:06pm
Daily MoM,

Mixed..

If it breaks the Daily 5sma close It could reach 225.91. To the downside, a bounce back from the Daily 5sma (close) will re-charge the bears below the Friday's Low.
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  • #1,008
  • Nov 25, 2007 5:08pm Nov 25, 2007 5:08pm
Quoting MoForce
I'm expecting G/J to touch that and fall back to 220 one more time... possibly hitting 119.XX this time around
Highly possible.
  • #1,009
  • Nov 25, 2007 5:15pm Nov 25, 2007 5:15pm
224.23/227.75 is the High for this week. I'm expecting a large fall this week.
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  • #1,010
  • Nov 25, 2007 5:39pm Nov 25, 2007 5:39pm
Aus Good Morning bro. Finished the thread and started reading the second time today. Now i"ll understand every terminology of this system.

I remember u saying somthing like the daily5sma close is the true market price of any pair, and that price shoud retrace to the 5lose before mom 1c shows its true direction.
Now i saw on ur daily charts for 2day on all candles that price actualyy moved to 5sma close before continued its new move or resume its prior trend.i was stupefied by dis.

Aus is dis conclusion right most of the time. ï'm already checkn it out on my charts. would appreciate ur reply.thanks
  • #1,011
  • Nov 25, 2007 5:55pm Nov 25, 2007 5:55pm
Quoting auslanco
Highly possible.
and it looks like the fall might happen right about now...
  • #1,012
  • Nov 25, 2007 5:55pm Nov 25, 2007 5:55pm
Aus,
Closed my Long at 224.32, close to 1hr 100sma for +72pips. DO you think the price would still reach daily 5sma high or the bounce back has already started?
  • #1,013
  • Nov 25, 2007 5:57pm Nov 25, 2007 5:57pm
Quoting Poeo
Aus,
Closed my Long at 224.32, close to 1hr 100sma for +72pips. DO you think the price would still reach daily 5sma high or the bounce back has already started?

If a 1hr bar forms above the daily 5sma (close) then the uptrend will continue. Other wise it will reverse.
  • #1,014
  • Nov 25, 2007 6:00pm Nov 25, 2007 6:00pm
Quoting ephisi
Aus Good Morning bro. Finished the thread and started reading the second time today. Now i"ll understand every terminology of this system.

I remember u saying somthing like the daily5sma close is the true market price of any pair, and that price shoud retrace to the 5lose before mom 1c shows its true direction.
Now i saw on ur daily charts for 2day on all candles that price actualyy moved to 5sma close before continued its new move or resume its prior trend.i was stupefied by dis.

Aus is dis conclusion right most of the time. ï'm already checkn it out on my charts. would appreciate ur reply.thanks

Thats correct.. 5sma(close) of each TF is the true price of that particular TF. Out of them all daily 5sma (close) is the magnet during a slow moving days. How ever you must be careful during the rare break-out days(on Daily) when the price may not retrace to daily 5sma before a continuation.
  • #1,015
  • Nov 25, 2007 6:12pm Nov 25, 2007 6:12pm
Aus,
Your analysis: GREAT.
You are a rare gem in the world of Forex. Wish you a longer life and more green pips in your portfolio as you keep assisting newbies understand, and be more confident in placing trades. and doing some little analysis on our own.
Many thanks Bro. Keep it up. Your reward for this would blow you off your feet when it comes.
Price formed below 5sma close at 224.22 on 1hr . I'll watchout for a short signal during the next 4hr bar. Hope that is right?
  • #1,016
  • Nov 25, 2007 6:25pm Nov 25, 2007 6:25pm
Thanks Aus,pls dont blame those who call u master aus,cos i realy do feel like calling you that from now.

As we've seen price touched 5sma close and is attemting to continue its prior bear trend, jst as i observed earlier.
i
i'm short and have moved my stop loss to B/E. Thanks aus ure systems are perfect.
  • #1,017
  • Nov 25, 2007 6:42pm Nov 25, 2007 6:42pm
Hi Aus,

First just wanted to say thanks for all your teaching so far and I hope you had a good thanks giving, you deserve it. One Q I have is, I have noticed several times that the 100 sma on the 1H TF is in the same place as the 5sma on the daily. Is that true? or does it just happen that way sometimes.

Thanks aus,

John
  • #1,018
  • Nov 25, 2007 6:46pm Nov 25, 2007 6:46pm
Hi Auslanco,

My signals is deferant than yours please advice the MT4 signale provider you use to be able to follow your analysis.


regards Tawfik Sidki.
  • #1,019
  • Nov 25, 2007 7:06pm Nov 25, 2007 7:06pm
Quoting fxstman
Hi Aus,

First just wanted to say thanks for all your teaching so far and I hope you had a good thanks giving, you deserve it. One Q I have is, I have noticed several times that the 100 sma on the 1H TF is in the same place as the 5sma on the daily. Is that true? or does it just happen that way sometimes.

Thanks aus,

John
Thanks, We dont have thanks giving here. Instead, we just throw shrimps on the barbies every week end

1hr 100sma is close to the daily 5sma most of the time. But trading on daily 5sma is much safer and accurate. I read an article written by Jeremy Seattle of FXCM. I was amazed to learn that he uses the daily 5sma (close) as the daily pivot. I thought I was the one who introduced the 5sma to the forex world . In other words the price above the daily 5sma is intraday bull and below is intraday bear market.
  • #1,020
  • Nov 25, 2007 7:06pm Nov 25, 2007 7:06pm
Quoting tsidki
Hi Auslanco,

My signals is deferant than yours please advice the MT4 signale provider you use to be able to follow your analysis.


regards Tawfik Sidki.
I use FXDD MT4 and VT(CMS) for charting only.
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