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Daily/Intraday Momentum Analysis

  • #1,021
  • Nov 25, 2007 7:12pm Nov 25, 2007 7:12pm
Thanks, We dont have thanks giving here. Instead, we just throw shrimps in the barbies every week end

mmmmmmmmmmmm, Shrimp. Thats thanksgiving every weekend!
Thanks Bro

John
  • #1,022
  • Nov 25, 2007 7:18pm Nov 25, 2007 7:18pm
Quoting auslanco
I use FXDD MT4 and VT(CMS) for charting only.

Thanks for your great method and your help

regards Tawfik Sidki
  • #1,023
  • Nov 25, 2007 7:37pm Nov 25, 2007 7:37pm
Quoting auslanco
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 .
If you were not the first to use it, many of us here are grateful that you have taught US about the 5 sma. We owe you that.

EG
  • #1,024
  • Nov 25, 2007 9:00pm Nov 25, 2007 9:00pm
1hr Falling wedge is still intact
Attached Image (click to enlarge)
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  • #1,025
  • Nov 25, 2007 9:01pm Nov 25, 2007 9:01pm
(jp) China To Invest Forex Reserves In Japanese Stocks - Nikkei
  • #1,026
  • Nov 25, 2007 9:19pm Nov 25, 2007 9:19pm
Aus,
thought my dream for taking a short during London session is no more. It is from now. Looking at the charts closely for a good signal from 1hr qqe 5 cross and a bar to form below 15min 34ema and 50sma.
What do you see about that Aus?
The News implies massive buying on the japanese yen i guess.
  • #1,027
  • Nov 25, 2007 9:28pm Nov 25, 2007 9:28pm
Quoting Poeo
Aus,
thought my dream for taking a short during London session is no more. It is from now. Looking at the charts closely for a good signal from 1hr qqe 5 cross and a bar to form below 15min 34ema and 50sma.
What do you see about that Aus?
The News implies massive buying on the japanese yen i guess.
I'm going short on the 15min strategy signal.. without waiting for the 1hr QQE5.
  • #1,028
  • Edited 11:26pm Nov 25, 2007 10:16pm | Edited 11:26pm
Quoting auslanco
If a 1hr bar forms above the daily 5sma (close) then the uptrend will continue. Other wise it will reverse.

auslanco:

Does this mean that an entire one hour candle would need to form above the daily 5sma close anytime within the next 24 hours to signal a reversal? I am confused over "a one hour bar". Or Does this mean the first 1 hour bar/candle after the close of the daily candle? For instance, the first one hour candle after the close of the daily candle was completely under the 5sma daily close. If that is so, than it would appear that we are to expect a reversal.

Thanks
  • #1,029
  • Nov 25, 2007 10:20pm Nov 25, 2007 10:20pm
AUS these pivots are correct ?

Daily 223.13

4 hr 223.96

1hr 223.58


http://www.actionforex.com/forex_ana..._200603215764/

Thanks
  • #1,030
  • Nov 25, 2007 10:43pm Nov 25, 2007 10:43pm
China's Cic Says That No Decision Has Been Made Yet To Invest In Japan Or Any Other Market
  • #1,031
  • Nov 25, 2007 11:26pm Nov 25, 2007 11:26pm
A note or two about the Action Forex daily pivots:

1) They are correct for a 17:00 (5PM) EST daily pivot, which is exactly how they describe them.

2) But they aren't adjusted for trading sessions, so they wouldn't qualify as correct for Aus's 15min strategy. The starting time for the Asian should be 19, London 3, and NY 8. Action Forex misses the mark for all sessions by using a constant 17.
  • #1,032
  • Nov 25, 2007 11:42pm Nov 25, 2007 11:42pm
Quoting Pips_Cruiser
A note or two about the Action Forex daily pivots:

1) They are correct for a 17:00 (5PM) EST daily pivot, which is exactly how they describe them.

2) But they aren't adjusted for trading sessions, so they wouldn't qualify as correct for Aus's 15min strategy. The starting time for the Asian should be 19, London 3, and NY 8. Action Forex misses the mark for all sessions by using a constant 17.

Hello, morning all.

pip_cruiser, i thought its 4 for london session or is it because of this period
time changes thats why it went bak to 3?
The pips is trending for you to catch, just catch it wisely.....
  • #1,033
  • Nov 25, 2007 11:51pm Nov 25, 2007 11:51pm
Quoting olacurrency
Hello, morning all.

pip_cruiser, i thought its 4 for london session or is it because of this period
time changes thats why it went bak to 3?
If London session starts at 03:00 EST, 3 is used. I'm pretty sure it does, and that the change should be made at 08:00 GMT (a couple hours from now). The docs are correct.
  • #1,034
  • Nov 26, 2007 12:16am Nov 26, 2007 12:16am
Quoting olacurrency
Hello, morning all.

pip_cruiser, i thought its 4 for london session or is it because of this period
time changes thats why it went bak to 3?
Both London and NY are on standard time right now. Using VT Trader, you can also use a starting time of 3 when both London and NY are on daylight savings time. That's because VT Trader times actually switch to EDT (Eastern Daylight Savings Time), and everything stays in sync. I'm unsure about MT4 requirements.

When it gets very tough to figure out is when either NY or London is on daylight savings, but the other isn't. About a month ago this happened for a week, and the correct setting for London session then was 4.

http://www.forexfactory.com/showpost...&postcount=315

Next spring I'll probably have to figure it out again, unless both NY and London switch to daylight savings at the same time. Not looking forward to it, because it's a mind bender.

  • #1,035
  • Nov 26, 2007 12:19am Nov 26, 2007 12:19am
Just woke up to see GJ behave. To me, based on what i have seen so far about the movement of GJ, even when it is sure that there would be a reversal, i would certainly wait for the period where price would go in that direction without looking back at all.
Aus, i hope you did not place the short you said, and if you did, you had a large SL.
Price would still reverse but when all charts that we follow has not given a good signal, price would spike anyhow in any direction till it gets to the level where it would nt look back again. Hope i am right.
Need an insight on this from Aus and other great traders on the thread.
  • #1,036
  • Nov 26, 2007 1:01am Nov 26, 2007 1:01am
Guys, is this the London Pivot
222.68.
  • #1,037
  • Nov 26, 2007 1:07am Nov 26, 2007 1:07am
Karmo miss you
  • #1,038
  • Nov 26, 2007 1:09am Nov 26, 2007 1:09am
Quoting auslanco
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.
Hi Aus,

I have been using the daily pivot and 100SMA (15 min TF) to minimize fake calls using your 15 min system. Just wondering if I can replace them with the Daily 5SMA?

Cheers bro.
  • #1,039
  • Nov 26, 2007 1:16am Nov 26, 2007 1:16am
Quoting Poeo
Just woke up to see GJ behave. To me, based on what i have seen so far about the movement of GJ, even when it is sure that there would be a reversal, i would certainly wait for the period where price would go in that direction without looking back at all.
Aus, i hope you did not place the short you said, and if you did, you had a large SL.
Price would still reverse but when all charts that we follow has not given a good signal, price would spike anyhow in any direction till it gets to the level where it would nt look back again. Hope i am right.
Need an insight on this from Aus and other great traders on the thread.
How can you be so sure about a reversal? The price couldnt establish below the Tokyo Pivot.


I currently have no open positions.

I may go short if the price breaks London Pivot or long if it breaks 224.50
  • #1,040
  • Nov 26, 2007 1:17am Nov 26, 2007 1:17am
Quoting Poeo
Guys, is this the London Pivot
222.68.
222.84 on MT4
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
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