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Daily/Intraday Momentum Analysis

  • #1,041
  • Nov 26, 2007 1:20am Nov 26, 2007 1:20am
Quoting winterwhite
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
This usually means a 1hr bar has to close above that level before close of the daily bar.
  • #1,042
  • Nov 26, 2007 1:31am Nov 26, 2007 1:31am
Quoting bluesbrother
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.
I'm still testing that. Lets see how it develops.
  • #1,043
  • Nov 26, 2007 1:37am Nov 26, 2007 1:37am
Quoting auslanco
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
Aus, based on what i have learnt from you so far, we can't be sure of anything nt even a reversal unless our charts tells us.
New 15 min bar just formed below 50sma and 34ema.But still going up. Waiting for a 1hr bar to form below London pivot when we get to London session. and also 1hr bar forming below Gann and some QQe crossings.
Aus, how about Mom on 8hr and 12hr?
  • #1,044
  • Nov 26, 2007 1:59am Nov 26, 2007 1:59am
Quoting auslanco
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
auslanco, i think u mean 224.45?
  • #1,045
  • Nov 26, 2007 2:05am Nov 26, 2007 2:05am
Aus bro, jst wondering. i once saw an MT4 chart posted on this thread having 8hr and 12 hr charts. Are there any platforms providing such charts for free. Or should we just depend on the ones you post.

Also you earlier said one should be careful off the rare break out days where price may not retrace to 5sma close. now i'm was thinking;

i am thinking that on such days mom 1c, 10c nd/or 14c should b pointing in the same direction and maybe the candle opens way above 5sma high or way below 5sma then retrace should first target the 5sma high and low(instead of 5sma close)
  • #1,046
  • Edited 2:19am Nov 26, 2007 2:09am | Edited 2:19am
Only karmos qqe patience indicator can save traders from days like this. Aus's 1hr/4hr strategy seems to be setting up. this should confirm longs above 224.50. My daily pivot now 233.87
  • #1,047
  • Nov 26, 2007 2:34am Nov 26, 2007 2:34am
Quoting Adwa
auslanco, i think u mean 224.45?
224.40+ spread 10 pips
  • #1,048
  • Nov 26, 2007 2:35am Nov 26, 2007 2:35am
Quoting ephisi
Aus bro, jst wondering. i once saw an MT4 chart posted on this thread having 8hr and 12 hr charts. Are there any platforms providing such charts for free. Or should we just depend on the ones you post.

Also you earlier said one should be careful off the rare break out days where price may not retrace to 5sma close. now i'm was thinking;

i am thinking that on such days mom 1c, 10c nd/or 14c should b pointing in the same direction and maybe the candle opens way above 5sma high or way below 5sma then retrace should first target the 5sma high and low(instead of 5sma close)

No. that was visual charts 8hr and 12hr. Not MT4
  • #1,049
  • Nov 26, 2007 2:37am Nov 26, 2007 2:37am
alrighty, i assume u already went long, I expect it to reach 225, 5 sma high on the daily periodicity.
  • #1,050
  • Nov 26, 2007 3:18am Nov 26, 2007 3:18am
Quoting auslanco
No. that was visual charts 8hr and 12hr. Not MT4
MT4 can be made to produce 2,4,8 and 12 hr charts. Details in this thread (or maybe other Aus thread) you need period_converter_opt and the instructions that go with it.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,051
  • Nov 26, 2007 3:34am Nov 26, 2007 3:34am
Quoting revoli
MT4 can be made to produce 2,4,8 and 12 hr charts. Details in this thread (or maybe other Aus thread) you need period_converter_opt and the instructions that go with it.


Revoli,
pls wats d fastest way to search for this. ill appreciate it thanks.or can you post it here if you have it. thanks bro
  • #1,052
  • Nov 26, 2007 3:48am Nov 26, 2007 3:48am
Quoting ephisi

Revoli,
pls wats d fastest way to search for this. ill appreciate it thanks.or can you post it here if you have it. thanks bro
Search the forums for the file would seem sensible. However in the spirit of being helpful:

http://www.forexfactory.com/showpost...2&postcount=12

More instructions here:
http://www.forexfactory.com/attachme...3&d=1194432629

I had some trouble getting mine to work as instructions not great but basically place the converter on a one hour chart, and open an offline chart for the 2 hour timeframe. Hopefully I have attached the file I use to this
Attached File(s)
File Type: ex4 period_converter_opt.ex4   10 KB | 280 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,053
  • Nov 26, 2007 3:49am Nov 26, 2007 3:49am
Quoting ephisi

Revoli,
pls wats d fastest way to search for this. ill appreciate it thanks.or can you post it here if you have it. thanks bro
Go to Aus's newstrade thread, click on the attachments tab at the top right hand corner, search for period_converter, download it and save it to your indicators folder, there is a guide as well to show you how to use it.
Regards
  • #1,054
  • Nov 26, 2007 4:00am Nov 26, 2007 4:00am
hi ephisi
i mailed that indicator for u yesterday.
check ur mail
  • #1,055
  • Nov 26, 2007 4:17am Nov 26, 2007 4:17am
Quoting shahroodi
hi ephisi
i mailed that indicator for u yesterday.
check ur mail

Hi Shahroodi...

Highly appreciate if you could send me the indicator too..
mdmusyriff_yahoo.uk.co
  • #1,056
  • Nov 26, 2007 4:20am Nov 26, 2007 4:20am
Big Thanks , Sharoodi,revoli and to howard. Wats forex trading without forex friends like ya all on forexfactory.appreciate it.
  • #1,057
  • Nov 26, 2007 4:24am Nov 26, 2007 4:24am
Quoting revoli
Search the forums for the file would seem sensible. However in the spirit of being helpful:
I had some trouble getting mine to work as instructions not great but basically place the converter on a one hour chart, and open an offline chart for the 2 hour timeframe. Hopefully I have attached the file I use to this
Thanks bro,i had already found it on my own,i aint so lazy.Appreciate ur support
  • #1,058
  • Nov 26, 2007 4:45am Nov 26, 2007 4:45am
Hi shahroodi

do you have any position now?
  • #1,059
  • Nov 26, 2007 4:58am Nov 26, 2007 4:58am
Quoting monarch
These are the EMA's I have and the Gap with AUSLANCO Short area.

89 EMA price held under temporarily?

200 EMA next test area, and Gap will fill complete.


Ken
Monarch - reading back through this thread you are using 89 ema - what's the logic?
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,060
  • Nov 26, 2007 6:42am Nov 26, 2007 6:42am
The price is struggling to hold above the daily 5sma. . I exit my longs. I'll be out of the market until Tokyo open. smaller TF are slowly turning bearish.
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