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Daily/Intraday Momentum Analysis

  • #1,181
  • Nov 27, 2007 9:22pm Nov 27, 2007 9:22pm
Quoting olacurrency
are sure your chart is updating, cos i am seeing what aus printed.
My charts seem to be updating. I am using Interbank Fx's feed. Could that be the difference?
  • #1,182
  • Nov 28, 2007 12:24am Nov 28, 2007 12:24am
Quoting phaerko
My charts seem to be updating. I am using Interbank Fx's feed. Could that be the difference?
Your broker has a different GMT offset.

Have a look here:

http://www.freeforextradingstrategy....ngeover-times/

This is about the daily candle but 4hr candle opens are also different between MT4 brokers. If you want to replicate Auslanco's setup get a FXDD demo account.
  • #1,183
  • Nov 28, 2007 12:58am Nov 28, 2007 12:58am
Quoting Kane Rai
Your broker has a different GMT offset.

Have a look here:

http://www.freeforextradingstrategy....ngeover-times/

This is about the daily candle but 4hr candle opens are also different between MT4 brokers. If you want to replicate Auslanco's setup get a FXDD demo account.
Now that's a useful post. I would love to be able to see same charts as Aus is using as my MT4 is clearly on different time and trying to analyse the strategy in this thread working on different charts is at best challenging

Aus:- what time does your daily change and what is the package you are using for the charts you post

Kane: - your suggest of opening a demo account, are they running MT4?

Thx
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,184
  • Nov 28, 2007 2:57am Nov 28, 2007 2:57am
Good retracement call AUS, u make it so easy to trade gy
  • #1,185
  • Nov 28, 2007 3:10am Nov 28, 2007 3:10am
I cant upload charts on to the thread for some reason. I have uploaded it to the blog about two hours ago.
  • #1,186
  • Edited 3:22am Nov 28, 2007 3:12am | Edited 3:22am
Quoting ephisi
Good retracement call AUS, u make it so easy to trade gy
Has anyone taken the 15 trade? I am trying to reconcile what I am learning about this Momentum strat and what I already know about the 15 min strat..

Forgive me if this is not an appropriate question for this thread.
"Quitting while you are ahead is not the same as quitting".
  • #1,187
  • Nov 28, 2007 3:25am Nov 28, 2007 3:25am
Quoting Radarnett
Has anyone taken the 15 trade?
Forgive me if this is not an appropriate question for this thread.
yes, and closed just at 4hr sma high. few pips below daily 5sma high. Aus from this trade, i tot id rather close at 4hr 5sma since d move was spotted on d 4hr chart. price didnt touch my daily 5sma high.
  • #1,188
  • Nov 28, 2007 3:26am Nov 28, 2007 3:26am
Quoting Radarnett
Has anyone taken the 15 trade? I am trying to reconcile what I am learning about this Momentum strat and what I already know about the 15 min strat..

Forgive me if this is not an appropriate question for this thread.
I was building my longs on the previous dip.. But yes , the 15min Long trade is on.
  • #1,189
  • Nov 28, 2007 3:28am Nov 28, 2007 3:28am
Quoting ephisi
yes, and closed just at 4hr sma high. few pips below daily 5sma high. Aus from this trade, i tot id rather close at 4hr 5sma since d move was spotted on d 4hr chart. price didnt touch my daily 5sma high.
yehh.. 4hr 5sma(high) was the retracement trade.. seperate to the 15min strategy trade..
  • #1,190
  • Nov 28, 2007 3:29am Nov 28, 2007 3:29am
yep. i noticed. the 15min trade was just a double confirmation of a long 4hr momentum trade i tot .Aus wat do you think? since our first target wasnt breached i guess we wait 4 another signal. ive learn not to jump back into a trade to soon after a profit or loss. THANKS AUS
  • #1,191
  • Nov 28, 2007 3:35am Nov 28, 2007 3:35am
Quoting auslanco
I was building my longs on the previous dip.. But yes , the 15min Long trade is on.
Thx for the confirmation Aus!
"Quitting while you are ahead is not the same as quitting".
  • #1,192
  • Nov 28, 2007 3:47am Nov 28, 2007 3:47am
Quoting ephisi
yep. i noticed. the 15min trade was just a double confirmation of a long 4hr momentum trade i tot .Aus wat do you think? since our first target wasnt breached i guess we wait 4 another signal. ive learn not to jump back into a trade to soon after a profit or loss. THANKS AUS
wait for the next 4hr Momentum in 10mins
  • #1,193
  • Nov 28, 2007 3:48am Nov 28, 2007 3:48am
hey bro !

just poppin in to say hi.

hope all is well and trading treatin u well.

--ill have to catch up on your posts and new methods in here...lookin forwrd.

keep it real bro!
  • #1,194
  • Nov 28, 2007 4:02am Nov 28, 2007 4:02am
Thanks aus my 4hr and 1hr momentum are pointing all over, so ill wait some more.till i see any thing nice. AUS my 4hr candle closes in an hours time.
  • #1,195
  • Nov 28, 2007 4:02am Nov 28, 2007 4:02am
What do you make of the candle that just closed on the one hr?
  • #1,196
  • Nov 28, 2007 4:03am Nov 28, 2007 4:03am
M1 pointing down, M10c pointing up => retracement down to the next 5SMA?
  • #1,197
  • Nov 28, 2007 4:33am Nov 28, 2007 4:33am
Quoting ephisi
Thanks aus my 4hr and 1hr momentum are pointing all over, so ill wait some more.till i see any thing nice. AUS my 4hr candle closes in an hours time.
Aus, pls if this mom's are pointing different direction, which one should we consider first and how you do manage such situation.

Thanks bro.
The pips is trending for you to catch, just catch it wisely.....
  • #1,198
  • Nov 28, 2007 4:37am Nov 28, 2007 4:37am
Quoting Kane Rai
Your broker has a different GMT offset.

Have a look here:

http://www.freeforextradingstrategy....ngeover-times/

This is about the daily candle but 4hr candle opens are also different between MT4 brokers. If you want to replicate Auslanco's setup get a FXDD demo account.
Thank You, I spent so much time trying to understand the way Aus trades I overlooked that.
  • #1,199
  • Nov 28, 2007 5:32am Nov 28, 2007 5:32am
Quoting rodders
What do you make of the candle that just closed on the one hr?

Quoting aemil2004
M1 pointing down, M10c pointing up => retracement down to the next 5SMA?

Quoting olacurrency
Aus, pls if this mom's are pointing different direction, which one should we consider first and how you do manage such situation.

Thanks bro.
Guys.. I'm not going to be on this thread forever to advise you on every single bar trade. You should learn to read the momentum on your own.

This is what I do.

My trades are mainly based on the daily. I look at other TF's as supporting momentums. It's impossible to enter and exit trades on every single 4hr Momentum change unless you are a scalper. If there's a 15min strategy signal I take it by all means.
15min signal is always the high priority. Everything else such as Momentums,chart patterns ,candle patterns, interest rates ,trend lines, news releases subprime etc etc is less priority to me.

There were three reasons when I predicted this reversal before London start.


The very first reason was... I saw the 15 min Long trade was forming before Frankfurt strat.

2nd was The price couldnt push through the Daily 5sma(close)

3rd was 12hr Mom was bullish bias.

Do not ever skip a 15min strategy signal. After you take the strategy trade then get guidance form the 4hr and 1hr momentums.
  • #1,200
  • Nov 28, 2007 5:40am Nov 28, 2007 5:40am
Quoting Hakuna Matata
hey bro !

just poppin in to say hi.

hope all is well and trading treatin u well.

--ill have to catch up on your posts and new methods in here...lookin forwrd.

keep it real bro!

Hi Hakuna, You were missing in action for a while bro.. Hope everything is well with you.. I hope to see you around.
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