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Daily/Intraday Momentum Analysis

  • #1,201
  • Nov 28, 2007 5:46am Nov 28, 2007 5:46am
Quoting auslanco
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.
Props to you Aus!

Ken
  • #1,202
  • Nov 28, 2007 5:47am Nov 28, 2007 5:47am
Thank you for your answer Aus.
Right now all my trades are based only on my own strategy. For the moment I'm long since the simetrical triangle was penetrated on superior part.

I'm just looking on Daily/Intraday Momentum Analysis to see how it works.

You are doing a good job.
  • #1,203
  • Nov 28, 2007 6:15am Nov 28, 2007 6:15am
Quoting auslanco
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.

Thanks aus, not that we dont get the strategy but you know there will be sometimes that things will go more than what we understand...

Remember bro, it took you 8 months to maintain your $ 100,

this is my 5th month, presently with six wins out of 10.

Thanks for all you have done but very soon newbies will become oldbies
The pips is trending for you to catch, just catch it wisely.....
  • #1,204
  • Nov 28, 2007 6:22am Nov 28, 2007 6:22am
12hr Momentum.. Reversal signs down to 225 area.. But the bar formed above the channel. Becarful if you planning catch this retraco trade. It's very risky to catch the retracemnt when the bar forms out side the channel. I'm done for the day .. I'll see you guys tomorrow.
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  • #1,205
  • Nov 28, 2007 6:26am Nov 28, 2007 6:26am
Aus - can you tell me what time your daily bar changes? Thx
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,206
  • Nov 28, 2007 6:49am Nov 28, 2007 6:49am
Im At 47% Profit For Second Month Using Your System Of Demo Trading........im Done For The Month.........fxkings
  • #1,207
  • Nov 28, 2007 7:32am Nov 28, 2007 7:32am
Guys can you please stop asking Aus every single trade question comes in your head. Please try to learn on your own. Aus is doing us a huge favor by putting his opinions here for free take them and learn from them instead of asking stupid questions every second of the day.
  • #1,208
  • Nov 28, 2007 7:34am Nov 28, 2007 7:34am
Hello all MT4 on 0:00 GMT daily time change... Auslanco, I observe your S/L at http://auslanco-fx.blogspot.com ... and am breaking my head to come up with something similar on 0:00 GMT day change... please let us know if the attached could be used by 0:00 GMT day change users [past bar data]... -Thanks

SORRY... the last S/L should read "PastDay5smaClose"
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  • #1,209
  • Nov 28, 2007 12:46pm Nov 28, 2007 12:46pm
The 4hr mom bar is bearish thus; possibility of retracement to 4hr 5SMA High before the daily candle forms in the next 4 hrs
The pips is trending for you to catch, just catch it wisely.....
  • #1,210
  • Nov 28, 2007 2:05pm Nov 28, 2007 2:05pm
Price has moved up to the Weekly 5 SMA area @ 229.30. Right on Aus. Who could have guessed. Now where?
  • #1,211
  • Nov 28, 2007 4:19pm Nov 28, 2007 4:19pm
Tokyo
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  • #1,212
  • Edited 4:50pm Nov 28, 2007 4:23pm | Edited 4:50pm
Daily (within the next 24hrs) , Further upside to weekly 5sma (Close)
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  • #1,213
  • Nov 28, 2007 4:34pm Nov 28, 2007 4:34pm
This week (Thursday & Friday)
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  • #1,214
  • Nov 28, 2007 4:37pm Nov 28, 2007 4:37pm
hi aus
i want to ask u about the difference between the last two post the first one about tokyo it seems that the market is dropping to 227 area
but in the second post u said daily 230 what do u mean that the price will hit the 227 area and than bounce to 230 thank u
  • #1,215
  • Nov 28, 2007 4:47pm Nov 28, 2007 4:47pm
Quoting anthonykay
hi aus
i want to ask u about the difference between the last two post the first one about tokyo it seems that the market is dropping to 227 area
but in the second post u said daily 230 what do u mean that the price will hit the 227 area and than bounce to 230 thank u

Yes .. thats how it looks like.

Daily Momentum is bullish and showing a further rise to complete the weekly 5sma retracement at 230.10 area ..But all the smaller TF (1hr,30,15) are on extremely OB levels. It will have a 100-200 pip retracement to come out of the OB levels and shoot back up again , possible during London.

Therefor my guess is
Tokyo -Down,
London-UP
  • #1,216
  • Nov 28, 2007 4:53pm Nov 28, 2007 4:53pm
thank u aus
  • #1,217
  • Nov 28, 2007 5:14pm Nov 28, 2007 5:14pm
Hi Aus,


From yesterday's daily moment, 1c pointed down and 10c pointed up. The price opened below the 5(H). I would expect a bearish day for price move south to first 5(c) and then possible 5(L). Price may retrace to 5(h) or even higher cause 10c points up. But price should close around daily 5(c) mainly determined by 1c daily moment. But yesterday, the market was strong bullish. So my understanding of the daily moment is not right. Could you comment?
Thanks







Quoting auslanco
Yes .. thats how it looks like.

Daily Momentum is bullish and showing a further rise to complete the weekly 5sma retracement at 230.10 area ..But all the smaller TF (1hr,30,15) are on extremely OB levels. It will have a 100-200 pip retracement to come out of the OB levels and shoot back up again , possible during London.

Therefor my guess is
Tokyo -Down,
London-UP
  • #1,218
  • Nov 28, 2007 5:53pm Nov 28, 2007 5:53pm
Quoting RedA
Hi Aus,


From yesterday's daily moment, 1c pointed down and 10c pointed up. The price opened below the 5(H). I would expect a bearish day for price move south to first 5(c) and then possible 5(L). Price may retrace to 5(h) or even higher cause 10c points up. But price should close around daily 5(c) mainly determined by 1c daily moment. But yesterday, the market was strong bullish. So my understanding of the daily moment is not right. Could you comment?
Thanks

1C will only come in to play when the bar is within the channel.
You were right, the price was suppose to close around 5H, But as soon as the price jumped above the 5H , 14 C turned neutral, 10C was super bullish and crossed the Zero(or 100 line), indicating a strong bullish move was about to come.

Also , yesterday there were 3 attempts to break the Daily 5C. However the 12hr TF was bullish and didnt show us a promising downtrend before NY open.

when you trade the daily bar it's very important for you to target only for the next 5sma level. Daily 5sma levels are very tough S/R levels.
  • #1,219
  • Nov 28, 2007 6:16pm Nov 28, 2007 6:16pm
Quoting auslanco
1C will only come in to play when the bar is within the channel.
You were right, the price was suppose to close around 5H, But as soon as the price jumped above the 5H , 14 C turned neutral, 10C was super bullish and crossed the Zero(or 100 line), indicating a strong bullish move was about to come.

Also , yesterday there were 3 attempts to break the Daily 5C. However the 12hr TF was bullish and didnt show us a promising downtrend before NY open.

when you trade the daily bar it's very important for you to target only for the next 5sma level. Daily 5sma levels are very tough S/R levels.
Thank you Aus. When you go in depth about the power and characteristic of the sma's and the momentums I learn so much. I go back on weekends and read them to refresh my memory. Please do more when you can.

Thanks.
  • #1,220
  • Nov 28, 2007 6:18pm Nov 28, 2007 6:18pm
Quoting auslanco
1C will only come in to play when the bar is within the channel.
You were right, the price was suppose to close around 5H, But as soon as the price jumped above the 5H , 14 C turned neutral, 10C was super bullish and crossed the Zero(or 100 line), indicating a strong bullish move was about to come.

Also , yesterday there were 3 attempts to break the Daily 5C. However the 12hr TF was bullish and didnt show us a promising downtrend before NY open.

when you trade the daily bar it's very important for you to target only for the next 5sma level. Daily 5sma levels are very tough S/R levels.
aus bro

how do u see this 0.00GMT daily bar MoM
1C pointing down touching zero line
10C pointing sideways parallel to zero line
14C Pointing down going through zero line

bar opens of course above the channel.
Success has a Thousand Fathers.
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