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Momentum and StochRSI system

  • #61
  • Oct 28, 2008 8:23am Oct 28, 2008 8:23am
closed all shorts

long at 14950
m1 stoch left bearzone
m5 stoch ema 20 support
  • #62
  • Oct 28, 2008 8:45am Oct 28, 2008 8:45am
Quoting 5ysfx
closed all shorts

long at 14950
m1 stoch left bearzone
m5 stoch ema 20 support
a little bit later...

SL moved to BE
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  • #63
  • Oct 28, 2008 9:05am Oct 28, 2008 9:05am
man o man wth rollercoaster

reversed to short at 15020
  • #64
  • Oct 28, 2008 9:12am Oct 28, 2008 9:12am
big rejection on m5
SL at BE now
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  • #65
  • Oct 28, 2008 10:00am Oct 28, 2008 10:00am
Quoting 5ysfx
man o man wth rollercoaster

reversed to short at 15020
took half profit at 14780
could bounce here im waiting for valid long signal
  • #66
  • Oct 28, 2008 10:19am Oct 28, 2008 10:19am
Quoting 5ysfx
took half profit at 14780
could bounce here im waiting for valid long signal
yep bounce off
closed all short positions
bought at 148

m1 bullish mom divergence and stoch left bearzone
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  • #67
  • Oct 28, 2008 10:38am Oct 28, 2008 10:38am
this target would be nice
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  • #68
  • Oct 28, 2008 11:01am Oct 28, 2008 11:01am
Quoting 5ysfx
m15 strong sell signal
bounce off bullzone border
on m30 same thing

m5 in bearzone already after bullzone rejection

but h1 is bullish that is interesting
momentum way above ema 100
stoch in bullish zone

must be carefull with shorts and watch for 142 level

It was just 100 pips higher than i thought and bounce off was great predicted by momentum on H1. Like i said system works but human has to made final decision
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  • #69
  • Oct 28, 2008 11:52am Oct 28, 2008 11:52am
Quoting 5ysfx
yep bounce off
closed all short positions
bought at 148

m1 bullish mom divergence and stoch left bearzone
took half profit at 150
moved SL below m5 ema 14

m15 is generating short signal
waiting to go short for clear signal on m1 and m5
  • #70
  • Oct 28, 2008 11:54am Oct 28, 2008 11:54am
it was quite quick

m15 short signal

stopped out for profit at m5 ema 14

short at 14950
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  • #71
  • Oct 28, 2008 12:07pm Oct 28, 2008 12:07pm
Quoting 5ysfx
it was quite quick

m15 short signal

stopped out for profit at m5 ema 14

short at 14950
nope not now yet

stopped out and long at 14990
  • #72
  • Oct 28, 2008 12:23pm Oct 28, 2008 12:23pm
add to long at 15080
m1 mom's ema 20 first touch and should be good support
m5 stoch in bullish zone
  • #73
  • Oct 28, 2008 12:46pm Oct 28, 2008 12:46pm
Quoting 5ysfx
add to long at 15080
m1 mom's ema 20 first touch and should be good support
m5 stoch in bullish zone
added again at 15035

m1 bear zone possible rejection
  • #74
  • Oct 28, 2008 1:13pm Oct 28, 2008 1:13pm
Quoting 5ysfx
added again at 15035

m1 bear zone possible rejection
possibly target after rejection
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  • #75
  • Oct 28, 2008 1:30pm Oct 28, 2008 1:30pm
Quoting 5ysfx
possibly target after rejection
TP has been hit took some profit and moved SL to ema 14 on m5
waiting for new signal
  • #76
  • Oct 28, 2008 1:34pm Oct 28, 2008 1:34pm
5ysfx,
Thanks for sharing your method of trading. The play by play updates on the trades you're taking are very helpful. I took a scalp on EU last night using your system and it worked out great. One question, I noticed you've been using the EMA 120 instead of the EMA 133 as stated in your 1st post, do you recommend the EMA 120 now instead of 133?
  • #77
  • Oct 28, 2008 1:44pm Oct 28, 2008 1:44pm
Quoting psymantis
5ysfx,
Thanks for sharing your method of trading. The play by play updates on the trades you're taking are very helpful. I took a scalp on EU last night using your system and it worked out great. One question, I noticed you've been using the EMA 120 instead of the EMA 133 as stated in your 1st post, do you recommend the EMA 120 now instead of 133?
oops yes
i did change to EMA 120 accidentaly to try it out.
It is more accurate i think on most of TFs
check chart
EMA 120 is closer to tops than EMA133

Try different setup if u like.
Cheers
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  • #78
  • Oct 28, 2008 2:26pm Oct 28, 2008 2:26pm
closed all longs and changed to short now at 156


261.8% target has been hit
very powerfull reistance at ema 55
first touch of momnetums ema 100
possible bullzone rejection on h3

lower TFs still very bullish though
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  • #79
  • Oct 28, 2008 2:41pm Oct 28, 2008 2:41pm
took half profit at 155 and moved SL to BE

waiting for short confirmation on m5
  • #80
  • Oct 28, 2008 3:04pm Oct 28, 2008 3:04pm
Quoting 5ysfx
took half profit at 155 and moved SL to BE

waiting for short confirmation on m5
m1 sell confirmation
added to short at 15560
possible target for short is 15250 261.8% FE of current correction
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