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Lilmoe's Trading System and Analysis

  • #41
  • Nov 22, 2008 3:41pm Nov 22, 2008 3:41pm
Quoting mike1349
Thanks Lilmo for this great job.

I know you are busy with your guests and trading but you did a great job.

Thank you so much again

Mike

EDit:
If anybody doesn't know what divergences are these 2 links help:

http://www.forexfactory.com/showpost...2&postcount=39
http://www.forexfactory.com/showpost...&postcount=138
Quoting mktjong
Thanks so much Moe, you have done an excellent job ..
I will incorporate some of your ideas into my trading arsernal ..
Very good stuff ..
Quoting Val144
Thanks so much Moe, you have done an excellent job ..
I will check some of your ideas to use with my trading arsernal ..
Realy very good stuff ..
you're welcome everyone

i'll do my best to make sure everyone understands how i see things.
  • #42
  • Nov 22, 2008 3:42pm Nov 22, 2008 3:42pm
Quoting hussin naiji
hi lilmoe
dear Bro
only i can say to all traders that direction this thread is Hawaii
lilmoe have God good health for you and your family
best regards
hussin
hey there buddy. thanks!

we will meet someday in hawaii
  • #43
  • Nov 22, 2008 3:43pm Nov 22, 2008 3:43pm
Quoting Scotty B
Hey Moe,

Good work putting up the thread. I look forward to learning how you look at things. I am seeing some promising compliments to what my fibs are saying with what you are teaching. It's like a whole other piece of the puzzle. Keep up the good work my friend.

Scotty B
hey there scotty B! haven't seen u in a while! can't wait to see a couple of charts from ya

have a nice weekend!
  • #44
  • Nov 22, 2008 3:47pm Nov 22, 2008 3:47pm
Quoting sogt725
Moe, in your pivot points indicator,currently, the DayStartHour = 9.

To achieve the same pivot as your chart, we need to know which metatrader platform u're using, so we can adjust the # appropriately.
DP values change from one platform to another, it depends on the closing time of your daily candle (which varies from one platform to another). the "daily start hour" variable in that indicator's properties should be set to 0. my platform is GMT+3

so, if you're using a demo account from IBFX you should get the same values i get if you sent your start hour variable to 3

try it out and tell me what u see.

regards.
  • #45
  • Nov 22, 2008 4:23pm Nov 22, 2008 4:23pm
we have a very similar pattern on cable. bullish divergence on daily chart's MACD and CCI30. a breakout of the green (thin) descending TL will signal a test of daily 50ema or close. let's see if we get a close above the -100 line next week

last time we got that pattern in september, daily 50ema was around the same level as 38.2 fibo.

we currently have 50ema close to 61.8. however, as we go up, 50ema might get a bit lower closer to 50% fibo.

so my prediction for the coming week/weeks is cable at anywhere between 1.6 and 1.64

a break of the CCI TL downwards will signal more bearish momentum and more potential lows, and the above prediction delayed.

good luck all!

Attached Image (click to enlarge)
Click to Enlarge Name: cable_daily_pattern.gif Size: 14 KB
  • #46
  • Nov 22, 2008 4:30pm Nov 22, 2008 4:30pm
Agree with the outlook for GBP/USD Posted a simple and clean chart in Igroks cave so not reposting and heres the link. Target calculated based on Igrok method. Lets see how this plays out;-)

Quoting lilmoe
we have a very similar pattern on cable. bullish divergence on daily chart's MACD and CCI30. a breakout of the green (thin) descending TL will signal a test of daily 50ema or close. let's see if we get a close above the -100 line next week

last time we got that pattern in september, daily 50ema was around the same level as 38.2 fibo.

we currently have 50ema close to 61.8. however, as we go up, 50ema might get a bit lower closer to 50% fibo.

so my prediction for the coming week/weeks is cable at anywhere between 1.6 and 1.64

a break of the...
  • #47
  • Nov 22, 2008 4:47pm Nov 22, 2008 4:47pm
Quoting belekas
Agree with the outlook for GBP/USD Posted a simple and clean chart in Igroks cave so not reposting and heres the link. Target calculated based on Igrok method. Lets see how this plays out;-)
good stuff bro! now, let's see if we'll reach 50ema

if daily 50ema is taken out, i'm expecting weekly gann at around 1.70
  • #48
  • Nov 22, 2008 4:51pm Nov 22, 2008 4:51pm
lilmoe maybe you know how to change gmt+3 from gmt+0 on metatrader?
  • #49
  • Nov 22, 2008 4:52pm Nov 22, 2008 4:52pm
And also EUR/USD still squeezed inside a triangle formation on the dayly and 4hr (better observed on the 4hr) with it beying inside a possible descending broadening pattern that i have drawn in sienna colour. Theres no need to talk about targets to the upside as traders who know basic oldschool TA should be well aware of. Just follow the chart and believe in your self as it tells a thousand words. And just remmembered to mention the "do not forget thang" - keep it simple ;-)

My 2 pips into Lil Moes account ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_d1_triangle.jpg Size: 82 KB
  • #50
  • Nov 22, 2008 5:01pm Nov 22, 2008 5:01pm
Quoting edbar
lilmoe maybe you know how to change gmt+3 from gmt+0 on metatrader?
nope, i have no idea how to change the entire platform's timezone, i was merely explaining how to do that on the daily pivot indicator.
  • #51
  • Nov 22, 2008 5:03pm Nov 22, 2008 5:03pm
Quoting lilmoe
good stuff bro! now, let's see if we'll reach 50ema

if daily 50ema is taken out, i'm expecting weekly gann at around 1.70
Once the current UTL is taken out, the red wider range UTL is my target and i have pointed out the 1.7000 and the surrounding area which should be touched by price so its more or less the same as the weekly gann you have plotted on your chart ;-) Posting a clean chart.

Cheers,

P.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_h4_div2.jpg Size: 89 KB
  • #52
  • Edited 6:59pm Nov 22, 2008 5:07pm | Edited 6:59pm
I am posting my first chart here on your thread, there is something I saw on GU, and realy want to share with you. Here is: Just have a look the TL on Monthly GU chart. GU Does respect those Monthly TL. As for the TOP, also for the bottom. Seams that we broke that LAST LTL on Monthly. Are we are going to have a CLOSE? it is realy question, still another week to GO..

Let's have a look the charts:

Big Picture:
http://www.doske.com/fx/snapshot-225.png

And Detailed ONE:

http://www.doske.com/fx/snapshot-224.png
CONTINUE >>>>>
  • #53
  • Edited 7:31pm Nov 22, 2008 5:47pm | Edited 7:31pm
How, Weekly Chart: ( I am using the same Monthly TL's)

From the the very top @ 2.116 The PA stopped on the Monthly UTL (just have a look all that rally we had before followed by your CCI 30 bearish Divergance [item 8]. Now Follow:

2. Breakout
3. Test the breakout
4. Another Breakout
5. Another test.
6. Another Breakout
7. and test.. (every TL is followed with retracement, penetration and Retest)

Now the question is: ARE WE THERE YET ?? I don't know, but what we are having is weekly close bellow that Monthly LTD, and if we are still there, we can go only down to test the low @1.367 from 6 November 2001.

Chart:

http://www.doske.com/fx/snapshot-226.png

CONTINUE >>> .....
  • #54
  • Nov 22, 2008 6:18pm Nov 22, 2008 6:18pm
Quoting Piters
I am posting my first chart here on your thread, there is something I saw on GU, and realy want to share with you. Here is: Just have a look the TL on Monthly GU chart. GU Does respect those Monthly TL. As for the TOP, also for the bottom. Seams that we broke that LAST LTL on Monthly. Are we are going to have a CLOSE? it is realy question, still another week to GO..
very interesting indeed bro i'v been watching that TL back when cable was touching it. i also remember saying we might see cable at around 1.3x area. HOWEVER, we do need a monthly close below that TL. (check out my previous post about cable on this thread, there's a green TL on top of the price, THAT is the same TL you're talking about

we need to close below that TL and it acting as resistance in the coming weeks for that breach to be confirmed, just like u said.

but before that happens, i expect a major pullback. let's wait and see
  • #55
  • Nov 22, 2008 6:19pm Nov 22, 2008 6:19pm
Quoting belekas
Once the current UTL is taken out, the red wider range UTL is my target and i have pointed out the 1.7000 and the surrounding area which should be touched by price so its more or less the same as the weekly gann you have plotted on your chart ;-) Posting a clean chart.

Cheers,

P.
sweet

i like it when things start to line up. all we need now is confirmation.

are you enjoying your weekend so far bro?
  • #56
  • Nov 22, 2008 6:24pm Nov 22, 2008 6:24pm
Quoting lilmoe
sweet

i like it when things start to line up. all we need now is confirmation.

are you enjoying your weekend so far bro?
Yes had a relaxing and peacefull day. Got back home and did my homework for the upcomming week, and posted a few charts @ your thread. Its 2:23 @ night down here so im finishing some of my drawings and packing to bed. Hows your weekend so far buddy?
  • #57
  • Nov 22, 2008 6:49pm Nov 22, 2008 6:49pm
woww.. One of the master at FF

Thanks lilmoe.., i hope i can learn a lot from you
  • #58
  • Nov 22, 2008 6:56pm Nov 22, 2008 6:56pm
i have smth another
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy11.gif Size: 30 KB
  • #59
  • Nov 22, 2008 7:28pm Nov 22, 2008 7:28pm
Quoting edbar
i have smth another
always be careful not to overleverage your trades. this market is at a critical point right now and as of this point, price can still go either way. a breach of the daily descending trendline should be our confirmation of a short/medium term reversal.
  • #60
  • Edited 8:26pm Nov 22, 2008 7:37pm | Edited 8:26pm
OK, Daily: ... few observations: [Those Monthly TL are rock solid S/R]

Everytime cable touch th LTL, we are seeing the FIBO 0.382 retracement1 [1 & 2] and [6 & 7]

http://www.doske.com/fx/snapshot-227.png

http://www.doske.com/fx/snapshot-228.png
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