I am Back and posting Daily in few minutes
looking forward to see your charts.
take care, and see you later
- #61
- Nov 22, 2008 8:24pm Nov 22, 2008 8:24pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
looking forward to see your charts.
take care, and see you later
- #66
- Nov 23, 2008 3:11am Nov 23, 2008 3:11am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
woww.. One of the master at FF
Thanks lilmoe.., i hope i can learn a lot from you
don't hesitate to ask anything u want about my system, it will be my pleasure to make everything clear enough for everyone!
- #67
- Nov 23, 2008 3:13am Nov 23, 2008 3:13am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
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]
lovely charts you have there, and they DO make sense. however, we do need confirmation, and just like you said bro, we are at key levels right now, and price can STILL choose to go either way.
where ever it will go, let's try to make sure we're on the right side of the market with good targets
- #68
- Nov 23, 2008 3:16am Nov 23, 2008 3:16am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Here is my daily chart...I don't have a lot of time to explain my fib but I think she will hit the lower T1 @ 1.2954 after a possible inner retrace. I have the gann hilo and the 50ema shown. I thought it was interesting that price hit gann hilo and two of my inner fibs perfectly at the same time. We will see what happens.
i need to pay more attention to your charts, cuz as of now you've been pretty accurate EVEN after a while. same goes with piters.
IF i get proper confirmation for more downside, i will join you guys in bear camp. but, i'll stick to what i see right now, and will look forward to add to my longs
thanks for your posts big guy, i really hope i get LOTS of them here
- #69
- Nov 23, 2008 3:19am Nov 23, 2008 3:19am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
hi moe, nice thread.
i have a 4 hr chart. this is more like an art, not TA. lol.
if the channel get's violated then perhaps the new channel should look like this?
- #71
- Nov 23, 2008 3:33am Nov 23, 2008 3:33am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Hello Lilmoe,
Like I studied till late last night many advices from Your charts..I have a question towards to Your approach of opening position.
In some posts, You open position according 5Min chart then You wait how 15Min chart react and then 30Min chart...am I correct???
Mostly what I see is that You open 2 trades, one You let run lets say 50 pips and etc..., second You put SL at BE if it reveerse?? ( started to do it as well, but many times when I opened 2 positions got hammered) open 1 trade, position made it dammm..
Thanks so far to You..and others...have a great rest of the day..here we are getting first snow in Slovakia and it is really cold..wish to be somewhere in Carribean..
Like I studied till late last night many advices from Your charts..I have a question towards to Your approach of opening position.
In some posts, You open position according 5Min chart then You wait how 15Min chart react and then 30Min chart...am I correct???
Mostly what I see is that You open 2 trades, one You let run lets say 50 pips and etc..., second You put SL at BE if it reveerse?? ( started to do it as well, but many times when I opened 2 positions got hammered) open 1 trade, position made it dammm..
Thanks so far to You..and others...have a great rest of the day..here we are getting first snow in Slovakia and it is really cold..wish to be somewhere in Carribean..
very possible bro, i like the looks of your charts
- #72
- Nov 23, 2008 3:36am Nov 23, 2008 3:36am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Absolutely
...what an observation..a lot of room for me to learn...
...what an observation..a lot of room for me to learn...ok everyone, i have a theory i want to share.
i want u guys to look at the charts back on friday the 10th of october when we first hit 166.
look very closely to the patter we had. the bias at that time was pretty bearish, and everyone was loading shorts. i was one of those stubborn fellas that believed in a bounced and that 166 was a bottom.
on that very same day, we had a rally that started in asian session and ended when the euro session was closed. NY dragged the price down for a 61.8 fib retracement of that rally. LATER before NY close,...
- #73
- Nov 23, 2008 4:14am Nov 23, 2008 4:14am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Hello Lilmoe,
Like I studied till late last night many advices from Your charts..I have a question towards to Your approach of opening position.
In some posts, You open position according 5Min chart then You wait how 15Min chart react and then 30Min chart...am I correct???
Mostly what I see is that You open 2 trades, one You let run lets say 50 pips and etc..., second You put SL at BE if it reveerse?? ( started to do it as well, but many times when I opened 2 positions got hammered) open 1 trade, position made it dammm..
Thanks so far to You..and...
haha, snow is nice
we don't get that here until late december, it's 17 degrees, and the weather is wonderful.like i said in previous posts on auslanco's thread. when i have confirmation of m30 and above TFs, if i'm not already i the market, i try to get the best possible entry. i do that by relying on the m15 and m5 timeframes.
just like my system works for higher TFs it works really good at lower TFs (1m chart included).
hope that helps. i will, however, be posting regularly here. and i'll make some live calls following my system to make things more clear. till then i'll be happy to answer or clarify anything you don't understand
- #74
- Nov 23, 2008 5:34am Nov 23, 2008 5:34am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Completed my GBP outlook. Click -----> here <----- 
- #75
- Nov 23, 2008 6:02am Nov 23, 2008 6:02am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Completed my GBP outlook. Click -----> here <-----
- #79
- Nov 23, 2008 9:37am Nov 23, 2008 9:37am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Moe,
According to your specs, we now see a hidden bearish div on 15 min chart, is it right (see chart)? Even though the CCI is above 100 and looks like an ideal case to enter long based on hourly chart. I think we should wait till it pulls back a bit before entering long.
If yes on hidden div on 15 min, we shouldn't take the trade and how low should you think it might go? 50 ema or Gann level? Thanks.
hey there MK, how's everything?
actually, there wasnt any hidden divergence there. to get a hidden bearish divergence, we had to have a lower high on price and higher high on MACD (that's the definition of bearish HD, the opposite of classic divergence).
in this particular instance, we had a CCI TL formed on the m15 chart, and was broken, CCI also closed above the 0 line (the level it was under before the CCI TL is broken, u have to have a CCI level broken in order for the TL break to be confirmed). in most casses of a CCI TL break upwards, if CCI was already below the 0 line, we need a close above it, and if it was already over the 0 line before the break, then confirmation would be a close ABOVE the 100 line. Also, if CCI was below the -100 line before the break, then we'll need a close above -100 line... hope that makes sense
a long entry would've been in the blue shaded area. hope this helps.
- #80
- Nov 23, 2008 9:39am Nov 23, 2008 9:39am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
hey there MK, how's everything?
actually, there wasnt any hidden divergence there. to get a hidden bearish divergence, we had to have a lower high on price and higher high on MACD (that's the definition of bearish HD, the opposite of classic divergence).
in this particular instance, we had a CCI TL formed on the m15 chart, and was broken, CCI also closed above the...