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Lilmoe's Trading System and Analysis

  • #101
  • Nov 24, 2008 4:38am Nov 24, 2008 4:38am
DR3 [148.53]
DR2 [146.69]
DR1 [144.85]
DPP [141.39]
DS1 [139.55]
DS2 [136.09]
DS3 [134.25]

http://www.doske.com/fx/snapshot-240.png
  • #102
  • Nov 24, 2008 5:10am Nov 24, 2008 5:10am
here's another example (too bad i didn't take it because of bad broker feed)...

bullish HD on m5 when price was touching 50ema and failing to go below CCI's 0 line.

partial profit would be taken at m5's gann for 45 pips, and SL would be a bit lower than m15 gann (second target if m5's 50ema was taken out) around 35 pips.

first TP of 45 pips has already been reached while i typed this.

second target is FE 61.8 at 143.55 provided we close above m5's gann.

same rules apply to higher TFs of course...

Attached Image (click to enlarge)
Click to Enlarge Name: m5_bullish_hd.gif Size: 12 KB
  • #103
  • Nov 24, 2008 5:45am Nov 24, 2008 5:45am
Hi Lilmoe,

Well I have been watching the Aus thread since Feb 2008. You guys ( all of you ) have been an inspiration. Many thanks indeed and you have led me to post at last.

I am still quiet new to forex really, went live in Feb and am over B/E which is ok for me as I feel I am still learning my way.

So, I attached a chart and wondered if you could check I am looking at this right.

5min chart shows bullish HD and price bounced from 50ema and near 0 CCI. Could have taken a long here with 1st target 5min gann, good place to exit half and move SL to BE. Gann did not hold, so next traget would be 100 CCI or the peak @ 143.21 perhaps. These all broke, so were moving up higher to see if 100 CCI holds on 30mins and 1hr, then next target 143.71 peak. If these all break then we are looking for 50ema on the 4hr chart ?

Thanks for any comments.

Also at this stage 30mins method could come into force, if price closes above 100CCI, as price is above DP, 50ema, Gann and sma is above 5sma etc etc
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot18.gif Size: 24 KB
  • #104
  • Nov 24, 2008 5:49am Nov 24, 2008 5:49am
hahaha,
I read your previous post, you must have added it as I was typing
  • #105
  • Nov 24, 2008 5:55am Nov 24, 2008 5:55am
Quoting Crispin
Hi Lilmoe,

Well I have been watching the Aus thread since Feb 2008. You guys ( all of you ) have been an inspiration. Many thanks indeed and you have led me to post at last.

I am still quiet new to forex really, went live in Feb and am over B/E which is ok for me as I feel I am still learning my way.

So, I attached a chart and wondered if you could check I am looking at this right.

5min chart shows bullish HD and price bounced from 50ema and near...
your potential entry and targets are all perfect.
now THAT's what i call great understand of my system

great job bro, and keep up the good work!! welcome to the club
  • #106
  • Nov 24, 2008 6:02am Nov 24, 2008 6:02am
Thanks man, I think I may have just had a "eureka" moment - hehe
  • #107
  • Nov 24, 2008 6:08am Nov 24, 2008 6:08am
Quoting Crispin
Thanks man, I think I may have just had a "eureka" moment - hehe
not that i advise you to start trading the 1m chart (it's a bit risky for one who has just started to trade my system) m5 should be the lowest TF you go.

BUT, take a look at your 1m chart where the last dip yielded a bullish HD WHEN price was BELOW 1m 50ema. rule#4 of bottom/top picking states that price should revers back when it touches gann or 50ema of the higher TF. so that means that it should reverse from 5m gann or 5m 50ema. it DID.

your entry would've been 5m gann, and your stop loss would be a bit below 5m 50ema in that particular case, tagetting the previous peak or the day's high for at least 50 pips

hope it makes sense. and NO, i don't think you should start trading 1m now, give urself a bit of time to fully have a grasp of my system
  • #108
  • Nov 24, 2008 6:22am Nov 24, 2008 6:22am
i've been asked several times to post auslanco's indicators.

here then are for those interested. the only one i don't use regularly is QQE. the rest are on the first page of this thread.

1) gann hilo activator
2) momentum ZL
3) QQE
Attached File(s)
File Type: zip auslanco_indicators.zip   19 KB | 493 downloads
  • #109
  • Nov 24, 2008 6:43am Nov 24, 2008 6:43am
Quoting lilmoe
here's another example (too bad i didn't take it because of bad broker feed)...

bullish HD on m5 when price was touching 50ema and failing to go below CCI's 0 line.

partial profit would be taken at m5's gann for 45 pips, and SL would be a bit lower than m15 gann (second target if m5's 50ema was taken out) around 35 pips.

first TP of 45 pips has already been reached while i typed this.

second target is FE 61.8 at 143.55 provided we close above m5's gann.

same rules apply to higher TFs of course...

Attachment
target was reached at 143.55, where price bounced a bit. a close above that and we're getting a FE100 at 144.21 )

Attached Image (click to enlarge)
Click to Enlarge Name: m5_bullish_hd.gif Size: 19 KB
  • #110
  • Nov 24, 2008 6:48am Nov 24, 2008 6:48am
I already close long at 142.36 for 100pips
now.. wait for the fresh entry, suggest me the best place to buy

thanks
  • #111
  • Nov 24, 2008 7:00am Nov 24, 2008 7:00am
So possible long entry soon off 30mins. Price is closing above 100CCI, Gann, DP, 50ema etc. Poss retrace closer too 5sma for an entry.

Good target would be 4hr 50ema
  • #112
  • Nov 24, 2008 7:13am Nov 24, 2008 7:13am
Quoting Crispin
So possible long entry soon off 30mins. Price is closing above 100CCI, Gann, DP, 50ema etc. Poss retrace closer too 5sma for an entry.

Good target would be 4hr 50ema
yes, but take note that 4h 50ema is very close, so is daily gann (currently less than a 100 pips away). m30 and 1h long signals should be at least 100 pips away from strong s/r levels as rule#5 states of my swing trade system

keeping the longs we had from lower levels at b/e SL is the best thing to do atm. but if we do get a good dip before those levels are reach with a bullish HD visible on a smaller TF like m15, then yes, we'll go ahead with another long

  • #113
  • Nov 24, 2008 7:13am Nov 24, 2008 7:13am
Quoting Crispin
So possible long entry soon off 30mins. Price is closing above 100CCI, Gann, DP, 50ema etc. Poss retrace closer too 5sma for an entry.

Good target would be 4hr 50ema
let me thing about it.., thanks buddy
  • #114
  • Nov 24, 2008 7:17am Nov 24, 2008 7:17am
Just gotta break thru the old TL which is now acting as resistance, just my thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot1.gif Size: 20 KB
  • #115
  • Nov 24, 2008 7:17am Nov 24, 2008 7:17am
Quoting lilmoe
target was reached at 143.55, where price bounced a bit. a close above that and we're getting a FE100 at 144.21 )

Attachment
missed by a small number of pips, we might go back up in a bit to touch that level and go back for a dip.

something else to take not. we have a bearish gartley pattern (bearish Bat) forming on the 1h and lower charts, BUT 1h and m30 CCI are over the 100 line.

very small chance for this to start going down, but it's interesting that the bat formed right when we almost touched 4h 50ema

don't rush into longs at this level just yet.
  • #116
  • Nov 24, 2008 7:19am Nov 24, 2008 7:19am
Respect for your effort wanting to share your system to make us all a better trader. Whenever i am "ready" i will shurely contribute to your system.

Whishing everyone lots of happy trading and good (L)earning.

  • #117
  • Nov 24, 2008 7:23am Nov 24, 2008 7:23am
Quoting lilmoe
yes, but take note that 4h 50ema is very close, so is daily gann (currently less than a 100 pips away). m30 and 1h long signals should be at least 100 pips away from strong s/r levels as rule#5 states of my swing trade system

keeping the longs we had from lower levels at b/e SL is the best thing to do atm. but if we do get a good dip before those levels are reach with a bullish HD visible on a smaller TF like m15, then yes, we'll go ahead with another long

Thanks, I forgot that rule - lol

I updated my chart above, this could also cause some problems
  • #118
  • Nov 24, 2008 7:23am Nov 24, 2008 7:23am
Quoting lilmoe
missed by a small number of pips, we might go back up in a bit to touch that level and go back for a dip.

something else to take not. we have a bearish gartley pattern (bearish Bat) forming on the 1h and lower charts, BUT 1h and m30 CCI are over the 100 line.

very small chance for this to start going down, but it's interesting that the bat formed right when we almost touched 4h 50ema

don't rush into longs at this level just yet.
i will not be taking this m30 long signal. to risky when we've reached an upper TL of a rising wedge, with classic bearish divergence forming on 1h.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_rising_wedge.gif Size: 19 KB
  • #119
  • Nov 24, 2008 7:25am Nov 24, 2008 7:25am
Quoting lilmoe
missed by a small number of pips, we might go back up in a bit to touch that level and go back for a dip.

something else to take not. we have a bearish gartley pattern (bearish Bat) forming on the 1h and lower charts, BUT 1h and m30 CCI are over the 100 line.

very small chance for this to start going down, but it's interesting that the bat formed right when we almost touched 4h 50ema

don't rush into longs at this level just yet.
please post chart that showing Bearish bat
Thanks Lilmoe
  • #120
  • Nov 24, 2008 7:26am Nov 24, 2008 7:26am
Quoting tazmaniak
Respect for your effort wanting to share your system to make us all a better trader. Whenever i am "ready" i will shurely contribute to your system.

Whishing everyone lots of happy trading and good (L)earning.

u're most welcome bro
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