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Momentum and StochRSI system

  • #201
  • Nov 18, 2008 6:08am Nov 18, 2008 6:08am
m15 has been defending bear zone so far

ema 50 hourly is good support if broken then short in play
there is a lot of room below
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  • #202
  • Edited 7:05am Nov 18, 2008 6:23am | Edited 7:05am
What would your coment be on this rejection GBP/JPY 15m chart. would you wait to StoshRSI gets resistance( rejects) in EMA20 and goes down couse Mom is so small,
or will trend reverse and go up! Tell me then for example what's the emportance of this move; why will turn or not...
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  • #203
  • Nov 18, 2008 6:30am Nov 18, 2008 6:30am
Quoting tim94
What would your coment be on this rejection GBP/JPY 15m chart. would you wait to StoshRSI gets resistance( rejects) in EMA20 couse Mom is so small
or will trend reverse and go up(don't think so) but for example what's the emportance of this move...
2 failed attempt to bring price into bear zone in very short time.
This could indicates strong support in there.

Also very important are majors pairs cable and gopher.
Have a look at these charts
cable strong m15 bear zone rejection.
gopher m15;s momentum divergence and h1 bear zone rejection(first attempt)
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  • #204
  • Nov 19, 2008 6:18am Nov 19, 2008 6:18am
Certainly I have to look at things more objective, and that example came out very handy... thanks
  • #205
  • Nov 19, 2008 3:31pm Nov 19, 2008 3:31pm
HI, it's me and my Q... again...

Why didn't this two bounces rejected the trend. Is it becouse of supperted Mom in 20 and 100EMA later on? Thanks...
Attached Image (click to enlarge)
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  • #206
  • Nov 23, 2008 9:57pm Nov 23, 2008 9:57pm
Quoting tim94
HI, it's me and my Q... again...

Why didn't this two bounces rejected the trend. Is it becouse of supperted Mom in 20 and 100EMA later on? Thanks...
i think so

also price was unable to breach upward ema 14
  • #207
  • Nov 23, 2008 10:03pm Nov 23, 2008 10:03pm
New week new competition.

short on wedge breakout or target only
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  • #208
  • Nov 23, 2008 11:55pm Nov 23, 2008 11:55pm
Quoting 5ysfx
New week new competition.

short on wedge breakout or target only
or maybe now is quite good time for another test of LTL of the wedge


m30 is generating sell signal so there is a good chance to break the wedge to downside when Londons open. If so then we will see h1 bull zone rejection therefore should be more range action.Im just scalping both ways.

Let see.
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  • #209
  • Nov 24, 2008 1:10am Nov 24, 2008 1:10am
now is looking good for short side
m15 bull zone rejection
m5 sell signal

140 or much lower
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  • #210
  • Nov 24, 2008 2:42am Nov 24, 2008 2:42am
LTL of the wedge
long is good bet especially when h1 momentum is rising and stoch is entering to bull zone also equities are doing good so far.
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  • #211
  • Nov 24, 2008 7:13am Nov 24, 2008 7:13am
Partial TP time

major emas here

daily and weekly look pretty wild ;-]
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  • #212
  • Nov 24, 2008 7:30am Nov 24, 2008 7:30am
short is worth a risk here

m5's momentum is breaking ema20
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  • #213
  • Nov 24, 2008 10:21am Nov 24, 2008 10:21am
plan for coming days according to my system

short at ema34 daily to test ema14 as support if holds then i will buy more
still holding long positions as carry trade
looks promising
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  • #214
  • Nov 24, 2008 11:22am Nov 24, 2008 11:22am
Started later, as an unsure newbie should, but came out strong 300pips long...
As for StochRSI system considering its a hell of a system. And all the thanks goes to 5ysfx.
  • #215
  • Nov 24, 2008 12:34pm Nov 24, 2008 12:34pm
I think this is a good thread. I already read it many times, but still confuse.
Plz help me (and maybe the others too) to explain step by step how to take decision.

thx for your help!
  • #216
  • Nov 24, 2008 2:45pm Nov 24, 2008 2:45pm
After NY close bell we should see small retracement at least it would be nice to see that
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  • #217
  • Nov 24, 2008 10:04pm Nov 24, 2008 10:04pm
38.2% - time to build long positions again

m5 divergence started
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  • #218
  • Nov 24, 2008 10:33pm Nov 24, 2008 10:33pm
h1 stochastic on support this is first touch of 75% border near ema20 and this mean very strong support and safe bet even in bearish market overall condition
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  • #219
  • Nov 25, 2008 6:13am Nov 25, 2008 6:13am
h4's ema14 provide support thats good news for higher targets such daily ema34 or ema50
I am buying dips channel still intact

let see
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  • #220
  • Nov 25, 2008 6:35am Nov 25, 2008 6:35am
BTW:
Does someone know how to make Gann Grid on MT4( more than just the basic net) and can explain all the variables( time:from-to, Value and Scale), couse all I can get is this: pic_01.

Can someone build up some kind of makro for MT4, that can draw lines at certain angles.
Would be very appreciated.
Attached Image (click to enlarge)
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