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Lilmoe's Trading System and Analysis

  • #141
  • Nov 24, 2008 10:36am Nov 24, 2008 10:36am
I was looking at your top and bottom picking again.

Am I seeing something on the daily chart ?

Classic bullish diverg, price looks to be breaking back thru -100, trendline break.

So, price should seek daily 50ema if I'm not mistaken ?
Attached Image (click to enlarge)
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  • #142
  • Nov 24, 2008 10:46am Nov 24, 2008 10:46am
Quoting Crispin
I was looking at your top and bottom picking again.

Am I seeing something on the daily chart ?

Classic bullish diverg, price looks to be breaking back thru -100, trendline break.

So, price should seek daily 50ema if I'm not mistaken ?
u bet ur a$$ u're not mistaken

daily 50ema should be the ultimate target
  • #143
  • Nov 24, 2008 11:23am Nov 24, 2008 11:23am
At last it's dropping.Buy order on 5ema H1

Could we call this HD in M5???
Attached Image (click to enlarge)
Click to Enlarge Name: lilmo.gif Size: 25 KB
Failure, is a wonderful teacher!
  • #144
  • Nov 24, 2008 11:27am Nov 24, 2008 11:27am
Is 5mins showing a poss bullish HD, off 50ema and poss bounce off the CCI 0 level ?
Also ties in with a 1hr retracement to 5sma
  • #145
  • Nov 24, 2008 11:29am Nov 24, 2008 11:29am
is the daily 50ema around 159.40?
  • #146
  • Nov 24, 2008 11:31am Nov 24, 2008 11:31am
Quoting chris668
is the daily 50ema around 159.40?
Yeah, around 160 ish for me
  • #147
  • Nov 24, 2008 11:35am Nov 24, 2008 11:35am
Quoting Crispin
Is 5mins showing a poss bullish HD, off 50ema and poss bounce off the CCI 0 level ?
Also ties in with a 1hr retracement to 5sma
yep, bullish HD. i'm expecting it to hit 50ema on the 5m chart.

if it doesn't hit 50ema, and price doesn't rally really fast, AND slowly closes above gann, i'll add a long

that's a minor rule i forgot to post, i'll do that whenever i get permission to edit the posts on the first page of this thread
  • #148
  • Nov 24, 2008 12:07pm Nov 24, 2008 12:07pm
Quoting Crispin
Is 5mins showing a poss bullish HD, off 50ema and poss bounce off the CCI 0 level ?
Also ties in with a 1hr retracement to 5sma
WOW - I played this as price was also holding on the 15mins Gann and CCI was dancing off the 15mins CCI 100 too.

120 pips - Lilmoe, what can I say, some great pips today
  • #149
  • Nov 24, 2008 12:13pm Nov 24, 2008 12:13pm
Quoting lilmoe
if it doesn't hit 50ema, and price doesn't rally really fast, AND slowly closes above gann, i'll add a long
hope u got that one crispin
  • #150
  • Nov 24, 2008 12:21pm Nov 24, 2008 12:21pm
Quoting Crispin
WOW - I played this as price was also holding on the 15mins Gann and CCI was dancing off the 15mins CCI 100 too.

120 pips - Lilmoe, what can I say, some great pips today


see? making 500 pips a day in a market like this is not that hard is it?
  • #151
  • Nov 24, 2008 12:25pm Nov 24, 2008 12:25pm
Quoting mike1349
At last it's dropping.Buy order on 5ema H1

Could we call this HD in M5???
yep, that's a bullish HD

sorry i didn't see ur post, it played out nicely.
  • #152
  • Nov 24, 2008 12:33pm Nov 24, 2008 12:33pm
Thanks for everything,Lilmo!!


I am running to work.See you for Londo session

Mike
Failure, is a wonderful teacher!
  • #153
  • Nov 24, 2008 1:04pm Nov 24, 2008 1:04pm
Quoting mike1349
Thanks for everything,Lilmo!!


I am running to work.See you for Londo session

Mike
  • #154
  • Nov 24, 2008 3:14pm Nov 24, 2008 3:14pm
Lilmoe,
it was nice day to trade due to your help. Thanks to people like YOU who share knowledge.
Good night, I go to study.
Quoting lilmoe
yep, that's a bullish HD

sorry i didn't see ur post, it played out nicely.
  • #155
  • Nov 24, 2008 3:58pm Nov 24, 2008 3:58pm
Lilmoe, a big thank you. Keep up the good work man. It's amazing how powerful your system is, you're a genius!
Learning never ends.
  • #156
  • Nov 24, 2008 3:59pm Nov 24, 2008 3:59pm
Quoting capetown
Lilmoe,
it was nice day to trade due to your help. Thanks to people like YOU who share knowledge.
Good night, I go to study.
no problem

have a nice one, and good luck with ur studies
  • #157
  • Nov 24, 2008 4:01pm Nov 24, 2008 4:01pm
Quoting kbrown
Lilmoe, a big thank you. Keep up the good work man. It's amazing how powerful your system is, you're a genius!
  • #158
  • Nov 24, 2008 4:28pm Nov 24, 2008 4:28pm
Quoting lilmoe
hope u got that one crispin
Sure did Back in London session, to play again.

Thanks Lilmoe
  • #159
  • Nov 24, 2008 5:14pm Nov 24, 2008 5:14pm
Quoting lilmoe
OK...

NOW, let's take a look here at what we got. bullish divergence on CCI, and an IDENTICAL 3 hit pattern of the lows with the 3rd hit making a lower low but failing to close below it!

now now now, if we get a close above the descending green TL, u know what's up right??? daily 50ema or at least somewhere close to it.

but again here's the daily chart, i'm almost postive this will start heading up, the big grean marked area is where i predict price to head. now don't go going off on me karmo and scrat, but if we break out of that Trendline,...

something i said 3 days ago. charts don't lie

NOW, Daily TL is broken is officially broken, and we should be heading higher towards 50% fibo (@ 151.42 or 61.8 at 154.66) at the least tuesday (today). CCI30 is well above the -100 line, so yes, that's a true breakout

i believe we should retrace a bit for now, and MAYBE we might retest that broken TL back at 144-145 before another push upwards.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_daily_descending_tl.gif Size: 13 KB


m15 and m30 have been rising in an ascending line without a single break since 141.60. there's already a bearish divergence present on those charts which might yield 50ema if that TL is broken. stop m30 50ema. which are is a potential target to add more longs.

we have 2 MACD bottoms on m15 with the first at 141.60 and the second one when price dipped to 145.86, this means that the low of 145.86 should be taken out for a bullish HD on m15 to be valid (if we retrace from here). m15 50ema is already below that level as of now, which gives it a SMALLER chance to HOLD.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_m15_rising_tl.gif Size: 14 KB


HOWEVER, we have only 1 bottom on m30's MACD, which makes a bullish HD valid even if price dipped as low as 141.60 (but not taking it out. i think reach there is hardly possible at the moment) m30 50ema SHOULD hold, and i believe it will hold. i'll be looking to add more longs from there.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_m30_rising_tl.gif Size: 14 KB
  • #160
  • Nov 24, 2008 5:55pm Nov 24, 2008 5:55pm
Quoting lilmoe
something i said 3 days ago. charts don't lie

NOW, Daily TL is broken is officially broken, and we should be heading higher towards 50% fibo (@ 151.42 or 61.8 at 154.66) at the least tuesday (today). CCI30 is well above the -100 line, so yes, that's a true breakout

i believe we should retrace a bit for now, and MAYBE we might retest that broken TL back at 144-145 before another push upwards.

Attachment

m15 and m30 have been rising in an ascending line without a single break since 141.60. there's already a bearish divergence...

plan:

i will try to buy m15 50ema (in confluence with 1h gann), with a tight SL. if it doesn't work then i'll try m30 50ema with a wider SL
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