Lilmoe's Trading System and Analysis
- #181
- Nov 25, 2008 9:21am Nov 25, 2008 9:21am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #183
- Nov 25, 2008 9:29am Nov 25, 2008 9:29am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
aren't u on fire today bro!!
BTW, GU is on monthly TL ( retesting, penetrated and now testing again) and DR1
UY is on DS1
temp bounce but still down
- #184
- Nov 25, 2008 9:35am Nov 25, 2008 9:35am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Crispin apply your system very well, I should do that..!
Lilmoe.. what is your bias now, is it still Long bias?
just keep watching it for a while before u make any trades, and try to confirm ur entries with me. and after u get a grasp of it, u can go on alone
- #187
- Nov 25, 2008 9:38am Nov 25, 2008 9:38am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Crispin apply your system very well, I should do that..!
Lilmoe.. what is your bias now, is it still Long bias?
) but this still can go either way.bullish HD on the 1h chart worked out well, i didn't get the bottom, but it's all good
even i don't get every move, so there's no reason you should, get what u can, and try to go for the easiest and more obvious ones.
i AM worried about that 1h pinbar though, it might dictate the next direction (down), i'll wait for a close below 1h gann first.
- #188
- Nov 25, 2008 9:42am Nov 25, 2008 9:42am
hey, it's not hard at all
just keep watching it for a while before u make any trades, and try to confirm ur entries with me. and after u get a grasp of it, u can go on alone
I still have much time to learn
- #190
- Nov 25, 2008 9:44am Nov 25, 2008 9:44am
Thanks man, it's opened my eyes up so much to what is on the charts.
I've made more pips in 2 days than I would normally hope for in 2 weeks.
Amazing - still getting a feel for it, but it's a good start indeed.
- #191
- Nov 25, 2008 10:06am Nov 25, 2008 10:06am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #192
- Nov 25, 2008 10:07am Nov 25, 2008 10:07am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
by the way, i'm short off m5 gann with a bearish HD on 1m chart and price over 50ema (rule4 again)
rest at b/e
- #193
- Nov 25, 2008 10:14am Nov 25, 2008 10:14am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
closed 1/2 for 50 pips
- #195
- Nov 25, 2008 10:18am Nov 25, 2008 10:18am
- Joined Apr 2007 | Status: Trader | 1,021 Posts
Failure, is a wonderful teacher!
- #196
- Nov 25, 2008 10:25am Nov 25, 2008 10:25am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Hi Guys,
What is TL, you keep making referece to it but I can't find it on the abbreviations on your first post.
Thanks,
i added it to the list of abbreviations
- #197
- Nov 25, 2008 10:37am Nov 25, 2008 10:37am
Trendline
i added it to the list of abbreviations
What is the trend as per you bro? I have both shorts and longs shorts at 146.5 and long at 147.5. What should be targets for both as per you? Thanks bro in advance and god bless
Balaji
- #198
- Nov 25, 2008 10:46am Nov 25, 2008 10:46am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #200
- Nov 25, 2008 11:29am Nov 25, 2008 11:29am
- Joined Apr 2007 | Status: Trader | 1,021 Posts
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...
I was reading your posts from the beginning.I came across to this post.
As you see price is closing above TL , Gann , -100 CCI Line and we have Bullish divergence .
So as you say in your post we should expect price to go around 50 ema in daily TF.
Am I right?
Thanks
Mike
Failure, is a wonderful teacher!