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Lilmoe's Trading System and Analysis

  • #201
  • Nov 25, 2008 12:06pm Nov 25, 2008 12:06pm
Quoting mike1349
Hi Lilmo,
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

yes, you're correct. usually when we have a breakout after a bullish divergence, 50ema of that particular timeframe should be the target. we also have a close above daily gann
  • #202
  • Nov 25, 2008 12:21pm Nov 25, 2008 12:21pm
Quoting balajis
Dear bro lilmoe

Thanks a lot for ur reply bro. I too think it is going to be range bound market for some time without clear breakouts. I am thinking of putting 151 for the long and 142 for the shorts. Is it good as per your just your opinion bro

balaji
i would start shorting this down if we break below 141.60 downwards, otherwise i still believe this is going up.

if u think GJ is a bit hard to trade bro, try cable.... i'm going to buy all cable dips till we get to 1.65
  • #203
  • Nov 25, 2008 12:33pm Nov 25, 2008 12:33pm
Anyone see the bullish HD on 15mins with a close above Gann and CCI ??

Also a valid 30min long signal
  • #204
  • Nov 25, 2008 12:40pm Nov 25, 2008 12:40pm
Ha Ha

+150 gy TF 5 minute waiting in TF 1 for exit
  • #205
  • Nov 25, 2008 12:45pm Nov 25, 2008 12:45pm
Quoting Crispin
Anyone see the bullish HD on 15mins with a close above Gann and CCI ??

Also a valid 30min long signal
we're still less than 100 pips away from a strong s/r level at 148

wait for it to close above there and go long after a valid pullback
  • #206
  • Nov 25, 2008 12:48pm Nov 25, 2008 12:48pm
Quoting lilmoe
we're still less than 100 pips away from a strong s/r level at 148

wait for it to close above there and go long after a valid pullback
Damm, forgot that rule again - lol Thanks
  • #207
  • Nov 25, 2008 3:18pm Nov 25, 2008 3:18pm
Hi

Is the attached chart a valid signal?
Checked the 1H TF and CCI is above 100 but pointing down.

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 15 KB
  • #208
  • Nov 25, 2008 3:39pm Nov 25, 2008 3:39pm
Quoting Pirabuji
Hi

Is the attached chart a valid signal?
Checked the 1H TF and CCI is above 100 but pointing down.

Thanks,
For me on this trade, 5,15 and 30mins were all showing bearish divergence - plus the 30 min reversal candle.

Was great for 50+ pips
  • #209
  • Nov 25, 2008 3:44pm Nov 25, 2008 3:44pm
Thanks to Lilmoe I was able to generate +300 Pip using time frame 5 minutes and exit based on time frame 1 Minute

CCI 30 is a great tool for executing the trade. Next week I am going live buy
using small value contracts
  • #210
  • Nov 25, 2008 3:51pm Nov 25, 2008 3:51pm
Quoting harigp
Thanks to Lilmoe I was able to generate +300 Pip using time frame 5 minutes and exit based on time frame 1 Minute

CCI 30 is a great tool for executing the trade. Next week I am going live buy
using small value contracts
Excellent, well done.
Great week for me too using this method and it's only Tue.
  • #211
  • Nov 25, 2008 4:42pm Nov 25, 2008 4:42pm
Quoting Pirabuji
Hi

Is the attached chart a valid signal?
Checked the 1H TF and CCI is above 100 but pointing down.

Thanks,
sorry i was away...

it wasn't a valid signal nor an entry, because we were close to a strong level of resistance. and even if we were not close, ur entry was a bit late. u should enter when u first get the signal, not 3 candles later...
  • #212
  • Nov 25, 2008 4:59pm Nov 25, 2008 4:59pm
Quoting harigp
Thanks to Lilmoe I was able to generate +300 Pip using time frame 5 minutes and exit based on time frame 1 Minute

CCI 30 is a great tool for executing the trade. Next week I am going live buy
using small value contracts
great job bro

more green pips to all!
  • #213
  • Nov 25, 2008 5:03pm Nov 25, 2008 5:03pm
Hi moe I'm new here but has been lurking around at aus thread for months until you've decided to post your strategy, it really helps alot into understand the system by reading your thead.

Anyay I got a curious question here, do you consider those daily r1,r2..s1,s2..etc to be a good s/r you've mention earlier? Or a s/r line created physically by looking at prices to be more importance?
  • #214
  • Nov 25, 2008 5:14pm Nov 25, 2008 5:14pm
Quoting FXSponge
Hi moe I'm new here but has been lurking around at aus thread for months until you've decided to post your strategy, it really helps alot into understand the system by reading your thead.

Anyay I got a curious question here, do you consider those daily r1,r2..s1,s2..etc to be a good s/r you've mention earlier? Or a s/r line created physically by looking at prices to be more importance?
welcome to the thread

that's a very good question indeed, and something that has been on my mind lately.

before this fall started back above 200, GJ used to respect these levels more frequently. however, after those massive selloffs and retracements, we see them respected less frequently. this is due to major moves being more dominant and stronger.

either way, i would personally advise using fibo expansions and fibo retracement levels. those have rendered better results. if, however, a manually drawn s/r level is in confluence with a pivot level, it would make it stronger and more worthy of your attention.

hope this helps.
  • #215
  • Nov 25, 2008 5:18pm Nov 25, 2008 5:18pm
Quoting lilmoe
welcome to the thread

that's a very good question indeed, and something that has been on my mind lately.

before this fall started back above 200, GJ used to respect these levels more frequently. however, after those massive selloffs and retracements, we see them respected less frequently. this is due to major moves being more dominant and stronger.

either way, i would personally advise using fibo expansions and fibo retracement levels. those have rendered better results. if, however, a manually drawn s/r level is in confluence with a pivot...
forgot to note that the daily pivot point is most certainly a VERY strong S/R level, and it will always be

different platforms have different daily candle closing times. therefore the pivot point can differ significantly. most of the time, it should be close.

most of the time, the difference is minimum when it comes to calculating the daily pivot, HOWEVER, daily support and resistance may very by a far margin, that's due to he way it's calculated. so, let's say that ur platform's daily pivot differs from mine by 5 pips, our daily s1 might have a 30-40 pip difference. that makes the daily pivot more reliable.

hope that makes sense.
  • #216
  • Nov 25, 2008 5:24pm Nov 25, 2008 5:24pm
Thanks it helps greatly, It bugs me abit when daily s/r lines doesnt quite matches the PA, thanks for explaining on that.

I havent got a hang on fibo though, those I've drawn myself dont always tally with the experts here thus denting my confidence abit on it abit, still learning.

Road leading me to green pips I hope XD
  • #217
  • Nov 25, 2008 5:51pm Nov 25, 2008 5:51pm
Quoting FXSponge
Thanks it helps greatly, It bugs me abit when daily s/r lines doesnt quite matches the PA, thanks for explaining on that.

I havent got a hang on fibo though, those I've drawn myself dont always tally with the experts here thus denting my confidence abit on it abit, still learning.

Road leading me to green pips I hope XD
i would really suggest picking a book off the shelf about fibos. true, plotting them might be a bit confusing for a newcomer, but it will get easier by time.
  • #218
  • Edited 6:45pm Nov 25, 2008 6:27pm | Edited 6:45pm
Lilmoe, take a look at 15M, do you think it have to ready to short (for scalp)?
and check 5M

thanks


EDIT: ooopss.. lucky i didnt take that short, should learn more
  • #219
  • Nov 25, 2008 6:58pm Nov 25, 2008 6:58pm
Quoting Fiesta_id
Lilmoe, take a look at 15M, do you think it have to ready to short (for scalp)?
and check 5M

thanks


EDIT: ooopss.. lucky i didnt take that short, should learn more

post me a chart where u thought there might be one...
  • #220
  • Nov 25, 2008 7:20pm Nov 25, 2008 7:20pm
at that time, was like this chart..
Attached Image (click to enlarge)
Click to Enlarge Name: 15m lilmoe chart.gif Size: 23 KB
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