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Lilmoe's Trading System and Analysis

  • #241
  • Nov 26, 2008 3:54am Nov 26, 2008 3:54am
Thanks, my entry was at 146.72
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  • #242
  • Nov 26, 2008 4:02am Nov 26, 2008 4:02am
Quoting johninthai
Thanks, my entry was at 146.72
it seems like the DP i have on my platform is holding price from going up.

that's a good example of why i should wait for price to close above all DPs of all Platforms, looool....
  • #243
  • Nov 26, 2008 4:04am Nov 26, 2008 4:04am
DP on mine is 146.55 FXDD.
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  • #244
  • Nov 26, 2008 4:04am Nov 26, 2008 4:04am
Quoting lilmoe
it seems like the DP i have on my platform is holding price from going up.

that's a good example of why i should wait for price to close above all DPs of all Platforms, looool....
yep... looks tough.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_m15_signal.gif Size: 16 KB
  • #245
  • Nov 26, 2008 4:04am Nov 26, 2008 4:04am
Quoting johninthai
DP on mine is 146.55 FXDD.
i attached a chart, check it out.
  • #246
  • Nov 26, 2008 4:05am Nov 26, 2008 4:05am
ok thanks will do, might it be a good idea to put SL a bit below Gann since Gann tends to act as support?
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  • #247
  • Nov 26, 2008 4:08am Nov 26, 2008 4:08am
Quoting johninthai
ok thanks will do, might it be a good idea to put SL a bit below Gann since Gann tends to act as support?
i put mine 15 pips below m30 50ema, it all depends on the size of your trade, and how much u're willing to risk...
  • #248
  • Nov 26, 2008 4:10am Nov 26, 2008 4:10am
yep, sounds ok to me.
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  • #249
  • Nov 26, 2008 4:11am Nov 26, 2008 4:11am
Quoting lilmoe
yes it should ultimately seek 50ema give or take a couple hundred pips. check out page 2 or 3 of this thread, i talked about that daily setup over the weekend.

here's the bullish HD i was telling him about..... i suggest reading more about hidden divergence.

Attachment
I need to. Thanks!!
  • #250
  • Nov 26, 2008 4:16am Nov 26, 2008 4:16am
Quoting gadawg
I need to. Thanks!!
i posted a link 3 or 4 posts back with some materials on divergence, check it out.
  • #251
  • Nov 26, 2008 4:18am Nov 26, 2008 4:18am
that was a long scalp off of m15 50ema with a bullish HD on m5 and price a bit below m5 50ema.... anyone got it?

edit: target was m15 5sma, and m1 50ema, 30 pip scalp.
  • #252
  • Nov 26, 2008 4:21am Nov 26, 2008 4:21am
Quoting lilmoe
that was a long scalp off of m15 50ema with a bullish HD on m5 and price a bit below m5 50ema.... anyone got it?
I saw it, but did not trade it, was thinking we'd need to see a close at least above 5min 50ema/DP ?
  • #253
  • Nov 26, 2008 4:22am Nov 26, 2008 4:22am
long from 5m 50 ema with bullish HD, 50 pip stop
  • #254
  • Nov 26, 2008 4:28am Nov 26, 2008 4:28am
Quoting Crispin
I saw it, but did not trade it, was thinking we'd need to see a close at least above 5min 50ema/DP ?
no no, no need for that when the conditions are met.

the bullish HD was still valid even when we're below 50ema on the 5m chart. the rule states that price should reverse when it touches the higher TF's gann line. which it did

i took profit on that one at the confluence of 1m 50ema and 15m 5sma, because there was a bearish HD on 1m...

not only does hidden divergence and 50ema give u a signal to enter, it also gives u a signal to exit. and the bearish HD on 1m was my signal to exit that long scalp, or at least take partial profit...

makes sense??

by the way, i'm cutting my loss on that 15m long swing signal, i'll wait for a better setup.

note: when the market is "Trending" 15m and below swing signals are more reliable than in a ranging market like this one
  • #255
  • Nov 26, 2008 4:30am Nov 26, 2008 4:30am
i know i'm overloading u guys with info, but it's for the best

i've worked so hard on filtering bad signals. i'll create a word document listing all the rules and conditions again in a more complete manner
  • #256
  • Nov 26, 2008 4:30am Nov 26, 2008 4:30am
Lilmoe, can we use this strategy on EY too?
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  • #257
  • Nov 26, 2008 4:35am Nov 26, 2008 4:35am
Quoting lilmoe
i've worked so hard on filtering bad signals. i'll create a word document listing all the rules and conditions again in a more complete manner

  • #258
  • Nov 26, 2008 4:45am Nov 26, 2008 4:45am
Quoting lilmoe
that was a long scalp off of m15 50ema with a bullish HD on m5 and price a bit below m5 50ema.... anyone got it?

edit: target was m15 5sma, and m1 50ema, 30 pip scalp.
Didn't even look at the 1m chart

Was expecting the 5m bullish HD to at least test DP again.

Out for +10.

Watch the price go up to DP now I'm out

Will wait for price to close above DP or hit 1hr 50ema
  • #259
  • Nov 26, 2008 4:50am Nov 26, 2008 4:50am
Quoting johninthai
Lilmoe, can we use this strategy on EY too?
test it out for a couple of days before hand...

this system works BEST for cable and GJ. i don't ee why it shouldn't work for EJ
  • #260
  • Nov 26, 2008 4:51am Nov 26, 2008 4:51am
Quoting NuckingFuts
Didn't even look at the 1m chart

Was expecting the 5m bullish HD to at least test DP again.

Out for +10.

Watch the price go up to DP now I'm out

Will wait for price to close above DP or hit 1hr 50ema
if u have multiple screens, it's always best to keep all TFs open in small windows, once u get used to it, it'll become really easy to look at all of them in a glimps
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