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Lilmoe's Trading System and Analysis

  • #341
  • Nov 28, 2008 7:41am Nov 28, 2008 7:41am
Quoting lilmoe
halaaaaaaaaaaaaaaaaaaaaaaa


weinak ya zalameh? shaf meen 3ashak

that's my version of shawarma reem
wella koss o5t reem, fares azka
haha!! .. wala hoon o hnak ya bro, you know im done with my broker and had some exams to finish but now im ready, i just need to demo alil bit because i wasnt that profitable on real account
I recommend you read something else as this sentence is now concluded.
  • #342
  • Nov 28, 2008 7:25pm Nov 28, 2008 7:25pm
Hey people,

I found a bug in Que's Gann_HiLo_Activator_v2, it wasn't flipping correctly on some bars.

See my posts:

http://www.forexfactory.com/showpost...stcount=144098
http://www.forexfactory.com/showpost...stcount=144123

I have made one myself, exactly like Que's but it now flips on the right bar.

I have changed the lilmoe.mq4 indi to use this new gann instead. You can just change the GannFile setting to "Gann_HiLo" in the original (make sure you put the new gann file Gann_HiLo.mq4 in your experts/indicators folder )
Attached File(s)
File Type: mq4 Gann_HiLo.mq4   2 KB | 395 downloads
File Type: mq4 lilmoe.mq4   5 KB | 407 downloads
  • #343
  • Nov 29, 2008 12:51pm Nov 29, 2008 12:51pm
Hey!

Which trading platform are you using. Because I use Tradeport, which is licenced platform of Saxo bank's platform, which has not have Gann Hillo Activator.

Tnx.
  • #344
  • Nov 30, 2008 8:06am Nov 30, 2008 8:06am
Lilmoe,
As you pointed out, my 5min gann system is so similar to yours, that I have now implemented the macd divergence, cci etc. So, i'm essentially trading your system now. (divergences...doh!)

Question: do you use macd for divergence only? Would you, for example, enter a long while the macd is still on the downside?
  • #345
  • Nov 30, 2008 12:41pm Nov 30, 2008 12:41pm
I want u or anyone else to help check this hidden bearish divergence on the daily tf chart of cable(gbp/usd).

I will be glad if the responce is faster.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 42 KB
  • #346
  • Nov 30, 2008 2:46pm Nov 30, 2008 2:46pm
Quoting hiswords
I want u or anyone else to help check this hidden bearish divergence on the daily tf chart of cable(gbp/usd).

I will be glad if the responce is faster.
Thanks
Looks like hidden bearish div to me too.
Anyone else, please weigh in.
  • #347
  • Nov 30, 2008 3:03pm Nov 30, 2008 3:03pm
Quoting Petefaders
Lilmoe,
As you pointed out, my 5min gann system is so similar to yours, that I have now implemented the macd divergence, cci etc. So, i'm essentially trading your system now. (divergences...doh!)

Question: do you use macd for divergence only? Would you, for example, enter a long while the macd is still on the downside?
hey there,

sorry, i JUST logged in... was out all night and just came back home

there are many oscillators/indicators you can use for spotting divergence. i personally use the provided version of MACD, it gives better and early signals for both classic and hidden divergence. i use CCI30, however, only for classic divergence because it doesn't work that great for hidden divergence (or as per my own experience, i could be wrong).

hidden divergence is the complete opposite of classic divergence. it basically means that price is "rushing" towards OB levels in a bear trend retracement, or rushing towards OS levels in a bullish trend retracement (according to the TF of course). CCI 30 (and that's for period 30 alone) breakouts over/below the 100/-100 line dont necessarily mean OB/OS levels, it simply means that price has "borken out" a level that would be considered either a reversal or a continuation of the previous trend.

hope that makes sense
  • #348
  • Nov 30, 2008 3:14pm Nov 30, 2008 3:14pm
Quoting hiswords
I want u or anyone else to help check this hidden bearish divergence on the daily tf chart of cable(gbp/usd).

I will be glad if the responce is faster.
Thanks
hey there, sorry again for the late reply, i got your PM

yes, that's absolutely what it looks like. it's a hidden divergence, and it's a bearish one to be exact.

the usual target of the bullish divergence prior that one, which led to that recent upmove, was 50ema. HOWEVER, 50ema is far from being reached at the moment. which keeps me wondering. we MIGHT range for another while until 50ema gets closer, SPIKE up there, and reverse the very same day. OR, we might head down from now.

the daily reading of cable's MACD (in your chart) is very high (or - overbought in other terms); the very definition of hidden bearish divergence.

we have seen a VERY similar instance where the same has happened before price reached anywhere close to 50ema; and that is on cable's (GU's) 4h chart. where cable ranged for a good while when it reached 1.52 on the 24th while retracing from its low of 1.45. at that instance, cable ranged for about 12 4h candles before spiking up and hitting 50ema (The same happend with GJ) and reversing from there to make new lows.

this is just an observation, it's not a rule. i'm basing my prediction on previous behavior (history).

the rest is up to price of course, which can prove me wrong.
  • #349
  • Nov 30, 2008 3:14pm Nov 30, 2008 3:14pm
Quoting lilmoe
hey there,

sorry, i JUST logged in... was out all night and just came back home

there are many oscillators/indicators you can use for spotting divergence. i personally use the provided version of MACD, it gives better and early signals for both classic and hidden divergence. i use CCI30, however, only for classic divergence because it doesn't work that great for hidden divergence (or as per my own experience, i could be wrong).

hidden divergence is the complete opposite of classic divergence. it basically means that price is "rushing"...
It made sense after the 4th read lol. For some reason I am having trouble wrapping my brain around divergences..I can spot them, but still using a cheat sheet with pictures. Thanks for the response!
  • #350
  • Nov 30, 2008 3:18pm Nov 30, 2008 3:18pm
Bullish HD on 15m,
Price broke above gann,
Broke CCI 0

Valid Long?
Attached Image (click to enlarge)
Click to Enlarge Name: hd.gif Size: 23 KB
  • #351
  • Nov 30, 2008 3:19pm Nov 30, 2008 3:19pm
Quoting Petefaders
It made sense after the 4th read lol. For some reason I am having trouble wrapping my brain around divergences..I can spot them, but still using a cheat sheet with pictures. Thanks for the response!
lol, i'm glad it finally did.

divergence might seem a bit easy at first, but mastering it is a VERY powerful add-on to your system. this IS how i filtered out bad trades from my strategy. My observation of the relationship between divergence and 50ema came as mere coincidence, call it luck. lol.

i suggest reading more advanced topics about divergence. KNOWING what it means can also add to your skill and help you better understand how the PA really works.

i've seen lots of traders on auslanco's thread make terrible mistakes in trades because they didn't have a good feel of divergence.

believe me, it HELPS.
  • #352
  • Nov 30, 2008 3:23pm Nov 30, 2008 3:23pm
Quoting Skyhawks
Bullish HD on 15m,
Price broke above gann,
Broke CCI 0

Valid Long?
now this is a bit strange, my platformed started ticking 1 hour and 20 mins ago. but i still don't see the same divergence u're talking about. i even switched to the same MACD settings as urs....

here's a small bit of advice, DON'T trade the first setup u get on sunday's market open, they are usually BAD trades caused by even the smallest gaps, especially on m30 and below TFs.

here's how my chart looks like.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_m15_market_open.gif Size: 19 KB
  • #353
  • Nov 30, 2008 3:28pm Nov 30, 2008 3:28pm
yea that is weird..

Thanks for the advice, will be looking forward to post more charts in the future and asking for more of your advice =)
  • #354
  • Nov 30, 2008 3:45pm Nov 30, 2008 3:45pm
Quoting Skyhawks
yea that is weird..

Thanks for the advice, will be looking forward to post more charts in the future and asking for more of your advice =)
no problem big guy... i've been "fooled" by lots of first setups when market opens after the weekend.

trade well!
  • #355
  • Nov 30, 2008 4:00pm Nov 30, 2008 4:00pm
Hi Lilmo,
Hope you had a nice weekend.

I was wondering could we call this Bullish HD?

Regards
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: lilmo.gif Size: 35 KB
Failure, is a wonderful teacher!
  • #356
  • Nov 30, 2008 4:16pm Nov 30, 2008 4:16pm
Quoting mike1349
Hi Lilmo,
Hope you had a nice weekend.

I was wondering could we call this Bullish HD?

Regards
Mike
hey mike, yep my weekend was great thank for asking.

yep, that sure is a bullish HD, and since it formed when price was below m15 50ema AND m30 gann, then we should reverse when we touch 1h gann according to my system. and that's close to 146.20

this is the 1st setup on my chart after market open (it's probably the 2nd on some of urs), i don't usually take first setups on market open after a weekend, it's just a small precaution.
  • #357
  • Nov 30, 2008 4:19pm Nov 30, 2008 4:19pm
Quoting TomLeeChan
Hey!

Which trading platform are you using. Because I use Tradeport, which is licenced platform of Saxo bank's platform, which has not have Gann Hillo Activator.

Tnx.
we use mt4. i'm not sure if our indicators are available for your platform.

you might want to consider charting my system on a mt4 platform, while placing your trades on saxo bank's.
  • #358
  • Nov 30, 2008 4:20pm Nov 30, 2008 4:20pm
Quoting NuckingFuts
Hey people,

I found a bug in Que's Gann_HiLo_Activator_v2, it wasn't flipping correctly on some bars.

See my posts:

http://www.forexfactory.com/showpost...stcount=144098
http://www.forexfactory.com/showpost...stcount=144123

I have made one myself, exactly like Que's but it now flips on the right bar.

I have changed the lilmoe.mq4 indi to use this new gann instead. You can just change the GannFile setting to "Gann_HiLo" in the original (make sure you put the new gann file Gann_HiLo.mq4 in your...
actually, i HAVE, seen that bug LOTS of times before, but it's nice to have someone who actually fixed it for us

thanks bro
  • #359
  • Nov 30, 2008 4:28pm Nov 30, 2008 4:28pm
Quoting lilmoe
actually, i HAVE, seen that bug LOTS of times before, but it's nice to have someone who actually fixed it for us

thanks bro
No probs bud.

Not sure how it would have affected things in the long run, but I guess it's gotta make some difference. Even if it's an earlier entry or exit, it all adds up to pips, green or red
  • #360
  • Nov 30, 2008 4:42pm Nov 30, 2008 4:42pm
Quoting NuckingFuts
No probs bud.

Not sure how it would have affected things in the long run, but I guess it's gotta make some difference. Even if it's an earlier entry or exit, it all adds up to pips, green or red

i concur
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