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  • #361
  • Nov 30, 2008 4:56pm Nov 30, 2008 4:56pm
Quoting lilmoe
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.
Thanks Lilmo,

Sorry, I don't get what do you mean by"then we should reverse when we touch 1h gann according to my system. and that's close to 146.20 "

Do you mean If we got a bounce of H1 Gann then we long?if yes you wait for closing of H1 candle?

I don't get it really.

Thank you again
Mike
Failure, is a wonderful teacher!
  • #362
  • Nov 30, 2008 6:55pm Nov 30, 2008 6:55pm
Hey lilmoe, is that a bullish divergence forming on h4, just above 50 ema, would this be a good entry long from your rules???
  • #363
  • Nov 30, 2008 7:31pm Nov 30, 2008 7:31pm
Quoting mike1349
Thanks Lilmo,

Sorry, I don't get what do you mean by"then we should reverse when we touch 1h gann according to my system. and that's close to 146.20 "

Do you mean If we got a bounce of H1 Gann then we long?if yes you wait for closing of H1 candle?

I don't get it really.

Thank you again
Mike
we should've bounced from 1h gann, u should go long when we touch it
but like i said, it's the beginning of the week, and the first signals are usually bad.
  • #364
  • Nov 30, 2008 7:32pm Nov 30, 2008 7:32pm
Quoting cullian
Hey lilmoe, is that a bullish divergence forming on h4, just above 50 ema, would this be a good entry long from your rules???
well it's kinda hard to say
the latest low we had was 139 on the 4h chart, we were kinda ranging afterwords, so i'm not sure about that setup.

normally yes, it would be a good long off 50ema.
  • #365
  • Nov 30, 2008 7:48pm Nov 30, 2008 7:48pm
Thanks Lilmo,

As you said when we are getting to 50 ema here in M5 ,we should look for Div.

Here I found a Bearish Classic Div.So I expected a bounce from 50 ema.

It Happened

Is my observation right?

Thanks
Mike
Attached Image (click to enlarge)
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Failure, is a wonderful teacher!
  • #366
  • Nov 30, 2008 8:04pm Nov 30, 2008 8:04pm
Quoting mike1349
Thanks Lilmo,

As you said when we are getting to 50 ema here in M5 ,we should look for Div.

Here I found a Bearish Classic Div.So I expected a bounce from 50 ema.

It Happened

Is my observation right?

Thanks
Mike
that was a bearish HD, FOLLOWED by a classic div. STRONG signal, and ur observation was great

but since it's a 5m chart, don't expect 100+ pips get half closed with u get 40 or a little more.
  • #367
  • Nov 30, 2008 8:17pm Nov 30, 2008 8:17pm
I see we have a close below 4hr gann, still has the 50ema to break yet.

Might look at a short from the 4hr 5sma, it has confluence (give or take 9-10 pips) with the 15m, 30m and 1hr 50 ema
  • #368
  • Nov 30, 2008 8:19pm Nov 30, 2008 8:19pm
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
You may notice that this gann hilo does not flip and carry on with the most recent/current bar. This is because it does not care about this bar as it has not closed yet. We're only concerned with the prior bar that has closed.
  • #369
  • Nov 30, 2008 9:11pm Nov 30, 2008 9:11pm
Is this a good short?

Bearish hd, expect bounce from CCI 0.

I'm still not quite sure when to trade divergences when I see them.
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  • #370
  • Nov 30, 2008 9:14pm Nov 30, 2008 9:14pm
Quoting NuckingFuts
You may notice that this gann hilo does not flip and carry on with the most recent/current bar. This is because it does not care about this bar as it has not closed yet. We're only concerned with the prior bar that has closed.
cool, i see that
  • #371
  • Nov 30, 2008 9:33pm Nov 30, 2008 9:33pm
Hey lilmoe, when you get multiple divergences on multiple timeframes, how do you know which to trade?
  • #372
  • Nov 30, 2008 9:46pm Nov 30, 2008 9:46pm
Quoting cullian
Hey lilmoe, when you get multiple divergences on multiple timeframes, how do you know which to trade?
smaller first, but the higher ones ultimately play out.
  • #373
  • Nov 30, 2008 10:47pm Nov 30, 2008 10:47pm
Hi guys,
I made about 80 pips trading the hidden bearish divergence i saw on cable,close 90% of my trade will let the remaining 10% run,I also observe now that we are about getting to short gj on 1 hr tf,the fisrt support that has been holding it is about been broken.
What will u say Lilmoe.
Attached Image (click to enlarge)
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  • #374
  • Nov 30, 2008 11:07pm Nov 30, 2008 11:07pm
Am presently short on gj,1 hr tf,will wnyone confirm the entry?
  • #375
  • Nov 30, 2008 11:15pm Nov 30, 2008 11:15pm
Quoting NuckingFuts
I see we have a close below 4hr gann, still has the 50ema to break yet.

Might look at a short from the 4hr 5sma, it has confluence (give or take 9-10 pips) with the 15m, 30m and 1hr 50 ema
bro, I replied to you on my thread. c'ya @ london Open
  • #376
  • Dec 1, 2008 12:31am Dec 1, 2008 12:31am
guys, what we had on the 4h chart wasn't a bullish HD. hidden divergence forms after a retracement of a particular TF's trend. 4h was ranging for a while, so and the previous MACD low was when price was at 139... not 144.60....

the REAL bullish HD just started to form. and it DID when price is currently below 4h gann. this gives us 2 possibilities of this to play out.

1) daily gann at 142.60
2) 61.8 retracement at 141.70

and yes, i'm planning to buy at these levels
  • #377
  • Edited 12:51am Dec 1, 2008 12:32am | Edited 12:51am
Quoting peace
Hi, hisword, I am totally newbie, but i saw bullish CD at 1M and 5 M. I am not sure I am seeing the right thing or not.

Regards
peace
no bullish divergence on 1m or 5m... we ARE currently about to form a bearish HD on the 1m chart, where another bounce from 1m 50ema (downwards) is possible, in other words: continuation.
  • #378
  • Dec 1, 2008 12:37am Dec 1, 2008 12:37am
GM lilmoe,

OK I took bearish HD off 5mins with close below Gann and CCI 100 @ 145.56 ish (7:50)

Rode it down about 130 pips and closed when we got to daily Gann

Great start to the week
  • #379
  • Dec 1, 2008 12:50am Dec 1, 2008 12:50am
Quoting Crispin
GM lilmoe,

OK I took bearish HD off 5mins with close below Gann and CCI 100 @ 145.56 ish (7:50)

Rode it down about 130 pips and closed when we got to daily Gann

Great start to the week
good job big guy! as usual! i took the last one when price touched m15 gann
  • #380
  • Dec 1, 2008 12:52am Dec 1, 2008 12:52am
Friend,
I can boldly say that ur system works more than 70% u proclaimed,I made a hell lots of pips just today trading ur system on my live trading account.I will advise everyone not to trade live account directly like me as i grab what the system is about early enof,thanks to the experience.
Lilmoe,u really are a genius
Good work there,i like ur system big time
Guyz i might be done for the day,meet my target and even went beyond it.Men i made cool dollars...........lol


Lilmoe,we need to talk ooooooooo,i really thank u
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