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Lilmoe's Trading System and Analysis

  • #481
  • Dec 3, 2008 6:49am Dec 3, 2008 6:49am
Quoting Crispin
yeah, I am waiting for the 15mins bearish HD to play, we already bounced from 30mins Gann, but I'll wait for a close below 5mins Gann and LTL to be sure.

What dya think bro ?

also notice how the previous CCI trendline is acting as resistance
  • #482
  • Dec 3, 2008 6:49am Dec 3, 2008 6:49am
Quoting lilmoe
my system works on pretty much everything

and yes i also took a short at m5 50ema

also added another short at m30 gann
bro, a Question? when you have a breakout on CCI like this, how do you confirm the Breaks ??


http://www.doske.com/fx/snapshot-305.png
  • #483
  • Dec 3, 2008 6:49am Dec 3, 2008 6:49am
Quoting Piters
momentum and PA.

FIBO 382, and I am expecting some movement to DOWN side. let's play
i'm with u bro
  • #484
  • Dec 3, 2008 7:06am Dec 3, 2008 7:06am
Quoting Piters
bro, a Question? when you have a breakout on CCI like this, how do you confirm the Breaks ??

since it broke out, we need a close below the 0 line (because that's the level it was above before the breakout) to confirm it

we still didn't get that, so that breakout wasn't confirmed.
  • #485
  • Dec 3, 2008 7:09am Dec 3, 2008 7:09am
Quoting lilmoe
since it broke out, we need a close below the 0 line (because that's the level it was above before the breakout) to confirm it

we still didn't get that, so that breakout wasn't confirmed.
was thinking the same. still, not much buying, as a ADP report is on 5 min

btw, mom, remain on 0 line... so it is a momentum Bearish Divergence
  • #486
  • Dec 3, 2008 7:10am Dec 3, 2008 7:10am
ope the news will break it all the way to hell..like Karmo say
Quoting lilmoe
since it broke out, we need a close below the 0 line (because that's the level it was above before the breakout) to confirm it

we still didn't get that, so that breakout wasn't confirmed.
  • #487
  • Dec 3, 2008 7:12am Dec 3, 2008 7:12am
Quoting lilmoe
since it broke out, we need a close below the 0 line (because that's the level it was above before the breakout) to confirm it

we still didn't get that, so that breakout wasn't confirmed.
So they same thought of thing that happened this morning. ?? CCI TL broke out and then closed below -100
Attached Image (click to enlarge)
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  • #488
  • Dec 3, 2008 7:32am Dec 3, 2008 7:32am
Quoting Crispin
So they same thought of thing that happened this morning. ?? CCI TL broke out and then closed below -100
yep, u sell at the breakout, AND the retest

just like u'd do with price.
  • #489
  • Dec 3, 2008 7:46am Dec 3, 2008 7:46am
added another short at 1m 50ema
  • #490
  • Dec 3, 2008 9:28am Dec 3, 2008 9:28am
Quoting lilmoe
added another short at 1m 50ema
Sorry Lilmo.May I ask you why.I don't see any bearish divergences.

I know it's hard,but would you please put some charts when you get a chance.

I am still reading and sometimes I really get lost in switching between here and my charts to see what you say


Mike
Failure, is a wonderful teacher!
  • #491
  • Dec 3, 2008 10:14am Dec 3, 2008 10:14am
Quoting mike1349
Sorry Lilmo.May I ask you why.I don't see any bearish divergences.

I know it's hard,but would you please put some charts when you get a chance.

I am still reading and sometimes I really get lost in switching between here and my charts to see what you say


Mike
lol, it's ok, that short was long closed and gone by now.... i reshorted at m30 50ema i'll post 2 charts, 1 for the setup u were asking about, and another for the current setup.

here's the old one for 1m chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gj_1m_setup.gif Size: 13 KB


here's the current M30 setup.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_m30_setup.gif Size: 12 KB
  • #492
  • Dec 3, 2008 10:27am Dec 3, 2008 10:27am
Thanks Lilmo, BIG HELP


Mike
Failure, is a wonderful teacher!
  • #493
  • Dec 3, 2008 10:31am Dec 3, 2008 10:31am
Quoting mike1349
Thanks Lilmo, BIG HELP


Mike
did u catch that short off m30 50ema??
  • #494
  • Dec 3, 2008 10:42am Dec 3, 2008 10:42am
Ok Lilmo,

I've had this question for a long time.I tried to find my answer but NO RESULT!!


Sorry if it's a dumb question but it's killing me.

It is about the TL you draw.I used Photoshop to explain it better.
In the 2nd chart how you draw that green tl?

Do you wait for a bounce of 50?If so then you couldn't put a sell stop on 50 ema.you had to wait for the bounce.

My question is how you know that the below chart wouldn't happen and you wouldn't get the HH in price.

I hope you understand what I mean.

Thanks
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: lilmo.gif Size: 12 KB
Failure, is a wonderful teacher!
  • #495
  • Dec 3, 2008 10:51am Dec 3, 2008 10:51am
Quoting mike1349
Ok Lilmo,

I've had this question for a long time.I tried to find my answer but NO RESULT!!


Sorry if it's a dumb question but it's killing me.

It is about the TL you draw.I used Photoshop to explain it better.
In the 2nd chart how you draw that green tl?

Do you wait for a bounce of 50?If so then you couldn't put a sell stop on 50 ema.you had to wait for the bounce.

My question is how you know that the below chart wouldn't happen and you wouldn't get the HH in price.

I hope you understand what I mean.

Thanks
Mike

Hey Mike,

The thing here is that usually when a HD is present, it will bounce off the higher TF's Gann - which is exactly what this did - just before it flipped down..

This is how I have been trading these all day.... If I see a hidden bearish diverg on say the 15 min chart - I'll check the 30 min chart and the price should bounce from it's Gann

Hope this helps ? I can try to post an example if you want

Edit: Charts posted

Ok I know it looks messy, but if you look at the 2nd chart it shows bearish HD on 5mins. Lilmoe's rules state that price should always bounce from the higher TF's Gann. As it did in the 1st picture 15mins
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ScreenShot15.gif Size: 25 KB
  • #496
  • Edited 11:55am Dec 3, 2008 11:21am | Edited 11:55am
Thank you so much.

So you mean for that M30 setup which Lilmo posted he already seen a Bearish HD in M15 and then set a sell stop on M30 50 ema or Gann?


Regards
Mike
Failure, is a wonderful teacher!
  • #497
  • Dec 3, 2008 11:24am Dec 3, 2008 11:24am
Quoting mike1349
Thank you so much.

So you mean for that M30 setup which Lilmo posted he already seen a Bearish HD in M!% and then set a sell stop on M30 50 ema or Gann?


Regards
Mike
On the M30 chart lilmoe posted, price bounced down right off the 1hr Gann ( just before it flipped )
  • #498
  • Dec 3, 2008 11:57am Dec 3, 2008 11:57am
Quoting Crispin
On the M30 chart lilmoe posted, price bounced down right off the 1hr Gann ( just before it flipped )
Thanks Crispin,
I have to run to work.

Could you please do me a huge favor.When you see a HD and setting a pending sell or buy on the higher TF Gann or 50 ema ,post it here.

I mean posting a chart live not after fact.Just one or two is enough.

it would be kind of you.

Thanks again
Mike
Failure, is a wonderful teacher!
  • #499
  • Dec 3, 2008 12:11pm Dec 3, 2008 12:11pm
Quoting mike1349
Thanks Crispin,
I have to run to work.

Could you please do me a huge favor.When you see a HD and setting a pending sell or buy on the higher TF Gann or 50 ema ,post it here.

I mean posting a chart live not after fact.Just one or two is enough.

it would be kind of you.

Thanks again
Mike
Sure thing mate, I'll try to. I'm in the office now for the next 2 days, so there'll be now trading for me, so see you next week
  • #500
  • Dec 3, 2008 12:33pm Dec 3, 2008 12:33pm
Quoting mike1349
Thanks Crispin,
I have to run to work.

Could you please do me a huge favor.When you see a HD and setting a pending sell or buy on the higher TF Gann or 50 ema ,post it here.

I mean posting a chart live not after fact.Just one or two is enough.

it would be kind of you.

Thanks again
Mike
but but but, i DID post that m30 hart before it played out, lol.

take care bro.
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