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Lilmoe's Trading System and Analysis

  • #521
  • Dec 4, 2008 9:33am Dec 4, 2008 9:33am
Quoting lilmoe
u'll do much better when u learn how to do it on ur own bro
I am still trying to figure out these divergences, looks like dow jones daily has huge bullish divergence, this might be a good place to start the carry trade again.??!?
  • #522
  • Dec 4, 2008 9:37am Dec 4, 2008 9:37am
What do you make of the GJ having bullish divergences and still moving lower, i thought higher timeframe was more reliable?
  • #523
  • Dec 4, 2008 10:22am Dec 4, 2008 10:22am
Quoting lilmoe
yea it's a bearish div, but wait for a breakout and CCI below the 0 line.
wondering if this is correct for bullish divergence and how it might play put if its correct . thanks



trendline on price should be on bottom
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by Thich Nhat Hanh "Smile, breathe and go slowly."
  • #524
  • Dec 4, 2008 10:30am Dec 4, 2008 10:30am
Thanks Lilmo,

Any sell oreders on 50 ema H1?

Regards
Mike
Failure, is a wonderful teacher!
  • #525
  • Dec 4, 2008 10:32am Dec 4, 2008 10:32am
Quoting mike1349
Thanks Lilmo,

Any sell oreders on 50 ema H1?

Regards
Mike
yep!
  • #526
  • Dec 4, 2008 10:35am Dec 4, 2008 10:35am
Quoting Farmboy
wondering if this is correct for bullish divergence and how it might play put if its correct . thanks



trendline on price should be on bottom

no bro, you have the line drawn incorrectly from a "previous" bottom on MACD. you draw that line from 2 consecutive bottoms on MACD... hope that makes sense....
  • #527
  • Dec 4, 2008 10:38am Dec 4, 2008 10:38am
Quoting Obaidah
bro did you notice the daily momentum?
yes bro, but without a divergence momentum pointing up or down doesn't mean anything to me

momentum on the daily currently is pointing upwards, if we had a bullish classic divergence on the 1h or 4h charts, then we'd expect a retracement to daily 5sma, give or take...


  • #528
  • Dec 4, 2008 10:44am Dec 4, 2008 10:44am
Quoting lilmoe
yes bro, but without a divergence momentum pointing up or down doesn't mean anything to me

momentum on the daily currently is pointing upwards, if we had a bullish classic divergence on the 1h or 4h charts, then we'd expect a retracement to daily 5sma, give or take...


ic

edit: you know bro, this system worth to make EA for as its rules are so easy to be programmed but the problem that im having is how to let it identify the divergance, i mean, if the market is making no higher highs or lower lows but cci is going down, it will be identified as a div, so .. is there any indicator that catchs the divergances that i see how it works?
I recommend you read something else as this sentence is now concluded.
  • #529
  • Dec 4, 2008 10:53am Dec 4, 2008 10:53am
Quoting Obaidah
ic

edit: you know bro, this system worth to make EA for as its rules are so easy to be programmed but the problem that im having is how to let it identify the divergance, i mean, if the market is making no higher highs or lower lows but cci is going down, it will be identified as a div, so .. is there any indicator that catchs the divergances that i see how it works?
Here!
Attached File(s)
File Type: mq4 FX5_Divergence_V2.1.mq4   11 KB | 382 downloads
File Type: ex4 FX5_Divergence_V2.1.ex4   11 KB | 307 downloads
Failure, is a wonderful teacher!
  • #530
  • Dec 4, 2008 10:56am Dec 4, 2008 10:56am
Quoting lilmoe
yep!
Could that be because of this classic Bearish Div in M30?

Mike
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Failure, is a wonderful teacher!
  • #531
  • Dec 4, 2008 10:57am Dec 4, 2008 10:57am
Quoting mike1349
Here!
thanks buddy, i'll take a look at the code and check out what can i do :d
I recommend you read something else as this sentence is now concluded.
  • #532
  • Dec 4, 2008 11:34am Dec 4, 2008 11:34am
Quoting mike1349
Could that be because of this classic Bearish Div in M30?

Mike
that's still hidden bearish, and i'm waiting for 137.70 to short
  • #533
  • Dec 4, 2008 12:20pm Dec 4, 2008 12:20pm
Quoting lilmoe
that's still hidden bearish, and i'm waiting for 137.70 to short
Sorry Lilmo I don't get it.

Is 137.70 your 50ema in H1 TF?

Thanks
Mike
Failure, is a wonderful teacher!
  • #534
  • Dec 4, 2008 12:52pm Dec 4, 2008 12:52pm
Quoting mike1349
Sorry Lilmo I don't get it.

Is 137.70 your 50ema in H1 TF?

Thanks
Mike

nope, my 1 hour 50ema is 137.50, HOWEVER, we have a bullflag on the 1m-5m chart, and a flag poll of 100 pips, i also believe that 137.70 is a more critical level that needs to be at least retested before we go back down, or at least for the 1h/m30 bearish HDs to start kickin in!

i know it sounds weird, but we do pierce through 50ema's sometimes, but the longer u trade, the more your gut feeling will tell u where price should stop or at least go.
  • #535
  • Dec 4, 2008 2:09pm Dec 4, 2008 2:09pm
Quoting lilmoe
nope, my 1 hour 50ema is 137.50, HOWEVER, we have a bullflag on the 1m-5m chart, and a flag poll of 100 pips, i also believe that 137.70 is a more critical level that needs to be at least retested before we go back down, or at least for the 1h/m30 bearish HDs to start kickin in!

i know it sounds weird, but we do pierce through 50ema's sometimes, but the longer u trade, the more your gut feeling will tell u where price should stop or at least go.
that was a very good lesson to me, to "blindly" follow my own system, and not what my gut feelings say, looooooooooooooool...

price literally Kissed 1h 50ema and TANKED from there!!!!
  • #536
  • Dec 4, 2008 2:40pm Dec 4, 2008 2:40pm
  • #537
  • Dec 4, 2008 3:08pm Dec 4, 2008 3:08pm
Hi Lil

If you check the second chart in post 4 it seems te same ting has happend now
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  • #538
  • Dec 4, 2008 4:21pm Dec 4, 2008 4:21pm
Quoting harigp
Hi Lil

If you check the second chart in post 4 it seems te same ting has happend now
bro, i'm not sure i understand what u're asking here....?
  • #539
  • Dec 4, 2008 4:32pm Dec 4, 2008 4:32pm
Quoting lilmoe
that was a very good lesson to me, to "blindly" follow my own system, and not what my gut feelings say, looooooooooooooool...

price literally Kissed 1h 50ema and TANKED from there!!!!


GM mate,

sorry, but i have to laugh, because does happend to me plenty times..

Hope you had a good trading day with full bag of Pips
  • #540
  • Dec 5, 2008 1:17am Dec 5, 2008 1:17am
+21 PIP MOVE
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