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Lilmoe's Trading System and Analysis

  • #541
  • Dec 5, 2008 3:42am Dec 5, 2008 3:42am
Quoting Piters
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
it's all right bro, sometimes things happen....
  • #542
  • Edited 12:11pm Dec 5, 2008 11:06am | Edited 12:11pm
Hi Lilmo,

I was wondering would you put a sell order on 50ema(Aqua line) in M15.

If not why?

Thanks
Mike
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Failure, is a wonderful teacher!
  • #543
  • Dec 6, 2008 12:31pm Dec 6, 2008 12:31pm
hope everyone's having a great weekend.
here are some of my predictions for next week posted on auslanco's thread...

http://www.forexfactory.com/showthre...42#post2400942

http://www.forexfactory.com/showthre...87#post2400987

http://www.forexfactory.com/showthre...05#post2401005
  • #544
  • Dec 6, 2008 12:33pm Dec 6, 2008 12:33pm
Quoting mike1349
Hi Lilmo,

I was wondering would you put a sell order on 50ema(Aqua line) in M15.

If not why?

Thanks
Mike
sorry for the late reply...

yes that was a correct setup that did play out
  • #545
  • Dec 6, 2008 12:49pm Dec 6, 2008 12:49pm
Thanks Lilmo And have a good weekend too.

Mike
Failure, is a wonderful teacher!
  • #546
  • Dec 7, 2008 4:19pm Dec 7, 2008 4:19pm
Quoting cincinnati
good
now that's nice
  • #547
  • Dec 7, 2008 11:06pm Dec 7, 2008 11:06pm
Wow, I guess I've been so busy that I didn't even notice that Lil'Moe had come up with his own system...
  • #548
  • Dec 7, 2008 11:14pm Dec 7, 2008 11:14pm
Quoting Aad
Wow, I guess I've been so busy that I didn't even notice that Lil'Moe had come up with his own system...
Sweet, isn't it!
  • #549
  • Dec 8, 2008 2:30am Dec 8, 2008 2:30am
Hello,
I have been on a long position since early today,pips are rolling in.But,am considering Lilmoe's claim on the issue of the drop down.I have to be on the trailing stop for now.
Good way to start the week.Hope it continues this way till the rest of the week,am loving it men.
Am up 200 pips already.
  • #550
  • Dec 9, 2008 5:05am Dec 9, 2008 5:05am
Did anyone take short on 15, bearish hd off 50ema?
  • #551
  • Dec 9, 2008 6:03am Dec 9, 2008 6:03am
Quoting Skyhawks
Did anyone take short on 15, bearish hd off 50ema?
it was pretty nice and easy, but i wasn't around when it touched 50ema
  • #552
  • Dec 9, 2008 7:02am Dec 9, 2008 7:02am
Hi Lilmo,

Hope everything is fine.Is this chart match with this post in Aus?

http://www.forexfactory.com/showpost...stcount=147499

Thanks
Mike
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Failure, is a wonderful teacher!
  • #553
  • Dec 9, 2008 8:38am Dec 9, 2008 8:38am
Quoting mike1349
Hi Lilmo,

Hope everything is fine.Is this chart match with this post in Aus?

http://www.forexfactory.com/showpost...stcount=147499

Thanks
Mike
bro, on MACD you have to draw the trendline from highs, u can't draw from high to low

look for the previous high on MACD, it wasn't very far from the 0 line on MACD.. then draw that line to our current high.
  • #554
  • Dec 10, 2008 9:51am Dec 10, 2008 9:51am
Quoting lilmoe
bro, on MACD you have to draw the trendline from highs, u can't draw from high to low

look for the previous high on MACD, it wasn't very far from the 0 line on MACD.. then draw that line to our current high.
Thanks Lilmo.So you mean like this?

Mike
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Failure, is a wonderful teacher!
  • #555
  • Dec 10, 2008 5:54pm Dec 10, 2008 5:54pm
Quoting mike1349
Thanks Lilmo.So you mean like this?

Mike
nope.... lol

like this!

connect 2 previous peaks. where price has a high, then a lower high. but MACD made a high then a HIGHER high.

ps: i didn't draw the TL on price, u have it right, i just did the one on MACD

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  • #556
  • Dec 10, 2008 6:31pm Dec 10, 2008 6:31pm
Lilmoe,

Do you find your strategy to work in all sessions, or is it more profitable during certain ones?
  • #557
  • Dec 10, 2008 11:23pm Dec 10, 2008 11:23pm
Quoting lilmoe

rule #3: when price approaches 50ema, watch for a hidden divergence. if a hidden divergence is present, price tends to bounce again and go back to it's major direction. a stronger signal is when CCI bounces from the -100/0/100 lines. if however, price makes it through 50ema, watch for the closest and most reliable S/R-fibo level. this pattern is valid unless the divergence is broken.

example: take a look at that chart. the bearish HD was visible on MACD, coupled with a bounce from the 100 line. STRONG short signal, signaling...
hi lilmoe,

I'm new here and to forex so would appreciate for any comments that you have for me. Like that way you made it easier to for people like me to understand your system.

my question is: on your chart i can't see the HD on the MACD. The 3 lines drawn on your CCI and MACD indicator are just to show the CD on your Rule 2. how did you know PA was gonna rebound from the 50EMA apart from the bounce from 100 from your CCI30?
  • #558
  • Dec 11, 2008 5:17am Dec 11, 2008 5:17am
Quoting Skyhawks
Lilmoe,

Do you find your strategy to work in all sessions, or is it more profitable during certain ones?
yes all sessions for all pairs
  • #559
  • Dec 11, 2008 5:22am Dec 11, 2008 5:22am
Quoting hwsv07
hi lilmoe,

I'm new here and to forex so would appreciate for any comments that you have for me. Like that way you made it easier to for people like me to understand your system.

my question is: on your chart i can't see the HD on the MACD. The 3 lines drawn on your CCI and MACD indicator are just to show the CD on your Rule 2. how did you know PA was gonna rebound from the 50EMA apart from the bounce from 100 from your CCI30?
hi there.

that chart was an ideal world setup for my system. i used it for a clear picture of what i mean. now, if u take a good look at the lines again, u'll see that i market the classic bullish divergence with "green" lines. however, the hidden divergence was marked by a "blue" line.

i'm sure u have a good idea what classic divergence is. hidden div on the other hand is the complete opposite. we had a higher high in price at 241 (weekly chart), and then a LOWER high at 215. MACD had made a HIGHER high when price was at 215. and how did i know it should bounce from 215 and not from any lower level? it's because 50ema was there. 50ema with hidden div should cause a bounce which it actually did

hope things are clearer now.
  • #560
  • Dec 11, 2008 8:26am Dec 11, 2008 8:26am
Im also practising the scalping techniq something similar to lilmoes when the market is slow. My original sell would have been on the red descending upper TL that comes from the dayly, but i was asleep when price touched it. I drilled to 5m and spotted a potential bearish HD divergence on the double top and 138 sweetspot. Price came down as it was declined by CCI 100 level and was finding resistance below the 138 sweetspot. That was the early sell signal if i understand correctly, but also we could have entered when 5m cable closed below its 50ema and 5m gann for a 0 drawdown trade. Im posting a chart so the master of scalping - lilmoe can take a look and tell me what he thinks.

ps. the stop would have been placed above the previous high on the 5m.
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