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Momentum and StochRSI system

  • #461
  • Dec 14, 2008 8:36am Dec 14, 2008 8:36am
Well here is all clear also.
GBP is worth less than carrot

monthly and qurterly charts
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  • #462
  • Edited 12:39pm Dec 14, 2008 8:47am | Edited 12:39pm
Situation here is more complex,
Breakout of the triangle now has hit UTL of the channel and is retracting making pinbar on daily chart. maybe break out retest ?

very bullish on monthly and quarterly but on daily we have a pinbar and weekly is perfect doji therefore direction is unknown.
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  • #463
  • Dec 14, 2008 8:53am Dec 14, 2008 8:53am
isnt bull flag ?
yes it is


quarterly and monthly charts
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  • #464
  • Dec 14, 2008 9:03am Dec 14, 2008 9:03am
And finally USD

One of triangles has been broken but there is bigger one yet
on monthly pinbar so far but month has not been over yet.
Weekly dark cloud cover might turn to bearish engulfing next week.

Very bearish IMO

quarterly,monthly and weekly charts
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  • #465
  • Dec 14, 2008 8:00pm Dec 14, 2008 8:00pm
sold usd/cad

h3 momentum ema20 resistance + stochRSI bear zone border
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  • #466
  • Dec 14, 2008 8:24pm Dec 14, 2008 8:24pm
bought eur/jpy SL=short at 12190
momentum on m5 get support at ema20
h1 approaching to bull zone border
m30 on border already
only m15 show small bearish div

target is red dotted TL
risk to reward ratio is 1:6 for single trade
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  • #467
  • Dec 15, 2008 2:26am Dec 15, 2008 2:26am
m15 is turning to bearish now looks like h1 bear zone rejection on double top pattern.
last support at 121.50 area if taken out im short

let see

EDIT bought the dip
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  • #468
  • Dec 15, 2008 3:12am Dec 15, 2008 3:12am
Good morning 5,

Shall we try to to play with silver this week ???

on demo account for me
Non licet omnibus adire Corinthum
  • #469
  • Dec 15, 2008 3:17am Dec 15, 2008 3:17am
Currently I'm short on GJ, EJ and UJ....following ur system...
Non licet omnibus adire Corinthum
  • #470
  • Dec 15, 2008 3:22am Dec 15, 2008 3:22am
Quoting javajames
Good morning 5,

Shall we try to to play with silver this week ???

on demo account for me
We could try but this is still boring period for silver trading
ema52 resistance if taken out then volatility comes in.
i bet for break out today or tommorow because of momentum made death cross on daily.Short consider only below ema14 daily.
  • #471
  • Dec 15, 2008 3:26am Dec 15, 2008 3:26am
Quoting javajames
Currently I'm short on GJ, EJ and UJ....following ur system...
could u provide more info please
charts, TFs ,TP/reversal areas

Thank u
  • #472
  • Dec 15, 2008 3:29am Dec 15, 2008 3:29am
I'm with ODL and can trade oil, gold, silver....and indices, futures and even CFD.... a lot of fun for everyday....
Non licet omnibus adire Corinthum
  • #473
  • Dec 15, 2008 3:37am Dec 15, 2008 3:37am
You are the expert ...OK I show you, what I see....

I use principally H4....which is bearish for UJ, mom down and Stoch ready to get in bearzone...
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Non licet omnibus adire Corinthum
  • #474
  • Dec 15, 2008 3:47am Dec 15, 2008 3:47am
For Gj which is more volatile my decision TF is H1 an here again everything is bearish....and my TP is 132,50

My first trade is usually without SL, and if it's against me with same favorable data I enter a new trade and set a relatively short SL (<50) with a TP at BE of the first trade....I hope I'm clear
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Non licet omnibus adire Corinthum
  • #475
  • Dec 15, 2008 3:50am Dec 15, 2008 3:50am
Quoting javajames
You are the expert ...OK I show you, what I see....

I use principally H4....which is bearish for UJ, mom down and Stoch ready to get in bearzone...
Please be carefull with this shorts

From creator point of view
we are still above stoch's ema20 on h3/h4
also i see small bullish div in momentum on daily
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  • #476
  • Dec 15, 2008 3:57am Dec 15, 2008 3:57am
For Ej my decision TF is H4 and we are close to UTL, so I bet for retracement ans see some premices in that direction...especially my special Stos....

My TL is 120,50 (retracement)
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Non licet omnibus adire Corinthum
  • #477
  • Dec 15, 2008 4:00am Dec 15, 2008 4:00am
Quoting 5ysfx
Please be carefull with this shorts

From creator point of view
we are still above stoch's ema20 on h3/h4
also i see small bullish div in momentum on daily
Thanks for the advice.....I'll use SL
Non licet omnibus adire Corinthum
  • #478
  • Dec 15, 2008 4:13am Dec 15, 2008 4:13am
Quoting javajames
For Ej my decision TF is H4 and we are close to UTL, so I bet for retracement ans see some premices in that direction...especially my special Stos....

My TL is 120,50 (retracement)
Might be reatracement but is too early to say it for sure because m30 stoch get support on bull zone border.
Time for last wave up.Very fast and sharp wave number 5 IMO
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  • #479
  • Dec 15, 2008 4:14am Dec 15, 2008 4:14am
I'm out at BE on GJ....it seems ur right my shorts were not as adequate as I thought....forgot looking at daily
Non licet omnibus adire Corinthum
  • #480
  • Dec 15, 2008 4:22am Dec 15, 2008 4:22am
out on ej too....still learning
Non licet omnibus adire Corinthum
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