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-   -   Trading the Cable swings via averages (https://www.forexfactory.com/showthread.php?t=849587)

Nala66 Jul 16, 2019 9:40am | Post# 4181

Be very careful taking any longs, it looks like the 1H average is trying for the 24674

Nala66 Jul 16, 2019 9:16pm | Post# 4182

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I have posted this before so this just serves as a reminder that the monthly chart is looking at a serious Lower Low
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fxmars Jul 17, 2019 4:18am | Post# 4183

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Div on D1, H4, H1 and M15... and then comes this nice HD on M5 to trigger a countertrend entry
Beautiful setup. But there is no guarantee that this will lead to a deeper pullback. But it might. Will watch H1 carefully before deciding further.
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huskyboy Jul 17, 2019 4:22am | Post# 4184

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late at screen so missed the first entry, bear RSI/RSI and the retest (hook) around the 108 bar, missed the bear support entry and took the third one, went down and the i saw the bull RSI/RSI M5 so hedged but closed too fast on that retest (and how do you know at that point its a retest?) and stopped out of my short. Renentered short on that bear div M5 and also stooped out. I saw the H1 bull RSI/RSI. Doing something wrong? Comments more than welcome.

Jazz1964 Jul 17, 2019 4:42am | Post# 4185

The trend is very bearish so I was looking for shorts.
108 was the first trade.
Then 25 bars later price tested M5 EMA swing high in div. That's the second trade.
Done.

huskyboy Jul 17, 2019 4:54am | Post# 4186

The trend is very bearish so I was looking for shorts. 108 was the first trade. Then 25 bars later price tested M5 EMA swing high in div. That's the second trade. Done.
great trading, did you ignore the long signal on M5?

Jazz1964 Jul 17, 2019 5:16am | Post# 4187

{quote} great trading, did you ignore the long signal on M5?
That was my exit. I didn't hedge there, could have done that.

dbb12 Jul 17, 2019 7:48am | Post# 4188

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Hello guys and thanks Alan for the time and effort you put to give us so many useful knowledge.

Does that make any scene?
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fxmars Jul 17, 2019 8:44am | Post# 4189

Div on D1, H4, H1 and M15... and then comes this nice HD on M5 to trigger a countertrend entry Beautiful setup. But there is no guarantee that this will lead to a deeper pullback. But it might. Will watch H1 carefully before deciding further. {image}
Closed for 28 pips. Even though cabel tested and got rejected from the 2-year low at 2380ish, there was no follow through. It might still go higher, but want to close shop for today.

huskyboy Jul 17, 2019 2:29pm | Post# 4190

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watching this for tomorrow and i believe you can even draw a bigger one
no bull support yet

Jazz1964 Jul 17, 2019 3:43pm | Post# 4191

Hello guys and thanks Alan for the time and effort you put to give us so many useful knowledge. Does that make any scene? {image}
Sorry, no this is not looking familiar.

Nala66 Jul 17, 2019 9:02pm | Post# 4192

The bulls now have support on the Hour chart and it has been tested and is holding... So far

Nala66 Jul 17, 2019 9:12pm | Post# 4193

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Based on the southerly direction of the 1 month chart I would expect the bears to break the lower point B before the bulls take out the higher level A.
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Nala66 Jul 17, 2019 9:26pm | Post# 4194

I would be keeping an eye on the 5 min watching for the failures to make HH's and the success of making LL's (averages) at the appropriate time of day (108).

We would then be able to measure the distance left to reach B and set our money accordingly. Hopefully it will be much more than the current 12 pips on the hour.

Nala66 Jul 17, 2019 9:34pm | Post# 4195

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For the weekly we can see the average is attempting to take out the 25635 level
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Nala66 Jul 18, 2019 2:09am | Post# 4196

Hopefully this is an impulse bar long on the 5 min

Nala66 Jul 18, 2019 3:03am | Post# 4197

Is the bear support going to hold? 5min

Nala66 Jul 18, 2019 3:05am | Post# 4198

So far so good... Cmon LL

Nala66 Jul 18, 2019 3:07am | Post# 4199

A LL now is a break below the 1H EMA

Nala66 Jul 18, 2019 3:11am | Post# 4200

Well so far the bull support has failed and the bear support has failed so we are off to a rubbish start


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