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Trading the Cable swings via averages

  • #4,061
  • Jul 7, 2019 7:16am Jul 7, 2019 7:16am
The week ahead.

If we look at the long term of the monthly we can see that a 1808 is in the wind.

If we look at the weekly we see the target was hit on the nose but it was a hit in divergence. This means we gat get a weekly pull back to the long side.

This makes it a tad difficult to form such a long term view.
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  • #4,062
  • Jul 7, 2019 7:25am Jul 7, 2019 7:25am
Looking at my 1 minute chart I can see we are between the averages of the 15 minute chart and the 30 minute chart so these are the two charts to watch for signals in the immediate.
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  • #4,063
  • Jul 7, 2019 7:27am Jul 7, 2019 7:27am
Quoting Nala66
Looking at my 1 minute chart I can see we are between the averages of the 15 minute chart and the 30 minute chart so these are the two charts to watch for signals in the immediate. {image}
Aah okay!
I went long but my order is not filled. How come?
Trading S/R with PA only. No indicators anymore!
  • #4,064
  • Jul 7, 2019 10:57am Jul 7, 2019 10:57am
[attach] Screenshot_95.png; 3379853 [/ attach]Alan. This is a test of two bars. And did I make the right deal?
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  • #4,065
  • Jul 7, 2019 1:09pm Jul 7, 2019 1:09pm
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  • #4,066
  • Jul 7, 2019 2:30pm Jul 7, 2019 2:30pm
Quoting blessedchuck
{image}
If you draw a line to mark divergence, then such line should never cross the RSI in between nor the price line (helping: MA1period on close bar).
Further, in the price window, we connect the Close of a bar to the Close of another bar. That's because RSI is calculated with the use of Close prices.
Also, you have not set your RSI's conform Alan's setup .......but maybe you did that on purpose to follow your own method.
One more note, the pivots you used to draw your lines are not selected correctly.
Trading S/R with PA only. No indicators anymore!
  • #4,067
  • Edited 4:27pm Jul 7, 2019 2:45pm | Edited 4:27pm
Hi Alan,

I was wondering why you would not have taken the hedge from the div where I have marked with orange. Chart is from your post 1103. Thank you in advance!

Edit: Never mind! I see someone asked the same question a couple of posts down from this one! In that you said it was a valid trade.
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  • #4,068
  • Jul 7, 2019 3:06pm Jul 7, 2019 3:06pm
Quoting blessedchuck
{image}
I have drawn red trend lines on the RSI and Price.
On the price, the C point is attacking the A point.
On the RSI the red line is drawn across the 14 period RSI from bottom to top. It must not cut into any peaks as you have done. We are not looking at the 5 RSI in this instance.
Hope it helps
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  • #4,069
  • Jul 7, 2019 7:56pm Jul 7, 2019 7:56pm
Quoting valeri8888
[attach] Screenshot_95.png; 3379853 [/ attach]Alan. This is a test of two bars. And did I make the right deal? {image}
I don't know, were you testing for longs or shorts?
  • #4,070
  • Jul 8, 2019 2:09am Jul 8, 2019 2:09am
Here is the H1 ZOO
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And the entry on M5
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Looking at that rejection, if it would have made a pip or two extra to the upside, that would have been a clean HD. Easy to spot it's going to develop that way.
Trading S/R with PA only. No indicators anymore!
  • #4,071
  • Jul 8, 2019 2:13am Jul 8, 2019 2:13am
If anyone is interested, here is a trade lot calculator for Alan's system. It is set for USD values. Just put in your acct balance, desired % gain/day, # pips you desire to achieve it in, and it will show you what your lot sizes should be for each trade.
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  • #4,072
  • Jul 8, 2019 2:39am Jul 8, 2019 2:39am
Quoting macbow
If anyone is interested, here is a trade lot calculator for Alan's system. It is set for USD values. Just put in your acct balance, desired % gain/day, # pips you desire to achieve it in, and it will show you what your lot sizes should be for each trade. {file}
Except that is not the way I trade.
  • #4,073
  • Jul 8, 2019 4:29am Jul 8, 2019 4:29am
Could anyone be so kind as to explain what for a tool you use to draw AB - CD lines? Or are you doing it manually line by line??
Trying to safe the world...
  • #4,074
  • Jul 8, 2019 6:30am Jul 8, 2019 6:30am
Quoting RobertMY
Could anyone be so kind as to explain what for a tool you use to draw AB - CD lines? Or are you doing it manually line by line??
That is indeed a manual drawing proces
Trading S/R with PA only. No indicators anymore!
  • #4,075
  • Jul 8, 2019 7:39am Jul 8, 2019 7:39am
M5 EMA line... 6 consecutive opposite pivot breaks in a row!!!
You gotta love cable
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  • #4,076
  • Jul 8, 2019 10:03am Jul 8, 2019 10:03am
Quoting Jazz1964
{quote} If you draw a line to mark divergence, then such line should never cross the RSI in between nor the price line (helping: MA1period on close bar). Further, in the price window, we connect the Close of a bar to the Close of another bar. That's because RSI is calculated with the use of Close prices. Also, you have not set your RSI's conform Alan's setup .......but maybe you did that on purpose to follow your own method. One more note, the pivots you used to draw your lines are not selected correctly.
thanks for your input. i understand about not crossing the rsi. i don't know what else to do to the rsi or see what's correct/incorrect pivots. maybe you can assist me in getting it together? thanks again.
  • #4,077
  • Jul 8, 2019 11:32am Jul 8, 2019 11:32am
Quoting blessedchuck
{quote} thanks for your input. i understand about not crossing the rsi. i don't know what else to do to the rsi or see what's correct/incorrect pivots. maybe you can assist me in getting it together? thanks again.
I am sorry I can not assist coming days. I am on phone instead of PC. also not trading.
The pdf should be clear though on these things. It is discussed several times how to select the right pivots for an abcd

For setting up both rsi's just go to the thread beginning
Trading S/R with PA only. No indicators anymore!
  • #4,078
  • Jul 8, 2019 12:14pm Jul 8, 2019 12:14pm
Quoting Jazz1964
{quote} I am sorry I can not assist coming days. I am on phone instead of PC. also not trading. The pdf should be clear though on these things. It is discussed several times how to select the right pivots for an abcd For setting up both rsi's just go to the thread beginning
that's why my rsi are the way they are: the pdf. thanks.
  • #4,079
  • Jul 8, 2019 1:54pm Jul 8, 2019 1:54pm
Quoting blessedchuck
{quote} that's why my rsi are the way they are: the pdf. thanks.
Your RSI5 is applied to price but it should be applied to the rsi14.
Post 28 sir.
Trading S/R with PA only. No indicators anymore!
  • #4,080
  • Jul 8, 2019 6:53pm Jul 8, 2019 6:53pm
Quoting blessedchuck
{quote} ok. how do i fix it? i don't see the step in the pdf where i missed setting up the rsi's. sorry.
The answer is in the one post above yours.........
Trading S/R with PA only. No indicators anymore!
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