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Trading the Cable swings via averages

  • #441
  • Dec 12, 2018 1:25am Dec 12, 2018 1:25am
What i wrote about wanting to see something in the yesterday's low area,
that's a bit of my 'problem', wanting to see the market doing what I think it is going to do.
Instead, I have to wait and see whatever the market brings, and take action on that.
Trading S/R with PA only. No indicators anymore!
  • #442
  • Dec 12, 2018 1:29am Dec 12, 2018 1:29am
Quoting Rfs199
{quote} Adding a chart to that. {image}
Well spotted bearish divergence Rfs,
just draw divergence with price compared to the green RSI
and not like you did with the fast white one
Trading S/R with PA only. No indicators anymore!
  • #443
  • Dec 12, 2018 2:13am Dec 12, 2018 2:13am
Quoting Rfs199
{quote} Adding a chart to that. {image}
This is good chart reading Rfs199.

The inference from the 1 hour chart shows that the 5 min is not going to make the HH average so look for a minimum target of the 5 min swing low.

Great stuff...
  • #444
  • Dec 12, 2018 2:16am Dec 12, 2018 2:16am
Quoting Jazz1964
What i wrote about wanting to see something in the yesterday's low area, that's a bit of my 'problem', wanting to see the market doing what I think it is going to do. Instead, I have to wait and see whatever the market brings, and take action on that.
Golden words...

The post you made a little earlier was far too complicated. You only need the inference from a higher time frame to trade it at a lower one.

It doesn't matter what happened yesterday, last week or last month even an hour ago can make a difference. Reaction to the price action you are currently witnessing is far more beneficial.
  • #445
  • Dec 12, 2018 2:29am Dec 12, 2018 2:29am
Morning all, took these longs now
Attached Image (click to enlarge)
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  • #446
  • Dec 12, 2018 2:30am Dec 12, 2018 2:30am
for the quickest 45 pips ever
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_+45.png Size: 22 KB
  • #447
  • Dec 12, 2018 2:33am Dec 12, 2018 2:33am
Once again not getting in where I should have I should have got in earlier but I was out this morning and just got back and had a look and liked it so just entered with confidence of the move
  • #448
  • Dec 12, 2018 2:34am Dec 12, 2018 2:34am
Quoting Riaanvw
for the quickest 45 pips ever {image}
Divergence > sent price through the ema > and +45. That was fast.
  • #449
  • Dec 12, 2018 2:34am Dec 12, 2018 2:34am
+50 for me
Trading S/R with PA only. No indicators anymore!
  • #450
  • Dec 12, 2018 2:54am Dec 12, 2018 2:54am
Lovely stuff guys... I am so glad many of you are getting the hang of this.

Once again look what happened here.

We saw the bearish div on the hour sending price short also with a div on the 5 sending it short.

So the average on the 5 min is going to fail the HH (all this said before)

So price now pushes down to the swing A on the chart below.

But it runs into divergence there which is going to send price back above the EMA and try to make the HH (C middle yellow line) (IT just did that) and may well try to take the next one B which would be our minimum price target.

These moves are small for this pair but we react to the action and should now be closed or hedged.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


When the moves are relatively small like this. That is to say the EMA swings are not far apart, we just scalp because it would be difficult to get more trades on in such short time periods.
  • #451
  • Dec 12, 2018 3:49am Dec 12, 2018 3:49am
At the moment, the bulls are not even allowing the bears to touch the M5 average. We are in for a real fight today
  • #452
  • Dec 12, 2018 4:45am Dec 12, 2018 4:45am
At present, H1 average is in the way. Clear it and the bulls are back for real
  • #453
  • Dec 12, 2018 4:57am Dec 12, 2018 4:57am
Quoting Bydyke
At present, H1 average is in the way. Clear it and the bulls are back for real
If they can find support for the move northwards
  • #454
  • Dec 12, 2018 12:26pm Dec 12, 2018 12:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
i have tried to start trades with a trend, now i prefer to follow the trend
  • #455
  • Dec 12, 2018 12:43pm Dec 12, 2018 12:43pm
Quoting jereajali
{image}
You need the EMA though
  • #456
  • Dec 12, 2018 1:12pm Dec 12, 2018 1:12pm
Sorry, see what i wanted to paste
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
i have tried to start trades with a trend, now i prefer to follow the trend
  • #457
  • Dec 12, 2018 1:16pm Dec 12, 2018 1:16pm
Then the 5mins confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 21 KB
i have tried to start trades with a trend, now i prefer to follow the trend
  • #458
  • Dec 12, 2018 1:20pm Dec 12, 2018 1:20pm
Quoting hocius
{quote} You need the EMA though
It is in the template or it was shared separately cos am using the template.

Anyway, i have my little modification i use personally to pick the right spots following the technique though.Have made 50% Profit on my live account since last week from this. Thanks to Nala for making me fall in love to divergence again, though this divergence is reformed
i have tried to start trades with a trend, now i prefer to follow the trend
  • #459
  • Dec 12, 2018 1:44pm Dec 12, 2018 1:44pm
Quoting jereajali
Then the 5mins confirmation. {image}

You are making the same mistake as me before I was corrected by Alan. You should compare the price with the slow moving RSI and not with the fast one.

With the great result you are now having, tell me another thread that is better than this one
  • #460
  • Dec 12, 2018 1:49pm Dec 12, 2018 1:49pm
Quoting Bydyke
{quote} You are making the same mistake as me before I was corrected by Alan. You should compare the price with the slow moving RSI and not with the fast one. With the great result you are now having, tell me another thread that is better than this one
Noted, Thanks
i have tried to start trades with a trend, now i prefer to follow the trend
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