Trading the Cable swings via averages | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #501
  • Dec 13, 2018 6:07pm Dec 13, 2018 6:07pm
Quoting pakeha
Like many of you, I think Alan has done an amazing job with this thread. He has clearly outlined his trading approach and has spent many many hours putting together posts, including screen clips, for our benefit. As the thread starts to expand I have started to notice that new people are struggling to understand all the nuances of "trading cable swings via averages". As a first step to assisting new readers, I have done a dump of Alan's key posts since the start of the thread on November 18, 2018. The attached pdf document has 39 pages, so you will...
Thanks you very much for the work you have done in making this PDF, now all we have to do is refer people to thread 498.

Great contribution, just goes to show there are still good people on the planet.
  • #502
  • Dec 13, 2018 9:15pm Dec 13, 2018 9:15pm
Quoting Nala66
{quote} This is entirely what I am saying not to do. Do not compare price to an average, the average is always chasing price and will always meet with it at some point. Look at the 5 min the average has made the HH, that is all it is required to do, this trade is over and the profit is made.. From here on in new trades setup. Who cares what will happen next it has nothing to do with the trade I have shown you to have a very high probability of returning a very good return for the smallest risk possible in the quickest of time. {image} The only reason...
Thanks Alan, some old habits creeping in there.
  • #503
  • Dec 13, 2018 9:29pm Dec 13, 2018 9:29pm
Quoting Riaanvw
{quote} Thanks Alan, some old habits creeping in there.
No worries Riaan, I would guess being from your neck of the woods you would trade far longer than I due to the time zoning.

What this would equate to is other signals for other trades coming into play.
  • #504
  • Dec 13, 2018 9:34pm Dec 13, 2018 9:34pm
Quoting pakeha
Like many of you, I think Alan has done an amazing job with this thread. He has clearly outlined his trading approach and has spent many many hours putting together posts, including screen clips, for our benefit. As the thread starts to expand I have started to notice that new people are struggling to understand all the nuances of "trading cable swings via averages". As a first step to assisting new readers, I have done a dump of Alan's key posts since the start of the thread on November 18, 2018. The attached pdf document has 39 pages, so you will...
Nice, Ive done the same and read through it once a day just so it can sink in so anybody not understanding it properly just read through the doc a few times because there are some things that get forgotten with so much information. Each time you read it something else will jump out as a reminder.
  • #505
  • Dec 13, 2018 9:41pm Dec 13, 2018 9:41pm
Quoting Nala66
{quote} No worries Riaan, I would guess being from your neck of the woods you would trade far longer than I due to the time zoning. What this would equate to is other signals for other trades coming into play.
Well for me the London open is at 10am which is nice for me but sometimes I am not able to trade in the morning then I might have a look at the US open at 2pm for other pairs to trade
  • #506
  • Dec 13, 2018 10:05pm Dec 13, 2018 10:05pm
Just waking up and I’m seeing as follows:

H4: Alan’s divergence
H1: Alan’s divergence
M30: Regular divergence
M15: Alan’s divergence
M5: Alan’s divergence

In effect, GU is getting set to push up past M5 average but it’s early morning yet
  • #507
  • Dec 14, 2018 1:44am Dec 14, 2018 1:44am
Quoting Bydyke
Just waking up and I’m seeing as follows: H4: Alan’s divergence H1: Alan’s divergence M30: Regular divergence M15: Alan’s divergence M5: Alan’s divergence In effect, GU is getting set to push up past M5 average but it’s early morning yet
I'm thinking that is strange I cannot see anything of interest just yet... Then I noticed you made the post 3 hours ago.
  • #508
  • Dec 14, 2018 2:00am Dec 14, 2018 2:00am
While we are waiting let's take a look at some aspects of divergence.

This is the 1 hour chart displaying 3 bearish divergencies.

Look at number 1. It is supposed to cross the EMA but it didn't, it bounced off it... This is a heads up that price is going for a HH which it did.

Number 2 was straight forward and made the crossing as did number 3.

What this tells us is that we can measure from the point of divergence to the EMA and guesstimate the number of pips we could make as a scalp and then if they find support we could turn the scalp into a trade aiming for the average swing low (In this case)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB


At this point in time the bulls are testing this bear support.
  • #509
  • Dec 14, 2018 2:04am Dec 14, 2018 2:04am
Hello
I am seeing price bouncing up from closest resistance to MA on H1 with fast RSI dips into oversold threshold.
Unfortunately, I can't find any bullish div on M5 to have 1st entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proH1.png Size: 41 KB
  • #510
  • Dec 14, 2018 2:11am Dec 14, 2018 2:11am
I saw a bearish price/rsi divergence on M5, so am in short at 1.26237
  • #511
  • Dec 14, 2018 2:12am Dec 14, 2018 2:12am
Quoting quangvision
Hello I am seeing price bouncing up from closest resistance to MA on H1 with fast RSI dips into oversold threshold. Unfortunately, I can't find any bullish div on M5 to have 1st entry. {image}
I don't know what you are referring to as resistance but the hour has just closed in RSI bearish divergence
  • #512
  • Dec 14, 2018 2:12am Dec 14, 2018 2:12am
Quoting pakeha
I saw a bearish price/rsi divergence on M5, so am in short at 1.26237
Kerrect...

Now lets see if the bears can find support and head for that B target some 80 pips away.
  • #513
  • Dec 14, 2018 2:22am Dec 14, 2018 2:22am
Quoting Nala66
{quote} Kerrect... Now lets see if the bears can find support and head for that B target some 80 pips away.
Hi Nala,
It seems GU heading straight down without caring about finding support
  • #514
  • Dec 14, 2018 2:26am Dec 14, 2018 2:26am
Quoting quangvision
{quote} Hi Nala, It seems GU heading straight down without caring about finding support
Bears found support on the H1 already on the last bar and now heading down.
  • #515
  • Dec 14, 2018 2:31am Dec 14, 2018 2:31am
Quoting pakeha
{quote} Bears found support on the H1 already on the last bar and now heading down.
No not the last bar it was the first pull back some 6 hours ago and has now tested it.

It has now found support on the 5 also.
  • #516
  • Dec 14, 2018 2:38am Dec 14, 2018 2:38am
Looks to me like the bears are heading for B on Post 508
  • #517
  • Dec 14, 2018 2:39am Dec 14, 2018 2:39am
All trades in profit and stops set so cannot lose
  • #518
  • Dec 14, 2018 2:39am Dec 14, 2018 2:39am
Quoting Nala66
{quote} No not the last bar it was the first pull back some 6 hours ago and has now tested it. It has now found support on the 5 also.
True. I was only referring to the candle after the FF open.
  • #519
  • Dec 14, 2018 2:41am Dec 14, 2018 2:41am
A lower low should do it for me
  • #520
  • Dec 14, 2018 2:44am Dec 14, 2018 2:44am
My stops are at 2588
3 traders viewing now