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Trading the Cable swings via averages

  • #601
  • Dec 18, 2018 1:36am Dec 18, 2018 1:36am
Quoting mikeeating
Hi Alan I know this is basic but just wanted to check in case you could add anything (Im still in the process of recognising the divergences) In reference to yesterday would you agree the charts below best describe the decision to go long? thanks {image} {image}
On the 1 hour chart the bull support was one bar to the right, the red one. This is where the bulls found support and the bears failed to take it back.

On your 5 min chart I don't know what bear rejection is but it was certainly an RSI bullish divergence.
  • #602
  • Dec 18, 2018 1:38am Dec 18, 2018 1:38am
Quoting Bydyke
Regular and Alan's divergences on M5. Getting set to pull the trigger. {image}
When you say divergence you need to declare whether it be bullish or bearish.
  • #603
  • Dec 18, 2018 1:43am Dec 18, 2018 1:43am
Trying to determine some sort of inference from the current 1 hour chart would be nothing short of guesswork...
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  • #604
  • Dec 18, 2018 1:52am Dec 18, 2018 1:52am
Quoting Nala66
Trying to determine some sort of inference from the current 1 hour chart would be nothing short of guesswork... {image}
glad im not the only one thinking this lol
life is a reflection of what we allow ourselves to see
  • #605
  • Dec 18, 2018 1:54am Dec 18, 2018 1:54am
The 5 min RSI bull div has sent it over 20 pips and is pushing right through a bear div
  • #606
  • Dec 18, 2018 2:00am Dec 18, 2018 2:00am
Now for the EMA to take out the level at A on the hour chart we should see price attempt to make 2761

If the bears can turn it then we would expect price to reach B
  • #607
  • Dec 18, 2018 2:01am Dec 18, 2018 2:01am
No longer a bear div on the 5
  • #608
  • Dec 18, 2018 2:03am Dec 18, 2018 2:03am
Thanks a lot Alan for "live" comments, very educative

Best

PC

Quoting Nala66
No longer a bear div on the 5
Less is more...
  • #609
  • Dec 18, 2018 2:06am Dec 18, 2018 2:06am
Bulls still haven't found support yet on the 5?

Edit...this could be it
  • #610
  • Dec 18, 2018 2:15am Dec 18, 2018 2:15am
My trades today.

First short (Alan Bearish Div), should have moved to BE.

Second long (Alan Bullish Div) going on. TP 50.
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Less is more...
  • #611
  • Dec 18, 2018 2:16am Dec 18, 2018 2:16am
See what I see...
Price has made the 2658 (I closed there) but it has not yet broken the 2663
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  • #612
  • Dec 18, 2018 2:18am Dec 18, 2018 2:18am
Quoting Nala66
Bulls still haven't found support yet on the 5? Edit...this could be it
It is making assurance doubly sure that makes your system tops. Am already out after 34 pips and I'm waiting to buy again after the retrace by which time the bulls would have found support.

I agree with you entirely, finding that bull support is key
  • #613
  • Dec 18, 2018 2:32am Dec 18, 2018 2:32am
Quoting Bydyke
{quote} It is making assurance doubly sure that makes your system tops. Am already out after 34 pips and I'm waiting to buy again after the retrace by which time the bulls would have found support. I agree with you entirely, finding that bull support is key
Hi, I hope current upmove would return to us 50 pips as planned. Btw can you get all of three stages trades onboard?
  • #614
  • Dec 18, 2018 2:40am Dec 18, 2018 2:40am
Quoting quangvision
{quote} Hi, I hope current upmove would return to us 50 pips as planned. Btw can you get all of three stages trades onboard?
Well I for one didn't even try to get the three stages on. I wasn't even intending to trade but just couldn't resist such easy money.

It probably will give you the 50 pips in time. It looks like the market is working on the 15 min chart for support.
  • #615
  • Dec 18, 2018 2:41am Dec 18, 2018 2:41am
Quoting pipcruiser
My trades today. First short (Alan Bearish Div), should have moved to BE. Second long (Alan Bullish Div) going on. TP 50. {image}
Gee you got into the trade very late
  • #616
  • Dec 18, 2018 2:45am Dec 18, 2018 2:45am
5 min running into RSI bull div again
  • #617
  • Dec 18, 2018 2:51am Dec 18, 2018 2:51am
Quoting quangvision
{quote} Hi, I hope current upmove would return to us 50 pips as planned. Btw can you get all of three stages trades onboard?
You also have to get out of the habit of thinking in one direction. You could have very easily hedged the trade at the top because it was a regular div on the 5 at a targeted level. This would have been insurance for your profit.
  • #618
  • Dec 18, 2018 2:52am Dec 18, 2018 2:52am
2646 is looking like becoming the bull support on M5.

2646 has failed but 2642 seems to have taken over but nothing is confirmed yet.

In the year before Alan's system, I will wait for an engulfer, pin bar bar or any other relevant candle signal at this point to enter a long
  • #619
  • Dec 18, 2018 2:57am Dec 18, 2018 2:57am
Quoting Nala66
{quote} You also have to get out of the habit of thinking in one direction. You could have very easily hedged the trade at the top because it was a regular div on the 5 at a targeted level. This would have been insurance for your profit.
Hi Alan, I am trying to put everything on practice so I am glad to have you come along.
For last upmove I can't find any regular div on M5 to get my short hedge on. Can you point that out for me or you just saying in general?
Thanks
  • #620
  • Dec 18, 2018 3:02am Dec 18, 2018 3:02am
Quoting quangvision
{quote} Hi Alan, I am trying to put everything on practice so I am glad to have you come along. For last upmove I can't find any regular div on M5 to get my short hedge on. Can you point that out for me or you just saying in general? Thanks
It was here though I suspect you did not see it because this is a hidden divergence.
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