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Trading the Cable swings via averages

  • #621
  • Dec 18, 2018 3:06am Dec 18, 2018 3:06am
To explain hidden divergence...

If price moves above the previous pivot but the RSI does not (it remains below) then price is caught in divergence so it is sold down causing it to snap back and close below the pivot. So no longer can we see it hence it is hidden.
  • #622
  • Dec 18, 2018 3:14am Dec 18, 2018 3:14am
Quoting Nala66
See what I see... Price has made the 2658 (I closed there) but it has not yet broken the 2663 {image}
Alan where did you get the 2658? I cant see the previous swing on the 5 or 1hr?
life is a reflection of what we allow ourselves to see
  • #623
  • Dec 18, 2018 3:17am Dec 18, 2018 3:17am
The bears are trying to eke out support on the 5
  • #624
  • Dec 18, 2018 3:21am Dec 18, 2018 3:21am
Quoting mikeeating
{quote} Alan where did you get the 2658? I cant see the previous swing on the 5 or 1hr?
Here...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #625
  • Dec 18, 2018 3:25am Dec 18, 2018 3:25am
Bulls just broke the 5 bear support
  • #626
  • Dec 18, 2018 3:34am Dec 18, 2018 3:34am
Quoting Nala66
Bulls just broke the 5 bear support
And obvious bullish M5 div, should it be a good entry now?
Attached Image (click to enlarge)
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  • #627
  • Dec 18, 2018 3:35am Dec 18, 2018 3:35am
Now are the bulls going to do it properly this time and find support before heading for the moon.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #628
  • Dec 18, 2018 3:36am Dec 18, 2018 3:36am
Quoting quangvision
{quote} And obvious bullish M5 div, should it be a good entry now? {image}
Late again...
  • #629
  • Dec 18, 2018 3:40am Dec 18, 2018 3:40am
Quoting Nala66
{quote} It was here though I suspect you did not see it because this is a hidden divergence. {image}
With all due respect, there was no divergence whatsoever on M5. Whatever price did on M5, both RSIs did the same. Maybe broker difference. Attaching my chart.

Regards,
Blackeagle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 49 KB
  • #630
  • Dec 18, 2018 3:45am Dec 18, 2018 3:45am
Quoting Blackeagle
{quote} With all due respect, there was no divergence whatsoever on M5. Whatever price did on M5, both RSIs did the same. Maybe broker difference. Attaching my chart. Regards, Blackeagle {image}
Blackeagle

RSI 5 / RSI 14 or "Alan Divergence" on your chart. Not a price divergence
  • #631
  • Dec 18, 2018 3:48am Dec 18, 2018 3:48am
Quoting pakeha
{quote} Blackeagle RSI 5 / RSI 14 or "Alan Divergence" on your chart. Not a price divergence
I understand that, I read all posts. Would you please show me RSI 5 / RSI 14 divergence indicating top in place? During that top, there was neither RSI divergence, nor price / RSI 14 divergence nor any divergence. At least not on my M5 chart.

Regards,
Blackeagle
  • #632
  • Dec 18, 2018 3:52am Dec 18, 2018 3:52am
Quoting Blackeagle
{quote} I understand that, I read all posts. Would you please show me RSI 5 / RSI 14 divergence indicating top in place? During that top, there was neither RSI divergence, nor price / RSI 14 divergence nor any divergence. At least not on my M5 chart. Regards, Blackeagle
Sorry, I was talking about the bottom that happened around 11:15 on your chart
  • #633
  • Dec 18, 2018 3:52am Dec 18, 2018 3:52am
Quoting Nala66
Trying to determine some sort of inference from the current 1 hour chart would be nothing short of guesswork... {image}
Morning all, no trading for me today. Alan woudn't this be 1hr Divergence though?
Attached Image (click to enlarge)
Click to Enlarge Name: 1HR_DIV.png Size: 51 KB
  • #634
  • Dec 18, 2018 3:54am Dec 18, 2018 3:54am
Quoting Blackeagle
{quote} I understand that, I read all posts. Would you please show me RSI 5 / RSI 14 divergence indicating top in place? During that top, there was neither RSI divergence, nor price / RSI 14 divergence nor any divergence. At least not on my M5 chart. Regards, Blackeagle
Here it is...this is your chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #635
  • Dec 18, 2018 3:58am Dec 18, 2018 3:58am
Quoting Riaanvw
{quote} Morning all, no trading for me today. Alan woudn't this be 1hr Divergence though? {image}
Yes it would a regular bearish divergence (not an RSI one) and I think that is why the market is struggling at this time trying to pull out of it.
  • #636
  • Dec 18, 2018 4:06am Dec 18, 2018 4:06am
Ok thanks
  • #637
  • Dec 18, 2018 4:08am Dec 18, 2018 4:08am
Quoting Nala66
{quote} Here it is...this is your chart {image}
I saw that but the problem is how that RSI divergence indicates top. At the moment you could draw that divergence between RSIs, the price was 2631. You said "You could have very easily hedged the trade at the top because it was a regular div on the 5 at a targeted level". Anyway, good luck with your trades guys.

Regards,
Blackeagle
  • #638
  • Dec 18, 2018 4:11am Dec 18, 2018 4:11am
See now how the bulls have support but the bears have divergence on the 5... What does that tell us.... Not a lot hey!
  • #639
  • Dec 18, 2018 4:17am Dec 18, 2018 4:17am
Quoting Nala66
See now how the bulls have support but the bears have divergence on the 5... What does that tell us.... Not a lot hey!
How about divergence on H1? I see bear divergence.
  • #640
  • Dec 18, 2018 4:19am Dec 18, 2018 4:19am
Quoting Gilaforex13
{quote} How about divergence on H1? I see bear divergence.
Yep
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