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Trading the Cable swings via averages

  • #701
  • Edited 5:08am Dec 19, 2018 4:37am | Edited 5:08am
Quoting Bydyke
{quote} Truly, you are eagle-eyed. But are we about to get our bear support on M5 at last? {image}
Looks like it wants to happen now??

SL was taken and sell stop taken, and tug-of-war continues!!
I should have sit on the sideline today after not being able to trade for almost 2 weeks, am seeing too many funny signals!! Will have to wait which side of this channel breaks!!
Now sell was also taken out at SL, so i am off for the rest of the day, have to do the washing after holiday!!
Good luck to all!!
  • #702
  • Dec 19, 2018 5:11am Dec 19, 2018 5:11am
Quoting Goyatrade
{quote} Looks like it wants to happen now??

So, 2654 survives as the M5 bear support despite the latest run-up
  • #703
  • Dec 19, 2018 5:16am Dec 19, 2018 5:16am
Quoting Bydyke
{quote} So, 2654 survives as the M5 bear support despite the latest run-up
Its a strange morning session!! Not one of my three systems is working, maybe in the NY session, but i quit till tmrw!!
  • #704
  • Dec 19, 2018 5:23am Dec 19, 2018 5:23am
Hi
I think the market is holding its breath just before FOMC so despite of all divs, no interest whatsoever shown on the charts right now
  • #705
  • Dec 19, 2018 5:55am Dec 19, 2018 5:55am
Quoting Goyatrade
{quote} Its a strange morning session!! Not one of my three systems is working, maybe in the NY session, but i quit till tmrw!!

You need to be more careful with the NY session. It is usually more chaotic. That could be one of the reasons that Alan advises closing of shop for the day once our 40 - 50 pips are made
  • #706
  • Dec 19, 2018 5:57am Dec 19, 2018 5:57am
Quoting mikeeating
{quote} Hi I cant see inference to sell, seems like its indecision to me, but now it seems to be looking at the other side, happy to be corrected! {image}
Corrections...
Attached Image (click to enlarge)
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  • #707
  • Dec 19, 2018 5:59am Dec 19, 2018 5:59am
Quoting Bydyke
{quote} You need to be more careful with the NY session. It is usually more chaotic. That could be one of the reasons that Alan advises closing of shop for the day once our 40 - 50 pips are made
Thanks for the reminder!! Yeah i am not going to trade it, just watch which side it breaks! Also with FOMC tnght, it can be chaotic!! Tmrw is another day!! go well!!
  • #708
  • Dec 19, 2018 6:07am Dec 19, 2018 6:07am
The last H1 candle does not qualify for a bear support. Is the bear run of GU about to end. We should be wary of any shorts for now.

Indeed, it appears the old H1 average swing high at 2638 is now a stumbling block
  • #709
  • Dec 19, 2018 6:20am Dec 19, 2018 6:20am
Here is the state of play on the 5 min....
Attached Image (click to enlarge)
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  • #710
  • Dec 19, 2018 6:22am Dec 19, 2018 6:22am
Quoting Bydyke
The last H1 candle does not qualify for a bear support. Is the bear run of GU about to end. We should be wary of any shorts for now. Indeed, it appears the old H1 average swing high at 2638 is now a stumbling block
Kerrect.

Though the bears may seek support on the following bars
  • #711
  • Dec 19, 2018 6:27am Dec 19, 2018 6:27am
The 1 hour now looks like this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB

It has almost made the required 50 pips
  • #712
  • Dec 19, 2018 7:00am Dec 19, 2018 7:00am
The H4 average at 2630 is unable to reverse PA. The old H1 average swing hi at 2638 has given way. It then looks likely that GU has at target southwards. Could it be the H1 average swing lo at 2590? For effect, H1 average is beginning to curve downwards.
Attached Image (click to enlarge)
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  • #713
  • Dec 19, 2018 8:34am Dec 19, 2018 8:34am
Quoting Nala66
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.
Hi Alan,
Can you please explain more on hidden divergence?
Thanks
  • #714
  • Dec 19, 2018 8:45am Dec 19, 2018 8:45am
PA has gone back the full length of the last H4 candle which closed below H4 average. Yet save for the last H1 divergence that plummeted price, no other kind of divergence has appeared. Indeed, the NY session is not for the Lilly-levered.
  • #715
  • Edited 11:16am Dec 19, 2018 9:21am | Edited 11:16am
At last, bearish Alan's divergence on H1
Attached Image (click to enlarge)
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  • #716
  • Dec 19, 2018 9:57am Dec 19, 2018 9:57am
Attached Image (click to enlarge)
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  • #717
  • Dec 19, 2018 1:34pm Dec 19, 2018 1:34pm
well done if you captured that sell guys!
life is a reflection of what we allow ourselves to see
  • #718
  • Dec 19, 2018 11:42pm Dec 19, 2018 11:42pm
Quoting mikeeating
well done if you captured that sell guys!

Yes we did. Right from 2670 to 2610. All the thanks to Alan. Today, we are also ready. If GU wants to fly to 2765 or plummet to 2537 we shall follow it accordingly. Trading is fun when you have a System that works!
  • #719
  • Dec 20, 2018 12:54am Dec 20, 2018 12:54am
Morning all, I'm seeing this on the 1hr
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  • #720
  • Dec 20, 2018 12:54am Dec 20, 2018 12:54am
With these 2 buys
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