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Trading the Cable swings via averages

  • #721
  • Dec 20, 2018 2:05am Dec 20, 2018 2:05am
+30 pips with 15min div then sold
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 div sell.png Size: 31 KB
  • #722
  • Dec 20, 2018 2:06am Dec 20, 2018 2:06am
+20 pips on the sell
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 sell +20.png Size: 27 KB
  • #723
  • Dec 20, 2018 2:08am Dec 20, 2018 2:08am
I am late today at my screens (verrry nice Jazz concert last night)
regular bearish divergence on H1 and M5 just before our session

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB


Entered far too late. Let's see if we get the bearish support for a 2nd
Trading S/R with PA only. No indicators anymore!
  • #724
  • Dec 20, 2018 2:33am Dec 20, 2018 2:33am
Quoting Riaanvw
+20 pips on the sell {image}
Awesome trading buddy!

PC
Less is more...
  • #725
  • Edited 2:54am Dec 20, 2018 2:43am | Edited 2:54am
Nice trades Riaanvw!

If we have RSI div in 1h, but then it bounces from EMA, could we say we have bull support?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
  • #726
  • Dec 20, 2018 2:54am Dec 20, 2018 2:54am
Quoting hocius
Nice trades Riaanvw!
Reminder, another GBPUSD red news in just over 30 min.
  • #727
  • Dec 20, 2018 3:50am Dec 20, 2018 3:50am
Can we call this bearish alan div?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 20 KB
  • #728
  • Dec 20, 2018 4:00am Dec 20, 2018 4:00am
Quoting sat007
Can we call this bearish alan div? {image}
sat, heres no div.

You can compare slow rsi to price, in this case both go up so theres no div.

Alan div or RSI div is when one RSI goes up and the other goes down, in this case theres also no div since both go up.
  • #729
  • Dec 20, 2018 4:13am Dec 20, 2018 4:13am
Quoting hocius
{quote} sat, heres no div. You can compare slow rsi to price, in this case both go up so theres no div. Alan div or RSI div is when one RSI goes up and the other goes down, in this case theres also no div since both go up.
thanks..is it when the price goes up and the rsi div goes down you call divergence or of slow rsi and fast rsi cross each other?
  • #730
  • Dec 20, 2018 5:32am Dec 20, 2018 5:32am
No. There are 2 possibilities:

  1. Regular divergence: Price goes one way (up or down) (we use the white EMA (1)) and the slow RSI goes the other way.
    Attached Image
  2. Alan's divergence or RSI divergence: Slow RSI goes one way and fast RSI goes the other way. Sometimes they will cross, sometimes not.
    Attached Image (click to enlarge)
    Click to Enlarge Name: Screenshot2.png Size: 25 KB

There are also hidden divergences which I don't know very well yet.

  • #731
  • Dec 20, 2018 5:59am Dec 20, 2018 5:59am
Quoting hocius
No. There are 2 possibilities: Regular divergence: Price goes one way (up or down) (we use the white EMA (1)) and the slow RSI goes the other way.{image} Alan's divergence or RSI divergence: Slow RSI goes one way and fast RSI goes the other way. Sometimes they will cross, sometimes not.{image} There are also hidden divergences which I don't know very well yet.

Thank you, still struggling to understand the second chart bare with me you only compare slow with fast rsi in second chart or you compare with price as well?
  • #732
  • Dec 20, 2018 6:00am Dec 20, 2018 6:00am
Quoting sat007
{quote} Thank you, still struggling to understand the second chart bare with me you only compare slow with fast rsi in second chart or you compare with price as well?
Only slow with fast RSI
  • #733
  • Dec 20, 2018 6:06am Dec 20, 2018 6:06am
Quoting hocius
{quote} Only slow with fast RSI
great.thanks
  • #734
  • Dec 20, 2018 6:17am Dec 20, 2018 6:17am
Quoting sat007
{quote} great.thanks
and also how do we make out of from the second chart if its bullish move or bearish one going to happen?
  • #735
  • Dec 20, 2018 6:24am Dec 20, 2018 6:24am
A divergence usually sends the price to test the other side of the EMA. Read the whole thread, there's a lot of info.
  • #736
  • Dec 20, 2018 7:56am Dec 20, 2018 7:56am
Quoting quangvision
{quote} Hi Alan, Can you please explain more on hidden divergence? Thanks
Yes it is exactly the same as regular divergence except the price bar snaps back so the divergence can no longer be seen... Hence hidden.

Take a look at this piece of chart. The first of these divs is the better example. See how the price climbed higher than the previous pivot but the RSI did not (at the time) so it was sold down and closed looking nothing like a divergence anymore.

The second example did exactly the same but it did not snap back enough to be hidden and ended as a regular divergence.
Attached Image (click to enlarge)
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  • #737
  • Dec 20, 2018 8:05am Dec 20, 2018 8:05am
Quoting VictorFaria
{image}
Attached Image (click to enlarge)
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  • #738
  • Dec 20, 2018 8:10am Dec 20, 2018 8:10am
Quoting hocius
Nice trades Riaanvw! If we have RSI div in 1h, but then it bounces from EMA, could we say we have bull support? {image}
This was your bullish support...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
  • #739
  • Dec 20, 2018 8:13am Dec 20, 2018 8:13am
Quoting sat007
Can we call this bearish alan div? {image}
No not at all, however this being the 1 hour chart you would be watching for a signal on the lower time frame to short since the hour is way up there on the RSI
  • #740
  • Dec 20, 2018 8:15am Dec 20, 2018 8:15am
Quoting hocius
No. There are 2 possibilities: Regular divergence: Price goes one way (up or down) (we use the white EMA (1)) and the slow RSI goes the other way.{image} Alan's divergence or RSI divergence: Slow RSI goes one way and fast RSI goes the other way. Sometimes they will cross, sometimes not.{image} There are also hidden divergences which I don't know very well yet.
Looks clear as crystal to me hocius...Thanks
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