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Trading the Cable swings via averages

  • #841
  • Jan 3, 2019 4:09am Jan 3, 2019 4:09am
Are you guys looking at this .....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 110 KB
  • #842
  • Jan 3, 2019 4:09am Jan 3, 2019 4:09am
Quoting Bydyke
{quote} Hope you are in; 30 pips in the good already. 2635 is now in sight
Yes in at 1.2553 with stops in profit though it looks like its losing steam..., Ill be there at 2635, hopefully a short all the way back down!
life is a reflection of what we allow ourselves to see
  • #843
  • Jan 3, 2019 4:11am Jan 3, 2019 4:11am
Quoting mickmack5
Are you guys looking at this ..... {image}
yeah its a slow day at the office lol
life is a reflection of what we allow ourselves to see
  • #844
  • Jan 3, 2019 5:02am Jan 3, 2019 5:02am
Quoting Riaanvw
ema making HL's so price should make the next high but I need to step out now so closed out for +35 pips just before the 1hr ema {image}
Congrats!! You seem to have the hang of this method now!! Wish you many more!!
  • #845
  • Jan 3, 2019 5:43am Jan 3, 2019 5:43am
Is there anybody taking action with current H1 bearish div?
  • #846
  • Jan 3, 2019 5:03pm Jan 3, 2019 5:03pm
Let us see what today brings
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
life is a reflection of what we allow ourselves to see
  • #847
  • Jan 3, 2019 5:08pm Jan 3, 2019 5:08pm
Attached Image (click to enlarge)
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life is a reflection of what we allow ourselves to see
  • #848
  • Edited Jan 4, 2019 1:44am Jan 3, 2019 10:52pm | Edited Jan 4, 2019 1:44am
Quoting mikeeating
{image}
Mike, I'm not seeing any divergences on your chart. Price is slanting downwards and so is the slow RSI. Again, both the slow RSI and the fast RSI are slanting downwards even though the slope of the latter is steeper.

One of the pluses of our System is that even when the signals manifest, we still exercise caution by confirming the direction with the appearance of the bull/bear support (and the two-bar test) before entry. That way, we are safe.

But I am also looking at the D1 chart and it is ominous to the bears. The chart is saying that we should steer clear from all shorts at the moment. In fact, on the face of it, we should consider any short at the height of the latest D1 swing, which is at 2814 or the next D1 average swing lo at 2804 (the gold-coloured line on my chart). Of course, the green-coloured line is the nearest D1 average swing hi.

It must also be noted that the H1 average swings remain our benchmark but we must also bear in mind what the D1 chart has printed
Attached Image (click to enlarge)
Click to Enlarge Name: GU D1 0104.png Size: 28 KB
  • #849
  • Jan 3, 2019 10:59pm Jan 3, 2019 10:59pm
Bydyke

Are you seeing a tiny bearish divergence on the H1?
  • #850
  • Jan 4, 2019 12:59am Jan 4, 2019 12:59am
Morning all, taking a shot at this long
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 40 KB
  • #851
  • Jan 4, 2019 1:20am Jan 4, 2019 1:20am
Quoting Riaanvw
Morning all, taking a shot at this long {image}
good spotting, what target swing are you looking for ? 1.26877?
life is a reflection of what we allow ourselves to see
  • #852
  • Jan 4, 2019 1:28am Jan 4, 2019 1:28am
Looks like its at latest price swing high
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 28 KB
life is a reflection of what we allow ourselves to see
  • #853
  • Jan 4, 2019 1:30am Jan 4, 2019 1:30am
Quoting mikeeating
{quote} good spotting, what target swing are you looking for ? 1.26877?
The closest swing is the 4hr at 1.2697 but I am going for 50 pips which is 15 pips lower
  • #854
  • Jan 4, 2019 1:37am Jan 4, 2019 1:37am
Quoting mikeeating
Looks like its at latest price swing high {image}
This is the swing I have marked but your swing is also an area
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.png Size: 52 KB
  • #855
  • Jan 4, 2019 1:58am Jan 4, 2019 1:58am
Quoting pakeha
Bydyke Are you seeing a tiny bearish divergence on the H1?
Just reading your post. At that time, PA was very flat and RSI hovering at 50. Couldn't pick any divergence at that point. Like you know, our very relevant levels are 20 and 80.

The ruling H1 divergence is still the last one that overlapped from the close of 2/1/19 to 3/1/19; the one that Riaanvw keyed-into very sweetly
  • #856
  • Jan 4, 2019 2:14am Jan 4, 2019 2:14am
Quoting Riaanvw
Morning all, taking a shot at this long {image}

Yes, but I seem to believe GU will retrace about 50 pips on getting to our H1 average swing hi at 2662.
  • #857
  • Jan 4, 2019 2:48am Jan 4, 2019 2:48am
Well im out at 40 pips, was a good ride, not sure about anyone else but the hardest thing about this great system is trying to resist taking profit!
life is a reflection of what we allow ourselves to see
  • #858
  • Jan 4, 2019 2:51am Jan 4, 2019 2:51am
Quoting Bydyke
{quote} Yes, but I seem to believe GU will retrace about 50 pips on getting to our H1 average swing hi at 2662.
Closed out with Divergence starting to take place at the level for +35 pips
Attached Image (click to enlarge)
Click to Enlarge Name: +35_pips.png Size: 33 KB
  • #859
  • Jan 4, 2019 2:55am Jan 4, 2019 2:55am
Quoting Riaanvw
{quote} This is the swing I have marked but your swing is also an area {image}
Hi all,

I'm slightly confused with your Targets:

@Riaanvw: what makes you go for the bigger H4 target? As per your photo and the rules set out by Alan it would be enough just to test the H4 EMA. Wouldn't the correct target here be the EMA Swing High on the H1, which is 1.2730, as we're above the H1 EMA?

@mikeeating: kind of a similar question. Why go for the target you marked @ 1.2689? I don't think it was ever mentioned that our targets should be EMA swings/pivots in the same direction that our TP is. Or am I misunderstanding something?

Thanks and green pips to all.
  • #860
  • Jan 4, 2019 3:11am Jan 4, 2019 3:11am
Quoting Zelias
{quote} Why go for the target you marked @ 1.2689? I don't think it was ever mentioned that our targets should be EMA swings/pivots in the same direction that our TP is. Or am I misunderstanding something? Thanks and green pips to all.
Hi Zelias

Yes I look for the most recent swing off the 1hr in the direction I start trading into, but I also line up the 5 and 15 as well, as this is where I have found the problems or indecision can start to happen and may trigger a hedge or early exit, if the 1hr is too far away (as it was today) then I just look for the next one down on smaller time frames on my chart closer 40-50 pips from entry as target,

Hope that makes sense as it is my understanding at this point. Also Im still learning the system so someone else may shine more light on it for you.
life is a reflection of what we allow ourselves to see
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