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Trading the Cable swings via averages

  • #941
  • Jan 8, 2019 11:29pm Jan 8, 2019 11:29pm
Quoting simon.says
{quote} Hi Alan, In your Two Bar Example you chose to go long on bar 4. However, to me it looks like you had a bearish divergence right beforehand (which in my mind would have told me to be on the lookout for going short). Am I missing something here, and if so what is it?
Yes there was a bearish div at 2 but the last was a bullish regular div at 3.
  • #942
  • Jan 8, 2019 11:50pm Jan 8, 2019 11:50pm
Quoting Nala66
{quote} Yes there was a bearish div at 2 but the last was a bullish regular div at 3.
My bad. Thanks for clarifying
  • #943
  • Jan 9, 2019 12:21am Jan 9, 2019 12:21am
OK that trade was all stopped out net result was...

1 hedge for $100 profit
2nd hedge for $200 profit
1st entry $117.60
2nd trade B/E
3rd Trade -$18.90

Total = $398.70 profit

I could have stayed longer but have to get ready to go out for my granddaughters 21ST
  • #944
  • Jan 9, 2019 12:30am Jan 9, 2019 12:30am
Have Fun
  • #945
  • Jan 9, 2019 12:44am Jan 9, 2019 12:44am
Quoting pakeha
Have Fun
I would if I was 21 again
  • #946
  • Jan 9, 2019 12:49am Jan 9, 2019 12:49am
Quoting Nala66
{quote} I would if I was 21 again
Haha! In the words, of Buddy Guy "done got old"
  • #947
  • Jan 9, 2019 1:05am Jan 9, 2019 1:05am
Quoting Nala66
{quote} I would if I was 21 again
Neither am I!
  • #948
  • Jan 9, 2019 1:21am Jan 9, 2019 1:21am
Morning all, trying this long
Attached Image (click to enlarge)
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  • #949
  • Jan 9, 2019 1:48am Jan 9, 2019 1:48am
Quoting Riaanvw
Morning all, trying this long {image}
Same here and second entry on bar test.
Attached Image (click to enlarge)
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  • #950
  • Jan 9, 2019 2:21am Jan 9, 2019 2:21am
Quoting Gleam
{quote} Same here and second entry on bar test. {image}
BE ...after regular bearish divergence .
Attached Image (click to enlarge)
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  • #951
  • Jan 9, 2019 2:34am Jan 9, 2019 2:34am
+25 pips
Attached Image (click to enlarge)
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  • #952
  • Jan 9, 2019 2:41am Jan 9, 2019 2:41am
Quoting Riaanvw
+25 pips {image}
Even it was good trade..
  • #953
  • Jan 9, 2019 3:03am Jan 9, 2019 3:03am
Quoting Gleam
{quote} Even it was good trade..
Thx, and plus 30 pips on another pair so playing 2 pairs for 25-30 pips each is the daily 50pip goal achieved.
  • #954
  • Jan 9, 2019 5:55am Jan 9, 2019 5:55am
Quoting Gleam
{quote} BE ...after regular bearish divergence . {image}
Gleam I don't know why you are drawing your divergence lines on the price wicks, they should be off the pivots as are the RSI lines, as a consequence you are not seeing the chart correctly.

Some corrections here in yellow on your chart...
Attached Image (click to enlarge)
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  • #955
  • Jan 9, 2019 6:17am Jan 9, 2019 6:17am
Quoting Nala66
{quote} No apology required some things need more explanation because we all see things differently depending on our points of view and our preconceived notions. A two bar test is generally used when we spot divergence. I would imagine many have experienced the problem of taking a divergence and price fails to react to it and continues on its merry way. This is because price is heading for a level and divergence will not stop it from getting there. So the best divs happen at these levels because that is the expected turn point to test the opposite...
Hi Alan, thank you for your time in explaining 2 bar test, really appreciate it. It was clear. Just to confirm that I understand you fully, is my 2 Bar Test Line in the chart correct? Thanks
Attached Image (click to enlarge)
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  • #956
  • Jan 9, 2019 7:32am Jan 9, 2019 7:32am
Quoting mickmack5
{quote} Hi Alan, thank you for your time in explaining 2 bar test, really appreciate it. It was clear. Just to confirm that I understand you fully, is my 2 Bar Test Line in the chart correct? Thanks {image}
Yes and the stop goes above the test
  • #957
  • Jan 9, 2019 7:37am Jan 9, 2019 7:37am
It looks to me like you guys need a touch more information to pick up on the hidden divergences because I don't see any sign of them in posted charts. So to correct this I will explain them more clearly if I can tomorrow because they are a very common signal that most people don't have a clue about let alone understand them.
  • #958
  • Jan 9, 2019 8:30am Jan 9, 2019 8:30am
Quoting Nala66
It looks to me like you guys need a touch more information to pick up on the hidden divergences because I don't see any sign of them in posted charts. So to correct this I will explain them more clearly if I can tomorrow because they are a very common signal that most people don't have a clue about let alone understand them.
Thanks Alan
  • #959
  • Jan 9, 2019 11:52am Jan 9, 2019 11:52am
Quoting Nala66
{quote} Gleam I don't know why you are drawing your divergence lines on the price wicks, they should be off the pivots as are the RSI lines, as a consequence you are not seeing the chart correctly. Some corrections here in yellow on your chart... {image}
Ah ...,yes, Alan its my old bad habit..... Thanks for corrections.
  • #960
  • Jan 9, 2019 1:04pm Jan 9, 2019 1:04pm
Quoting Nala66
It looks to me like you guys need a touch more information to pick up on the hidden divergences because I don't see any sign of them in posted charts. So to correct this I will explain them more clearly if I can tomorrow because they are a very common signal that most people don't have a clue about let alone understand them.
Yeah, if you go to the "hidden divergence" thread everything looks regular, so people must name them differently
life is a reflection of what we allow ourselves to see
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