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Trading the Cable swings via averages

  • #1,101
  • Jan 15, 2019 4:39am Jan 15, 2019 4:39am
Quoting davidmaree
Yep, RSI divergence forming on 5m so taking the 37 for today. Hello beer o'clock.

Even as at now the rally has not ended. After about 60 pips from that H1 div, we are just seeing the bear support on M5. So then, 2808 is now on the radar
  • #1,102
  • Jan 15, 2019 5:43am Jan 15, 2019 5:43am
Quoting Bydyke
{quote} Even as at now the rally has not ended. After about 60 pips from that H1 div, we are just seeing the bear support on M5. So then, 2808 is now on the radar
I can't find the bear support you speak of...can you show it on a 5 min chart
  • #1,103
  • Jan 15, 2019 6:50am Jan 15, 2019 6:50am
Here were todays trades...off to bed now.
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  • #1,104
  • Jan 15, 2019 7:50am Jan 15, 2019 7:50am
Quoting Nala66
Here were todays trades...off to bed now. {image}
Hi Alan,

What made you take the hedge where you had RSI Div versus the one before (highlighted in Blue) which was Regular Divergence only? We had a legitimate 2-bar test as well. Is there anything you look at in order to prefer one over the other?

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Thanks!
  • #1,105
  • Jan 15, 2019 8:39am Jan 15, 2019 8:39am
Quoting Nala66
Here were todays trades...off to bed now. {image}
Good night sensei! May I know the inference on HT that lead you to take that trade?
  • #1,106
  • Edited 9:25am Jan 15, 2019 8:51am | Edited 9:25am
Quoting Nala66
{quote} I can't find the bear support you speak of...can you show it on a 5 min chart

Here we are; the bear support at that time. Later, of course, a lot of water passed under the bridge with GU unable to overcome an old H1 average at 2831 let alone 2808


The 2808 was eventually achieved at 1520 GMT
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU H1 0115B.png Size: 28 KB
  • #1,107
  • Jan 15, 2019 9:12pm Jan 15, 2019 9:12pm
Quoting Zelias
{quote} Hi Alan, What made you take the hedge where you had RSI Div versus the one before (highlighted in Blue) which was Regular Divergence only? We had a legitimate 2-bar test as well. Is there anything you look at in order to prefer one over the other? {image} Thanks!
Well actually I didn't take a hedge there, I was well done and dusted long before that time. The marks you see are just me marking the charts as it unfolds and yep I missed that Regdiv which then ran up into a RSIDiv which I also missed.

My trade was this tiny bit...Attachment g
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  • #1,108
  • Jan 15, 2019 9:15pm Jan 15, 2019 9:15pm
Quoting hocius
{quote} Good night sensei! May I know the inference on HT that lead you to take that trade?
Same information as always...

I hour bear div
5min bear div
EMA crossed and bears found support.
All at the approximate expected time.

This was a text book trade
  • #1,109
  • Jan 15, 2019 9:21pm Jan 15, 2019 9:21pm
Quoting Bydyke
{quote} Here we are; the bear support at that time. Later, of course, a lot of water passed under the bridge with GU unable to overcome an old H1 average at 2831 let alone 2808 The 2808 was eventually achieved at 1520 GMT {image} {image}
Sorry it must be me because I still cannot figure why this was a support.
  • #1,110
  • Edited 9:51pm Jan 15, 2019 9:34pm | Edited 9:51pm
Quoting hocius
{quote} Good night sensei! May I know the inference on HT that lead you to take that trade?
This is it Hocius
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  • #1,111
  • Jan 15, 2019 9:56pm Jan 15, 2019 9:56pm
Quoting Riaanvw
{quote} This is it Hocius

If you look at my own H1 chart below' you will notice that my fast RSI is not as expansive as yours. Indeed, yours is presently showing Alan's divergence (as per the 2000 hours GMT candle) while mine isn't.

Would you have any clue as to the reason for this disparity
Attached Image (click to enlarge)
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  • #1,112
  • Jan 15, 2019 10:18pm Jan 15, 2019 10:18pm
Quoting Bydyke
{quote} If you look at my own H1 chart below' you will notice that my fast RSI is not as expansive as yours. Indeed, yours is presently showing Alan's divergence (as per the 2000 hours GMT candle) while mine isn't. Would you have any clue as to the reason for this disparity {image}
I'm actually not sure Bydyke, all I can think of is if it's not set to use previous indicators data
  • #1,113
  • Jan 16, 2019 12:41am Jan 16, 2019 12:41am
Morning in Europe before London open..
I had success get my 50 pip yesterday before USA opening. Today formed HD on H1 (Alan it will confirm I think). And already with 20 pip. Thanks.
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  • #1,114
  • Jan 16, 2019 12:43am Jan 16, 2019 12:43am
Not seeing much on H1 at the moment.
Alan, would you try scalp these situations with a stage 1 entry where H1 is indecisive but m5 has divergence?

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  • #1,115
  • Jan 16, 2019 12:46am Jan 16, 2019 12:46am
Quoting Bydyke
{quote} If you look at my own H1 chart below' you will notice that my fast RSI is not as expansive as yours. Indeed, yours is presently showing Alan's divergence (as per the 2000 hours GMT candle) while mine isn't. Would you have any clue as to the reason for this disparity {image}
There are a few things wrong with your chart.

Try Taking off the fast RSI and putting it back ensuring it is set to the previous indicators data.

Here area couple or three more errors
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  • #1,116
  • Jan 16, 2019 12:48am Jan 16, 2019 12:48am
Quoting Gleam
Morning in Europe before London open.. I had success get my 50 pip yesterday before USA opening. Today formed HD on H1 (Alan it will confirm I think). And already with 20 pip. Thanks. {image}
Your short? I cant see anything on H1
life is a reflection of what we allow ourselves to see
  • #1,117
  • Jan 16, 2019 12:54am Jan 16, 2019 12:54am
Quoting davidmaree
Not seeing much on H1 at the moment. Alan, would you try scalp these situations with a stage 1 entry where H1 is indecisive but m5 has divergence? {image}
Certainly David, a scalp can always turn into a full blown trade.

Just a tiny correction to your drawing...
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  • #1,118
  • Jan 16, 2019 12:58am Jan 16, 2019 12:58am
There is a bullish RSI divergence on H1 from yesterday (last divergence on the H1), but price is on the H1 26EMA at the moment. However, I notice a bearish regular divergence on the M30 last bar so may get some continued downward pressure for a bit.
  • #1,119
  • Jan 16, 2019 12:59am Jan 16, 2019 12:59am
Quoting Gleam
Morning in Europe before London open.. I had success get my 50 pip yesterday before USA opening. Today formed HD on H1 (Alan it will confirm I think). And already with 20 pip. Thanks. {image}
Yep
Attached Image
  • #1,120
  • Jan 16, 2019 1:03am Jan 16, 2019 1:03am
Quoting mikeeating
{quote} Your short? I cant see anything on H1
Thanks, Alan already answered for your question while I was writhing.
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