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Trading the Cable swings via averages

  • #1,241
  • Jan 18, 2019 2:36am Jan 18, 2019 2:36am
Now look at that chart and you see the bulls fail... This is where you want the divergence because a div will take the price back across the EMA or at least try to. If it does then the swing high will fail and we should see the swing low succeed which it did. Now bear in mind that is all it is required to do so a bullish div might take it back again.

The relationship between the signals and the swings is critical to understanding this.

Any questions?
  • #1,242
  • Jan 18, 2019 2:40am Jan 18, 2019 2:40am
Quoting Nala66
{quote} Yep but remember to check that swing... Let me try to switch the light bulb on for you because this is of major importance and most people here tend to be missing the point of the whole thread. {image}
Hi Alan,
Which chart did you take screenshot for your uploaded file?
  • #1,243
  • Jan 18, 2019 2:41am Jan 18, 2019 2:41am
Isn't that exactly what happened here on the 5 min chart, and is exactly what happens all the time
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
  • #1,244
  • Jan 18, 2019 2:44am Jan 18, 2019 2:44am
Put that together with the expected increase of activity and the 40 pips becomes an easy do.

I was originally long on this then hedged, my primary trade was stopped out so the hedge won the day.
  • #1,245
  • Jan 18, 2019 2:46am Jan 18, 2019 2:46am
Quoting quangvision
{quote} Hi Alan, Which chart did you take screenshot for your uploaded file?
I haven't got a clue, it is an image I have on file.
  • #1,246
  • Jan 18, 2019 2:50am Jan 18, 2019 2:50am
Quoting Nala66
Put that together with the expected increase of activity and the 40 pips becomes an easy do. I was originally long on this then hedged, my primary trade was stopped out so the hedge won the day.
All clear thanks Alan, do you primarily use the 5 min chart avg swings for this determination?
  • #1,247
  • Jan 18, 2019 2:54am Jan 18, 2019 2:54am
Quoting Nala66
Hi Kev, Happy new year mate
Same to you Alan mate (Mr Nala66)
Great to see this thread with so much positive / constructive interaction as I know you have invested soooo much time and effort into it
over a very long time
Great Stuff
  • #1,248
  • Jan 18, 2019 2:58am Jan 18, 2019 2:58am
2944 is not sitting pretty at the moment. If it gives way, then the H4 Alan’s div is in play and so we should be looking at 100 pips from 3001.

In fact, I believe it's time to begin to watch out for the bear support in H1
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 0118.png Size: 29 KB
  • #1,249
  • Jan 18, 2019 3:08am Jan 18, 2019 3:08am
Quoting how2
{quote} Same to you Alan mate (Mr Nala66) Great to see this thread with so much positive / constructive interaction as I know you have invested soooo much time and effort into it over a very long time Great Stuff
Its an amazing thread and a privilege to be part of it!
life is a reflection of what we allow ourselves to see
  • #1,250
  • Jan 18, 2019 3:19am Jan 18, 2019 3:19am
Quoting davidmaree
{quote} All clear thanks Alan, do you primarily use the 5 min chart avg swings for this determination?
Yes because this gives me the clearest definitions of the activity. Put together with the timing and 40 pips is 40 pips on all the charts.

If we looked at a monthly chart then we would hardly notice a thing, conversely the 1 minute chart is far too choppy.

The 5 min gives a nice smoothing of what is happening on the hour chart with the detail within.
  • #1,251
  • Jan 18, 2019 3:20am Jan 18, 2019 3:20am
Quoting how2
{quote} Same to you Alan mate (Mr Nala66) Great to see this thread with so much positive / constructive interaction as I know you have invested soooo much time and effort into it over a very long time Great Stuff
Much of this is your fault Kev, you go me interested in the EMA's several years ago.
  • #1,252
  • Jan 18, 2019 4:57am Jan 18, 2019 4:57am
Quoting Nala66
Now look at that chart and you see the bulls fail... This is where you want the divergence because a div will take the price back across the EMA or at least try to. If it does then the swing high will fail and we should see the swing low succeed which it did. Now bear in mind that is all it is required to do so a bullish div might take it back again. The relationship between the signals and the swings is critical to understanding this. Any questions?
Hi, Alan
It is very interesting about relationship between the signals and the swings.
Is it correct situation now in charts?:
Bulls failed swing high 1.2990, H1 formed HD and because a div took the price back across the EMA , we should see the swing low succeed which is 1.28677? There no bull divergence yet. If bulls divergence will form on H1 then situation can change?
Bull divergence took price back across the EMA on M5, it mean we should see the swing high 1.29842 succeed? Thanks.
  • #1,253
  • Jan 18, 2019 5:00am Jan 18, 2019 5:00am
Quoting Gleam
{quote} There no bull divergence yet.
There is one now
  • #1,254
  • Jan 18, 2019 5:09am Jan 18, 2019 5:09am
Quoting simon.says
{quote} There is one now
Ah yes , I see now.
  • #1,255
  • Jan 18, 2019 6:30am Jan 18, 2019 6:30am
Quoting simon.says
{quote} There is one now

If H4 div is in play, H1 div (tiny one at that as in this case) will not do much. For me, we've got our bear support on H1 at 2951 even though it's not strictly textbook.

I had earlier said that the H4 div could deliver 100 pips from 3001 but from the look of things, it's going to be higher than that. Elsewhere, somebody has predicted 180 pips but I am sticking to 2882, our H4 average
  • #1,256
  • Jan 18, 2019 9:03am Jan 18, 2019 9:03am
The H4 div has delivered the 100 pips. Now for the rest.
  • #1,257
  • Jan 18, 2019 9:14am Jan 18, 2019 9:14am
Not GU but took these trades earlier
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_AUD_Sells.png Size: 49 KB
  • #1,258
  • Jan 18, 2019 9:15am Jan 18, 2019 9:15am
+40 pips
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  • #1,259
  • Jan 18, 2019 5:10pm Jan 18, 2019 5:10pm
Well what can I say that I haven't already said about how the market moves.
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Click to Enlarge Name: Screenshot2.png Size: 85 KB
  • #1,260
  • Jan 21, 2019 2:20am Jan 21, 2019 2:20am
Morning all, currently short . 60min Hiddend divergence?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_60_HD_SELL.png Size: 40 KB
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