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Trading the Cable swings via averages

  • #1,261
  • Edited 3:08am Jan 21, 2019 2:34am | Edited 3:08am
Quoting Riaanvw
Morning all, currently short . 60min Hiddend divergence? {image}
Morning,

Just to add 5 min chart with my analysis.


EDIT: EMA did not break "Res"(resistance) at point "X" first sign of weakness on bull side. After that bears found support (yellow line), Fast RSI below Slow RSI, fine signal to go short (gray vertical line 09:55)


masofras
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  • #1,262
  • Jan 21, 2019 6:14am Jan 21, 2019 6:14am
This was the 5min
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  • #1,263
  • Jan 21, 2019 6:15am Jan 21, 2019 6:15am
+25 pips
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  • #1,264
  • Jan 21, 2019 6:16am Jan 21, 2019 6:16am
Then bought
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  • #1,265
  • Jan 21, 2019 6:21am Jan 21, 2019 6:21am
+30 pips
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  • #1,266
  • Jan 21, 2019 6:33am Jan 21, 2019 6:33am
Quoting masofras
{quote} Morning, Just to add 5 min chart with my analysis. EDIT: EMA did not break "Res"(resistance) at point "X" first sign of weakness on bull side. After that bears found support (yellow line), Fast RSI below Slow RSI, fine signal to go short (gray vertical line 09:55) masofras {image}

Sweetly done. Hope you followed it right to 2830
  • #1,267
  • Jan 21, 2019 6:41am Jan 21, 2019 6:41am
Todays trades
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  • #1,268
  • Jan 21, 2019 6:46am Jan 21, 2019 6:46am
Bullish Alan div on H4 thus signaling the end of the run of last Thursday’s bearish Alan div that fetched 170 pips on the stretch.

Let’s see what this one will bring. The mission of the bearish Alan div on H1 on the hour is not clear to me but that of H4 will prevail finally.

Meanwhile the M5 rally is on with the bull support at 2849
Attached Image(s) (click to enlarge)
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  • #1,269
  • Jan 21, 2019 6:59am Jan 21, 2019 6:59am
Quoting Bydyke
Bullish Alan div on H4 thus signaling the end of the run of last Thursday’s bearish Alan div that fetched 170 pips on the stretch. Let’s see what this one will bring. The mission of the bearish Alan div on H1 on the hour is not clear to me but that of H4 will prevail finally. Meanwhile the M5 rally is on with the bull support at 2849 {image} {image} {image}
This is telling us price is trying to get to 28959
  • #1,270
  • Edited 7:28am Jan 21, 2019 7:11am | Edited 7:28am
Quoting Nala66
{quote} This is telling us price is trying to get to 28959
It's a little bit puzzling to me. That H1 div appeared after the close of a bullish candle meaning it is bearish. But 28959 is still ahead.

Meanwhile, we now have bearish Alan div on both M30 and M15 though M5 is yet to allign with them. To me, the M5 bullish run is not looking smooth any more. In fact, the M15 run is a close at the moment. In any case, I am out with 20 pips; started the day not long ago. Now on the side line, watching
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  • #1,271
  • Jan 21, 2019 8:31am Jan 21, 2019 8:31am
Quoting Nala66
{quote} This is telling us price is trying to get to 28959
Hi Alan, can you please tell me where 28959 is from?
  • #1,272
  • Jan 21, 2019 9:02am Jan 21, 2019 9:02am
Quoting quangvision
{quote} Hi Alan, can you please tell me where 28959 is from?
I took it from the AB=CD measured move. We don't want to see a close below C
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  • #1,273
  • Jan 21, 2019 9:57am Jan 21, 2019 9:57am
The M5 and M15 rallies are back. Am in; target 2900. HD on M15
  • #1,274
  • Jan 21, 2019 5:54pm Jan 21, 2019 5:54pm
And there we go the measured move made its run..
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  • #1,275
  • Jan 22, 2019 1:52am Jan 22, 2019 1:52am
Quiet here today. Am currently short despite bullish RSI div. on hour chart.
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Hope my understanding is correct Alan in that since bulls failed at EMA I was looking for shorts on 5 min targeting the avg LL.

5m short on 09h00 candle as HD was present. Hedged at 09h25 upon bullish RSI div.
  • #1,276
  • Jan 22, 2019 2:12am Jan 22, 2019 2:12am
Shorts out at BE. Keeping hedge now as "risk-free" trade.
  • #1,277
  • Jan 22, 2019 2:24am Jan 22, 2019 2:24am
Took 5 pips on hedge. Choppy at the moment. Maybe the MMs are waiting for earnings data?
  • #1,278
  • Jan 22, 2019 2:56am Jan 22, 2019 2:56am
Quoting davidmaree
Quiet here today. Am currently short despite bullish RSI div. on hour chart. {image} Hope my understanding is correct Alan in that since bulls failed at EMA I was looking for shorts on 5 min targeting the avg LL. 5m short on 09h00 candle as HD was present. Hedged at 09h25 upon bullish RSI div.
GU is in a directionless mode at the moment hence the quiteness.

On my own chart, there is no Alan (RSI) div on H1. However, looking at PA, I get the impression there is a figure GU is targeting southwards before a direction will manifest.

Does your own chart capture the Alan div on H4 of yesterday? If that is so, then GU will eventually fly up
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  • #1,279
  • Jan 22, 2019 3:28am Jan 22, 2019 3:28am
Quoting Bydyke
{quote} GU is in a directionless mode at the moment hence the quiteness. On my own chart, there is no Alan (RSI) div on H1. However, looking at PA, I get the impression there is a figure GU is targeting southwards before a direction will manifest. Does your own chart capture the Alan div on H4 of yesterday? If that is so, then GU will eventually fly up {image} {image}
H4 Alan divergence is there. Strange about the H1. I've checked both my broker accts and that 1H divergence is present in both feeds.
  • #1,280
  • Jan 22, 2019 3:42am Jan 22, 2019 3:42am
Quoting davidmaree
{quote} H4 Alan divergence is there. Strange about the H1. I've checked both my broker accts and that 1H divergence is present in both feeds.
David, what you have marked on your H1 chart is not an Alan divergence, but a regular bullish hidden divergence that normal RSI practitioners use. Alan's divergence is one where the RSI14 and RSI5 show divergence between them.

The Alan's divergence on the H1 TF in this case came in here:

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Hope this helps.

PS: Apologies, I was looking at Bydyke's chart when commenting on yours. At the time there was Alan's divergence when you drew it, correct. This is one of the situations I was referring to earlier in my posts to Alan, but guess I didn't phrase it well then
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