Trading the Cable swings via averages

Oh, thanks a lot.

I lose the Internet today while repairs to the lines are done. Don't know how long for as yet.

So sorry. Hope you fix it soonest.

Meanwhile, textbook rallies are in progress on all TFs off bullish Alan div on all Tfs (M5 to H4).

The targets on H1 are as follows on my chart. The average swing hi's are in green while the average swing lo's are in orange

Bears H1 on London open...

BE +1

Yesterday, London session opened with GU direction-less. PA had to get down to 2856 before GU found direction.

Today has been more straight-forward. At present, it’s like the latest H1 bearish div has concluded its bit. That H1 div was not supported by M5 div so it was always going to run out of gas.

We now have bullish Alan div on M5 and the trip to 3000 should resume

2 longs at 2954 and 2964 exited at 3030 even though GU is starring at 3050.

Meanwhile, the last bullish Alan div on H4 has produced 210 pips so far

Very hot here, it is morning and already 39c with expected mid 40's and hot winds. High possibility of fire and electrical blackouts so even a simple risk assessment would say I shouldn't trade today.

Anyway have a look at the 5 min chart it gives a good picture of where the GBP is heading. Yesterday we saw a strong push upwards as the price crossed the EMA on the weekly chart.

Going to shut down for the day and stay cool.

Hi Nala can you show us how your trades looked yesterday.

I believe we have all jumped into the bullish boat, destination 3100ish.

I got in at 3030 off the Alan div on M5

GU is at its elements. After that burst to 3070, it suddenly became bearish with M15 and M30 candles in affirmation. Even the last Alan M5 div could not push PA past the M5 average. In fact, it is only the H1 average at 3040 that has held the bears.

Well, we now have Alan div on M30. Let’s see what it can do. The bigger trend remains bullish though

ADDENDUM: The last M30 Alan div is bearish! Infact, the bear support is established at 3049 on M5

Bullish Alan div on M5, H1 and H4 (fresh)


UPDATE: Not quite textbook but 3019 is looking like our bull support on M5

I didn't trade because of repair work to the Internet cable

Hopefully the temperature will be more suitable for human existence today. Yesterday it got to the highest ever recorded in an Australian capital city a whopping 47.5 here. Not a good time to be running 4 monitors radiating all that extra heat.
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It looks like the bulls have continued to run for the past few days with the average set to make a new HH today. However on the 1 hour price keeps running into divergence pegging it back a tad.

On the weekly chart it looks like the bulls are set to stay on the north side of the EMA for the close of the week and any RSI Div short is being ignored sot the bulls are strong.

All this has nothing whatsoever to do with trading. We should trade what the market says at the time it says it.

H1 regular bearish divergence and bear support on m5.

All three stages in. Stops to BE

Hedged at +15 because of Alan bullish div on m5.

I don't see the bullish div, only the 1 hour bear div and the 5 min bear div and price is almost at the target of 40 pips, hoping for a few more here.

Whoops sorry I see it.

Hi All, i got a question. I have follow this thread since first post. But i'm too slow to catchup this strategy.
1. Can this strategy apply on mt4 android apps?
2. Is this strategy required us to monitor all timeframe? I tot we should only monitor H1 and M5.
3. Is there any tips on how to spot the divergence?

Thank you in advance.