Trading the Cable swings via averages | Page 73 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #1,441
  • Jan 28, 2019 10:44am Jan 28, 2019 10:44am
Quoting Bydyke
What is GU up to? We have bullish Alan div on H4 and M5 as well as bearish Alan div on H1, M30 and M15.
Bydyke

Look at the 5 min 26EMA (not the divs) - it is now making small higher highs and higher lows. But can the average break 1.31705, or will it continue lower? To go much lower the average has to break 1.31515.
  • #1,442
  • Edited 1:58pm Jan 28, 2019 11:16am | Edited 1:58pm
Quoting pakeha
{quote} Bydyke Look at the 5 min 26EMA (not the divs) - it is now making small higher highs and higher lows. But can the average break 1.31705, or will it continue lower? To go much lower the average has to break 1.31515.

Yes, the last one on M5 is a hi-lo. H1 remains flat though.

The old maxim says: when in doubt, do nothing. One thing I've filed in is that we now have a bullish H4 Alan div which should fetch 50 pips at least. That also means that the run of that bearish H4 div that formed late of Friday has ended, after clocking 80 pips.

It looks as if GU has a habit of fighting hard to deceive traders as to its direction. So, we keep waiting patiently
  • #1,443
  • Jan 28, 2019 5:15pm Jan 28, 2019 5:15pm
Hi guys,

There is one thing I would like to settle once and for all. I am still not 100% sure what signals that would qualify as a 1H inference. As far as I am aware a 1H inference could be;

  1. Any type of divergence
  2. Oversold/overbought RSI
  3. 26 EMA
  4. Target Line (EMA)
  5. Bull/Bear support?

Are there any other missing and/or are some of the listed wrong?

Thanks

  • #1,444
  • Jan 28, 2019 5:35pm Jan 28, 2019 5:35pm
Quoting pakeha
{quote} Bydyke Look at the 5 min 26EMA (not the divs) - it is now making small higher highs and higher lows. But can the average break 1.31705, or will it continue lower? To go much lower the average has to break 1.31515.
Exactly, price has just stalled for the time being. It doesn't trend all of the time so we take what we can get is all.
  • #1,445
  • Jan 28, 2019 5:43pm Jan 28, 2019 5:43pm
Quoting simon.says
Hi guys, There is one thing I would like to settle once and for all. I am still not 100% sure what signals that would qualify as a 1H inference. As far as I am aware a 1H inference could be; Any type of divergence Oversold/overbought RSI 26 EMA Target Line (EMA) Bull/Bear support? Are there any other missing and/or are some of the listed wrong? Thanks
Could also add HH's and HL's and so on. In other words anything we see that takes our interest we simply look then to the 5 min for the signal to take us in the direction we perceive.

We are not always going to be right we are simply looking for the better probabilities in the busy time of day to take price to a level we expect.
  • #1,446
  • Jan 28, 2019 11:32pm Jan 28, 2019 11:32pm
Quoting Nala66
I am always doing that... Falling asleep at the keyboard, I have a face like a chocolate bar with QWERTY written all over it. Before I head off to bed I'll show you what the 5 min looks like now since we have had yet another measured move from the continuation div. A - C Remember AB = CD and watch for traps. Pretty cool uh! {image}
Be careful Alan, humour is not wildly understood on FF, people will thunk your serious
life is a reflection of what we allow ourselves to see
  • #1,447
  • Jan 29, 2019 1:49am Jan 29, 2019 1:49am
just about at a 5 min swing
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 13 KB
life is a reflection of what we allow ourselves to see
  • #1,448
  • Jan 29, 2019 2:48am Jan 29, 2019 2:48am
Cable certainly swinging today!! Took HD short at 09h20, hedged it at 09h45 and took 15 at divergence then price went against and stopped original trade out at BE. Previously I'd probably call it a day but having read about Alan's persistence to get 40 daily, that is now part of my trading plan. Hopefully get some directional movement with Brexit voting later.
Attached Image (click to enlarge)
Click to Enlarge Name: 29 jN.jpg Size: 102 KB
  • #1,449
  • Jan 29, 2019 3:26am Jan 29, 2019 3:26am
The measured target on the 1 hour is 3268 so once we get out of this range then that is probably where the GBP is heading.
  • #1,450
  • Jan 29, 2019 8:45am Jan 29, 2019 8:45am
Is GU up to something. PA is going down but there are no Alan divergences. Could it be trap?

Or is the 7am (GMT) H4 bearish Alan div now playing out?
  • #1,451
  • Jan 29, 2019 9:37am Jan 29, 2019 9:37am
Caught this trade today. As price approached a former H1 EMA top at 1.3127 there was divergence on M5.
Entered level 2 and 3 positions on RSI(5) pullback and continuations.
Hedged on a clear divergence, and closed the hedge on another clear divergence.
The pullback gave me a nice AB=CD target.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #1,452
  • Jan 29, 2019 10:09am Jan 29, 2019 10:09am
Quoting fxmars
Caught this trade today. As price approached a former H1 EMA top at 1.3127 there was divergence on M5. Entered level 2 and 3 positions on RSI(5) pullback and continuations. Hedged on a clear divergence, and closed the hedge on another clear divergence. The pullback gave me a nice AB=CD target. {image}
fxmars, very nicely done.

First of all.. Hi everyone. Been reading, practicing and learning.

fxmars, regarding your trade.. To help me please, the alan div at 14:15, how did you deal with that one.

Thanks Herman
  • #1,453
  • Jan 29, 2019 10:18am Jan 29, 2019 10:18am
My attempt at a screen shot for above.

I also could not see what made the final move up.

Thanks

Herman
Attached Image
  • #1,454
  • Jan 29, 2019 11:50am Jan 29, 2019 11:50am
Quoting Voelhok
My attempt at a screen shot for above. I also could not see what made the final move up. Thanks Herman {image}
Hi Voelhok!
Yes, that is a clear divergence, and many would take a hedge there. The reason I didn't is that I was expecting sideways movement since price hadn't broken out of the previous swing. So instead I tightened the SL, and to be honest wouldn't have been surprised if I was stopped out.
  • #1,455
  • Jan 29, 2019 12:06pm Jan 29, 2019 12:06pm
Quoting fxmars
{quote} Hi Voelhok! Yes, that is a clear divergence, and many would take a hedge there. The reason I didn't is that I was expecting sideways movement since price hadn't broken out of the previous swing. So instead I tightened the SL, and to be honest wouldn't have been surprised if I was stopped out.
Hi fxmars

Thank you for the response.

Not easy for me to read the signals on a day like today and yesterday.
  • #1,456
  • Jan 29, 2019 12:13pm Jan 29, 2019 12:13pm
Quoting Voelhok
. I also could not see what made the final move up. Thanks Herman {image}
Technically it bounced off the EMA and made an impulse move to make a new EMA high. Also see how the EMA was rising throughout the move an made a higher low. These are all good technicals to study to predict price movements.
As Alan teaches, price has a tendency to move between H1 EMA levels. It is astounding how accurate this can be. I was watching the ema level at 3182 to see if price could break through to reach my last target. This swinging from level to level is the roadmap in this kind of trading
  • #1,457
  • Jan 29, 2019 4:30pm Jan 29, 2019 4:30pm
Quoting Voelhok
{quote} Hi fxmars Thank you for the response. Not easy for me to read the signals on a day like today and yesterday.
I'm sure we'll get better with experience. Need a bit of luck now and again too as our stops are so tight. Was a struggle for me yesterday as well but caught a HD about 2 hrs into NY session and made 40 total just before midnight Perth time (had earlier HD for 15, and 3 stop outs to make up for).
  • #1,458
  • Jan 29, 2019 5:48pm Jan 29, 2019 5:48pm
Quoting fxmars
Caught this trade today. As price approached a former H1 EMA top at 1.3127 there was divergence on M5. Entered level 2 and 3 positions on RSI(5) pullback and continuations. Hedged on a clear divergence, and closed the hedge on another clear divergence. The pullback gave me a nice AB=CD target. {image}
A text book trade... Well done
  • #1,459
  • Jan 29, 2019 6:13pm Jan 29, 2019 6:13pm
Quoting Voelhok
{quote} Hi fxmars Thank you for the response. Not easy for me to read the signals on a day like today and yesterday.
It is if you pay attention to the timing.

After that the bears stopped the bulls from breaking out of the range (3162) so having failed on the top side the attempt is made on the bottom side (3077).

Now I don't see the signal on the 1 hour that sent it plummeting except for that possible HD I have marked on the chart. On my chart it didn't actually touch the level but on other peoples it may have depending on the brokers data feed. (check your own charts for this).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 65 KB
  • #1,460
  • Jan 29, 2019 6:22pm Jan 29, 2019 6:22pm
Quoting fxmars
{quote} Technically it bounced off the EMA and made an impulse move to make a new EMA high. Also see how the EMA was rising throughout the move an made a higher low. These are all good technicals to study to predict price movements. As Alan teaches, price has a tendency to move between H1 EMA levels. It is astounding how accurate this can be. I was watching the ema level at 3182 to see if price could break through to reach my last target. This swinging from level to level is the roadmap in this kind of trading
I guess that was my fault since I did not mention the 3162 level.

Note how when it tries to break one level the price itself most often makes the next level, That can clearly be seen it the chart above.

As far as a text book trade goes here is one of my text book examples.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
2 traders viewing now