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Trading the Cable swings via averages

  • #1,481
  • Jan 30, 2019 6:31pm Jan 30, 2019 6:31pm
Quoting quangvision
{quote} Hi Alan, I bet there are other times bar pushed down then run into div so market jumps on it and pushes it up, you entry then it plumps back down hit your stop lost right on that same H1 bar. At close, it finishes as a down bar and of course when you come back you will not see it as HD because that is a down bar. So Alan, don't you see there are such cases and we have to accept the losses? Or you still persist all cases finish as won trades? Thanks
It is the nature of these bars that they don't do what you suggest. But let's have it your way and it does push back then one of two things will happen.
1) It will end in a regular divergence. or
2) If it pushes back again we would be stopped out for no loss because we move the stop.
  • #1,482
  • Jan 30, 2019 7:20pm Jan 30, 2019 7:20pm
Here is a specialise RSI showing its history. You can see on the price chart a bar made the HH but look to the RSI and you see it was a LH so it was for an instant in div the fact that it snapped back made it hidden.

I have searched the charts for ages now and can't find a single one where it didn't perform this way. Maybe there are but I can't find them. Whereas I can find plenty that perform exactly as I said.
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  • #1,483
  • Jan 30, 2019 9:12pm Jan 30, 2019 9:12pm
Quoting Nala66
{quote} Did you miss the short earlier. The dark blue on the black RSI is difficult to see clearly {image}
Thanks, yeah I got to the table late, so had to wait for the next swing.
life is a reflection of what we allow ourselves to see
  • #1,484
  • Jan 30, 2019 11:32pm Jan 30, 2019 11:32pm
Quoting mikeeating
{quote} Thanks, yeah I got to the table late, so had to wait for the next swing.
Ah well we can't help that hey! Got your NBN sorted yet?
  • #1,485
  • Jan 31, 2019 12:36am Jan 31, 2019 12:36am
Quoting Nala66
{quote} Ah well we can't help that hey! Got your NBN sorted yet?
I'm still waiting for the modem, I think they have sent it by horse and carriage , currently tethering off my phone
life is a reflection of what we allow ourselves to see
  • #1,486
  • Jan 31, 2019 1:03am Jan 31, 2019 1:03am
Alan I have a problem with RSI. The left graph is using RSI over RSI (through left indi navigator window)
The right graph is using RSI (fast one) with (apply) previous indicator data.
Which one should we use (since I see differences in the graphs)?
The trade taken could be considered valid? (I am wathcing divergence in 1 hour from the morning, but could not find 5min trade)
You mentioned 108 bar. Is this just Frankfurt open? (1 hour before LO)
If possible would like more examples in ABCD
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  • #1,487
  • Jan 31, 2019 1:17am Jan 31, 2019 1:17am
Could you also take a look for those 5min levels in order to test myself for drawing them.
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  • #1,488
  • Jan 31, 2019 2:36am Jan 31, 2019 2:36am
Quoting forex_dimi
Alan I have a problem with RSI. The left graph is using RSI over RSI (through left indi navigator window) The right graph is using RSI (fast one) with (apply) previous indicator data. Which one should we use (since I see differences in the graphs)? The trade taken could be considered valid? (I am wathcing divergence in 1 hour from the morning, but could not find 5min trade) You mentioned 108 bar. Is this just Frankfurt open? (1 hour before LO) If possible would like more examples in ABCD {image} {image} {image}
Hi ... The right graph that's using RSI (fast one) with (apply) previous indicator data. looks right to me
  • #1,489
  • Jan 31, 2019 2:52am Jan 31, 2019 2:52am
Quoting forex_dimi
Alan I have a problem with RSI. The left graph is using RSI over RSI (through left indi navigator window) The right graph is using RSI (fast one) with (apply) previous indicator data. Which one should we use (since I see differences in the graphs)? The trade taken could be considered valid? (I am wathcing divergence in 1 hour from the morning, but could not find 5min trade) You mentioned 108 bar. Is this just Frankfurt open? (1 hour before LO) If possible would like more examples in ABCD {image} {image} {image}
OK I have checked your chart and the one on the right is correct the one on the left is rubbish.

You had that correct for the hour is was a div and the reason you can't see it on the 5 min is because it was a hidden div.

As for your levels once they are broken they become obsolete so you can take them off. Some levels get left far behind so it is a good idea just to write them in a notebook so when you are approaching these later you can just add a horizontal line where your notebook tells to.
  • #1,490
  • Jan 31, 2019 2:53am Jan 31, 2019 2:53am
Quoting Nala66
Here is a specialise RSI showing its history. You can see on the price chart a bar made the HH but look to the RSI and you see it was a LH so it was for an instant in div the fact that it snapped back made it hidden. I have searched the charts for ages now and can't find a single one where it didn't perform this way. Maybe there are but I can't find them. Whereas I can find plenty that perform exactly as I said. {image}
Allan can you give us the specialise RSI settings if possible
  • #1,491
  • Edited 3:24am Jan 31, 2019 3:03am | Edited 3:24am
Quoting jgoedhals
{quote} Allan can you give us the specialise RSI settings if possible
Not really I am having some issues with it crashing.

Actually it doesn't crash it just takes ages to load heaps of data.

Here was the 5 HD
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  • #1,492
  • Jan 31, 2019 3:27am Jan 31, 2019 3:27am
Actually now I have it loaded here was another one
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  • #1,493
  • Jan 31, 2019 6:10am Jan 31, 2019 6:10am
The last bullish Alan div on H5 that appeared about 15 minutes ago might now propel us northwards particularly as the H4 candle has just closed with a bullish doji.

And for effect, PA has just breezed down to touch the H4 average at 3103 after about 15 hours
  • #1,494
  • Jan 31, 2019 6:25am Jan 31, 2019 6:25am
Quoting Bydyke
The last bullish Alan div on H5 that appeared about 15 minutes ago might now propel us northwards particularly as the H4 candle has just closed with a bullish doji. And for effect, PA has just breezed down to touch the H4 average at 3103 after about 15 hours
In a downtrend the bullish divs are only hedges.
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  • #1,495
  • Jan 31, 2019 6:47am Jan 31, 2019 6:47am
How do we tell whether we can take those the bullish div?
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  • #1,496
  • Jan 31, 2019 7:17am Jan 31, 2019 7:17am
Quoting wilyno
How do we tell whether we can take those the bullish div? {image}
I think you should always take the hedge when u get a signal. Once the hedge starts heading the expected direction we put the stop to BE, so if the original trade keeps going we don't lose any money.
  • #1,497
  • Edited 8:49am Jan 31, 2019 8:38am | Edited 8:49am
It's like the bulls have sound support at 3134, an old M5 average swing hi. It is backed by the Alan div formed at that point and is currently in play.

Not so fast. Maybe PA wants to touch the M5 average at 3129 first.
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  • #1,498
  • Jan 31, 2019 2:49pm Jan 31, 2019 2:49pm
Quoting hocius
{quote} I think you should always take the hedge when u get a signal. Once the hedge starts heading the expected direction we put the stop to BE, so if the original trade keeps going we don't lose any money.
Correct because we never know if the hedge is going to become the primary trade or not. So if the hedge start to work we can close the primary trade and bank the money in favour of the hedge becoming the primary trade to make up any more pips we may require. In this case we should have already made our 40 pips on the down move let alone the number of pips we pick up by hedging.
  • #1,499
  • Jan 31, 2019 3:02pm Jan 31, 2019 3:02pm
So this morning and my 5 min chart looks like this..
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  • #1,500
  • Jan 31, 2019 3:16pm Jan 31, 2019 3:16pm
First of the month so let's take a look at the monthly chart to see what is there.
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We see the bears are still holding the ball but the bulls are trying to get it back. We may get an exciting month if the bulls do make a run across the EMA.

However the reality is the chart is telling us very little so no joy there.
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