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Trading the Cable swings via averages

  • #1,581
  • Feb 5, 2019 3:01am Feb 5, 2019 3:01am
Quoting davidmaree
{quote} It was a hidden divergence, which suggests that price should return to the EMA.
I don't question the short (I was watching the divergence) and really don't question your trade. I am just impressed with the price taken that is why I am asking.
I am wrong or was it taken at the close of that green candle?
  • #1,582
  • Feb 5, 2019 3:05am Feb 5, 2019 3:05am
It still looks like the bears are trying for the lower swing low but the bulls are giving them some curry.
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  • #1,583
  • Feb 5, 2019 3:07am Feb 5, 2019 3:07am
Quoting forex_dimi
{quote} I don't question the short (I was watching the divergence) and really don't question your trade. I am just impressed with the price taken that is why I am asking. I am wrong or was it taken at the close of that green candle?
We don't take HD on the close, we take them when they actually run into regular divergence and then they snap back.
  • #1,584
  • Feb 5, 2019 3:07am Feb 5, 2019 3:07am
Quoting forex_dimi
{quote} I don't question the short (I was watching the divergence) and really don't question your trade. I am just impressed with the price taken that is why I am asking. I am wrong or was it taken at the close of that green candle?
No worries, for HD's Alan's advice is to take it as it occurs so in this case I did not wait for the close.
  • #1,585
  • Feb 5, 2019 3:11am Feb 5, 2019 3:11am
So if you see a divergence forming on the 1 hour drop to your 5 min and look for an entry and a shorter stop.

On the 5 min you should see something like a regular div, RSI div or even an overbought situation.
  • #1,586
  • Feb 5, 2019 3:13am Feb 5, 2019 3:13am
Looks to me like the bears are just in a holding situation as the EMA slowly comes down.
  • #1,587
  • Feb 5, 2019 3:37am Feb 5, 2019 3:37am
Can't win them all. Both long hedges out at BE, and news spike took my short out at BE.
  • #1,588
  • Feb 5, 2019 4:18am Feb 5, 2019 4:18am
Well that was a nice HD from the top down but the ones from the bottom up are not doing too good.
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  • #1,589
  • Feb 5, 2019 4:44am Feb 5, 2019 4:44am
Alan, just to clarify some doubts I have about HD. We draw a line with the 1SMA to the next price high and compare that line with the slow RSI?
  • #1,590
  • Feb 5, 2019 4:56am Feb 5, 2019 4:56am
Quoting hocius
Alan, just to clarify some doubts I have about HD. We draw a line with the 1SMA to the next price high and compare that line with the slow RSI?
We draw the line of the SMA pivot horizontally.

If price passes it but on the RSI the slow RSI does not pass that same pivot it is in divergence. Same as any other divergence. The difference is in the timing. People will see the divergence and short it this makes it snap back so we no longer see it.
  • #1,591
  • Feb 5, 2019 5:01am Feb 5, 2019 5:01am
Quoting Nala66
Well that was a nice HD from the top down but the ones from the bottom up are not doing too good. {image}
Had to pass on that HD just before the news candle as my spread had jumped to more than 5 pips!!
  • #1,592
  • Feb 5, 2019 5:14am Feb 5, 2019 5:14am
Quoting hocius
Alan, just to clarify some doubts I have about HD. We draw a line with the 1SMA to the next price high and compare that line with the slow RSI?
Just take a look at the 1 hour chart and look at the direction....short uh.

Where may the price be going to … 2882 possibly

What is your primary trade direction... Short

So we are looking for signals on the 5 min that take us short and we hedge any that take it long.

Why do we hedge...Because the move may stop the EMA and even turn it around.

It is the same thing every day look for the bias direction and trade it accordingly with whatever signals we get.
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  • #1,593
  • Feb 5, 2019 5:16am Feb 5, 2019 5:16am
Quoting davidmaree
{quote} Had to pass on that HD just before the news candle as my spread had jumped to more than 5 pips!!
Yes it would have been nice if we had a 50 pip target but we wasn't to know it would go this far
  • #1,594
  • Edited 6:32am Feb 5, 2019 5:40am | Edited 6:32am
Quoting Nala66
{quote} Just take a look at the 1 hour chart and look at the direction....short uh. Where may the price be going to … 2882 possibly What is your primary trade direction... Short So we are looking for signals on the 5 min that take us short and we hedge any that take it long. Why do we hedge...Because the move may stop the EMA and even turn it around. It is the same thing every day look for the bias direction and trade it accordingly with whatever signals we get. {image}
Excellent!! Very well explained.

Thank you!

Aleix
  • #1,595
  • Feb 5, 2019 6:31am Feb 5, 2019 6:31am
Quoting Nala66
{quote} This is a problem but our trade is all locked up anyway so not a real worry and besides that the fast RSI is still below the slow which is actually another sell signal. P.S. Phew!
I'm reviewing and analyzing this chart, did you mean another buy signal?
  • #1,596
  • Feb 5, 2019 8:19am Feb 5, 2019 8:19am
HD short blasted through D point from Alan ABCD for 40. Have a good day/night all.

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  • #1,597
  • Feb 5, 2019 4:32pm Feb 5, 2019 4:32pm
Quoting davidmaree
HD short blasted through D point from Alan ABCD for 40. Have a good day/night all. {image}
Having run out of targets on the 1 hour look to the 4 hour. The pushes at the 1 hour level indicate we should see this 4 hr make the D level. Note how even at this time frame the push long failed at the 50%.
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  • #1,598
  • Feb 5, 2019 5:21pm Feb 5, 2019 5:21pm
Quoting Nala66
{quote} Having run out of targets on the 1 hour look to the 4 hour. The pushes at the 1 hour level indicate we should see this 4 hr make the D level. Note how even at this time frame the push long failed at the 50%. {image}
Useful tip, thanks Alan.
  • #1,599
  • Edited Feb 6, 2019 12:34am Feb 5, 2019 11:54pm | Edited Feb 6, 2019 12:34am
We have a 5 min continuation forming the ABCD and it has failed long at the 50%.
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  • #1,600
  • Feb 6, 2019 1:27am Feb 6, 2019 1:27am
And there we go..
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