Don't forget that 4 hour target ( 2886 )
Trading the Cable swings via averages
Alan thanks for all your effort, please keep on.
Have questions
. I can understand A and C points. B why drawn there and not 2 bars earlier (in the pip counting would not change much but I want the reason behind that.)
Are you using mt4's fibo expansion lines tool to draw the ABCD?
In 1 hour had almost hd (at least divergence). When D was hit did we have the "ok" to search longs or wait the 4h?
Finally if have long, the target (except money) would have been the 1h ema or D ?
Have questions
. I can understand A and C points. B why drawn there and not 2 bars earlier (in the pip counting would not change much but I want the reason behind that.)Are you using mt4's fibo expansion lines tool to draw the ABCD?
In 1 hour had almost hd (at least divergence). When D was hit did we have the "ok" to search longs or wait the 4h?
Finally if have long, the target (except money) would have been the 1h ema or D ?
- #1,604
- Feb 6, 2019 5:20am Feb 6, 2019 5:20am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
Alan thanks for all your effort, please keep on. Have questions
Lets consider AC first... This is a line drawn from the attacking pivot to the pivot being attacked on the price chart. If the right side C is lower than A we then check the corresponding pivots on the slow RSI. If the right side is higher than the left then we have the divergence.
Now we look for the B point and this is always the lowest low (or highest high) between the two conflicting pivots. We are only looking at the closes.
We can now connect the points to form the ABC triangle and the target is the distance AB from C. = D
D is a support ( or resistance ) to be broken.
These trades are difficult to since we don't know if they are continuation divergences or reversal divergences. So we need more information.
If our signal is on the 5 min chart then we need to observe what the 1 hour chart is doing so we can have a god idea which way to go.
So we get this below
- #1,605
- Feb 6, 2019 5:24am Feb 6, 2019 5:24am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
Alan thanks for all your effort, please keep on. Have questions
The 1 hour was a regular div got the go signal on the 5 min..
When it got to the EMA we got the short signal on the 5 min.
- #1,610
- Edited 4:55pm Feb 6, 2019 9:44am | Edited 4:55pm
- Joined Nov 2018 | Status: Trader | 3,014 Posts
To follow up on the previous post I only noticed this massive clue at an interesting ABCD location when reviewing this morning. I think the reason I was blind to it yesterday is everything was screaming bearish PA but as Alan has pointed out repeatedly - play the signals 
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. - #1,613
- Feb 6, 2019 6:33pm Feb 6, 2019 6:33pm
- Joined Mar 2016 | Status: Trader | 6,389 Posts
To follow up on the previous post I only noticed this massive clue at an interesting ABCD location when reviewing this morning. I think the reason I was blind to it yesterday is everything was screaming bearish PA but as Alan has pointed out repeatedly - play the signals
I can see on your chart the lines have the dreaded jaggies. This is the magnetic sensitivity trying to snap to a point.
GoTo Tools, Options, Objects and set the magnetic sensitivity to zero.
This helps when trying to draw between a field of bars.
- #1,617
- Edited 2:30am Feb 7, 2019 2:19am | Edited 2:30am
- | Joined Apr 2017 | Status: Trader | 201 Posts
Well that was a fast finish bang on the open the bears hit the D target on the 5 min chart after being as flat as a tack all day.
