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Trading the Cable swings via averages

  • #1,741
  • Feb 12, 2019 12:57am Feb 12, 2019 12:57am
I think I'm seeing bearish divergence on the 1 hour and the 5 min.

1hour
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5 min
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  • #1,742
  • Feb 12, 2019 1:15am Feb 12, 2019 1:15am
Up to stage 2 with shorts (1st HD, 2nd pivot pass) - waiting for bear support for third entry but not looking good as yet.
  • #1,743
  • Feb 12, 2019 1:42am Feb 12, 2019 1:42am
Bulls failed first attempt at ABCD -50%
  • #1,744
  • Feb 12, 2019 1:44am Feb 12, 2019 1:44am
Quoting drsa1970
Alan, What do you think if this hidden divergence in H1 is gonna play the major role today .... {image}
That isn't a hidden divergence
  • #1,745
  • Feb 12, 2019 1:46am Feb 12, 2019 1:46am
Quoting Nala66
{quote} That isn't a hidden divergence
yesss ... got it , thanks...
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #1,746
  • Feb 12, 2019 1:48am Feb 12, 2019 1:48am
Still waiting for bear support.

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  • #1,747
  • Feb 12, 2019 1:55am Feb 12, 2019 1:55am
Not to be for now.
  • #1,748
  • Feb 12, 2019 1:56am Feb 12, 2019 1:56am
Just this one signal so far 5 min
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  • #1,749
  • Feb 12, 2019 1:57am Feb 12, 2019 1:57am
Quoting davidmaree
Still waiting for bear support. {image}
Not really enough room to find bear support hey!

Just shot down to the target instead
  • #1,750
  • Feb 12, 2019 1:58am Feb 12, 2019 1:58am
Looking at the 1H EMA for Bear support.
  • #1,751
  • Feb 12, 2019 2:00am Feb 12, 2019 2:00am
Now we have a signal on the 1 hour
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  • #1,752
  • Feb 12, 2019 2:01am Feb 12, 2019 2:01am
Quoting Nala66
{quote} Not really enough room to find bear support hey! Just shot down to the target instead
Ok, thanks Alan, understood.
  • #1,753
  • Feb 12, 2019 2:03am Feb 12, 2019 2:03am
I was watching the potential long (I think), but unfortunately could not find the technical reason for the entry (ignore the short signals-I always try to draw both signals)
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  • #1,754
  • Feb 12, 2019 2:05am Feb 12, 2019 2:05am
Quoting Voelhok
Looking at the 1H EMA for Bear support.
I think you mean bull support
  • #1,755
  • Feb 12, 2019 2:07am Feb 12, 2019 2:07am
Quoting forex_dimi
I was watching the potential long (I think), but unfortunately could not find the technical reason for the entry (ignore the short signals-I always try to draw both signals) {image} {image}
Not your fault the entry was yesterday on the 1 hour chart at B on my 1 hr chart above
  • #1,756
  • Feb 12, 2019 2:12am Feb 12, 2019 2:12am
Quoting Nala66
{quote} I think you mean bull support
No, unless I have it wrong. The bounce off the EMA 1H?
  • #1,757
  • Feb 12, 2019 2:18am Feb 12, 2019 2:18am
Quoting forex_dimi
I was watching the potential long (I think), but unfortunately could not find the technical reason for the entry (ignore the short signals-I always try to draw both signals) {image} {image}
The top chart is drawn wrongly, there is no signal there
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  • #1,758
  • Feb 12, 2019 2:22am Feb 12, 2019 2:22am
Quoting Voelhok
{quote} No, unless I have it wrong. The bounce off the EMA 1H?
Sorry I see what you mean now.

No that wouldn't be a bear support because price has to have come from above the EMA to find a bear support. The bear support is at 29518
  • #1,759
  • Feb 12, 2019 2:26am Feb 12, 2019 2:26am
Quoting Nala66
{quote} Sorry I see what you mean now. No that wouldn't be a bear support because price has to have come from above the EMA to find a bear support. The bear support is at 29518
Haha. Ok I understand.

Your input is invaluable an much appreciated. I learn a lot, especially up to date comments as you are doing.
  • #1,760
  • Feb 12, 2019 2:32am Feb 12, 2019 2:32am
Quoting Nala66
{quote} The top chart is drawn wrongly, there is no signal there {image}
Thanks again Alan. Please continue this work. Thus for ABCD we need B,C at the (more or less) the same lvl, and divergence (I was watching only for the divergence)
Really SLOW learner

PS took a short (not helped by 1h-only a possible ema rejection, but also need 30min for candle close), but I think for 5 min that signal could be taken.
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