Trading the Cable swings via averages | Page 89 | 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

  • #1,761
  • Feb 12, 2019 3:00am Feb 12, 2019 3:00am
Try to follow this logic.....

We had the dotted lines all of which were in divergence however price was running for the ABCD targets on both the 1 hour and the 4 hour. So until the target was hit at B the divergences were not going to kick in..

Now we have the divergence at B price should try to cross the EMA but it ran into the continuation divergence forming the ABCD. The div has failed so price should make the lower low which it has.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #1,762
  • Feb 12, 2019 3:12am Feb 12, 2019 3:12am
Quoting Nala66
Try to follow this logic..... We had the dotted lines all of which were in divergence however price was running for the ABCD targets on both the 1 hour and the 4 hour. So until the target was hit at B the divergences were not going to kick in.. Now we have the divergence at B price should try to cross the EMA but it ran into the continuation divergence forming the ABCD. The div has failed so price should make the lower low which it has. {image}
"The div has failed" - means bullish div failed because bearish continuation div appears and forms ABC?
  • #1,763
  • Feb 12, 2019 3:34am Feb 12, 2019 3:34am
Did you all catch this
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
  • #1,764
  • Feb 12, 2019 3:40am Feb 12, 2019 3:40am
We now have an ABCD on the 5 min
  • #1,765
  • Feb 12, 2019 3:45am Feb 12, 2019 3:45am
Quoting Nala66
Did you all catch this {image}
Not personally as was in hedge at that time.
  • #1,766
  • Feb 12, 2019 3:55am Feb 12, 2019 3:55am
Quoting Nala66
Did you all catch this {image}
is that bullish HD?

Im still short, just released the hedge and added another short but my stop @ BE already

edit stopped
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 18 KB
life is a reflection of what we allow ourselves to see
  • #1,767
  • Feb 12, 2019 4:05am Feb 12, 2019 4:05am
I'm in a similar state of affairs
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-12-19 at 01.05 PM.PNG Size: 26 KB
  • #1,768
  • Feb 12, 2019 4:33am Feb 12, 2019 4:33am
You seem to be getting your shorts in very late
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #1,769
  • Feb 12, 2019 4:34am Feb 12, 2019 4:34am
I'm all in with stops at breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-12-19 at 01.33 PM.PNG Size: 31 KB
  • #1,770
  • Feb 12, 2019 4:44am Feb 12, 2019 4:44am
You can't ignore signals
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #1,771
  • Feb 12, 2019 4:48am Feb 12, 2019 4:48am
Quoting Nala66
You can't ignore signals {image}
damn! should have hedged.
  • #1,772
  • Feb 12, 2019 4:53am Feb 12, 2019 4:53am
do you trade off the 1 min chart Alan?
life is a reflection of what we allow ourselves to see
  • #1,773
  • Feb 12, 2019 5:15am Feb 12, 2019 5:15am
Quoting mikeeating
do you trade off the 1 min chart Alan?
Not very often but if the Asian session is moving a tad I may have a go using the 5 and 1 minute.

Also if I want to add more shorts to a current trade then I may take the 1 minute spikes
  • #1,774
  • Edited 9:36pm Feb 12, 2019 9:10pm | Edited 9:36pm
Morning all,

Both the 50% levels from the continuation divergence ABCD pattern were hit yesterday, Should we now remove these levels from the chart/analysis? As it looks like there is no continuation divergence on the hourly today, does that mean we are using 29360 (yesterday swing high) and 29390 (ABCD 100% level) as our target to the up side? thanks.
  • #1,775
  • Feb 12, 2019 11:26pm Feb 12, 2019 11:26pm
There are few high impact news for GBP at 09:30 AM (GMT)
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 108 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #1,776
  • Feb 13, 2019 12:32am Feb 13, 2019 12:32am
Bearish RSI divergence on 1H, Regular and RSI bearish divergences on 5m but price stagnant atm.
  • #1,777
  • Feb 13, 2019 12:56am Feb 13, 2019 12:56am
And also getting HD in cable. My problem is that I don't trust signals that time.
  • #1,778
  • Feb 13, 2019 1:21am Feb 13, 2019 1:21am
Could not resist.
I think this is the graph everyone is looking
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-m5-fxcm-australia-pty-3.png Size: 163 KB
Click to Enlarge Name: gbpusd-h1-fxcm-australia-pty.png Size: 160 KB
  • #1,779
  • Edited 4:58am Feb 13, 2019 4:03am | Edited 4:58am
Bearish signals mentioned earlier for 1H and 5m played out just fine. First HD stopped out rapidly but subsequent was good.

Alan, in these cases will you generally re-enter on the pullback to the entry within the same candle? Would've worked fine this time but my fear here is if price oscillates around the entry level you could get done in several times.

Hedge should've been stopped out but since a bullish HD was forming near hedge BE it was left on.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 29 KB
  • #1,780
  • Feb 13, 2019 4:15am Feb 13, 2019 4:15am
Nice bullish divergence on the 5 min coupled with a possible ema bounce on the 1 hour
20 traders viewing now