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Trading the Cable swings via averages

  • #1,961
  • Feb 20, 2019 7:40am Feb 20, 2019 7:40am
Quoting Nala66
This is the 5th test of the bull support by the bears and they haven't broken it yet {image}

GU is at its deceptive best. That M5 bull support has now been taken out. The last H1 candle had set-up both M5 and M15 bullish runs and now the reverse is the case; a bearish run is in the offing. So who wins this; bears or bulls. we shall see, soon

Indeed, we shall get a clue from H4 within the next 15 minutes
  • #1,962
  • Edited 8:24am Feb 20, 2019 8:11am | Edited 8:24am
The H4 candle has printed and even though the doji is bear-coloured, it is bullish. The Alan div it formed is bullish. The last two consecutive Alan divs on H1 are also bullish.

And it's like GU has spent the whole of today, up to this point, to carve out a bull support on H1 at 3022
Attached Image(s) (click to enlarge)
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  • #1,963
  • Feb 20, 2019 9:41am Feb 20, 2019 9:41am
Bullish rallies on all TFs. 3126 here we come
  • #1,964
  • Feb 20, 2019 11:02pm Feb 20, 2019 11:02pm
Morning all,

ABCD pattern on the 4hr. I think its correct?

Attached Image (click to enlarge)
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  • #1,965
  • Feb 21, 2019 12:51am Feb 21, 2019 12:51am
The hourly also has a regular bullish divergence
  • #1,966
  • Feb 21, 2019 12:51am Feb 21, 2019 12:51am
Quoting Nala66
This is the 5th test of the bull support by the bears and they haven't broken it yet {image}
Yeah! , just under an hour later it took off like a fire cracker
Attached Image (click to enlarge)
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life is a reflection of what we allow ourselves to see
  • #1,967
  • Feb 21, 2019 12:58am Feb 21, 2019 12:58am
5 min has bullish divergence

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-21-19 at 09.57 AM.PNG Size: 25 KB
  • #1,968
  • Feb 21, 2019 2:18am Feb 21, 2019 2:18am
Hope we are all long and watching this
Attached Image (click to enlarge)
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  • #1,969
  • Feb 21, 2019 2:19am Feb 21, 2019 2:19am
well this is awesome
life is a reflection of what we allow ourselves to see
  • #1,970
  • Feb 21, 2019 2:24am Feb 21, 2019 2:24am
Attachment g
Attached Image (click to enlarge)
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  • #1,971
  • Feb 21, 2019 2:27am Feb 21, 2019 2:27am
That was pretty painless
  • #1,972
  • Feb 21, 2019 2:33am Feb 21, 2019 2:33am
Quoting mikeeating
{quote} Yeah! , just under an hour later it took off like a fire cracker {image}
Yep the US session is performing well lately, maybe that it is too cold to play outside
  • #1,973
  • Edited 3:03am Feb 21, 2019 2:34am | Edited 3:03am
Because I would love to see more live trades

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Exit decided after the first red M1 bar in the area 0f 40 to 50 pips from first entry.
Attached Image (click to enlarge)
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Trading S/R with PA only. No indicators anymore!
  • #1,974
  • Feb 21, 2019 2:35am Feb 21, 2019 2:35am
Quoting russian30
That was pretty painless
Well done now what are you going to do for the rest of the day? Shopping!
  • #1,975
  • Feb 21, 2019 2:39am Feb 21, 2019 2:39am
Quoting Jazz1964
Exit decided after the first red M1 bar in the area 0f 40 to 50 pips from first entry.
That is fine, no need to be greedy. You have the rest of the day to tell folks how good you are
  • #1,976
  • Feb 21, 2019 2:41am Feb 21, 2019 2:41am
I don't think you guys need me anymore. I have made myself redundant
  • #1,977
  • Feb 21, 2019 2:41am Feb 21, 2019 2:41am
How did you trade Alan, mind to show us?
I wasn't able to get a third trade on. I guess you couldn't do that either?
Trading S/R with PA only. No indicators anymore!
  • #1,978
  • Feb 21, 2019 2:46am Feb 21, 2019 2:46am
Quoting Jazz1964
How did you trade Alan, mind to show us? I wasn't able to get a third trade on. I guess you couldn't do that either?
I didn't try for three trades on, I just went with my $25 a pip. Set the TP to 40 and moved the stop to BE +1 once it crossed the EMA and the rest is history. I was in another room watching tv for most of the time.
  • #1,979
  • Feb 21, 2019 2:49am Feb 21, 2019 2:49am
Quoting Nala66
I don't think you guys need me anymore. I have made myself redundant
Haha, well I still do need some extra backup. Realtime, when both pos and neg divergences are all around the place, then it is hard to decide how to trade.
Also, I am very curious about your live trades, 2nd and 3rd positionings and taking profits.
Not to forgot, taking stops.
Your live charts would be the of best help. And I know, everybody makes mistakes. No worries about that as long as we develop.
Trading S/R with PA only. No indicators anymore!
  • #1,980
  • Feb 21, 2019 2:53am Feb 21, 2019 2:53am
https://www.forexfactory.com/showthr...9#post12024579

I am still puzzled why I was trading Long yesterday in the morning session. I critisize myself for that. Am I the only one who took Longs while H1 showed neg div, and the only one who regrets that?
Trading S/R with PA only. No indicators anymore!
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