Trading the Cable swings via averages

Thank you for these analyses Alan. Great stuff.

Keep one eye on the interactions being played out on each time frame. Great for determining the general direction.

looks like there is 2 bear div on the hourly

I can't tell what this is saying at the moment

London still sleeping

Hi all, apologize for a long absence, but have some health issues.
Would this considered as a hd? or just a divergence?

That was a plain old bearish divergence

The M5 run/rally is on and has seen 40 pips already. At present the bears on the 3090 areas are holding out the bulls. Whether we can get a textbook bull support from the bears' reaction remains to be seen but clearly 3126 is now on the radar. We must not, however, lose sight of the bearish Alan divergences on H4 and H1

seems to be stuck in this 1hr range is it not?

Today is shaping up like one of those difficult days. Instead of getting a bull support on M5, after all the TFs have posted a bullish run, we now have bearish warning up to H1 off that last bearish Alan div on M15. Infact, M5 is now bearish and is tilting to a bearish run.

Patience is the game.


ADDENDUM: M15 has just posted a bullish Alan div. The preceding bearish Alan div pushed PA down by 42 pips. Will this one retaliate?

EMA's
D1 H4 and H1 being bullish
M5 bounced from an old high.

Would like to see bullish div on M5.

The bulls are back! M5 has printed what may become the bull support. We keep our fingers crossed

Should be a clear run now to 3147

That would be nice. M5 and M15 bullish rallies are back on track

A tough day alright. The bulls and the bears are baring their strength on equal measure. The bulls are yet to concede the H1 average however, even though the average has now flattened

H1 average has just fallen to the bears. M5 is posting a bear support. Let's see how far the bears will go

TP hit @ 1.3140, thanks Alan

This is the second time in a row you have said this without reading the signal the chart is telling you and it is becoming annoying.

Crossing an average is meaningless unless a support is found.

This crossing was just a retest of the bull support and the bears got caught in a bullish continuation div by testing it.

The bulls then went on to hit the target

1) Each time we have had a bearish div (in this case) it returns price to the EMA
2) This return is where a decision point is made (DP) in the form of a continuation div

This one hour chart shows it all very clearly.

1) Began with a bear div. Has passed the 50% but not yet completed.
2) Began with a bear div. Has completed
3) Began with a bear div. Bears found support target hit to the short side.
4) Began with a bear div. Has completed

So the only one outstanding at this time is number 1.

There are higher ones too

I realise I have missed this target off the chart above because I was trying to show the moves within the moves.

Here is the full picture and I have included it as number 5.

Note also by drawing the targets with lines on the higher time frame like this it is very difficult to be pip perfect the proper way is to do the math by taking the actual AB distance and adding it to C but I am too lazy and just draw near enough lines.

Edit...and by the way number 5 also started with a bear div at A