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Trading the Cable swings via averages

  • #2,121
  • Feb 26, 2019 4:10am Feb 26, 2019 4:10am
Quoting russian30
Seeing we've hit the target, maybe you guys can help me with this continuation divergence pivot issue I can't seem to get my head around?
Perhaps it would be better to Skype me and I can talk you through it much better than screen shots.
  • #2,122
  • Feb 26, 2019 4:10am Feb 26, 2019 4:10am
Quoting Nala66
{quote} Don't beat yourself up. Remember how long it took you to be an astronaut.

... Thanks
Trading S/R with PA only. No indicators anymore!
  • #2,123
  • Feb 26, 2019 4:12am Feb 26, 2019 4:12am
Quoting quangvision
{quote} What could you do with these situations? Close current long trade and open hedge?
Well if you have not already made enough profit just tighten the stop to the bottom of each bar. Then you would be stopped out at a lower low.
  • #2,124
  • Feb 26, 2019 4:16am Feb 26, 2019 4:16am
Quoting Nala66
{quote} Well if you have not already made enough profit just tighten the stop to the bottom of each bar. Then you would be stopped out at a lower low.
And what is about the hedge trade?
  • #2,125
  • Feb 26, 2019 4:22am Feb 26, 2019 4:22am
Quoting quangvision
{quote} And what is about the hedge trade?
Hedge trades were played out ages ago when we had the two bear divergences on the 5 min.
  • #2,126
  • Feb 26, 2019 4:27am Feb 26, 2019 4:27am
Quoting Nala66
{quote} Perhaps it would be better to Skype me and I can talk you through it much better than screen shots.
Thanks. I just messaged you.
  • #2,127
  • Feb 26, 2019 4:33am Feb 26, 2019 4:33am
Here were the hedges...
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  • #2,128
  • Feb 26, 2019 4:48am Feb 26, 2019 4:48am
Quoting russian30
{quote} Thanks. I just messaged you.
I messaged you back
  • #2,129
  • Feb 26, 2019 4:57am Feb 26, 2019 4:57am
Nearly there
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  • #2,130
  • Feb 26, 2019 5:11am Feb 26, 2019 5:11am
The daily may have made it, see I have a slightly lower target there.
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  • #2,131
  • Feb 26, 2019 5:29am Feb 26, 2019 5:29am
See how this daily chart gave us three options, I would say go for the lowest target and then you won't be disappointed
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  • #2,132
  • Feb 26, 2019 5:35am Feb 26, 2019 5:35am
What is this weekly one going to do I wonder
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  • #2,133
  • Feb 26, 2019 8:24am Feb 26, 2019 8:24am
Is this created correctly? Exercise...

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Trading S/R with PA only. No indicators anymore!
  • #2,134
  • Feb 26, 2019 8:38am Feb 26, 2019 8:38am
Quoting Nala66
What is this weekly one going to do I wonder {image}
Hi Alan, may i know under what circumstances will this weekly abcd be invalidated?
  • #2,135
  • Feb 26, 2019 8:39am Feb 26, 2019 8:39am
Hi Jazz1964,

I know I'm going to regret this and someone is going to point out the obvious error but it does look correct to me

Cheers...Des
  • #2,136
  • Feb 26, 2019 1:09pm Feb 26, 2019 1:09pm
Quoting Nala66
Here were the hedges... {image}
Allan what interference did you use on the 1hr to buy?
  • #2,137
  • Feb 26, 2019 1:26pm Feb 26, 2019 1:26pm
Quoting Nala66
{quote} 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...
Allan does the divergences always complete one side or the other?
  • #2,138
  • Feb 26, 2019 4:36pm Feb 26, 2019 4:36pm
Quoting Nala66
What is this weekly one going to do I wonder {image}
Alan, this chart makes me wonder if in your experience the location of the C point contributes toward the likelihood of continuation? So in this weekly example, if the C point was below the EMA or close to another resistance level (EMA HH/LL, ABCD targets or contention lvls etc..) does that make any difference at all?
  • #2,139
  • Feb 26, 2019 6:00pm Feb 26, 2019 6:00pm
Quoting wilyno
{quote} Hi Alan, may i know under what circumstances will this weekly abcd be invalidated?
Yep I am going to write that up directly...
  • #2,140
  • Feb 26, 2019 6:03pm Feb 26, 2019 6:03pm
Quoting jgoedhals
{quote} Allan what interference did you use on the 1hr to buy?
We were trading above the EMA heading for a previous average swing high so the 5 min gave us an entry in the long direction.
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