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Trading the Cable swings via averages

  • #2,181
  • Edited Feb 28, 2019 12:09am Feb 27, 2019 11:54pm | Edited Feb 28, 2019 12:09am
Early bird for me today. Inference from bearish 4H RSI div still playing out, and entry all-in with HD. 8 from hedge after regular bull div, and balance from HD short trade.

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  • #2,182
  • Feb 28, 2019 12:08am Feb 28, 2019 12:08am
I am trading short GU with bearish RSI div on H4 and entry on bears found support on M5.
Exact target defined on H1 which is very close to H4 average where price is heading to.
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  • #2,183
  • Feb 28, 2019 12:34am Feb 28, 2019 12:34am
my bets are on a 3350 retest
  • #2,184
  • Edited 1:28am Feb 28, 2019 12:53am | Edited 1:28am
I'm not a pro yet on measured moves, so pls correct me if I see it wrong.
On H1 I updated the first projection and added a second projection.

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First projection:
100% = 1.3379
50% = 1.3332
-50% = 1.3238
-100% = 1.31914

Second projection:
100% = 1.3563
50% = 1.3424
-50% = 1.3147
-100% = 1.3008
Trading S/R with PA only. No indicators anymore!
  • #2,185
  • Feb 28, 2019 1:44am Feb 28, 2019 1:44am
I agree with your first projection figures Jazz because price was attacking the low pivot of 1.3241
  • #2,186
  • Feb 28, 2019 1:55am Feb 28, 2019 1:55am
Sorry for posting after the fact but I thought it was worthwhile to show

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Trading S/R with PA only. No indicators anymore!
  • #2,187
  • Feb 28, 2019 2:02am Feb 28, 2019 2:02am
Quoting davidmaree
Early bird for me today. Inference from bearish 4H RSI div still playing out, and entry all-in with HD. 8 from hedge after regular bull div, and balance from HD short trade.
Perfection that is!

Just that I didn't had the guts to trade short in the big uptrend with H1 bull div
Trading S/R with PA only. No indicators anymore!
  • #2,188
  • Feb 28, 2019 3:59am Feb 28, 2019 3:59am
Quoting Jazz1964
{quote} Perfection that is! Just that I didn't had the guts to trade short in the big uptrend with H1 bull div
Thanks for the compliment. In this case the hidden divergence close to the 50% of the drawn ABCD is a good place, in my opinion, to enter. Because of the time I was only expecting a scalp to the lower D point or an opportunity to hedge upon a divergence signal. Turns out the scalp became the daily trade (with some luck as the bullish pullback was only just too weak).

As for guts all I can share is that when I started caring less and trusting the signals the trades became better.
  • #2,189
  • Feb 28, 2019 6:20am Feb 28, 2019 6:20am
GU is pushing down as H4 bearish RSI div. Early London opening moments were messy on M5 but bullish div on H1 helped to define what direction to look for divs on M5 and now I achieved target for today trading
  • #2,190
  • Feb 28, 2019 7:28am Feb 28, 2019 7:28am
H1 showing pos.div in the RSI's
M5 heading to its bear.div, target.

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Question is if that M5 target will be reached and if a pos.div. will be printed, in line with H1.
Trading S/R with PA only. No indicators anymore!
  • #2,191
  • Feb 28, 2019 2:32pm Feb 28, 2019 2:32pm
Hi Nala tried to contact you over SKYPE and got no answer. what is the best way to contact u?
  • #2,192
  • Feb 28, 2019 9:57pm Feb 28, 2019 9:57pm
H4: while moving towards the MA, there is positive continuation divergance in development.
H1: We are below the MA with bear support. There is pos.div. in the RSI's last night. RSI tops are rising but not in price. That's continuation divergence down. So those are mixed readings.
Trading S/R with PA only. No indicators anymore!
  • #2,193
  • Feb 28, 2019 10:12pm Feb 28, 2019 10:12pm
No excuses now for not finding the last 26 ema hump average target. I had this indicator coded specifically and thought I would share it. It draws horizontal lines from previous 26 ema humps created from the #MA_in_color indicator. This indicator has the #MA_in_color indicator built into it with the same settings as the one Alan posted at the beginning of the thread. Price labels next to the horizontal lines can be displayed and moved into the future if required. If you don't want the price labels just set the colour to none. Colours and line styles can be changed as well. I suggest setting the max bars in history on your mt4 to the maximum so the indicator can read the ema humps from way back in time.
Attached Image (click to enlarge)
Click to Enlarge Name: 26 EMA Humps.PNG Size: 64 KB
Attached File(s)
File Type: ex4 26 EMA Humps.ex4   22 KB | 393 downloads
  • #2,194
  • Feb 28, 2019 10:25pm Feb 28, 2019 10:25pm
Quoting Jazz1964
H4: while moving towards the MA, there is positive continuation divergance in development. H1: We are below the MA with bear support. There is pos.div. in the RSI's last night. RSI tops are rising but not in price. That's continuation divergence down. So those are mixed readings.
Im looking for shorts based on price being below the moving average on the 1 hour
  • #2,195
  • Feb 28, 2019 10:37pm Feb 28, 2019 10:37pm
That's great work MrMagnat!
I didn't download it yet because I want to ask you if you can change it a bit.
Your horizontal line ends when price crosses the line.
But can you make it that the line ends when the MA crosses the line at bar close?

Is it possiple for the user to modify the horizontal line properties?

It's an awesome idea Mr.
Thanks a lot for sharing.
Trading S/R with PA only. No indicators anymore!
  • #2,196
  • Feb 28, 2019 10:40pm Feb 28, 2019 10:40pm
Quoting MrMagnet
No excuses now for not finding the last 26 ema hump average target. I had this indicator coded specifically and thought I would share it. It draws horizontal lines from previous 26 ema humps created from the #MA_in_color indicator. This indicator has the #MA_in_color indicator built into it with the same settings as the one Alan posted at the beginning of the thread. Price labels next to the horizontal lines can be displayed and moved into the future if required. If you don't want the price labels just set the colour to none. Colours and line styles...
That's brilliant! many thanks
  • #2,197
  • Feb 28, 2019 10:42pm Feb 28, 2019 10:42pm
on the 5 min

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  • #2,198
  • Feb 28, 2019 10:45pm Feb 28, 2019 10:45pm
bullish hd on the 5
  • #2,199
  • Feb 28, 2019 11:22pm Feb 28, 2019 11:22pm
I'm in based on rejection of the 5 min EMA and a bearish divergence and price being below the 1 hour MA

Edit - Just notice the bullish signals on the 1 hour!!

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  • #2,200
  • Feb 28, 2019 11:23pm Feb 28, 2019 11:23pm
Quoting Jazz1964
That's great work MrMagnat! I didn't download it yet because I want to ask you if you can change it a bit. Your horizontal line ends when price crosses the line. But can you make it that the line ends when the MA crosses the line at bar close? Is it possiple for the user to modify the horizontal line properties? It's an awesome idea Mr. Thanks a lot for sharing.
The horizontal lines were made to stop at price so they don't interfere with drawing future supports/ resistances. It can be a bit confusing visually for me which is why they stop there. If you know how to code I can send you the source file to change it.. Yes you can modify the horizontal line properties.
Attached Image (click to enlarge)
Click to Enlarge Name: 26 EMA Humps Properties.PNG Size: 25 KB
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