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Trading the Cable swings via averages

  • #2,201
  • Mar 1, 2019 1:28am Mar 1, 2019 1:28am
That would be great MrMagnat, a friend of me sure will be ready to modify the code. Thanks for the offer!
Trading S/R with PA only. No indicators anymore!
  • #2,202
  • Mar 1, 2019 1:28am Mar 1, 2019 1:28am
1 hour bullish div !

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  • #2,203
  • Mar 1, 2019 1:36am Mar 1, 2019 1:36am
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...
Thank you very much indeed, MrMagnet. That's so very kind of you to share!

If possible (this is more than we can hope for already), I'd like to second one of the ideas above but with a slight difference - could we perhaps have two types of bullish and bearish lines?

Type 1 - the ones we've got now, where price crosses the MA hump
Type 2 - new ones, where the MA crosses the MA hump on bar close
nb: also an option to enable/disable either Type 1 or 2 lines to avoid clutter.

Thanks again for sharing!
  • #2,204
  • Mar 1, 2019 2:10am Mar 1, 2019 2:10am
Quoting russian30
1 hour bullish div ! {image}
Good catch, signals right now are really messy
  • #2,205
  • Mar 1, 2019 2:19am Mar 1, 2019 2:19am
Quoting quangvision
{quote} Good catch, signals right now are really messy
it's all over the place!
  • #2,206
  • Mar 1, 2019 2:21am Mar 1, 2019 2:21am
Im currently short and hedged based on the 5 min HD

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  • #2,207
  • Mar 1, 2019 2:37am Mar 1, 2019 2:37am
Quoting russian30
Im currently short and hedged based on the 5 min HD {image}
So cool now, approaching H4 average. Will look for bullish signals again around there.
  • #2,208
  • Mar 1, 2019 2:45am Mar 1, 2019 2:45am
Hi guys I just popped in to see what was happening. It is far too hot here to trade, my monitors are like radiators.

Just want to put you guys back on track because you seem to be relying on divs a lot.

Don't be forgetting the regular ABCD's which can take price anywhere from 100 to 161.8% of AB from C.

This is what happened yesterday... Below I put a couple of vertical time lines on so you can check your charts.

Don't forget you can trade from the D point towards the E point also
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  • #2,209
  • Mar 1, 2019 2:47am Mar 1, 2019 2:47am
This is when we could do with Alan's input. The ABCD move has just made the 50% on the 60m chart. Will it continue going down or will it bounce?
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  • #2,210
  • Mar 1, 2019 2:54am Mar 1, 2019 2:54am
Quoting Nala66
Hi guys I just popped in to see what was happening. It is far too hot here to trade, my monitors are like radiators. Just want to put you guys back on track because you seem to be relying on divs a lot. Don't be forgetting the regular ABCD's which can take price anywhere from 100 to 161.8% of AB from C. This is what happened yesterday... Below I put a couple of vertical time lines on so you can check your charts. Don't forget you can trade from the D point towards the E point also {image}
Hi Alan, welcome back.
1/ Are these "+61.8%" new things you first mention here? How often price hit that AB+61.8% targets?
2/ The first C on your chart seems not correct attached pivot, right?
3/ How to draw it?
Thanks
  • #2,211
  • Mar 1, 2019 3:04am Mar 1, 2019 3:04am
Thanks Alan,
wish you all the best there!
Trading S/R with PA only. No indicators anymore!
  • #2,212
  • Mar 1, 2019 3:26am Mar 1, 2019 3:26am
Quoting Nala66
Hi guys I just popped in to see what was happening. It is far too hot here to trade, my monitors are like radiators. Just want to put you guys back on track because you seem to be relying on divs a lot. Don't be forgetting the regular ABCD's which can take price anywhere from 100 to 161.8% of AB from C. This is what happened yesterday... Below I put a couple of vertical time lines on so you can check your charts. Don't forget you can trade from the D point towards the E point also {image}
Thanks, love these 161.2 extensions.
Another one:
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  • #2,213
  • Mar 1, 2019 3:32am Mar 1, 2019 3:32am
Looking for 3203...
...but lots of clearing on H4 before price reaches there
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  • #2,214
  • Mar 1, 2019 3:54am Mar 1, 2019 3:54am
Quoting fxmars
Looking for 3203... ...but lots of clearing on H4 before price reaches there {image}
Coolz, I am seeing the same target. Let's hunt that down with multiple short trades and hedges each steps of the way down.
  • #2,215
  • Mar 1, 2019 4:46am Mar 1, 2019 4:46am
Quoting quangvision
{quote} Hi Alan, welcome back. 1/ Are these "+61.8%" new things you first mention here? How often price hit that AB+61.8% targets? 2/ The first C on your chart seems not correct attached pivot, right? 3/ How to draw it? Thanks
I wouldn't say these are new I have often said they are my favourite trades and why I use the Quartile tool.

C is a 50% retrace of AB, approximately. It can be more but it is usually less than 75%.

Nor does it always run to 161.8.

These are just the hopes we have when trading from the C area. We then look to trade long from D.

If C is the entry point and is 50% of AB then our stop is the 75% level.

If we are watching an approach to the 50% level on a higher time frame we can then observe the lower times frames to see if we get a signal there in the form of a div or whatever.
  • #2,216
  • Mar 1, 2019 4:48am Mar 1, 2019 4:48am
It seems obvious to me the bears are trying to stop the EMA on the 4 hour chart. So all trades on the lower time frames should be short.
  • #2,217
  • Mar 1, 2019 4:48am Mar 1, 2019 4:48am
ma has reached the recent low
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  • #2,218
  • Mar 1, 2019 4:55am Mar 1, 2019 4:55am
This is what I see..
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  • #2,219
  • Edited 4:28pm Mar 1, 2019 4:57am | Edited 4:28pm
At the same time the daily is still on track to make the HH indicated by the yellow arrow
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  • #2,220
  • Edited 4:29pm Mar 1, 2019 5:05am | Edited 4:29pm
For some reason I cannot edit out that second image.

Edit mmm now it is working.
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