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Trading the Cable swings via averages

  • #2,261
  • Mar 5, 2019 5:40am Mar 5, 2019 5:40am
Quoting Gilaforex13
I see bull div on M15.
Correct and also on the 1 minute where the bulls have found support also. However this is against the 1 hour trend so treat it as a scalp to begin with.
  • #2,262
  • Mar 5, 2019 5:45am Mar 5, 2019 5:45am
Look what else it was on the 15 min, a second HD
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  • #2,263
  • Mar 5, 2019 5:53am Mar 5, 2019 5:53am
The 1 hour ends soon so it must be looking for bear support
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  • #2,264
  • Mar 5, 2019 6:34am Mar 5, 2019 6:34am
OK the bears have found support on the 1 hour and the measured move on the 5 min is 3149
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  • #2,265
  • Mar 5, 2019 6:41am Mar 5, 2019 6:41am
Well that was a quick 30 pips
  • #2,266
  • Mar 5, 2019 6:42am Mar 5, 2019 6:42am
Quoting Nala66
OK the bears have found support on the 1 hour and the measured move on the 5 min is 3149 {image}
Thanks Alan. You save me.
  • #2,267
  • Mar 5, 2019 6:44am Mar 5, 2019 6:44am
Just closed it. Enough for me.
  • #2,268
  • Mar 5, 2019 6:48am Mar 5, 2019 6:48am
amazing
Trading S/R with PA only. No indicators anymore!
  • #2,269
  • Mar 5, 2019 6:51am Mar 5, 2019 6:51am
that's my 40 for the day.
  • #2,270
  • Mar 5, 2019 6:55am Mar 5, 2019 6:55am
Cool well done guys
  • #2,271
  • Mar 5, 2019 6:58am Mar 5, 2019 6:58am
Hi Alan, I hope you would spend more time on sharing "live charts" while things are about to happen, rather than when things done
  • #2,272
  • Mar 5, 2019 7:02am Mar 5, 2019 7:02am
Quoting quangvision
Hi Alan, I hope you would spend more time on sharing "live charts" while things are about to happen, rather than when things done
Ha you mean in between talking on Skype, chatting in the private room, typing emails and trading myself.

I told you the bears were looking for support, I couldn't tell you much earlier because I did not know then. Post 2263
  • #2,273
  • Mar 5, 2019 7:26am Mar 5, 2019 7:26am
Thanks Alan,

Great advice and great to have the opportunity to learn by trying to implement your model of trading with comparisons against your actual trades

Cheers...Des
  • #2,274
  • Mar 5, 2019 8:00am Mar 5, 2019 8:00am
Quoting Nala66
{quote} Ha you mean in between talking on Skype, chatting in the private room, typing emails and trading myself. I told you the bears were looking for support, I couldn't tell you much earlier because I did not know then. Post 2263
Keep up the good work Alan. It is very much appreciated.
  • #2,275
  • Mar 5, 2019 8:24am Mar 5, 2019 8:24am
Quoting Nala66
{quote} Ha you mean in between talking on Skype, chatting in the private room, typing emails and trading myself. I told you the bears were looking for support, I couldn't tell you much earlier because I did not know then. Post 2263
Hi Alan, is there any better way you can help me to catch up with your charts asap? Rather than waiting for your posts on FF
  • #2,276
  • Mar 5, 2019 8:38am Mar 5, 2019 8:38am
Quoting Nala66
Bit messy again today... {image}
Hi Alan, I checked and my chart turned out this.
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  • #2,277
  • Mar 5, 2019 3:59pm Mar 5, 2019 3:59pm
Quoting quangvision
{quote} Hi Alan, I checked and my chart turned out this. {image}
So in your circle the right side made a lower low and snapped back, this makes it a HD does it not because the RSI did not make the LL.

I haven't got the time to put every little detail on every chart you should all have a list of things to watch out for and plot them in real time.

I suppose this answers your second question. There is no need to catch up with my charts if you are plotting your own in the manner I have shown. I am not giving you a fish, I am showing how to fish so you have the tools to trade by yourself.

Look at all this information the 1 hour chart is telling us (let alone the addition of the other charts). In the red circle we see multiple divergences but they did not kick in until the previous target was reached. Then the div goes back to the EMA which you can measure and plan a trade for the required pips.

So on this 1 hour chart there is lots of stuff to take inference from when trading a lower time frame.
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  • #2,278
  • Mar 5, 2019 4:54pm Mar 5, 2019 4:54pm
I have been observing MrMagnet's hump indicator post 2193. Great stuff this and thanks very much for sharing it.

I have it on my white charts (EMA's only) and it very clearly shows where price was successful and where it failed. It is also very handy to have the price levels printed so we can readily put the price we expect on our buy ticket.

The hump line stops printing once the price crosses it (not the new EMA level). However this may prove to be of benefit by thinning out the number of target levels. Not sure about this yet.

On my white charts I like everything in black and white so changing all he colors in the indicator to black was a simple task. So my 5 min white chart now looks like this...
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  • #2,279
  • Mar 5, 2019 5:03pm Mar 5, 2019 5:03pm
Quoting quangvision
{quote} Hi Alan, I checked and my chart turned out this. {image}
Hi I think you will find Mr Narla's example is on the 15min chart not the 5min as per your chart ... my Axi chart shows the same as Alan's
  • #2,280
  • Mar 5, 2019 5:09pm Mar 5, 2019 5:09pm
Quoting Nala66
I have been observing MrMagnet's hump indicator post 2193. Great stuff this and thanks very much for sharing it. I have it on my white charts (EMA's only) and it very clearly shows where price was successful and where it failed. It is also very handy to have the price levels printed so we can readily put the price we expect on our buy ticket. The hump line stops printing once the price crosses it (not the new EMA level). However this may prove to be of benefit by thinning out the number of target levels. Not sure about this yet. On my white charts...
Welcome to MrMagnets Lazy Humps mr Narla66 it has saved me a lot of manual updating ... Love it
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