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Trading the Cable swings via averages

  • #2,421
  • Mar 18, 2019 5:24am Mar 18, 2019 5:24am
Quoting quangvision
{quote} Very nice Alan. I couldn't see any inference on H1, can you explain more? The short trade on your chart, was it a scalp or trade with one-in? Thanks
I don't see why you couldn't see this, in fact I even told of it in post 2405
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  • #2,422
  • Mar 18, 2019 5:26am Mar 18, 2019 5:26am
Quoting mikeeating
Yeah I have to admit I was looking for longs as well, at the start I thought I saw the hourly support price and so I tried to catch the divergences on the short side to go long, always looks so easy in hindsight!
Can you please refrain from using this swear word
  • #2,423
  • Mar 18, 2019 5:27am Mar 18, 2019 5:27am
Quoting Nala66
{quote} I don't see why you couldn't see this, in fact I even told of it in post 2405 {image}
This is bearish Alan?
  • #2,424
  • Mar 18, 2019 5:27am Mar 18, 2019 5:27am
Quoting Zelias
H1 inference for the shorts was a HD (I've checked it in real time). If you'd missed the entry from the top, you could've added later (the M5 and M1 setup posted). The TPs were either 20 pips (the M5 EMA bump) or 25 pips (ABCD formation) for the add-on setup.
It was indeed and I missed that. duh!

It was the 1900 pivot that it just touched divergence, so no wonder I missed it.
  • #2,425
  • Mar 18, 2019 5:39am Mar 18, 2019 5:39am
Quoting Gilaforex13
{quote} This is bearish Alan?
As Alan mentioned on post 2405 that the chance for bulls or bears is 50-50. So Alan could entry right on the top on M1 or M5 and accept the risk, after that we could add more sell on the way down. Anybody agree with me?
  • #2,426
  • Mar 18, 2019 6:06am Mar 18, 2019 6:06am
Bull coming
  • #2,427
  • Mar 18, 2019 6:13am Mar 18, 2019 6:13am
Quoting Gilaforex13
Bull coming
Are we even looking at the same charts...

This 5 min regular div returned the price to the EMA as we should expect.
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  • #2,428
  • Mar 18, 2019 6:19am Mar 18, 2019 6:19am
This is my take on the 60m chart. The price has been ranging for the last few days and hasn't yet made the target envisaged by the signal on the left of the chart. Now we have a new signal which first of all dipped down to 50% and could now be looking to head north. Comments please.
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  • #2,429
  • Mar 18, 2019 6:36am Mar 18, 2019 6:36am
Quoting mayflower
This is my take on the 60m chart. The price has been ranging for the last few days and hasn't yet made the target envisaged by the signal on the left of the chart. Now we have a new signal which first of all dipped down to 50% and could now be looking to head north. Comments please. {image}
Yes, it could be heading north unless it breaks through "strong-holding" swing high then find bull support to continue northward.
  • #2,430
  • Mar 18, 2019 6:40am Mar 18, 2019 6:40am
H4 find support
  • #2,431
  • Mar 18, 2019 6:41am Mar 18, 2019 6:41am
Quoting Nala66
{quote} Are we even looking at the same charts... This 5 min regular div returned the price to the EMA as we should expect. {image}
I think there was one more inference from H1 reg div mentioned by mayflower to support that 5m reg div and add more on bull found support.
  • #2,432
  • Mar 18, 2019 6:46am Mar 18, 2019 6:46am
Bear come back?
  • #2,433
  • Mar 18, 2019 6:54am Mar 18, 2019 6:54am
Be careful it could be the bears are looking for support now on the hour
  • #2,434
  • Edited 7:10am Mar 18, 2019 6:56am | Edited 7:10am
Quoting mayflower
This is my take on the 60m chart. The price has been ranging for the last few days and hasn't yet made the target envisaged by the signal on the left of the chart. Now we have a new signal which first of all dipped down to 50% and could now be looking to head north. Comments please. {image}
You are quite correct in your observations. The 50% hit you spoke of becomes a ZOO point which indicated long on the 5 minute.
  • #2,435
  • Mar 18, 2019 6:59am Mar 18, 2019 6:59am
Quoting quangvision
{quote} I think there was one more inference from H1 reg div mentioned by mayflower to support that 5m reg div and add more on bull found support.
I think you mean a continuation div.

Glad to see you guys talking it gives me an insight into the way you are analysing the charts
  • #2,436
  • Mar 18, 2019 7:15am Mar 18, 2019 7:15am
Anyway this is how my 5 and 1h charts look like now
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  • #2,437
  • Mar 18, 2019 7:19am Mar 18, 2019 7:19am
Quoting Nala66
Be careful it could be the bears are looking for support now on the hour
Noted Alan; very important.

Also look at the bearish divergence on the 240m chart. Price came down to hit the EMA and has pulled back quite a way now.
  • #2,438
  • Mar 18, 2019 7:22am Mar 18, 2019 7:22am
Its netral now. Up or down?
  • #2,439
  • Mar 18, 2019 7:35am Mar 18, 2019 7:35am
Bear need break H4 bull support. Bull need break H1 bear support. So confuse now
  • #2,440
  • Mar 18, 2019 7:38am Mar 18, 2019 7:38am
Quoting mayflower
{quote} Noted Alan; very important. Also look at the bearish divergence on the 240m chart. Price came down to hit the EMA and has pulled back quite a way now.
Thanks you a lot.
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