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Trading the Cable swings via averages

Now, price come back above EMA H1 and H4. Bull wake up now? Any suggestion Alan?
Quoting Gilaforex13
Now, price come back above EMA H1 and H4. Bull wake up now? Any suggestion Alan?
Hi,
I think today would be mixed but I already setup some price levels on my chart to watch out for ZOOs. Cheers
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Quoting quangvision
{quote} Hi, I think today would be mixed but I already setup some price levels on my chart to watch out for ZOOs. Cheers {image}
More bad language, can we stop this swearing please. We cannot think trades.
Quoting Gilaforex13
Now, price come back above EMA H1 and H4. Bull wake up now? Any suggestion Alan?
To use your terminology the bulls woke up some 12 hours ago not two hours ago.

Plus the bulls have found support. I am still looking for the bulls to take out the 3369 target on the 1 hour.

Far too early for me to be looking for trades as yet.
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Quoting Nala66
{quote} More bad language, can we stop this swearing please. We cannot think trades.
Hi Alan, I am sorry to use the word "think". I will avoid using "I" completely for comments on daily trading plan
Hi Alan, I want to get an indicator made for the supports and resistances and have drawn up the pivot and wick combinations that I think forms them. Can you tell me if they are correct or if I have missed any please?
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Hi all,
What I am seeing is GU playing between a range formed by previous bear support and current bull support. My plan is waiting until either way broke.
Please share your insights so we all can learn together
Bear coming?
Quoting quangvision
Hi all, What I am seeing is GU playing between a range formed by previous bear support and current bull support. My plan is waiting until either way broke. Please share your insights so we all can learn together
I have already sell it. SL 15 pips. But bear need H1 close below 1.32600.
There is Alan's bullish divergence on the 1 hr chart
Quoting MrMagnet
Hi Alan, I want to get an indicator made for the supports and resistances and have drawn up the pivot and wick combinations that I think forms them. Can you tell me if they are correct or if I have missed any please? {image} {image} {image} {image} {image}
I see C as being incorrect because of the previous pivot. This was the one that attempted to find bull support but as you see the bears stripped them of it by closing below it.

A support either bullish or bearish ends its life if it is broken by a closing cross. Price may cross it and not end it because it has to actually be a close.

On the 1 hour chart below we see the bears have crossed the bull support but have not yet broken it by closing across.
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Also E is completely wrong, the bears can't possibly find support above the EMA. What you have there is a previous bull support the underside of which is resistance.
Here I have added more to the chart and we can see the bears have retested the bull support and so far failed to break it.
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Quoting Nala66
Here I have added more to the chart and we can see the bears have retested the bull support and so far failed to break it. {image}
Thanks you Alan.
Quoting Nala66
{quote} I see C as being incorrect because of the previous pivot. This was the one that attempted to find bull support but as you see the bears stripped them of it by closing below it. A support either bullish or bearish ends its life if it is broken by a closing cross. Price may cross it and not end it because it has to actually be a close. On the 1 hour chart below we see the bears have crossed the bull support but have not yet broken it by closing across. {image}
Ok so C and E are out. Thanks. With E you posted the chart below for March 5th for that support. Just wondering then in the chart below was that reference to the bear move because a bear support had already been put in the day before higher up. Then we were looking at the retest of that previous days support followed by the divergence to continuation the trend. Therefore no second bear support required to take out the bull support below?
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this has to be the slowest session ever, even my dog said its bored lol
life is a reflection of what we allow ourselves to see
Quoting mikeeating
this has to be the slowest session ever, even my dog said its bored lol
Yup, price keeps bumping between bull support and bear support. I bet we could get enough 40 pips by scalping each way up and down until now, lol :d
Again this is my take on the situation. We still have the upper target that Alan mentioned earlier. This is another interim move up. Bull support seems to have been found and I am setting my target at the 50% level for now. I will then wait and look for signals as to the next direction. My view only. It may or may not be right. Comments please.
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Quoting MrMagnet
{quote} Ok so C and E are out. Thanks. With E you posted the chart below for March 5th for that support. Just wondering then in the chart below was that reference to the bear move because a bear support had already been put in the day before higher up. Then we were looking at the retest of that previous days support followed by the divergence to continuation the trend. Therefore no second bear support required to take out the bull support below? {image} {image}
Correct
Quoting quangvision
{quote} Yup, price keeps bumping between bull support and bear support. I bet we could get enough 40 pips by scalping each way up and down until now, lol :d
There is no bear support the bulls took that out 8 hours ago
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