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Trading the Cable swings via averages

  • #2,441
  • Mar 18, 2019 6:50pm Mar 18, 2019 6:50pm
Now, price come back above EMA H1 and H4. Bull wake up now? Any suggestion Alan?
  • #2,442
  • Mar 18, 2019 9:28pm Mar 18, 2019 9:28pm
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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  • #2,443
  • Mar 18, 2019 9:31pm Mar 18, 2019 9:31pm
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.
  • #2,444
  • Mar 18, 2019 9:38pm Mar 18, 2019 9:38pm
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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  • #2,445
  • Mar 18, 2019 11:13pm Mar 18, 2019 11:13pm
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
  • #2,446
  • Mar 19, 2019 12:19am Mar 19, 2019 12:19am
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?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Support Resistance Pivots B.PNG Size: 7 KB
Click to Enlarge Name: Support Resistance Pivots C.PNG Size: 9 KB
Click to Enlarge Name: Support Resistance Pivots D.PNG Size: 5 KB
Click to Enlarge Name: Support Resistance Pivots E.PNG Size: 17 KB
  • #2,447
  • Mar 19, 2019 3:04am Mar 19, 2019 3:04am
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
  • #2,448
  • Mar 19, 2019 3:05am Mar 19, 2019 3:05am
Bear coming?
  • #2,449
  • Mar 19, 2019 3:13am Mar 19, 2019 3:13am
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.
  • #2,450
  • Mar 19, 2019 3:19am Mar 19, 2019 3:19am
There is Alan's bullish divergence on the 1 hr chart
  • #2,451
  • Mar 19, 2019 4:06am Mar 19, 2019 4:06am
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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  • #2,452
  • Mar 19, 2019 4:09am Mar 19, 2019 4:09am
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.
  • #2,453
  • Mar 19, 2019 4:23am Mar 19, 2019 4:23am
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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  • #2,454
  • Mar 19, 2019 4:24am Mar 19, 2019 4:24am
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.
  • #2,455
  • Mar 19, 2019 5:01am Mar 19, 2019 5:01am
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?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Underside of previous support is new bear support.png Size: 61 KB
Click to Enlarge Name: GU 5m.PNG Size: 67 KB
  • #2,456
  • Mar 19, 2019 5:05am Mar 19, 2019 5:05am
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
  • #2,457
  • Mar 19, 2019 5:12am Mar 19, 2019 5:12am
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
  • #2,458
  • Mar 19, 2019 5:50am Mar 19, 2019 5:50am
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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  • #2,459
  • Mar 19, 2019 5:55am Mar 19, 2019 5:55am
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
  • #2,460
  • Mar 19, 2019 5:57am Mar 19, 2019 5:57am
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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