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Trading the Cable swings via averages

  • #2,461
  • Mar 19, 2019 6:04am Mar 19, 2019 6:04am
Quoting mayflower
Comments please. {image}
You have missed this one and price just hit it
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  • #2,462
  • Mar 19, 2019 6:04am Mar 19, 2019 6:04am
Quoting Nala66
{quote} There is no bear support the bulls took that out 8 hours ago
Hi Alan,
Why I did still see it "the bear support" on purple on your chart on post #2453?
  • #2,463
  • Mar 19, 2019 6:08am Mar 19, 2019 6:08am
Quoting quangvision
{quote} Hi Alan, Why I did still see it "the bear support" on purple on your chart on post #2453?
Yep but if you look carefully that magenta line dotted ends there.

Sorry about all the lines on my charts they all mean stuff I am explaining to others.
  • #2,464
  • Mar 19, 2019 6:10am Mar 19, 2019 6:10am
OK the 1 hour has finally broke (I Hope) looking at the 3369 target now.

A check would be to see the bear div on the 1 min fail to cross the EMA and find support
  • #2,465
  • Mar 19, 2019 6:11am Mar 19, 2019 6:11am
Quoting Nala66
{quote} You have missed this one and price just hit it {image}
So coolz Alan. I missed that long. Do you think if my entry was pointed correctly on following chart?
Thanks
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  • #2,466
  • Mar 19, 2019 6:30am Mar 19, 2019 6:30am
Quoting quangvision
{quote} So coolz Alan. I missed that long. Do you think if my entry was pointed correctly on following chart? Thanks {image}
Not sure what you are drawing here the charts should look something like this
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  • #2,467
  • Mar 19, 2019 6:35am Mar 19, 2019 6:35am
Quoting Nala66
{quote} Not sure what you are drawing here the charts should look something like this {image}
Hi Alan, my entry is very similar to yours. Just to clarify, H1 inferences are just simple price touching bull support, right?
  • #2,468
  • Mar 19, 2019 6:36am Mar 19, 2019 6:36am
The bears found support on the 1 min.

Now testing the bull support on the 5 min.

Can they find bear support on the 5 min?
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  • #2,469
  • Mar 19, 2019 6:37am Mar 19, 2019 6:37am
Quoting quangvision
{quote} Hi Alan, my entry is very similar to yours. Just to clarify, H1 inferences are just simple price touching bull support, right?
Yep, what I refer to as ZOO points being Zones Of Opprtunity
  • #2,470
  • Mar 19, 2019 6:41am Mar 19, 2019 6:41am
Potential bullish divergence setting up on the 5m
  • #2,471
  • Mar 19, 2019 6:55am Mar 19, 2019 6:55am
Quoting mayflower
Potential bullish divergence setting up on the 5m
I am seeing bearish RSI div on H1 plus price broke bull support on M5 so looking for bears coming in
  • #2,472
  • Mar 19, 2019 7:52am Mar 19, 2019 7:52am
Can you see that B had to try to pass A to avoid a continuation divergence. Then if we look at the 1 m chart we see the mechanics of the attempt
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  • #2,473
  • Mar 19, 2019 8:45am Mar 19, 2019 8:45am
Quoting Nala66
Can you see that B had to try to pass A to avoid a continuation divergence. Then if we look at the 1 m chart we see the mechanics of the attempt {image}
Hi Alan, how could you tell continuation div while at B price was below MA? Anyway, B failed to pass A and a continuation div formed.
The div just make price back to MA before down again to make LL.
  • #2,474
  • Mar 19, 2019 9:47am Mar 19, 2019 9:47am
Quoting quangvision
{quote} Hi Alan, how could you tell continuation div while at B price was below MA? Anyway, B failed to pass A and a continuation div formed. The div just make price back to MA before down again to make LL.
Yes that is correct, It failed to make the 50% long by running into an RSI bear div sending it the opposite way.

For me trading is well and truly over so I wouldn't have taken this anyway.
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  • #2,475
  • Mar 20, 2019 2:33am Mar 20, 2019 2:33am
Quoting Nala66
{quote} Yes that is correct, It failed to make the 50% long by running into an RSI bear div sending it the opposite way. For me trading is well and truly over so I wouldn't have taken this anyway. {image}
Hi Alan, How about CPI today? Will be very fast?
  • #2,476
  • Mar 20, 2019 2:55am Mar 20, 2019 2:55am
Oh no, TP hit before CPI data release.
  • #2,477
  • Mar 20, 2019 3:16am Mar 20, 2019 3:16am
Quoting Gilaforex13
{quote} Hi Alan, How about CPI today? Will be very fast?
As Alan many times said he doesn't care about news releasing. All news can do is to delay your target or hit faster.
So always plan your trades then trade your plan
My first leg down for today.
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  • #2,478
  • Mar 20, 2019 3:48am Mar 20, 2019 3:48am
H1 target is reached
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H4 is below the EMA. Let's see if bears find support there.
Trading S/R with PA only. No indicators anymore!
  • #2,479
  • Mar 20, 2019 3:52am Mar 20, 2019 3:52am
Quoting Jazz1964
H1 target is reached {image} H4 is below the EMA. Let's see if bears find support there.
Hi,
Price pushing down to MA on daily, this comes from bearish regular div.
Exciting to see how far this bear move would go on H1, next target 1.31011
  • #2,480
  • Mar 20, 2019 8:03am Mar 20, 2019 8:03am
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Price stopped exactly there
Trading S/R with PA only. No indicators anymore!
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