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Trading the Cable swings via averages

  • #2,721
  • Apr 4, 2019 2:16am Apr 4, 2019 2:16am
Very choppy start hey
  • #2,722
  • Apr 4, 2019 2:20am Apr 4, 2019 2:20am
Quoting Nala66
Very choppy start hey
Absolutely. Beauty is now I don't even care if it goes long as the hedge is in place.
  • #2,723
  • Apr 4, 2019 2:20am Apr 4, 2019 2:20am
Quoting davidmaree
{quote} Alan, I'm the opposite today to you because of a second 1H bearish HD followed by regular bearish div at 3190 at 5 min. Hedged at 3171.
Yep Funny I was looking at that chart thinking it was my 4h.

They don't seem to be able to make any headway with those bear divs. They can't get across that EMA.

That's 4 or 5 of them now including the HD's
  • #2,724
  • Apr 4, 2019 2:24am Apr 4, 2019 2:24am
On the RSI waterlines right across the board. Must be waiting for something!
  • #2,725
  • Apr 4, 2019 2:29am Apr 4, 2019 2:29am
It seems market want to go to 1.3220lvl but they have first took all longs out
  • #2,726
  • Apr 4, 2019 2:34am Apr 4, 2019 2:34am
Once this has hit it's target long on the 60m we may then see the bearish divergences kick in.
Attached Image (click to enlarge)
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  • #2,727
  • Apr 4, 2019 2:36am Apr 4, 2019 2:36am
5 min bull support maybe
  • #2,728
  • Apr 4, 2019 2:38am Apr 4, 2019 2:38am
Helping us to get to the 60m target is this on the 5m
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-5-minutes.png Size: 54 KB
  • #2,729
  • Apr 4, 2019 2:52am Apr 4, 2019 2:52am
I think Mayflower is correct it has been just short of the target so far.
Attached Image (click to enlarge)
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  • #2,730
  • Apr 4, 2019 2:54am Apr 4, 2019 2:54am
It is sneaking up on it.
  • #2,731
  • Apr 4, 2019 2:57am Apr 4, 2019 2:57am
Quoting Nala66
It is sneaking up on it.
3180ish seems to be magnetised for the time being.
  • #2,732
  • Apr 4, 2019 3:28am Apr 4, 2019 3:28am
Well I am going to quit for now and get ready for the footy. Got to put my scarf and beanie on.

Go the Crows

Couldn't find a crow
  • #2,733
  • Apr 4, 2019 3:46am Apr 4, 2019 3:46am
Quoting davidmaree
{quote} 3180ish seems to be magnetised for the time being.
I envy you because of that hedge. Should have re shorted at 80lvl, now it is late.. 56-40 level is probable.
  • #2,734
  • Apr 4, 2019 4:08am Apr 4, 2019 4:08am
My first trade for today, taken from H1 inference when price touch MA.
Attached Image (click to enlarge)
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  • #2,735
  • Apr 4, 2019 4:10am Apr 4, 2019 4:10am
Quoting forex_dimi
{quote} I envy you because of that hedge. Should have re shorted at 80lvl, now it is late.. 56-40 level is probable.
Yep, great part of Alan's system. After two hedges placed and released I've got my 40 for today. Luckily those HD-inferred shorts held up.
  • #2,736
  • Apr 4, 2019 5:02am Apr 4, 2019 5:02am
New trade. Divergence at 40lvl (mentioned that level above)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-international-capital-markets.png Size: 183 KB
  • #2,737
  • Edited 5:37am Apr 4, 2019 5:26am | Edited 5:37am
Quoting forex_dimi
New trade. Divergence at 40lvl (mentioned that level above) {image}
Previous hour bar closed forming a new bullish continuation divergence.
  • #2,738
  • Apr 4, 2019 6:13pm Apr 4, 2019 6:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu cd 5 april.png Size: 62 KB


What a mess on the 1hr chart! Yellow bullish continuation div's all hit their -D targets.


Attached Image (click to enlarge)
Click to Enlarge Name: gu cd 5 april latest.png Size: 42 KB


Price formed larger bullish continuation div with new targets. Shorts seem to have battle on hand with several MA swing lows to get across as well as 50% contention levels.
  • #2,739
  • Edited 6:42pm Apr 4, 2019 6:16pm | Edited 6:42pm
Putting the ABCD's aside, this one hour chart is an absolute classic textbook example of price movement.

1) Finds bear div
2) Stops and turns average causing failed HH swing
3) Fails on one side so test the opposite.
4) Price test swing low average.
5) Bears find support.
6) The bulls have a div but can't break the bull support.

7) So now we should see a price LL

What did I do about it? Watched the Crows get hammered again.

Note how I was the wrong way in the loading knot but still managed to scalp a few
Attached Image (click to enlarge)
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  • #2,740
  • Apr 4, 2019 6:44pm Apr 4, 2019 6:44pm
Quoting davidmaree
{image} What a mess on the 1hr chart! Yellow bullish continuation div's all hit their -D targets. {image} Price formed larger bullish continuation div with new targets. Shorts seem to have battle on hand with several MA swing lows to get across as well as 50% contention levels.
I bet you are glad to be able to scrub off these lines now.
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