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Trading the Cable swings via averages

  • #2,761
  • Edited 9:05am Apr 7, 2019 8:17am | Edited 9:05am
Awesome David!
Although I read your comments how to extract the files, I can't get it done, got a message that the archives are corrupted.
Am I the only one?
Trading S/R with PA only. No indicators anymore!
  • #2,762
  • Apr 7, 2019 8:38am Apr 7, 2019 8:38am
Thanks David, great job but like Jazz i a unable to open the files. And i am so curious …..
  • #2,763
  • Apr 7, 2019 4:17pm Apr 7, 2019 4:17pm
Both files need to be in the same directory and without the .zip. However, I've now added a dropbox link containing the full pdf to that post.
  • #2,764
  • Apr 7, 2019 4:21pm Apr 7, 2019 4:21pm
Great David! Thanks
  • #2,765
  • Apr 7, 2019 4:48pm Apr 7, 2019 4:48pm
I think I am grateful David
Trading S/R with PA only. No indicators anymore!
  • #2,766
  • Apr 8, 2019 12:44am Apr 8, 2019 12:44am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #2,767
  • Apr 8, 2019 1:36am Apr 8, 2019 1:36am
Quoting priyank20
{image}
Well read priyank. Just a minor point -that yellow continuation div you drew should start 1 price pivot to the right of where you drew it, and also end at both the bullish bars that precede your C point to give you a small range.
  • #2,768
  • Apr 8, 2019 2:54am Apr 8, 2019 2:54am
Hey guys,
I am expecting price to continue upward and hit H4 average for today's moves.
What is about yours?
  • #2,769
  • Apr 8, 2019 5:32am Apr 8, 2019 5:32am
Quoting davidmaree
{quote} Well read priyank. Just a minor point -that yellow continuation div you drew should start 1 price pivot to the right of where you drew it, and also end at both the bullish bars that precede your C point to give you a small range.
Thanks David. Can you please draw the same on the chart and post it here.
  • #2,770
  • Apr 8, 2019 6:20am Apr 8, 2019 6:20am
Quoting quangvision
Hey guys, I am expecting price to continue upward and hit H4 average for today's moves. What is about yours?
I'm looking at 1HR chart and see bearish div....but the price has been ranging all morning! It'll be interesting to see where it wil decide to go.
  • #2,771
  • Apr 8, 2019 9:57am Apr 8, 2019 9:57am
Quoting Green-Pips1
{quote} I'm looking at 1HR chart and see bearish div....but the price has been ranging all morning! It'll be interesting to see where it wil decide to go.
What's a boring market! First I expected price would go up H4 average but then bearish div appeared and price just ranging until now.
Today would be a better day for us hopefully
  • #2,772
  • Apr 8, 2019 5:15pm Apr 8, 2019 5:15pm
Quoting priyank20
{quote} Thanks David. Can you please draw the same on the chart and post it here.
Sure. Zoomed in below.

Attached Image
  • #2,773
  • Apr 8, 2019 5:36pm Apr 8, 2019 5:36pm
Also, as Alan probably had to tell me several times, you have to be selective with these structures. Notice how the recent price pivot seems to be the start of a new continuation divergence but if you look at the RSI (pink line) the "line of sight" is disturbed where the red box is so it is a no go.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
  • #2,774
  • Apr 9, 2019 12:35am Apr 9, 2019 12:35am
Quoting davidmaree
Also, as Alan probably had to tell me several times, you have to be selective with these structures. Notice how the recent price pivot seems to be the start of a new continuation divergence but if you look at the RSI (pink line) the "line of sight" is disturbed where the red box is so it is a no go. {image}
Thanks a lot David.
  • #2,775
  • Apr 9, 2019 1:58am Apr 9, 2019 1:58am
Quoting davidmaree
{quote} Sure. Zoomed in below. {image}
David why did you take as starting point for the ABC triangle that point and not the green candle 2 bars to the left?
  • #2,776
  • Apr 9, 2019 2:37am Apr 9, 2019 2:37am
David and why is the C point off the smallest triangle there and not 2 candles to the left where the rsi comes flat? Thx
  • #2,777
  • Apr 9, 2019 2:50am Apr 9, 2019 2:50am
Quoting forex_dimi
{quote} David why did you take as starting point for the ABC triangle that point and not the green candle 2 bars to the left?
That was the pivot being "attacked" so is the starting point for the structure
  • #2,778
  • Apr 9, 2019 2:52am Apr 9, 2019 2:52am
Quoting huskyboy
David and why is the C point off the smallest triangle there and not 2 candles to the left where the rsi comes flat? Thx
Take a look at the RSI values of those bars and you'll see that the first time the RSI of the pivot was exceed was at that C point you refer to. The earlier bars had RSI values lower than that of the pivot bar.
  • #2,779
  • Apr 9, 2019 2:59am Apr 9, 2019 2:59am
Quoting davidmaree
{quote} That was the pivot being "attacked" so is the starting point for the structure
Can you clarify "attack" please. I know the word but I can not understand the meaning here. Attacking the rsi level, price closest to the retracement?

Edit.
Now I saw you reply above. Thus you are saying we firstly take C point and then we are looking for A point?
  • #2,780
  • Apr 9, 2019 3:05am Apr 9, 2019 3:05am
Quoting forex_dimi
{quote} Can you clarify "attack" please. I know the word but I can not understand the meaning here. Attacking the rsi level, price closest to the retracement? Edit. Now I saw you reply above. Thus you are saying we firstly take C point and then we are looking for A point?
See this explanation from Alan (https://www.forexfactory.com/showthr...2#post12173982).
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