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Trading the Cable swings via averages

  • #2,961
  • May 1, 2019 7:00am May 1, 2019 7:00am
Quoting Jazz1964
{quote} Not sure if I understand your question Mike. The circle in the Hidden Divergence indicator window shows why I took that exit. If you wanted to know why I closed the sell from the hedge, my answer is possibly not too clear on that. I spotted RSI weakening quicker than price, that looked a bit like a continuation div. Plus, price stayed well above the EA for a while, I went for an AB=CD idea (which now points to 3099). If you wanted to know why I Bought the market, here is the trend: {image}
Have you post ideas AB=CD in your chart?
And zone ZOO.I want to know it.hihi...thanks bro
  • #2,962
  • May 1, 2019 9:32am May 1, 2019 9:32am
Quoting HoangPhuong
{quote} Thanks Mr Nala I have question for Mr Nala. What is HD point? Are we compare RSI slow with line price or SMA?wright or wrong? Have we input entry 1:0.3lot input entry 2:0.6 entry3: 0.9 and wating..end 400 point(40 pip)?if we see div 5M time? So sorry because i dont understand all knowleg you teach in forum. I learn 1M to you. I hope you can teach for me Thanks sir!
HD is hidden divergence.
No the slow RSI compares to the fast RSI. It can signal divergence between the two or additional entries or possible exhaustion.
Yes these entries are correct for my particular situation and the 40 pip target begins once the third entry is made.
Entries begin at the approximate time of the 108 5m bar. Depending on the signals we see at about this time. For example look at todays 9am 1 hour bar the fast RSI is signalling possible exhaustion, then drop to the 5m to look for the long entries.

Ask are we trading above or below the average (above)
If above then have the bulls found support (Yes)
If yes then what is the likely price target. Bearing in mind price at this time makes a nice run most of the time.

Look at the charts below, where I have circled is the same time on each chart. Just look what is going on here and how it easily makes the required pips.
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  • #2,963
  • May 1, 2019 10:01am May 1, 2019 10:01am
Quoting Rodin
{quote} Hello Alan, I have a couple of questions regarding the bull/bear support. - In the quoted picture, bull support isn't appearing earlier ? 5 bars before you state "div 1st entry". In other words after crossing MA and founding support ? - When price creates support, let's say bull support in this exemple, when do you invalidate the support ? when price CLOSE below LOW of support ? I like your system a lot and it fits my personality as well, so thank you in advance to clear this little confusion and also to share your thoughts and methodology...
Well Rodin the 1st entry was the div and from then on each trade is different depending on the situation. That is why I have broken down all the situations into their respective components to explain them. The market is always going to mix or shuffle these situations to make it as confusing as possible.

Now a support bullish or bearish is when price crosses the 26EMA (which is the same as the RSI 50% level) and fails to recross before a V is formed. So obviously a support is invalidated when price closes below it or price may turn and close back below the EMA.

On the 15 min chart below I have drawn in the two bullish supports (There are no bear supports on this shot at all)

Look at (1) price has crossed from below makes the pull back and finds support. As you can see this was later taken out but the bears could not find support.

Now look at (2) it made a two bar pull back to find bullish support and so far this has been retested by the bears but still holds good. Currentlly price is bouncing off the swing high average which acts as resistance. All this time the average is trying to reach the price.
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  • #2,964
  • May 1, 2019 10:20am May 1, 2019 10:20am
Quoting Rodin
{quote} Another question On your M15 chart why did you say bull weakness here ? No divergence. Because of fast RSI below RSI ? I suppose you declare weakness when price closes in a red candle or do you anticipate it through M5/M1 bearish signals like divergence on ZOO and so on ? Thanks !
This is a little more complicated to explain than it actually is. It depends whether we are looking for weakness or exhaustion they are different things.

Examples.

Weakness. We have a bear div in play and see the fast RSI make a peak below the slow RSI. In other words we are seeing the last 5 count of the RSI was weaker than the last 14 count.

Exhaustion. Is when we see the fast RSI bolt away from the slow to form a valley. In other words the last 5 count of the RSI raced away from the last 14 count and runs out of puff.

We have to be careful in determining what we are looking for because these are opposites i.e. peaks and valleys.. I would suggest you look back over the charts and look how each plays out in relation to the price action.
  • #2,965
  • May 1, 2019 10:24am May 1, 2019 10:24am
Quoting Jazz1964
This is what I did today {image}
Great stuff Jazz
  • #2,966
  • May 1, 2019 10:27am May 1, 2019 10:27am
Quoting Jazz1964
{quote} Not sure if I understand your question Mike. The circle in the Hidden Divergence indicator window shows why I took that exit. If you wanted to know why I closed the sell from the hedge, my answer is possibly not too clear on that. I spotted RSI weakening quicker than price, that looked a bit like a continuation div. Plus, price stayed well above the MA for a while, I went for an AB=CD idea (which now points to 3099). If you wanted to know why I Bought the market, here is the trend: {image}
Everyone should take note of these charts see how much Jazz can see here. So much useful information on these simple charts.

This is what this thread is all about, trading the averages and the signals that take us from A to z.
  • #2,967
  • May 1, 2019 2:07pm May 1, 2019 2:07pm
I'll do the homework Thank you Alan.
  • #2,968
  • May 1, 2019 11:14pm May 1, 2019 11:14pm
Quoting Nala66
{quote} Well Rodin the 1st entry was the div and from then on each trade is different depending on the situation. That is why I have broken down all the situations into their respective components to explain them. The market is always going to mix or shuffle these situations to make it as confusing as possible. Now a support bullish or bearish is when price crosses the 26EMA (which is the same as the RSI 50% level) and fails to recross before a V is formed. So obviously a support is invalidated when price closes below it or price may turn and close...
Hi Mr Nala
I still don't understand the 2-bar test
Have my red circle is 2bar test for 15M?
hope you are show me or explainv it!!!
I readed it...but i dont understand exactly.
Thank you!!!
explain
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  • #2,969
  • May 2, 2019 1:54am May 2, 2019 1:54am
Quoting Jazz1964
{quote} Not sure if I understand your question Mike. The circle in the Hidden Divergence indicator window shows why I took that exit. If you wanted to know why I closed the sell from the hedge, my answer is possibly not too clear on that. I spotted RSI weakening quicker than price, that looked a bit like a continuation div. Plus, price stayed well above the MA for a while, I went for an AB=CD idea (which now points to 3099). If you wanted to know why I Bought the market, here is the trend: {image}
sorry I didn't realise that was a hedge, but now I see what you did, good trading!
life is a reflection of what we allow ourselves to see
  • #2,970
  • May 2, 2019 3:26am May 2, 2019 3:26am
Although I didn't trade it due to having a visitor overhere, I was curious how yesterday would evolve into FOMC.
Beautiful how the measured move target on the M5 chart was reached and how that target was the exact H1 EMA swing high.
That, with bearish H1 divergence and H1 HD.
And M5 bear div and M5 HD.
That gave an easy 55 pips downward move

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Trading S/R with PA only. No indicators anymore!
  • #2,971
  • May 2, 2019 3:44am May 2, 2019 3:44am
For today's start it was clearly Long business to look for
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Supported by H1 bullish continuation div
On M5 I couldn't find divergence but it is clearly RSI oversold in the ZOO area.
Long positions could be hedged or closed at the M5 HD
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Trading S/R with PA only. No indicators anymore!
  • #2,972
  • May 2, 2019 5:10am May 2, 2019 5:10am
Alan.thank you for your science ,the trouble of the novice trader or the trader who needs some luck not in his uncertainty of the arguments on the chart . Our brain wants simplicity ,joy ,it has an instinct for self-preservation.You are right to teach.Thank you for that . The idea of balance is great .I'll post a screenshot on 4 hours that was and that can be ( 1.3018) .In the past at the rate of the pound in 28 figure rose ,gold is now at the bottom ,you are right to check for 5 minutes .The truth that I have this week memorized -this is which side came in the square balance ( lay out for 5 minutes) in that direction and will go if the candle level or the commandment of the trend is always increased side direction and support from 26 EMA( ... on 15m. 26 you've made me understand .
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USDM15.формат PNG;3327510[/attach]M15 rsi 5 on other shows ,so I have adapted ,)))
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  • #2,973
  • May 2, 2019 5:42am May 2, 2019 5:42am
I am done for the day. Waiting for the show of GBP on 14:00 GMT+3.
Too lazy to post the chart because Jazz already shared his
  • #2,974
  • May 2, 2019 8:10am May 2, 2019 8:10am
Quoting quangvision
I am done for the day. Waiting for the show of GBP on 14:00 GMT+3. Too lazy to post the chart because Jazz already shared his
Well done we can assume you went long at the 108 open.

The 5m RSI was way down south so the inference was that it should go long thus not allowing the bears to find support on the 1H.

Neither side has managed to find support so far today so the EMA flattens out.
  • #2,975
  • Edited 4:50am May 3, 2019 4:17am | Edited 4:50am
So, yesterday H1 EMA couldn't make a new HH.
So now it's gonna test the other side with more than enough room for our daily profit.
The divergences on this chart were good to get involved in a short setup.
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Trading S/R with PA only. No indicators anymore!
  • #2,976
  • May 3, 2019 4:48am May 3, 2019 4:48am
Quoting Jazz1964
So, yesterday H1 EMA couldn't make a new HH. Instead, we saw a LL. The divergences on this chart were good to get involved in a short setup. {image} {image}
Hiting target. Yeah yeah
  • #2,977
  • May 3, 2019 4:59am May 3, 2019 4:59am
I like
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Have a good weekend all and once again, thank you, Alan, for sharing and clear education on your system!
Trading S/R with PA only. No indicators anymore!
  • #2,978
  • May 3, 2019 6:28am May 3, 2019 6:28am
Quoting Jazz1964
I like {image} Have a good weekend all and once again, thank you, Alan, for sharing and clear education on your system!
Perfect master class stuff.
  • #2,979
  • May 3, 2019 6:44am May 3, 2019 6:44am
Quoting Jazz1964
I like {image} Have a good weekend all and once again, thank you, Alan, for sharing and clear education on your system!
So happy to see your persistence paying off Jazz. Really well done.
  • #2,980
  • May 3, 2019 7:48am May 3, 2019 7:48am
Just an observation on the NFP news:
Price pulled down and then went up on HD. Then paused or stopped (for now) at the H1 EMA.
That's a quick 30+ pip move.
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Trading S/R with PA only. No indicators anymore!
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