Trading the Cable swings via averages | Page 156 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #3,101
  • May 18, 2019 11:55am May 18, 2019 11:55am
lines of the classic piviot weekly history
graphic elements wedge, triangle, breakdown
I hope it will be beautiful
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH12121.png Size: 72 KB
Click to Enlarge Name: GBPUSDM5.png Size: 43 KB
  • #3,102
  • May 19, 2019 3:52am May 19, 2019 3:52am
I have not got a clue what the last two posts were all about, certainly nothing whatsoever to do with this thread.

Don't you just love people going off topic.
  • #3,103
  • Edited 6:34pm May 19, 2019 4:06am | Edited 6:34pm
Well what is going to happen this week?

The dollar has been very strong of late and buyers seem to be demanding them wholesale but would we be too late to get in on the deals if we were to start now. I think so, we appear to coming to the end of the run and should begin our watch for a change in direction over the next 100 pips or so.

Looking at the daily chart we see that price has already made the minus box of an AB = CD and looks like challenging the 2693 swing average level as the average itself looks set to challenge the 2915 for a lower low. The trouble now is that price can just hover around for a while waiting for the EMA to catch up or we could see a serious challenge by the bulls to stop the EMA but I would like to see a div for it to do that.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #3,104
  • May 19, 2019 4:13am May 19, 2019 4:13am
When we look at our average charts we can clearly see that the interest is in this daily chart making that lower low, with something like 100 pips to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
  • #3,105
  • May 19, 2019 4:26am May 19, 2019 4:26am
Quoting Nala66
{quote} That is not me keeping them it is in the programming to just stop it extending when broken. On my hand drawn charts I remove them
wich programming are u using for this? Is it special indicator ?
This was the chart that u called as ur bright template but decided to remove 1 MA at high/low to just see the average?

Thnks for ur time and patiente and sorry if I am asking too much but im learning the way u trade the market and I would like to do it properly.
  • #3,106
  • May 19, 2019 4:34am May 19, 2019 4:34am
Quoting witowito
{quote} wich programming are u using for this? Is it special indicator ? This was the chart that u called as ur bright template but decided to remove 1 MA at high/low to just see the average? Thnks for ur time and patiente and sorry if I am asking too much but im learning the way u trade the market and I would like to do it properly.
its the 26ema hump, programmed by mr magnet Post #2,193
life is a reflection of what we allow ourselves to see
  • #3,107
  • May 19, 2019 4:36am May 19, 2019 4:36am
Quoting mikeeating
{quote} its the 26ema hump, programmed by mr magnet Post #2,193
Thnks
  • #3,108
  • May 19, 2019 6:39am May 19, 2019 6:39am
Quoting nala66
i have not got a clue what the last two posts were all about, certainly nothing whatsoever to do with this thread. Don't you just love people going off topic.
мне трудно перестроить сознание к чему я привык , ваша система несомненно повлияла на мое сознание , она проста как инструкция от ТРЕЙДИНГ ЦЕНТРАЛ , можно просто следовать этим рекомендациям ) ,или инструкции или поведению ))) цены. Ожидания внешних факторов в цене , это всего лишь красивый график ,исторический ,как то что я могу помнить как писали о фунте что фунт будет испытывать трудности выше 1.2780 если мне не изменят память в торговле от 1.24-26 ))) когда то ))) но я торгую мт5 и ни как не могу настроить ваши настройки индикатором ,но несомненно ваши графики красивы ))) и нет я не буду мешать вашему потоку своими графиками .Буду читать что вы пишите .
  • #3,109
  • Edited 12:59am May 20, 2019 12:33am | Edited 12:59am
Quoting Nala66
Well what is going to happen this week? The dollar has been very strong of late and buyers seem to be demanding them wholesale but would we be too late to get in on the deals if we were to start now. I think so, we appear to coming to the end of the run and should begin our watch for a change in direction over the next 100 pips or so. Looking at the daily chart we see that price has already made the minus box of an AB = CD and looks like challenging the 2693 swing average level as the average itself looks set to challenge the 2915 for a lower low....
Can we consider as a valid divergences ?
Or are the pivots to far away between each other?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #3,110
  • May 20, 2019 3:09am May 20, 2019 3:09am
another excellent session, waiting to see what the hour does!?
life is a reflection of what we allow ourselves to see
  • #3,111
  • May 20, 2019 7:12pm May 20, 2019 7:12pm
Quoting witowito
{quote} Can we consider as a valid divergences ? Or are the pivots to far away between each other? {image}
Yes but watch what the average is doing. That was only in divergence by 1 pip so not very strong at all for a daily chart.
  • #3,112
  • May 20, 2019 7:28pm May 20, 2019 7:28pm
As expected we still see the bears holding as the average is approaching the 2915 level.

The market doesn't like to stay in these holding patterns for too long, people want to make money.

At the moment they are just putting it into the piggy bank and sitting on their hands. As we can clearly see the daily moves are no so great but they have been consistently short.

Obviously things will begin to happen firstly at the lower time frame levels and then domino up to the higher time frames. However I would advise not to try and catch the bus before it arrives, wait for the evidence no need to rush in blindly.

Even on this 4 hour chart there is nothing to indicate direction so keep things tight lest a trade gets away from you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
  • #3,113
  • Edited 1:51am May 21, 2019 1:19am | Edited 1:51am
HD m5 + H1 suggest us to take the price back to H1 EMA26?

HD H1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB



HD m5 (editing after the close is just classical DIV)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 70 KB





Averages keep pushing lower making LL in m5 so maybe not good idea to take longs there right?


Thnks
  • #3,114
  • May 21, 2019 1:26am May 21, 2019 1:26am
The next lower level on the Hour is 2643. We need to see a big push to make that level and seriously break yesterdays price low.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #3,115
  • May 21, 2019 1:47am May 21, 2019 1:47am
Quoting witowito
HD m5 + H1 suggest us to take the price back to H1 EMA26? HD H1{image} HD m5 (editing after the close is just classical DIV){image} Averages keep pushing lower making LL in m5 so maybe not good idea to take longs there right? Ok and now if H1 close like this its just a normal divergences but it was a HD if price moved back up ?? How do I recognize when is going to be a hidden one or it will be regular one? Am I doing something wrong? Thnks
I like your flashy arrows.. cute
  • #3,116
  • May 21, 2019 1:51am May 21, 2019 1:51am
Quoting Nala66
{quote} I like your flashy arrows.. cute
...thnks

I have a question(edit)
If H1 close like this its just a regular divergence but it will be a HD if price reverse and close above friday low?
How do I recognize when is going to be a hidden one or not?cause i guess all hidden start being a regular if price dont reverse ??
Am I doing something wrong?

Thnks
  • #3,117
  • May 21, 2019 1:57am May 21, 2019 1:57am
I don't like it when even the tick chart stops moving
  • #3,118
  • May 21, 2019 2:05am May 21, 2019 2:05am
Quoting witowito
{quote} ...thnks I have a question(edit) If H1 close like this its just a regular divergence but it will be a HD if price reverse and close above friday low? How do I recognize when is going to be a hidden one or not?cause i guess all hidden start being a regular if price dont reverse ?? Am I doing something wrong? Thnks
I'm not sure where your HD was I can't find it but a two bar test will sort them out for you.

I see HD's when price is stretching to get somewhere but the strength says no.
  • #3,119
  • May 21, 2019 2:08am May 21, 2019 2:08am
I wouldn't worry too much looking for bull divs in a bear market.

Much better to look for the continuation signals unless you feel the need to hedge a short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 53 KB
  • #3,120
  • May 21, 2019 2:44am May 21, 2019 2:44am
might get a news spike shortly, a chance to enter more shorts, another good session anyway...
life is a reflection of what we allow ourselves to see
1 trader viewing now