Trading the Cable swings via averages | Page 168 | 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

  • #3,341
  • Jun 3, 2019 4:18am Jun 3, 2019 4:18am
Very detailed progress of your trading today Alan - thank you. I am sure I am not the only one that would welcome you presenting an occasional webinar at times to suit you. What do other members think?
  • #3,342
  • Edited 4:49am Jun 3, 2019 4:30am | Edited 4:49am
OK here goes with the 15 min.

ABC forms the CON/DIV but we have 3 possible C's. This gives us a range of levels to aim for i.e. 1, 2, 3

Now things to note are that it went 50% the wrong way. This was divergence on the 5 min but forget that for now.

Now A was the Apex marked with a vertical blue line.

Look now at Y and Z both of these passed the Apex but the RSI did not so both X and Y were in hidden divergence.

Z managed to push up into the 123 range and then the divs kicked in to bring price back across the EMA causing the average to fail to make the HH.

So now we are in a situation where have a failed HH so price should drag the average to test for a LL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #3,343
  • Jun 3, 2019 6:43pm Jun 3, 2019 6:43pm
Hi guys, found this divergence indicator on another thread which focuses on macd divs but the indicator itself works with most oscillators, RSI included. Seems to be highly configurable and thought this may be more useful to those more experienced and knowledgeable in tweaking it for this thread's purposes. Hope it's helpful.

Here's the link to the thread:
https://www.forexfactory.com/showthr...64#post7470364

Happy trading.

Attached File(s)
File Type: ex4 !___MTH MT4 B646 Standard Divergence Marker Indi.ex4   106 KB | 301 downloads
  • #3,344
  • Jun 4, 2019 6:01am Jun 4, 2019 6:01am
Improving step by step.
I tryed short early in the morning and I got stopped out and then saw how price drop without me...
Then i took a long at the bottom and it worked pretty good so i have my money back and some profits...
I also tryed few hedge wich i think is the hardest part so Its next step for me
So far so good...
Happy with small profits while improving/learning.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
  • #3,345
  • Edited 7:10pm Jun 4, 2019 6:11am | Edited 7:10pm
Quoting witowito
Improving step by step. I tryed short early in the morning and I got stopped out and then saw how price drop without me... Then i took a long at the bottom and it worked pretty good so i have my money back and some profits... I also tryed few hedge wich i think is the hardest part so Its next step for me So far so good... Happy with small profits while improving/learning. {image}
Glad to hear you are getting the hang of it. Keep plotting the charts though to keep in practice and after a while you will spot things automatically.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #3,346
  • Jun 4, 2019 6:32am Jun 4, 2019 6:32am
Quoting Nala66
{quote} Glad to here you are getting the hang of it. Keep plotting the charts though to keep in practice and after a while you will spot things automatically. {image}
Thnks Alan. I am very y happy how things are unfolding.
I really appreciate what u doing.
God bless u.
  • #3,347
  • Jun 4, 2019 8:55pm Jun 4, 2019 8:55pm
Here is a 1H chart covering the last few days.

There are few signals for entries but we do have the inference that price is rising as for most of the time price has been trading above the average.

This is why I look for entries at the 5M level because there we can find plenty of signals, some long and some short.

You have to look hard at the chart to see it is the average that is influencing the price action keeping the average in the ascending direction. Price may hold for a while before resuming allowing the average to catch up a tad with the price position.

It should be noted that pull backs to the average are not always going to result in a change of direction however in some cases the pull backs are worth trading because they are worth quite a few pips towards your daily total.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
  • #3,348
  • Jun 4, 2019 10:17pm Jun 4, 2019 10:17pm
From a daily perspective things are looking iffy now...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #3,349
  • Jun 5, 2019 12:02am Jun 5, 2019 12:02am
Hi Alan, I was just wondering if you picked this level yesterday where I have boxed it on the 5m, where price turned? I saw there was divergence but interested to know if you had any other confluence
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.png Size: 576 KB
life is a reflection of what we allow ourselves to see
  • #3,350
  • Jun 5, 2019 12:29am Jun 5, 2019 12:29am
Quoting mikeeating
Hi Alan, I was just wondering if you picked this level yesterday where I have boxed it on the 5m, where price turned? I saw there was divergence but interested to know if you had any other confluence {image}
Actually Mike I was finished by the time it got there.

This is what my chart was like at that time...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB
  • #3,351
  • Jun 5, 2019 12:43am Jun 5, 2019 12:43am
Quoting mikeeating
Hi Alan, I was just wondering if you picked this level yesterday where I have boxed it on the 5m, where price turned? I saw there was divergence but interested to know if you had any other confluence {image}
I was looking at this (H1&m15)when took that DIV for longs yesterday.
I dont know if is correct but just my view at that time... Let see what Alan have to say lol.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 108 KB
Click to Enlarge Name: Screenshot3.png Size: 108 KB
Click to Enlarge Name: Screenshot1.png Size: 104 KB
  • #3,352
  • Jun 5, 2019 12:46am Jun 5, 2019 12:46am
Quoting Nala66
{quote} Actually Mike I was finished by the time it got there. This is what my chart was like at that time... {image}
great thanks, and why did you pick this point at the start when you drew this abc?
Attached Image (click to enlarge)
Click to Enlarge Name: gu6.png Size: 252 KB
life is a reflection of what we allow ourselves to see
  • #3,353
  • Jun 5, 2019 12:50am Jun 5, 2019 12:50am
Quoting mikeeating
{quote} great thanks, and why did you pick this point at the start when you drew this abc? {image}
Oh, I didn't do that, I drew it when the triangle formed.
  • #3,354
  • Jun 5, 2019 12:53am Jun 5, 2019 12:53am
If we look at that long trade it was perfect...

Started with the div signal (back to EMA)

Crossed the EMA and found support

Formed a con/div to give us a target.

Hit the target on the button.
  • #3,355
  • Jun 5, 2019 12:56am Jun 5, 2019 12:56am
Quoting mikeeating
{quote} great thanks, and why did you pick this point at the start when you drew this abc? {image}
Whoops I think you mean the point inside your box.

Well that was the pivot point being attacked by the C point of which there were two C points. That is to say two attacks still in div
  • #3,356
  • Jun 5, 2019 1:00am Jun 5, 2019 1:00am
Quoting Nala66
If we look at that long trade it was perfect... Started with the div signal (back to EMA) Crossed the EMA and found support Formed a con/div to give us a target. Hit the target on the button.
actually yeah I am glad you brought that up because I did get on it but I closed once it reached and went back through twice, so to me I thought it was failing to find support. Should of got back on it but hesitated on that one
life is a reflection of what we allow ourselves to see
  • #3,357
  • Jun 5, 2019 1:07am Jun 5, 2019 1:07am
Quoting witowito
{quote} I was looking at this (H1&m15)when took that DIV for longs yesterday. I dont know if is correct but just my view at that time... Let see what Alan have to say lol. {image} {image} {image}
When drawing the ab = cd I draw it like this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
  • #3,358
  • Jun 5, 2019 1:13am Jun 5, 2019 1:13am
Quoting witowito
{quote} I was looking at this (H1&m15)when took that DIV for longs yesterday. I dont know if is correct but just my view at that time... Let see what Alan have to say lol. {image} {image} {image}
Yeah I watched it touch the 1 hour, as I had all shorts on, but you know there was a 1min level just slightly lower and I was convinced it was going to make it there! but alas no!
life is a reflection of what we allow ourselves to see
  • #3,359
  • Jun 5, 2019 1:21am Jun 5, 2019 1:21am
witowito I put all my next level averages as a single yellow colour so there is no confusion
  • #3,360
  • Jun 5, 2019 1:27am Jun 5, 2019 1:27am
It will be interesting to see if the bulls can get into this wide open space...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
9 traders viewing now