Trading the Cable swings via averages | Page 173 | 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

  • #3,441
  • Jun 6, 2019 4:37am Jun 6, 2019 4:37am
Hopefully that was bullish support on the 5
  • #3,442
  • Jun 6, 2019 4:41am Jun 6, 2019 4:41am
You need to see that this 5 min RSI div fails the EMA cross and that means a HH
  • #3,443
  • Jun 6, 2019 8:41am Jun 6, 2019 8:41am
Well there we go it hit the D2 which was the lowest of the targets and now looks like trying to stop the average making a HH.

I have lost faith in the other targets so I have removed them.

Also that hit on the hour was a bear div on the 5 min so it was a ZOO point.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #3,444
  • Jun 6, 2019 9:06pm Jun 6, 2019 9:06pm
Well as I awake this morning I see the bears did actually manage to stop the average.

The bulls have now had two attempts at trying for the 2727 but beaten back each time (not forgetting the wide open space above this level).

Now the average is stuck between a narrow range probably waiting the 108 again. As yet I can't see a new signal on the hour so who knows what will happen today (Friday)

Looking at the daily chart it just appears to me the bears are holding their own letting the EMA catch up and possibly take out the 2693. One would expect the bulls to have something to say about that so the resulting argument should bring with it some good moves for us.

Looking at the 4 hour price is still trading above the average and looking to take it to the 2704 level. Is it any wonder we have a yo-yo market.

My guess is this battle will continue for a tad.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 98 KB
  • #3,445
  • Jun 6, 2019 9:42pm Jun 6, 2019 9:42pm
Good morning Alan. Yesterday I searched the thread without success the method you used (ZOO)to determine the targets. Could you please briefly explain to me what it’s called and how to use it. I understand the conventional AB=CD method. Thank you
Price Action Lives Here
  • #3,446
  • Edited 11:38pm Jun 6, 2019 9:52pm | Edited 11:38pm
Quoting Halalisani1
Good morning Alan. Yesterday I searched the thread without success the method you used (ZOO)to determine the targets. Could you please briefly explain to me what it’s called and how to use it. I understand the conventional AB=CD method. Thank you
ZOO simply means that a chart has reached a target point and may thus turn at that level. So ZOO means Zone Of Opportunity

If, for example, we have a target on the hour and price reaches it we would most often see divergence on the 5 min to confirm a possible direction change.
  • #3,447
  • Jun 6, 2019 9:57pm Jun 6, 2019 9:57pm
Thank you so much
Price Action Lives Here
  • #3,448
  • Jun 6, 2019 10:02pm Jun 6, 2019 10:02pm
Quoting Nala66
Well as I awake this morning I see the bears did actually manage to stop the average. The bulls have now had two attempts at trying for the 2727 but beaten back each time (not forgetting the wide open space above this level). Now the average is stuck between a narrow range probably waiting the 108 again. As yet I can't see a new signal on the hour so who knows what will happen today (Friday) Looking at the daily chart it just appears to me the bears are holding their own letting the EMA catch up and possibly take out the 2693. One would expect the...
Hi, Alan. I saw bearish divergence on H4 and also failed 2 times make HH. How about it?
  • #3,449
  • Jun 6, 2019 11:33pm Jun 6, 2019 11:33pm
Quoting Gilaforex13
{quote} Hi, Alan. I saw bearish divergence on H4 and also failed 2 times make HH. How about it?
I can't see what you are talking about on the 4H show us a screenshot.

I see this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #3,450
  • Jun 6, 2019 11:54pm Jun 6, 2019 11:54pm
Quoting Nala66
{quote} I can't see what you are talking about on the 4H show us a screenshot. I see this... {image}
Yups, thats what i want to say. Sorry, because i use mobile phone, no good picture.
  • #3,451
  • Jun 6, 2019 11:55pm Jun 6, 2019 11:55pm
Quoting Nala66
Well as I awake this morning I see the bears did actually manage to stop the average. The bulls have now had two attempts at trying for the 2727 but beaten back each time (not forgetting the wide open space above this level). Now the average is stuck between a narrow range probably waiting the 108 again. As yet I can't see a new signal on the hour so who knows what will happen today (Friday) Looking at the daily chart it just appears to me the bears are holding their own letting the EMA catch up and possibly take out the 2693. One would expect the...
Hi Alan, can you please tell me how you picked "b" on that particular bar on the 1 hour chart there?
life is a reflection of what we allow ourselves to see
  • #3,452
  • Jun 7, 2019 12:48am Jun 7, 2019 12:48am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 86 KB


Attached Image
  • #3,453
  • Jun 7, 2019 12:54am Jun 7, 2019 12:54am
Quoting mikeeating
{quote} Hi Alan, can you please tell me how you picked "b" on that particular bar on the 1 hour chart there?
Yep.

B was the pivot both C1 and C2 were attempting to reach but the RSI was already past this B point. B and C were on opposite sides of the average
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Click to Enlarge Name: Screenshot1.png Size: 56 KB
  • #3,454
  • Jun 7, 2019 1:01am Jun 7, 2019 1:01am
Quoting mikeeating
{quote} Hi Alan, can you please tell me how you picked "b" on that particular bar on the 1 hour chart there?
Yep see how both C 1 and C2 are attacking B. But look to the RSI and see it has already past B. We have to have a clear line of sight for these, in other words we can't chop stuff off just to make it fit. Look at the next low on the RSI and it was not a clear line of sight to B so this cannot be the correct pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 61 KB
  • #3,455
  • Jun 7, 2019 2:05am Jun 7, 2019 2:05am
Well I would say the bulls are trying hardest to break the 1H average range

Bull support on the 5 min
  • #3,456
  • Jun 7, 2019 2:46am Jun 7, 2019 2:46am
This impulse bar should do the trick
  • #3,457
  • Jun 7, 2019 2:51am Jun 7, 2019 2:51am
Trying that 2727 again. Got to admire the tenacity
  • #3,458
  • Jun 7, 2019 2:55am Jun 7, 2019 2:55am
We need another 1 hour bar like this one for a change.
  • #3,459
  • Jun 7, 2019 3:01am Jun 7, 2019 3:01am
Short @ 1.2720. Bearish div on M5.
  • #3,460
  • Jun 7, 2019 3:26am Jun 7, 2019 3:26am
very tricky for me today...
took few small losses.
Long way to walk i guess until i master the market with this approach.
1 trader viewing now