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Trading the Cable swings via averages

  • #3,461
  • Jun 7, 2019 3:42am Jun 7, 2019 3:42am
I'm looking at this on the 5 min
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  • #3,462
  • Jun 7, 2019 3:51am Jun 7, 2019 3:51am
Quoting Nala66
I'm looking at this on the 5 min {image}
I had that one draw also happy that i can see same as u...
Next step is trade same as u lol.
Price very overbough at h1 and with RSI Div
If we complete that abcd with m5 div could be good chance to trade back to h1 EMA?
Also i can see u have a CCI 100 in ur chart... may I ask if u using it in this market conditions or what is it for?
Thnks Alan
  • #3,463
  • Jun 7, 2019 3:59am Jun 7, 2019 3:59am
Reading the chart...
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  • #3,464
  • Jun 7, 2019 4:02am Jun 7, 2019 4:02am
Quoting Nala66
Reading the chart... {image}
Thanks Alan.
  • #3,465
  • Jun 7, 2019 4:03am Jun 7, 2019 4:03am
Quoting witowito
{quote} I had that one draw also happy that i can see same as u... Next step is trade same as u lol. Price very overbough at h1 and with RSI Div If we complete that abcd with m5 div could be good chance to trade back to h1 EMA? Also i can see u have a CCI 100 in ur chart... may I ask if u using it in this market conditions or what is it for? Thnks Alan
Couple of things here.

1) I do not have a CCI on any chart.

2) The completion of a 5 min target has no bearing on the higher time frame ( wrong way round.

3) There is no such thing as being overbought or oversold
  • #3,466
  • Jun 7, 2019 4:08am Jun 7, 2019 4:08am
If for example the RSI is way up at the 80 level.

What do the bears have to do to get it back to the 50% level.

Simple, they just go 1 for 1 and the average will then drop back to the 50% level.

To remain above the bulls have to go at it about 5:1
  • #3,467
  • Jun 7, 2019 4:17am Jun 7, 2019 4:17am
Quoting Nala66
{quote} Couple of things here. 1) I do not have a CCI on any chart. 2) The completion of a 5 min target has no bearing on the higher time frame ( wrong way round. 3) There is no such thing as being overbought or oversold
Ok thnks for answering...
Oversold or overbough i wanted to mean fast RSI above 80 or below 20 ... as a sign of exaustion.
I saw h1 DIV and a pattern to complete in m5 so used as a ZOO point but i guess is not correct.
So H1 div will bring price back to H1 ema or try to do it and m5 D target with div will bring price to m5 ema
Its in the opposite direction , i guess i made wrong the question...
Sorry for my english
  • #3,468
  • Jun 7, 2019 4:35am Jun 7, 2019 4:35am
Things will heat up going into NY I think
life is a reflection of what we allow ourselves to see
  • #3,469
  • Jun 7, 2019 4:36am Jun 7, 2019 4:36am
Quoting mikeeating
Things will heat up going into NY I think
Alans probably already made his 40 pips so he'll be snoozing lol
life is a reflection of what we allow ourselves to see
  • #3,470
  • Jun 7, 2019 4:43am Jun 7, 2019 4:43am
I moved the target a tad lower because both these bars closed at exactly the same level? The 50% looked better too.
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  • #3,471
  • Jun 7, 2019 4:45am Jun 7, 2019 4:45am
Ha and now it takes out the higher level also.... Bugger.

I am done yes.

Went up, then down, then up again.
  • #3,472
  • Jun 7, 2019 4:46am Jun 7, 2019 4:46am
Still the bulls are trying for that 2727
  • #3,473
  • Jun 7, 2019 4:47am Jun 7, 2019 4:47am
Quoting witowito
{quote} Ok thnks for answering... Oversold or overbough i wanted to mean fast RSI above 80 or below 20 ... as a sign of exaustion. I saw h1 DIV and a pattern to complete in m5 so used as a ZOO point but i guess is not correct. So H1 div will bring price back to H1 ema or try to do it and m5 D target with div will bring price to m5 ema Its in the opposite direction , i guess i made wrong the question... Sorry for my english
I can't find this H1 div you speak of
  • #3,474
  • Jun 7, 2019 4:49am Jun 7, 2019 4:49am
H1 average has made the HH now trying for the 2703 level
  • #3,475
  • Jun 7, 2019 4:52am Jun 7, 2019 4:52am
Quoting Nala66
{quote} I can't find this H1 div you speak of
I belive im doing something wrong.
This is the one i was refering.
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  • #3,476
  • Jun 7, 2019 4:55am Jun 7, 2019 4:55am
Quoting mikeeating
Things will heat up going into NY I think
This may be Mike especially if the bulls can make that wide open space.

A return to 100+ moves would be handy.
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  • #3,477
  • Jun 7, 2019 4:58am Jun 7, 2019 4:58am
Quoting witowito
{quote} I belive im doing something wrong. This is the one i was refering. {image}
Oh I see now you meant an RSI div and the bulls just pushed through it. A sign of bullish strength don't you think so look to the average swing to determine where it is trying to go.

Don't worry about your English we understand it fine.
  • #3,478
  • Jun 7, 2019 5:02am Jun 7, 2019 5:02am
Now when the hour hit the 2727 was the 5 min in div = ZOO point.
  • #3,479
  • Jun 7, 2019 5:22am Jun 7, 2019 5:22am
I am knocking off now guys so have a good weekend y'all
  • #3,480
  • Jun 7, 2019 5:26am Jun 7, 2019 5:26am
Quoting Nala66
I am knocking off now guys so have a good weekend y'all
Thnks allan.
Have a good weekend u too.
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