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Trading the Cable swings via averages

  • #3,521
  • Jun 12, 2019 5:33am Jun 12, 2019 5:33am
Quoting mikeeating
was looking at 1.27716 for next one hour target, not sure if right though {image}
If i understand correctly in the case u take that attacking pivot u need to look at the left and see wich pivot is being attacked...
Anyway both pivots are at same side of EMA so I guess is not the best of the options to draw an ABCD.
So i think are not draw correctly...
Just my idea let see what alan have to say.
Attached Image (click to enlarge)
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  • #3,522
  • Jun 12, 2019 5:46am Jun 12, 2019 5:46am
Quoting witowito
{quote} If i understand correctly in the case u take that attacking pivot u need to look at the left and see wich pivot is being attacked... Anyway both pivots are at same side of EMA so I guess is not the best of the options to draw an ABCD. So i think are not draw correctly... Just my idea let see what alan have to say. {image}
Thanks yes you're probably right, I don't know why I keep thinking to draw it the other way, seems easier for some reason, bu, how do you pick the next bigger target?, because the next hour has not formed yet? so H4?
life is a reflection of what we allow ourselves to see
  • #3,523
  • Jun 12, 2019 5:49am Jun 12, 2019 5:49am
how about this one?
Attached Image (click to enlarge)
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life is a reflection of what we allow ourselves to see
  • #3,524
  • Jun 12, 2019 6:00am Jun 12, 2019 6:00am
Quoting mikeeating
how about this one? {image}
This is how my h1 looks like but dont know if its correct... the whit is an AB=CD of the whole big move, then the blue one is an abcd of continuation... wich i dont know if its drawn correctly
Attached Image(s) (click to enlarge)
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  • #3,525
  • Jun 12, 2019 6:10am Jun 12, 2019 6:10am
Quoting witowito
{quote} This is how my h1 looks like but dont know if its correct... the whit is an AB=CD of the whole big move, then the blue one is an abcd of continuation... wich i dont know if its drawn correctly {image} {image}
ok thanks, so the RSI always has to be running the opposite way to your measured moves? and the starting point on the measured move is the starting point on the RSi?
life is a reflection of what we allow ourselves to see
  • #3,526
  • Jun 12, 2019 6:14am Jun 12, 2019 6:14am
Just found this chart of Alans, he has the 1.28 as the d, interested to see if it hits
Attached Image (click to enlarge)
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life is a reflection of what we allow ourselves to see
  • #3,527
  • Jun 12, 2019 6:19am Jun 12, 2019 6:19am
Quoting mikeeating
Just found this chart of Alans, he has the 1.28 as the d, interested to see if it hits {image}
yea i took the whole move in that one to the next pivot so probably im worng with it... or is an h4 ab=cd maybe...
  • #3,528
  • Jun 12, 2019 8:12pm Jun 12, 2019 8:12pm
Well how did you all go yesterday.

I saw the average was so close to the 2727 that I expected to see just a holding pattern so not many pips in it.

This morning I check and see the bears stopped the bulls once again from cracking the 2727 (bull failure) so it tests the opposite average and makes it with the price. Past my bedtime though. Note the bear div at the turnaround so this becomes a ZOO point to be traded with a signal on the 5M chart. Then also Note how the down move terminated at the swing level in an RSI div. Again a ZOO point to be looked at on the 5M chart but this didn't cross the EMA to find any bull support.
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  • #3,529
  • Jun 12, 2019 8:47pm Jun 12, 2019 8:47pm
Quoting luckyvictor
{quote} Hi nala66 trying to follow ur logic but have a few questions, hopefully you can clear and help me see things correctly. 1. What is con/div? 2. Why do we have bull div at 2? Is it because of the RSI 14, the magenta line? 3. At 3, why do we have bull div? I can see a confirmation of a bullish div at the yellow bar which is 5 bar after the bar where you have placed number 3. 4. How can you tell it can not find support at 4? RSI 14 is above 50. 5. To close the long trade at 4, should not 4 is the red bar after the yellow bar where you put 4?...
1) A condiv is a continuation divergence where we can draw our ABCD to give us a target.
2) Yes
3)Same as two but this time the green line
4) Was at the 1h ema, in a condiv and because it has spent so much effort on the RSI it is unlikely to cross and find support.
5) No I would not have known there was a red bar to come just close on the ema
6) Following an RSI div we then look for support and the bulls found it at 6.
  • #3,530
  • Jun 12, 2019 8:52pm Jun 12, 2019 8:52pm
Quoting mikeeating
Just found this chart of Alans, he has the 1.28 as the d, interested to see if it hits {image}
Mike later I said I had taken off that AB = CD (Magenta) in favour of the lesser target ABCD (Aqua)

The thing is not to get too transfixed with these targets and look to the most current signals.
  • #3,531
  • Edited 4:43am Jun 14, 2019 2:00am | Edited 4:43am
Looks like the 2654 is on the cards today

After that we may be facing the 2621

Whoops that should have been a 3 not a 2 = 2631
  • #3,532
  • Jun 14, 2019 2:02am Jun 14, 2019 2:02am
Testing the 5 min bear support now
  • #3,533
  • Jun 14, 2019 2:12am Jun 14, 2019 2:12am
I just noticed we are at the 50% retracement level of the up move.
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  • #3,534
  • Edited 2:26am Jun 14, 2019 2:12am | Edited 2:26am
Quoting Nala66
Testing the 5 min bear support now
I found it difficult to anaylse the graph for today, no any clear signal
  • #3,535
  • Jun 14, 2019 2:31am Jun 14, 2019 2:31am
M5 bears getting stronger, its EMA continuing making LL
Trading S/R with PA only. No indicators anymore!
  • #3,536
  • Jun 14, 2019 2:35am Jun 14, 2019 2:35am
Quoting luckyvictor
{quote} I found it difficult to anaylse the graph for today, no any clear signal
This was my entry Short. It's on the H1 EMA.
Attached Image (click to enlarge)
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Trading S/R with PA only. No indicators anymore!
  • #3,537
  • Jun 14, 2019 2:53am Jun 14, 2019 2:53am
Quoting Jazz1964
{quote} This was my entry Short. It's on the H1 EMA. {image}
Very interesting.
I have another picture on the same graph...
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  • #3,538
  • Jun 14, 2019 3:06am Jun 14, 2019 3:06am
Quoting Jazz1964
{quote} This was my entry Short. It's on the H1 EMA. {image}
Thanks for your sharing.

I m still learning the concept, is this some kind of divergence?if so, which one is it?i.e rsi to rsi, price to rsi or something else?
  • #3,539
  • Jun 14, 2019 3:07am Jun 14, 2019 3:07am
Quoting fxpractice
{quote} Very interesting. I have another picture on the same graph... {image}
Seems you have your fast RSI incorrectly attached.
You have to set the parameters to "Apply to: First Indicator's Data"

End then I don't see anything diverging on your lines. Maybe start to re-read the thread?
Trading S/R with PA only. No indicators anymore!
  • #3,540
  • Jun 14, 2019 3:13am Jun 14, 2019 3:13am
Quoting luckyvictor
{quote} Thanks for your sharing. I m still learning the concept, is this some kind of divergence?if so, which one is it?i.e rsi to rsi, price to rsi or something else?
That's a divergence between both RSI's.
One goes up, the other goes down. It has been called Alan's Div in this thread. That's not yet on Wikipedia.
Trading S/R with PA only. No indicators anymore!
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