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Trading the Cable swings via averages

  • #3,921
  • Jul 2, 2019 6:53pm Jul 2, 2019 6:53pm
Quoting k1w1
{quote} Hi Alan, could you please clarify what time bar 108 occurs with relation to the European sessions? Is it half an hour before Frankfurt, or half an hour before London? I had thought it was an hour before London, but your post above suggests otherwise. Cheers
For me it says 09:00 on the chart time but via my clock it is 15:30 and this would differ again in Kiwiland so this is why I refer to it as bar 108. So measure 108 5m bars from the daily period separator and drop on a vertical line there.

It is only a visual approximate time but it is accurate enough for our purposes. It may well be the case that the US session works for some and this would be bar 204 on the 5m chart (17:00 on the chart and about midnight for me)
  • #3,922
  • Jul 2, 2019 7:01pm Jul 2, 2019 7:01pm
Quoting Jazz1964
I bought the bottom Now let me c how to get out Will it fail to pass the 50% D level? Remarkable is that D is exact the M5 EMA swing high and the H1 EMA {image}
Well done Jazz I completely missed that HD at the bottom but it was past my trading time so all good.
  • #3,923
  • Jul 2, 2019 7:24pm Jul 2, 2019 7:24pm
Quoting Nala66
{quote} For me it says 09:00 on the chart time but via my clock it is 15:30 and this would differ again in Kiwiland so this is why I refer to it as bar 108. So measure 108 5m bars from the daily period separator and drop on a vertical line there. It is only a visual approximate time but it is accurate enough for our purposes. It may well be the case that the US session works for some and this would be bar 204 on the 5m chart (17:00 on the chart and about midnight for me)
Many thanks Alan, I understand now. Bar 108 is the start of the Frankfurt session (6AM GMT), and apparently you are either in the Northern Territory or South Australia
  • #3,924
  • Jul 2, 2019 8:59pm Jul 2, 2019 8:59pm
Quoting MrMagnet
{quote} Why wouldn't you read through the whole thread and draw on Alan's years of experience. It's not like he is typing all this for you not to read.
I want to clarify something. No fear, I will not write too much personal stuff, but a good entry in a group is important for me because I have serious plans.

I VERY appreciate everything that Alan did do for those who are interested to be successful in trading. Like me. I am a friendly person with serious ambitions and try always not to ask bullshit.

The reason why I asked is, not to save time or effort, but to figure out the most effective way to learn here. It was a question and there is no need for bashing or at least a negative subtext. But maybe I got the subtext wrong, maybe I am too sensitive. I am under pressure a bit...

However. I will do EVERYTHING to learn this concept. So, I start with the PDF (thank you again for the hint, and foremost Alan for the content and Davidmaree for the collection of it in a PDF). And as I complete the PDF I´ll start to practice and to read the whole 3900 single posts. And sure, also because of appreciation of Alan's effort and details.

Let's have a good start together, I want to be one of you and to help where my experience would be useful.

Thank Alan and you all that I have the luck to be here with you.


P.S: My name is Robert, 49Y, permanent living in Kuala Lumpur in Malaysia and German is my native language.
Trying to safe the world...
  • #3,925
  • Edited 10:47pm Jul 2, 2019 10:28pm | Edited 10:47pm
Quoting RobertMY
{quote} I want to clarify something. No fear, I will not write too much personal stuff, but a good entry in a group is important for me because I have serious plans. I VERY appreciate everything that Alan did do for those who are interested to be successful in trading. Like me. I am a friendly person with serious ambitions and try always not to ask bullshit. The reason why I asked is, not to save time or effort, but to figure out the most effective way to learn here. It was a question and there is no need for bashing or at least a negative subtext....
Hi Robert, welcome to the thread

I too have serious plans for this method, which Alan has graciously shared and detailed for everyone to understand. For me, this method has been a 'lightbulb moment' when it comes to trading.

What makes Alan's method particularly brilliant? Ten reasons + an eleventh super bonus reason:

  1. You don't need a large account
  2. The signals are very high probability
  3. You get into trades very early, before price starts to move
  4. Tight stops, scaling into large positions, and hedging = very high risk-reward ratio (and low risk)
  5. You know exactly what time to trade
  6. You know exactly which pair to trade (only one!)
  7. You don't need to trade all day (or all night)
  8. You know whether to look for buys or sells
  9. You know exactly when to enter a trade
  10. You know exactly when to exit a trade
  11. You didn't pay a cent for one of the greatest trading methods ever to appear on this forum (many, many thanks Alan!)

Cheers

  • #3,926
  • Jul 2, 2019 10:56pm Jul 2, 2019 10:56pm
For those wishing to read through the entire thread, or catch up on big chunks of it, here's a tip...

You can view up to 40 posts per page as a black-and-white "printable version" of the thread: https://www.forexfactory.com/printth...t=849587&pp=40

That means the thread is only 99 pages long (as it stands)

Happy reading

Cheers
  • #3,927
  • Jul 2, 2019 11:11pm Jul 2, 2019 11:11pm
Quoting k1w1
For those wishing to read through the entire thread, or catch up on big chunks of it, here's a tip... You can view up to 40 posts per page as a black-and-white "printable version" of the thread: https://www.forexfactory.com/printth...t=849587&pp=40 That means the thread is only 99 pages long (as it stands) Happy reading Cheers
Since me being a "junior Member" I cant give you a thumbs up. So that way:

THANK YOU!

This is PRINTABLE! Perfect!
Trying to safe the world...
  • #3,928
  • Jul 2, 2019 11:55pm Jul 2, 2019 11:55pm
Just before the session starts today and I get busy I'll just say a few things about divergence which may help the newbies.

There are several kinds of divergence:-

1) Regular bullish or bearish divergence. These should only be taken with supporting evidence such as a higher time frame ZOO point.

2) Continuation divergence which forms the ABC triangle to give a target D

3) RSI divergence where the Fast RSI conflicts with the slow RSI.

4) Hidden divergence where price for a fleeting moment was in regular divergence and snaps back to be hidden. This requires an RSI history to see it.

All of these divergence situations should take price back to the EMA but if they fail then price will make the HH or LL depending on the direction.

Of the 4 the latter hidden divergence is probably the best because it is easily seen, has a defined stop above itself but it lacks a target which has to come from some other source. This is still the best for newbies to trade if they just want to develop a simple system. It does require work in the form of testing the pivots in real time looking for the divergence signal.

Here below is the 5 min chart and I have shown clearly where the Hidden divs are and the con/divs forming the ABC triangles. There may be more but this is plenty to study.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #3,929
  • Jul 3, 2019 12:03am Jul 3, 2019 12:03am
Quoting Nala66
Just before the session starts today and I get busy I'll just say a few things about divergence which may help the newbies. There are several kinds of divergence:- 1) Regular bullish or bearish divergence. These should only be taken with supporting evidence such as a higher time frame ZOO point. 2) Continuation divergence which forms the ABC triangle to give a target D 3) RSI divergence where the Fast RSI conflicts with the slow RSI. 4) Hidden divergence where price for a fleeting moment was in regular divergence and snaps back to be hidden. This...
This is hugely helpful. Thank you Alan
  • #3,930
  • Jul 3, 2019 1:21am Jul 3, 2019 1:21am
If I have to say anything about cable GBPUSD then it is strong down trend for both in daily & weekly chart!
  • #3,931
  • Jul 3, 2019 1:39am Jul 3, 2019 1:39am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 0307 0831.png Size: 27 KB


AB=CD, valid one? Thx Jazz for your tpl!!!
  • #3,932
  • Jul 3, 2019 3:37am Jul 3, 2019 3:37am
Just got to the table...Had visitors.

It looks like both sides are playing silly buggers so I would expect this to be just a holding pattern waiting on the 1H EMA

I see the 1H AB = CD has made it.
  • #3,933
  • Jul 3, 2019 3:55am Jul 3, 2019 3:55am
I also just came back home and just checked what opportunities were presented
Who was able to catch something?
The short just before 108 was valid but I wonder if I would have pushed the button.
ABCD target on M5 just missed its target.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 100 KB
Trading S/R with PA only. No indicators anymore!
  • #3,934
  • Jul 3, 2019 4:18am Jul 3, 2019 4:18am
Quoting Jazz1964
I also just came back home and just checked what opportunities were presented Who was able to catch something? The short just before 108 was valid but I wonder if I would have pushed the button. ABCD target on M5 just missed its target. {image}
I only have a few pips so far...not easy today
  • #3,935
  • Jul 3, 2019 4:25am Jul 3, 2019 4:25am
The tick chart is barely moving showing not much interest just now.
  • #3,936
  • Jul 3, 2019 4:27am Jul 3, 2019 4:27am
Quoting Nala66
The tick chart is barely moving showing not much interest just now.
NFP news in a few hours, they maybe holding until then
  • #3,937
  • Jul 3, 2019 4:27am Jul 3, 2019 4:27am
Yeah Jazz that abcd miss was a HD
  • #3,938
  • Jul 3, 2019 4:32am Jul 3, 2019 4:32am
Quoting 4xtrader41
{quote} NFP news in a few hours, they maybe holding until then
OH OK maybe that is the problem, shouldn't that be on a Friday?????
  • #3,939
  • Jul 3, 2019 4:50am Jul 3, 2019 4:50am
Quoting Nala66
{quote} OH OK maybe that is the problem, shouldn't that be on a Friday?????
it's ADP Non-Farm Employment Change in 2.5 hour from now
then in 4:10 hour from now ISM Non-Manufacturing PMI
Trading S/R with PA only. No indicators anymore!
  • #3,940
  • Jul 3, 2019 4:57am Jul 3, 2019 4:57am
Quoting Nala66
3) RSI divergence where the Fast RSI conflicts with the slow RSI.
Just a small thing: I am wondering if you handle RSIslow/RSIfast divergences equal, like it doesn't matter in what direction they are pointing. Or am I wrong and the question is solved at the point if the slow is below fast (and vice versa)? For me it seems like any RSI/RSI divergence points in the direction change towards average for you.

Or am I just confused?
Trying to safe the world...
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