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Trading the Cable swings via averages

  • #4,321
  • Jul 29, 2019 3:37am Jul 29, 2019 3:37am
I am just sitting on my hands just now because I have no targets to aim for other than that monthly.
  • #4,322
  • Jul 29, 2019 3:43am Jul 29, 2019 3:43am
Quoting Nala66
{quote} I have just moved all the colours out of the way so we can see the bar more clearly. I can't remember this since it was a while back it could have been weekend gappage. I don't know what happened there. {image}
No worries, thanks Alan. Perhaps you drew the triangle on a different timeframe, so it looks odd when viewed on H4.
  • #4,323
  • Jul 29, 2019 3:48am Jul 29, 2019 3:48am
Quoting k1w1
{quote} No worries, thanks Alan. Perhaps you drew the triangle on a different timeframe, so it looks odd when viewed on H4.
Could be I am not sure now, I have trouble remembering yesterday let alone that far back. Who am I again?
  • #4,324
  • Jul 29, 2019 4:28am Jul 29, 2019 4:28am
What there a signal for the drop early??
  • #4,325
  • Jul 29, 2019 4:58am Jul 29, 2019 4:58am
Quoting luckyvictor
What there a signal for the drop early??
This was a good ZOO point on the 30 minute
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  • #4,326
  • Jul 29, 2019 5:42am Jul 29, 2019 5:42am
Quoting Nala66
{quote} This was a good ZOO point on the 30 minute {image}
Regarding div, I am still having difficulty to find them live (it is always easier to find them when I do my study in the history)

Is there any guidance or process to find them live? E.g how far back to search for a reference point, should we start from comparing price or from RSI value
  • #4,327
  • Jul 29, 2019 7:24am Jul 29, 2019 7:24am
Quoting luckyvictor
{quote} Regarding div, I am still having difficulty to find them live (it is always easier to find them when I do my study in the history) Is there any guidance or process to find them live? E.g how far back to search for a reference point, should we start from comparing price or from RSI value
How can you not find them? It is always the attacking pivot of another failing to do the same in the RSI

So all you need is a horizontal line on your chart and the corresponding one on the RSI to make the comparison.
  • #4,328
  • Jul 29, 2019 9:56am Jul 29, 2019 9:56am
Can you believe this about 72% of traders in the FF have been long all day. They must have massive drawdowns.
  • #4,329
  • Jul 29, 2019 2:18pm Jul 29, 2019 2:18pm
Quoting Nala66
{quote} Could be I am not sure now, I have trouble remembering yesterday let alone that far back. Who am I again?
  • #4,330
  • Jul 29, 2019 6:27pm Jul 29, 2019 6:27pm
Quoting Nala66
{quote} How can you not find them? It is always the attacking pivot of another failing to do the same in the RSI So all you need is a horizontal line on your chart and the corresponding one on the RSI to make the comparison.
Can see it easily when it happened, can always travel back enough to find the reference (it could be a price just 10 mins 2 bar ago or 100min in 20 bar ago) don't know why I find it difficult to do it live
  • #4,331
  • Edited 8:23pm Jul 29, 2019 7:23pm | Edited 8:23pm
Quoting luckyvictor
{quote} Can see it easily when it happened, can always travel back enough to find the reference (it could be a price just 10 mins 2 bar ago or 100min in 20 bar ago) don't know why I find it difficult to do it live
Maybe this will help..

When price is moving up to or past a previous pivot draw a horizontal line on the closes I could draw more on this chart but I think you should get the point from this.
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  • #4,332
  • Jul 29, 2019 8:29pm Jul 29, 2019 8:29pm
Even now during the Asian session it looks like the bears are continuing to push on downwards with just today and tomorrow left in the month. That 1808 is looking more and more likely and usually when close to the target it gets a wiggle on so maybe next month we will see it reach this objective, It all started some 19 months despite all the news events in the meantime the journey continues.
  • #4,333
  • Jul 30, 2019 5:28am Jul 30, 2019 5:28am
Quoting Nala66
Can you believe this about 72% of traders in the FF have been long all day. They must have massive drawdowns.
Wow, that's a recipe for failure, trying to guess the bottom in a strong downtrend.

There were 8 great opportunities on M5 alone to get short on divergences after pullbacks:
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  • #4,334
  • Jul 30, 2019 9:20am Jul 30, 2019 9:20am
Is this a valid ABCD on 15m chart?
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  • #4,335
  • Jul 30, 2019 7:44pm Jul 30, 2019 7:44pm
Quoting haris1211
Is this a valid ABCD on 15m chart? {image} {image}
Nope!
  • #4,336
  • Jul 30, 2019 9:23pm Jul 30, 2019 9:23pm
Quoting haris1211
Is this a valid ABCD on 15m chart? {image} {image}
I do wish you would get rid of those candles and use bars so it is far easier to plot the charts and see what is happening. Candles are rubbish.

Also zooming in a tad to the place under consideration would be handy with a vertical line dropped on so we can reference the time.


Should be like this.

From this you would detect that the 1 hour chart is in a holding pattern allowing the EMA to catch up somewhat to the price. This is a common price action i.e. PUSH and REST.
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  • #4,337
  • Jul 31, 2019 4:09am Jul 31, 2019 4:09am
Quoting Nala66
{quote} I do wish you would get rid of those candles and use bars so it is far easier to plot the charts and see what is happening. Candles are rubbish. Also zooming in a tad to the place under consideration would be handy with a vertical line dropped on so we can reference the time. Should be like this. From this you would detect that the 1 hour chart is in a holding pattern allowing the EMA to catch up somewhat to the price. This is a common price action i.e. PUSH and REST. {image}
Alan, why do you take that bar at C and not the next one? Thx
  • #4,338
  • Jul 31, 2019 5:07am Jul 31, 2019 5:07am
Quoting huskyboy
{quote} Alan, why do you take that bar at C and not the next one? Thx
Because in real time you would not have known there was going to be a next one and this one was in divergence.
  • #4,339
  • Jul 31, 2019 5:20am Jul 31, 2019 5:20am
Quoting huskyboy
{quote} Alan, why do you take that bar at C and not the next one? Thx
Just look at this mess on the 30 min.... If in doubt stay out!
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  • #4,340
  • Jul 31, 2019 5:48am Jul 31, 2019 5:48am
Still nothing going on with the 15min chart... Flat as a tack for the last day of the month so far.
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