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Trading the Cable swings via averages

  • #4,381
  • Aug 12, 2019 1:56am Aug 12, 2019 1:56am
Quoting k1w1
{quote} Alan, was it custom made like your hidden divergence indicator (which is brilliant), or did you simply find it somewhere on the internet? All of the divergence indicators I've seen connect bar highs/lows and not the closes. I've also never seen one plot divergences between fast and slow RSIs. It would be an awesome tool if it did exist! Cheers
Yes it was custom made by a guy in Sydney but I have lost contact with him.

I don't need the tool as the signals stand out so clearly Like this...
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  • #4,382
  • Aug 12, 2019 4:03pm Aug 12, 2019 4:03pm
Quoting Nala66
{quote} Yes it was custom made by a guy in Sydney but I have lost contact with him. I don't need the tool as the signals stand out so clearly Like this... {image}
Yes, you could probably trade those patterns with your eyes closed
  • #4,383
  • Aug 13, 2019 1:45am Aug 13, 2019 1:45am
Yesterday price went to the north side of the 30 min signal demonstrating we should always be trading with the average.

Today I see the 1 hour has reached the 50% long level and now looks like heading for the short levels.

As long as we are below the 5min EMA I am short.
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  • #4,384
  • Edited 7:08am Aug 13, 2019 5:52am | Edited 7:08am
I'll be back in a couple of days, enjoying a bit of holiday after a busy period privately.
I just watch charts once a day, I see there were plenty of good setups to trade.
Trading S/R with PA only. No indicators anymore!
  • #4,385
  • Aug 13, 2019 7:13am Aug 13, 2019 7:13am
I am looking for short opportunity near 1.20900
  • #4,386
  • Aug 14, 2019 1:16am Aug 14, 2019 1:16am
Today we see the bears are just killing time holding the price in a range of about 50 Pips.
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  • #4,387
  • Aug 14, 2019 10:45pm Aug 14, 2019 10:45pm
We see today much the same happened yesterday as the previous two days.

3 times now price has hit the 50% level of the ConDiv which is also a 50% retrace of the down move.

Almost identical moves each day as the bears hold the bulls in a sideways holding pattern. The bears are not in any hurry because we are only half way through the month heading for that 1808 level.

So choppy is the name of the game for a tad as the market looks for buyers to rob.

Not much given by way of signals on the 1 hour and for me they were in the wrong direction as I look to short.

Note how 1, 2 and 3 were very nice ZOO points to look for shorts.
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  • #4,388
  • Aug 15, 2019 4:45am Aug 15, 2019 4:45am
Is this now 4 times in a row?
  • #4,389
  • Aug 19, 2019 6:22am Aug 19, 2019 6:22am
This is what i am presently seeing on the 1H and 5m time frames. Can someone please critique my analysis to let me know if i am doing it correctly.
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  • #4,390
  • Aug 19, 2019 11:36am Aug 19, 2019 11:36am
it paid well
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  • #4,391
  • Aug 20, 2019 2:27am Aug 20, 2019 2:27am
Quoting blessedchuck
This is what i am presently seeing on the 1H and 5m time frames. Can someone please critique my analysis to let me know if i am doing it correctly. {image} {image}
Can't see any analysis, just charts.

Should be seeing something like this...
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  • #4,392
  • Aug 20, 2019 8:33am Aug 20, 2019 8:33am
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something like this
  • #4,393
  • Aug 20, 2019 8:53am Aug 20, 2019 8:53am
Quoting huskyboy
{image} something like this
Should be like this
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  • #4,394
  • Aug 20, 2019 9:37am Aug 20, 2019 9:37am
Quoting Nala66
{quote} Can't see any analysis, just charts. Should be seeing something like this... {image}
sorry about that. i drew my div lines in blue. but i redrew them here in white.
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  • #4,395
  • Aug 20, 2019 9:41am Aug 20, 2019 9:41am
Quoting Nala66
{quote} Should be like this {image}
Thx Alan, i completely understand why you draw the second triangle (i admit i didn't see it untill now) but does that mean that the triangles i draw aren't valid?
  • #4,396
  • Aug 20, 2019 9:42am Aug 20, 2019 9:42am
Quoting huskyboy
{image} something like this
where did you get (or how you make) the destination tool below price, and how do I use it?
  • #4,397
  • Aug 20, 2019 9:45am Aug 20, 2019 9:45am
Quoting Nala66
{quote} Should be like this {image}
alan i have been searching this thread looking for information on the destination/price target tool you have on your chart. is there a post i can read where you taught how to use it?
  • #4,398
  • Aug 20, 2019 9:53am Aug 20, 2019 9:53am
Attached Image (click to enlarge)
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both the lower and higher targets are reached, and now? At the bottom the bull RSI/RSI took it up, the spike up ran into a bear RSI/RSI, now it seems like building up bull support?
  • #4,399
  • Aug 20, 2019 9:59am Aug 20, 2019 9:59am
Quoting blessedchuck
{quote} where did you get (or how you make) the destination tool below price, and how do I use it?
look up for ABCD, there's the answer; measure A to B and put it on top or below C and there's your target and 50 level.
  • #4,400
  • Aug 21, 2019 1:59am Aug 21, 2019 1:59am
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i see this
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