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Trading the Cable swings via averages

  • #4,441
  • Aug 26, 2019 6:32pm Aug 26, 2019 6:32pm
Quoting k1w1
{quote} Hi Alan, it's interesting that price turned around in between the upper 50% and 100% ABCD levels. In other words, it passed the 50% level but never made it the full distance. Is that unusual? Question: Was the H1 inference bearish because of the regular bearish div about 12 hours earlier? (i.e. It was still sending price back to the EMA?) Just checking I'm understanding things correctly. Cheers
No it is not unusual... Remember failure is what we look for. See how the Bear div turns it back to the EMA
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  • #4,442
  • Aug 26, 2019 6:39pm Aug 26, 2019 6:39pm
Quoting Nala66
{quote} No it is not unusual... Remember failure is what we look for. See how the Bear div turns it back to the EMA {image}
Indeed, I just would've expected to see the failure happen as resistance at either the 50 or 100% levels.

I do, however, note the 50% level acted as support.

Cheers
  • #4,443
  • Aug 26, 2019 8:17pm Aug 26, 2019 8:17pm
Quoting k1w1
{quote} Indeed, I just would've expected to see the failure happen as resistance at either the 50 or 100% levels. I do, however, note the 50% level acted as support. Cheers
Hi
I don't think 50% level acted as R/S level for yesterday short trade. It started with H1 bearish reg div inference, entered right on proper moment with hope price would touch EMA then saw price broke EMA to hold more for last swing low as final target.
Cheers
  • #4,444
  • Aug 27, 2019 12:02am Aug 27, 2019 12:02am
Quoting quangvision
{quote} Hi I don't think 50% level acted as R/S level for yesterday short trade. It started with H1 bearish reg div inference, entered right on proper moment with hope price would touch EMA then saw price broke EMA to hold more for last swing low as final target. Cheers
Yes I see the 50% level was just a holding pattern, waiting for the following days business
  • #4,445
  • Aug 28, 2019 12:50am Aug 28, 2019 12:50am
Hi,
I really don't see anything clear to setup a trade now. How is about your chart?
  • #4,446
  • Sep 2, 2019 4:05am Sep 2, 2019 4:05am
Was there any signal for the drop earlier? I could only see it in M1
  • #4,447
  • Sep 2, 2019 2:13pm Sep 2, 2019 2:13pm
Quoting luckyvictor
Was there any signal for the drop earlier? I could only see it in M1
How about these on M5?
Attached Image (click to enlarge)
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  • #4,448
  • Sep 2, 2019 4:37pm Sep 2, 2019 4:37pm
Quoting luckyvictor
Was there any signal for the drop earlier? I could only see it in M1
Yes there was, right on time and straight to the target area.
Attached Image (click to enlarge)
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  • #4,449
  • Sep 2, 2019 4:40pm Sep 2, 2019 4:40pm
Break this current low and we are well on the way to hit the monthly target...
Attached Image (click to enlarge)
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  • #4,450
  • Sep 2, 2019 7:06pm Sep 2, 2019 7:06pm
So coolz. I totally forgot trading yesterday )
  • #4,451
  • Sep 2, 2019 11:48pm Sep 2, 2019 11:48pm
Quoting Nala66
{quote} Yes there was, right on time and straight to the target area. {image}
Thanks for pointing this out.

I didn't expect to see the RSI signal at this "low" e.g. it is not above 50. Also as tradeTime pointed out, again I didn't expect to check the RSI that " far" back in time
  • #4,452
  • Sep 3, 2019 2:34am Sep 3, 2019 2:34am
Looks like the bulls failed the ABCD and the bears are going to win through instead on this 5 min chart.
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  • #4,453
  • Sep 3, 2019 4:20am Sep 3, 2019 4:20am
Wow! I get back and find the bears also bounced at the 50% and the bulls took off like a rocket busting the long target and then closing on it.
Attached Image (click to enlarge)
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  • #4,454
  • Sep 3, 2019 2:13pm Sep 3, 2019 2:13pm
Quoting Nala66
Wow! I get back and find the bears also bounced at the 50% and the bulls took off like a rocket busting the long target and then closing on it. {image}
Hi Alan, how did you approach trading yesterday's downward move after the designated start time?

Cheers
  • #4,455
  • Sep 4, 2019 3:27am Sep 4, 2019 3:27am
Quoting k1w1
{quote} Hi Alan, how did you approach trading yesterday's downward move after the designated start time? Cheers
Hi Kiwi, I didn't short I went by the 1 hour inference to go long on the RSI (Magenta) div shown below.

Price is currently at the 50% ABCD
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  • #4,456
  • Sep 4, 2019 12:12pm Sep 4, 2019 12:12pm
Quoting Nala66
{quote} Hi Kiwi, I didn't short I went by the 1 hour inference to go long on the RSI (Magenta) div shown below. Price is currently at the 50% ABCD {image}
Brilliant, thank you Alan, and thank you for continuing to post clear and helpful charts

Cheers
  • #4,457
  • Sep 5, 2019 12:24am Sep 5, 2019 12:24am
Not at all sure about this today.

The 1 hour has so far failed to hit the D target by running into a bear div which should send it back to test the average.

So is it up or down? I will wait and se at this point in time.
Attached Image (click to enlarge)
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  • #4,458
  • Sep 5, 2019 12:30am Sep 5, 2019 12:30am
On the 5 min we see the Bull div and the hook to take it long.
  • #4,459
  • Sep 5, 2019 12:56am Sep 5, 2019 12:56am
Quoting Nala66
On the 5 min we see the Bull div and the hook to take it long.
Totally agree.
  • #4,460
  • Sep 5, 2019 1:15am Sep 5, 2019 1:15am
Quoting Nala66
On the 5 min we see the Bull div and the hook to take it long.
Did you get stopped out when the hook came back down to break-even?

Cheers
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