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Trading the Cable swings via averages

  • #4,461
  • Sep 5, 2019 3:17am Sep 5, 2019 3:17am
The 4H chart is of interest also
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  • #4,462
  • Sep 5, 2019 3:18am Sep 5, 2019 3:18am
Quoting k1w1
{quote} Did you get stopped out when the hook came back down to break-even? Cheers
I wasn't in the trade until after the hook
  • #4,463
  • Sep 5, 2019 3:21am Sep 5, 2019 3:21am
3 more pips for me to go......
  • #4,464
  • Sep 5, 2019 3:22am Sep 5, 2019 3:22am
That's it, done and dusted.
  • #4,465
  • Sep 5, 2019 3:26am Sep 5, 2019 3:26am
Hi Nala, I've been lurking in the shadows, trying to get to grips with this system for the last couple of weeks. It's beginning to sink in now. Just wanted to say thanks for spending your time sharing this.
  • #4,466
  • Sep 5, 2019 3:27am Sep 5, 2019 3:27am
Quoting Nala66
{quote} I wasn't in the trade until after the hook
Hi Alan, for my own learning, can I ask please why you didn't enter on the 5 min bull div?

Cheers
  • #4,467
  • Sep 5, 2019 3:28am Sep 5, 2019 3:28am
Fairly quick today hey!
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  • #4,468
  • Sep 5, 2019 3:30am Sep 5, 2019 3:30am
Quoting k1w1
{quote} Hi Alan, for my own learning, can I ask please why you didn't enter on the 5 min bull div? Cheers
I should have done but I was too late.
  • #4,469
  • Sep 5, 2019 3:54am Sep 5, 2019 3:54am
Quoting Nala66
{quote} I should have done but I was too late.
Fair enough! I suppose the next logical signal to enter was the bull support above the 26 EMA?

Edit: Actually, I believe there was hidden divergence created by the hook!

Cheers
  • #4,470
  • Sep 5, 2019 4:07am Sep 5, 2019 4:07am
So I believe there were three opportunities to get into this bull move.

In order:

1) Regular div (green)
2) Hidden div (purple)
3) Bull support (arrow)

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  • #4,471
  • Sep 5, 2019 4:28am Sep 5, 2019 4:28am
Quoting k1w1
So I believe there were three opportunities to get into this bull move. In order: 1) Regular div (green) 2) Hidden div (purple) 3) Bull support (arrow) {image}
Absolutely correct
  • #4,472
  • Sep 5, 2019 5:05am Sep 5, 2019 5:05am
Quoting k1w1
So I believe there were three opportunities to get into this bull move. In order: 1) Regular div (green) 2) Hidden div (purple) 3) Bull support (arrow) {image}
Yes it was a HD
  • #4,473
  • Sep 6, 2019 2:46am Sep 6, 2019 2:46am
Look at the size of that ABCD if the bears cross that 1 hour EMA
  • #4,474
  • Sep 6, 2019 3:02am Sep 6, 2019 3:02am
It appears to me that the 4 hour is holding for the EMA to make the HH
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  • #4,475
  • Sep 6, 2019 4:46am Sep 6, 2019 4:46am
Quoting Nala66
Look at the size of that ABCD if the bears cross that 1 hour EMA
Alan, is this correct?

Cheers

Edit: Whoops! Wrong pivot. I've re-uploaded the chart.

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  • #4,476
  • Sep 6, 2019 8:18am Sep 6, 2019 8:18am
Quoting k1w1
{quote} Alan, is this correct? Cheers Edit: Whoops! Wrong pivot. I've re-uploaded the chart. {image}
Yep but A may be the prior pivot because it was higher on the RSI. They are very close though.
  • #4,477
  • Sep 6, 2019 8:24am Sep 6, 2019 8:24am
The 4 hour is now making the HH average but look how far away the next level is.
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  • #4,478
  • Sep 6, 2019 8:33am Sep 6, 2019 8:33am
Quoting k1w1
{quote} Alan, is this correct? Cheers Edit: Whoops! Wrong pivot. I've re-uploaded the chart. {image}
So James my 1hour chart looks like this to give a tiny target range
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  • #4,479
  • Sep 6, 2019 5:07pm Sep 6, 2019 5:07pm
Quoting Nala66
{quote} So James my 1hour chart looks like this to give a tiny target range {image}
Excellent, thank you
  • #4,480
  • Sep 6, 2019 8:15pm Sep 6, 2019 8:15pm
The 4 hour held position until the EMA made the HH as expected but price failed to make the next level 2471 we would have expected for it to drag the EMA to that HH. There is also that RSI divergence to worry about taking price back to the EMA. So the battle is on for the bears to make the EMA and the bulls to keep the EMA rising as high as possible. Not much help for we mere mortals to make any form of prediction just yet with the latest target having already been reached we await a new one.
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