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Trading the Cable swings via averages

  • #4,581
  • Sep 16, 2019 2:42am Sep 16, 2019 2:42am
I was stopped out for ten pips. No chance to get second trade on.

Start all over again
  • #4,582
  • Sep 16, 2019 2:46am Sep 16, 2019 2:46am
So a quick comment while waiting.

I moved my stop up tighter when I saw on the 5 min that price was not making it higher than the average swing high (bull resistance)
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  • #4,583
  • Sep 16, 2019 2:51am Sep 16, 2019 2:51am
Quoting Nala66
So a quick comment while waiting. I moved my stop up tighter when I saw on the 5 min that price was not making it higher than the average swing high (bull resistance)
Can you please post a chart on this?
  • #4,584
  • Sep 16, 2019 3:04am Sep 16, 2019 3:04am
m5 and m15 the bulls have resistance but h1 seems the opposite
  • #4,585
  • Sep 16, 2019 3:22am Sep 16, 2019 3:22am
Info seems to be coming from the 15min chart.

Daily pivot about to be hit now
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  • #4,586
  • Sep 16, 2019 3:30am Sep 16, 2019 3:30am
m5 seems to want to bring ema below 2442
  • #4,587
  • Sep 16, 2019 3:33am Sep 16, 2019 3:33am
Quoting javipenjamo
m5 seems to want to bring ema below 2442
Or this could be the resistance level to go long??????
  • #4,588
  • Sep 16, 2019 3:35am Sep 16, 2019 3:35am
[quote = Nala66; 12504884] {quote} ¿O este podría ser el nivel de resistencia que durará mucho? ?????? [/ quote]
It could also be, but tracing AB = CD h1 if it could break that level
  • #4,589
  • Sep 16, 2019 4:00am Sep 16, 2019 4:00am
Quoting javipenjamo
[quote = Nala66; 12504884] {quote} ¿O este podría ser el nivel de resistencia que durará mucho? ?????? [/ quote] It could also be, but tracing AB = CD h1 if it could break that level
You need to show your charts. It is difficult to trade and work out what people are saying. Pictures speak a thousand words...
  • #4,590
  • Sep 16, 2019 4:13am Sep 16, 2019 4:13am
Quoting Nala66
{quote} You need to show your charts. It is difficult to trade and work out what people are saying. Pictures speak a thousand words...
missing a setback that confirmed bear support
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  • #4,591
  • Sep 16, 2019 4:21am Sep 16, 2019 4:21am
Quoting javipenjamo
{quote} missing a setback that confirmed bear support {image}
It could be like your scenario unless H1 finds bear support
  • #4,592
  • Sep 16, 2019 4:51am Sep 16, 2019 4:51am
it would be interesting an impulse of the bulls above the ema to see the strength of the bears at this level
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  • #4,593
  • Sep 17, 2019 1:23am Sep 17, 2019 1:23am
Quoting javipenjamo
{quote} missing a setback that confirmed bear support {image}
Thanks for supplying your chart I can see what you are doing now.

First off, try to follow the convention of A being the Apex or top, B is the base or bottom, C is the contested level and last D is the destination or target.

Next you are trying to make the pullbacks fit your AB lines but your AB lines are not following with the convention of swing high/low of the EMA.

We don't draw lines just to make them look pretty they have to have a basis for drawing them.

Below I have two examples for you, one long and one short.
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  • #4,594
  • Sep 17, 2019 1:41am Sep 17, 2019 1:41am
[quote = Nala66; 12506973] {quote} Gracias por proporcionar su gráfico, puedo ver lo que está haciendo ahora. En primer lugar, intente seguir la convención de que A sea el Apex o la parte superior, B es la base o la parte inferior, C es el nivel disputado y la última D es el destino o el objetivo. A continuación, está tratando de hacer que los retrocesos se ajusten a sus líneas AB, pero sus líneas AB no siguen la convención de oscilación alta / baja de la EMA. No dibujamos líneas solo para que se vean bonitas, tienen que tener una base para dibujarlas. A continuación tengo dos ejemplos para usted, uno largo y otro corto. {imagen} [/ cita]
high low oscillation. and those are the levels that come to me
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  • #4,595
  • Sep 17, 2019 5:46am Sep 17, 2019 5:46am
Very quiet today, even the scalps take forever. Think I will find something better to do.
  • #4,596
  • Sep 17, 2019 5:54am Sep 17, 2019 5:54am
[quote = Nala66; 12507520] Muy tranquilo hoy, incluso el cuero cabelludo tarda una eternidad. Creo que encontraré algo mejor que hacer. [/ Quote]
I take the opportunity to fish, I have the swamp in front of my house, an eye to the computer another to the fishing rod
  • #4,597
  • Sep 17, 2019 6:16pm Sep 17, 2019 6:16pm
Quoting javipenjamo
[quote = Nala66; 12507520] Muy tranquilo hoy, incluso el cuero cabelludo tarda una eternidad. Creo que encontraré algo mejor que hacer. [/ Quote] I take the opportunity to fish, I have the swamp in front of my house, an eye to the computer another to the fishing rod
Very nice, sounds like the ideal situation
  • #4,598
  • Sep 17, 2019 6:45pm Sep 17, 2019 6:45pm
Well the bulls certainly gave the bears a smack in the mouth while I was asleep.

Let's observe what we see here on the hour chart.

We were looking at two things initially 1) A 50% or more retracement of the swing low to high, and 2) An AB =CD to help it on its way.

This move dragged on forever but eventually it did make the 50% retracement but failed the AB = CD.

To me what is important is the position of the average while all this was going on. It was a very weak decent. When the bulls arrested it they were easily capable of taking out the higher swings instead. So from the observation of weakness we see how this is attacked with fury.

Weakness tends to hog the line, strength tends to put some distance between price and EMA. See how high price climbs to break the swing average level at a. They climbed to c so we would expect the average to also take out b.

I suppose a good warning is appropriate here for traders not to marry trades, when things go wrong they go wrong big time..
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  • #4,599
  • Sep 18, 2019 1:21am Sep 18, 2019 1:21am
Since traders still ask to explain Hidden Divergence, I made a PDF to explain the concept. I guess it will be of help.

Attached File(s)
File Type: pdf Alan's Hidden RSI Divergence.pdf   108 KB | 639 downloads
Trading S/R with PA only. No indicators anymore!
  • #4,600
  • Sep 18, 2019 2:06am Sep 18, 2019 2:06am
Quoting Jazz1964
Since traders still ask to explain Hidden Divergence, I made a PDF to explain the concept. I guess it will be of help. {image}
Yesterday was a HD start but things turned north in a hurry/

What do we see now guys.

I see the bears trying to stop the 1 hour EMA so we have a fight on our hands so just sit on em.
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