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Trading the Cable swings via averages

  • #4,701
  • Oct 2, 2019 3:17am Oct 2, 2019 3:17am
And so after a bit of a tussle the bears made the 4 hour average LL. Looks like quite a performance for that big green bar but to no avail as the bulls ran into divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #4,702
  • Oct 2, 2019 4:33am Oct 2, 2019 4:33am
AB=CD target from Yesterday played out this morning on the H1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 53 KB
  • #4,703
  • Oct 2, 2019 4:37am Oct 2, 2019 4:37am
Another here, Small target though.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 55 KB
  • #4,704
  • Oct 2, 2019 6:00am Oct 2, 2019 6:00am
What I see. M5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 48 KB
  • #4,705
  • Oct 2, 2019 7:15am Oct 2, 2019 7:15am
Quoting Dubtrader
AB=CD target from Yesterday played out this morning on the H1 {image}

This chart of your 1 hour was drawn incorrectly.


I have drawn it for you below.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #4,706
  • Oct 2, 2019 7:19am Oct 2, 2019 7:19am
Quoting Dubtrader
What I see. M5 {image}
This drawing is completely wrong. You do not have a pivot at A?
  • #4,707
  • Oct 2, 2019 7:20am Oct 2, 2019 7:20am
Quoting Nala66
{quote} This chart of your 1 hour was drawn incorrectly. I have drawn it for you below. {image}
Alan thanks a mil, got it now
  • #4,708
  • Oct 2, 2019 7:27am Oct 2, 2019 7:27am
The 5 min chart should look like this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #4,709
  • Oct 2, 2019 7:27am Oct 2, 2019 7:27am
Quoting Nala66
{quote} This drawing is completely wrong. You do not have a pivot at A?
Ouch, back to the drawing board for me. More study required. Sorry everyone for spamming the board. Alan thanks for the feedback, much appreciated
  • #4,710
  • Oct 2, 2019 7:30am Oct 2, 2019 7:30am
Quoting Dubtrader
{quote} Alan thanks a mil, got it now
No worries just remember that plus or minus element.

For example it may be that the retrace fails just short of the 50% but we always measure the CD from the 50% so there is often a little bit to add or subtract from the target.
  • #4,711
  • Oct 2, 2019 7:33am Oct 2, 2019 7:33am
Quoting Dubtrader
{quote} Ouch, back to the drawing board for me. More study required. Sorry everyone for spamming the board. Alan thanks for the feedback, much appreciated
Don't apologise at all. It is good to see you are making the effort rightly or wrongly.

I can't fix what I can't see!!!!!!
  • #4,712
  • Oct 2, 2019 7:37am Oct 2, 2019 7:37am
Quoting Nala66
The 5 min chart should look like this... {image}
Ok just a regular Div no ABCD. So A and B have to be a pivot, C does not have to be a pivot. But A must be the opposite side of the EMA to B.
Thanks again Alan. I will keep trying
  • #4,713
  • Oct 2, 2019 7:52am Oct 2, 2019 7:52am
Quoting Dubtrader
{quote} Ok just a regular Div no ABCD. So A and B have to be a pivot, C does not have to be a pivot. But A must be the opposite side of the EMA to B. Thanks again Alan. I will keep trying
Kerrect
  • #4,714
  • Oct 2, 2019 8:02am Oct 2, 2019 8:02am
Quoting Nala66
{quote} Kerrect
Excellent. I should probably upgrade the financial warning on my charts. They can lead to FINANCIAL RUIN if taken seriously. lol

Thanks for your time Alan, will try harder
  • #4,715
  • Oct 2, 2019 8:08am Oct 2, 2019 8:08am
Quoting Nala66
{quote} This chart of your 1 hour was drawn incorrectly. I have drawn it for you below. {image}
Thx Alan but just one question, i can see that the A and B are drawn at its high and low of its bar, and C at the close off the bar? Not a rule about that, i thought we only looked at the closes of the bars?
  • #4,716
  • Oct 2, 2019 8:15am Oct 2, 2019 8:15am
today's inference bars H1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 0210 1505.png Size: 27 KB
  • #4,717
  • Oct 2, 2019 8:25am Oct 2, 2019 8:25am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 0210 1517.png Size: 35 KB

and how it could be played on the M5
  • #4,718
  • Oct 2, 2019 9:44am Oct 2, 2019 9:44am
Quoting huskyboy
{quote}Thx Alan but just one question, i can see that the A and B are drawn at its high and low of its bar, and C at the close off the bar? Not a rule about that, i thought we only looked at the closes of the bars?
You are confusing AB =CD's and ABCD's
  • #4,719
  • Oct 2, 2019 9:46am Oct 2, 2019 9:46am
Quoting huskyboy
today's inference bars H1 {image}
Kerrect you would look to go long on the 5 min chart.
  • #4,720
  • Oct 2, 2019 9:59am Oct 2, 2019 9:59am
Here on the 5 min we have an example of an AB = CD where the minus was touched.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
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