Trading the Cable swings via averages | Page 242 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #4,821
  • Oct 17, 2019 9:20am Oct 17, 2019 9:20am
Second target on the M5
  • #4,822
  • Oct 17, 2019 9:20am Oct 17, 2019 9:20am
And the chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM51.png Size: 53 KB
  • #4,823
  • Oct 17, 2019 9:31am Oct 17, 2019 9:31am
Might have picked the wrong pivot for A
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM52.png Size: 54 KB
  • #4,824
  • Oct 17, 2019 12:39pm Oct 17, 2019 12:39pm
Я очень редко торгую .много работы вдали от Интернета . Мне очень нравится ваша система .еще одна картинка подтверждает вашу идею !)))) Браво. ( здесь мы можем видеть пробой уровней, повторное тестирование или коррекцию , графические фигуры, но дивергенция rsi как сигнала просто волшебна )))))
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 79 KB
  • #4,825
  • Oct 17, 2019 6:36pm Oct 17, 2019 6:36pm
Well that run down to the 50% was OK following the bear support but when I checked in this morning I see we are still in the range on the 5 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #4,826
  • Oct 18, 2019 2:15am Oct 18, 2019 2:15am
Hi Alan

Would you mind commenting on the entries in the attached chart - whether I have drawn the ABCDs correctly, and whether my rationale for entry was OK.

At point 1, price had reached the most recent (smaller) ABCD target and was in divergence, so long with a target at point 2
At point 2, price was at the ABCD target and was in divergence again - short back to EMA
At point 3, I was presented with another target, and whilst there was divergence on M1 at the time, I was reluctant to get on that trade without some other factors from higher time frame (maybe there was but I missed them)

Many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
  • #4,827
  • Oct 18, 2019 3:03am Oct 18, 2019 3:03am
Quoting bridgstarr
Hi Alan Would you mind commenting on the entries in the attached chart - whether I have drawn the ABCDs correctly, and whether my rationale for entry was OK. At point 1, price had reached the most recent (smaller) ABCD target and was in divergence, so long with a target at point 2 At point 2, price was at the ABCD target and was in divergence again - short back to EMA At point 3, I was presented with another target, and whilst there was divergence on M1 at the time, I was reluctant to get on that trade without some other factors from higher time...
The three triangles you have on the 5 min are drawn incorrectly... Should be like this below.
The reason it did not make the lower D target was where you have (1) it ran into divergence and then made the opposite side.
Notice how the div caused the return and cross of the EMA where upon the bulls found support.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB
  • #4,828
  • Oct 18, 2019 3:06am Oct 18, 2019 3:06am
Drawn like you have them are not wrong, they are still divs but not of the ABCD type.

We need to see A and C on opposite sides of the EMA. Or B and C for that matter.
  • #4,829
  • Oct 18, 2019 3:24am Oct 18, 2019 3:24am
Quoting Nala66
Drawn like you have them are not wrong, they are still divs but not of the ABCD type. We need to see A and C on opposite sides of the EMA. Or B and C for that matter.
Many thanks Alan, I appreciate the response
  • #4,830
  • Oct 18, 2019 3:30am Oct 18, 2019 3:30am
Look at this 1 hour, nearly there....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #4,831
  • Oct 18, 2019 3:40am Oct 18, 2019 3:40am
Quoting Nala66
Look at this 1 hour, nearly there.... {image}
I just saw that a few minutes ago! I need to get my eye in. Would have made trading decisions a lot easier
  • #4,832
  • Oct 18, 2019 3:41am Oct 18, 2019 3:41am
Howsat!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #4,833
  • Oct 18, 2019 4:11am Oct 18, 2019 4:11am
Still waiting for price to break out of yesterdays 5min range
  • #4,834
  • Oct 18, 2019 4:15am Oct 18, 2019 4:15am
New 5 min signal formed...……...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #4,835
  • Oct 18, 2019 4:25am Oct 18, 2019 4:25am
Here's the take on the 1 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #4,836
  • Oct 18, 2019 4:25am Oct 18, 2019 4:25am
Now can the bulls find support?
  • #4,837
  • Oct 18, 2019 4:59am Oct 18, 2019 4:59am
Got chopped up this morning. 2 small win scalps, then got stopped out twice. Missed the move up even though had it charted on the H1. Waited until it hit the target on the hourly, went short. Nice win. Currently short because of bearish div on M15 chart.
  • #4,838
  • Oct 18, 2019 8:01am Oct 18, 2019 8:01am
ABCD on the M15. Although the hourly ABCD is playing out nicely for targets at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 55 KB
  • #4,839
  • Oct 18, 2019 11:37am Oct 18, 2019 11:37am
Now a weekend!
noses reached jaws!
expect a swing
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,840
  • Oct 18, 2019 8:20pm Oct 18, 2019 8:20pm
Quoting Macd-rsi
Now a weekend! noses reached jaws! expect a swing
WHY?
5 traders viewing now