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Trading the Cable swings via averages

  • #4,841
  • Oct 18, 2019 8:23pm Oct 18, 2019 8:23pm
Quoting Nala66
{quote} WHY?
GBP Deal vote this noon! after hours!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,842
  • Oct 18, 2019 8:27pm Oct 18, 2019 8:27pm
This last ABCD on the 5 min is a little different.

Note that the pivot under attack is blocked on the RSI causing us to chop though it but that is a no-no. So we look to the next pivot to see if we have a line of sight but still in div and yes we do. Currently we are at the 50% level to D and we are on course for that much larger 5 min signal set days ago.

Then we can look at the other charts and see what we have there.
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  • #4,843
  • Oct 18, 2019 8:30pm Oct 18, 2019 8:30pm
The 1 hour is interesting as we also seem to be heading for an average swing high..
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  • #4,844
  • Oct 18, 2019 8:35pm Oct 18, 2019 8:35pm
Looking at the daily. My thinking is the average here is also trying for a HH (yellow circles) and this ties in nicely with an ABCD
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  • #4,845
  • Oct 18, 2019 8:38pm Oct 18, 2019 8:38pm
On the weekly we are all but at the 50% level which is also an average swing high under attack.
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  • #4,846
  • Oct 18, 2019 8:44pm Oct 18, 2019 8:44pm
Finally we get to the monthly and this is sitting smack on the EMA. We have seen the bears fail on this chart and we are looking now into a very wide open space above unless they can arrest the bulls somewhat and retest that lower D.

From this we see huge moves are a foot so don't get caught on the wrong side of a move, make use of those stops even if they are a pain.
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  • #4,847
  • Oct 18, 2019 9:15pm Oct 18, 2019 9:15pm
Quoting Macd-rsi
{quote} GBP Deal vote this noon! after hours!
So you are one of those news traders and not a realist?

I really don't see what all the fuss is about over the UK pound. We can clearly see it is the USD that is weak right across the board at this time.
  • #4,848
  • Oct 18, 2019 10:07pm Oct 18, 2019 10:07pm
Quoting Nala66
{quote} So you are one of those news traders and not a realist? I really don't see what all the fuss is about over the UK pound. We can clearly see it is the USD that is weak right across the board at this time.
no, news is only 2% of my trades. I originally trade upon this thread content: https://www.forexfactory.com/showthr...8#post12570148
very classical, 90% of time,

regarding GBP, if your charts about GBPUSD, Monday will tell you a different story.
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,849
  • Oct 19, 2019 3:34am Oct 19, 2019 3:34am
Quoting Macd-rsi
{quote} no, news is only 2% of my trades. I originally trade upon this thread content: https://www.forexfactory.com/showthr...8#post12570148 very classical, 90% of time, regarding GBP, if your charts about GBPUSD, Monday will tell you a different story.
But it is not Monday now.

Things change as signals present themselves.
  • #4,850
  • Oct 19, 2019 3:49am Oct 19, 2019 3:49am
it is vacation
today vote
no market today
but on Monday, the vote results will be reflected on chart, according to vote effect, not technical analysis
special situation
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,851
  • Oct 20, 2019 5:22am Oct 20, 2019 5:22am
look brother at weekend prices now--at this moment:
200 pips down!
we tell the reason on Friday. expected.
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,852
  • Oct 21, 2019 12:55am Oct 21, 2019 12:55am
Quoting Macd-rsi
look brother at weekend prices now--at this moment: 200 pips down! we tell the reason on Friday. expected. {image}
So we trade it down targeting 2875.
  • #4,853
  • Oct 21, 2019 1:05am Oct 21, 2019 1:05am
Looks like it hit that to the pip.

We have another signal on the 5m with the exact same target again.. If that fails it is back up to 2966
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  • #4,854
  • Oct 21, 2019 1:50am Oct 21, 2019 1:50am
Bounced off the long 50%, I hope this is not going to range

No div so it should keep going long.

Forgot to mention bulls have found support.
  • #4,855
  • Oct 21, 2019 2:01am Oct 21, 2019 2:01am
Quoting Nala66
Bounced off the long 50%, I hope this is not going to range No div so it should keep going long. Forgot to mention bulls have found support.
ABCD Created on M1
Bullish Divergence and found support


Completed while I was typing
  • #4,856
  • Oct 21, 2019 2:03am Oct 21, 2019 2:03am
5m HD at the 50%
  • #4,857
  • Oct 21, 2019 2:05am Oct 21, 2019 2:05am
Quoting 44johnw
{quote} ABCD Created on M1 Bullish Divergence and found support
I don't use the H! for signals. I look at the higher time frames then drop to the 1 for an entry.
  • #4,858
  • Oct 21, 2019 2:22am Oct 21, 2019 2:22am
Another signal on the 5 taking it back to that long 50% level.

Bears failed to break bull support.
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  • #4,859
  • Oct 21, 2019 2:24am Oct 21, 2019 2:24am
The swing high average is proving to be a bit of a resistance (2946) we need to see this busted.
  • #4,860
  • Oct 21, 2019 3:00am Oct 21, 2019 3:00am
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different candles, only bought bull support
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