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Trading the Cable swings via averages

  • #4,861
  • Edited 3:31am Oct 21, 2019 3:20am | Edited 3:31am
Romped it in. Now the 1 hour looks like testing the 30146 average swing high
  • #4,862
  • Oct 21, 2019 3:31am Oct 21, 2019 3:31am
Quoting Nala66
{quote} I don't use the H! for signals. I look at the higher time frames then drop to the 1 for an entry.
Dropped down when M5 hit the 50% and started to retrace just to see if any signal to continue retrace or start heading back up

Cheers John
  • #4,863
  • Oct 21, 2019 3:38am Oct 21, 2019 3:38am
1H chart does not look good for the bulls. HD may halt the progress.
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  • #4,864
  • Oct 21, 2019 3:51am Oct 21, 2019 3:51am
sorry to ask Alan and i am probably completely wrong but on that last ABCD i can get no connection on my RSI to draw that pivot B like you do.
  • #4,865
  • Oct 21, 2019 4:08am Oct 21, 2019 4:08am
Quoting huskyboy
sorry to ask Alan and i am probably completely wrong but on that last ABCD i can get no connection on my RSI to draw that pivot B like you do.
Definitely there …...

Some of these signals are as tight as a ducks bum so we have to watch carefully.
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  • #4,866
  • Oct 21, 2019 5:11am Oct 21, 2019 5:11am
Possible big signal (over 80 pips) forming on the 5M
  • #4,867
  • Oct 21, 2019 6:08am Oct 21, 2019 6:08am
Quoting Nala66
Possible big signal (over 80 pips) forming on the 5M
There she goes, thank you Alan
  • #4,868
  • Oct 21, 2019 6:11am Oct 21, 2019 6:11am
Quoting Nala66
Possible big signal (over 80 pips) forming on the 5M
got it, thx
  • #4,869
  • Oct 21, 2019 6:38am Oct 21, 2019 6:38am
No the big signal did not happen it became a 17 pip signal instead
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  • #4,870
  • Oct 21, 2019 6:45am Oct 21, 2019 6:45am
Quoting Nala66
No the big signal did not happen it became a 17 pip signal instead {image}
agree, confusing there, indeed the very low at 29233 wasn't under attack, looks like its now going to the ema swing
  • #4,871
  • Oct 21, 2019 6:53am Oct 21, 2019 6:53am
Quoting huskyboy
{quote} agree, confusing there, indeed the very low at 29233 wasn't under attack, looks like its now going to the ema swing
Yep the 1 hour EMA swing that is.

We see the bearish div did not go to the EMA so we expect a HH
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  • #4,872
  • Oct 21, 2019 6:57am Oct 21, 2019 6:57am
Look at all the divs on the 4 hour failing to do anything. This tells us the price is heading somewhere
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  • #4,873
  • Oct 21, 2019 7:00am Oct 21, 2019 7:00am
On the weekly we have reached the 50%
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  • #4,874
  • Oct 21, 2019 7:18am Oct 21, 2019 7:18am
Quoting Nala66
No the big signal did not happen it became a 17 pip signal instead {image}
Alan, I too have the doubt, same as Huskyboy. As 29233 is not the pivot under attack, how can we expect it become a ABCD like you drew in the picture?
  • #4,875
  • Oct 21, 2019 7:25am Oct 21, 2019 7:25am
Quoting KevinOwens
{quote} Alan, I too have the doubt, same as Huskyboy. As 29233 is not the pivot under attack, how can we expect it become a ABCD like you drew in the picture?
no my doubt was about the H1 ABCD, not about the M5
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  • #4,876
  • Oct 21, 2019 7:57am Oct 21, 2019 7:57am
Quoting huskyboy
{quote} no my doubt was about the H1 ABCD, not about the M5{image}
Oh, ok. But still I am confused about the ABCD in Alan's picture, where the pivot under attack is far away.
  • #4,877
  • Oct 21, 2019 8:17am Oct 21, 2019 8:17am
Quoting KevinOwens
{quote} Oh, ok. But still I am confused about the ABCD in Alan's picture, where the pivot under attack is far away.
Kevin hope this helps, C was not attacking the 1,29230 but was attacking the 1,29738 (B) so that gave the ABCD confirmed with the RSI
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  • #4,878
  • Oct 21, 2019 9:49am Oct 21, 2019 9:49am
Quoting huskyboy
{quote} Kevin hope this helps, C was not attacking the 1,29230 but was attacking the 1,29738 (B) so that gave the ABCD confirmed with the RSI{image}
Ok, thanks for clarifying it for me. I still am confused about one thing. What's the role of 1.29230 here?
  • #4,879
  • Oct 21, 2019 10:38am Oct 21, 2019 10:38am
Quoting KevinOwens
{quote} Ok, thanks for clarifying it for me. I still am confused about one thing. What's the role of 1.29230 here?
In still learning myself but I believe it was that the bears could not get enough energy to break through. And the ema was used ss almost a support line for the bulls.
  • #4,880
  • Oct 21, 2019 11:32am Oct 21, 2019 11:32am
Quoting KevinOwens
{quote} Ok, thanks for clarifying it for me. I still am confused about one thing. What's the role of 1.29230 here?
suppose the C closed at 29700, which price pivot low would it be attacking?
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