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Trading the Cable swings via averages

  • #4,901
  • Oct 24, 2019 12:24pm Oct 24, 2019 12:24pm
Quoting cylon
Hi Alan. Thank you for your posts. Have I drawn correctly this ABC triangle signal found on the 5 minute chart. Thanks {image}
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if you would ask me, no. A and B wrong side, A is not in divergence with C, see post 4894. I only got these on the M5 today
  • #4,902
  • Oct 24, 2019 10:15pm Oct 24, 2019 10:15pm
Quoting huskyboy
{quote} {image} if you would ask me, no. A and B wrong side, A is not in divergence with C, see post 4894. I only got these on the M5 today
You have the price chart drawn correctly but the RSI line you have is incorrect. It should be to the same point as the price, i.e. that first close across the 50% RSI level.
  • #4,903
  • Oct 24, 2019 11:10pm Oct 24, 2019 11:10pm
My 5 min chart
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  • #4,904
  • Oct 25, 2019 4:04am Oct 25, 2019 4:04am
Attached Image (click to enlarge)
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been selling all morning, didn't hedge, first 2 stopped out, for me always tricky where to place the sl, then sold the bear support and the hook, target off the fourth short didn't close at my tp. Reason for entering the bear div H1, the HD and bear div M5 at ZOO level
  • #4,905
  • Oct 25, 2019 5:19am Oct 25, 2019 5:19am
Quoting huskyboy
{image} been selling all morning, didn't hedge, first 2 stopped out, for me always tricky where to place the sl, then sold the bear support and the hook, target off the fourth short didn't close at my tp. Reason for entering the bear div H1, the HD and bear div M5 at ZOO level
Pretty similar for me, 2 trades stopped out for starters. Quickly recovered, Alan's HD's made it pretty easy after that. Just scalping up and down now.
  • #4,906
  • Oct 25, 2019 6:43am Oct 25, 2019 6:43am
Still working off the H4 for targets, worked out beautiful yesterday. Still no ABCD on the hourly chart. An ABCD on the M5 and the M30 have already played out.
Attached Image (click to enlarge)
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  • #4,907
  • Oct 27, 2019 1:28am Oct 27, 2019 1:28am
Quoting Nala66
Look at all the divs on the 4 hour failing to do anything. This tells us the price is heading somewhere {image}
It hit the extreme of the +/- box of the AB=CD. The completion of the AB=CD was only 10 pips from the top when it started to reverse on a 4h chart and a 620 odd pip move up. Un Freakin Real

Cheers John
  • #4,908
  • Oct 27, 2019 6:24pm Oct 27, 2019 6:24pm
Guys just a heads up here for those outside Europe. Daylight saving time ended this weekend 27 October, clocks went back 1 Hour. You need to move bar 108 to compensate.

Cheers guys. Green pips all for the week ahead.
  • #4,909
  • Oct 28, 2019 6:45am Oct 28, 2019 6:45am
Quoting Dubtrader
Guys just a heads up here for those outside Europe. Daylight saving time ended this weekend 27 October, clocks went back 1 Hour. You need to move bar 108 to compensate. Cheers guys. Green pips all for the week ahead.
I don't move it at all throughout the year. This is just the time I find the market begins to get busy.
  • #4,910
  • Edited Oct 29, 2019 3:54am Oct 28, 2019 7:44pm | Edited Oct 29, 2019 3:54am
This is how my 1 hour chart looks now.

Notice how three triangles back we have hit both D points in both directions. This is common enough since we are dealing with swings in sentiment.
This then happened again two triangles back just to show how common this is.

Currently we are holding between the two 50% levels.
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  • #4,911
  • Oct 29, 2019 4:07am Oct 29, 2019 4:07am
Quoting Nala66
This is how my 1 hour chart looks now. Notice how three triangles back we have hit both D points in both directions. This is common enough since we are dealing with swings in sentiment. This then happened again two triangles back just to show how common this is. Currently we are holding between the two 50% levels. {image}
Thx for the chart Alan, so informative, pls keep them posting, took some time but we reached the 50% level, now lets see if it goes lower to that swing ema or even the D level.
  • #4,912
  • Oct 29, 2019 4:12am Oct 29, 2019 4:12am
Quoting huskyboy
{quote} Thx for the chart Alan, so informative, pls keep them posting, took some time but we reached the 50% level, now lets see if it goes lower to that swing ema or even the D level.
well that was fast
  • #4,913
  • Oct 29, 2019 4:12am Oct 29, 2019 4:12am
Bingo...Howsat!
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  • #4,914
  • Oct 29, 2019 4:20am Oct 29, 2019 4:20am
Quoting Nala66
Bingo...Howsat! {image}
While everyone is wondering over on the GU thread where the bottom of the move will be, how about knowing in advance!!

Have I said how much I love this system, I think I have.

Very easy this morning, even took a little hedge for 5 pips.

Thankyou Alan
  • #4,915
  • Oct 29, 2019 4:26am Oct 29, 2019 4:26am
Quoting Dubtrader
{quote} While everyone is wondering over on the GU thread where the bottom of the move will be, how about knowing in advance!! Have I said how much I love this system, I think I have. Very easy this morning, even took a little hedge for 5 pips. Thankyou Alan
Thanks. It is just plain commonsense.

Are we trading above or below the 1 hour EMA? BELOW
Do we have a target based on the swing of sentiment? YES
So looking at the 5 min chart we should be SHORTING anything we think is overbought or bearish with divs or even bouncing the EMA..Whatever.
  • #4,916
  • Oct 29, 2019 6:02am Oct 29, 2019 6:02am
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i wasn't trading anymore but surely someone caught this beatifull HD, started from a H1 swing and up to its H1 ema and even higher, surely paid off.
  • #4,917
  • Oct 29, 2019 6:06am Oct 29, 2019 6:06am
Quoting huskyboy
{image} i wasn't trading anymore but surely someone caught this beatifull HD, started from a H1 swing and up to its H1 ema and even higher, surely paid off.
and went up to its D-level, started with a HD, made bull support and went to D-level
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  • #4,918
  • Oct 29, 2019 6:10am Oct 29, 2019 6:10am
Quoting huskyboy
{quote} and went up to its D-level, started with a HD, made bull support wand went to D-level {image}
Cool uh, I was done by this time too. Nice of you to pick this up.

For others...

All the elements are there beginning with the HD returning price to the EMA.
The cross of the EMA and finding of bull support.
The ABCD target long..
And ultimately hitting the D long target of about 60 pips.
  • #4,919
  • Oct 29, 2019 6:15am Oct 29, 2019 6:15am
Quoting Nala66
{quote} Cool uh, I was done by this time too. Nice of you to pick this up.
Thank you Alan for the great system
  • #4,920
  • Oct 29, 2019 7:23am Oct 29, 2019 7:23am
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another one
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