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Trading the Cable swings via averages

  • #4,921
  • Oct 29, 2019 9:21am Oct 29, 2019 9:21am
And there we have three in a row from one side to the other...
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  • #4,922
  • Edited 3:00pm Oct 29, 2019 2:12pm | Edited 3:00pm
overviewed the day
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  • #4,923
  • Oct 29, 2019 3:13pm Oct 29, 2019 3:13pm
Quoting Nala66
{quote} 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.
That sums up this brilliant system in a nutshell
  • #4,924
  • Oct 29, 2019 4:00pm Oct 29, 2019 4:00pm
Quoting huskyboy
overviewed the day {image}
Nicely charted, people should take note of the simple effectiveness.
  • #4,925
  • Oct 29, 2019 4:15pm Oct 29, 2019 4:15pm
With just a couple of days to go in the month the daily average looks on track to make the HH. We are just in a holding pattern at this time allowing the average to catch up.
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  • #4,926
  • Oct 30, 2019 4:42am Oct 30, 2019 4:42am
retested that BUS on the M5 a few times now, but price looks to be trapped between ema swing and that BUS
  • #4,927
  • Oct 30, 2019 6:38am Oct 30, 2019 6:38am
H1 atm. Bearish divergences popping up all over place on the different time frames
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  • #4,928
  • Oct 30, 2019 6:34pm Oct 30, 2019 6:34pm
Quoting Dubtrader
H1 atm. Bearish divergences popping up all over place on the different time frames {image}
And that is what we look for. On the 1 hour we have the regular div and price had not made its target by a pip or two. So the bears are trying to stop the move sending price back to the EMA and indeed crossing it. But the bears could not find support so the bulls win the day taking it to the target at last.

When we get divs like this on the 1 hour a two bar test on the 5 min should get us going in the correct direction.

I didn't have the magenta signal you show because both pivots were on the same side of the EMA to be an ABCD although it was indeed a div.

By being flexible in our trading and recognising the power struggles we should be able to change direction anytime we feel fit because we don't care which direction our pips come from as long as they end up in our account.
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  • #4,929
  • Oct 31, 2019 3:35am Oct 31, 2019 3:35am
what should we expect? Carefully looking for a signal around this level
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  • #4,930
  • Oct 31, 2019 4:01am Oct 31, 2019 4:01am
Well I am done now but assume the 1 hour is heading for the 2963 or even the 2975.

Remember that monthly chart, Price is poised to make the cross.
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  • #4,931
  • Oct 31, 2019 4:13am Oct 31, 2019 4:13am
Quoting Nala66
Well I am done now but assume the 1 hour is heading for the 2963 or even the 2975. Remember that monthly chart, Price is poised to make the cross. {image} {image}
thx Alan, done already
  • #4,932
  • Oct 31, 2019 4:14am Oct 31, 2019 4:14am
Quoting huskyboy
{quote} thx Alan, done already
Yep 30 pips
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  • #4,933
  • Oct 31, 2019 4:15am Oct 31, 2019 4:15am
Currently working off the M15 Chart, I'm hedged short but price refusing to keel over despite bearish divs on nearly every timeframe.
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  • #4,934
  • Oct 31, 2019 4:15am Oct 31, 2019 4:15am
Quoting Nala66
{quote} Yep 30 pips
long entering the BUS?
Ok i see it now, thx. I was in a short like Dubtrader but closed -3
  • #4,935
  • Oct 31, 2019 4:19am Oct 31, 2019 4:19am
Quoting Dubtrader
Currently working off the M15 Chart, I'm hedged short but price refusing to keel over despite bearish divs on nearly every timeframe. {image}
Rolling a tad now
  • #4,936
  • Oct 31, 2019 4:20am Oct 31, 2019 4:20am
Quoting huskyboy
{quote} long entering the BUS? Ok i see it now, thx. I was in a short like Dubtrader but closed -3
Do you mean the one setting up now on the 5 mmin?

…..There it is...
  • #4,937
  • Oct 31, 2019 4:22am Oct 31, 2019 4:22am
Target 2956
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  • #4,938
  • Oct 31, 2019 4:31am Oct 31, 2019 4:31am
Quoting Nala66
{quote} Rolling a tad now
Yess that's 40 pips for me as well inc the hedge, I hedged too early though. Went for the hedge at the first bearish div on the M5 but price continued up. Reckon we are going higher myself, cashed out for now.
  • #4,939
  • Oct 31, 2019 4:43am Oct 31, 2019 4:43am
long from 434 and now stopped out for 10, did i do something wrong?
  • #4,940
  • Oct 31, 2019 5:00am Oct 31, 2019 5:00am
Quoting huskyboy
long from 434 and now stopped out for 10, did i do something wrong?
Your unlucky, price gone back up, typical!! I made a mistake the opposite way, I should have cashed in the long and kept the hedge short for another 7-8 pips, although my hedge was underwater for a while that's why I cashed out. Wait and see for me atm before I decide the next move. Hard to know which way it will go with all the bearish divs around.
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