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Trading the Cable swings via averages

  • #5,621
  • Feb 11, 2020 3:58am Feb 11, 2020 3:58am
So what do we have here... Looking at this 5 min chart

A was the div..
B was the hook
C was the support
If X is going to cross the EMA swing then price is going to Y
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  • #5,622
  • Feb 11, 2020 9:05am Feb 11, 2020 9:05am
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Same old same old... Let me know if anything ever changes! And as Jazz pointed out the other day it hits in divergence
  • #5,623
  • Feb 11, 2020 9:41am Feb 11, 2020 9:41am
You were right about that. Thank you
  • #5,624
  • Feb 12, 2020 9:49am Feb 12, 2020 9:49am
Back after a year of not studying your thread Nala. Is redemption possible???

Saw standard divergence on M5, and RSI divergence on M15.

Does this fit criteria?

Thanks,
Darryl
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  • #5,625
  • Edited 1:14pm Feb 12, 2020 1:03pm | Edited 1:14pm
Attached Image (click to enlarge)
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your bull divergence hitted a ZOO in HD on the M5 and bull div on the H1 and M5, made an ABCD on the M5 and got the D
  • #5,626
  • Feb 12, 2020 2:12pm Feb 12, 2020 2:12pm
Quoting huskyboy
{image} your bull divergence hitted a ZOO in HD on the M5 and bull div on the H1 and M5, made an ABCD on the M5 and got the D
+++++++++++++++++++++++++++
Nice. Thanks
  • #5,627
  • Feb 12, 2020 2:41pm Feb 12, 2020 2:41pm
Quoting huskyboy
{image} your bull divergence hitted a ZOO in HD on the M5 and bull div on the H1 and M5, made an ABCD on the M5 and got the D
Husky,, how do you write the ABCD projections like that on the chart?
  • #5,628
  • Feb 13, 2020 1:13am Feb 13, 2020 1:13am
Quoting hocius
{quote} Husky,, how do you write the ABCD projections like that on the chart?
Hocius I use trend lines on MT4 to draw the projections. To adjust the length of the trendline, select the trendline after drawing it, right click on it and go to trendline properties. Go to parameters and uncheck the "RAY" box. I hope that answers you.
  • #5,629
  • Feb 13, 2020 2:31am Feb 13, 2020 2:31am
Hocius drawn like this...
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  • #5,630
  • Feb 13, 2020 3:30am Feb 13, 2020 3:30am
completely wrong this morning, went short at rejection EMA H1, bear support H1, EMA M5 swing and 50% from ABCD M5 (so that was my ZOO to enter a short) while the M5 made a bear div and i believe H1 was also making one. I had my stop a few pips above that EMA H1 swing at 29617 and stopped out. Why????
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  • #5,631
  • Edited 3:49am Feb 13, 2020 3:33am | Edited 3:49am
Quoting hocius
{quote} Husky,, how do you write the ABCD projections like that on the chart?
once i see a continuation divergence and A and C are at the opposite side of the EMA 26 i draw my ABCD with the MT4 triangle tool. I use the fib tool to project the D levels.
  • #5,632
  • Feb 13, 2020 5:09am Feb 13, 2020 5:09am
Quoting huskyboy
{quote} once i see a continuation divergence and A and C are at the opposite side of the EMA 26 i draw my ABCD with the MT4 triangle tool. I use the fib tool to project the D levels.
I check the options for the most favourable and go with it after testing for entries.

Here we see option A was the better deal...
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  • #5,633
  • Feb 13, 2020 5:17am Feb 13, 2020 5:17am
Quoting Nala66
{quote} I check the options for the most favourable and go with it after testing for entries. Here we see option A was the better deal... {image}
yes you told me we can choose, need to remind that. Thx Alan
  • #5,634
  • Feb 13, 2020 5:27am Feb 13, 2020 5:27am
Hi Folks.
Hope this helps. not 100% confident but think its about there
Cheers...Des
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  • #5,635
  • Feb 13, 2020 6:32am Feb 13, 2020 6:32am
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  • #5,636
  • Feb 13, 2020 8:13am Feb 13, 2020 8:13am
Hi Alan thank you for your excellent trading system, I have been following the thread from your very first post, its certainly helped me to increase my account funds.
So I have been waiting this week for a nice big payday move, today could have been it. but all in all i ended up with a small loss and the disappointment of missing the move up, I see bull divergence on the one hour, then entered on the 5 min chart bull divergence,and bull support. it seemed a lot of work for me today with no result ha ha.


Did i do things right? how can i improve.
Thank you.
Steve
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  • #5,637
  • Feb 13, 2020 8:15am Feb 13, 2020 8:15am
Quoting Nala66
Hocius drawn like this... {image}
Actually I mean like this. I know how to draw them manually, but this looks like a coded indicator.
Attached Image
  • #5,638
  • Feb 13, 2020 8:55am Feb 13, 2020 8:55am
Quoting logic38
Hi Alan thank you for your excellent trading system, I have been following the thread from your very first post, its certainly helped me to increase my account funds. So I have been waiting this week for a nice big payday move, today could have been it. but all in all i ended up with a small loss and the disappointment of missing the move up, I see bull divergence on the one hour, then entered on the 5 min chart bull divergence,and bull support. it seemed a lot of work for me today with no result ha ha. Did i do things right? how can i improve....
Boy oh boy you have a busy time.

I look at the 1 hour chart and ask myself where price appears to be heading, i.e. which swing level. For this I had the 3033 pegged from yesterday.

Then I look for the setup which can set the ball in motion, either a div, ABCD or AB =CD or whatever.

Look how it hit the D target in an RSI div but the bears failed to make the EMA crossing let alone finding support below it. So price is going to make the HH than the div. The very next logical level is the 3033. The next level after this is way up at 3153 so if the EMA is to pass the 3033 then price should hit this 3153 possibly tomorrow.

Once I have the direction and possible distances worked out I can then trade in that direction via the pull backs on the 5 min chart.
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  • #5,639
  • Feb 13, 2020 8:59am Feb 13, 2020 8:59am
Quoting hocius
{quote} Actually I mean like this. I know how to draw them manually, but this looks like a coded indicator. {image}
Are you asking about those horizontal dashed lines?
  • #5,640
  • Feb 13, 2020 9:41am Feb 13, 2020 9:41am
Quoting hocius
{quote} Actually I mean like this. I know how to draw them manually, but this looks like a coded indicator. {image}
Hocius i think you mean those dashed lines, just the fib tool set to 0/0,5/1/1,5/2 where the 0 and the 2 are the D-levels and 1 is the C
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