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Attachments: Trading the Cable swings via averages
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Trading the Cable swings via averages

Thanks Alan for you reply.

I am in long at 1.30725
Quoting huskyboy
{quote} {image} I am a silent follower of this great thread and strategy and i am not following cable anymore, but when i read Alan's vieuw on that chart i needed to react and maybe i see things completely wrong, i still want to share what i saw on that chart. When you say Alan that there is no divergence in the US session, i immediately saw that RSI/RSI bull divergence in the M5, giving you an entry considering the oversold H1 RSI. The divergence was retested (hook) and gave the posible second entry. The final third entry could have been after...
You are correct there was an RSI div that I missed on the 5 min.
Quoting logic38
Thanks Alan for you reply. I am in long at 1.30725
Looks like it should make the 3151
Quoting logic38
Thanks Alan for you reply. I am in long at 1.30725
I took that long there also but was stopped out, Back in again long at the 3056, got my loss back and completed my PT.
Damn that was a fast move this morning
I missed the boat, did anyone manage to get that long with 3 trades on.
there was bull divergence on the 5 min chart
I was looking at a possible buy but at a slightly lower level around 1.31174 which is also the daily open level, and the 5 min ma level i thought this
would be a good zoo point, my 5 min ABC gave me
!.31258 which is where price shot up from.
Its taken me a while to learn this,now I will wait until tomorrow to look for trades.
Quoting logic38
Damn that was a fast move this morning I missed the boat, did anyone manage to get that long with 3 trades on. there was bull divergence on the 5 min chart I was looking at a possible buy but at a slightly lower level around 1.31174 which is also the daily open level, and the 5 min ma level i thought this would be a good zoo point, my 5 min ABC gave me !.31258 which is where price shot up from. Its taken me a while to learn this,now I will wait until tomorrow to look for trades.
It was fast indeed, I got only 1 on but have since taken shorts and longs.
Quoting Nala66
{quote} It was fast indeed, I got only 1 on but have since taken shorts and longs.
Good job Alan
Yes I see some good bull support around 1.31404 for long scalps, I need more confidence to take anything after the initial move, as i have been burnt too much in the past.
I sold at the 60 ma and 5 min ma level zoo points, with some bear divergence only to be stopped out, by the bounce up from the 1.31068 area.
Reentered again sell at 1.31246 target is 1.30740 60 ma level
Quoting logic38
I sold at the 60 ma and 5 min ma level zoo points, with some bear divergence only to be stopped out, by the bounce up from the 1.31068 area. Reentered again sell at 1.31246 target is 1.30740 60 ma level
I wouldn't base my TP on the 1 hour. it can and does pull back on you too much. Look at the 1 hour for ZOO points to be traded at the 5 min level.
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Quoting Nala66
{quote} I wouldn't base my TP on the 1 hour. it can and does pull back on you too much. Look at the 1 hour for ZOO points to be traded at the 5 min level. {image}
Thanks for your advice Alan
Hello everybody
i've opened the Telegram chat
Cable swings
If you want to join download telegram and send me a pm
Chris
Someone asked about ZOO points... Well here on the 1 hour chart is a sampling of most of them over the last three days.

I'll leave it to you guys to work out the why's and what nots.

Add the chart to your diary for study.
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Quoting Nala66
Someone asked about ZOO points... Well here on the 1 hour chart is a sampling of most of them over the last three days. I'll leave it to you guys to work out the why's and what nots. Add the chart to your diary for study. {image}

Thank for the chart Alan, that makes it very clear and easy to understand when you show all the zoo points like that.
Quoting logic38
{quote} Thank for the chart Alan, that makes it very clear and easy to understand when you show all the zoo points like that.
No worries...

Tale a bo peep at todays it was as clear as crystal
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Quoting Nala66
{quote} No worries... Tale a bo peep at todays it was as clear as crystal {image}
Hello Alan
Thank you for your help
On the chat we all took a part of this swing
Thanks again
Chris
Quoting Elsaloon
{quote} Hello Alan Thank you for your help On the chat we all took a part of this swing Thanks again Chris
Brilliant stuff.... I would be in the chat myself but can't seem to get in.
Quoting Nala66
{quote} Brilliant stuff.... I would be in the chat myself but can't seem to get in.
I sent you the link
you have to download Telegram
Quoting Elsaloon
{quote} I sent you the link you have to download Telegram
I have downloaded it but it wants my mobile telephone number... I don't have a mobile telephone
Quoting Nala66
{quote} I have downloaded it but it wants my mobile telephone number... I don't have a mobile telephone
Alan
you could try this
you just need a phone number for 1 minute

https://freephonenum.com/us

Cheers
Chris
Quoting Elsaloon
{quote} Alan you could try this you just need a phone number for 1 minute https://freephonenum.com/us Cheers Chris
My missus has one, I will use hers tomorrow
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