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Trading the Cable swings via averages

  • #6,601
  • Sep 12, 2020 1:21am Sep 12, 2020 1:21am
Quoting asoriga
Hi Alan, my biggest problem is that it rarely seems to be the first divergence signal that is successful and I end up getting chopped up before the inevitable one that works out.
I tend to have the same problem. The only way around this is to apply filters, Nala66 suggested two in this instance. There is another I suggest and that is to wait for 1m stage completions. This post is about the mechanics of the entry rather than the 1h trade inference which I assume you have already done.

We know a successful buy trade on any timeframe looks like the following Div->(hook?)->ema Cross->(hook?)->support->price HH->EMA HH. We also know that for a successfully 5m trade you have to have completed a number of successful 1m stages. This is the key idea behind this entry mechanic.

So what we can do is on the 1m chart (and at our 1h zoo spot) we wait for a div->ema cross->Hook. Then we quickly check our charts and see if the 5m is giving div then enter on the 1m Hook. The reasoning behind this is that we can see the buyers are interested before we commit. The 1m hook gives us a good entry (not the best entry and not the worst either). Without a 1m ema cross, most of the going to fail 5m divs are filtered out.

The con of this strategy is sometimes the 1m hook never comes and you never get a good entry anymore.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m_hook_entry_for_5m_div.png Size: 76 KB
  • #6,602
  • Sep 12, 2020 1:38am Sep 12, 2020 1:38am
I have another chart showing the same mechanics. We are waiting for the 1m hook after the 1m ema cross to enter. The second buy trade is going with the 1h ema.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
  • #6,603
  • Sep 12, 2020 1:47am Sep 12, 2020 1:47am
Now, to show I am not cherry picking, this is the downside of this filtering method.
Waiting patiently for 1h support, I have 5m div, but there is no 1m hook and trade escapes away from me.
Attached Image (click to enlarge)
Click to Enlarge Name: no_1m_hook_entry_for_5m_div.png Size: 87 KB
  • #6,604
  • Sep 12, 2020 7:38am Sep 12, 2020 7:38am
I see what you are, doing there, but we need to accept that nothing is 100 per ent after divergence. If you are looking for divergence to counter a trend, then you should look to see first if ema has reached the new level, then see a divergence then a 2 bar test. That alone should eliminate so many. Remember if price has brokwne the previous low it will go for the ll and before it can go to the next level. So it if i5 has broke up with the ema ll HD price hit the the next low level? If it has had there been divergence, worth an entry. It might go for the next ll. I. E cont divergence as well. But the signal should give you the notification
  • #6,605
  • Sep 12, 2020 10:32pm Sep 12, 2020 10:32pm
Quoting CptOrlando
Now, to show I am not cherry picking, this is the downside of this filtering method. Waiting patiently for 1h support, I have 5m div, but there is no 1m hook and trade escapes away from me. {image}
I have no idea what you are saying in these posts there is not a single mention of the EMA swings.
  • #6,606
  • Sep 14, 2020 2:17am Sep 14, 2020 2:17am
I just missed a bullish hidden divergence because I was looking for signals to go short after the rsi-div to go short...
Attached Image
Hope is the worst indicator...
  • #6,607
  • Sep 15, 2020 11:33pm Sep 15, 2020 11:33pm
Hi Guys,

Was this a valid 2 bar test?
Attached Image
Hope is the worst indicator...
  • #6,608
  • Sep 16, 2020 8:11am Sep 16, 2020 8:11am
Quoting 4xscholar
Hi Guys, Was this a valid 2 bar test? {image}

Well what are you trying to do here exactly look for an entry to continue on the trend?
  • #6,609
  • Sep 16, 2020 9:36am Sep 16, 2020 9:36am
Quoting Ansab001
{quote} Well what are you trying to do here exactly look for an entry to continue on the trend?
I was looking for an entry. Asking if it was a valid 2 bar test because I couldn't(still can't ) see a con/div
Hope is the worst indicator...
  • #6,610
  • Sep 16, 2020 10:08am Sep 16, 2020 10:08am
Quoting 4xscholar
Hi Guys, Was this a valid 2 bar test? {image}
Yes, this is it.
You can compare with Alan's screenshot.
https://www.forexfactory.com/thread/...6#post12523026
  • #6,611
  • Sep 16, 2020 11:17am Sep 16, 2020 11:17am
Quoting Pilygrim
{quote} Yes, this is it. You can compare with Alan's screenshot. https://www.forexfactory.com/thread/...6#post12523026
Thank you Pilygrim
Hope is the worst indicator...
  • #6,612
  • Oct 5, 2020 2:46am Oct 5, 2020 2:46am
Hi Alan,

We take inference from the 1hr and look for an entry on m5. Below shows 1hr is at a ZOO point and there is a hidden Div on M5. That's an opportunity to go long.

You also mentioned a bias based on price in relation to the MA. in this case, 1hr is above but the 5m is below. Which do we base the bias on?
Attached Image (click to enlarge)
Click to Enlarge Name: 05102020.png Size: 63 KB


As I write this, price made it below the MA on the hour chart...
Hope is the worst indicator...
  • #6,613
  • Oct 8, 2020 1:43am Oct 8, 2020 1:43am
HD on H12

I trade mostly 12 H trigger H, fine tune 15.
Run my own business from home, no time for daytrading.
Less oprortunity, but less Stop Running too.
Big Boys stop run the most in the lower time frames, sometimes it is really gruesome.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 219 KB
  • #6,614
  • Oct 8, 2020 3:10am Oct 8, 2020 3:10am
Quoting cuchuflito
HD on H12 I trade mostly 12 H trigger H, fine tune 15. Run my own business from home, no time for daytrading. Less oprortunity, but less Stop Running too. Big Boys stop run the most in the lower time frames, sometimes it is really gruesome. {image}
First time I see a H12 chart
Just be aware how to draw divergence. RSI is calculated with bar close prices. That makes that you have to draw the price divergence line at the close of the (correct) bars.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 243 KB
Trading S/R with PA only. No indicators anymore!
  • #6,615
  • Oct 16, 2020 3:31am Oct 16, 2020 3:31am
Alan gone, thread finito...
  • #6,616
  • Oct 17, 2020 4:45am Oct 17, 2020 4:45am
Quoting cuchuflito
Alan gone, thread finito...
That's for sure? How do you know?
  • #6,617
  • Oct 22, 2020 2:22am Oct 22, 2020 2:22am
Quoting Pilygrim
{quote} That's for sure? How do you know?
No I donī!
Atactually Allan gave us so much, he might as well quitt posting alltogether. I will be allways greatfull to his honest top quality teachings.
He literally helped me and many others to turn my trading around.Heīs definitely in my list of the best traders Iīve encountered.
On the other hand, if he doesnīt come back, anybody just studying the first 10 pages in this thread, getīs all they need to become profitable, and on top of that for free.
Thanks Allan, stay healthy you all.
  • #6,618
  • Oct 22, 2020 10:35am Oct 22, 2020 10:35am
Quoting cuchuflito
{quote} No I donī! Atactually Allan gave us so much, he might as well quitt posting alltogether. I will be allways greatfull to his honest top quality teachings. He literally helped me and many others to turn my trading around.Heīs definitely in my list of the best traders Iīve encountered. On the other hand, if he doesnīt come back, anybody just studying the first 10 pages in this thread, getīs all they need to become profitable, and on top of that for free. Thanks Allan, stay healthy you all.
Yes, I feel exactly the same.....Allan gave us so much for free and I will appreciate his teaching with the rest of my life. His method and knowledge sharing is so impactful that solve once and for all a number of my grey areas with regard to Fx trading. It is a good point to just study again all his past threads while he is away or even no longer posting, I however just wanna to wish and bless him all the time with good health and best compliment.

Fyi, I was once a member in the Telegram group but was recently being kicked out suddenly without warning being given in advance. I guess most probably bcoz I'm not active in their group daily trading activities. I just don't have the luxurious time to even sit down to trade with them even 1 session in the past months due to my personal issues, be it health, business or career issues.

I just feel that if you are feeling being left out but still willing, some of you may lead (I m not mobile Apps savvy) to create another Telegram group and then try to invite Alan to join......It make no different either for Alan to join or not whoever group whenever he want to trade coz all members are still able to share trading patterns/signals instantly among them self with or without Alan. In fact Alan not joining trading all day long and is not everyday either, but is disciplined to his 108 time line and daily target. Once target is achieved he left, making trading look like easy and enjoyable.

This is just my personal 2 cents with no dubious intention and hope no offense to anyone. Happy trading to everyone
  • #6,619
  • Oct 23, 2020 2:29am Oct 23, 2020 2:29am
No I am not gone just on holiday.
  • #6,620
  • Oct 26, 2020 12:34pm Oct 26, 2020 12:34pm
Quoting limth
{quote} Yes, I feel exactly the same.....Allan gave us so much for free and I will appreciate his teaching with the rest of my life. His method and knowledge sharing is so impactful that solve once and for all a number of my grey areas with regard to Fx trading. It is a good point to just study again all his past threads while he is away or even no longer posting, I however just wanna to wish and bless him all the time with good health and best compliment. Fyi, I was once a member in the Telegram group but was recently being kicked out suddenly...
If you want to join telegram group
no probl
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