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Trading the Cable swings via averages

  • #7,221
  • Aug 12, 2021 3:54am Aug 12, 2021 3:54am
Quoting Nala66
My current 1 hour chart... {image}
Hi Alan,

Love these 1Hour posts they really help me set the frame for the way the market is moving. Completely missed the 50% retrace and so obvious now when I see your post. A great help

Cheers...Des
  • #7,222
  • Aug 13, 2021 1:04am Aug 13, 2021 1:04am
Today we have something a little different on the hour.

The price has taken out the two bull supports and the EMA has made the LL. The problem here is that there was no bull div at the bottom.

It then seems logical the bears may try for the next level EMA so watch out for this event.

I am off to a 21st birthday so I won't be trading this evening.
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  • #7,223
  • Aug 13, 2021 12:26pm Aug 13, 2021 12:26pm
Quoting Nala66
Today we have something a little different on the hour. The price has taken out the two bull supports and the EMA has made the LL. The problem here is that there was no bull div at the bottom. It then seems logical the bears may try for the next level EMA so watch out for this event. I am off to a 21st birthday so I won't be trading this evening. {image}
What is your age Alan?
  • #7,224
  • Aug 15, 2021 1:21am Aug 15, 2021 1:21am
Quoting Nala66
Today we have something a little different on the hour. The price has taken out the two bull supports and the EMA has made the LL. The problem here is that there was no bull div at the bottom. It then seems logical the bears may try for the next level EMA so watch out for this event. I am off to a 21st birthday so I won't be trading this evening. {image}
Happy 71st birthday to my venerable Master
JewelNguyen
  • #7,225
  • Aug 15, 2021 4:40am Aug 15, 2021 4:40am
Quoting Nala66
Today we have something a little different on the hour. The price has taken out the two bull supports and the EMA has made the LL. The problem here is that there was no bull div at the bottom. It then seems logical the bears may try for the next level EMA so watch out for this event. I am off to a 21st birthday so I won't be trading this evening. {image}
I want to see you Alan, can you pleas send your picture
  • #7,226
  • Aug 16, 2021 2:46am Aug 16, 2021 2:46am
Well I see Friday failed its bear run having run into a 1hour bud. Notice how there was no bear support and this was matched with a no bull support as it climbed up.

We have just had a series of RSI divs but the daily EMA is a bit of a problem, I am expecting this will be cleared but I don't like to expect anything because the opposite usually happens. Better to wait for signals.

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Glad I was told how old I was because I couldn't remember
  • #7,227
  • Aug 16, 2021 2:48am Aug 16, 2021 2:48am
Quoting yahya11
{quote} I want to see you Alan, can you pleas send your picture
No you don't. People keep my picture over the fireplace to scare away the kids from getting too close and burnt.
  • #7,228
  • Aug 16, 2021 5:20am Aug 16, 2021 5:20am
Quoting Nala66
{quote} No you don't. People keep my picture over the fireplace to scare away the kids from getting too close and burnt.
So funny Good health, gladness and joy shall be yours all through this week and beyond Alan
  • #7,229
  • Aug 16, 2021 6:16am Aug 16, 2021 6:16am
Quoting Nala66
{quote} No you don't. People keep my picture over the fireplace to scare away the kids from getting too close and burnt.
lol , then i really need it , i will use to scare my little princess
  • #7,230
  • Aug 16, 2021 7:08am Aug 16, 2021 7:08am
Hang on here a tad... It is not my birthday until October 30th, I was born in 1949.
  • #7,231
  • Aug 16, 2021 7:22am Aug 16, 2021 7:22am
Guess which one is me...
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  • #7,232
  • Aug 16, 2021 7:51am Aug 16, 2021 7:51am
Quoting Nala66
Guess which one is me... {image}
Love your "chain" Alan Anw glad to see u
  • #7,233
  • Aug 16, 2021 7:59am Aug 16, 2021 7:59am
It looks like the 21st birthday was with the one on the right.
  • #7,234
  • Aug 16, 2021 8:34am Aug 16, 2021 8:34am
Quoting Pilygrim
It looks like the 21st birthday was with the one on the right.
This is Jade, it was her younger brothers 21st
  • #7,235
  • Aug 17, 2021 2:54am Aug 17, 2021 2:54am
Hope everyone caught that lovely HD at the top of the hour yesterday.

Looks like the average is trying for the LL now since it failed to make the HH and we have just had an RSI bed.
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  • #7,236
  • Aug 18, 2021 3:40am Aug 18, 2021 3:40am
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So from the HD at the top the counter came as a HD at the bottom and so far we have had two of them.

The bottom was a 61.8% fib retracement of the daily. So a possible ZOO to consider.

Note the bears found support to take out the bull support
  • #7,237
  • Aug 18, 2021 8:34am Aug 18, 2021 8:34am
Quoting Nala66
Guess which one is me... {image}
i am really glad to see you mentor thank you for picture, you are not looking of 71 you are quite young
  • #7,238
  • Aug 19, 2021 1:48am Aug 19, 2021 1:48am
Well the bears continue to find support whereas the bulls cannot take a trick.
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  • #7,239
  • Aug 19, 2021 3:24am Aug 19, 2021 3:24am
It just hit the bear ABCD... now what?
  • #7,240
  • Aug 19, 2021 3:58am Aug 19, 2021 3:58am
Now it is close to the bull support/bear resistance ??????
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