Trading the Cable swings via averages | Page 367 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #7,321
  • Oct 6, 2021 7:32pm Oct 6, 2021 7:32pm
Actually the 1 hour shows a better example...

See how between the price and the regular RSI there was no div, however look at the historical and we seethe range never made the low but the price did.

The trick is to enter on these as the price breaks before they snap back. Put the stop just under them hoping to reach the EMA which it did.
Attached Image (click to enlarge)
Click to Enlarge Name: 7f9ef3da91f541886d9ab97fafe9af31.png Size: 99 KB
  • #7,322
  • Oct 6, 2021 8:51pm Oct 6, 2021 8:51pm
Quoting Nala66
{quote} You haven't got the historical RSI on your charts so how can you tell if it was a hidden divergence. Look at the chart here and see the historical RSI (lowest). The black line on the normal RSI is the same as the red line on the historical. Now the RSI is always repainting until the close so we need to see where it actual swung up and down i.e. the range it moved. In this example below we see the history and the range never got above the red peak but on the price it did so we have a HD there. There is another example in green on the left...
I owe you big time.
Great and clear explanation.
Let me try to redraw the HD that I have shown wrong again.
hope I'm not wrong this time.
Many thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: e47782316a03bd714213a1a931978bc3.png Size: 95 KB
  • #7,323
  • Oct 7, 2021 1:11am Oct 7, 2021 1:11am
Hi Folks,
appreciate I might be being stupid but could someone explain the settings for the Historical Rsi to generate the Upper/Lower Boundaries please
Cheers...Des
  • #7,324
  • Oct 7, 2021 1:39am Oct 7, 2021 1:39am
Anyone catch the hook here?
Attached Image (click to enlarge)
Click to Enlarge Name: f0a0072fb42369f06985b25f32744ffe.png Size: 28 KB
  • #7,325
  • Oct 7, 2021 1:51am Oct 7, 2021 1:51am
Quoting des_b
Hi Folks, appreciate I might be being stupid but could someone explain the settings for the Historical Rsi to generate the Upper/Lower Boundaries please Cheers...Des
hi Des, its just the indicator shared by Alan in post 2520, no further settings needed
  • #7,326
  • Oct 7, 2021 2:16am Oct 7, 2021 2:16am
Quoting huskyboy
{quote} hi Des, its just the indicator shared by Alan in post 2520, no further settings needed
Thanks, got it now
  • #7,327
  • Oct 7, 2021 2:41am Oct 7, 2021 2:41am
Quoting forex.ca
{quote} I owe you big time. Great and clear explanation. Let me try to redraw the HD that I have shown wrong again. hope I'm not wrong this time. Many thanks! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2021-10-07 09.32.40 (2).png Size: 34 KB
i would do it this way, but Alan has to confirm
  • #7,328
  • Oct 7, 2021 2:43am Oct 7, 2021 2:43am
example few minutes ago

Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2021-10-07 09.36.42 (2).png Size: 27 KB
  • #7,329
  • Oct 7, 2021 3:57am Oct 7, 2021 3:57am
Hi Folks,

This might help on the HD's, I use it as a way to spot them, please do not rely 100% on this as I cannot guarantee it finds all the HD's or even that it's 100% correct. However where it indicates the possibility of an HD I use Alan's methodology to confirm the case.

fast option will display possible HD prior to bar completing

Cheers...Des
Attached File(s)
File Type: ex4 Alan_HD.ex4   39 KB | 261 downloads
  • #7,330
  • Oct 7, 2021 4:01am Oct 7, 2021 4:01am
Regarding hedging Alan,

Do you hedge at every opposing div on m5 once you're in a trade or only when there is an inference on higher timeframes?

Best regards.
  • #7,331
  • Oct 7, 2021 4:14am Oct 7, 2021 4:14am
Quoting forex.ca
{quote} I owe you big time. Great and clear explanation. Let me try to redraw the HD that I have shown wrong again. hope I'm not wrong this time. Many thanks! {image}
Always to the close of the RSI not to its range.
  • #7,332
  • Oct 7, 2021 4:18am Oct 7, 2021 4:18am
Quoting huskyboy
{quote} {image}i would do it this way, but Alan has to confirm
Thanks Huskyboy I missed this with my bad eyes.
  • #7,333
  • Oct 7, 2021 4:25am Oct 7, 2021 4:25am
You can make good money just by trading these.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2c2344d12e53735e695b7cb0033c4afd.png Size: 101 KB
  • #7,334
  • Oct 7, 2021 4:38am Oct 7, 2021 4:38am
Quoting huskyboy
{quote} {image}i would do it this way, but Alan has to confirm
Nice.
I got it. thanks, Huskyboy.
  • #7,335
  • Oct 7, 2021 4:45am Oct 7, 2021 4:45am
Dear Alan! Here is my full entry for this afternoon's trading session. Currently the price is fluctuating around the ema h1 and h4, so if this order stops out, I will close my laptop and go to sleep.
where I miss hedge, am I wrong in assuming that price swing high ema m5 and continue to target D. Please give me advice.
Thanks for help us to understand this method day by day. Love you Teacher!
Attached Image (click to enlarge)
Click to Enlarge Name: h3.PNG Size: 116 KB
  • #7,336
  • Oct 7, 2021 5:27am Oct 7, 2021 5:27am
Aplogies, Previous script had dubug enabled
Attached File(s)
File Type: ex4 Alan_HD.ex4   42 KB | 318 downloads
  • #7,337
  • Oct 7, 2021 7:52am Oct 7, 2021 7:52am
Quoting mrtrung1988
Dear Alan! Here is my full entry for this afternoon's trading session. Currently the price is fluctuating around the ema h1 and h4, so if this order stops out, I will close my laptop and go to sleep. where I miss hedge, am I wrong in assuming that price swing high ema m5 and continue to target D. Please give me advice. Thanks for help us to understand this method day by day. Love you Teacher! {image}
Yep you got on your first and second entry on the div but then failed to hedge at the top on that div. This would have allowed you to close the longs once the hedge had a BE stop and this hedge would be where you could have placed your 3rd entry so you are all in short with no longs.

Then where you have the 3rd entry this would have been the hedge of the hedge and one you got that to BE you could close the shorts.

.........................................

Your 1 hour ABCD is totally wrong, why don't you just use the indicator provided until you get to know what they look like.
They show on the chart like this...
Attached Image (click to enlarge)
Click to Enlarge Name: 0aac08a2c1b947c09b802cfcddc78bb8.png Size: 135 KB

This is the version I have..
Attached File(s)
File Type: ex4 Alans_Target V1.8.ex4   60 KB | 430 downloads
  • #7,338
  • Oct 7, 2021 7:57am Oct 7, 2021 7:57am
Whoops I forgot to mention the 1hour target..
Attached Image (click to enlarge)
Click to Enlarge Name: 229fc00a80ee7308bac255162a4989ad.png Size: 109 KB

Hope y'all picked this
  • #7,339
  • Oct 7, 2021 9:41am Oct 7, 2021 9:41am
Quoting Nala66
Whoops I forgot to mention the 1hour target.. {image} Hope y'all picked this

Hi Alan,

There was also a bear H, which I took as well, For both entries there were HD on the 5min ema, I closed them with large pip profits. My question is though did i do the right thing switching like that as I saw the HD show on the 1 hour and looking for entries, I closed my buy when the Hd formed on above the 1h ema and took the sell hedge. I closed this early when i got my bonus pips (i was aiming for just another 10 pips as it means i dont need to get 20 tomorrow.)
  • #7,340
  • Oct 7, 2021 10:37am Oct 7, 2021 10:37am
Quoting Nala66
{quote} Yep you got on your first and second entry on the div but then failed to hedge at the top on that div. This would have allowed you to close the longs once the hedge had a BE stop and this hedge would be where you could have placed your 3rd entry so you are all in short with no longs. Then where you have the 3rd entry this would have been the hedge of the hedge and one you got that to BE you could close the shorts. ......................................... Your 1 hour ABCD is totally wrong, why don't you just use the indicator provided until...
Dear Mr. Alan,

I've drawn the same ab=cd as below chart. Pls correct me if i'm wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 41 KB
9 traders viewing now