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Trading the Cable swings via averages

  • #7,421
  • Dec 5, 2021 9:28am Dec 5, 2021 9:28am
Hi Alan:

Can you please show us some actual meaningful examples of 26EMA divergent with RSI indi? You did mentioned this type of divergent before but I found rare example for reference....
  • #7,422
  • Dec 6, 2021 12:16am Dec 6, 2021 12:16am
Quoting limth
Hi Alan: Can you please show us some actual meaningful examples of 26EMA divergent with RSI indi? You did mentioned this type of divergent before but I found rare example for reference....
Not sure what this question is.

The 26EMA is the same as the 50% level of the RSI the difference is that with the EMA it is a sloping line whereas with the RSI it is a horizontal line. BUT it is still the same thing.

So there are some forms of divergence we can see even without using the RSI.

I have no idea what comparing the EMA with the RSI is all about let alone trying to find a divergence there.
  • #7,423
  • Dec 6, 2021 12:18am Dec 6, 2021 12:18am
I didn't see any form of signal for this current long so I guess I missed out.
  • #7,424
  • Dec 6, 2021 12:20am Dec 6, 2021 12:20am
Oh now I see on the 5 min there was a tiny bullish HD I missed.
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  • #7,425
  • Dec 6, 2021 1:08am Dec 6, 2021 1:08am
Quoting Nala66
Oh now I see on the 5 min there was a tiny bullish HD I missed.
What timeframe divergences and pairs are you watching for?
I thought you were looking at H4/H1 only.

So for M5, would it be M5/M1?
How many pips is your target for an M5 divergence?
  • #7,426
  • Dec 6, 2021 1:33am Dec 6, 2021 1:33am
Quoting Nala66
Oh now I see on the 5 min there was a tiny bullish HD I missed. {image}
Hi Alan, I know I am being pretty stupid here but how to you show the high/low chart history on the RSI. I have tried 3 ind's one close, one high amd one low all on the same chart but this is not correct, cannot see any obvious setting but know I am missing something obvious, any help gratefully appreciated

Cheers...Des
  • #7,427
  • Dec 6, 2021 1:55am Dec 6, 2021 1:55am
Quoting des_b
{quote} Hi Alan, I know I am being pretty stupid here but how to you show the high/low chart history on the RSI. I have tried 3 ind's one close, one high amd one low all on the same chart but this is not correct, cannot see any obvious setting but know I am missing something obvious, any help gratefully appreciated Cheers...Des
Here you go...
Attached File(s)
File Type: ex4 RSI_Hidden.ex4   11 KB | 380 downloads
  • #7,428
  • Dec 6, 2021 3:48am Dec 6, 2021 3:48am
Quoting DuncanMac
{quote} What timeframe divergences and pairs are you watching for? I thought you were looking at H4/H1 only. So for M5, would it be M5/M1? How many pips is your target for an M5 divergence?
I very rarely use the 4 hour. I didn't see a signal on the 1hr as I said earlier'

It is not a question of how many pips I target it is a question of how many pips there are to target.

So we trade to the average swing level that pays us. Look at this 15 min below and see we have several targets.

I didn't take a trade though, I watched the cricket.
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  • #7,429
  • Dec 6, 2021 3:51am Dec 6, 2021 3:51am
Quoting Nala66
{quote} .., I watched the cricket. {image}
Ha-ha!
  • #7,430
  • Dec 6, 2021 3:53am Dec 6, 2021 3:53am
Watch this 1 hour ABCD
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  • #7,431
  • Dec 6, 2021 9:33pm Dec 6, 2021 9:33pm
[quote = Nala66; 13813089] {quote} Đây là kết quả ... {file} [/ quote]
Hello Alan.! I'm following your system, it's good but I would like to ask about the hook entry request if you don't mind reply because I don't know where they are in the 300 posted pages , sr my english is not good
  • #7,432
  • Dec 7, 2021 12:09am Dec 7, 2021 12:09am
Quoting minhzz
[quote = Nala66; 13813089] {quote} Đây là kết quả ... {file} [/ quote] Hello Alan.! I'm following your system, it's good but I would like to ask about the hook entry request if you don't mind reply because I don't know where they are in the 300 posted pages , sr my english is not good
Try this
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  • #7,433
  • Dec 7, 2021 2:22am Dec 7, 2021 2:22am
Well it made 50% of the move upwards then faltered. Anybodys guess where it might be heading now?
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  • #7,434
  • Dec 7, 2021 4:14am Dec 7, 2021 4:14am
Cricket is over we lost by two runs...

Here is a typical HOOK move.

The things to note are:-

It is a retest of the bear div.
In this case it was also a HD
The move is usually quite fast
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  • #7,435
  • Dec 7, 2021 9:58pm Dec 7, 2021 9:58pm
Two days now price has been stuck in this range.. We need a breakout!
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  • #7,436
  • Dec 8, 2021 4:53am Dec 8, 2021 4:53am
Hi Alan.

When you are looking at the chart, do you take in consideration every ema break or do you focus only on major ema swing levels?

See the m5 chart below, where I consider the green as major.
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  • #7,437
  • Dec 8, 2021 8:14pm Dec 8, 2021 8:14pm
Quoting Fantaburk
Hi Alan. When you are looking at the chart, do you take in consideration every ema break or do you focus only on major ema swing levels? See the m5 chart below, where I consider the green as major. {image}
I look at all the swings but if the targets are too small then I would not trade them.
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  • #7,438
  • Dec 9, 2021 2:48am Dec 9, 2021 2:48am
Two possible short targets on the 60m, the first one just hit. Will it go on to do the AB=CD?
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  • #7,439
  • Dec 9, 2021 3:20am Dec 9, 2021 3:20am
Hi Des, what's the weather like up there now?
  • #7,440
  • Dec 9, 2021 3:42am Dec 9, 2021 3:42am
Quoting mayflower
Hi Des, what's the weather like up there now?
Not too bad today, pretty windy the last few days upwards of 70k/hour (Storm Barra to give it it's name) so lost a few branches from our trees, I'm on the coast so not much snow as the salt in the air keeps it at bay. Jan/Feb are usually the worse so will know if we've had a bad winter after that, fingers crossed...

Cheers...Des
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