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Trading the Cable swings via averages

  • #8,081
  • Aug 9, 2022 8:49pm Aug 9, 2022 8:49pm
Still no joy... Stuck between C and 50% of D1. This having the effect of flattening the EMA and when we see this happen we should expect a rather hefty move is due.

Money won't stand still for long, something will give.
  • #8,082
  • Aug 9, 2022 10:04pm Aug 9, 2022 10:04pm
Quoting Nala66
Watching this today... Is price going to re-cross C, or is it going to cross the 50% of D1? {image}
Hi Alan, can u share daily pivot indicator? thanks so much!
  • #8,083
  • Aug 10, 2022 2:14am Aug 10, 2022 2:14am
Quoting rindhn
{quote} Hi Alan, can u share daily pivot indicator? thanks so much!
Sure....
Attached File(s)
File Type: ex4 Auto Pivots.ex4   50 KB | 252 downloads
  • #8,084
  • Aug 10, 2022 7:40am Aug 10, 2022 7:40am
At last we made it.....
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  • #8,085
  • Aug 10, 2022 7:48am Aug 10, 2022 7:48am
Quoting Nala66
At last we made it..... {image}
Rather hefty indeed.
  • #8,086
  • Aug 10, 2022 10:21pm Aug 10, 2022 10:21pm
I want to point out here the importance of looking at the chart closely for signals and especially the role my type of hidden divergence plays. This is not the conventional HD shown in the so called text books which I regard as plain old divergence with nothing hidden about them at all.

Here below on the 1 hour chart we see three of them involving hundreds of pips. These are great for those who want to specialize in one single trading event so they don't have to remember too much or get confused. You will need an RSI with the history of its range (the red line channel on the RSI) if you want to find them because without this they are hidden from view.

The thing to note is the trade begins immediately with the snap back so we are in profit from the onset. Remember with any form of div it is supposed to at least make the EMA or it will make a HH or LL whichever the case may be.

Also look for where targets have been made such as this ABCD it is then followed by the HD.

Divs usually come in pairs so a bear one is countered by a bull one.

I would recommend trading these for newbies because they are easy to spot once a day or sometimes twice, the results are instant, the stops are just above/below the previous high/low and amount to very little loss. The stops can then be moved to BE PROVIDED you entered at the right time, if you are late then the stops must still be placed at the correct place and you could lose a bit.

When you spot these on the 1 hour chart drop to your 5 min chart and get your entries in accordingly remembering pull backs are additional entry points until the 1 hour tells you different.
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Mark this down as one of your favorite methods, it pays good money with low risk.
  • #8,087
  • Aug 11, 2022 1:23am Aug 11, 2022 1:23am
As luck would have it here on the 5 min is an example of a winning trade and a losing one.

The winner is far larger than the loser...

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See how the bearish HD never made the EMA so price makes the HH stopping us out.

These are small trades however because the inference is not taken from the 1 hour chart.
  • #8,088
  • Aug 11, 2022 1:29am Aug 11, 2022 1:29am
By the way the 1 hour HD has not crossed the EMA so we could see a HH than the HD.
  • #8,089
  • Aug 11, 2022 3:09am Aug 11, 2022 3:09am
Quoting Nala66
As luck would have it here on the 5 min is an example of a winning trade and a losing one. The winner is far larger than the loser... {image} See how the bearish HD never made the EMA so price makes the HH stopping us out. These are small trades however because the inference is not taken from the 1 hour chart.
Thanks for your instruction, today i have 30 pips just like that.
  • #8,090
  • Aug 11, 2022 7:40am Aug 11, 2022 7:40am
Thus we have a new HD for the day and the EMA is still holding the bulls long.
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  • #8,091
  • Aug 11, 2022 9:05pm Aug 11, 2022 9:05pm
Finally after I had gone to bed the bulls conceded to a bear div and the bears found support below the EMA.

Look at the last HD and how small the loss would have been. These trades most often have great reward/risk ratios.

Compare this to the Bear Div and see the RR is just about 1:1 unless it is held for a long time.

Trading the signals are the key to good trading, coupled with good money management and patience. I am not a lover of theories only evidenced after the fact, nor the speculative I THINK scenarios. Just use the tools to get the job done looking for timing, entries, exit levels and the inevitable stop levels of protection.
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  • #8,092
  • Aug 12, 2022 3:18am Aug 12, 2022 3:18am
Just found this and catching up on the postings.
  • #8,093
  • Aug 13, 2022 3:10am Aug 13, 2022 3:10am
Quoting 40PipsAlan
Just found this and catching up on the postings.
Enjoy....
  • #8,094
  • Aug 13, 2022 3:12am Aug 13, 2022 3:12am
Quoting Nala66
Finally after I had gone to bed the bulls conceded to a bear div and the bears found support below the EMA. Look at the last HD and how small the loss would have been. These trades most often have great reward/risk ratios. Compare this to the Bear Div and see the RR is just about 1:1 unless it is held for a long time. Trading the signals are the key to good trading, coupled with good money management and patience. I am not a lover of theories only evidenced after the fact, nor the speculative I THINK scenarios. Just use the tools to get the job...
Nice Chart
Blank and Empty
  • #8,095
  • Aug 13, 2022 3:37am Aug 13, 2022 3:37am
The 1 hour chart below should be self evident but what of the future?

See how the 1 hour average is attempting a cross of the 4 hour average well it rarely fails the attempt and we could easily see it trying to cross the daily average also.

Price hasn't made much of an attempt at the daily yet but we see the 1 hour swing low average is below it and would present a logical target if the bulls cannot re cross and find support.

My assumption is the bears will continue.
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  • #8,096
  • Aug 15, 2022 5:59am Aug 15, 2022 5:59am
Quoting Nala66
The 1 hour chart below should be self evident but what of the future? See how the 1 hour average is attempting a cross of the 4 hour average well it rarely fails the attempt and we could easily see it trying to cross the daily average also. Price hasn't made much of an attempt at the daily yet but we see the 1 hour swing low average is below it and would present a logical target if the bulls cannot re cross and find support. My assumption is the bears will continue. {image}
Keep the posts coming guys. Newbie working thru the postings and getting my head around 2 bar testing and divergence. Tough going I must admit. Would be nice if someone did a divergence indi for all types on this strategy. Nice work Alan.
  • #8,097
  • Aug 15, 2022 9:42am Aug 15, 2022 9:42am
We can see the results of today were as speculated and the EMA has now made a crossover of both the 4 hour and the daily, however the average has not yet made its lower low so it would appear more down moves are to come.

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We can also see the next levels of average lower lows for the price to target. Remember if the average is to make a lower low then the price will attempt the next levels of lower lows.
  • #8,098
  • Aug 15, 2022 9:49am Aug 15, 2022 9:49am
Price doesn't need to do very much at all as it waits for the EMA to catch up a tad. Notice how it does this all the time. It makes a push, then stalls before making another push and so on until it fails and the bulls cross the EMA and find support.

Not a good time to trade when the price stalls.
  • #8,099
  • Aug 15, 2022 10:00am Aug 15, 2022 10:00am
Quoting 40PipsAlan
{quote} Keep the posts coming guys. Newbie working thru the postings and getting my head around 2 bar testing and divergence. Tough going I must admit. Would be nice if someone did a divergence indi for all types on this strategy. Nice work Alan.
Here is the two bar test lit up with nice bright candles.

See how the first div failed and the second passed the test then found support.
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  • #8,100
  • Aug 15, 2022 10:06am Aug 15, 2022 10:06am
And yes it was also an ABCD before anyone asks....
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