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Trading the Cable swings via averages

  • #8,641
  • Nov 26, 2022 3:32pm Nov 26, 2022 3:32pm
Analyzing Trade 3
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  • #8,642
  • Nov 26, 2022 3:39pm Nov 26, 2022 3:39pm
Analyzing Trade 4
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  • #8,643
  • Nov 27, 2022 11:05pm Nov 27, 2022 11:05pm
Quoting 40PipsAlan
{quote} That last picture posted 8635 says it all boss. I have put these on my chart and now it becomes clear. The previous EMA levels form the possible ZOO points to look for divergence on the M5 and drop to M1 for entry point. Nice. I will post my chart later. Its almost like we don't need to see the candles, only for hidden divergence and bull bear support. {image}
Seems like you are finally getting the idea
  • #8,644
  • Nov 27, 2022 11:11pm Nov 27, 2022 11:11pm
Quoting 40PipsAlan
Analysing Trade 1 {image}
So, if the EMA failed to make the HH then it should test the LL
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  • #8,645
  • Nov 27, 2022 11:12pm Nov 27, 2022 11:12pm
Quoting 40PipsAlan
Analyzing Trade 4 {image}
Very good.
  • #8,646
  • Edited 3:18am Nov 29, 2022 2:47am | Edited 3:18am
The picture says it all. Now at BE. Dammit BE hit
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  • #8,647
  • Nov 29, 2022 3:22am Nov 29, 2022 3:22am
Quoting 40PipsAlan
Bức tranh nói lên tất cả. Bây giờ tại BE. Cú đánh chết tiệt {image}
me too. stop at BE, I omitted the bull div. need a fence
  • #8,648
  • Edited 4:19am Nov 29, 2022 4:03am | Edited 4:19am
Failed to reach target now going down and at BE again. Looking for Bear support on H1 and M15. Dammit BE hit again but I dont mind that.
Attached Image (click to enlarge)
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  • #8,649
  • Nov 29, 2022 10:16pm Nov 29, 2022 10:16pm
How is your pre-analysis, bros.
Can you share your view?
  • #8,650
  • Nov 29, 2022 10:25pm Nov 29, 2022 10:25pm
Quoting 40PipsAlan
Failed to reach target now going down and at BE again. Looking for Bear support on H1 and M15. Dammit BE hit again but I dont mind that. {image}
Here is all the info, you miss a lot out.
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  • #8,651
  • Nov 30, 2022 2:01am Nov 30, 2022 2:01am
Quoting LFrZero
How is your pre-analysis, bros. Can you share your view?
I forecast a tough day for all.
  • #8,652
  • Nov 30, 2022 2:20am Nov 30, 2022 2:20am
Quoting 40PipsAlan
{quote} I forecast a tough day for all.
Yep, price sticking around the H1-EMA.
  • #8,653
  • Nov 30, 2022 2:24am Nov 30, 2022 2:24am
Quoting LFrZero
{quote} Yep, price sticking around the H1-EMA.
Yep all EMA bunching up ready for lift off.
  • #8,654
  • Nov 30, 2022 5:00am Nov 30, 2022 5:00am
Divergence on the M5. EMA looking to be stopped at the H4 EMA. price has broken the H1 and is now looking for bull support. Took the short down to the H1 EMA for +1.5%. H1 support confirm
M1 picture for more detail.
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  • #8,655
  • Edited 6:33am Nov 30, 2022 6:06am | Edited 6:33am
M5 bull support confirm. M5 EMA trying for a HH. buy trade now at BE. No bull support on H4 yet.
Ultimate target being the H1 ABCD at 1.20390. Dammit BE hit
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  • #8,656
  • Nov 30, 2022 10:03am Nov 30, 2022 10:03am
Anybody else on the gravy train?
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  • #8,657
  • Edited 2:53pm Dec 1, 2022 12:59pm | Edited 2:53pm
Got a coupla winners today on the big run up to the daily ABCD target. This was after taking several losses when M5 divergence kept failing and not going back across the EMA again. In hindsight I was wrong to be taking counter trend trades in such a strong uptrend and should have been taking long trades only. I should have recognized this sooner when divergence failed to work and changed straight into long trades only. When I say failed to work the divergence was noticeable on the M1 and it turned around on the M1 EMA or thereabouts. Its all good experience.
Back to Alans Notes:-
A divergence will return the price to the average and when it fails to do so price will make a HH or LL depending which way we are going. This being the case then there is no point holding onto a failed divergence, better to close it and trade against the divergence.
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  • #8,658
  • Dec 2, 2022 2:25am Dec 2, 2022 2:25am
Yes, the daily ABCD was hit but I am watching the EMA also...
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  • #8,659
  • Edited 3:16am Dec 2, 2022 2:54am | Edited 3:16am
I am long as well. M5 RSI Divergence didnt cross the EMA but did a retest. Went Long. Now at BE
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  • #8,660
  • Dec 2, 2022 3:24am Dec 2, 2022 3:24am
That bear HD on the 1 hour should cause about a 50 pip pull back south.
Whoops I mean closer to 100 pips
A test of the EMA
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