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Trading the Cable swings via averages

  • #8,901
  • Mar 14, 2023 12:24am Mar 14, 2023 12:24am
Quoting Nala66
{quote} Not sure what you are saying here. Each of those red circles is showing it is making lower lows?
Sorry for my bad English.
I put more details on chart below. Did I read chart correct?
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  • #8,902
  • Mar 14, 2023 1:39am Mar 14, 2023 1:39am
Hey Alan, I wanna ask, in the situation like this, even though the H1 are at the zoo point, M5 price stuck between the two swing, what is the indicator to enter the trade? will it be the price break the two level or the price make a swing high/low accordingly?
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  • #8,903
  • Mar 14, 2023 8:11pm Mar 14, 2023 8:11pm
Quoting LFrZero
{quote} Sorry for my bad English. I put more details on chart below. Did I read chart correct? {image}
Here you go I have marked your chart

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I don't see any indicator to show you divergence.
  • #8,904
  • Mar 14, 2023 8:39pm Mar 14, 2023 8:39pm
Quoting Fiona96
Hey Alan, I wanna ask, in the situation like this, even though the H1 are at the zoo point, M5 price stuck between the two swing, what is the indicator to enter the trade? will it be the price break the two level or the price make a swing high/low accordingly? {image}
In situations like this where the EMA has failed to make the LL and then gone on to fail the HH I regard it as ranging and we need a break one way or the other.

It doesn't mean that we cannot trade the range if we just follow the signals even if the prizes are small we can still make our percentages. This is because percentages are relative in that the smaller the targets the larger our lot size.
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  • #8,905
  • Mar 14, 2023 8:44pm Mar 14, 2023 8:44pm
About to start the 20th day of 1-hour ABCD's I will have to start a new 20 days to fit it all in,
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  • #8,906
  • Mar 14, 2023 9:14pm Mar 14, 2023 9:14pm
Quoting Nala66
{quote} Here you go I have marked your chart {image} I don't see any indicator to show you divergence.
Thank for your help.
I remove RSI from this chart to get the feel of the EMA swings. I am using RSI on another M5 chart.
Honestly I stuck here with EMA swing Trying to make more clear questions.
  • #8,907
  • Mar 14, 2023 9:58pm Mar 14, 2023 9:58pm
Quoting Nala66
{quote} Here you go I have marked your chart {image} I don't see any indicator to show you divergence.
Master Alan, please help me with these process. Am I correct?
Attached Image (click to enlarge)
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  • #8,908
  • Mar 15, 2023 5:43am Mar 15, 2023 5:43am
Quoting LFrZero
{quote} Master Alan, please help me with these process. Am I correct? {image}
1) Don't use the high and low for the price bars. Just use a normal price bar.

2) Put a 1 period SMA on the chart. This will much more clearly show the DIV's.

Your bull divergence should return the price to the EMA (that would be the target) If it fails then price will make a LL, If it makes it and crosses the EMA and FINDs support then it will test the EMA swing highs.
  • #8,909
  • Mar 15, 2023 5:46am Mar 15, 2023 5:46am
The hourly D1 target has been hit.....
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  • #8,910
  • Mar 15, 2023 5:56am Mar 15, 2023 5:56am
See how the D1 formed a trend on the 5 min chart.

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So, on the 5 min we can see we are trading below the EMA average, so we look to short this to the target.
  • #8,911
  • Mar 15, 2023 8:05am Mar 15, 2023 8:05am
Time is tight when you have to work a FT job during the London session. Managed to grab 90 pips or so today. Nice.
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  • #8,912
  • Mar 15, 2023 8:42am Mar 15, 2023 8:42am
Quoting 40PipsAlan
Time is tight when you have to work a FT job during the London session. Managed to grab 90 pips or so today. Nice. {image}
Well done but don't give up your day job just yet. Thanks for posting your great effort.
  • #8,913
  • Mar 15, 2023 8:59am Mar 15, 2023 8:59am
Quoting Nala66
{quote} 1) Don't use the high and low for the price bars. Just use a normal price bar. 2) Put a 1 period SMA on the chart. This will much more clearly show the DIV's. Your bull divergence should return the price to the EMA (that would be the target) If it fails then price will make a LL, If it makes it and crosses the EMA and FINDs support then it will test the EMA swing highs.
Thank you for teaching, master.
Hope you don't mind me asking too much
  • #8,914
  • Mar 16, 2023 12:31am Mar 16, 2023 12:31am
Quoting LFrZero
{quote} Thank you for teaching, master. Hope you don't mind me asking too much
Ask away, only too happy to help.
  • #8,915
  • Mar 16, 2023 12:49am Mar 16, 2023 12:49am
Master, Price is too close to EMA so we sit on our hands.
Does Mr. Market say so?
  • #8,916
  • Mar 16, 2023 1:54am Mar 16, 2023 1:54am
Master Alan, is this a new gold triangle?
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  • #8,917
  • Mar 16, 2023 2:23am Mar 16, 2023 2:23am
I miss the H1 bullish div and blindly jump in. Blue text is live trade (terrible one).
My hindsight trade is in red text, correct me please.
- Take inference from H1 bullish div, M5 bullish div.
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Question is, if we missed the H1 inference then what should we do, (Wait ?)
How to avoid the failed div (orange div)?
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Thank you so much.
  • #8,918
  • Mar 16, 2023 4:58am Mar 16, 2023 4:58am
Quoting khoadiablo
Master Alan, is this a new gold triangle? {image}
No, it isn't both prices are on the same north side of the EMA

This was todays trade....
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  • #8,919
  • Mar 16, 2023 5:02am Mar 16, 2023 5:02am
Quoting LFrZero
I miss the H1 bullish div and blindly jump in. Blue text is live trade (terrible one). My hindsight trade is in red text, correct me please. - Take inference from H1 bullish div, M5 bullish div. {image} Question is, if we missed the H1 inference then what should we do, (Wait ?) How to avoid the failed div (orange div)? {image} Thank you so much.
I am having a hard time trying to make any sense from your charting,
  • #8,920
  • Mar 16, 2023 5:36am Mar 16, 2023 5:36am
Quoting Nala66
{quote} I am having a hard time trying to make any sense from your charting,
Crying ...
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