Trading the Cable swings via averages

Quoting Nala66

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We see at the appropriate TIME. We have a bull div on the 4-hour chart. On the 5-min we see the SIGNAL to go long with about a 60 pip TARGET. On the middle chart (15-min) we see additional confirmation. If the average is to break A then price should reach the next level B. Remember TIME, SIGNAL, TARGET = A TRADE. {image}

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Quoting nettaxi

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thank you for sharing your work is there a template for your current setup

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Quoting 40PipsAlan

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{quote} Hey Al, I am with you on this trade. Couldn't spot any H1 inference but went in on the M5 bull support anyway. I also had the H4 divergence marked as a possible up move. Hasn't reached my 40 pip target yet but trade is at BE.

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Quoting nettaxi

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rsi divergence ? what are emas you are using thanks

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Quoting 40PipsAlan

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{quote} Hey Al, I am with you on this trade. Couldn't spot any H1 inference but went in on the M5 bull support anyway. I also had the H4 divergence marked as a possible up move. Hasn't reached my 40 pip target yet but trade is at BE.

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Quoting 40PipsAlan

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I guess the proper trade today was a HD on the H1 chart back down to the daily open. Hindsight is a wonderful thing {image}

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Quoting Nala66

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{quote} I see what is going on with your chart. You are using the two speed RSI to look for HD's. You should be using the historical RSI. It is because the divergence is hidden that we have to look at the total repainted moves of the RSI to see if it was actually in div once price moved past the high. In your case it was the place to exit your long and if you haven't made your pip quota you could look to short to make it up. The exit for the short was shown by the two speed RSI (red). So, we can see from this chart alone the benefit of having both...

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Quoting eliotjng

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Hello Alan, can i ask what you saw on M15 for add confirm? i can't find anything DIV bull here, i just saw RSI fast at extremely low. Also about green straight line on M5, what are they ? I check on my chart and make sure there are not EMA swing level near here. Yesterday and today, i choose big trend as down side, please take a long at my inference and help if i wrong at anything {image} At X, before trade, i expect down side as we build new bear support and RSI DIV bear. So i thought big trend is down as EMA will continous attack level 1.2409....

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Quoting eliotjng

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Hello Alan, can i ask what you saw on M15 for add confirm? i can't find anything DIV bull here, i just saw RSI fast at extremely low. Also about green straight line on M5, what are they ?

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Quoting 40PipsAlan

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Slow day today so far.

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