Trading the Cable swings via averages

Quoting 40PipsAlan

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{quote} Yes I started off today looking for long trades after seeing the M15 bull divergence and I missed the first bull support candle being away from my PC. Then the M15 showed bear divergence suggesting a short is coming. In hindsight maybe I should have been long and then go for a hedge trade. {image}

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Quoting eliotjng

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{quote} Hi Alan, last week is my country holiday so i don't trade. Look back, i saw a problem and hope you help me with. How do you define " struggle "? I mean like how many bar up, or how many sideway bar make you think price will "struggle" and may not meet EMA ? How do you know when a DIV will fail to make price back to EMA ? I still feel difficult to identify situation between: after DIV, price will a) return to EMA, or b) fail to return to EMA --> make HH instead. For example: chart below, Thursday i thought price will fail to return EMA and...

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Quoting eliotjng

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{quote} Hi Alan, last week is my country holiday so i don't trade. Look back, i saw a problem and hope you help me with. How do you define " struggle "? I mean like how many bar up, or how many sideway bar make you think price will "struggle" and may not meet EMA ? How do you know when a DIV will fail to make price back to EMA ? I still feel difficult to identify situation between: after DIV, price will a) return to EMA, or b) fail to return to EMA --> make HH instead. For example: chart below, Thursday i thought price will fail to return EMA and...

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Quoting danjuma

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Hi Nala, I am slowly reading the thread and gone as far as page 50. There are couple of terminologies you use that are not clear to me. (1) When you state the 'average', are you referring to the EMA(26) or the SMA(1)? (2) Which are you using for the swing high/low, the EMA(26) or the SMA(1)? Thank you.

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Quoting 40PipsAlan

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{quote} easy one this. Is all about the EMA averages 26 EMA. The SMA helps with drawing the divergences as it’s based on closed price.

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Quoting danjuma

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{quote} Thank you!

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Quoting 40PipsAlan

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{quote} Here are some basics. Break of an EMA =retest of previous EMA swing HiLo. Bear support candle = Highest bull candle close after the break. Price resistance level Bull support candle = Lowest bear candle close after the break. Price support level Divergence = cross back over the EMA. if it doesn't the asset will keep trending and make a HH or LL (depending which way we are going) We try and match the H4 direction (above EMA = buys only, below = sells only) Find divergence on the H1 chart, there should be divergence on the M5 chart as well...

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Quoting Nala66

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{quote} I'm not sure what time of the day you are referring to. I have added some stuff to your charts, hope it helps. {image}

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Quoting 40PipsAlan

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{quote} Just my two penny worth. Keep an eye on the M15 and M5 support candles to confirm your perception of what the H1 will do even tho you cant spot any H1 divergence/inference around our trading time. Divergence on the M15 followed by a M5 support candle is usually good enough to get you to BE or a small loss.

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Quoting danjuma

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Hi Nala, I am slowly reading the thread and gone as far as page 50. There are couple of terminologies you use that are not clear to me. (1) When you state the 'average', are you referring to the EMA(26) or the SMA(1)? (2) Which are you using for the swing high/low, the EMA(26) or the SMA(1)? Thank you.

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Quoting eliotjng

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{quote} Alan, in your pic, in the circle, you said "weak trading". I want to ask how you definition of "weak trading"? You consider it as "weak trading" because price move sideway for a long time ? Or because it have few up bar ? {quote} I have follow M15, but again my reading DIV still have problem as i can't guess if it make back EMA or not. But your idea of check both M15-M5 support candle to confirm trend is great ideas, thank 40PipsAlan

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Quoting Nala66

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{quote} Weak because it failed to make the EMA from the bear div.

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Quoting Nala66

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{quote} Weak because it failed to make the EMA from the bear div.

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Quoting 40PipsAlan

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{quote} And still weak. H1 failing to cross the EMA and find bear support. Try for a HH might be on the cards.

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Quoting Nala66

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{quote} I was long but moved my stop too close. Shut me out for +9 pips. I was aiming for the 5 min EMA swing high.

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