Our textbook entry is in progress. Alan's divs in M5, M15, M30, H1 and H4. M5 bear support at 2979; 34 pips so far from here. Had thought PA would retrace at W1 average at 2957. If it still doesn't at H1 average at 2944 then the bears are truly back

Trading the Cable swings via averages

Trigger pulled with short at 2988 after the bearish Alan's div on M5. Protection at 2995 with a limit order since I have the hunch GU might touch 3025 before a definite plunge Exited at 2975 because this is the Asian session. Would have let it run ...

Trading the Cable swings via averages

I got 10 pips off that bull support on M5. I exited at 2990 after seeing the bearish Alan's div on M30. It's like the bearish Alan's div on H4 is very much alive.

Trading the Cable swings via averages

Yes, good old days. We also had them in Nigeria: shilling, florin, guinea etc. The world is dynamic and we must move on. Have you guys noticed the bullish Alan's div on H1? Are we about to see another trip to 3000? Can it topple the bearish Alan's ...

Trading the Cable swings via averages

In fact, if you had not mentioned it, I wouldn't have reckoned with the 500 pips. You see, that is how beautiful our system is. GU could have gone 1,000 pips for all we care. Our System enables us to follow the moves correctly and we make our money. ...

Trading the Cable swings via averages

M5 Average swing high in November 2018

Trading the Cable swings via averages

So, 2953 is now on the radar in spite of all the hiccups

Trading the Cable swings via averages

You are right and it has played out

Trading the Cable swings via averages

OK

Trading the Cable swings via averages

Time now to watch out for our bull support and the 2-bar test The test is passed. The targets I am seeing are 2971 (H4 average) and 2986 (H1 average). Is there anyone with contrary figures? Well, there are also 2903 and 2953 on M5

Trading the Cable swings via averages

I believe we must have all jumped into the boat by now

Trading the Cable swings via averages

For me, I will feel more confident if the RSI is at level 20 or 80

Trading the Cable swings via averages

If you look at my own H1 chart below' you will notice that my fast RSI is not as expansive as yours. Indeed, yours is presently showing Alan's divergence (as per the 2000 hours GMT candle) while mine isn't. Would you have any clue as to the reason ...

Trading the Cable swings via averages

Here we are; the bear support at that time. Later, of course, a lot of water passed under the bridge with GU unable to overcome an old H1 average at 2831 let alone 2808 The 2808 was eventually achieved at 1520 GMT

Trading the Cable swings via averages

Even as at now the rally has not ended. After about 60 pips from that H1 div, we are just seeing the bear support on M5. So then, 2808 is now on the radar

Trading the Cable swings via averages

From hindsight, the H1 div produced 60 pips. I missed the div entirely. Wish I had read your post at the time

Trading the Cable swings via averages

Tough day. It was Robert Schuller that said” “when the going gets tough, the tough gets going.” If one comes out unscathed on a day like this, one can confidently call oneself, a forex trader London Open is now sighting NY Open but we have seen only ...

Trading the Cable swings via averages

Alan's divergence on M5. Let's see how far the bulls can push back the bears for now. H1 average appears to be plateauing. In effect, the next target of 2857 is a tall order. So then, the bulls may be tiring

Trading the Cable swings via averages

My joy is that the spike picked my order at 2772 right to 2848 where I exited Meanwhile, there is a variant of hidden Alan's divergence on M15 and Alan's divergence on M30 both bearish

Trading the Cable swings via averages

Entered long at 2737. Exited at 2770. Didn't want to take chances as the bull support is yet to manifest. Have put a buy order at 2772. Time now to get our bull support and I am eyeing 2752. M5 has just done a hi-lo. Advisable to remove all longs ...

Trading the Cable swings via averages